"Feed the Beauty?"
I hope you aren't eating right now but (courtesy of scrivener_feed) the left seems to think "feed the beauty" is a nice little aphorism for spending trillions of dollars we don't have.
The fact that Democrats still refuse to acknowledge is that deficits are a result of higher spending, not tax cuts. Tax cuts can and do lead to economic expansions (or expansions larger and longer that we would have otherwise experienced) which greatly increases revenues over the long term. That's why the federal deficit was only 2.8% in 1989 (versus 2.6% in 1981) and about 1.2% in 2007 (versus an estimated 12-14% for this year).
There is, of course, no similar track record for massive increases in spending generating higher revenues down the road. That's why our children, once they obtain political power, should simply default on every penny of debt generated by the Obamanation. Let people like George Soros pay back that debt!
Here's a nice little chart to remind you why tax cuts are better than massive increases in spending:
What would you rather have, a deficit of 1.2% or 14%? Tax cuts are a major reason why we've had an expanding economy since the early 1980s. Now that we find ourselves in a major recession we should be cutting taxes again, not making things worse.
President Obama needs to reverse course before it is too late, rescind his perilous spending and cut payroll taxes by $1 trillion. The American economy would be back on its feet and nearing a surplus a just a few years just as it was in the past three decades.
The fact that Democrats still refuse to acknowledge is that deficits are a result of higher spending, not tax cuts. Tax cuts can and do lead to economic expansions (or expansions larger and longer that we would have otherwise experienced) which greatly increases revenues over the long term. That's why the federal deficit was only 2.8% in 1989 (versus 2.6% in 1981) and about 1.2% in 2007 (versus an estimated 12-14% for this year).
There is, of course, no similar track record for massive increases in spending generating higher revenues down the road. That's why our children, once they obtain political power, should simply default on every penny of debt generated by the Obamanation. Let people like George Soros pay back that debt!
Here's a nice little chart to remind you why tax cuts are better than massive increases in spending:
What would you rather have, a deficit of 1.2% or 14%? Tax cuts are a major reason why we've had an expanding economy since the early 1980s. Now that we find ourselves in a major recession we should be cutting taxes again, not making things worse.
President Obama needs to reverse course before it is too late, rescind his perilous spending and cut payroll taxes by $1 trillion. The American economy would be back on its feet and nearing a surplus a just a few years just as it was in the past three decades.