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Seems cantor has figured it out...after 9 years - 8/2/2010 6:11:35 PM   
housesub4you


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Status: offline 		Cantor admits keeping Bush tax cuts for the top 2% would increase the debt, not lower it.

http://thinkprogress.org/2010/08/02/cantor-bush-tax-cuts/

But he still wants to keep them going, and take the money from the middle class,
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RE: Seems cantor has figured it out...after 9 years - 8/2/2010 6:24:00 PM   
willbeurdaddy


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quote:

ORIGINAL: housesub4you

Cantor admits keeping Bush tax cuts for the top 2% would increase the debt, not lower it.

http://thinkprogress.org/2010/08/02/cantor-bush-tax-cuts/

But he still wants to keep them going, and take the money from the middle class,



Too bad thats not what he says.

He says IF you decrease revenues and increase spending then the deficit grows. But he repeats that job creation and growing the economy depends on not increasing taxes. He hasnt renounced supply side.

(in reply to housesub4you)
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RE: Seems cantor has figured it out...after 9 years - 8/2/2010 8:29:14 PM   
thornhappy


Posts: 8596
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Status: offline 		When are folks going to realize that "voodoo economics" (term courtesy of Bush 41) doesn't work?

(in reply to willbeurdaddy)
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RE: Seems cantor has figured it out...after 9 years - 8/2/2010 8:37:07 PM   
DarkSteven


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quote:

ORIGINAL: thornhappy

When are folks going to realize that "voodoo economics" (term courtesy of Bush 41) doesn't work?


The GOP has stated that it does, and has no intention of renouncing that.  It's an article of Republican faith now, even though anyone following Bush 43 would be hard pressed to make a case.

The Dems are terrified to tell everyone that the emperor has no clothes.  It's be like saying that there is no Santa Claus.




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RE: Seems cantor has figured it out...after 9 years - 8/2/2010 9:25:00 PM   
willbeurdaddy


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quote:

ORIGINAL: thornhappy

When are folks going to realize that "voodoo economics" (term courtesy of Bush 41) doesn't work?


When are you and Kendoll going to stop denying the empircal proof that it has worked?

(in reply to thornhappy)
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RE: Seems cantor has figured it out...after 9 years - 8/2/2010 9:31:41 PM   
jlf1961


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quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: thornhappy

When are folks going to realize that "voodoo economics" (term courtesy of Bush 41) doesn't work?


When are you and Kendoll going to stop denying the empircal proof that it has worked?



Explain, if you please, how it has worked since the current financial crisis began under Bush? I would call the economic policy that led to the current crisis a failure of near biblical proportions, or are you going to say that even though it began under the Bush administration policies that it was actually Obama's fault?

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(in reply to willbeurdaddy)
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RE: Seems cantor has figured it out...after 9 years - 8/2/2010 9:40:04 PM   
willbeurdaddy


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quote:

ORIGINAL: jlf1961


quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: thornhappy

When are folks going to realize that "voodoo economics" (term courtesy of Bush 41) doesn't work?


When are you and Kendoll going to stop denying the empircal proof that it has worked?



Explain, if you please, how it has worked since the current financial crisis began under Bush? I would call the economic policy that led to the current crisis a failure of near biblical proportions, or are you going to say that even though it began under the Bush administration policies that it was actually Obama's fault?


The economy was doing great, especially considering the recession he started with and 9/11. The housing and CDS situation that precipitated the current crisis was not "economic policy" to start with, but more importantly had its roots in the repeal of Glass-Steagall, long before GWB. Bush pushed for reform of Fannie and Freddie which might have mitigated a lot of the problems, but was shot down by a Democrat controlled Congress.

What is Obama's fault is the length of the recession and the anemic recovery, but he can actually claim he inherited the problems...just not from GWB, from his own party.

(in reply to jlf1961)
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RE: Seems cantor has figured it out...after 9 years - 8/3/2010 12:20:46 AM   
MrRodgers


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quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: housesub4you

Cantor admits keeping Bush tax cuts for the top 2% would increase the debt, not lower it.

http://thinkprogress.org/2010/08/02/cantor-bush-tax-cuts/

But he still wants to keep them going, and take the money from the middle class,



Too bad thats not what he says.

