Quote:
Originally Posted by spence
Let's be real though and remember that the biggest reason we have a gigantic deficit today is because of bloated Bush spending that isn't being funded because of tax revenue short falls from the recession.
-spence
|
Isn't that the beauty of tax revenue shortfalls? There is no money to fund bloated spending. Doesn't this argue for spending cuts rather than tax increases as the method to reduce the deficit? Raising taxes will just pay for bloated spending. Parkinson's second law--expenditures always rise to meet income.