Monday, October 23, 2006

A Good question

hellvis ask this question on Yahoo questions,
How do you reconcile decreased taxes and increased deficit?
In other words, if raising taxes will eventually increase the deficit, it is a bad thing. But what if you lower taxes AND increase the deficit? Does stimulating the economy really do anything, except pay off your out of control spending? Bush, I'm looking in your direction...

My own words follow, this material is not copy written, use it as you want.
I can not speak for Bush. He is a carbon copy of Reagan on taxes. Even Reagan's own economist told him he was wrong to assume growth would off set cutting taxes for the wealthy. They cited "uncertainty" in the growth as a factor that could not be predicted years down the road. Clinton had a surplus all 8 years. Clinton even paid down the debt. twice. Clinton was a conservative. He always paid for his new programs with cuts in other programs. The Republicans cut taxes, Just like under Reagan. Cutting taxes for the wealthy in America. This decreased federal income. The Republicans also made Government bigger not smaller. With no cuts a deficit is now projected out 10 years of $9 trillion. The interest on that debt will eat tax payers alive. Republicans wanted to wait til after elections to tell the Americans what they would cut. After elections Republicans will try again to end Social Security as a way to fix the mistakes of the past. Republicans call ending S.S. "privatization". It's the same as end.

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