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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (530916)	11/21/2009 8:35:44 AM
From: RetiredNow	Read Replies (2) of 1574766

Very good point. I've argued the same myself in the past. The Laffer assumes as its objective that we want to maximize gov't revenues. I'd say that our real objective is make gov't as small as possible, while still ensuring it is as effective as possible. But that means the GOP and Dems are both wrong. The GOP's mantra of tax cuts are always good is stupid and the Dem solution of big gov't for everything is also stupid. The fact is that we're going to need a combination of tax increases and cuts in spending to get back to ZERO deficits. I always hate these goals of reducing the deficit by 50% in 10 years. WTF!!! Our goal should be to ELIMINATE the deficit and start paying down debt in 5 years. Fiscal discipline will do more for this country over the long run than anything else.

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