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Wal-Mart the ugly...handing out raises FDX next?
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<blockquote data-quote="Fred&#039;s Myth" data-source="post: 3310927" data-attributes="member: 55587"><p>"Deficits aren't an accident; they don't happen due to a sudden shortfall in revenue or a series of unexpected expenses. Increased government spending is what causes the deficit to grow, not tax rate cuts. As a matter of fact, the opposite is true. History shows us that reducing marginal tax rate leads to greater economic expansion and more tax revenue. Further proof of Leonhardt's (<em>New York Times</em>, David Leonhardt) faulty reasoning is provided by the fact that while there have been no tax cuts in the last 8 years, only tax increases, government debt grew by nearly 10 trillion dollars. Tax cuts did not produce the 10 trillion dollars of additional debt. <em>Deficit spending plans</em> were the culprit."</p><p><a href="https://www.realclearmarkets.com/articles/2017/11/27/if_tax_cuts_cause_deficits_how_do_the_left_explain_last_eight_years_103005.html" target="_blank">If Tax Cuts Cause "Deficits," How Does The Left Explain the Obama Years? | RealClearMarkets</a></p></blockquote><p></p>
[QUOTE="Fred's Myth, post: 3310927, member: 55587"] "Deficits aren't an accident; they don't happen due to a sudden shortfall in revenue or a series of unexpected expenses. Increased government spending is what causes the deficit to grow, not tax rate cuts. As a matter of fact, the opposite is true. History shows us that reducing marginal tax rate leads to greater economic expansion and more tax revenue. Further proof of Leonhardt's ([I]New York Times[/I], David Leonhardt) faulty reasoning is provided by the fact that while there have been no tax cuts in the last 8 years, only tax increases, government debt grew by nearly 10 trillion dollars. Tax cuts did not produce the 10 trillion dollars of additional debt. [I]Deficit spending plans[/I] were the culprit." [URL="https://www.realclearmarkets.com/articles/2017/11/27/if_tax_cuts_cause_deficits_how_do_the_left_explain_last_eight_years_103005.html"]If Tax Cuts Cause "Deficits," How Does The Left Explain the Obama Years? | RealClearMarkets[/URL] [/QUOTE]
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