But with the greedy rich people getting the lions share of said tax breaks and less regulation, they are not creating the jobs that are promised.
The top earners, the CEO's etc, have seen their salaries increase 400 times as much as the guy working his butt off out on the shop floor.
Exxon-Mobil is second on the list of companies earning the most money. Does giving them all the tax breaks they get and deregulation of the industry help the economy any? They are still posting $ billions in profits every 3 months yet people can't afford to drive to work. How is that suposed to get the economy going?
Yes, we need to cut spending. Cuts in SS and Medicare should only be done to erase the amount of fraud that goes on. Instead of cutting SS to make it last, keep the bastards in Washington from dipping into the SS trust fund to pay for their pork barrel spending. Getting rid of the cap on SS taxes will also make SS solvent into the next millenium.
We need to cut military spending. This country spends more on military than all the rest of the world combined, yet a bunch of poor ragheads in the desert are kicking our superior butts. For what? So this country can go broke and claim to be safe from the very terrorists we are losing to in the desert.
When you are going broke at home, you don't go to your boss and say; "Hey boss, I'm going broke and have to find ways to cut my budget, so I need you to cut my pay so I can owe more money to the foreign banks."
Cutting taxes in a time of fiscal crises is not the way to fix anything.
Even a 1st grader can figure out that math.