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To: Physicist
Meanwhile, every dollar given back to the taxpayer/consumer is a dollar not charged on an Asian-backed credit card.

If cutting taxes means higher deficits, as it has over the last 3+ years, then every dollar in tax cuts does indeed translate to another dollar put on the asian-backed credit cards. I believe that interest on the debt is now the 2nd largest federal outlay. Take a look at the taxes you paid the federal government last year, 30% or so of it went to pay interest on the debt, and the largest holders of U.S. debt are China and Japan.

7 posted on 01/12/2005 6:50:29 AM PST by 1LongTimeLurker
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To: 1LongTimeLurker

Cutting taxes does not mean higher deficits. Spending more makes higher deficits. Perhaps if we eliminate a couple of departments and RIF a couple hundred thousand Federal freeloaders we could cut down the deficit and provide a ready source of labor to displace the immigrants now flooding the nation.


9 posted on 01/12/2005 6:58:06 AM PST by steve8714
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To: 1LongTimeLurker
...cutting taxes means higher deficits, as it has over the last 3+ years...

What have you been smoking? Tax cuts always increase revenues! It frees up more disposeable income for citizens to spend and invest thereby stimulating the economy.

Read this

...and this

...and this

14 posted on 01/12/2005 7:12:27 AM PST by TChris (Most people's capability for inference is severely overestimated)
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To: 1LongTimeLurker

Cutting taxes also does not necessarily translate into lower tax revenues, something that was demonstrated during the 1980's.


15 posted on 01/12/2005 7:12:41 AM PST by Sam Cree (Democrats are herd animals)
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