Dick Cheney once said " Reagan proved that deficits don't matter" But of course Reagan raised taxes during his administration, and raised the debt limit. The theory now is cut taxes so that way the government doesn't have too much money to spend. So cutting taxes increases revenue right!
Or is it cutting taxes decreases revenue, I am confused. If the economy is too good we have too much of the peoples money so let's cut taxes, and if the economy is bad we have to cut taxes also, well which is it, or is simply let's cut taxes because I don' know what it does, raise revenue or decrease revenue, but I know cutting taxes is the answer?
This theory of cutting taxes can't have it both ways. Bush said cut taxes we have too much of the peoples money because the economy was doing too well, so he cut taxes and now he hands off to Obama a 1.2 trillion debt, and Obama has not raised taxes and now we have a much larger debt.
But the answer from the tea party is cut taxes more because the economy is doing bad. I know I only have a BS degree in college so I will leave it up to Dr. Jim to explain which is it!