Quote:If you keep reading he says that tax cuts from 70% to 35% did create an economic boom but required using debt to fund liabilities when the revenue was drastically reduced. His argument isn't that cutting taxes doesn't stimulate the economy it's that we can't cut the top bracket 60% when the current rate is 39% it would damage the revenue to much and require more dependency on a deficit. 

 

I've long argued we don't have an income problem as a nation we have a spending problem. We can cut or raise taxes all day long, until we figure out how not to spend as much it won't make a damn bit of difference. That means less spending on the military, less on social programs, less on welfare, less on government employees, less on everything.