Quote:
Originally Posted by Villages Kahuna
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.
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You sure are a man of academic theories.
I said if you do not agree with the fact that increasing tax rates has a negative impact on revenues there is no point in debating with you.
You are obviously limiting your research by not learning the "laffer rule"
or reading J D foster or William W Beach and 100's of others.
I give up with debating you it is hopeless. See ya.