Active Users:640 Time:30/01/2026 05:14:12 AM
Back to Messageboard Post New Thread Search Help Stats Rules
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.
Reply to message
Several basics facts about US Debt and Spending..... trzaska2000 - 16/04/2011 04:41:55 AM 1343 Views
Well ... at least we've been here before ... ? The_Muted_Grimaud - 16/04/2011 06:41:00 AM 850 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 447 Views
Yeah, those old people are draining the system..... trzaska2000 - 16/04/2011 06:57:59 PM 880 Views
You're already worse off than much of Europe, honestly. Legolas - 16/04/2011 04:08:37 PM 979 Views
Re: You're already worse off than much of Europe, honestly. Tihs Tnuc - 17/04/2011 01:33:31 AM 991 Views
Balancing our budget would be easy. ranagrande - 16/04/2011 06:46:32 PM 804 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 1024 Views
Also on the buying drugs from Canada idea Isaac - 16/04/2011 08:17:26 PM 908 Views
Re: Also on the buying drugs from Canada idea Macharius - 18/04/2011 01:59:44 PM 960 Views
Re: Also on the buying drugs from Canada idea Isaac - 18/04/2011 05:16:14 PM 1143 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 1278 Views
Not really. Even if you can substantially raise tax revenue, the entitlement problem remains. *NM* Legolas - 16/04/2011 08:25:26 PM 388 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 941 Views
Have you ever looked at those projections for a decade or two hence? Legolas - 16/04/2011 10:13:12 PM 905 Views
Yes I have Skeeve the Great - 16/04/2011 10:44:50 PM 1048 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 965 Views
Yes it's going out of control Skeeve the Great - 16/04/2011 11:17:59 PM 932 Views
Good, we agree on that much then. Legolas - 17/04/2011 09:59:17 AM 882 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 367 Views
Sorry, but that is a stupid opinion..... trzaska2000 - 16/04/2011 08:38:35 PM 874 Views
Sounds like another bull. Skeeve the Great - 16/04/2011 09:31:05 PM 1130 Views
Dude, the data is the data.....tax revenue increased all three times. trzaska2000 - 16/04/2011 09:47:37 PM 1099 Views
As I suspected, it's a bull. Skeeve the Great - 16/04/2011 10:02:05 PM 1011 Views
Stop being a fool - read and react to the data provided, posting something..... trzaska2000 - 16/04/2011 10:14:11 PM 761 Views
Response is Skeeve the Great - 16/04/2011 10:19:00 PM 974 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 971 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 926 Views
I take it you mean "rate of revenue growth decreases". Legolas - 16/04/2011 11:11:19 PM 866 Views
Re: I take it you mean "rate of revenue growth decreases". Skeeve the Great - 16/04/2011 11:26:02 PM 997 Views
Additional point Skeeve the Great - 16/04/2011 11:37:17 PM 984 Views
It's not remarkable that revenue increased after the Reagan cuts. Tom - 17/04/2011 07:21:47 PM 1172 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 856 Views
All the data is via CBO - do you know that the CBO is? trzaska2000 - 16/04/2011 10:16:08 PM 868 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 975 Views
Nice try.....care to explain why the same exact thing happened..... trzaska2000 - 16/04/2011 10:35:44 PM 795 Views
Re: Nice try.....care to explain why the same exact thing happened..... Skeeve the Great - 16/04/2011 10:49:33 PM 947 Views
Krugman is a shill for the Obama administration. Tom - 17/04/2011 02:34:50 AM 798 Views
Re: Krugman is a shill for the Obama administration. Skeeve the Great - 17/04/2011 03:50:24 AM 1025 Views
Some obesrvations by Republican economists Skeeve the Great - 18/04/2011 12:27:04 AM 1164 Views
You mean the Keynesian economist who wrote The Failure of Reaganomics random thoughts - 18/04/2011 04:00:52 PM 817 Views
Re: You mean the Keynesian economist who wrote The Failure of Reaganomics Skeeve the Great - 18/04/2011 05:36:44 PM 797 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 407 Views
Useless fact about our presidents since 1945. heartbreak - 17/04/2011 09:20:16 PM 1085 Views
Re: Several basics facts about US Debt and Spending..... Skeeve the Great - 20/04/2011 03:51:19 PM 1237 Views
Back to Messageboard Post New Thread Search Help Stats Rules

Reply to Message

Block Quote Paragraph Quote
Formatting
Smiley Codes