Quote:
Originally Posted by Tyrone Slothrop
They want to cut taxes in a big way, and cut spending in a small way, which will lead to bigger deficits. Under Paygo, they can't do this. Under Cutgo, they can.
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They're not adding tax cuts, however. Those tax cuts are already in place. There's no explosion. There's continuation of the status quo.
And by the way, the deficit goes up either way. Kick in the tax increases and you'll see damage to the economy (pullbacks in spending and their attendant effects). Tax revenues will drop, and the deficit goes up anyway.
Can't tax your way out of a hole (and don't tell me Clinton did it... Clinton was gifted with a once in a lifetime transformative technology that created a boom that grew the US out of the early 90s economic malaise). The only way out is to grow.
...Good luck to us on that.
