Quote:
Originally Posted by ah-kay
We have been down this path before on tax cut. Look at where we are with Bush/Reagan's cut. The deficit just BALLOONED. Just look at the deficit in relative terms after they left office.
We have to make ends-meet just like every household by cutting spending and raising income(taxes) . How? I do not know. Just commission an economist to do it for us just like we have done it many many times before.
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Look at the whole picture if you are seeking truth.
The monies INTO the US Treasury increased dramatically under Reagan. He made a deal with Congress--he would allow a tax increase, and they promised to match it "dollar-for-dollar". Congress failed to cut spending. Both Repubs, and Dems were responsible for the over-spending, and THAT caused the deficit to balloon.
Spending by Congress, not tax cuts ballooned the deficit. Look at all the facts, not just the partisan ones.