I agree with you too.

We need to CUT spending to pay off the debt.

No ObamaCare, no wasteful spending, none of it.

But we simply can’t afford to lower taxes, since taxes is what pays off our debts. It’s the hard truth.The higher the taxes. the less we bring in because less people have jobs because businesses have to cut the jobs. The lower the taxes, the more people businesses can hire. More people working= more taxes going to the government/. But…the government has to cut spending to. At least by 35%It does, but some people are under the delusion that cutting taxes always increases revenue which is untrue.

There needs to be a combination of both tax raises and spending cuts to balance the budget.It’s true that spending can be cut. There is plenty of pork to pare. But Americans, as a whole, want something for nothing. Nobody WANTS to pay for services. But let someone have to wait in line for unemployment, at an overused ER, or anything else that is "inconvenient", and they blame government. Not the fact they voted to lower the taxes that pay for these services.
Americans are SPOILED.To a liberal yes, its counter intuitive. The unpopular truth that keeps the power hungry from satisfying their appetites is that when people have more of their own money … they spend it. It grows the economy, which creates jobs, which causes more spending, which causes MORE money to enter the treasury through the back door rather than through the heavy and burdensome force of the government.

Cutting government waist is important too. If not just for the savings, then the principal.It’s simple Kryptonian machine. If people can keep more of their own money & spend it on what they want, new markets grow to fill that need. Thus increase the pie & the base the gov’t can tax.Lower taxes means that people have more money to spend. If there is more spending by consumers, businesses make more money, and even though the tax rates are lower, they will end up paying more in taxes because of increased revenue. When business is going well, they need more employees, who in turn pay taxes also. That by itself won’t lower the deficit, it takes fiscal responsibility by the government to help lower the national debt.It does seem counter-intuitive until you understand that taxation and revenues is not a zero-sum game. Tax cuts will causes changes.

Remember, if you cut taxes, that means more money left in everybody’s pocket. Those people will presumably spend, save or invest that money. All 3 of those things will stimulate the economy. A bigger economy results in more tax revenues being collected than otherwise would have been. That can offset some of the tax cut early on and actually boost tax revenues beyond what otherwise would have been received after 2 or 3 years.

The problem is, no matter how much revenue goes up, and it does go up substantially ever year, spending keeps going up at a faster pace.

I recently looked at this. In the 6 years prior to the Bush tax cuts, tax revenues grew at 28% and spending at 30%. For the 6 years after the Bush Tax cuts, revenues grew at 34%, but spending went up 46%.High school economics.
You take home $5 from your paycheck. Feds took $2. How much can you spend?
you take home $7 from your paycheck. Feds took $1. How much can you spend?

Now, look at what happens when you consume more based on you being able to spend more.
Take that extra few bucks and times it x by 200,000,000 ( million ) pretty much each day. Businesses who sell that much product, service or information have to do what because of stimulated sales? They hire people!!! Now those people with jobs, goes out and spends more billions.

All that business sales turns into fed revenues ( taxes to the treasury ). All of those newly working people pay fed taxes into where ? You got it. The U.S. treasury.

Got it? And we never raised one cent to any ones taxes – did we?Try a course in economics…when you cut taxes on individuals the rich INVEST more in Biz AND CREATE MORE JOBS…..more working people….more money paid in taxes…less from each…but more people paying….sort of like would you rather have $50 from 10 people or $5 from 1000…..It has been historically proven that less taxes equals more spending, more spending equals more demand for a product, more demand for a product equals more jobs to produce that product. Economy 101 although, admittantly, this would be a slow process given the TRILLION DOLLAR deficit but is better than doing NOTHING but continuing to spend what is not there! It has also been historically proven that when a government (or a person) limits or even stops SPENDING, they save money! Inarguable, common sense this time…Probably because for most countries personal tax revenue is a drop in the bucket. I can’t comment specifically on the States, but generally economics is dependent on psychological phenomena. If the general populace pay slightly lower taxes they generally feel better about spending and the whole economy revs up.

You want to see what happens here if the All Blacks lose LOL.We cannot keep up with the interest on the debt with the taxes coming in. We need to look back at the Constitution and cut spending by the recommendations it suggests! What does it suggest? Anyone know? It says the only absolute reason for tax is for the military! They have to be the priority. What else? Cut pork barrel spending to the max! Do not pay any off to get the vote! That goes on and on and on in our Federal Government and this is a BIG ONE! It can be up to half in expenditures!

