Whether or not you were informed, you are now. The result of the Bush tax cuts caused revenues to drop drastically as percentage of GDP. As they're still radically low. Why lie?
http://en.wikipedia.org/wiki/File:Impact_of_Bush_Tax_Cut_Extension.png
rowan volvo
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It's a bald-faced attempt frame the issue by mere assertion, tantamount to claiming one's inability to pay their bills is totally unrelated to the fact that they're working for minimum wage.
Conservatives seem to be unable to grasp the simple concept that when you reduce your income below your financial obligations that you end up with a deficit.
for the hard of reading:
TAX . CUTS . COST . MONEY *PERIOD* ain't no market fairy gonna bring it back to you either.
Anonymous
So, in your mind, drastic cuts in spending and a roll back of government bureaucracy would do nothing to affect the deficit. Is that it? In your mind, even if we spent nothing, we'd still have a deficit because we don't take enough from those who earn.
Interesting.
No, sorry, young man. There are two halves to every deficit. Spending and revenue. We're not saying you couldn't address the deficit by increasing revenue...which raising the tax rate would not do...we're saying you could do more to reduce the deficit by reducing spending. See? Costs and revenues. You want to raise costs AND revenues. We want to lower costs to meet revenues.
Sorry, young man, but the federal government spends FAR too much and FAR exceeds its authority. Time has come to reign it in.
smsmith500
As a result of the Bush tax cuts revenue to the treasury went up, problem is we didn't get the matching spending cuts. Wikipedia is not a reliable source. Your information is incorrect.
When you spend more than you have coming in you get a deficit, the answer is not to demand more money, but to make cuts in spending.
When you run a household budget you have to live within your income. How many people do you know that will go to their boss and tell him/her I overspent my pay, can you give me more money?
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You can't squeeze more money out of a dead or dying economy. We cannot raise taxes, that will just force more people on the streets.
There would be no revenue problem IF THE GOVT LIVED WITHIN IT'S MEANS.
Taxes are low because of high unemployment and underemployment which means less spending.
Less spending means less tax revenues and less new hires.
You must have missed the announcement that we are in a recession.
McNamara
Actually, according to the Treasury Department, federal revenues were up 40% in the three years following the Bush tax cuts. Our deficit is indeed a spending problem because our spending has been increasing much faster than revenues.
Get a clue.