Cutting taxes and Cutting Spending

I will first attack the cons examples then introduce reasons why cutting taxes and spending is good...1) Tax cuts did not cause the Great Depression.... The Great Depression came about due to a breakdown in overseas trade, overproduction of goods, breakdown of WWI payments between countries, banks handing out loans to everyone with no regards to their credit or if they would be able to pay off such loans, and most importantly of all a reckless tactic of investing in the stock market by millions of investors causing the stock market to fluctuate drastically until the point where the stocks costing people fortunes....http://americanhistory.about.com...2) The US began to recover from the great depression from massive government intervention by FDR. When hoover increased taxes throughout his presidency, average wages did not follow suit. This means that as the Great Depression unfolded in Hoover's lap, millions of Americans were under an even harder financial burden due to tax hikes. The tax hikes also doubled with inflation to cause many Americans beforehand to be unable to even buy bread.... Tax hikes did not end the depression, it made it far worse. http://www.cato.org...(right from the link)Conclusion"The tax increases of the 1930s coincided with large deficits and economic stagnation. While the monetary and trade policy mistakes of the 1930s are now widely understood, the tax policy mistakes are less appreciated. As Congress grapples with today’s budget deficit and mediocre economic growth, it should look to the tax cuts of the 1920s for inspiration rather than the failed “budget balancing with high taxes” approach of the 1930s."This study is basically stating and analyzing how tax CUTS would have healed the Great Depression better than tax HIKES3) This is the silliest argument Ive ever seen. The reason we are in an economic crisis today is not because Bush wanted to cut taxes by 3%, its because following 9/11 a massive initiative against terrorism resulted in two very bloody, prolonged, and costly wars that put a hell of a strain on America's budget and caused the national debt to mushroom outwards. While that was happening a Global Financial Crisis erupted as a result of overproduction of goods, historic inflation, and this time the prime culprit was a housing bubble that once it burst started to cause many financial systems and institutions to completely collapse. Tax cuts didnt get us to where we are today, it was everything but. 4) It is pretty true that cutting spending can cost jobs, however the loss of jobs may not drastically affect the debt that the Con thinks it will. Those who lose jobs may find other jobs, jobs are created every month so by the end of every fiscal year the impact of spending cuts would grow steadily softer. That means as the months time the alleged revenue in taxes lost grows smaller since jobs are created, people get hired, and now have a taxable salary. So to summarize, while cutting spending does cost jobs, it immediately reduces the deficit while the taxable incomes lost by the loss of jobs decreases month to month soo that given enough time the economy could produce enough new jobs to absorb all of these employees allowing tax revenue to continue while spending is directly reduced and the deficit a chance to grow smaller. Also there is a very fatal error that the Con has overlooked, Let me explain as simply as i can, Raising taxes (what con wants) ->more money for the government to use (what the government wants)More money -> Will the government use it to pay off debt or to spend it on new things? (Wars, Defense, etc)Pay off debt or increase spending? -> Usually results in government spending income instead of paying off debtRaising taxes does not guarantee the deficit will be reduced if the government spends that extra cash on programs rather than paying off its debt.... ===========================================================================Ill give a few points regarding why lower taxes and lower spending are good...Spending should be cut because1) Spending is getting out of hand....The US in 2010 spent as much money in a single year (3.5 trillion) as it did in its first 198 YEARS OF EXISTENCEhttp://www.usgovernmentdebt.us...(chart is towards bottom)The spending by the government is getting completely out of hand, causing the national debt to only skyrocket, but rather than cutting uncontrolled debt, the Con thinks that spending should CONTINUE to increase and rely completely on raising taxes to pay off the debt. But as I showed before even if we do balance the budget and make a profit, the government might not use the spare money to fight the deficit, it may blow it all on new programs or say another war. 2) Tax revenue cannot keep up with spending. Currently, the rises in spending are outpacing the rises in tax revenue causing the national debt to continue to soar upwards here in the near future. If we simply allowed spending to continue to mushroom and focus exclusively on raising taxes to compete with spending, then we are looking at a dismal future, look at the chart below showing tax revenue and spending that we would have to DOUBLE taxes to offset spending and have enough left over to put a dent in the national debt... 3) Cutting taxesIf you cut taxes, that gives the US population more money to spend. More spending money for the middle and lower classes means more consumption of goods, which is great for businesses. That allows them to make more money causing expansion, which makes more jobs or higher wages, you can see where im going with this right? lower taxes = healthier economy since people spend more when they get mroe money (LIKE THE GOVERNMET!)I got 2,000 characters left, but ill end here since ive made my point for this round.....