He says IF you decrease revenues and increase spending then the deficit grows. But he repeats that job creation and growing the economy depends on not increasing taxes. He hasnt renounced supply side.

He should...supply-side requires a freeze on spending no dollars spent not cut from somewhere else. Every president has allowed spending increases almost everywhere (except Clinton & with a repub senate) seen as politically vital.

This was exemplified most recently when Bush & Co. followed those cuts with Homeland Sec.'s huge bureaucracy, the largest Trans bill (2006) in history lathered with $billions in pork and then added $billions in a new drug benefit on top of medicare.

Let's face facts...raise taxes, cut spending, extend soc. sec eligibility. Everything is on the table...everything !!



(in reply to willbeurdaddy)
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RE: Seems cantor has figured it out...after 9 years - 8/3/2010 6:02:42 AM   
Sanity


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Dont look now but I think youre standing in a big steaming pile of Carter economics.

quote:

ORIGINAL: thornhappy

When are folks going to realize that "voodoo economics" (term courtesy of Bush 41) doesn't work?


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RE: Seems cantor has figured it out...after 9 years - 8/3/2010 9:47:10 AM   
willbeurdaddy


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quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: housesub4you

Cantor admits keeping Bush tax cuts for the top 2% would increase the debt, not lower it.

http://thinkprogress.org/2010/08/02/cantor-bush-tax-cuts/

But he still wants to keep them going, and take the money from the middle class,



Too bad thats not what he says.

He says IF you decrease revenues and increase spending then the deficit grows. But he repeats that job creation and growing the economy depends on not increasing taxes. He hasnt renounced supply side.

He should...supply-side requires a freeze on spending no dollars spent not cut from somewhere else. Every president has allowed spending increases almost everywhere (except Clinton & with a repub senate) seen as politically vital.

This was exemplified most recently when Bush & Co. followed those cuts with Homeland Sec.'s huge bureaucracy, the largest Trans bill (2006) in history lathered with $billions in pork and then added $billions in a new drug benefit on top of medicare.

Let's face facts...cut taxes, cut spending, extend soc. sec eligibility. Everything is on the table...everything !!





FYP

(in reply to MrRodgers)
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RE: Seems cantor has figured it out...after 9 years - 8/3/2010 9:54:17 AM   
DomKen


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quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: thornhappy

When are folks going to realize that "voodoo economics" (term courtesy of Bush 41) doesn't work?


When are you and Kendoll going to stop denying the empircal proof that it has worked?

When you present some evidence that it works. Not lies where you had to make up your own math to make it look like supply side theory worked.

(in reply to willbeurdaddy)
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RE: Seems cantor has figured it out...after 9 years - 8/3/2010 11:29:44 AM   
Moonhead


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quote:

ORIGINAL: willbeurdaddy
The economy was doing great, especially considering the recession he started with and 9/11.

It depends on how you define "doing great". Given that you consider the surplus he started with a deficit, I think this may be one of those fantasy island economic models you seem to have a taste for, the ones that can't be argued because they bear no resemblance to reality. You'll be quoting Rush lyrics next.

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RE: Seems cantor has figured it out...after 9 years - 8/3/2010 4:28:48 PM   
housesub4you


Posts: 1879
Joined: 4/2/2008
Status: offline 		A tax cut equals a tax expenditure, (ie; you have less money coming in because you agree not to collect the taxes) Reagan started this whole thing with deficits do not matter and then Bush, Clinton and Bush threw the middle class into the fire.

The GOP knows that a tax cut means you are not collecting as much, so you need to cut somewhere to cover the loss of revenue, but instead they use fake income (ie; the super wealthy will invest in this country, which they have NOT with their tax savings, instead they took the money closed up shop in the USA and moved to cheap labor markets) thus throwing 750,000 a month out of jobs when Bush left office and we are where we are today.

