Obama is criticizing Republican presidential candidates who were not willing to raise taxes in order to deal with high federal budget deficits.
How about spending less? I mean Jesus H Christ!!!! In my home budget, when I have a deficit... I spend less. I really don't know how hard that is to understand. You keep raising and raising taxes. You hurt production, therefor actually bring in less taxes. STOP SPENDING!!!
He's in campaign mode, he thinks if he mentions Reagan that Independents will run to him.
BTW, If JFK ran today with a lot of the views he had back in 1960 when he won? He'd lose the Democratic Primary.
True. And JFK cut taxes and believed it was the best way to stimulate the economy.
“It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now … Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.â€
“It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now … Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.â€
– John F. Kennedy, Nov. 20, 1962, president’s news conference
“Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased – not a reduced – flow of revenues to the federal government.â€
– John F. Kennedy, Jan. 17, 1963, annual budget message to the Congress, fiscal year 1964
