Cutting taxes dramatically is a throwback to the Reagan era (i.e. Reaganomics), which was used to jumpstart the economy in a regression or bad run. The cuts supposedly work by the fact that everyone should theoretically have loads of extra disposable income that they don't have to give to the government, and they can pump it into goods and services, making everyone happy. here it comes...

BUT, taxes are being cut for the wrong people (i.e. rich folk and big business), and not for the lower income brackets, where the effect would be more meaningful and tangible, since rich people will always have money, no matter how much taxes they pay. Money finds a way into their pockets anyway, legal or otherwise.

The other end of the political spectrum would have the government spend more and tax more. I wrote a post a while back about how depression-era government spending brought the economy back by providing jobs to people who couldn't find work in the private sector, and created the "Alphabet Soup" style of bureaucracy we so cherish.

Sorry for that history lesson, but the reason the administration would want to cut taxes is probably a political statement, saying that, "we are Republicans, we believe in small government." There's nothing wrong with that, but I could be wrong.

$0.02

National Debt will always be there. It's one of the few things that we can never escape.

The other two are taxes and death. I think the Grim Reaper and the IRS work hand in hand.

I get a distinct feeling that this administration doesn't realize that money isn't infinite. They cut taxes to gain votes, they spend more and more money on war, because they deem it right to do. They can't be everybody's friend and the money is going to run out.... Doesn't this worry you? Untill now, only Missileer hints at future trouble. Who'll end up paying the bill, while they are running along being "patriottic" and ruining the countries economy?

You must remember much of the equipment has been around for years, and now that it is in action the wear and tear on it is brining it to a far quicker end. Also there has been a large amount of upgrading to body armour for the soldiers. Then there are Hummers which have proved to be infective in Iraq and they are being replacedor upgraded.

Up-armored vehicles are deteriorating at a huge rate from all the extra weight. Imagine your truck loaded with an extra half ton of steel, and running day and night. A few of my unit's dumptrucks had to be left in the desert; granted they were over 15 years old, but our mechanics couldn't keep up with the breakdowns. We "borrowed" some from the Air Force to use CONUS

Actually, tax cuts, within reason, theoretically helps the Government, not the party in office. If taxes are lowered, putting more money at the people's disposal, then spending for large items and durables goes up and into the Government coffers as sales tax. Try not to think of tax cuts to one guy, it won't be clear. Think of more disposable income for the entire country and the consuming of products being the cash cow for government. If people don't spend, there is a slump in the amount of taxes taken in by the Government. There is actually no such animal as a tax cut, it's just that the Government doesn't take as much from you as they normally would.