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Thread: House passes huge GOP budget cuts

  1. #111
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    Re: House passes huge GOP budget cuts

    Quote Originally Posted by Catawba View Post
    As usual, you completely ignore history. Taxes for the wealthy are the lowest they have been in over half a century. Our debt problems began when the taxes for the wealthy were slashed and will only begin to be addressed when the wealthy begin paying their fair share again.
    The nation's debt problems began with the New Deal, accelerated with the Great Society, compounded under Carter, got even worse when Tip O'Neill reneged on his bargain to cut federal spending commensurate with the Reagan tax cuts, suffered and imaginative period of complete "Lets close our eyes, we have a Democrat rapist in the White House", grew when the nation had to respond to that animals attacking on September 11, 2001, and suffered a sprint of cosmological proportioned inflation when the current half-wit puppet was put in office.

    The question isn't one of who did what yesterday or last millenium, the question is What the Hell Does the Nation do Now?

    Taxes on the rich inevitably do one thing: they end capital investment, which leads to unemployment, which leads to lower tax revenues, which leads to increased government spending with less revenue.

    Raising taxes when the nation is one the wrong side of the Laffer Curve is the mark of ignorance and incompetence.

    It's not surprising the Democats can think of nothing else.

  2. #112
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    Re: House passes huge GOP budget cuts

    Quote Originally Posted by Mayor Snorkum View Post
    That's an insult to drunken sailors everywhere.

    The Mayor took his turn at being a drunken sailor, and the Mayor will assure you, that drunken sailors stop spending when they run out of money.
    Do sailors for some reason lack access to credit?
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  3. #113
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    Re: House passes huge GOP budget cuts

    Quote Originally Posted by obvious Child View Post
    That is pretty much spot on as to how Turtle thinks.



    Not so sure about that. Even with a trillion dollars in revenue reduction from the tax cuts, the projected decline in debt even after Clinton's accounting fraud would have left us on a pretty solid financial footing. What really screwed us over was Iraq. Not to mention Bush's runaway socialist medicare drug bill. The one his adminstration blackmailed the FDA into lying to the public about the costs of .
    So, you're saying that when Bush acted like the leftist he is, the budgetary problems, ie, the deficit, got worse.

    But you lack the courage to put it as baldly as the Mayor.

  4. #114
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    Re: House passes huge GOP budget cuts

    Quote Originally Posted by Lord Tammerlain View Post
    Do sailors for some reason lack access to credit?
    They do when they're in the Phillipines. Those girls in the Tom-Tom club didn't have ATM machines strapped their tushes, and besides, cash keeps the wife uninformed.

    Nobody used credit when getting drunk overseas.

  5. #115
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    Re: House passes huge GOP budget cuts

    Quote Originally Posted by Mayor Snorkum View Post
    So, you're saying that when Bush acted like the leftist he is, the budgetary problems, ie, the deficit, got worse.

    But you lack the courage to put it as baldly as the Mayor.
    In this post. I'll give you some slack because you basically just joined.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  6. #116
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    Re: House passes huge GOP budget cuts

    Quote Originally Posted by TurtleDude View Post
    if it gets dems elected Haymarket and his fellow travelers believe that alone makes it constitutional
    "Abandon the radical pose for the radical end..."

  7. #117
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    Re: House passes huge GOP budget cuts

    Quote Originally Posted by obvious Child View Post
    In this post. I'll give you some slack because you basically just joined.
    I am sure he was quaking in his boots before getting such assurances



  8. #118
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    Re: House passes huge GOP budget cuts

    Quote Originally Posted by Mayor Snorkum View Post
    "Abandon the radical pose for the radical end..."
    They sang the red flag, they wore the black one



  9. #119
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    Re: House passes huge GOP budget cuts

    Quote Originally Posted by TurtleDude View Post
    you ignore reality and you dishonestly use tax rates as a facade to ignore the fact that the rich are paying MORE OF THE TOtAL federal taxes than at ANY TIME in THE Period you cited

    and its childish to claim that rich aren't paying their fair share when the top 5% pay more income taxes than the rest of the country

    and making the rich pay more won't deter the rest of the country from demanding more spending as they have ever since progressive income taxes have allowed politicians to buy the votes of the many by promising them others will pay the taxes needed to fund those handouts
    At least you are consistant in your ignorance of history.

    http://greghollingsworth.org/storage/post-images/Tax_Rates_v._National_Debt.png?__SQUARESPACE_CACHE VERSION=1250006430814
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  10. #120
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    Re: House passes huge GOP budget cuts

    Quote Originally Posted by Mayor Snorkum View Post
    The nation's debt problems began with the New Deal, accelerated with the Great Society, compounded under Carter, got even worse when Tip O'Neill reneged on his bargain to cut federal spending commensurate with the Reagan tax cuts, suffered and imaginative period of complete "Lets close our eyes, we have a Democrat rapist in the White House", grew when the nation had to respond to that animals attacking on September 11, 2001, and suffered a sprint of cosmological proportioned inflation when the current half-wit puppet was put in office.
    Come again?

    It appears debt under Carter and the preceding presidents was on the down turn.

    National Debt Graph by President

    Furthermore, you seem to ignore that Reagan held the power of the Veto. And only 9 of his 39 vetos were overriden. To absolve him of spending problems seems highly dishonest. Remember that Reagan championed some of the largest expansions in government size and spending in US history. Reagan was no fiscal conservative by any objective measure.

    I do agree that 9/11 basically destroyed our chance at financial security. That said, Obama and Dubya did a decent job at preventing total collapse due to the 2007 recession.

    Taxes on the rich inevitably do one thing: they end capital investment, which leads to unemployment, which leads to lower tax revenues, which leads to increased government spending with less revenue.
    Clinton's era suggests that's not inherently true. He raised taxes on them yet capital investment exploded to the point where several asset bubbles were created. Furthermore, as long as there is some tax advantaged investment, the rich will pour money into in. So an increase in taxes yet keeping some tax advantage options over should eliminate the possibility of your argument coming true.

    Raising taxes when the nation is one the wrong side of the Laffer Curve is the mark of ignorance and incompetence.
    Except that the Laffer Curve is nothing more than conjecture. Using it as an actual policy tool is a sign of a serious lack of understanding of basic statistics much less economics. Laffer himself never intended it to be anything more than a starting point for tax discussions. The level of worship that Republicans place on it is amazing considering what it actually is.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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