Quote:
Originally Posted by Fionn mac Cumh
It adds to the debt. Both parties refuse to cut spending at all. How is that not at the expense of the majority?
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Are taxes raised on the majority? In fact, haven't taxes also been cut for the middle class? The answer to the first is no, and the answer to the second is yes.
Spending is what adds to the deficit, not cutting taxes.
The reason the deficit increased under Reagan is because of the increased amount of spending -- education, defense, farm and foreign aid etc. Liberals like to point to his tax cuts, but if Reagan had cut taxes and not doubled the spending on education, not increased foreign aid by $12 billion, not had a 140% increase in farm aid -- the spending is what caused the Reagan deficits, not his tax cuts.
The reason the deficit increased under GWB is due to the same -- Medicare prescription drug expansion, defense, wars. Also, especially towards the end of his presidency, the recession caused a large increase in the debt.
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