Posted on 02/05/2016 5:24:49 PM PST by central_va
No, he is just a plain ordinary idiot.
This. I was driving one day and listening to his talk radio program and he was discussing religion and the scriptures. I was stunned at how wrong he was. To hear him say it and I am paraphrasing - the bible can mean whatever you want it to mean because it’s all up to the reader.
Good luck with that one!
Guy doesn’t even know the difference between a Falafel and a Loofah.
I wish Trump had just reminded BO that last year we set a record for revenue raised. It’s not revenue that’s the problem. It’s the continued spending of money we don’t have.
“That is factually incorrect. Revenues increased throughout the 80’s. Just like they did in the 60’s following Kennedy’s tax cut”
Sorry, this is subject that I happen to know very well and you are mistaken.
You can’t simply look at the gross tax receipts alone and attribute all of the increase to the stimulus effect of marginal tax rate cuts. That’s what Rush and Hannity and everyone else parrots, but then those parrots don’t sit around reading boring economic studies.
You have to account for the normal business cycle, the stimulus effect of deficit spending, the growth trajectory of the economy due to population increase, and other such factors. The increase in tax revenue is hardly due to rate reductions alone.
The contribution of marginal tax rate reductions was the subject of a study conducted by Lawrence Lindsey when he was at Harvard. Lindsey is a Republican economist, he had worked on Reagan’s Council of Economic Advisers as Senior Staff Economist for Tax Policy, he’s a fan of the Reagan program, so you’re not going to find a more enthusiastic study than his.
His study accounted for all of the factors that you fail to account for because unless you read Lindsey’s study you probably wouldn’t think of them.
Lindsey’s study, which was published as The Growth Experiment, was a complex regression analysis, verified what Reagan’s economists had predicted in the first place. The marginal rate reductions would stimulate enough growth to recover 2/3 of every dollar that the tax cuts “lost” if there was no growth effect. There was a growth effect, as expected, but the rate cuts themselves didn’t increase the Treasury’s income as Gilder and Wanniski and other popularizers of supply side often claimed, and which get endlessly repeated 35 years later.
BOR is only allowed to influence people because he is part of the “dog and pony” show to distract and addict so people will have the correct “perceptions” of the politicians. (Vote Rubio).
He is part of the NWO-—otherwise he would be floating in a river.
To O’Reilly, it’s a milk shake economy...
The fact show revenues grew during that period so you are not really making any sense. Dollars don't come into the treasury marked "from tax cut", "from stimulation" "Form population growth". The mathematical facts are revenue grew 50% in those years 1980-1988.
“The fact show revenues grew during that period so you are not really making any sense.”
You’re arguing with one of the architects of Reagan’s tax policy and not me. I’m just telling you what Lawrence Lindsey wrote in his book after running a study to see how the program he helped to design performed. You’re welcome to do that if you believe that you know the subject better than he does.
Tax revenues also grew throughout the Carter years. A chart simply listing the growth of total tax receipts isn’t sufficient to tell you much of anything.
” Dollars don’t come into the treasury marked “from tax cut”, “from stimulation” “Form population growth”. “
No, but there are ways of finding where the increased dollars did come from and that’s why Lindsey ran a regression analysis to account for the different factors that generated the extra revenue.
I just wanted Trump to utter the phrase "revenues will increase", but I waited in vain.
Sometimes, Trump forgets to "close the deal" and I go bananas. Mentioning "increased revenues for the government" by Trump, and O'Reilly would have folded like a cheap suit.
Leni
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