posted on Oct, 2 2012 @ 03:50 PM
Yeah...no matter how I try to spin this around in my head, I just can't seem to make it work.
He says that they can lower taxes and balance the budget. Has anyone else looked at what the deficit actually is? So...what is going to be cut?
What taxes are going to be raised?
I'm def no economists, but there is something smelly in their "plans". I know if I am making say 3,000.00 a month but my monthly bills add up to
4,000.00 a month...lowering my income (revenue) by 20% is not going to work. I need to increase my income by 33% or cut my spending by 25%.
He says it is a revenue neutral plan. If you are running a huge deficit every year, you have two options...well...three. You can raise taxes. You
can cut spending...or you can do both.
They have this dream that this is going to "stimulate" businesses and that will increase the total volume of revenue...it hasn't worked before...why
is now different? Everyone is holding on to their money...I do not see scores of people lining up to start businesses and create jobs.
Bah....I'm fine with tax cuts...the more of my money I get to keep the more I like it...but their plan is goofy to me...in this market, I do not see
the "dream" working...not any time soon anyway...
And yes..."Trickle down economics"...a nice way of saying "P!ssing on my head and telling me it's raining"
edit on 10/2/2012 by Jeremiah65
because: (no reason given)