Originally posted by Gixer
Ripsnort,
Looks like you cut n paste that stuff right from the whitehouse website. Nicely done.
Really can't understand the tax cuts, especially when the deficit is as high as it is. Think it's basic economics that even for the US economy which is consumer driven that tax cuts are only a short term fix. Long term the next generation are the ones that have to pay.
...-Gixer
Jumped through the rest of the thread to answer this. Basic econimics shows that tax cuts actually increase tax revenue. It's not just a theory, it's proven in past tax cuts. Our country's deficit is very high, but not as high as it has been in the past. Comparing current day dollars with dollars 20, 30, 80 years ago is specious. Adjustment for inflation or even using a % of GDP shows that it is lower than many modern administrations deficits were.
Another fact, deficit spending during a recession helps the country to recover from that recession. Our economy started going downhill in 2000. The terrorist attack on the World Trade Center accelerated that recession more than anyone could have forseen. I don't agree with the rampant spending that the Bush administration has allowed in the last 3 years, but much of it was needed to keep our country from sinking into a recession.
Myself, I tend to lean more towards the Libertarian ideology. The old Rep party is what I want. Go back farther, the old Dem. party is what I want. It's funny how they've both changed faces over the years.
Bottom line, the fed gov needs to be much smaller than what it is. The states need to make most of the decisions. The original idea was that the Fed gov was there to protect from invaders, be they foreign countries, internal seperatists, or terrorists. That's all it should do in my opinion.
Christ, where's that breathalizer.
