I’m from the camp which believes that government expenditures must be matched by government revenue, and if you increase spending in one area then you must either increase revenue or decrease spending in another. We’re kind of funny that way.
Problem is...depressions pave the way for demogogues...like the Obama plan on steroids.
Well stated conservative thinking. Here's a picture of the revenues during the Bush Presidency ...
“Bush matched his 2001 tax cuts with additional cuts in 2003 that ended double taxation of dividends, reduced capital gains taxes, and cut small business taxes. These tax cuts – along with spending restraint – produced 52 straight months of job creation, and more than 8 million new jobs. The Bush years witnessed the longest period of economic growth since President Reagan. From 2000 to 2008, real gross domestic product (GDP) grew by more than 18.5 percent. Labor productivity inceased an average of 1.5 percent annually, faster than in the 1970’s, ‘80’s, and ‘90’s. Real after-tax income per capita increased by more than 11 percent. The American economy grew from $9.7 trillion in 2000 to $14.2 trillion at the end of 2008, even while suffering a financial crisis late in the Bush presidency. That $4.5 trillion in growth alone is bigger than the entire Japanese economy. Such things do not happen by accident.” … Rove: Courage and Consequence, page 236