“ They do not."—Alan Greenspan - Giving his opinion on if tax cuts “pay for themselves”
End of story. Republican talking point DEAD.
Thanks for being 10 years late on this one, Alan.
Tuesday, August 03, 2010
Greenspan: Tax Cuts Do NOT Pay For Themselves
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4 comments:
He did not even give any facts to back up his statement. Also he is saying that tax cuts cannot pay for themselves with "borrowed money." So how about we cut spending AND lower taxes. I bet Greenspan would be an advocate for that.
Good point. Cutting spending will never happen unless people can handle cutting defense spending. I could deal with that, but most people would reflectively see this as weakness, so politicians avoid it.
The population is growing. More people are older and living longer. Instead of ignoring these facts, just live with the current tax codes and have them pay for all the programs that people really need.
I agree with you. People need to realize that to get out of this mess, American's are going to have to DEAL with it. As in, it might suck ass for awhile, but at least we wont become a socialist/communist nation.
No doubt that the population is getting older, and that once they hit that age, they stop paying into their benefits and start receiving them. Adding on to what I said earlier, maybe we should make the age for which people start receiving their benefits until they are older. did you know that when medicare was established it was based on the average age for which people died? If this were still the case then medicare and other benefits should be moved back another 10 years or so right?
Cutting services or pushing back the age when they start all answers if you still want to cut taxes for the top 1%.
Simply put, if you let the top tax rate go back to what it was before Bush, through Reconciliation, lowered them, all these programs would be paid for without changing a thing.
Why 99% of America has to take less at an older age so the top 1% can enjoy a 3% tax cut [36% v 39%] is beyond me.
This is rhetorical, but when you look at poor people do you think they have too much and when you look at rich people do you think they don't have enough?
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