rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
- 289,058
- 171,067
- 2,615
Yes you can do it by attacking half the equation. When you cut spending the tax dollars that are saved from that cut can then be spent elsewhere. Lowering the debt expenditures in essence raises your disposable income.
I know the concept is complicated but as with learning to ride a bike if you keep trying one day you'll get it!
When you ignore revenue you have to cut twice as much spending. Given the limited amount of discretionary spending, it is not as easy as Republicans claim
Would you agree to a tax increase that was 100% dedicated to debt reduction?
I probably would depending on the scope of the tax. Ie one time tax and cuts would have to be huge and I'm not talking about cuts to one time expenditures.
But there is a box you can check on your tax return to do just that. How many times have you checked that box?
We have added $8 trillion in debt since the Bush/Obama tax cuts. This debt is the result of the costs of two wars, Medicare Part D, TARP, Stimulus, war on terror while we cut our revenue
Poor fiscal responsibility