Talk of The Villages Florida - View Single Post - How to pay for all this new debt
Thread: How to pay for all this new debt
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Old 04-10-2020, 05:37 PM
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blueash blueash is offline
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Originally Posted by Number 10 GI View Post
How many times does it have to happen before you realize that when taxes are raised the congress spends it not to reduce the deficit but for pork projects and vote buying? Where have you "more tax" people been living, under a rock? For years now the congress keeps raising the debt ceiling and the "more tax" people clamor for more taxes to lower the national debt that never happens. When it gets to the point where taxes eat up all your income leaving you with an existence wage will you finally realize you have been fooled?
As was shown above, there were 4 years of surpluses at the end of the Clinton years. The deficit returned not because of increased spending but rather because of decreased tax revenue in 2001-2002.