But a combination of unfunded tax cuts under former President George W. Bush, plus a pair of wars, plus a recession plunged the budget into a deficit that reached $ 1.4 trillion in 2009. (policygenius.com)
(A) we could easily unsettle international investors by making unfunded tax cuts and (B), as Douglas Carswell blogs, «rather than a VAT cut bung, designed to make us spend money we do not have, we should cut taxes on productive activity; tax cuts on income, labour and on businesses.» (conservativehome.blogs.com)