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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (90992)9/14/2010 12:36:29 PM
From: grusum4 Recommendations   of 224733
 
There are two ways to cut the deficit. One is by decreasing spending. The other is by increasing revenues. Both ways should be used.

at a certain point, raising taxes lowers 'revenues' ala the laffer curve. raising taxes from this point will only bring in less money for the government and hamper an already ailing economy. raising taxes is the dumbest thing they could do now. they don't need to just 'cut' spending, they need to decimate it.
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