- Joined
- Jun 23, 2009
- Messages
- 133,631
- Reaction score
- 30,937
- Location
- Bagdad, La.
- Gender
- Male
- Political Leaning
- Very Conservative
No, the problem is that we are running big deficits. You fix the deficit by some combination of increasing revenues and decreasing expenses. The single largest contributor to the deficit is the economic slowdown (it took $400B out of government receipts). The problem with cutting expenditures is that is is counter-productive to near-term economic growth (it actually promotes recession by contracting the economy). The problem with Washington is that they refused to even consider tax increases, which was (is) the easiest and least recession promoting way to reduce deficit.
The best way--most politically profitable way--to increase revenue, is to let people get back to work and stop killing businesses with all the bull**** regulations.