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Thread: Obama: No Deal Without Tax Hikes

  1. #1061
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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    Do you have any comments about the green line in the last graph, or is that Obama's fault too?
    The green line is wishful thinking. Without the military spending of the 80s, the fall of the USSR is questionable. Trade would have been much more restricted, and Clinton would not have balanced the budget without the slashes in military funding.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Taylor View Post
    The green line is wishful thinking. Without the military spending of the 80s, the fall of the USSR is questionable. Trade would have been much more restricted, and Clinton would not have balanced the budget without the slashes in military funding.
    There's nothing wishful about the fact that without the reagan/bush deficits, our current deficit (and debt) would be much lower.

    And military spending went up under Clinton. Your other arguments are nothing but wishful thinking
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Obama: No Deal Without Tax Hikes

    Not in this reality. Even with the additional spending under Bush, we are still low by historical standards. Not 100% positive, but pretty sure.

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    Re: Obama: No Deal Without Tax Hikes

    And we'd be even lower if it weren't for Reagan/Bush
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Taylor View Post
    Not in this reality. Even with the additional spending under Bush, we are still low by historical standards. Not 100% positive, but pretty sure.
    Heh, even lower than I expected. With two wars and post 9/11 changes, we're still spending less than we were in the early 90's - in fact we've spent less on defense the last 16-17 years than at any time since WWII (other than a very brief dip just after the war).

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    Re: Obama: No Deal Without Tax Hikes

    You do realize I too can post partisan opion pieces that say the exact opposite? Though I do think you changed the subject with these posts. In your mind, what were we addressing?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Boo Radley View Post
    You do realize I too can post partisan opion pieces that say the exact opposite?
    no, you cannot - because that is the math. what I am posting here is the history of these attempts. you are free to your own opinion - you aren't free to your own facts.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by cpwill View Post
    no, you cannot - because that is the math. what I am posting here is the history of these attempts. you are free to your own opinion - you aren't free to your own facts.
    No, you posted an Op-ed piece, and it wasn't even on topic. That's what the other sentence was about.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama: No Deal Without Tax Hikes

    This would be what we were talkng about:

    Florida has the fifth lowest corporate income tax rate in the country at 5.5 percent, trailing only South Dakota, Alaska, Wyoming and Nevada states hardly in Florida's league. Yet Florida's unemployment rate remains far higher than the 9.1 percent national average. Recently, both a Tax Foundation study and University of Central Florida economist Sean Snaith have argued that reducing taxes has no discernible impact on job growth.

    It's not hard to find evidence to support such a view. Other states with much higher corporate tax rates Connecticut, New York, Illinois, Massachusetts, New York and New Jersey all enjoy significantly lower jobless numbers, as well as hosting the corporate headquarters of many more Fortune 500 companies per capita.

    Tax cuts don't create jobs - St. Petersburg Times

    There's a lot on this. It is about the mistaken notion that tax cuts create jobs and that tax increases lose jobs. There's no evidence to support that.

    is switching the subject yet another tactic of yours?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by The Barbarian View Post
    Well good .. .then there should be no problem with cutting spending drastically seeing we are out of the recession .. . but everyone knows jobs are lagging .. . so it would still be best not to raise taxes .. until the job market improves right ??
    Yes, it is possible to raise taxes and increase jobs (See the Clinton Administration). Too bad the Republicans walked away from cutting $3 in spending for every $1 of tax increases. Their narrow ideology is more important to them than reducing the deficit, and the American people are witnessing it for themselves!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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