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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (607642)	4/13/2011 2:32:49 PM
From: i-node	1 Recommendation Read Replies (2) of 1587402

>> Any sound fiscal policy must reverse the Bush tax cuts As others have pointed out, they are the Obama tax cuts, NOT the Bush tax cuts. The real point, however, is that tax increases do not constitute any real contribution to solving the problem. ONLY spending cuts will work. When you increase taxes, you diminish economic growth, which effectively quells revenue growth. OTOH, decreasing spending will generate an economic surge as a result of business seeing that government is serious about making meaningful changes to its strategy. Tax increases provide no benefit at all. Spending cuts help in terms of deficits as well as in restoring consumer confidence. Seems pretty clear to me.

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