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Now who has it backwards? "increasing our income back to the levels it was, before the temporary tax cuts." Our income? You mean the government's? Thats OUR MONEY. The taxpayers' money. The government does not have the right to just spend whatever they want and expect the taxpayer to bear the burden.
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"Our" as in "we the people" who pay that money, to people we elect - WE elect - as our proxy.
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Your huffington post graph
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No, it is not a HP graph. That is a CBO graph. Published in many places aside from HP.
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assumes that we will spend the same amount. We will cut taxes, and SLASH spending. The different degree there is purposeful.
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Yes, one-third of our deficit would be quickly eliminated, with us spending the same amount.
If you continue that 700-billion tax cut (which is exactly what you want, I assume?) - please give me, not only 700-billion in spending cuts to cover your new tax cuts (renewing the expiring cuts), but additional trillions in spending cuts to try to cut the current deficit we have.
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What do I want to cut? Foreign aid, welfare, waste, private social security so the government will quit stealing my money. Cut everything, and add back what we need. Do a budgetary reset. And minimize taxes in the process.
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Please add up "foreign aid, welfare, waste, private social security" and get back to me with a real dollar amount estimate. It sounds pretty in abstract
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The math is not simple. It's dynamic.
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It appears to be "magical", too!
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If we reduce the profits that the employers take home, they will relocate businesses or lay people off. They will not just keep working under the same conditions. They will change those conditions to make it profitable. The employers are the ones who have control. They will either make the money they think is worth the trouble, or they will close up.
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Well, I hate to point out to you, that we've just had some years of "those profits", (as the tax cuts you want to continue have actually been in existence, and the numbers are there to see) - and during that time joblessness soared, businesses closed, and millions were laid off.
That's what you want to continue?