Economists explain lower deficit and public debt

They really shouldn't lower taxes all across the board... if anything, they should follow what the group Dveri said, to have a progressive tax system. Because... if you don't have revenue from taxes, then you will have less income and hence more debt. Just imagine all the money that the US lost over the years as they reduced their tax for the richest of the rich from 95% (for those making over a certain amount of money) to down to about 30ish percent nowadays. This drive to lower taxes has not been good - indeed the quality of life has gone down in america, with a brief hickup in the 1990s due to the credit boom...
...and our people in power do not learn from others mistakes...

They really shouldn't lower taxes all across the board... if anything, they should follow what the group Dveri said, to have a progressive tax system. Because... if you don't have revenue from taxes, then you will have less income and hence more debt. Just imagine all the money that the US lost over the years as they reduced their tax for the richest of the rich from 95% (for those making over a certain amount of money) to down to about 30ish percent nowadays. This drive to lower taxes has not been good - indeed the quality of life has gone down in america, with a brief hickup in the 1990s due to the credit boom...
...and our people in power do not learn from others mistakes...