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Thread: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

  1. #91
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    Re: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

    Quote Originally Posted by Conservative View Post
    Of course they wouldn't and thus they would not be paying off the debt
    Right, I thought you were arguing that we should lower taxes and lower spending to stimulate the economy (to increase employment). This is on the net contractionary if the two are of proportional size.
    Last edited by drz-400; 08-16-10 at 10:05 PM. Reason: grammer

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    Re: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

    Quote Originally Posted by drz-400 View Post
    Right, I thought you were arguing that we should lower taxes and lower spending to stimulate the economy (to increase employment). This is on the net contractionary if the two are of proportional size.
    I was responding to your comments,

    This may fulfill your normative economic goals (a smaller government), but on the net tax cuts coupled with spending cuts will be contractionary (assuming the two are proportional in size
    Giving the govt. more money to spend isn't contractionary

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    Re: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

    Quote Originally Posted by Conservative View Post
    I was responding to your comments,



    Giving the govt. more money to spend isn't contractionary
    Did I not say "spending cuts?" Now if you want tax cuts and spending increases (or constant I suppose) then I would completely agree with you.

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    Re: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

    Quote Originally Posted by drz-400 View Post
    Did I not say "spending cuts?" Now if you want tax cuts and spending increases (or constant I suppose) then I would completely agree with you.
    Yes, you did say that, my point was that promises to make spending cuts haven't been kept, they weren't kept during the Reagan years with Gramm-Rudman, and they weren't done when GHW Bush agreed to raise taxes $1 for every $3 of spending cuts. In all cases we got the tax increases but not the spending cuts. It would be great if Congress kept their promise at least once

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