Economists: Deficit reduction requires both spending cuts and more taxes

ap ^ | 9-24-12 | AP

[TurboZamboni]

National Association for Business Economics recently surveyed say the country needs more fiscal stimulus through 2013, but by 2014 it should be time to throttle back. The reason for the delay: the sluggish nature of the country's economic recovery. A majority of the economists favor extending payroll tax cuts, current marginal income tax rates and current tax rates for dividends and capital gains for most or all taxpayers through 2013. Deep tax cuts that were passed under President George W. Bush expire at the end of December unless Congress takes action. At the center of debate: extending the cuts for everybody. or just households earning less than $250,000 a year.

[G Larry]

GOOD!

Because “more taxes” DOES NOT MEAN HIGHER TAXES!!!!!

More Tax REVENUE, is generated by LOWERING TAXES, or CONFIDENCE TAXES ARE NOT RISING!!

The year for HIGHEST FEDERAL INCOME TAX REVENUE was in 2007, under the CURRENT TAX RATES!!!

Currently, Federal Revenue IS DOWN, DUE TO FEARS ANY INCREASE IN INCOME PRODUCTION WILL BE STOLEN TO BUY VOTES!!

[Son House]

AP is trying to confuse 2 issues;
1. deficit reduction and
2. “the sluggish nature of the country’s economic recovery”

What did the economist say would improve the economy?

What would business owners say would improve the economy?

vs What would pay down Obama’s debt?

[TurboZamboni]

...and smoking is pleasurable,how many people say the same of their job?

[LibLieSlayer]

Very true!

LLS