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Tax cuts do not cause deficits.
Spending causes deficits.
It's very simple.
It's also completely ignorant. Anyone who's ever balanced a budget knows that income and expenditures are equally important sides of the equation. To say otherwise is to proclaim nonsense.
Tax cuts do not cause deficits.
Spending causes deficits.
It's very simple.
It's also completely ignorant. Anyone who's ever balanced a budget knows that income and expenditures are equally important sides of the equation. To say otherwise is to proclaim nonsense.
Certainly everyone knows this also,so no great enlightenment here.With that said,also certainly anyone that is thinking clearly would understand that our budget problem is not an income problem its and expenditure one,sure more income is cool,but once again not the problem here. More income would be a waste ,so untill the nit twits learn to control the expenditures NO NEW TAXES painful you bet,needs to be done,you can bet on that also.
Tax cuts do not cause deficits.
Spending causes deficits.
It's very simple.
It's also completely ignorant. Anyone who's ever balanced a budget knows that income and expenditures are equally important sides of the equation. To say otherwise is to proclaim nonsense.
Remember the Bush tax cuts that weren't paid for? Republicans in DC and across this nation insisted that tax cuts don't have to be paid for; that tax cuts don't add to the deficit. Those of us that have a little common sense shook our heads in disbelief at that notion while their loyal base eagerly lapped up the GOP talking points and repeated them as gospel.
Well, sorry cons, but the jig is up. None other than Mitch McConnell admitted what we already knew - that tax cuts do in fact add to the deficit.
Senate Republican Leader Mitch McConnell said Tuesday that Republicans are working on an alternate proposal for extending the payroll tax cut, and predicted that, at the end of the day, "the House will insist that as we extend this payroll tax relief for individuals only for another year."
McConnell, speaking to reporters at a press availability, declined to provide details of the Republican bill, other than to say it would "be paid for in an acceptable way that does not adversely impact job creation."
"In all likelihood, we will agree to continue the current payroll tax relief for another year, but we believe that it should be paid for," the Kentucky Republican told reporters.
~snip~
McConnell said Tuesday that it was necessary to pay for the tax cuts because "with this $15 trillion debt we now have, bigger than our economy, we need to be paying for a measure like this that's temporary."
McConnell: GOP working on alternate proposal for payroll tax cut extension - Political Hotsheet - CBS News
Remember the Bush tax cuts that weren't paid for? Republicans in DC and across this nation insisted that tax cuts don't have to be paid for; that tax cuts don't add to the deficit. Those of us that have a little common sense shook our heads in disbelief at that notion while their loyal base eagerly lapped up the GOP talking points and repeated them as gospel.
Well, sorry cons, but the jig is up. None other than Mitch McConnell admitted what we already knew - that tax cuts do in fact add to the deficit.
Senate Republican Leader Mitch McConnell said Tuesday that Republicans are working on an alternate proposal for extending the payroll tax cut, and predicted that, at the end of the day, "the House will insist that as we extend this payroll tax relief for individuals only for another year."
McConnell, speaking to reporters at a press availability, declined to provide details of the Republican bill, other than to say it would "be paid for in an acceptable way that does not adversely impact job creation."
"In all likelihood, we will agree to continue the current payroll tax relief for another year, but we believe that it should be paid for," the Kentucky Republican told reporters.
~snip~
McConnell said Tuesday that it was necessary to pay for the tax cuts because "with this $15 trillion debt we now have, bigger than our economy, we need to be paying for a measure like this that's temporary."
McConnell: GOP working on alternate proposal for payroll tax cut extension - Political Hotsheet - CBS News
The DNC knows nothing about economics...
Remember the Bush tax cuts that weren't paid for? Republicans in DC and across this nation insisted that tax cuts don't have to be paid for; that tax cuts don't add to the deficit. Those of us that have a little common sense shook our heads in disbelief at that notion while their loyal base eagerly lapped up the GOP talking points and repeated them as gospel.
Well, sorry cons, but the jig is up. None other than Mitch McConnell admitted what we already knew - that tax cuts do in fact add to the deficit.
