Donkey1499
DP Veteran
- Joined
- Oct 5, 2005
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- Location
- Under The Northern Star, Alaska
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- Independent
Iriemon said:We have been through this before. I'll demonstrate how the tax cuts caused tax revenues to plummet by showing that GDP increased 12% from 2000-2003; yet despite that growth in the economy, tax revenues fell by $242 billion annually, a 12% decrease. You'll say that explains nothing, there are a lot of other factors that affect revenues. I'll say what factors; and you'll say the stock market and employment. And I'll show those are marginal factors that affect less than 10-15% of overall tax revenues. Then you'll say the data proves nothing; but won't be able to explain why revenues fell so dramatically in 2000-2003. Do I have it about right?
I find it kind of tragic, what the Republicans/conservatives are doing to our country and our future by burndening the Govt with a huge debt. Do you think its funny because you are a Republican, Conservative, or neither?
Why do you think the Democrats (not the Republicans, the opposed it right down the line) passed a tax increase in 1993? Because they thought it would be a popular thing to do? So they could tell their constituents the great news that they have to pay more taxes? You think they thought that would make them more popular back home? The Democrats passed the tax increase in 1993 because the Reagan/Bush had left this country with a $4 trillion debt and huge deficits -- $320 billion in 1992.
The conservatives/Republicans are willing to live with deficits and debt as long as they get their tax deferrments. The liberals/Democrats believe that we should pay taxes now for what our Govt spends, not pass the buck to the next generation in the form of trillions of debt.
From what I've seen and heard there are only deficits because of the depression in the late 20's to early 30's. Did we ever really pay that shiz off? And it's not like welfare helps to reduce that deficit either.
Republicans They lower taxes, which increases the number of jobs. But you are only making as much dough as you were under a regime of...
Democrats They raise taxes, which decreases jobs. Thus only making as much as a republican regime.
See, it's a catch 22. As much as I "dislike" Slick Willy, he actually had some control over the economy, with unemployment around 4-6% (same as Bush). Really, from what I'm seeing is that the Bush/Clinton economies are almost identical, except that Clinton had higher taxes with a lower deficit (yes, there was a deficit) while Bush has lower taxes with a higher deficit.
So it seems that it doesn't matter how the economy is run (within reason) because we will probably always have a deficit. UNLESS we cut off all these petty little projects that don't matter. Let's spend the money on more important things, or better yet let's just stop spending some money (welfare would be a start). We could also end trade embargoes with some countries, such as Cuba. *Cuban cigars are still a hot item*