I didn't realize Joe Biden was joining us here on FR!! Well, Mr Biden, here comes your reward!
I didn't realize Joe Biden was joining us here on FR!! Well, Mr Biden, here comes your reward!
I guess you were out to lunch or recess when this was discussed in your economics class. Let's consider some facts. (You know what facts are, they are those pesky truths that crop up when you make an erroneous statement, and make you look like the fool you are...)
Fact 1: Reagan cut taxes. He dropped the top rate from 78% to 28%. Revenues INCREASED at a rate of over 12%/year, almost DOUBLING in the 8 years he was in office. The deficit increased because Congress increased spending by 19%/year.
Fact 2: Since the Bush tax cuts, not only has the economy taken off, with record unemployment, but budget deficit forecasts have been revised DOWNWARD twice already (that I am aware of), and the Treasury is receiving record revenues. All from TAX CUTS!!!!
Suspending the tax cuts, that are fueling our economy, would be the GROSSEST form of fiscal incompetence. BTW, Bush TRIED to fix Social Security, but the DIMS and the AARP wouldn't even consider it....
BURN, TROLL, BURN!!!!!
