If you want to lower the deficit...

[tw]

Originally Posted by Undertoad

This is one reason why, in many economic conditions, decreased tax rates lead to higher tax revenues.

So why did Clinton fix the economy by doing the opposite?

Every dollar in tax cuts results in about $0.70 in economic improvement. The only thing that creates long term economic growth is balanced budgets. Diminished short term growth and increased long term growth.

After a decade of George Jr tax cuts, what did we get? The worst recession since 1929. To keep his ponzi scheme working, George Jr had to keep implementing tax cuts and other welfare to the rich. Just like the Kennedy tax cuts, we end up paying for it massively four and more years later. Tax cuts are nothing more than another ponzi scheme - a money game.

We must know pay for all those George Jr 'welfare to the rich' programs. That means diminished growth to pay for so many lies in the 2000's - including "Mission Accomplished". The only monetary policy that creates economic growth is responsible fiscal policies. Nothing else. Tax cuts are another myth that money games can fix the economy.