| Home |
| Search |
| Today's Posts |
|
#8
posted to rec.boats
|
|||
|
|||
the success of the bush tax cuts
On 09/06/2011 7:59 PM, wf3h wrote:
On Thu, 09 Jun 2011 12:46:02 -0600, wrote: On 09/06/2011 10:36 AM, wrote: On Wed, 08 Jun 2011 17:37:30 -0400, wrote: but, then, you simply say it's the black guy's fault In this case it was. If Obama wanted the Bush tax cuts to expire, all he had to do was to veto the extension bill. There was not a veto proof support for the extension These are now the Obama tax cuts. Besides, the amounts were talking about, would be like using tooth picks to save the titanic after its side was riped open. The cuts are not that much in the $1.6 trillion, $2 trillion US Fed level corruption spend. The real problem is that DC is living well beyond its means, sort of like having an income of $10K/mo but spending $25K/mo. Will not last long before real trouble starts, and in fact it already has. USD has lost 30% value in just 4 years against the Yuan. the real problem is that the right believes supply side mythology so insists you can cut taxes and balance the budget Actually yes. Study the elasticity in pricing, taxes too have elasticity. Too low or too high and the benefits to society diminish. Trouble now is that it is too high. Look at any nation having trouble, some toxic mix of debt and taxes is the issue. Look at any economy doing well, debt and taxes are much much less. That is the growing economies of the world have less debt and less taxes. -- Government isn't the solution to the bad economy, it is the problem. |
| Thread Tools | Search this Thread |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Forum | |||
| Great minds on tax cuts... | General | |||
| Bush's tax cuts - EVIL!!!! | ASA | |||
| Real humans modify the monkey's tax cuts | General | |||
| OT The Bush tax cuts | ASA | |||
| OT - So tax cuts don't work? | ASA | |||
![Canuck57[_9_] is offline](https://www.boatbanter.com/images/SultanThemeVB3R/statusicon/user_offline.gif)
Threaded Mode
