More Proof that tax cuts do work
As I think back, I remember in the beginning (of this blog), there were many post on taxes. Why we believe in little or no taxes (hehehe), and their effects on us as citizens of this country. Well, the new numbers are out and the conservative way has won out on this one. I have long believed that the way to a stronger country is more economic freedoms. And that begins with people whom have more of their money to spend with others whom have more money to spend and so on. The Bush economic team has won the the day on the Tax front. There is no question about that. Now is the time to make these tax cuts permanent. No matter what else happens, if our economy is strong, we will still come out on top.But with tax cuts come another problem. Spending. In our household , can we out spend what we bring in? Well with credit, I guess your can but do you. And if you do, how long do you think you can get away with it. If you are a politician in Washington the answer is forever. This new breed of Conservative scares me. Though I give a lot of credit to Republicans for the tax cuts. I was puzzled by the spending during the first term of Bush. It almost seemed as if he had Reagan on one shoulder, and Tip O'Neill (with pitchfork in hand) on another, and he was trying to find that middle ground. I have not been watching much of the Washington based news since the election, so I am not sure of the state of our nations spending spree. I have been told that the open purse of the American tax payer is closing a little. I hope all of this is true. After all, Reganomics was not just tax cuts, it also called for spending cuts.Thanks to everyone for reading. And to Rob for his comment.
John Oliver Benton III
John Oliver Benton III
1 Comments:
Wow, we truly agree on something. I don't fully believe in the tax cuts so much as I firmly believe the government must control spending. Right now, the mega spending is being financed mostly by China and Middle Eastern countries through our record $700-$800 billion annual trade deficit and the $2.5 trillion in new debt Bush and this Congress have issued. It is obscene.
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