Why did Tax Revenue INCREASE.....AFTER The Bush, Reagan, and JFK Tax Cuts?

[Sheik Yerbuti]

Would you say that Congress has a greater impact on the economy than does the President?

Given the president is the final authority (barring a veto override by the Congress) over which laws are passed, I'd say the president bears the greater responsibility.

"The buck stops here." ~ President Harry S. Truman​

 

[mac]

Given the president is the final authority (barring a veto override by the Congress) over which laws are passed, I'd say the president bears the greater responsibility.

"The buck stops here." ~ President Harry S. Truman​

That's you're honest opinion? That the President has greater impact on America's social policies than does Congress? Really?

 

[pbrauer]

Keep looking backward, Pb. We know you don't like Bush, don't vote for him in 2012. The guy you are supporting hasn't ended the war in Iraq but implemented the Bush Iraq Doctrine. Tell me why anyone would vote for Obama in 2012? His record is on the ballot.

Because the only real choice on the ballot is a Republican.

 

[Misterveritis]

Are you outraged that President Bush fought in Iraq on borrowed money and gave huge tax breaks?

Awesome. How do you know that is where the borrowed money went? Perhaps it went to pay social security recipients.

 

[pbrauer]

It wasn't one vote, it was overwhelming control of the Congress by Democrats and Obama was head of the party. Tell me what Bush did without Congressional Approval? What did Democrats in total control of Congress do to prevent Bush from creating the mess you claim he created? Where the more interested in regaining the WH than in doing their job? You don't seem to understand civics or economics and aren't changing anyone's position with your rants.

Wall Street and the Banks caused the "mess", President Bush looked the other way. At a fundraiser in Texas, President Bush said Wall Street got drunk and the all laughed about it.

 

[pbrauer]

Awesome. How do you know that is where the borrowed money went? Perhaps it went to pay social security recipients.

That's ridiculous, Social Security revenue was in surplus.

 

[Sheik Yerbuti]

You seem to blame Bush for record home ownership during his term. What was the Democrat Position on that issue and what did they do to prevent the subprime program from being enacted?

Doesn't matter what their position was, they weren't in charge of the Congress during those critical years when lenders were going crazy writing toxic loans. Republicans were in charge and they didn't pass any oversight or regulations which could have prevented the meltdown.

I know someone who was offered $30,000 by a bank to buy a house, unseen. The bank offered to sell him a house he would never see, they would pay the closing costs, they would pay the first six monthly mortgage payments, they would pay the real-estate taxes, and to collect $30,000, he would have to wreck his credit and give the house up to foreclosure after 6 months. That was back around 2004-2005, before the system was inundated with foreclosures. That's the kind of **** that was going on.

In Congress, Democrats were on the complete wrong side of the issue, no doubt -- but until 2007, they weren't in charge. By then, the damage was done. Republicans were in charge and they dropped the ball. They are mostly responsible no matter how much you try to push that responsibility onto Dodd and Frank, two members of the minority party.

 

[Redress]

It wasn't one vote, it was overwhelming control of the Congress by Democrats and Obama was head of the party. Tell me what Bush did without Congressional Approval? What did Democrats in total control of Congress do to prevent Bush from creating the mess you claim he created? Where the more interested in regaining the WH than in doing their job? You don't seem to understand civics or economics and aren't changing anyone's position with your rants.

Ummm...Howard Dean was head of the DNC at that time. But don't let facts get in your way.

 

[Misterveritis]

Stop projecting. You're the one who tried to pin the economy on Obama from day 1 while trying to claim Reagan wasn't responsible for the economy until 1982.

Perhaps the difference is that Ronald Reagan took responsibility.

The boy president has never really done that, has he? It is the mark of immaturity, of having never actually grown up, that makes him a child president. He believes he is king. Maybe he needs a regent.

 

[Misterveritis]

Because the only real choice on the ballot is a Republican.

On this we can agree. Anybody but the Marxist.

 

[Misterveritis]

That's ridiculous, Social Security revenue was in surplus.

Oh yeah. The IOUs. Got it. Myth. Very important to understanding our past...

 

[TurtleDude]

Conservatives think straw men arguments are good arguments, and correlation = causation.

you mean like all your fellow travelers who claim that 90% tax rates on the top one tenth of one percent is what made this country prosperous and the middle class stronger?

 

[TurtleDude]

Ummm...Howard Dean was head of the DNC at that time. But don't let facts get in your way.

yeah shout that one out its a scream

 

[Redress]

you mean like all your fellow travelers who claim that 90% tax rates on the top one tenth of one percent is what made this country prosperous and the middle class stronger?

Does this make your comments less of straw men? Does that change the fact this whole thread is premised on correlation = causation? or are you just trying to divert with finger pointing?

 

[Redress]

yeah shout that one out its a scream

I thought Conservative claiming Obama was the head of the democratic party back when he was just a senator was pretty amusing myself. That is all I set out to correct, I made no claims as to whether it was a good thing or not. Keep trying though, it does amuse me.

 

[Conservative]

Sheik Yerbuti;1059676285]Don't be ridiculus. Obama represented 1 vote out of 100 in the Senate and 1 out of the 535 members of Congress. You assign more credit to his vote than he had. And no, Obama was not the head of the party. He was a Senator, not the messiah the right makes him out to be.

The Presidential candidate is the symbolic head of the party but regardless Democrats, your party, controlled the legislative process and the purse strings. Did Obama support TARP? I suggest you tell Obama he isn't the Messiah.

