HappyJoy
Platinum Member
- Apr 15, 2015
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- #41
Bailing out the auto companies provided near no job growth. Tax cuts have the best economy since Reagan.How about Trump's deficits and raising the debt ceiling now?
What about them?
I know, who cares about deficits now? I'm sure that will be the theme.
I am against increasing the debt. I have been against it since Reagan. When Trump increased the debt by a trillion I was irritated, and posted so, but it seem Democrats only care when Republicans raise the debt, we have no business increasing the debt. We need to raise taxes on everyone and cut government spending by 25% across the board, cut corporate welfare out completely and get rid of stupid spending like Amtrak and Public Broadcasting. That is why I didn't vote for him or Clinton, they both were going to raise the debt.
You were irritated when Trump raises the deficit during economic good times but apoplectic when Obama did to drag us back to some sort of normalcy? I don't see Democrats running around thinking or saying the deficit is their number one concern like Republicans do. What I do see happening is that Clinton lowered the deficit, Bush exploded it, Obama to deal with the recession raised deficits and then eventually they went back down in the right direction and now Trump is raising them again, for not good reason. You're irritated now, how did you feel in 2009 or 2010? I bet you thought raising deficit was a good reason to vote someone out of office. It' called hypocrisy.
In the last 100 years all Democrats and Republicans have done is raise the debt and then you get dumb asses that claim running up the debt is okay and is no big deal and yet stupid dumb shits continue to vote for them, and then bitch about the other side raising the debt.
If you vote for a Democrat or Republican you have no business complaining about the rising debt because they are contributing to it.
Yes, sometimes deficit spending is necessary. It' not now or at least get something out of it that actually benefits people.
I've never voted for a Republican for president and I have every right to complain about Trump's spending because it's unnecessary to give tax cuts to rich people who don't need them. Where as say spending money to bail out the auto industry (that was mostly paid back) was beneficial to all Americans.
Because you say so?
The Auto Bailout Saved 1.5 Million Jobs — and Likely Made $50,000 on Each One
It’s pretty obvious which is better.
BTW- How’s your Solendra stock doing?
And your proof?
Something to think about the next time someone tries to trickle down all over you.
Do Tax Cuts Create Jobs?
Income Tax Cuts
Income tax cuts stimulate demand by putting more money into consumers' pockets. That's important because consumer spending drives 68% of economic growth. It creates jobs when businesses ramp up production to meet the higher demand.
Across-the-board income tax cuts aren’t very cost effective. The CBO study found that, at best, they create 4 jobs for every $1 million in lost tax revenue.
Tax cuts for the middle class and poor do better. Middle-income families are likely to spend the tax cuts. During a recession, they need every dollar they can get. They pump the money directly into local shops, who hire more workers to meet the increased demand.
The CBO study found that providing tax credits for the households with low and middle incomes created 7 jobs per $1 million in credits.
Do tax cuts for the rich create jobs? High-income families are more likely to save their tax cut than spend it. During a recession, they don't need the extra money to maintain their standard of living. They already have savings and lines of credit to do that.
The CBO found that tax cuts for the rich would create 4 jobs for every $1 million in cuts. It reviewed the impact of maintaining higher exemption amounts for the Alternative Minimum Tax. The AMT gets triggered when taxpayers make more than the exemption. It’s more likely to catch those in higher tax brackets. Keeping the exemption higher would benefit wealthy households.
You want to improve the economy? Don't lower taxes on those that won't notice it. You guys have debts and deficits to hawk over, don't you?
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