MrRodgers -> RE: New GOP Tax Plan (11/13/2017 9:43:40 PM)
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ORIGINAL: DesideriScuri quote:
ORIGINAL: MrRodgers All dis-ingenuousness aside, It is precisely because we still had a projected surplus and were headed into recession, that we are told, to vote for R's and conservatives to do what ? Be conservative...do nothing. Do not in any case cut taxes and borrow to cover their ass. There was simply no feasible rationale for W's 01 ond 03 tax cuts and by then financing two wars and in addition to entering a new war on terror. When did the tax cuts start? 2001, right? When did the "two wars" start? Oh, yeah, after that. The first of 2 tax cuts was in response to the economic doldrums following the dotcom bubble burst. The economy got a second gutpunch on 9/11 which was also after the initial phases of the 2001 tax cuts. The cuts in 2003 were set in place because the economy still wasn't picking up well. Yes, the Bush Administration saw an incredible increase in spending (175% or so compared to Clinton's final annual outlay), and he should be roundly criticized for that. The numbers aren't tough to find. Revenues under Bush eventually hit yearly records. Cliinton's Receipts:(1993-2000) = $12.37T (1994-2001) = $13.21T Bush's Receipts:(2001-2008) = $17.16T (2002-2009) = $17.27T You choose which 8-year period you'd like to compare. If the Bush tax cuts were so horrendous, why were they continued after Congress went to the Democrats, especially after Obama was sworn in? quote:
Funny how Clinton who also inherited a recession, raised taxes, created an operating surplus (enough to retire billion$ in US debt) created 20 million jobs and we are still to believe this repub mathematically grotesque rhetoric again on the pros and cons of tax cuts ? What happened to "all dis-ingenuousness aside?" You're comparing the S&L crisis to the dotcom bubble burst?!? LMMFAO!!! Can you possibly get more partisan? Oh, yes, you can. Obviously, raising taxes led to the huge expansion due to the internet being used by businesses. OMG, you're such a partisan hack, I can't even believe I'm wasting my time arguing with you. This is a change in your replies DS. I have history and the facts behind me, therefore I am not being partisan at all and simply wonder where all of this fiscal conservatism is. Debt in 2001 $5.6 trillion. Debt on 2008 $13 trillion. No tax cuts ever increases revenue unless you lower cap gains which Bush did and as I've stated before, results in a short term windfall on those gains, now realized because of the discount. Those mere billion$ in that 'windfall' put no dent into the trillion$ of borrowing. Even in a lecture delivered by a writer for National Review, asked how is it that people should vote for repubs because they were small govt., fiscally sound ? When in the last 40 or more years have these people when in power, ever shown us that they are small govt., fiscal conservatives ? They haven't and still aren't.
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