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To: Vicomte13
Also, we could all accept a 10% tax increase in order to balance the budget and start paying off the national debt.

Wrong. A 10% tax increase would not increase tax revenues as it would destroy economic growth. But congress would anticipate a greater than 10% tax increase (because it would project continued economic growth and the higher tax rates on the growth adjusted income figures) and would accordingly increase spending even more. Therefore, the tax increase would kill growth, lead to unemployment and inflation, and the deficits would increase.

3,057 posted on 05/18/2006 1:47:04 PM PDT by VRWCmember
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To: VRWCmember

Sure. Hiking taxes is bad.

You missed my point.
My point is that we COULD, meaning we are physically capable of, massively hiking taxes, even if it would be against our nature and against our very interests.

And it's in that same sense that BorderBots "can" just suck it up and accept what the President and Republican Senate are offering them. They could, but they would think it as foolish and wrong to do so as you do about hiking taxes - therefore, they won't. That was my point.


3,136 posted on 05/18/2006 3:27:25 PM PDT by Vicomte13 (Aure entuluva!)
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