“President Bush put in tax rate cuts. This boosted the economy and tax revenue is up. So it wasn’t a “tax cut”, because tax revenue increased. It was a tax rate cut and it worked perfectly.” (http://www.federalbudget.com) So just increasing taxes doesn’t necessarily help—in fact it could actually hurt. Cutting spending is the only solution.
Tag: government spending
The Problem of National Debt
If money were no issue, while these numbers on defense spending might seem amazing, we might also just shrug and say no big deal. But this all has to be paid somehow, and has to be paid by us eventually. The problem is, I believe, that government spending and borrowing are a mystery to most
Extraordinary Defense Spending
I am troubled and seriously concerned by a news story I heard this morning on NPR. This isn’t exactly a surprise, because it’s no real secret that things have been getting out of control. Nonetheless the actual figures are staggering. While the story was about defense spending, the real issue is runaway government spending, and