To: freeper12
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!
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.
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