When Two Plus Two = Five

[kentuck]

They are overcome by the outcome of our income. Anytime you spend more than you have coming in, you will end up in a deficit situation. This Administration cut taxes by a good percentge across the board, with the majority of benefits going to the most wealthy. Simple arithmetic tells us they would have less revenues coming in. Unless they cut spending, they are going to be in deficit spending for a long, long time. That means they would have to cut spending for defense and every other program to balance the gigantic loss of revenues. There would have to be 20 million plus new jobs created, just as in the Clinton Administration, for there to be a balanced budget, and that would be under the same tax rates as were in effect under Clinton. It ain't gonna happen. This is a big ol' fat pig in a poke...

[T Roosevelt]

1. We all know that, but...

their argument is "oh, if you cut taxes, revenues will increase". Unfortunately we know that not to be the case, but too many people in this country are mathematically challenged...

On edit: it's cool to be able to edit the subject line...

[kentuck]

2. In an imaginary world, where maybe 50 million new jobs were created...

that could be a possiblility. But that's an imaginary world. The Clinton Administration was able to create about 20million plus new jobs during a tech-growth era and there is nothing on the horizon to show we can expect any growth like that in the near future. The final decision will be that we will have to cut spending and increase taxes in order to get our fiscal house back to some semblance of sanity. ANd it is never easy to raise taxes after they have been cut...