Increased revenues meaning higher taxes will be a central element of any successful long-term budget plan and President Obama is right to insist that the wealthy - the slice of America that has come through the recession in by far the best financial health - should provide those funds.

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With all the negativity going on in the world right now people need an escape. When you give them a hit record or a great record it allows them to escape for at least three to four minutes. They're not thinking bills or economy or immigration or war when you create that kind of ambiance.