Tech Support Forums - TechIMO.com - View Single Post - Studies Say Tax Cuts Now Will Bring Bigger Bill Later

MTAtech · September 23rd, 2003, 02:48 PM

Ok, if the problem is that we spend too much, where would you cut?

Of the $ 2 trillion we spend, the bulk is Defense, Social Security and Medicare and Interest on the debt. After that, there is only a couple of hundred billion left. The budget deficit is about $500B.

Actually, Reagan had to abandon his tax-cuts in his later years. In addition, most of the tax revenue increase was from payroll and SS taxes.
http://www.house.gov/apps/list/press...gan041601.html

September 23rd, 2003, 02:48 PM	#8 (permalink)
MTAtech Ultimate Member Join Date: Oct 2001 Location: Long Island, NY, USA Posts: 4,479	Ok, if the problem is that we spend too much, where would you cut? Of the $ 2 trillion we spend, the bulk is Defense, Social Security and Medicare and Interest on the debt. After that, there is only a couple of hundred billion left. The budget deficit is about $500B. Actually, Reagan had to abandon his tax-cuts in his later years. In addition, most of the tax revenue increase was from payroll and SS taxes. http://www.house.gov/apps/list/press...gan041601.html __________________ "Those who can make you believe absurdities can make you commit atrocities" - Voltaire Last edited by MTAtech : September 23rd, 2003 at 02:54 PM.