DarkSteven -> RE: Why do republicans want to undertax America? (9/11/2011 5:48:41 AM)
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ORIGINAL: joether quote:
ORIGINAL: DarkSteven fargle, it's simple. Money is held by some entity. Those supporting lower taxes want that entity to be the private sector. Those supporting more taxes want that entity to be the public sector. Taxes do nothing more than transfer money from the private sector to the public sector. However, the country is running a steep deficit. By raising those taxes, the deficit is reduced. Hopefully reduced enough to create a surplus. And with hope after that, apply said surplus directly towards the principle on the debt, so that future interest will not have to be paid (thus saving us a few trillion over the life of the debt). Its all a matter of mathematics. Now, we can bitch and moan about raising those taxes for a while. And when we finally decided to 'deal with the problem', we'll end up paying even MORE in taxes to combat the problem. So, we can either deal with the issue now, raise the taxes and not feel so much long term pain....OR.....we can be masochistic with our collective head up our asses for a while and end up paying MORE....LATER! Your a reasonable person, Steven. Which of those two sounds like the lesser of two evils? I didn't vote for Mr. Bush, or agreed to invade Iraq. Two events that largely helped create the economic problem(s) we are in. But yet, I'll have to pay for the debt that was run up. I think I'm well within my right as an American to demand conservatives hold themselves, and their elected officals to the same level of accountibility and responsibility as they slam liberals & Democrats on a daily basis. And they silly to think they are truely 'fiscal conservative'. Joe, I agree with you except for one thing. While we need to pay off the damage incurred by previous overspending, I want to make sure that spending is held in check in the future. The GOP's attitude of "Deficits don't matter" has actually been quietly adopted by the Dems, who don't want to be the party to break the bad news that spending cannot continue indefinitely. The GOP has had a very weird schizo nature. They gave lip service to the fiscal conservative heritage they used to have, by correctly stating that there was a price to pay on spending they were opposed to. Then they blocked tax cuts by claiming that the Laffer curve proved that the economy, once properly stimulated by tax cuts, would respond with such vigor that the resultant revenue would overcompensate for the cuts. Congress is being dragged kicking and screaming into a world in which spending needs to be justified, and it's traumatic for them (and us) to get to fiscal reality, where every single US household has always been living.
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