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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (46284)9/29/2010 8:00:58 PM
From: TimF  Read Replies (1) | Respond to of 71588
 
Its straight classical economics (or really more accounting than economics) that reduced revenue, without reduced spending, results in higher deficits.

But you don't finance tax cuts. Tax cuts cost nothing. The cost is the spending. Tax cuts (often but not always) reduce the ability to finance the spending. Only the spending needs to be financed. Taxes are one way (the primary way for governments) to finance it.