To: icwhatudo
Hmmm, tax cuts equal higher revenues? Shocked, shocked i tell you! What "tax cuts"?
Without corresponding spending cuts, the phony "tax cuts" are simply deficits - deferred taxes to be paid later, with lots of interest piled on. Thus, an even more gigantic federal debt.
32 posted on
07/07/2005 6:15:09 PM PDT by
Hank Rearden
(Never allow anyone who could only get a government job attempt to tell you how to run your life.)
To: Hank Rearden
Without corresponding spending cuts, the phony "tax cuts" are simply deficits - deferred taxes to be paid later, with lots of interest piled on. Thus, an even more gigantic federal debt.You do not understand economics and should not make comments like the above.
64 posted on
07/09/2005 5:16:35 AM PDT by
Erik Latranyi
(9-11 is your Peace Dividend)
To: Hank Rearden
Without corresponding spending cuts, the phony "tax cuts" are simply deficits - deferred taxes to be paid later, with lots of interest piled on. We do need spending cuts. Huge spending cuts. But, if the government cuts my taxes and borrows the money at current 10 year yields, about 4.1%, and I take that money and earn 10%,or pay down 14% credit cards, that's a net benefit to me and the country.
Understand now?
69 posted on
07/09/2005 9:49:23 AM PDT by
Toddsterpatriot
(If you agree with Marx, the AFL-CIO and E.P.I. please stop calling yourself a conservative!!)
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