Recent reports from Germany indicate if the United States of America raised taxes to the level present in Germany, our deficits would end and the Federal budget would run a surplus. Germany currently has lower unemployment than the US and exports more goods despite having one third our population. If the US raised taxes to the German level of 43.2% of GDP our deficits would end and there would be a surplus of 1.9%.
This means there would be money to rebuild our infrastructure, hire more police, teachers, nurses and attain high speed broadband. Of course, this economic reality goes against Conservative views that only the middle class and poor people should be responsible for our economic woes. I recognize raising taxes on wealthy people means fewer expensive vacations in the Bahamas or an expensive care, but we all have to sacrifice a bit these days. How about the German model for the US?