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Comment: Same Argument... (Score 1) 2115

by raymorphic (#37453542) Attached to: White House Proposes "Wealthy Tax"

New taxes by itself rarely reduced the debt. Why? It just gives the Congress another excuse to spent the surplus for 'bridge-to-nowhere' projects.

Cuttting spedning, taxes, AND regulations is the way to go.

It's how you reduced the deficits and boost economic growth.

If they cannot get their spending acts together, new revenue streams will rarely help in the long term.

Things are not as simple as they seems at first. - Edward Thorp

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