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Sounds like another bull. Skeeve the Great Send a noteboard - 16/04/2011 09:31:05 PM
The 3 large tax cuts since WWII.....JFK, Reagan, and GWB have one thing in common. After the cuts, tax revenue went up signficantly.

Explain?

Hint: spending is the problem, not the tax cuts. As in, even with increased tax revenue, DC spent so much that our deficit and debt still grew.

I also recommend watching IOUSA. Our unfunded liability is north of $60 trillion, mostly due to entitlements. Recent tax cuts compared to this is a drop in the bucket.


When I look at the national debt in historical prespective, I'm seeing that we did worse under Regan and the Dummy Jr.
And it's not surprise, because all these guys and their advisor were telling us that national debt is not a problem when they were wrecking it.

Granted, it's national debt, and not revenue, but I think it reflects the problem very well - the tax cuts do nothing except raising debt. All our economic grows under the Dummy Jr was so laughing in terms of job grows and average income grows that I won't even provide numbers. You can look them up yourself.
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Several basics facts about US Debt and Spending..... trzaska2000 - 16/04/2011 04:41:55 AM 1127 Views
Well ... at least we've been here before ... ? The_Muted_Grimaud - 16/04/2011 06:41:00 AM 648 Views
Guess we should have okay'd those death panels for old people then. Big money saver. *NM* TaskmasterJack - 16/04/2011 03:38:00 PM 331 Views
Yeah, those old people are draining the system..... trzaska2000 - 16/04/2011 06:57:59 PM 628 Views
You're already worse off than much of Europe, honestly. Legolas - 16/04/2011 04:08:37 PM 763 Views
Re: You're already worse off than much of Europe, honestly. Tihs Tnuc - 17/04/2011 01:33:31 AM 738 Views
Balancing our budget would be easy. ranagrande - 16/04/2011 06:46:32 PM 582 Views
Several of those aren't as easy as you make it sound, but the import tax is a big no-no. Legolas - 16/04/2011 07:34:30 PM 803 Views
Also on the buying drugs from Canada idea Isaac - 16/04/2011 08:17:26 PM 691 Views
Re: Also on the buying drugs from Canada idea Macharius - 18/04/2011 01:59:44 PM 732 Views
Re: Also on the buying drugs from Canada idea Isaac - 18/04/2011 05:16:14 PM 903 Views
Funny you mentioned WWII and 1968. Can you put tax rates at these times as well? Skeeve the Great - 16/04/2011 07:50:09 PM 1071 Views
Not really. Even if you can substantially raise tax revenue, the entitlement problem remains. *NM* Legolas - 16/04/2011 08:25:26 PM 289 Views
Re: Not really. Even if you can substantially raise tax revenue, the entitlement problem remains. Skeeve the Great - 16/04/2011 09:19:40 PM 735 Views
Have you ever looked at those projections for a decade or two hence? Legolas - 16/04/2011 10:13:12 PM 676 Views
Yes I have Skeeve the Great - 16/04/2011 10:44:50 PM 805 Views
Erm, and you think total health care spending is not getting out of control? I'm a little confused. Legolas - 16/04/2011 11:02:52 PM 737 Views
Yes it's going out of control Skeeve the Great - 16/04/2011 11:17:59 PM 676 Views
Good, we agree on that much then. Legolas - 17/04/2011 09:59:17 AM 667 Views
Exactly. Cutting back on fraud and waste doesn't really put much of a dent in those projections. *NM* Tom - 17/04/2011 02:31:13 AM 271 Views
Sorry, but that is a stupid opinion..... trzaska2000 - 16/04/2011 08:38:35 PM 643 Views
Sounds like another bull. Skeeve the Great - 16/04/2011 09:31:05 PM 914 Views
Dude, the data is the data.....tax revenue increased all three times. trzaska2000 - 16/04/2011 09:47:37 PM 852 Views
As I suspected, it's a bull. Skeeve the Great - 16/04/2011 10:02:05 PM 785 Views
Stop being a fool - read and react to the data provided, posting something..... trzaska2000 - 16/04/2011 10:14:11 PM 546 Views
Response is Skeeve the Great - 16/04/2011 10:19:00 PM 767 Views
Good lord.....it's like talking to a brick. I really hope you are 12 or 13. trzaska2000 - 16/04/2011 10:28:44 PM 763 Views
Re: Good lord.....it's like talking to a brick. I really hope you are 12 or 13. Skeeve the Great - 16/04/2011 10:47:24 PM 722 Views
I take it you mean "rate of revenue growth decreases". Legolas - 16/04/2011 11:11:19 PM 621 Views
Re: I take it you mean "rate of revenue growth decreases". Skeeve the Great - 16/04/2011 11:26:02 PM 771 Views
Additional point Skeeve the Great - 16/04/2011 11:37:17 PM 775 Views
It's not remarkable that revenue increased after the Reagan cuts. Tom - 17/04/2011 07:21:47 PM 945 Views
I've just noticed that you've provided charts from Heritage Foundation! Are you f.. kidding me? Skeeve the Great - 16/04/2011 10:13:46 PM 644 Views
All the data is via CBO - do you know that the CBO is? trzaska2000 - 16/04/2011 10:16:08 PM 653 Views
Re: All the data is via CBO - do you know that the CBO is? Skeeve the Great - 16/04/2011 10:27:01 PM 769 Views
Nice try.....care to explain why the same exact thing happened..... trzaska2000 - 16/04/2011 10:35:44 PM 582 Views
Re: Nice try.....care to explain why the same exact thing happened..... Skeeve the Great - 16/04/2011 10:49:33 PM 712 Views
Krugman is a shill for the Obama administration. Tom - 17/04/2011 02:34:50 AM 594 Views
Re: Krugman is a shill for the Obama administration. Skeeve the Great - 17/04/2011 03:50:24 AM 818 Views
Some obesrvations by Republican economists Skeeve the Great - 18/04/2011 12:27:04 AM 951 Views
You mean the Keynesian economist who wrote The Failure of Reaganomics random thoughts - 18/04/2011 04:00:52 PM 585 Views
Re: You mean the Keynesian economist who wrote The Failure of Reaganomics Skeeve the Great - 18/04/2011 05:36:44 PM 573 Views
You use Krugman and then complain about the Heritage Foundation! Are you f.. kidding me? *NM* random thoughts - 18/04/2011 02:46:47 AM 305 Views
Useless fact about our presidents since 1945. heartbreak - 17/04/2011 09:20:16 PM 817 Views
Re: Several basics facts about US Debt and Spending..... Skeeve the Great - 20/04/2011 03:51:19 PM 1002 Views
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