Wednesday, June 13, 2007
Tax Cut Stimulated Economy Drives Federal Deficit Lower
According to this news release; Federal Deficit Sharply Lower, despite the spending on the war, earmarks and pork barrel spending the tax cuts initiated by Republicans have increased revenues to the Federal Government. The increase in economic expansion for business and lower unemployment have lowered the deficit 28.7 percent from the projected deficit. Just like John F. Kennedy, a Democrat, achieved incredible economic expansion during the 1960s with tax cuts it proves again if you let the American people keep more of their money the economy will surge and drive more revenues into the United States Treasury than higher taxes will.
Imagine what could be accomplished with controlled spending and a smaller Federal government. Oh wait! That used to be an idea that conservative Republicans embraced. Where are they now?
