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Old 01-02-2013, 09:00 AM   #13
bimmerfan08
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Join Date: Feb 2009
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Quote:
Originally Posted by Act of God View Post
In 1982, President Reagan was promised $3 in spending cuts for every $1 in tax hikes,” Americans for Tax Reform says of those two incidents. “The tax hikes went through, but the spending cuts did not materialize. President Reagan later said that signing onto this deal was the biggest mistake of his presidency.

In 1990, President George H.W. Bush agreed to $2 in spending cuts for every $1 in tax hikes. The tax hikes went through, and we are still paying them today. Not a single penny of the promised spending cuts actually happened.”
That's how I derived my statement. History is yet to repeat itself again and the asses of tax-paying American citizens will be burned.
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