Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
You could not be more wrong if your statement "spending to get out of a depression is good fiscal policy" refers to "Federal Government spending!" No, the way out of depression is getting the Feds out of the way by lowering taxes and getting rid of regulations that inhibit private enterprise to start with. The expansion of private enterprise which expands the work force which expands the "tax BASE" for all government entities for starters is what stops any depression. History proves that and why in the world government continues to thwart the proof of history is ridiculous unless you realize most of this mess is caused to create a "dependency" on government to influence votes to the party that continually "gives" free $'s to those who don't take responsibility for themselves and think others (tax payers) should support them.
I'll never understand why kooks believe government, which accounts for about 20% of the nations spending, can jump start an economy more than the 80% of the nations spending, which is the citizen..
Their theories sound something like
"Lets take 3% of the nations spending, out of the economy, then give it to the government to spend 3%, and the economy will explode"
No sheeple political baiting. What do you think changed that cause a surge in deficit spending that occurred in the 1980's? I think Nixon breaking Bretton Woods allowed it to occur, and the beginning of outsourcing industrial jobs, and Reagan tax cuts along with 80's spending.
AHA, there it is! Nothing but another bash the Republicans thread.
You prefer the 91% tax rates on the wealthy (which they never paid anyway) and believe that it's tax cuts which have caused our deficits. Uncontrolled spending is (swept under the rug) conveniently absent.
Quote:
Originally Posted by OICU812
You are starting with a distorted assumption, there never was an actual 91% tax rate, so why discuss it as if there was?
AHA, there it is! Nothing but another bash the Republicans thread.
You prefer the 91% tax rates on the wealthy (which they never paid anyway) and believe that it's tax cuts which have caused our deficits. Uncontrolled spending is (swept under the rug) conveniently absent.
Agreed. This crap must be getting taught in college or high school, and every freaking year the kids who are fed this crap go out on the internet and repeat it, making them look like fools.
Technology is a subjective term. People who lived during that period of time probably believed things like the assembly line was "technology", along with vehicles.
50 years from now people will be complaining about technology, claiming we didnt have any and lived in the stone age.
I think her point was more that it wasn't a global economy yet like today. shoes were made by a blind and deaf 5 year old that works for a penny a day (this is a joke people).
I think her point was more that it wasn't a global economy yet like today. shoes were made by a blind and deaf 5 year old that works for a penny a day (this is a joke people).
There absolutley was a global economy. Going back to the founding days of our nation we were importing and exporting things all around the world. In fact going back 100% of the nations tax revenues came from taxes on products that we imported.
Technology is a subjective term. People who lived during that period of time probably believed things like the assembly line was "technology", along with vehicles.
50 years from now people will be complaining about technology, claiming we didnt have any and lived in the stone age.
Rule based, former U.S. middle class jobs, were/are the brunt of eliminated jobs.
Productivity and total employment tracked each other in the 50's and began to diverge in the 80's. Around 2000, productivity continued to rise but employment began to significantly wilt. There is now a huge gap between economic growth and employment. The people blame their leaders and the other party and the leaders blame the other party. This is not unique to the U.S.
I think her point was more that it wasn't a global economy yet like today. shoes were made by a blind and deaf 5 year old that works for a penny a day (this is a joke people).
So is this thread
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
