Which do you prefer? Tax cuts & a balanced budget, or raising taxes on Americans & deficit spending ?

Question

Fact: The budget deficit is the lowest in 5 years.

Fact: Tax cuts create economic growth. Economic growth increases tax revenue.

Federal Budget Deficit Falls To Lowest Level In Five Years
http://www.kxmc.com/News/Nation/171482.asp
"the only reason why the budget deficit has been going down is because tax revenues have been soaring and actually out pacing spending..."

"THIRD STRAIGHT ANNUAL DECLINE "
"US 2007 Budget Deficit Falls to $163 Billion (Update1)"
"The deficit narrowed to $162.8 billion in the fiscal year that ended Sept. 30, the THIRD STRAIGHT ANNUAL DECLINE and lowest since $158 billion in 2002, ..."
http://www.bloomberg.com/apps/news?pid=20601103&sid=abGA3.0koGV4&refer=us

Answer 1

Could not agree more!....Bush has 2 Master's Degree in Economics and is the most educated president so far as President!

......Raising taxes to the point where the Populous becomes Disillusioned, will repeat history,,,as Over TAXATION KILLED ROME!.....history can and will repeat if we do not learn from mistakes!

Answer 2

The budget deficit is down, but down from all time record high deficits that Bush created and no where near being balanced. Has to laugh everytime I hear some Repub candidate claim that they will .....continue tax cuts....no new taxes ..... continue record military spending ...... and balance the budget. The thinking for the Repubs is that if you stimulate the economy for the upper 2% of wage earners that everyone else will just naturally follow along. In reality it doesn''t work that way. It is the same old, tired, used up Reagan trickle down economics that failed for Ronnie and has failed for GW.

Answer 3

Fact: The budget deficit is the lowest in 5 years doesn't mean a thing when there is still a huge deficit.

Fact: Tax cuts with rampant spending equals huge debt and larger taxes later to pay.

Fact: Rampant spending without revenue equals bankruptcy.

Answer 4

Neither. Cut taxes on lower and middle classes, cut overall spending by 40%, balance the budget without tricks or raiding Social Security, no deficits, 90% of revenue for expenditures, other 10% for debt reduction.

But nobody in DC has the body parts to do that (except Dr. Paul, that is!)

Answer 5

it relatively is, completely, a hundred% insane that there wasn't been a minimum tax improve the day Obama took workplace. ALL that has occurred is the way has been paved for a extensive tax improve to offset the stupidity of the Bush tax cuts. Face it people, there will be a too-previous due tax improve by way of fact there purely isn't any different selection, the two Dems and Repubs have screwed us all massive time.

Answer 6

Fact: the deficit was at all time record highs under Bush 5 years ago, and still isn't close to being in the black... better than the worst ever isn't that impressive

Fact: tax revenue increases almost every year, regaurdless of tax cuts or not...

Answer 7

Fact:
Clinton gave America its first Surplus in decades, and begone to pay down our debts.

So the question should be: Which do you prefer? Tax cuts and Deficit spending, or Raising Taxes back to the top 5% & balance the budget.

Fact:
Republicans Borrow and spend = we do not own our debts and at the mercy of foreign economic invaders, where as, Democrats tax and spend = we own our debts and at the mercy of ourselves.