Yes and the best kind of stumulus. Letting people keep more of the money they earn so they can decide how and where it's spent.
Tax cuts don't cause the debt...nor do they prevent the government from paying it off. That's typical Liberal tripe.
OUt of control spending of other people's money and an unwillingness to put actual meaningful reform and cuts into the bloated social welfare programs run by the Fed are a large part of the problem.
Name one welfare program or aid program that has EVER been cut.
Yes. You're misguided.
Income = Revenue - Expenses
Assets = Liabilities + Owners Equity
Taxes are Revenue, Spending are expenses
I'd prefer to focus on capital expenditures in the government. Power plants, Roads, Bridges, Schools, Milatary Equipment, maintaining national parks etc.
Transfer payments are a problem, I will agree there.
With all this talk of capitalism and socialism the very notion of a democratic republic is socialist in nature. Shared assets controlled by elected representatives.
There is also a capitalist component to our way of life in the form of private ownership.
However we are mix of socialism and capitalism the argument is how much of a mix we should be. I think the answer is in the US Constitution and the State Constitutions.
A court system everyone has access to, is a socialist endeavor as is a Military that protects the country as a whole.
I'm very socialist about the Military. I want that controlled by elected representatives and not private forces.
I'm very capitalist about my Grocery store.
I look at the country from an accounting perspective. I'm sure a lawyer looks at it from a legal perspective.