Quote:
Originally posted by sgtclub
My real fight is whether taxes cuts or overspending is the culprit, though I am not opposed to MODEST deficit spending due to the very challenging times we have faced over the last 3 years (9/11, collapse of the capital markets, recession, etc.).
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I'm not opposed to modest deficit spending in those times either -- but an order of magnitude less than what we've seen.
I just don't understand how you can so firmly insist that the sole cause of deficits is increased spending, not decreased revenues from tax cuts. The figures that Burger and I cited demonstrate quite clearly that this is not the case, as does the experience of the only administration to achieve a budget surplus in recent decades.
