Trickle down voodoo-economics at work....
- Thread starter Cypress
- Start date
Cancel 2020.1
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Smoke & mirrors measure - seems to have been geared almost exclusively to try to limit damage in the '18 midterms.
This isn't sound fiscal policy. There is no long-term vision here. And it's the only thing that Trump supporters really point to as an "accomplishment."
This isn't sound fiscal policy. There is no long-term vision here. And it's the only thing that Trump supporters really point to as an "accomplishment."
I mean, I think every one but unrepentant Trump fan boys knew this tax cuts for the rich scheme was a disaster before the ink even dried on Dump's signature.
Your opinion seems to be wrong quite often.
What I am looking at are observable, empirical facts that are apparent to anyone with two eyeballs.
CBO accurately predicted George Dumbya Bush's tax cuts for the rich would not pay for themselves, and would lead to increased deficits.
Ronnie Raygun's voodoo economics trickle down tax cuts in 1981 caused massive, systematic, sustained deficits.
Sam Brownbacks much-heralded Kansas trickle down tax cuts bankrupted the state, caused massive deficits, and ultimately required raising taxes again.
When it comes to Trumpian voodoo economics trickledown tax cuts for the rich, there is no way you can put a lipstick on that pig.
cawacko
Well-known member
What you are leaving out of these equations is spending. Contrary to popular belief that Regan slashed spending it grew at a large pace. Just as spending has pretty much since. Reagan's tax cuts ushered in an economic boom in the '80's that went for over a couple of decades.
Here is CBO analysis of Trumps economy. It is disastrous to both debt and deficits. https://www.politico.com/story/2018/04/09/republican-tax-reform-federal-budget-deficit-471311 The deficits will quickly hit almost 2 trillion while the debt will skyrocket.
"What you are leaving out of these equations is spending." c #7
Governor Reagan campaigned against President Carter criticizing Carter for deficit spending.
Reagan campaigned on balanced budgets and paying down the U.S. federal debt.
BUT !!
Once in office, not only did Republican demigod Reagan out-spend President Carter.
Once in office, President Reagan ran up more U.S. federal debt than all the U.S. presidents before him, COMBINED !!
Wadya no ! The Republican demigod, a hypocrite!
"Contrary to popular belief that Regan slashed spending it grew at a large pace." c #7
Governor Reagan campaigned against President Carter criticizing Carter for deficit spending.
Reagan campaigned on balanced budgets and paying down the U.S. federal debt.
BUT !!
Once in office, not only did Republican demigod Reagan out-spend President Carter.
Once in office, President Reagan ran up more U.S. federal debt than all the U.S. presidents before him, COMBINED !!
Wadya no ! The Republican demigod, a hypocrite!
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#AMERICAISDEAD
"What you are leaving out of these equations is spending." c #7
"Contrary to popular belief that Regan slashed spending it grew at a large pace." c #7
Governor Reagan campaigned against President Carter criticizing Carter for deficit spending.
Reagan campaigned on balanced budgets and paying down the U.S. federal debt.
BUT !!
Once in office, not only did Republican demigod Reagan out-spend President Carter.
Once in office, President Reagan ran up more U.S. federal debt than all the U.S. presidents before him, COMBINED !!
Wadya no ! The Republican demigod, a hypocrite!
Did the democrat party which controlled Congress and the purse strings have any role? Or do you subscribe to the singular branch theory of American politics?
cawacko
Well-known member
"What you are leaving out of these equations is spending." c #7
"Contrary to popular belief that Regan slashed spending it grew at a large pace." c #7
Governor Reagan campaigned against President Carter criticizing Carter for deficit spending.
Reagan campaigned on balanced budgets and paying down the U.S. federal debt.
BUT !!
Once in office, not only did Republican demigod Reagan out-spend President Carter.
Once in office, President Reagan ran up more U.S. federal debt than all the U.S. presidents before him, COMBINED !!
Wadya no ! The Republican demigod, a hypocrite!
Go look at the his proposed budget when he first took office. He tried to cut spending but the U.S. isn't a monarchy where the president can do what he wants and the democratic controlled said essentially told him to F off. But yeah, he's a hypocrite because he's not king. Makes sense
If you are suggesting that the Democratic Party had control...
...perhaps you ought to do a bit of Googling.
For 6 of Reagan's 8 years...THE REPUBLICANS controlled the Senate...and in all 8 years of Reagan's terms...he had more than enugh Senate votes to sustain a veto.
cawacko
Well-known member
Budgets start in the House and Tip O'Neil was Speaker all eight years.
countryboy
Verified User
Lol, you idiots just plow ahead as if you knew what you were talking about. Tax cuts have ALWAYS resulted in increased revenue. That is irrefutable. If spending is not curbed, OF COURSE deficits will increase. When have leftist loons EVER promoted spending cuts?
Tax cuts don't have to "pay for themselves" dipshit. Not taking someone's money doesn't "cost" anything.
Once libs are married to a narrative, it cannot be pried from your cold, dead hands.
countryboy
Verified User
I don't know if he is correct about the CBO "accurately predicting" GWB deficits, but he's also "overlooking" the MULTITUDE of times the CBO has been dead wrong on predictions.
cancel2 2022
Canceled
Crypiss has Russian blood, rewriting history is in his genes.
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"For 6 of Reagan's 8 years...THE REPUBLICANS controlled the Senate...and in all 8 years of Reagan's terms...he had more than enugh Senate votes to sustain a veto." FA #12
"Go look at the his proposed budget when he first took office. He tried to cut spending but the U.S. isn't a monarchy where the president can do what he wants and the democratic controlled said essentially told him to F off. But yeah, he's a hypocrite because he's not king. Makes sense" c #11
a) Please inform us IA #10 & c #11 how many times in 8 years President Reagan vetoed a U.S. federal budget bill;
you know, the ones that became law, and more than doubled the federal debt.
b) Governor Reagan campaigned on fiscal conservatism, NOT on winning the Cold War, or SDI.
But toward the end of his presidential tenure, Reagan shoved fiscal responsibility down the river, in his mad scheme to render ICBMs "impotent & obsolete" (take that Putin!).
But if anyone here is still pretending Reagan didn't lie, I'll post his confession.
FIRST: THE LIE
"We did not, repeat did not trade weapons, or anything else, for hostages; nor will we."
President Reagan, * November 13, 1986
THE CONFESSION
"A few months ago I told the American People I did not trade arms for hostages. My heart and my best intentions still tell me that's true. But the facts and the evidence tell me it is not." March 4, 1987
Reagan lied
The Republican demigod lied.
And looky who we have as president now.
Thank the GOP
c) If the presidency is as impotent as you pretend it to be, then please explain why candidate Reagan campaigned on it.
Did Reagan not know Democrats existed while he campaigned.
Do you you know how I know Reagan knew about Democrats? Because Reagan used to be Democrat.
d) "You and I as individuals can, by borrowing, live beyond our means, but for only a limited period of time. Why, then, should we think that collectively, as a nation, we are not bound by that same limitation?" Ronald Reagan's First Inaugural Address, 1981
Reagan lied. Reagan pretended to be a conservative until he took the white house.
After that Reagan did whatever the $#@! he wanted.
Have a nice day.
cawacko
Well-known member
LOL, and I thought I had A.D.D. You point to Iran-Contra to prove he lied about fiscal conservatism. Da Fvck? Did your calendar say wake up and troll this morning?
Irish Exit
Verified User
Not defending Trump's budgets, but if the democrats had won, we would still see huge deficits. It would just be for different reasons.