How do Republicans intend to pay off our massive debt when our nation's tax revenues are so low to begin with?

Question

I keep hearing McCain complain that Barrack will raise ALL our taxes, but I don't hear anything about how he plans on reducing our nation's staggering amount of debt in his first 4 years of office.

From my understanding of taxes and tax revenue, the higher our taxes are, the more revenue they generate--the quicker our deficits go down in the long run.

I mean, Clinton raised taxes and we had one of the most prosperous years that I could recall. Where was the complaints then from the opposition that the higher taxes were hurting them in the pocketbook?

All I hear *now* is how higher taxes are BAD, but nobody seems to have any concrete plan on how to reduce our overall deficits.

But the way Bush has been spending our tax monies like a drunken sailor, is it ever a small wonder *why* we are in such a pickle right now?

Answer 1

Tax revenues have been setting records since Bush's tax rate cuts. You don't live in the real world. Educate yourself by researching how throughout history when tax rates have been cut revenues increase. I agree that we should cut spending, but Pelosi's congress is setting records for earmark spending, so for you to blame Bush is laughable.

Answer 2

wat obama is doin is taking all the harmoney the wealthy got by working hard and giving it to ppl who didnt grow up in good  neighborhoods or just didnt want to try now either way it doesnt matter because americans are equal leroy butler from the green bay packers didnt get a new shirt till he was 10 and he had a leg disorder where the doctor told him he most likely couldnt walk but he kept tryin and he got out if he can anyone can

one more way  u may want look at is like this ur a straight A student ur teacher goes o well how bout you and this d student mix grades that way u both have average grades ur teacher wood be obama

Answer 3

Mondale said it best more than two decades ago when the Republicans came up with "borrow and spend" as a fiscal policy:

Q:  "How do you lower taxes, increase military spending, and reduce the national debt?"

A:  "It's done with mirrors."