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Romney Tax Plan needs Grow to Add Up

Counting on fantasy growth to reduce the debt and deficit is just that, fantasy. When budgeting your household income, do you bank in a raise that may or may not materialize? Do you bank on hitting the lottery if you invest 10 dollars a week into it?

Obama is planning on "fantasy" growth too--if you are looking for absolute guarantees of the economic future, there are none.
 
Counting on fantasy growth to reduce the debt and deficit is just that, fantasy. When budgeting your household income, do you bank in a raise that may or may not materialize? Do you bank on hitting the lottery if you invest 10 dollars a week into it?

I would bank on the effect of changes in my lifestyle and spending habits as well as streamlining my income sources to increase my economic posture. Like I said, it's all part of a related whole, but when you take any individual part and try to justify my economic growth on only that one part, you are taking a very narrow, limiting view.

The same needs to be done on a national level and Romney knows this. Obama and other liberals don't.
 
Interesting that you ignore the fact he also exploded the deficit and subsequently the debt. Is that what you want? Oh right, that's what Republican do! Silly me.

Reagan cut Government Spending Domestically and was fighting a massive Soviet expansionist threat during the Cold War. KGB documents proved his strategy unnerved the Soviets, who were relying upon a massive build up of their military to run their economy and employ their populace, and it collapsed. This led to the "Peace Dividend" which allowed the US Economy under Clinton to flourish. Reagan created the largest Peace Time Expansion in American History. Millions upon millions of jobs were created. Booming GDP of 7-9%. Double Digit Inflation cured with sound Monetary Policy. Double Digit Interest Rates cured. Millions lifted out of poverty through upward mobility. Median Income skyrocketed for the Middle Class.

Obama - 6 trillion borrowed/printed/spent and the result is 19% Real unemployment, a downgraded US Economy, weak and pathetic downgraded declining GDP Growth of 1.3%, and a Foreign Policy that is in ashes, A Federal Reserve that is ROBBING your children and grandchildren blind by flooding the Economy with worthless paper buying up Mortgage Backed Securities with no plans to turn off the faucet. I could go down the long list of Obama's failed record but I already know to someone like you it's a waste of time. If you don't herd with the Obama flock you're probably a Paulbot/Jesse Ventura enthusiast.

Have a nice day :2wave:
 

its too easy to debunk you.. but heck I have a minute

Orders placed with U.S. factories fell in August by the most in more than three years, signaling that slowdowns in business investment and exports restrained the economic expansion.

The 5.2 percent decrease in bookings was the biggest since January 2009 and followed a revised 2.6 percent increase in July, the Commerce Department said today in Washington. The median forecast of economists in a Bloomberg News survey called for a decline of 5.9 percent. Demand for durable goods dropped 13.2 percent, the same as reported last week, while shipments of non-durables, which includes such things as petroleum and chemicals and often reflect swings in price, climbed 2.2 percent.
Orders to U.S. Factories Plunge on Airplanes, Computers - Bloomberg
 
I agree. But we aren't tackling a recession alone now are we? We also have to deal with the deficit. Tax hikes and service cuts address deficits. So it's reasonable to think that a mix of both cuts and hikes can help, no?

The cuts? Yes. The tax hikes? Maybe. There's no guarantee that raising taxes will produce more tax revenue. The UK tried it and ended up with even less revenue.


So you agree Romney is talking out his ass in that regard. Good, we agree.

That's not what I said and you damn well know it.

In terms of regulations, it was the lack of regulations that brought us to this recession. So no, getting out of the private sector's way is not the solution.

It was government intervention in the finance industry that caused the recession. The oil and gas industry, nor the coal industry, nor the transportation industry, nore the medical industry had anything to with the recession. The recession didn't happen, because we didn't have Obamacare.

It's idiotic to suggest that anyone, or anything other than the private sector can grow the economy.
 
Counting on fantasy growth to reduce the debt and deficit is just that, fantasy. When budgeting your household income, do you bank in a raise that may or may not materialize? Do you bank on hitting the lottery if you invest 10 dollars a week into it?

There's no way the economy can grow? Is that what you're suggesting?
 
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