GOP supporters making the same claims that have been proven wrong, even Greenspan has said so but still you drink the kool-aid.  Wake up and look at facts after you hear the talking points spewed by the GOP

(in reply to thornhappy)
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RE: Seems cantor has figured it out...after 9 years - 8/3/2010 4:43:03 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
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quote:

ORIGINAL: housesub4you

A tax cut equals a tax expenditure, (ie; you have less money coming in because you agree not to collect the taxes) Reagan started this whole thing with deficits do not matter and then Bush, Clinton and Bush threw the middle class into the fire.

The GOP knows that a tax cut means you are not collecting as much, so you need to cut somewhere to cover the loss of revenue, but instead they use fake income (ie; the super wealthy will invest in this country, which they have NOT with their tax savings, instead they took the money closed up shop in the USA and moved to cheap labor markets) thus throwing 750,000 a month out of jobs when Bush left office and we are where we are today.

GOP supporters making the same claims that have been proven wrong, even Greenspan has said so but still you drink the kool-aid.  Wake up and look at facts after you hear the talking points spewed by the GOP



Youre the one spewing talking points. Google "supply side successes" and the numbers are all there for those that arent too lazy or intellectually dishonest to read.

let the ad hominen begin

< Message edited by willbeurdaddy -- 8/3/2010 4:44:58 PM >

(in reply to housesub4you)
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RE: Seems cantor has figured it out...after 9 years - 8/3/2010 5:02:28 PM   
housesub4you


Posts: 1879
Joined: 4/2/2008
Status: offline 		As are the CBO's which when they support their party the GOP love, but whenit proves them wrong they discount them

Besides the google search just brings up rights paid sites to support their claims,  hell anyone can but BS online, does not mean it is based on fact, just like Fox news

Here is more GOP   BS hell he spins himself, I can;t talk about our agenda (because it screws everyone but the super wealthy) but I would if i could

http://thinkprogress.org/2010/08/03/mcconnell-refuses-agenda/

If the GOP plan is so great where is it, seems they have been promising one since Bush lost, but all they offer is tax cuts to the top 2%


< Message edited by housesub4you -- 8/3/2010 5:07:01 PM >

(in reply to willbeurdaddy)
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RE: Seems cantor has figured it out...after 9 years - 8/3/2010 5:07:02 PM   
pahunkboy


Posts: 33061
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From: Central Pennsylvania
Status: offline 		Lower taxes are a good thing.

(in reply to housesub4you)
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RE: Seems cantor has figured it out...after 9 years - 8/3/2010 5:48:55 PM   
housesub4you


Posts: 1879
Joined: 4/2/2008
Status: offline 		Then you support O'bama's tax cuts?


< Message edited by housesub4you -- 8/3/2010 5:50:56 PM >

(in reply to pahunkboy)
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RE: Seems cantor has figured it out...after 9 years - 8/3/2010 6:21:55 PM   
AnimusRex


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Joined: 5/13/2006
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quote:

ORIGINAL: willbeurdaddy
When are you and Kendoll going to stop denying the empircal proof that it has worked?


Interesting article, written by Andrew Samwick, a real llive economist-

Restated, if these tax cuts raised revenue, then why not keep cutting them until the point at which revenues actually begin to fall? I presume the reason is that none of the proponents of this line of argument have any idea what the revenue-maximizing tax rate is. They only like to assert that we must have been past it because tax revenues eventually went up at some point after the tax rates were cut (ignoring the obvious counterfactual that it was economic growth unrelated to the tax cuts that pushed revenues higher and that they would have been even higher at the higher tax rates).

So the next question is simply, "What do the experts on your staff tell you that the top marginal tax rate should be in order to maximize tax revenues, leaving everything else about the tax code the same?"

Basically, if cutting tax rates produces higher revenues, then does cutting taxes to zero result in infinite revenue?

I am betting even the Republicans here don't think that.

So what is the ideal tax rate, that produces maximum revenue?

Anybody?

Bueller?

< Message edited by AnimusRex -- 8/3/2010 6:23:10 PM >

(in reply to willbeurdaddy)
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RE: Seems cantor has figured it out...after 9 years - 8/3/2010 8:03:32 PM   
housesub4you


Posts: 1879
Joined: 4/2/2008
Status: offline 		There you go, screwing up the GOP talking points with facts......  Shame on you

(in reply to AnimusRex)
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