Hawkery
It’s true that deficit hawks could seriously F our C (that’s for you, EZ-E!) if they curtail spending during this very unsettled time for the economy.
But don’t people realize that the next logical step after cutting spending would be cutting taxes, which in turn (especially if the corporate tax were lowered) would allow more job creation? No negative multiplier effect if you do this right.
If you want, we could even provide increased tax credits to end our fossil fuels addiction! Maybe then I could really power my Christmas lights with solar energy.
Lower tax percentages generally produce higher tax revenue, so – while individual take-home income would increase – the deficit would be reduced even while scaling down spending and tax rates.
We spend all this time talking about the complexity of economics, and then all arguments are reduced to a single simple sentence with no consideration of the next step.
Bah.