Posted on 04/26/2017 3:45:53 PM PDT by lowbridge
Wrong. You can cut taxes and cap, or slow the growth, of spending and get a budget surplus. The Economy is not a zero sum fallacy. As we saw in the late 1990s, it is possible to cut taxes, spur the growth of the economy, slow spending and grown your way to surplus.
The history of the late 1990s proves you wrong.
It is possible to cut taxes, slow spending and grow your way to surplus. The US Goverment was in surplus 1999, 2000 and 20001
I would point out that the Clinton tax hikes came in there somewhere but regardless, you hit on the one action that needs to be combined with tax cuts to keep the deficit from exploding and that's slowed spending. Reagan didn't, and his deficits soared. Bush didn't, and his deficits soared. This administration shows no interest in slowing the increase in spending either. What do you think the results will be?
Take trillions away from fed gov???????????????????? Pfffft!!! It is our money newsweek!!
Well your assumption is proven wrong by the historic data.
Growth in Government spending can be controlled. The 1990s GOP Congress showed it can be done. 1st thing to do is Re-impose the “Pay as you go” Budget rules that got suspended after 09-11. Then eliminate base line budgeting.
The difference between Bush, Reagan and Trump is neither Bush nor Reagan had a GOP Congress and a peace time economy.
Reagan had the Cold War to wage. Bush had a Dem Senate to try to work with. Remember the GOP did not take Congress until Jan 2003 at which point we were at war.
It utterly moronic for “Conservatives” to argue that cutting taxes cannot be done because it “will explode the deficit”. That the big goverment Leftists argument and it is idotic.
So cut government spending. Problem solved.
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