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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 (104967)5/17/2011 11:46:30 AM
From: grusum3 Recommendations  Read Replies (1) of 224862
 
I agree but you also cannot balance the budget just by cutting spending. There must be both an increase in taxes on most of the taxpayers and a cut in spending.

kenneth, if you're spending $101,000 a year and taxing everything and everyone 100% would yield only $100,000.. do you cut spending or raise taxes to balance the budget? can you see that in this case, the ONLY way to balance the budget is to cut spending? can you see that taxes can't be more than 100%?

or to put it a different way, can you see that spending zero would always yield a budget surplus, no matter what the tax rate was?

your statement is just false. spending cuts do NOT need to be accompanied by higher taxes. spending cuts alone can balance any budget.
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