Basics of Budgetting.
True or False... When Reagan was elected, the top merginal rate was 70%+ and when he left it was 23% and the government revenue was double.
Repugs know something that is lost on most Americans for some odd reason. The principle is this: If you spend more than you earn, you are not fiscally responsible. Note: It does not matter how much you earn. If I earn $400 this week, and spend $500... I am being irresponsible. If I double my income to $800 next week, but spend $900... I am *still* irresponsible.
Government is the same. People like you, and most democrats, keep looking at taxes, the income side, to balance the budget. This is an irresponsible method. You don't go buy a $50k sports car, then go to your job and tell them they have to increase your wage to pay for what you bought.
Point being, it does not make the slightest difference how much is taxed, when the government consistently over spends.
Consider: $2.662 Trillion is how much the government brought in '08.
The Government spent $2.902 Trillion.
Only $717~ Billion went to the constitutional duty to protect the nation. Let's toss in $100 Billion for funding governmental agencies and DOT and such.
So after spending $817 Billion to cover the constitutional duties given to the federal government, they raised $1.845 Trillion extra from taxes. Yet... they managed to spend all of that and $239 Billion more causing a deficit.
So what good is raising taxes when they consistently over spend how much comes in on a yearly basis? In fact give me one logical reason why government needs more of my money anyway? They already covered their constitutionally given duties in the first $817 Billion. Why do they need more? Our nation is going into debt over things the Feds are not supposed to be funding to begin with!
This is why repugs are always hyping tax cuts. They consistently blow our money on a yearly basis. So let's stop giving them our money to blow. 