Once again we seem to simply ignore recent mistakes and realities. Ronald Reagan promised that tax cuts would spur economic growth. It didn’t work and he had to raise taxes and still had a significant deficit when he left office.
Bill Clinton raised taxes in 1993 and revenues increased significantly & the federal budget experienced four years of surplus.
George W. Bush reverted to a $1.65 trillion in tax cuts principally directed to the richest Americans and by 2009 shortly before Barack Obama took office, the CBO projected a budget deficit of $1 trillion for that year alone. The combination of not paying for the tax cuts, not paying for two wars , creating a Medicare Plus prescription program without funds and Wall Street excesses, all contributed to our current deficit.
Courts for PTSD-affected veterans passes Senate
