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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (316318)12/18/2006 9:20:24 PM
From: RetiredNow  Read Replies (2) | Respond to of 1573439
 
I agree that cutting taxes has a stimulative affect on the economy, because it goes straight to increasing aggregate demand. However, if there isn't a corresponding decrease in spending, then you are stimulating today's economy by borrowing from the future, and all responsible people are really loathe to do that.

The best alternative is to simultaneously cut taxes and decrease spending to the point you balance the budget.



To: steve harris who wrote (316318)12/21/2006 5:03:45 PM
From: tejek  Read Replies (1) | Respond to of 1573439
 
You have two choices to eliminate the deficit: either cut spending or raise taxes.

No, there is a third. Raise tax revenues by cutting taxes. Works every time it has been done.

Yes, by increasing the budget deficit. Both times this GOP ploy was used, the country's budget deficit suffered:

zfacts.com

You see, steve, we don't drink the koolaid like you do.


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