brainmcfarlane Wrote:
Nov 29, 2012 10:21 PM
Without ANY REAL SPENDING CUTS, increasing tax rates cannot possibly do any REAL reduction in the deficits . We are currently spending almost 25% of GDP, historically we collect 18.7% of GDP gardless what the tax rates are, and we have had anywhere from less than 5% to as high as over 70% in our history... doesn't it make sense to try and budget for about 18% of GDP ?