Greenspan

Greenspan-US economy sound, spending curbs needed - Mar. 2, 2005: "'However, tax increases of sufficient dimension to deal with our looming fiscal problems arguably pose significant risks to economic growth and the revenue base.

I hate it when people who know better act like nobody can tell they are lying. Asshole, current revenues are 16.3% of GDP. If we just rolled back the taxes cuts such that we were at 18%, which is still lower than we were at during some of the Reagan years AND lower than the level for most of Clinton's presidency, the Deficit would be roughly half and we wouldn't be having any major funding crisis. You remember the Clinton years right? Higher Tax Rates and yet we still had good growth.

'The exact magnitude of such risks is very difficult to estimate, but, in my judgment, they are sufficiently worrisome to warrant aiming, if at all possible, to close the fiscal gap primarily, if not wholly, from the outlay side,' he added."

And you know Alan, because you can do simple math, that if we cut every single cent of nondefense discretionary spending, we STILL have a deficit. Heritage knows this

President Bush’s 2005 budget request takes a first step by proposing freezes or near-freezes in most non-defense discretionary programs. However, these programs represent less than one-fifth of federal spending, and cannot provide sufficient savings to close a $500 billion deficit.

Goes to show you can NEVER trust a Randite.