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Fri Jan 4, 2013, 02:07 PM

 

Since tax cuts caused the debt, don't we have to raise taxes higher than before to make up for it?


I'm not a rich 1%er or an economist....but since giving tax cuts during two wars and new Big Government programs like Homeland Security and the TSA caused a huge debt where there once was a surplus....

Wouldn't the way to fix it, to be the exact opposite...raise taxes to higher than what they were before Bush, stop the wars and Big Government that Bush started and in the same amount of time it took us to build this debt, we will return to where we once were under Clinton.

This seems to be common sense to me, what am I missing?

Instead, the wars are supposedly winding down but we are still increasing the already doubled since Bush military budget, increasing spending on Big Government programs even after we got Bin Laden....and now we make the tax cuts permanent.

Where is the logic in that?

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Reply Since tax cuts caused the debt, don't we have to raise taxes higher than before to make up for it? (Original post)
No Compromise Jan 2013 OP
PoliticAverse Jan 2013 #1
JoeBlowToo Jan 2013 #2
Coyotl Jan 2013 #3
commonsense today Jan 2013 #4
sinkingfeeling Jan 2013 #5
dawg Jan 2013 #6
No Compromise Jan 2013 #8
Lastboyscout Jan 2013 #7

Response to No Compromise (Original post)

Fri Jan 4, 2013, 02:11 PM

1. Have you seen the CBO scoring of the cliff bill ?

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Response to No Compromise (Original post)

Fri Jan 4, 2013, 02:14 PM

2. Einstein--Insanity: doing the same thing over and over again and expecting different results.

 

Republicans: Let's do it again!

Sounds like insanity but the tax cuts have been wildly successful for the Republicans patrons, i.e., the one percenters or more accurately, the one-tenth of one percenters. They do not care about the deficit, the recession, the unemployment rate because they are getting richer.

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Response to No Compromise (Original post)

Fri Jan 4, 2013, 02:15 PM

3. No.

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Response to No Compromise (Original post)

Fri Jan 4, 2013, 02:17 PM

4. just the facts

 

one war was because of 9/11 and everybody wanted it. It has cost more than Iraq. If those in power wanted to cut Government, you would hear calls of disbanding the TSA and Homeland Security. Taxes should be higher for more Americans. But there is no movement to slow the size of government

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Response to No Compromise (Original post)

Fri Jan 4, 2013, 02:18 PM

5. You're incorrect. Spending was down, as was the deficit in 2012.

http://www.nytimes.com/2012/10/13/business/federal-deficit-for-2012-fiscal-year-falls-to-1-1-trillion.html?_r=0


The shrinking deficit was a result of both higher tax receipts and lower government spending. Government receipts climbed 6.4 percent year-over-year as the economy grew stronger and certain tax breaks expired. Corporate income taxes were a “major contributor” to the rise in overall receipts, the administration report said, climbing to $242 billion, from $181 billion in 2011.

Moreover, outlays dropped $61 billion year-over-year because of falling military spending on Afghanistan and Iraq, tapering stimulus spending and the strengthening economy. “The largest decreases relative to the prior year came from the Department of Defense, unemployment insurance and Medicaid,” the report said.

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Response to No Compromise (Original post)

Fri Jan 4, 2013, 02:28 PM

6. It's evil to cut anyone's benefits while those tax cuts are still in place.

Even the so-called middle-class tax cuts.

The tax cuts were unaffordable when originally passed. They are unaffordable now. It is wrong to finance them on the backs of the poor, elderly, and disabled.

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Response to dawg (Reply #6)

Fri Jan 4, 2013, 03:15 PM

8. +1000

 

clearly! It's really unbelievable that we are even having this conversation in America.

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Response to No Compromise (Original post)

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