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 : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (95622)	11/18/2010 5:08:46 PM
From: tonto	3 Recommendations Respond to of 224769

Ah Kenneth, revenue was increased...spending increased more...

To: Kenneth E. Phillipps who wrote (95622)	11/18/2010 6:03:15 PM
From: Jorj X Mckie	3 Recommendations Read Replies (1) \| Respond to of 224769

JLA, when you reduce revenue, you increase the deficit. When you increase revenue, you reduce the deficit. Clinton proved that. You are the moron! It is a facile conclusion to state that tax cuts reduce revenue. That is only true if the tax base remains static. But tax reductions tend to have a stimulative effect and therefore increases the tax base. Where the government may get a smaller percentage in tax revenue, they get more actual tax dollars. This is how Clinton was able to show positive economic numbers. Since we were in an economic boom, there was more income and more transactions and therefore more tax revenue. It wasn't through any brilliant economic planning on his part.

To: Kenneth E. Phillipps who wrote (95622)	11/19/2010 9:36:30 AM
From: JakeStraw	3 Recommendations Respond to of 224769

Kenneth, You like all your other partisan lemmings are so programmed that you forget the simple fact that a reduction in wasteful gov't spending reduces the deficit as well.