bripat9643
Diamond Member
- Apr 1, 2011
- 170,170
- 47,322
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Lol Christ. It does not matter how Obama described it. The cut is what it is. And no, Bush's big tax cut for the rich only helped the rich. Trickle down economics is a lie. 4.6 jobs per million dollar cut is all Bush has to show for.
why should we believe you over the Washington Post....?
instead of a BIG pay raise of say $50 in your dept.....would you rather have a BROAD pay raise where everybody in all depts. gets a nickle.....?
The people who received the cut still benefited from it on an individual level. Even if they didn't, It still pumped extra demand into the economy which helped to create jobs. Contrary to what you repubs like to believe, tax cutting creates more national debt. Obviously a tax cut cant be both broad and expensive. Tax cutting has to be carefully considered.
The debt that has accumulated under Obama is not just from spending. It is also because of a serious drop in revenue that began with Bush.
Every dollar it "pumped into the economy" had to be pumped out from somewhere else. Plus you have to add an overhead charge for government handling. Government spending does not create jobs. If it did, the economy should be booming.