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Politics : View from the Center and Left
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To: Katelew who wrote (145043)9/22/2010 3:18:24 PM
From: Cogito  Read Replies (1) of 543087
 
>>All I feel certain about is that unless higher tax revenues flow into the federal government from somewhere, the country's indebtedness will become unmanageable and hurt every sector of the country and every demographic and for a very long time.<<

I agree. What's unfortunate is that those who still believe that cutting taxes will result in higher revenues for the government are just numerous enough to make it nearly impossible to do what is necessary to actually increase them. No, I take back the "nearly."

I'm not sure why people think that if you cut spending AND cut taxes, that will somehow balance the budget. Between the loss of revenue from the tax cuts and the loss of economic activity from the reduced spending, the deficit ratios would only get worse, it seems to me. I'm just using logic, though. I don't have a degree in economics.
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