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There is a mysterious cycle in human events. To some generations much is given. Of other generations much is expected. This generation of Americans has a rendezvous with destiny.
Franklin D. Roosevelt - Wikiquote A troubled and afflicted mankind looks to us, pleading for us to keep our rendezvous with destiny; that we will uphold the principles of self-reliance, self-discipline, morality, and, above all, responsible liberty for every individual that we will become that shining city on a hill.
Were you even alive in the 1980s? Reagan had to spend a lot of money, especially during the recessionary lag from Carter's administration...
Funny term. The recession waited for two years after Carter, and one year after Reagan announced his economic plan (which involved tax cuts). But then, this blame game is more convincing than the other I saw in this thread, where Carter was blamed for oil embargo as well.
Was it Carter, or was it Bill Clinton responsible for the 1990 recession?
Finally, the impact of Reagan on revenue and deficits: From 1981 to 1983, personal income tax receipts rose 1 percent -- while spending surged 19 percent. This was during a bad recession. After the recession, the Reagan tax cuts worked and revenues soared
From 1984 to 1989, growth in personal tax receipts outstripped growth in spending, 50 percent to 34 percent.
And the deficit fell from 5 percent of gross domestic product to 2.9 percent.
Growth From Reagan Tax Cuts (http://www.ncpa.org/pi/taxes/pdtx64.html - broken link)
And what happened in 1990 when the debt bubble burst (from overspending) in this credit driven era? Besides, if there was a revenue growth, why did we not see it reflected in national debt (which grew from about $1T to about $3T under Reagan)? Or, was it the case of "spend more than you earn"?
It is convenient to pass the blame. Not easy to accept mistakes and try not to repeat them.
Location: By the sea, by the sea, by the beautiful sea
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Let's not forget weapons sales to Iran under Reagan.
No matter how you attempt to spin it, arming an enemy is treason.
And "Well, I don't remember" is not an acceptable excuse.
I believe many believe Reagan a good President for the same reason many believe John Wayne a true life war hero, they both played roles and they played them well.
type of cuts depend on if damage is done. tax cuts for the poor do nothing to stimulate the economy. they are not the ones pulling factory's out of our nation because of exorbitantly high tax rates. we need to tax the poor & feed the rich. the top 5% pays over 90% of the tax burdern how is that fair? equal representation for equal taxation. so therefore people on welfare whould not be able to vote. poverty is a crime to society & to your family create incentives for getting ahead not disincentives. we also need more education & entrepreneurs & developling & actual implementation of "futuristic" techonogies today not tomorrow. we can do it if we only try harder.but yes carter was horrible. Obuma is starting to stammer & stutter just like bush when he is actually pressed in non prepped appeareances where he does not have pat answers for easy questions. He is also actually flip flopping on his promises about taxes, wish makes him a liar. of course we allready know that he is not honest about his dealings with many peoplel & hides the truth (birth certificate). If he is indeed a citizen then why can't we see the real deal ? & why is it not being forced out by the fbi, cia , or the board of elections(or whoever is in charge of seeing htat the democratic party plays right)
type of cuts depend on if damage is done. tax cuts for the poor do nothing to stimulate the economy. they are not the ones pulling factory's out of our nation because of exorbitantly high tax rates. we need to tax the poor & feed the rich. the top 5% pays over 90% of the tax burdern how is that fair? equal representation for equal taxation. so therefore people on welfare whould not be able to vote. poverty is a crime to society & to your family create incentives for getting ahead not disincentives. we also need more education & entrepreneurs & developling & actual implementation of "futuristic" techonogies today not tomorrow. we can do it if we only try harder.but yes carter was horrible. Obuma is starting to stammer & stutter just like bush when he is actually pressed in non prepped appeareances where he does not have pat answers for easy questions. He is also actually flip flopping on his promises about taxes, wish makes him a liar. of course we allready know that he is not honest about his dealings with many peoplel & hides the truth (birth certificate). If he is indeed a citizen then why can't we see the real deal ? & why is it not being forced out by the fbi, cia , or the board of elections(or whoever is in charge of seeing htat the democratic party plays right)
tax the poor and feed the rich, typical republican mentality, just like the facists you are, do all you can to bring America to a complete facist slave state, if the poor want to eat they need to work for the rich
and the top 5% own all the wealth therefore it is fair they pay most of the burden, they should pay more the way this country is headed
type of cuts depend on if damage is done. tax cuts for the poor do nothing to stimulate the economy. they are not the ones pulling factory's out of our nation because of exorbitantly high tax rates. we need to tax the poor & feed the rich. the top 5% pays over 90% of the tax burdern how is that fair? equal representation for equal taxation. so therefore people on welfare whould not be able to vote. poverty is a crime to society & to your family create incentives for getting ahead not disincentives.
I'm speechless, and don't know where to begin. You've some ideas here, and they are anti-capitalism and anti-democratic. The easier one is that your rights as a citizen doesn't depend on your income. That ought to handle the issue of the right to vote.
You passed a judgment on taxation as unfair burden on the rich. You simply bought the talking point from the GOP, and the right wing media. It is always a good idea to not take statements like this at face value. Don't get me wrong, this goes for anything from democrats and liberal media too. This is why I listen to both sides of the stories, analyze what I have, and conclude for myself.
My GF (a republican) is a big fair tax supporter. She happens to earn a fraction of what I do. The funny thing about our discussions (before the elections when the notion of progressive taxation was being marketed as "socialism" by the right wing/GOP), is that I would benefit more from fair tax and she would from progressive taxation. So, technically, we were both self-defeaters. She was, however, thinking of her party rhetoric, and relentless support for McCain-Palin ticket. I was considering the fact that I can actually afford to give about $900 more in taxes (about a quarter per $100 earned), if it helps us reduce our national debt.
I told her the drawbacks of fair tax (and flat tax) that she accepted and came up with a hybrid plan. Then I pointed out... you've now entered the realms of progressive taxation anyway!
Adam Smith saw it, when he wrote "Wealth of Nations", something we could see as the doctrine on capitalism: “The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.”
You should also see wealth distribution when considering taxation. While it is easy to say that top 1% pay most of the taxes, it would also be prudent to consider what percentage of wealth they owe (on which they pay taxes).
Location: By the sea, by the sea, by the beautiful sea
68,329 posts, read 54,381,135 times
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Quote:
Originally Posted by BigJon3475
There is a mysterious cycle in human events. To some generations much is given. Of other generations much is expected. This generation of Americans has a rendezvous with destiny.
Franklin D. Roosevelt - Wikiquote A troubled and afflicted mankind looks to us, pleading for us to keep our rendezvous with destiny; that we will uphold the principles of self-reliance, self-discipline, morality, and, above all, responsible liberty for every individual that we will become that shining city on a hill.
circusboy - what language do you think you are using?
Einsteins ghist - thank you for reminding me to reread "The wealth of Nations" as well as his other works. He was in on the beginning of corporate capitalism and had some interesting comments.
Well I just went through several post that had lots of opinions....
Anyways the sole purpose of the president of the united states is to protect the united states. Can anyone seriously with a straight face claim the soviet union was no threat.
Yeah he spent a bunch of money.... money that got funneled into military design projects. Programs that brought about major technological advances. Laser technology alone through SDI had a tremendous impact.
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damage???
