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DDuct. Massive debt??? What do you think we have now??? You neocons have driven us to the edge of extinction with your spend, spend spend, cut taxes, cut taxes, cut taxes approach. | |
I'll tell you this once and I'll try to be polite. Tax cuts did not create the deficits we are now seeing. Spending did and continues to. Both parties are to blame for the spending problem. And don't blame it on the wars, even at $10 billion per month that only totals $700 or so billion. The dem congress topped that in the last year with the bailout and their budget deficit. They plan on a trillion more unfunded debt as soon as BO's new package arrives.
Tax revenues increased even with the Bush tax cuts simply because it puts more money in the people's pockets to spend as they will and some even have the sense to spend that money on investments which create more tax revenue for the government.
One more little note, even with Clinton's supposed budget surplus for 2000 (with Republicans in charge of Congress), we still had a deficit.