Our fiscal problems are due to spending, not lack of revenue

Thu, 04/26/2012 - 12:12pm | posted by Jason Pye

Over the course of the presidential campaign, we’re going to hear a lot about how taxes need to be increased to help close the deficit rather than cutting spending. President Barack Obama has said many times that cutting spending would hurt the economy; however, new research shows otherwise.

In a new video from Learn Liberty, Professor Antony Davies explains that our fiscal problems are because of lack of tax revenues, it’s because Washington spends too much money:

  • 712 reads
  • Tagged: Antony Davies Balanced Budget budget deficit Learn Liberty national debt Spending spending cuts

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