Quote:not at all...I'm just saying that the American people will spend any "extra money" they get... 

 

this is the part of your post I was responding to

 

will it increase the debt? with nothing to offset the loss in tax money not collected from paychecks yes it will...you cant subtract more money from an account that's already having insufficient funds without going deeper in debt

 

We are going to have to agree to disagree here. You basically proved the point of my post with the bold quote above.

 

If someone is already in personal debt before being taxed less and having an additional $8,000 in their pocket annually, then you would hope they would use that to pay down their debt. Other responsible citizens not in debt will do exactly what you said. Extra spending = booming economy.

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