nerv14
Well-known member
- Joined
- Apr 27, 2009
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- Independent
I can agree that we need to cut spending, but if you want to eliminate debt it is insane to say that cutting taxes is the way to do that.Oh, hell, in the long run, we're all going to die. May as well party, right?
Especially if you can steal the money from someone else to pay for it.
Wrong.
Reducing the debt to zero is ESSENTIAL for the long term health of the nation.
That means we have to cut taxes to spur growth (we're on the wrong side of the Laffer Curve), and we have to cut spending.
It is not true in any way that cutting taxes while it is around the 40% level would decrease the debt to GDP ratio.
If that was true, then we would just cut taxes and increase spending with the added tax revenue.
If you can find any economist today that agrees that cutting taxes to get defecits will get rid of our debt, then I would like to see that.