To: concerned about politics
>>Economic increase leads to tax revenue. The more people make, the more they spend, the more money taxed.
Government gets it back from the economic increase anyway.
[Pork, on the other hand, has no return (except votes)]
Reagan knew that. He put money back into the private sector, allowing it to build. The increase not only gave us the best economy ever, but a surplus to boot!
And with all that tax revenue the govt got during the boom of the 1990's...how much was used to pay down the national debt?
Answer: just a few token payments.
If we can't reduce the national debt during huge boom times like the 90's, what hope is there of ever reducing it?
I see a national debt of 4,000,000,000,000 in 1992...and after the huge increase in govt revenues, we now have a govt debt of 6,400,000,000,000.
A better than 50% increase in the national debt in a period where revenues grew like crazy...now why do you suppose that is?
Answer: because if you don't get spending under control, it makes no difference how much money you make.
If you make a million bucks, and spend $1,000,500, you are no better off than someone who makes $1000 bucks and spends $1500.
To: freeper12
If we can't reduce the national debt during huge boom times like the 90's, what hope is there of ever reducing it? Who was president during most of the 90's? Was it his goal to decrease federal spending by encouraging fiscal constraints over Congress' spending bills (other than eviscerating the military)?
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