"Politics is the Art of Looking for Trouble, Finding it Everywhere, Diagnosing it Incorrectly, and Applying the Wrong Remedies"
The days of Clinton type figures on spending are long gone. Over the last decade we have spent billions of dollars on homeland security, something Clinton and previous administrations didn't have to fund. Simply taxing the rich won't suffice. Everyone will have to make "contributions" while spending is reduced to try and get the economy back on the right track.
If we were actually taxing the rich, maybe. Since "rich" means the middle class, no.