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<blockquote data-quote="dmac1" data-source="post: 2350287" data-attributes="member: 60252">Taxcuts don&#039;t cause deficits, spending does. Are you math challenged? When the economy is growing, and tax revenues increasing, you can spend more every year without increasing the deficit. If you cut back on the tax revenue, you cause the deficit. If you are mentally up to it, you can look at a chart comparing tax rates with deficits, and since the Reagan tax cuts, and the Bush cuts, you will see a direct correlation. The higher tax rates almost forced investment, which increased employment, and allowed more spending by the gov, which furthered growth by spending on projects like the interstate highway system and the space program. Those programs employed tens of thousands in good paying jobs, with some of the money spent being directly returned by way of income taxes. You seem to think that the wealthy create demand simply by being rich, when the truth is that unless that wealth is directed into industry or expansion, buying a garage full of classic cars or building the biggest mansion does almost nothing for the economy at large.</blockquote>

[QUOTE="dmac1, post: 2350287, member: 60252"] Taxcuts don't cause deficits, spending does. Are you math challenged? When the economy is growing, and tax revenues increasing, you can spend more every year without increasing the deficit. If you cut back on the tax revenue, you cause the deficit. If you are mentally up to it, you can look at a chart comparing tax rates with deficits, and since the Reagan tax cuts, and the Bush cuts, you will see a direct correlation. The higher tax rates almost forced investment, which increased employment, and allowed more spending by the gov, which furthered growth by spending on projects like the interstate highway system and the space program. Those programs employed tens of thousands in good paying jobs, with some of the money spent being directly returned by way of income taxes. You seem to think that the wealthy create demand simply by being rich, when the truth is that unless that wealth is directed into industry or expansion, buying a garage full of classic cars or building the biggest mansion does almost nothing for the economy at large. [/QUOTE]

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