The DNC knows nothing about economics...
Strange that Bill Clinton inheirited a $4+ trillion dollar debt, an enormous annual deficit, raised all marginal tax rates in 1993, balanced the annual budget, created 22,000,000 new jobs, bought back $450 billion of debt, left surpluses projected all the way to the outyears with the entire debt on track to be paid off by 2012 isn't it
Rich people not to worry....George W. Bush immediately got rid of the surpluses by cutting taxes twice, 2001 and again in 2003, doubled the national debt and for the first time in our history added Communist Chinese banks to our list of creditors. By the time he left office they had doubled the total national debt from $5.7 trillion to nearly $12 trillion.
When the rich pay their share spending is paid for....when they don't we go further into debt. Really quite simple and it's the only thing which kept us from paying down the debt George W. Bush first acquired. It's been the fault of the Republican party which for the last thirty years has cut taxes for the richest Americans and borrowed money from foreign banks to fund it.
It's also completely ignorant. Anyone who's ever balanced a budget knows that income and expenditures are equally important sides of the equation. To say otherwise is to proclaim nonsense.
Certainly everyone knows this also,so no great enlightenment here.With that said,also certainly anyone that is thinking clearly would understand that our budget problem is not an income problem its and expenditure one,sure more income is cool,but once again not the problem here. More income would be a waste ,so untill the nit twits learn to control the expenditures NO NEW TAXES painful you bet,needs to be done,you can bet on that also.
That's bullshit...when either party cuts taxes and continues to spend as much or more they are a goddam fool if they expect their books to balance. Only an idiot would believe otherwise. Do you run your household budget that way........quit one of your two jobs and continue to spend like there's no tomorrow..............I think not
And not a single republican voted for Clinton's budget.Remember the Bush tax cuts that weren't paid for? Republicans in DC and across this nation insisted that tax cuts don't have to be paid for; that tax cuts don't add to the deficit. Those of us that have a little common sense shook our heads in disbelief at that notion while their loyal base eagerly lapped up the GOP talking points and repeated them as gospel.
Well, sorry cons, but the jig is up. None other than Mitch McConnell admitted what we already knew - that tax cuts do in fact add to the deficit.
The DNC knows nothing about economics...
Strange that Bill Clinton inheirited a $4+ trillion dollar debt, an enormous annual deficit, raised all marginal tax rates in 1993, balanced the annual budget, created 22,000,000 new jobs, bought back $450 billion of debt, left surpluses projected all the way to the outyears with the entire debt on track to be paid off by 2012 isn't it
Rich people not to worry....George W. Bush immediately got rid of the surpluses by cutting taxes twice, 2001 and again in 2003, doubled the national debt and for the first time in our history added Communist Chinese banks to our list of creditors. By the time he left office they had doubled the total national debt from $5.7 trillion to nearly $12 trillion.
When the rich pay their share spending is paid for....when they don't we go further into debt. Really quite simple and it's the only thing which kept us from paying down the debt George W. Bush first acquired. It's been the fault of the Republican party which for the last thirty years has cut taxes for the richest Americans and borrowed money from foreign banks to fund it.
And not a single republican voted for Clinton's budget.The DNC knows nothing about economics...
Strange that Bill Clinton inheirited a $4+ trillion dollar debt, an enormous annual deficit, raised all marginal tax rates in 1993, balanced the annual budget, created 22,000,000 new jobs, bought back $450 billion of debt, left surpluses projected all the way to the outyears with the entire debt on track to be paid off by 2012 isn't it
Rich people not to worry....George W. Bush immediately got rid of the surpluses by cutting taxes twice, 2001 and again in 2003, doubled the national debt and for the first time in our history added Communist Chinese banks to our list of creditors. By the time he left office they had doubled the total national debt from $5.7 trillion to nearly $12 trillion.
When the rich pay their share spending is paid for....when they don't we go further into debt. Really quite simple and it's the only thing which kept us from paying down the debt George W. Bush first acquired. It's been the fault of the Republican party which for the last thirty years has cut taxes for the richest Americans and borrowed money from foreign banks to fund it.
