President Barack Obama Message Board

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Politics : President Barack Obama

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To: Wharf Rat who wrote (134693)	7/15/2013 5:36:38 PM
From: RetiredNow	Read Replies (2) of 149317

We are agreed. Contrary to popular opinion, tax cuts DO result in an increase in deficits. Tax increases and spending cuts are what result in surpluses. The GOP refused to negotiate, and so, we went off the fiscal cliff. That resulted in an expiration of the Payroll Tax cut and a reduction of spending in many areas. The combination of those two things (increase in taxes and reduction of spending) has resulted in an improved deficit picture and a June surplus. The only thing that amazes me is that this should have been a surprise to anyone. Want to balance the budget? Stop spending so damned much and increase taxes. None of this is rocket science.

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