Since we are not asking our elected to be responsible, how can we ever balance the budget? We have excepted the phrase, Washington as usual", and get no changes! What do you do when you need money? You cut back or get another credit card! Uncle Sam always gets another credit card! We see some have did they same things and this is the cause of banks going under! They gave credit cards out like candy! Then lawyers got many off the hook. Banks stopped getting the income from faulty land loans and credit card non-payment.

How can we do as Uncle Sam and ask them to straighten up? Sure, the Liberals did offer it as candy.. I guess they must of known what would happen.It does give an opening to look for someone with answers or lies! We just need to look at facts in the now so the future is not as it is.. tax and spend! We do not need it and Washington needs to get over it or we are broke as a Nation. EarlLower taxes = more money in the economy generating more sales and income (jobs), all of which generates revenue to the state.
It works every time, even Kennedy did it!
Liberal don’t get it.
When it was a sure thing in the polls that Obama was going to win people took their money out of danger (investments) and unemployment began to rise.
When under Clinton the passed a 10% luxury tax on high end items (European cars, airplanes, boats etc) to "SOAK THE RICH" a funny thing happened!
These disgusting rich people said I can live with last years Mercedes or I don’t really need a big boat this year.
So no boats were sold that year and guess what? The boat maker had to lay off all his workers. The suppliers of the fridge, the furniture, the things that went into the boat were not ordered and those suppliers had to lay off people. The company that made the motors for the boat did not get any orders and he had to lay people off. Now those laid off former employees did not buy any new cars and the car dealer and the GMs had to lay off people. No one bought a house and the real estate office had to let some people go.
You know what? Those people did not pay any income taxes to the government and the government had to give those laid off money (Unemployment, welfare,food stamps etc).
Get the picture?
OH and the rich are still rich, last years Mercedes ain’t that bad.Cutting taxes often leads to more revenues. Reagan did it in the 80"s, Kennedy did it in the 60’s. When you cut taxes it leads to economic growth and the pie gets bigger. Reagan cut taxes from 70% to 28% and revenues from taxes grew by 7.1% because 16 million more people were paying taxes because of the strong economy and job growth.
If you have 100 people and 25 of them are unemployeed that leaves 75 people to pay taxes.
If you have 100 people and 10 of them are unemployeed that leaves 90 people to pay taxes.
You get more money from 90 people paying 9% taxes than from 75 people paying 10% taxes.

Reagans policies are recognized as bringing about one of the longest peacetime expansions in U.S. history.[10] During Reagan’s tenure, income tax rates of the top personal tax bracket dropped from 70% to 28% in 7 years,[11] while social security and medicare taxes increased.[12][13] Real Gross Domestic Product (GDP) growth recovered strongly after the 1982 recession and produced five straight quarters of growth averaging 8.5%. The GDP grew during Reagan’s administration at an annual rate of 9.4% per year, the Real GDP (adjusted for inflation) increased 3.96% per year on average [14] higher than the post-World War II average of 3.6%.[15]

Unemployment peaked at 10.8% in 1982 then dropped during the rest of Reagan’s terms, averaging 7.5%, and inflation significantly decreased.[16][17] A net job increase of about 16 million also occurred (about the rate of population growth). Reagan’s administration is the only one not to have raised the minimum wage.[18]

During the Reagan Administration, federal receipts grew at an average rate of 8.2% (2.5% attributed to higher Social Security receipts), and federal outlays grew at an annual rate of 7.1%.[28][29]It’s like Bistro mathematics innit? No matter how many times you add up the bill it always comes up short…because there’s always some fecker at the table unwilling to pay for what they have used.

I don’t mind at all paying taxes…it’s the pisspoor uses to which they put my money that i object to. I would gladly pay more tax than I do to ensure good quality hospitals, up to date schools, social welfare that was adequate to provide food and shelter and some decent public housing.To clean uop the rivers and oceans. To look after the aged and infirm. It’s paying for ordinance to be dropped on some Iraqi or Afghan family that i have never met and don’t dislike that irks me…and that costs all the money too just quietly. The arms manufacturers are the only ones getting any concrete benefits out of that war. And the military contractors. And the transport companies. And the oil industry.

Oh…and the CIA run Opium traders of course.

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