Republicans will stop believing that tax cuts are the solution to everything.
That day will probably be around the time the GOP takes a hard look at itself and realizes that the debt created in the last eight years is, you know, on them. I guess spending is okay when they do it, but shame on the Democrats for wanting to do the same thing and actually raise some taxes to pay for it.
Tell me, exactly how is a tax cut supposed to get us out of debt? If tax cuts alone stimulated the economy better than anything else, the Bush years would have been marked by the greatest economic expansion in history. But they weren't, so I think that argument has been conclusively found wanting. Not only that, but isn't there a diminishing returns point for tax cuts as a stimulant? I would think so, although I'm sure many in the GOP would have no problem with cutting taxes to zero anyway.
Wednesday, February 25, 2009
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1 comments:
Some day Democrats will stop believing that more government is the solution to everything.
I could be wrong, I often am, but a large chunk of the debt from the last 8 years is from the GWOT, not from mis-applied tax cuts.
Yes, defending our nation (as the Constitution requires) is better than funding every possible Democratic spending wish list.
"Tell me, exactly how is a tax cut supposed to get us out of debt?"
Tax cuts can result in more investment. More investment can result in more cash flow. More cash flow can result in more taxable income. More taxable income can result in less debt. Voila! It aint rocket science.
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