DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - This Isn't Deficit Control. It's Assault.

**OpVJokl8** · 02-18-2011, 09:53 AM

Revenues were 20% of GDP under Clinton, and that was because of the stock market boom. Realstically, Clinton-era tax rates would yield 18% of GDP. Spending is set at 25% of GDP. Can't tax your way out of this one. Spending cuts will have to provide the bulk of the savings unless you have an idea for collecting more taxes than we've ever collected before.

And $60 billion, that's nothing. Secondly, all domestic agencies got a huge boost from 2009-2010. All these cuts do is get them back to 2008. These are not draconian cuts, this is just ending the stimulus. Democrats lied to the public to convince them to support this new spending as strictly stimulus. It's time for liberals to show some integrity and join everyone else in forcing Democrats to keep their promises.

02-18-2011, 09:53 AM	#30
OpVJokl8 Join Date Oct 2005 Posts 391 Senior Member	Revenues were 20% of GDP under Clinton, and that was because of the stock market boom. Realstically, Clinton-era tax rates would yield 18% of GDP. Spending is set at 25% of GDP. Can't tax your way out of this one. Spending cuts will have to provide the bulk of the savings unless you have an idea for collecting more taxes than we've ever collected before. And $60 billion, that's nothing. Secondly, all domestic agencies got a huge boost from 2009-2010. All these cuts do is get them back to 2008. These are not draconian cuts, this is just ending the stimulus. Democrats lied to the public to convince them to support this new spending as strictly stimulus. It's time for liberals to show some integrity and join everyone else in forcing Democrats to keep their promises.
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