Toro
Diamond Member
WE cannot balance the budget without both raising taxes and reducing spending, folks.
To attempt to do it without doing some of BOTH would destroy this nation.
When is the last time Congress raised revenues by raising taxes and didn't see that as license to increase spending? That is the fallacy in your statement. A balanced budget that does not include spending cuts only means higher and higher taxes for all of us and huge growth of the misery index. So lets get the spending cuts first and the balanced budget. Then we can carefully ease into increased revenues if that should be necessary. (I suspect I won't be.)
Both Bill Clinton and George HW Bush raised taxes in the late 80s and early 90s, and spending to GDP fell. George W Bush cut taxes and spending to GDP rose.