Historically each $1 in higher taxes results in $1.17 of new spending. And all the tax increases since WWII haven't brought down the debt one red cent. Not one. Increasing taxes to cut the deficit will do just the opposite because Democrats will simply spend it and then some. It. Is. A. Historical. Fact. The problem isn't revenues. It's spending. But the tone deaf don't get that. Show me where, since WWII that the debt has come down even once no matter the tax increases:
Cuts need to be made and need to be made yesterday.
UPDATE: Related via Instapundit:
POLL: 57% of Americans Think Spending Cuts Will Help The Economy. Plus this: “Nearly 69 percent of taxpayers expect their taxes to go up in the next five years and 62 percent think Congress will spend tax increases on new programs instead of paying down debt.” Well, that’s certainly been the pattern.Yup.
UPDATE #2: Americans Want to Cut Spending: Q&A with Emily Ekins on new Reason Rupe Public Opinion Survey
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