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Really??? Does nobody give credit to the authors anymore? I'll not even bother reading any more of that post either.
As the Center for American Progress put it: “The economy most certainly would have grown at a faster rate were it not for the ongoing political brinksmanship over the debt ceiling and the risk of sharp fiscal contraction in the form of the pending automatic ‘sequestration’ budget cuts.”
From my previous post:
I agree with the article...so I put it up......I meant to copy the URL.......You'll just have to forgive me on that one if you can find it in your heart.
The deflection is interesting though...Most people argue the point instead of whining about it's source. Can we take this as you not having a rebuttal?
As others have said, federal income tax is the lowest it's been in our lifetimes and then some.
Back in the 50's the highest tax bracket was in excess of 90%, necessary to pay down the accumulated debt of the Great Depression and WW2. It seems that people then, understood and took care of business instead of blaming and kicking the can into the future.
That portion of one's earned income greater than $400/$450K is now subject a higher rate than it was prior to 2001/3. Those tax cuts were not offset with reduced spending and contributed to the debt that almost doubled during Bush's 2 terms. This does not mean, the cuts were soley responsible for the debt.
Loyal Republicans also were not concerned when Reagan substantially increased Payroll taxes and then use that incremental income for defitic spending -contributing to an accumulated doubling of the national debt over his two terms. They also did not seem concerned when Reagan, the advocate of a balanced budget, never not once, submitted a balanced budget.
Right now, is a bipartisan accumulation of lousy legislation, fiscal planning/kicking the can over the past 40 years. But heck, we all need a hobby so continue to keep your beak in the sand and play the "Blame the Obama" game.
As others have said, federal income tax is the lowest it's been in our lifetimes and then some.
Back in the 50's the highest tax bracket was in excess of 90%, necessary to pay down the accumulated debt of the Great Depression and WW2. It seems that people then, understood and took care of business instead of blaming and kicking the can into the future.
That portion of one's earned income greater than $400/$450K is now subject a higher rate than it was prior to 2001/3. Those tax cuts were not offset with reduced spending and contributed to the debt that almost doubled during Bush's 2 terms. This does not mean, the cuts were soley responsible for the debt.
Loyal Republicans also were not concerned when Reagan substantially increased Payroll taxes and then use that incremental income for defitic spending -contributing to an accumulated doubling of the national debt over his two terms. They also did not seem concerned when Reagan, the advocate of a balanced budget, never not once, submitted a balanced budget.
Right now, is a bipartisan accumulation of lousy legislation, fiscal planning/kicking the can over the past 40 years. But heck, we all need a hobby so continue to keep your beak in the sand and play the "Blame the Obama" game.
They'd rather b*tch about the source of the argument than defend their "beliefs."
I agree with the article...so I put it up......I meant to copy the URL.......You'll just have to forgive me on that one if you can find it in your heart.
The deflection is interesting though...Most people argue the point instead of whining about it's source. Can we take this as you not having a rebuttal?
We already had one plagiarist so you'll forgive me if I inferred you as well. BTW, you only made mention of the article after someone brought it to your attention, so get off your high horse.
Can you cite these Republicans who "argue that our disappointing jobs performance has somehow been caused by excessive government spending, which crowds out private job creation."
Yes, Mitt Romney made it one of his campaign mottoes.
Quote:
Originally Posted by OICU812
I've not heard this case made, except by PAUL KRUGMAN who said exactly the same thing. Amazing how you and PAUL are so in tune on this very thought, very curious indeed.
It wasn't exact, it was similar but you don't have any idea how being accused of being in the same mindframe and intellectual company of Paul Krugman is indeed a compliment. Now, all I need is the Nobel.
As others have said, federal income tax is the lowest it's been in our lifetimes and then some.
Back in the 50's the highest tax bracket was in excess of 90%, necessary to pay down the accumulated debt of the Great Depression and WW2. It seems that people then, understood and took care of business instead of blaming and kicking the can into the future.
That portion of one's earned income greater than $400/$450K is now subject a higher rate than it was prior to 2001/3. Those tax cuts were not offset with reduced spending and contributed to the debt that almost doubled during Bush's 2 terms. This does not mean, the cuts were soley responsible for the debt.
Loyal Republicans also were not concerned when Reagan substantially increased Payroll taxes and then use that incremental income for defitic spending -contributing to an accumulated doubling of the national debt over his two terms. They also did not seem concerned when Reagan, the advocate of a balanced budget, never not once, submitted a balanced budget.
Right now, is a bipartisan accumulation of lousy legislation, fiscal planning/kicking the can over the past 40 years. But heck, we all need a hobby so continue to keep your beak in the sand and play the "Blame the Obama" game.
1. many, many ''write-offs' back then
2. the rich (top bracket) in the 1950s was those households making more than 380k...over 3 million in todays dollars
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