Friends2
Gold Member
- Sep 15, 2022
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- #101
Any reason to raise government spending is a reason to raise taxes to pay for it.Last I checked, Reagan didn't have to deal with a global viral pandemic China unleashed on the world. Neither did Carter, Clinton, Obama, or Biden, for that matter. BY the time Biden got in office, COVID had ran its course, and there were vaccines available. Even though, Biden and the Democrats kept spending, and spending, and spending, until we ended up with an inflation rate that went as high as 9.1%, as well as a recession. The Biden Recession, if you want to know the truth.
Trump had four years to end or win the War in Afghanistan. He did neither. There is no elegant way to withdraw from a lost war. After Osama bin Laden was killed our original reason for being in Afghanistan no longer existed. Biden had the courage to do what Obama and Trump lacked.
The Laffer curve is a myth. There has never been a time when raising taxes has reduced tax receipts.