Oh get off this foolish song. Ever since Reagan the Repubs have been the candy man, handing out tax cuts to their wealthy patrons but never doing the hard work of cutting spending to offset the tax cuts.
Every Repub tax cut has resulted in skyrocketing deficits, all the while we are suppossed to believe that cutting taxes will lead to increased tax revenue. Hey we have the Laffer curve and it shows that cutting taxes will increase tax revenue, yeah, that's the ticket! More faith based bull. You just got to believe!
Well spending was part of the equation too, both Reagan and Bush2 greatly expanded military spending which were major factors in the deficits.
My thought has always been if you want to spend extra money on stuff, be it military or wars or whatever, then you
raise taxes to pay for it. Not cut taxes and borrow. If Bush wanted to double military spending as he did and start a war, he should have raised taxes. But he did the opposite, and we got $5 trillion more debt.
That's a beef I have alwasy had with Obama too. You want national health care? Great. Either cut spending in other areas or raise taxes to pay for it.