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Re: SSI under Obama= Welfare?
And the ten trillion in debt is a result of the increased revenues?
Don't tell me, it's from spending too much.
That "little dip" in revenues added trillions to the deficit, and yeah, we take in more in taxes now, we would have taken in even more if we left the taxes in place, and we wouldn't have the huge debt we find ourselves burdened with today.
The fact is, revenues will always go up over time, because of growth and inflation. Tax Revenue went up when Reagan raised taxes, tax revenue went up when Papa Bush raised taxes, tax revenue went up when Clinton raised taxes.
Taxes don't really matter that much, that's what all this shows, the economy goes up and down, regardless of tax policy.
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“ The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.”
Adam Smith , The Wealth of Nations 1776
"We have always known that heedless self-interest was bad morals; we know now that it is bad economics"
FDR's second Inaugural Address
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