[quote=SD Realtor]SK the point you made is the same point I am trying to make. Nothing is static. Not economic performance and not demographics. So you cannot keep doing the same thing as those variables change. Spending habits need to adjust as those same demographics and economic performance changes.[/quote]
And since tax revenues (as a percentage of GDP) — and tax rates — are at historic lows, wouldn’t it be a good idea to reevaluate those, too? Clearly, low taxes have not spurred growth, contrary to all the nonsense spewed by the supply-side proselytizers.
