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So this is pretty much your ideal economy huh?
The impoverished are still impoverished, just a whole lot more of the middle class now swell their ranks thanks to the 30 year experiment with trickle down economics.
Actually the current situation has our monetary policy, protectionism, corporatocracy and spending to blame.
In a democracy the people always get exactly what they deserve.
And no amount of taxing the rich could have prevented this nor covered the deficits.
Lachean said:Actually the current situation has our monetary policy, protectionism, corporatocracy and spending to blame.Yep, like I said, 30 years of trickle down economics.
It took 30 years of tax cuts and overspending to create our debt
it will take 30 years of tax increases and spending cuts to significantly address our debt.
Do you even know what Trickle Down Economics means?
If you're going into credit card debt at a rate faster than any pay cut you've been given, do you blame your pay cuts or your obscene spending habits? If both, which more?
Or a default.
What does ANY of that have to do with trickle down economics? Do you even know what Trickle Down Economics means?
Monetary Policy, protectionism and overspending have NOTHING to do with tax rates.
If you're going into credit card debt at a rate faster than any pay cut you've been given, do you blame your pay cuts or your obscene spending habits? If both, which more?
It wasn't that we didn't tax enough, no amount of soaking the rich would have covered our deficits and that's even assuming they would produce at the same rates.
Or a default.
I really do. Whatcha got?
http://www.politifact.com/truth-o-m...nn-said-obama-voted-against-debt-limit-when-/
...and since you completely dropped the Boehner point, I'm assuming you agree.
Yep, it is the economic system we have been operating under for the last 30 years.
If I am going into credit card debt, I don't give away part of my pay check and increase spending as we have been doing for the last 30 years.
It ain't happening, it would only worsen our financial situation.
I won't be surprised if the republicans attempt to force a default. I don't know why they've gone crazy, nor do I care. But why do YOU advocate that they not be people of honor?
What makes you think our politicians are people of honor in the first place? People of honor don't do this to their children's children.
"Trickle down economics" is not an "economic system" its what you "soak the rich" types call the notion that low tax rates help everyone.
Red herring. Why are you advocating they not honor the debt?
Red herring. Why are you advocating they not honor the debt?
You are referring to the theory, I am referring to how it was practiced in actuality in this country for the last 30 years, which consisted of deregulation, tax cuts to the rich and increased spending.
You are referring to the theory
I am referring to how it was practiced in actuality in this country for the last 30 years, which consisted of deregulation, tax cuts to the rich and increased spending.
What makes you think I advocate their not honoring the debt?
Perhaps if you were't so quick to build up straw men you'd not confuse my questioning your premises with a red herring. You should really look up what the fallacy means.
No your not. You are referring to nonsense that is disconnected from reality.
Really. You said they should default.
There are none so blind that cannot see
they just vote for the Republican trickle down theory again and again and again and again...................
Go back to what I said, read what it was in response to, then come back and admit you don't know what you're talking about.
:shrug: You said what you said.
You didn't know what "default" meant? Fine, whatever.
No, I am accurately using the terms "economic system" and "trickle down economics" which is a pejorative for low taxes.
Deregulation and increased spending have nothing to do with "trickle down economics." Tax cuts don't need to be funded, spending does. And no amount of taxing could have covered our deficits.
Sure, but then we wouldn't default. I just said that if we default it's bad news. We should really cut so that we don't have to do that, but do you think that amount of cuts is really going to happen with like one week left?
Has it? I know it's moved from early August to late July, but that's not too much of a change and it's backwards too. Unless you're talking about cutting in order to avoid default which is what I would support.
I remember reading that the Democrats proposed cutting $50 billion in subsidies to the oil companies that are making record profits, and the GOP voted it down. The Health care Reform saves half a trillion dollars.
The Democrats have also proposed ending our wars in Afghanistan and Iraq. That will save us billions monthly!
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