frank wrote:
:
:
: Yes, and you know JFK changed that because it was ****ing up the
: economy so badly, right?
:
:
:No Fred you're a liar and an idiot.
:

Well, there's a telling and fact-based rebuttal.

About what one would expect from a political shill like Frank.

:
:He cut taxes as there was no government spending or deficit at the
:time and he was concerned that there would be too much money in the
:Federal treasury and that would distort the economy.
:
:We have not been in that condition since.
:

We weren't in that condition THEN, either. You just don't really let
reality intrude, do you, Frank? Public debt was a higher percentage
of GDP *THEN* than it is now (45% vs 38%).

A few quotes for you to show you what JFK was thinking. I doubt it
will change your silly misinterpretation, above, since you don't let
reality affect your opinions, but perhaps this time will be the first
and you will like the change.


"It is a paradoxical truth that tax rates are too high and tax
revenues are too low and the soundest way to raise the revenues in the
long run is to cut the rates now ... Cutting taxes now is not to incur
a budget deficit, but to achieve the more prosperous, expanding
economy which can bring a budget surplus."

– John F. Kennedy, Nov. 20, 1962, president's news conference


"Lower rates of taxation will stimulate economic activity and so raise
the levels of personal and corporate income as to yield within a few
years an increased – not a reduced – flow of revenues to the federal
government."

– John F. Kennedy, Jan. 17, 1963, annual budget message to the
Congress, fiscal year 1964


"In today's economy, fiscal prudence and responsibility call for tax
reduction even if it temporarily enlarges the federal deficit – why
reducing taxes is the best way open to us to increase revenues."

– John F. Kennedy, Jan. 21, 1963, annual message to the Congress: "The
Economic Report Of The President"


"Our tax system still siphons out of the private economy too large a
share of personal and business purchasing power and reduces the
incentive for risk, investment and effort – thereby aborting our
recoveries and stifling our national growth rate."

– John F. Kennedy, Jan. 24, 1963, message to Congress on tax reduction
and reform, House Doc. 43, 88th Congress, 1st Session.


"A tax cut means higher family income and higher business profits and
a balanced federal budget. Every taxpayer and his family will have
more money left over after taxes for a new car, a new home, new
conveniences, education and investment. Every businessman can keep a
higher percentage of his profits in his cash register or put it to
work expanding or improving his business, and as the national income
grows, the federal government will ultimately end up with more
revenues."

– John F. Kennedy, Sept. 18, 1963, radio and television address to the
nation on tax-reduction bill


"Our present tax system ... exerts too heavy a drag on growth ... It
reduces the financial incentives for personal effort, investment, and
risk-taking ... The present tax load ... distorts economic judgments
and channels an undue amount of energy into efforts to avoid tax
liabilities."

– John F. Kennedy, Nov. 20, 1962, press conference


"In short, it is a paradoxical truth that ... the soundest way to
raise the revenues in the long run is to cut the rates now. The
experience of a number of European countries and Japan have borne this
out. This country's own experience with tax reduction in 1954 has
borne this out. And the reason is that only full employment can
balance the budget, and tax reduction can pave the way to that
employment. The purpose of cutting taxes now is not to incur a budget
deficit, but to achieve the more prosperous, expanding economy which
can bring a budget surplus."

– John F. Kennedy, Nov. 20, 1962, news conference

:
:With the rising debt (doubled under this idiot), and the interest in
:the debt, up to $405 billion this year, WE NEED TO **** CAN the tax
:cuts. WHY DO YOU THINK REAGAN HAD THE LARGEST TAX INCREASE IN HISTORY
:RIGHT AFTER HE HAD THE LARGEST TAX CUT? IT DID NOT WORK. IT WAS VOODOO
:ECONOMICS. Bush I was right in that case.
:

And debt is still not at the level it was at under JFK. It also
hasn't "doubled" in any real terms, although it has gone up (which
usually happens when you're fighting a war). In 2000 public debt was
a bit over 35% of GDP. Now it's about 38% of GDP (predicted for
2008). For historical comparison, that number in 1950 (coming out of
WWII and into Korea and the Cold War) was OVER 80% OF GDP.

As for your all uppercase statement, I think you're lying. Let's see
a cite.

:
:You may think you have a degree in the field but you're an idiot who
:doesn't know what he's talking about.
:
:Go back in your cage and play with your feces until its feeding time.
:

Now there's a telling factual analysis in rebuttal.

You're pathetic, Frank.

--
"False words are not only evil in themselves, but they infect the
soul with evil."
-- Socrates