Well, the premise is interesting: that the function of a thriving economy is to maximize government revenue. Personally, I would rather see the primary goal of our policies as maximizing real economic growth. I like the idea of "great for business, great for people." That we are not in worse deficits than we are is solely due to the enormous increase in GDP over the past decades.
However, keeping to the point, the fact is that revenues went up with recent tax cuts, implying that we were already on the wrong side of the Laffer Curve. I do have to admit, it's nice to see liberals finally willing to recognize that there IS a Laffer Curve.
I submit that the Federal government could be half the size it is now and still perform its important functions. It was half the size it is now in 1988. Somehow, we got by.
Cut spending. A lot.
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Maximizing revenue
The whole thread (39 posts)
- U.S. credit rating in danger
- Obama's view of raising the debt ceiling.
- Jesee Christee, WTF?
- Re: danger
- Re: insight
- And now for some true insight into the GOP mentality
- Re: Oh there's a good argument
- It's the spending.
- Busness as usual
- Show me the word "taxes" in my post. (n/t)
- The only rational response to anything is to cut taxes, don't you know?
- *Contented sigh*
- Oh there's a good argument
- Meanwhile, out here in my alternate reality...
- No danger