Posted on 04/28/2017 9:23:29 AM PDT by SeekAndFind
Economic History 101 should be a prerequisite for anyone seeking a degree in economics.
NY Slimes never cared when OBAMA was President.
FAKE Concern from a FAKE News organization.
Odd the same economists had no problem with 0bama racking up debt like a drunken sailor
Odd the same economists had no problem with 0bama racking up debt like a drunken sailor
They have nothing to fear because historically a tax rate cut increased federal revenue year over year.
Doubling the national debt used to be a good idea, if you’re a Democrat. Doubling the national debt used to be a bad idea, if you’re a Republican. Things are different now.
Where were these “Economists” while Obama doubled the National Debt from $10 trillion to $20 trillion?
Also, none of these Economists ever heard of the laffer curve. If you are heavily over taxed and reduce tax RATES, you should see tax REVENUES increase as economic activity booms and more people participate and become tax payers, or work longer and pay taxes on more hours of labor.
The devil is in the details and cutting tax rates too far will cause tax revenues to drop. I expect that is not the case.
Cutting taxes cause people and business who have “gone Galt” and dropped out of the work/tax cycle, to get back working again, or working longer hours. A lot of people went Galt during Ibama’s Reign of Terror. Labor participation plunged. Many millions will come back with a booming economy spurred by appropriate tax cuts.
Whose “economists”? Ours or theirs?
“Economists” fear.
“Many” say.
“Scientists” warn.
“Experts” alarmed.
Always the mystery team of unnamed persons who are meant to mask opinion as fact with the gravitas of authority.
Fake is an understatement.
Stats came out awhile back that the Feds are collecting more revenue than ever before. It’s super high. I say it’s time to cut them down to size. I don’t want them to have anymore money to spend. Period.
Diabolical is the most fitting word for me.
Oh. Now they’re worried about debt?? FU!
Economists Fear Reagan’s Tax Plan Only Heightens a ‘Mountain of Debt’ - 1981
Federal Debt
Homelessness
War Protests
President's vacations
“The deficit is big enough to take care of itself”.
Ronald Reagan
We should slash the amount the Feds are collecting, but it is stupid to do it without also cutting spending.
Critics of the plan are obviously being hypocrites, but it doesn’t mean debt is suddenly OK. The debt is the country’s single biggest problem (maybe second to illegal immigrants), and it has to be dealt with on the spending side.
“An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.” - Laurence J. Peter
After 8 years of monumental debt because of out of control spending, they’re [now] worried about debt? Unbelievable....
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