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To: AzaleaCity5691
"And deficit spending increased at a rate higher than those revenue increases."

And spending, as you know, is mutually exclusive from revenue. That fact remains, the tax cuts increased revenue and were done at the right time.

41 posted on 04/05/2010 8:34:57 AM PDT by avacado
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To: avacado

Not during a war. Never in the history of the world before Lyndon Johnson has a government ever cut taxes while increasing their budgetary burden. That’s what Bush did.

Now, if he had cut domestic spending so that we were running a surplus during his term you mighht have a point. But he didn’t so you don’t.

The most important principle in running a government is keeping a balanced budget just as the most important principle in running a company is to ensure that your revenue can cover expenses.

At some point you do reach a point where cutting your price causes your revenue to go down. It is basic economics. Supply side economics as far as tax rates only work when the tax rates are above the equilibrium point. And even then, you should only spend as much as you take in and not a dime more.


43 posted on 04/05/2010 8:39:14 AM PDT by AzaleaCity5691
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