How many times do you need to be taught that the damage to the economy occurred long before Bush's Great Recession began? Aren't you taking notes? At the time the most damage occurred, Republicans ran the show.

How many times do I have to tell you the damage that was done was supported by the Democrat Party. What plan did Bush implement that wasn't supported in some way or another by Democrats? you think Democrats didn't support a policy of home ownership for all Americans? You think Democrats didn't want to spend money on Medicare Part D in greater numbers than Bush? Tell me exactly what the difference was? You blame Republicans but ignore the Democrat alternative.

More insults? Can you debate without insulting?

Looks to me like I nailed it. You have shown no evidence that you understand civics or economics

 

[Grant]

Doesn't matter what their position was, they weren't in charge of the Congress during those critical years when lenders were going crazy writing toxic loans. Republicans were in charge and they didn't pass any oversight or regulations which could have prevented the meltdown.

I know someone who was offered $30,000 by a bank to buy a house, unseen. The bank offered to sell him a house he would never see, they would pay the closing costs, they would pay the first six monthly mortgage payments, they would pay the real-estate taxes, and to collect $30,000, he would have to wreck his credit and give the house up to foreclosure after 6 months. That was back around 2004-2005, before the system was inundated with foreclosures. That's the kind of **** that was going on.

In Congress, Democrats were on the complete wrong side of the issue, no doubt -- but until 2007, they weren't in charge. By then, the damage was done. Republicans were in charge and they dropped the ball. They are mostly responsible no matter how much you try to push that responsibility onto Dodd and Frank, two members of the minority party.

Apparently you're unfamiliar with the history of the housing crisis but it actually goes back to the days of Jimmy Carter and elevated and aggravated by Barrack Obama and Acorn in the 90's,

Here's a recent discussion when Bush was in power.

‪Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis‬‏ - YouTube

 

[TurtleDude]

Does this make your comments less of straw men? Does that change the fact this whole thread is premised on correlation = causation? or are you just trying to divert with finger pointing?

you are smart enough to remember that I have said that tax cuts can

1) increase revenues

2) decrease revenues

3) increase revenues at a certain period of time (often short term) and then cause a decrease in revenues

I have mentioned that the proof is ambiguous and there is not legitimate argument for raising taxes unless it can be proven that there will be a long term increase in revenue.

 

[TurtleDude]

I thought Conservative claiming Obama was the head of the democratic party back when he was just a senator was pretty amusing myself. That is all I set out to correct, I made no claims as to whether it was a good thing or not. Keep trying though, it does amuse me.

Obama never became the de facto head of the DNC until he was the nominee for president. the president is normally considered the leader of his party

 

[SheWolf]

My willfully ignorant friend.........

.........not only did revenues grow after 3 of the largest tax cuts in history.........revenues grew at a faster pace..........but thanks for playing.
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And you know this by calculating ratios? Show me those ratios.

 

[Conservative]

And you know this by calculating ratios? Show me those ratios.

Why is this even an issue? What is wrong with people keeping more of their money vs. giving it to politicians that have created a 14.4 trillion dollar debt? I don't get it. I haven't seen this kind of passion over an issue in a long time and it makes absolutely no sense to me. There is nothing that prevents anyone from sending in more money to the govt. Just Do it and stop trying to spread liberal misery equally to everyone else. I understand liberals fighting for their power but for individuals here to support that ideology is something hard to comprehend.

 

[TurtleDude]

Why is this even an issue? What is wrong with people keeping more of their money vs. giving it to politicians that have created a 14.4 trillion dollar debt? I don't get it. I haven't seen this kind of passion over an issue in a long time and it makes absolutely no sense to me. There is nothing that prevents anyone from sending in more money to the govt. Just Do it and stop trying to spread liberal misery equally to everyone else. I understand liberals fighting for their power but for individuals here to support that ideology is something hard to comprehend.

a lot on the left have the attitude that if they cannot be rich no one else should be so the government should take it. that tend to comes from those who think they should be rich but the "unfair market" has cheated them. the helpless dependent dems who vote for more handouts tend to be different. they have generally conceded they cannot make it (whether that is true or not) and want someone else to take care of them

 

[Conservative]

a lot on the left have the attitude that if they cannot be rich no one else should be so the government should take it. that tend to comes from those who think they should be rich but the "unfair market" has cheated them. the helpless dependent dems who vote for more handouts tend to be different. they have generally conceded they cannot make it (whether that is true or not) and want someone else to take care of them

What a miserable life many must have! I couldn't live like that and I certainly wasn't raised like that. My father was self made, dropped out of school in the 9th grade during the depression and went to work in the CCC Camps in the Northwest for $.50 a day and sent .25 home to his family. that was a tough life but he made it, withouth help from anyone else, started his own business after the war and took great care of his family. I learned a lot from him including work ethic My success is due to what I learned from him.

 

[winston53660]

What a miserable life many must have! I couldn't live like that and I certainly wasn't raised like that. My father was self made, dropped out of school in the 9th grade during the depression and went to work in the CCC Camps in the Northwest for $.50 a day and sent .25 home to his family. that was a tough life but he made it, withouth help from anyone else, started his own business after the war and took great care of his family. I learned a lot from him including work ethic My success is due to what I learned from him.

Ah so your dad benefited from the New Deal.

 

[Conservative]

Ah so your dad benefited from the New Deal.

If you call making .50 a day a great deal. That your idea of a benefit from someone complaining that TX has so many minimum wage jobs that are well above .50 a day adjusted for inflation.