Taxes will go up despite who is president

It's what happens when short-sighted, narrow-minded presidents hand out tax cuts to their rich friends. Now there's a mess to clean up.

But there's a new budget reality that even some conservative economists can't ignore. A massive and growing federal budget deficit now looks increasingly hard to tame without raising more government revenue. That's another word for tax hike.

Thanks to Bush's tax cuts shifting the tax base from the backs of the rich and more onto the backs of the poor, guess who'll pay for this?!