It isn't just pitting conservatives against each other. The spending going on is OBSCENE. Then when we really do need to spend serious money (rebuilding New Orleans properly) we can't figure out where to get the money from. No one wants to give up their little pet projects, cow fart research, money to other nations, etc. Dems have the easy answer: raise taxes. What does that solve? Nothing. Dems may be the party of tax and spend, but this group of Republicans are the party of spend and spend some more. It is sickening.
Agreed.
Tax cuts are great, but if they're not balanced with some significanat level of spending cuts the door is left wide open for a future Democratic president to turn around and raise taxes. That's what happened when Clinton got into office. Reagan handed Bush41 a solid economy, historically low tax rates, reduced non-defense related discretionary spending and reduced spending on social welfare and entitlement programs. Bush43 raised income taxes and increased spending across the board. Deficits skyrocketed. When Clinton came into office the country was primed for signiciant tax increases. The Bush43 tax cuts were needed just to offset the Clinton tax hikes. Its an evil cycle and it could happen again.
There's an irony here.
The Democrats won't blame this administration for spending too much. They'll blame taxpayers for paying too little. Make no mistake, in 1992 candidate Bill Clinton promised to offer a middle class tax cut and stick it to the rich. He stuck it to everyone. You can count on more of the same from Hillary or whoever else they've got in the wings.
Tax cuts CAN reduce the deficit, but only if spending is cut accordingly.