Talk of The Villages Florida - View Single Post - Is "Sooner" Really Going To Be Soon?
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Old 03-29-2010, 05:22 PM
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Default Yeah, I Disagree...Bigtime

Quote:
Originally Posted by cashman View Post
What is it that you do not get in the following statement:

Yes we need more revenue from federal taxes which we get by decreasing rates. Increasing rates reduces revenues. if you disagree with these facts say so and get this debate over with.
I absolutely and definitively disagree with your theory. This isn't even a debate, Cashman. In order to have a debate, you have to present some facts to support your argument.

Even the non-partisan Government Accounting Office estimated that in order for the federal budget to reach "no deficit" status, growth of our GDP would have to be greater than 10% for 75 years. The U.S. has not had year-over-year GDP growth exceeding 10% since 1976-77, and then only for one year.

Reducing tax rates absolutely will not have sufficient impact to create the kind of growth in GDP needed to increase tax revenues and balance the budget.

Why do you refuse to either study the numbers, or at least come up with some viable reference or thesis by someone more experienced and notable than yourself to support your theories? The old "cut taxes and everything will trickle down and fix the problem" hasn't worked for decades, and certainly can't work to resolve the amount of debt that we've accumulated--particularly "mandatory" debt payments.

Geez, do the numbers, wil you. And stop just repeating the economic theories presented by the least knowledgeable of the TV political entertainers.