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Reply to "Recommended Book on GDP and Government Debt for dummies"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You cannot add to the national debt by tax cuts. [/quote] Reducing income creates a deficit. If you don't understand that, you are unqualified to even be speaking on the subject.[/quote] Oy. See this kind of talk is above my head. -OP[/quote] Is this parody? Say your household makes $150k and you have expenses of $120k a year. Now you accept a pay cut that takes your household income down to $60k a year. For federal government, that is what a tax cut represents. And somehow you don't think that isn't going to put you in debt? You don't even need to understand complex economic theory, it's basic addition and subtraction.[/quote] Say liberals and progressives decide the government is going to do a bunch of things it is not chartered to do....[/quote]
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