Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Road Walker who wrote (513033)	9/15/2009 11:56:36 AM
From: i-node	Read Replies (1) \| Respond to of 1576160

>> Or you deficit spend, the economy surges. This has not been shown to be true. It has, however, been shown that when you cut taxes the economy improves. And of course, there IS the fact that when you deficit spend you are left with the residue of ever increasing interest on the national debt. For example, Obama's idiotic "stimulus" bill will cost our children and grandchildren $100 Million/day for the rest of their lives. A billion every ten days. Think about that. With tax cuts, you get the immediate economic benefit, but increased tax collections which leads you to a deficit neutral situation. Clinton was able to nearly balance the budget because of tax cuts -- both the increased revenue and the economic surge -- from the '97 cuts. Bush was able to maintain a reasonable budget deficit in the middle of his term -- in spite of 2 wars and massive homeland security spending that was necessary -- SOLELY because of tax cuts which increased revenue. The reality is that cutting taxes increases revenue and causes economic growth. Even if deficit spending DID cause economic growth (again, no evidence to suggest that), you'd still be left with an increase in national debt. This isn't that complicated.