Quote:
Originally Posted by Air&Road
That's not what you originally said. YOU said that ANYTHING that would decrease the deficit is BAD. My contention is that a booming economy, resulting in more tax revenue would decrease the deficit, and I can't understand how that is BAD.
The deficit and economy are not REALLY on different timelines. If we had elected officials that were worth as much as a bucket of warm chit, they would NOT spend more than they take in. THAT is why we have a deficit, because they spend MORE of OUR money than they take in. When they get in trouble then they want to demand MORE of our money rather than having us take our lumps to fix it.
|
Not at all, I said that anything we do to decrease the deficit will hurt the economy short term. (Raising taxes or decreasing spending) We 1st need a healthy economy then we can tackle the deficit. The problem is we never do because when the economy is booming no one wants to slow the party down and reduce the deficit. Yes, when the economy is hot reducing the deficit will cool it down. We all want a booming economy but you need to try and understand that if the gov cut spending it would slow the economy!
Completely different timelines. The deficit has been going up for decades the economy has had multiple ups and downs during that time.
You only want to blame spending but it is a revenue/spending problem.
Nobody has been demanding more of your money! Top marginal income tax rates were over 80% now at 35%