No, I never made the claim it can only be done by doing both. Both are required to more rapidly reduce the debt. Have you ever looked at the cost to service the debt? Imagine the tax cut we could accomplish without that wasted expense.<quoted text>
That is what I said.
You claim it can only be done by raising taxes and cutting spending.
I say that it can be done without raising taxes and solely cutting spending.
I also say it can be done by lowering taxes.
Lowering taxes spurs economic growth across the board.
Which is larger?
75% of $10, or 15% of $1,000?
Iím willing to pay more if itís used for reducing the debt and the government cuts spending. I pay a lot now and would gladly pay more if itís used properly.
Using $10 and $1,000 you are assuming 9,990% increase in taxable income. Very unlikely. Reducing the tax rate to obtain a greater tax base does work; you reach a point of diminishing returns though. I believe weíre already at the point of diminishing returns. Your numbers are nothing more than fantasy.