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

[Sheik Yerbuti]

Obama inherited what he helped create as a Senator in Congress which was under Democrat control in 2008.

Sorry, but that doesn't wash either. The economic disaster was caused by systemic problems over many years. They did not begin in 2008.

The Obama record speaks for itself as does the 40% approval ratings. Keep referencing Bush to divert from the Obama record.

Bush gave us this mess -- why shouldn't I blame him?

 

[Conservative]

I wonder.......

wait

I know you would not be saying the same thing had McCain become President.


And not because of some miraculous recovery.

:lamo

We will never know but I doubt that McCain would have thrown 800 billion in so called stimulus down the rat hole.

 

[Conservative]

Sorry, but that doesn't wash either. The economic disaster was caused by systemic problems over many years. They did not begin in 2008.


Bush gave us this mess -- why shouldn't I blame him?

What did the Democrats in total control of the legislative process and purse strings do to prevent it?

 

[Sheik Yerbuti]

Can you show me where Conservatives have cut spending?

1995-2000, Republicans controlled the Congress and cut Clinton budgets but still generated a debt, not the trillions Obama has added with total control of the Congress

That's odd because when I look at that gragh, I see spending rising betweem 1995 and 2000. How do you not see that?

 

[Conservative]

That's odd because when I look at that gragh, I see spending rising betweem 1995 and 2000. How do you not see that?

You asked when conservatives have cut spending and conservatives cut the Clinton budgets, that is cutting spending but as pointed out, not enough to prevent debt.

 

[Sheik Yerbuti]

We will never know but I doubt that McCain would have thrown 800 billion in so called stimulus down the rat hole.

You said that 800 billion dollar stimulus created or saved 3.5 million jobs. So according to you, McCain would have lost those jobs and we'd have an underemployment rate at around 19% with some 29 million underemployed.

Not a problem for you, no doubt you would have been laying 100% of the blame on the Democratic Congress and not the president. :roll:

 

[Sheik Yerbuti]

What did the Democrats in total control of the legislative process and purse strings do to prevent it?

Again, the problems began years before then. After all the discussion about the housing crisis you've particiapted in, how can you still believe the problems began in 2007?

 

[pbrauer]

Lets look at what really happened. Bush gave tax breaks to everyone, he then turned around and borrowed money from China to fight his war on terror.

Typical liberal revisionist history

Please show why this is revisionist history. Name any President that gives tax breaks during a time of war?

 

[Sheik Yerbuti]

You asked when conservatives have cut spending and conservatives cut the Clinton budgets, that is cutting spending but as pointed out, not enough to prevent debt.

Again ... spending increased during those years. Look at the chart.

 

[Sheik Yerbuti]

Please show why this is revisionist history.

Good luck, friend.

 

[Conservative]

Please show why this is revisionist history. Name any President that gives tax breaks during a time of war?

We weren't in a war when Bush proposed the tax cuts but we were in recession. The two wars didn't create the current 14.5 trillion dollar debt. the Current wars are about 1.3 trillion of that debt. Where did the rest come from? Liberalism

 

[pbrauer]

Sorry, but that doesn't wash either. The economic disaster was caused by systemic problems over many years. They did not begin in 2008.


Bush gave us this mess -- why shouldn't I blame him?

Yeah, and at a fundraiser in Texas his comment was "Wall Street is drunk."

 

[Conservative]

Yeah, and at a fundraiser in Texas his comment was "Wall Street is drunk."

U.S. Debt Reaches 100 Percent of Country's GDP - FoxNews.com

 

[pbrauer]

We weren't in a war when Bush proposed the tax cuts but we were in recession. The two wars didn't create the current 14.5 trillion dollar debt. the Current wars are about 1.3 trillion of that debt. Where did the rest come from? Liberalism

:shock: Didn't 911 happen, was that all a terrible dream I had?

