Tuesday, November 28, 2017

Tax Cuts, Deficits, and Debt

I have a mansion, forget the price
Ain't never been there, they tell me it's nice
I live in hotels, tear out the walls
I have accountants pay for it all
--Joe Walsh

Tax cuts do not cause deficits and debt. Deficits are caused by spending beyond one's means. Resources must be borrowed to make up the difference.

To reduce deficits and debt, get rid of the cause.

Cut spending.

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