Quote Originally Posted by elevatethis View Post
Say what? How is this sustainable long-term? I understand the government's need for taking on short-term debt to provide the infrastructure necessary for economic growth, but the government, like any business, entity, or individual, cannot spend more than it takes in. Period.

Want to clarify?

Look at what Regan did during his time in office, he lowered taxes on income, but increased spending and deregulated the free market. This spending ended up creating jobs, and brought foreign dollars into our economy. Additionally. As the people have more money to spend (see my post on the other page about a tax holiday), federal revenue actually increases because of the tax taken from sales and the additional dollars coming in from foreign buyers. So in the end, they are not spending more than they make.


FFWD some years.
Clinton then came in and set the goal to ballance the budget, and re regulate everything, He rode out two terms banking on the success from the Regan era (as did the other Bush), and by the taxes, and regulations, you saw the down turn in the Bush years.

One thing that the fed has forgotten is income tax revenue does not a good economy make.