Cutting taxes reduces revenue. There is no place to cut spending. The Reps just had an opportunity to cut $500 billion from Medicare and ran against cutting it.
Mandatory spending Medicare and SS are the areas that are killing us. Try running a campaign telling granny you are going to cut her healthcare(medicare) and her living(Social Security).
Never happen.
What do you mean there is no place to cut spending? You telling me we need to be spending trillions more in money than 2 years ago? There isnt any waste to cut?
And cutting taxes increases economic activity and increased econimic activity increase revenues.
Actually, that approach didn't work during the Reagan years and it certainly didn't work during the W "cut taxes and start two wars" years.