 

[Sheik Yerbuti]

We weren't in a war when Bush proposed the tax cuts but we were in recession.

We were at war in 2003 on the day Bush signed the biggest of those tax cuts.

The two wars didn't create the current 14.5 trillion dollar debt. the Current wars are about 1.3 trillion of that debt. Where did the rest come from? Liberalism

Only if Republican presidents constitute your idea of Liberalism.

Not accounting for inflation,

Reagan, Bush I and Bush II added 8 trillion of that debt.

 

[Conservative]

:shock: Didn't 911 happen, was that all a terrible dream I had?

Yes, the date was September 11, 2001, the Bush tax cuts were passed and signed in June 2001 which I believe is well before September 11.

 

[Conservative]

We were at war in 2003 on the day Bush signed the biggest of those tax cuts.


Only if Republican presidents constitute you idea of Liberalism.

Not accounting for inflation,

Reagan, Bush I and Bush II added 8 trillion of that debt.

Didn't know that Bush was in office until Sept. 30, 2009, you need to correct the record.

 

[pbrauer]

U.S. Debt Reaches 100 Percent of Country's GDP - FoxNews.com

WTF does this have to do with what I posted. BTW, Bush contributed most of that debt. Tax cut, wars, Medicare

 

[Sheik Yerbuti]

Didn't know that Bush was in office until Sept. 30, 2009, you need to correct the record.

Oh? What exactly do you think I got wrong?

 

[Conservative]

WTF does this have to do with what I posted. BTW, Bush contributed most of that debt. Tax cut, wars, Medicare

LOL, again with the tax cuts as an expense yet you have never explained where that is in the budget and how growing revenue causes deficits. tax cuts never cause deficits, spending does. Medicare? What was the Democrat Plan for Medicare, more or less than the Bush program?

 

[pbrauer]

Yes, the date was September 11, 2001, the Bush tax cuts were passed and signed in June 2001 which I believe is well before September 11.

The biggest tax cut was 2003, you know this.

 

[Conservative]

The biggest tax cut was 2003, you know this.

The biggest tax cut was indeed in 2003 and led to the following increase in govt. revenue from FIT or over 900 billion dollars

2003 2047.9
2004 2213.2
2005 2546.8
2006 2807.4
2007 2951.2

Then there is that pesky little thing known as GDP

2003 11142.10
2004 11867.80
2005 12638.40
2006 13398.90
2007 14077.60

 

[pbrauer]

LOL, again with the tax cuts as an expense yet you have never explained where that is in the budget and how growing revenue causes deficits. tax cuts never cause deficits, spending does. Medicare? What was the Democrat Plan for Medicare, more or less than the Bush program?

You are all about semantics. Tax cuts lower the revenue, they don't necessarily cause deficits. Most credible conservative economists agree with this. The Democrats wanted Medicare to negotiated with the drug companies like the Veterans Administration does.

 

[pbrauer]

The biggest tax cut was indeed in 2003 and led to the following increase in govt. revenue from FIT or over 900 billion dollars

2003 2047.9
2004 2213.2
2005 2546.8
2006 2807.4
2007 2951.2

Then there is that pesky little thing known as GDP

2003 11142.10
2004 11867.80
2005 12638.40
2006 13398.90
2007 14077.60

There is also that pesky think about Bush borrowing money from China. And Cheney saying deficits don't matter.

 

[Conservative]

You are all about semantics. Tax cuts lower the revenue, they don't necessarily cause deficits. Most credible conservative economists agree with this. The Democrats wanted Medicare to negotiated with the drug companies like the Veterans Administration does.

Tax cuts lower the revenue until human behavior kicks in and people see more money in their take home pay. If everything stays the same yes tax cuts will lower revenue but tax cuts make it easier for economic growth which spurs job creation and new tax payers, something liberals don't seem to understand. Right now 24 million unemployed or under employed Americans are paying very little in taxes and raising taxes does nothing to put these people back to work