DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - The Greater Than Great Depression Depression?

**Frierlovene** · 02-07-2006, 10:42 PM

Or we could raise taxes, and pay for spending that way.
There is no correlation between top tax rates and growth.
Deficit spending does provide an immediate stimulus but it's short lived, and no where near as effective as a balanced budget.
We could also cut things like the military, Grover Norquist believes that military spending can be cut by 70% without effecting our security, so there's a possible savings there.
Paying off the Debt, would reduce interest payments which will become the largest single item in the budget soon.
Higher taxes do work wonders.

02-07-2006, 10:42 PM	#11
Frierlovene Join Date Oct 2005 Posts 458 Senior Member	Or we could raise taxes, and pay for spending that way. There is no correlation between top tax rates and growth. Deficit spending does provide an immediate stimulus but it's short lived, and no where near as effective as a balanced budget. We could also cut things like the military, Grover Norquist believes that military spending can be cut by 70% without effecting our security, so there's a possible savings there. Paying off the Debt, would reduce interest payments which will become the largest single item in the budget soon. Higher taxes do work wonders.
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