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"it's called an unfunded tax cut."<br> <br> -- Pick whatever words you want.<br> <br> "revenues did not rise to fill the hole made by the cut in taxes and spending did not go down."<br> <br> -- Are you not paying attention? Yes they did.<br> <br> "it's the same as borrowing money."<br> <br> -- Um. No.<br> <br> "without a greater increase in revenue through tax cuts stimulating the economy or an equal or greater cut in spending, you create debt and deficit when you cut taxes like Bush did."<br> <br> -- But we know that tax cuts DO stimulate the economy, even if you don't.<br> <br> "I understand your point about the treasury and "returning the money" but, this is about sound fiscal policy."<br> <br> -- To a Democrat this a no-brainer. Raising taxes is ALWAYS sound fiscal policy. <br> <br> "if you can't offset tax cuts with more revenue or less spending, you're borrowing money against the future to cut taxes today."<br> <br> -- Right.<br> <br> "and now we're really hosed because we NEED the govt to spend now so the hole just gets bigger."<br> <br> -- Your premise that we NEED the govt to spend more is false. We need to government to spend less. That way the private sector can spend more. <br> <br> The government is simply spending money that it took from private individuals, who would have otherwise either spent or invested the money themselves.<br> <br> it's a testament to one of many crappy situations Bush left undone.
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