“It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now... Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”
This is something I would love to hear a President of the United States say. Imagine my surprise in discovering it actually was a President who said it -- the 35th.
I have often heard Barack Obama compared to John F. Kennedy. I can only hope that if elected, he will hold to, and act on, this paradoxical truth.
As for hope and change we can believe in, I sincerely hope that if elected, Obama will eventually be able to be compared to another President and be able to echo him when he said, "We cut tax rates, reduced government regulation, and restrained Federal spending; and we unleashed the creativity of individuals and businesses. We gave them freedom to create; to keep the rewards of their own risk-taking and hard work; and to reach for new, bold ideas." -- Ronald Reagan
I'm not holding my breath though, Mr. Obama's bent toward socialism will undoubtedly quash Reagan's dream of "A shining city upon a hill.
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