Deficit Doesnt Matter News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Grow because such lost tax revenue is completely recovered. in other words, they're not paid for. in 2006, bush's treasury secretary hank paulson said as a general rule, i don't believe tax cuts pay for themselves. in 2007, bush's former chief economist wrote to people in the administration. quote, you are smart people. you know that the tax cut have not fueled record revenues. you may not care that tax cuts add to the deficit. you may think the deficit doesn't matter. you may think reducing tax rates on rich people is so important that the whole country should take on debt in order to pay for...

Tax cuts pay for themselves. in 2007, bush's former chief economist wrote to people in the administration. quote, you are smart people. you know that the tax cut have not fueled record revenues. you may not care that tax cuts add to the deficit. you may think the deficit doesn't matter. you may think reducing tax rates on rich people is so important that the whole country should take on debt in order to pay for that. the idea that tax cuts are going to magically not affect the deficit. the whole idea, the tax fairy is going to come in and make giant taxes cuts not balloon the deficit. the argu...

We arean over -- >> we're fine. >> bob, we are done. >> bob, at least carter tried. at least jimmy carter tried. >> oh, my gosh! have wed. got to that point! >> i w don't think we are broke> i do think there is going to be a deal and it's going to bring enough money in to get us below -- going to see the deficit start to fall and then it will go back up. we spend all this time thinking about the deficit. we can handle a definite sit like i this. we'll be fine. >> okay. but with that logic, bob, if the deficit doesn't matter, then why do we have to raise taxes? we don't need revenue or as they ...