Critter7r
DP Veteran
- Joined
- Aug 4, 2014
- Messages
- 5,698
- Reaction score
- 2,490
- Location
- Michigan
- Gender
- Male
- Political Leaning
- Centrist
The United States government is monetarily sovereign, so its ability to suspend is not directly affected by changes in tax rates or even changes in tax revenue.
I'm aware of that. I should have started each of those statements with, "In the absence of deficit spending and with the knowledge that tax collection is not necessary for gov't spending, the answer is ..."
I assumed your points were thought exercises, and I answered in the common vernacular that tax revenue is necessary for government expenditure. Which, while procedurally it is not, it is politically necessary.
Partisan arguments about tax cuts and government spending are wrought with double standards. The only semi-intelligent place this discussion could go is in discussing the merits of the modern macroeconomic orthodoxy, i.e., whether deficits really do matter, whether the federal budget needs to be more in balance, or whether larger deficit spending is better under current circumstances.
Rewind to 2010, the stimulus that was pushed through was effectuated significantly by way of tax cuts. Tax cuts are one of the administratively easiest ways to increase deficits in order to try to get away from recessions and depressions.
The partisan rhetoric about "cutting assistance to the poor to pay for tax cuts for billionaires" is extremely idiotic. No expenditure needs to be cut in order to "pay for" tax cuts, because tax cuts aren't an expense. Also, income taxes are not the taxes that affect billionaires.
While that (bolded) is literally true, the political climate in this country is such that at least the appearance of an attempt to balance spending with revenues must be upheld.