>> Tax cuts can't directly cause deficits, only spending can. Spending money you don't have offsetting revenue for causes the deficit. Cutting taxes without cut

>> Tax cuts can't directly cause deficits, only spending can. Spending money you don't have offsetting revenue for causes the deficit. Cutting taxes without cutting spending is a problem. Tax revenue is not down, even with the tax cuts, but spending is growing much more quickly. That's a political debate. Economically, an entity needs to have equal inflow and outflow of money to be balanced. The govt needs enough revenue to offset its expenses (a lot of which is interest on debt taken years before, military and entitlements.) If you think about it, generations before partied hard on the credit card with low taxes && still getting social security, medicare etc. Today's generation gets to pick either low taxes or social security/medicare. Tomorrow's generation might not even have the choice.