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nah, national politics do not affect me psychologically like they do some people. i use strong language but in reality i am very detached from it.
Yea, that wwas really mean't as light hearted sarcasm. I can imagin the extremists on both sides spending a great deal of time sloshed just to get through their days.
Were you around during Carter and Reagan? I'd bet you weren't, or maybe a young child at the time.
According to your charts the Carter years look like a boom time. That's hardly the case. I was there and believe me, it sucked! I can also tell you that the Reagan years were some of the best years ever (happy days). You can throw all the charts up that make your arguments sound credible, but anyone who had to pay bills, buy gas and pay rent during those 12 years will tell you that Carter was a horrible President and it took Reagan his first four years to turn his fiasco around.
You are confusing the state of the economy with government revenues. What Reagan claimed was that by cutting taxes, economic activity would rise so much that the lower tax rates would yield more revenue. It didn't happen. There is no way you had intuitive feeling about government revenue.
It's also easy to see why lower tax rates don't yield more revenue. This example will show you. Let's say we have a $10 trillion GDP and federal revenues are $2.5 trillion with a 50% tax rate. Then, you decide to drop tax-rates to 35%. GDP would need to rise to over $14 trillion just to yield the same revenue.
What you remember from 30 years ago is biased. While you may remember Carters last really bad year, you may not remember the good years. Carter's GDP gains were equal to Reagan. That's not subject to opinion. GDP is measurable.
When you reduce the price of something the demand increases. When airline fares dropped after deregulation everyone wanted to fly. Computers have been dropping in price for years and many are not satisfied with just one. And when taxes, the price of government, went down, voters demanded more from government. Far from starving the beast, it makes it grow faster.
Top Ten Liberal plans to deal with the US debt:
10. Print more money and pay it off.
9. Borrow more money and pay it off.
8. Borrow more money and hope somebody else pays it off.
7. Don't worry about it, our grandkids and great grandkids can pay it off.
6. Just don't pay it off, good luck the debt collectors making you pay.
5. Sell a state off one by one until the debt is paid.
4. Just take all the money the rich people have.
3. Borrow more money and spend more until the debt is paid.
2. Tax water, air, walking, talking, sex, dancing, the list is endless.
1. Plant a money tree.
Because people have paid into the system for decades and have been made promises. That's why it is phased-in.
And so have people who would not be "affected" (a key word used by Paul Ryan in a TV ad). So, why even try to sell the idea if the plan is a good thing going forward? Won't it be a great thing to fulfill the promises made to those who will qualify for (can I call it?) the lame system over next 10 years? Never mind that three people are paying for one Medicare recipient from the past.
Quote:
If LBJ's promises are so good, why can't we afford to honor them?
I want what was promised to me, but I'm unwilling to bankrupt a generation too young to stop us.
So does someone who is 11 years out. Are you saying Paul Ryan's plan is going to be worse than LBJ's plan?
At least type it in proper case, if that is the best argument you can put forth.
Redundant and tired.
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