jlf1961
Posts: 14840
Joined: 6/10/2008 From: Somewhere Texas Status: offline
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quote:
ORIGINAL: willbeurdaddy quote:
ORIGINAL: Musicmystery Really. Independents demanded tax cuts? That's gonna fix the deficit...more magic Reaganomics that started the debt skyrocket? Yeah. That must be it. They most certainly were demanding spending cuts and continuation of the Bush tax cuts, and there was a swing of over 25 points from 2008 to 2010 amongst independents. But why let facts get in the way. And Reagonmics didnt start the debt explosion. It put off the debt explosion started by Johnson. "President Ronald Reagan's record includes sweeping economic reforms and deep across-the-board tax cuts, market deregulation, and sound monetary policies to contain inflation. His policies resulted in the largest peacetime economic boom in American history and nearly 35 million more jobs. As the Joint Economic Committee reported in April 2000:2 In 1981, newly elected President Ronald Reagan refocused fiscal policy on the long run. He proposed, and Congress passed, sharp cuts in marginal tax rates. The cuts increased incentives to work and stimulated growth. These were funda-mental policy changes that provided the foundation for the Great Expansion that began in December 1982." "Though Reagan promised deep cuts in domestic spending, that did not turn out to be the case. Indeed, overall welfare spending increased during the Reagan presidency -- primarily because Reagan could not overcome, even with vetoes and the bully pulpit of the White House, the spending impulses of Congress, which, after all, signed the checks. Throughout his two terms, he was confronted by Democrats still enthralled by the New Deal as well as Republicans (particularly in the Senate) still mesmerized by its political appeal." But why let facts get in the way. Actually, if you want to talk facts, the majority of Americans wanted to extend the tax cuts on the middle and lower classes, not the wealthy.
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Boy, it sure would be nice if we had some grenades, don't you think? You cannot control who comes into your life, but you can control which airlock you throw them out of. Paranoid Paramilitary Gun Loving Conspiracy Theorist AND EQUAL OPPORTUNI
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