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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 1404 Views
Well ... at least we've been here before ... ? The_Muted_Grimaud - 16/04/2011 06:41:00 AM 907 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 468 Views
Yeah, those old people are draining the system..... trzaska2000 - 16/04/2011 06:57:59 PM 934 Views
You're already worse off than much of Europe, honestly. Legolas - 16/04/2011 04:08:37 PM 1037 Views
Re: You're already worse off than much of Europe, honestly. Tihs Tnuc - 17/04/2011 01:33:31 AM 1040 Views
Balancing our budget would be easy. ranagrande - 16/04/2011 06:46:32 PM 865 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 1090 Views
Also on the buying drugs from Canada idea Isaac - 16/04/2011 08:17:26 PM 964 Views
Re: Also on the buying drugs from Canada idea Macharius - 18/04/2011 01:59:44 PM 1026 Views
Re: Also on the buying drugs from Canada idea Isaac - 18/04/2011 05:16:14 PM 1197 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 1335 Views
Not really. Even if you can substantially raise tax revenue, the entitlement problem remains. *NM* Legolas - 16/04/2011 08:25:26 PM 413 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 1002 Views
Have you ever looked at those projections for a decade or two hence? Legolas - 16/04/2011 10:13:12 PM 959 Views
Yes I have Skeeve the Great - 16/04/2011 10:44:50 PM 1099 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 1022 Views
Yes it's going out of control Skeeve the Great - 16/04/2011 11:17:59 PM 1001 Views
Good, we agree on that much then. Legolas - 17/04/2011 09:59:17 AM 939 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 394 Views
Sorry, but that is a stupid opinion..... trzaska2000 - 16/04/2011 08:38:35 PM 932 Views
Sounds like another bull. Skeeve the Great - 16/04/2011 09:31:05 PM 1188 Views
Dude, the data is the data.....tax revenue increased all three times. trzaska2000 - 16/04/2011 09:47:37 PM 1156 Views
As I suspected, it's a bull. Skeeve the Great - 16/04/2011 10:02:05 PM 1072 Views
Stop being a fool - read and react to the data provided, posting something..... trzaska2000 - 16/04/2011 10:14:11 PM 817 Views
Response is Skeeve the Great - 16/04/2011 10:19:00 PM 1037 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 1037 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 992 Views
I take it you mean "rate of revenue growth decreases". Legolas - 16/04/2011 11:11:19 PM 915 Views
Re: I take it you mean "rate of revenue growth decreases". Skeeve the Great - 16/04/2011 11:26:02 PM 1043 Views
Additional point Skeeve the Great - 16/04/2011 11:37:17 PM 1043 Views
It's not remarkable that revenue increased after the Reagan cuts. Tom - 17/04/2011 07:21:47 PM 1220 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 915 Views
All the data is via CBO - do you know that the CBO is? trzaska2000 - 16/04/2011 10:16:08 PM 926 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 1039 Views
Nice try.....care to explain why the same exact thing happened..... trzaska2000 - 16/04/2011 10:35:44 PM 862 Views
Re: Nice try.....care to explain why the same exact thing happened..... Skeeve the Great - 16/04/2011 10:49:33 PM 996 Views
Krugman is a shill for the Obama administration. Tom - 17/04/2011 02:34:50 AM 854 Views
Re: Krugman is a shill for the Obama administration. Skeeve the Great - 17/04/2011 03:50:24 AM 1080 Views
Some obesrvations by Republican economists Skeeve the Great - 18/04/2011 12:27:04 AM 1220 Views
You mean the Keynesian economist who wrote The Failure of Reaganomics random thoughts - 18/04/2011 04:00:52 PM 877 Views
Re: You mean the Keynesian economist who wrote The Failure of Reaganomics Skeeve the Great - 18/04/2011 05:36:44 PM 857 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 432 Views
Useless fact about our presidents since 1945. heartbreak - 17/04/2011 09:20:16 PM 1177 Views
Re: Several basics facts about US Debt and Spending..... Skeeve the Great - 20/04/2011 03:51:19 PM 1293 Views
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