[quote=faterikcartman][quote=patb]”US Dollar is doomed- there is no way we can meet all our spending obligations ”
Nonsense.
Run the NYTimes budget simulator, roll back the Bush Cuts, fix the militar spending, invest a bit in America and roll.[/quote]
I don’t think the record speaks well for the concept that increasing taxes automatically leads to greater returns.
Maybe China will agree to cover our national defence so we can afford more European style socialism? Or maybe the Muslims?[/quote]
Are you sure about that?
There is no evidence whatsoever that tax cuts increase tax collections. Almost always, tax cuts have seen tax collections fall in the following years; tax hikes have seen tax collections rise in the following years. Which is about what you would expect!
Some would argue that debt/deficit growth (often growing under Republican administrations) is more responsible for increases in tax revenue than tax cuts:
