Deficit is 3% of GDP at top of economic cycle
Posted on: July 20, 2016 at 17:22:37 CT
Knucklehead MU
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Don't see a need for large tax cuts when we have a deficit equal to 3% of GDP with the current tax levels.
While I support large cuts in defense spending. I don't see them happening as our political system is dominated by war mongers. So any tax cuts would increase deficits and reduce our fiscal flexibility to response to another recession.
Edited by Knucklehead at 17:24:06 on 07/20/16