Feds Rake in Record $2.8 Trillion in Taxes

The left often pays lip service to fiscal conservatives and pretends to care about the national debt and deficit. While conservatives generally say that part of the solution is to cut spending, liberals say that we don’t have a spending problem; we have to raise taxes. In the first eleven months of fiscal year 2015, from October of 2014 through the end of August this year, the feds raked in a record $2.88 trillion. Yet, the feds still managed to run a huge deficit. CNS News reported: Despite Read more […]

Why Tax Breaks Aren’t Enough

Since the Reagan days, conservatives have regularly emphasized how beneficial tax breaks are for the economy. And don’t get me wrong, I’m all for cutting taxes. But what many people don’t get is that the beloved Reaganomics were heavily weighted toward deficit spending. You can’t reduce what you’re taking in and increase what you’re putting out without going into debt. Democrats are upset that Republicans recently cut tax revenues by about 300 billion dollars. That seems like a lot Read more […]