Cut taxes for the wealthy and corporations (thus reducing revenue coming in).
Balance the budget, with fewer revenues, by, um, saying we will.
Grow the amount of money that Wall Street CEOs have in their bank account!
The most confusing part of Perry's plan is that he would institute a flat tax of 20%..........unless you opted out of that......???? Huh??
The whole point of a flat tax is that you take away deductions (he would continue most deductions) and you simplify the tax code so everyone pays "the same". Perry's flat tax does....neither.
The idea that you can cut taxes and "grow" your way out of a deficit was debunked in, oh, 1981, 1990, 2001, 2004, and 2007. But hey, it is like telling fat people that you can lose weight by eating MORE calories. Is it theoretically possible? I suppose. What generally happens 95% of the time -- the guy eats 5 meals at 1,000 calories each instead of 3 and he gains weight. But no one wants to hear that eating makes you fat, so they are real happy with any plan that says the opposite.