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04-13-2018, 06:24 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
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Quote:
Originally Posted by finnbow
Tax cuts are considered spending (or more accurately tax expenditures) by tax gurus. The bottom line is that Republicans always want tax cuts, but have never cared about spending by Republican administrations. They only care about spending by Democrats.
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No, that's "inside the beltway" political speak, and those "gurus" are political animals making flawed arguments.
As far as your comment that "They only care about spending by Democrats", wake the hell up! You might have been able to make that argument 20 years ago. But Trump has put the support of his base at risk with this latest budget bill / albatross.
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04-13-2018, 08:38 AM
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Senior Member
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Join Date: Mar 2017
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Trump cultist Whell telling anyone to “wake the hell up” is hilarious.
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"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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04-13-2018, 11:37 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
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Quote:
Originally Posted by whell
No, that's "inside the beltway" political speak, and those "gurus" are political animals making flawed arguments.
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Irony alert.
Quote:
As far as your comment that "They only care about spending by Democrats", wake the hell up! You might have been able to make that argument 20 years ago. But Trump has put the support of his base at risk with this latest budget bill / albatross.
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Be that as it may, he (and McConnell and Ryan) again proved conclusively that the GOP doesn't care about deficits until the next Democratic president rolls into town.
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As long as the roots are not severed, all will be well in the garden.
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04-13-2018, 12:53 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by finnbow
Irony alert.
Be that as it may, he (and McConnell and Ryan) again proved conclusively that the GOP doesn't care about deficits until the next Democratic president rolls into town.
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Speaking of irony alert, where were you complaining about Obama setting records of adding to the national debt? If memory serves, you praised that to the Keynesian hilt.
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04-13-2018, 01:27 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
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Quote:
Originally Posted by whell
Speaking of irony alert, where were you complaining about Obama setting records of adding to the national debt? If memory serves, you praised that to the Keynesian hilt.
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Keynesian stimulus was exactly the right thing to do then and exactly the wrong thing to do in December 2017 by the GOP. Are you really this slow on the uptake and the fundamentals of economics?
I'm tired of debating this with you. I feel kinda guilty because it feels like I'm picking on an intellectual cripple.
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As long as the roots are not severed, all will be well in the garden.
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04-13-2018, 05:50 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
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Quote:
Originally Posted by finnbow
Keynesian stimulus was exactly the right thing to do then and exactly the wrong thing to do in December 2017 by the GOP. Are you really this slow on the uptake and the fundamentals of economics?
I'm tired of debating this with you. I feel kinda guilty because it feels like I'm picking on an intellectual cripple.
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Right. Adding to the debt with no hope of paying it back is always the right thing to do. And you can tell that it worked since it met NONE of the objectives that the so-called economic geniuses who advocated for it laid out.
Slow on the uptake? Intellectual cripple? That would be you.
Last edited by whell; 04-13-2018 at 05:53 PM.
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04-13-2018, 07:07 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,857
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Quote:
Originally Posted by whell
Slow on the uptake? Intellectual cripple? That would be you.
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You're the dimwitted fool who believes in voodoo economics as well the notion that the idiot Dotard is a good president. There's really no hope for you until you come back to reality. BTW, your Dear Leader's Chair of the Counsel of Economic Advisors, Larry Kudlow, isn't even an economist (he majored in history at the University of Rochester). Here's an interesting read on the supply-side charlatan Kudlow.
http://nymag.com/daily/intelligencer...ce-kudlow.html
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As long as the roots are not severed, all will be well in the garden.
Last edited by finnbow; 04-13-2018 at 07:27 PM.
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04-13-2018, 07:52 PM
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Join Date: Mar 2017
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Says it all in a nutshell. Whell, you're just embarrassing yourself. Time to pull your head out of Donny's ass.
Kudlow’s core doctrine is that upper-bracket tax rates are the primary driver of economic growth, and that even minor changes in the level of taxation on the rich have enormous consequences on growth. In 1993, when Bill Clinton proposed an increase in the top tax rate from 31% to 39.6%, Kudlow wrote, “There is no question that Presdient Clinton’s across-the-board tax increases…will throw a wet blanket over the recovery and depress the economy’s long-run potential to grow.” This was wrong. Instead a boom ensued. Rather than question his analysis, Kudlow switched to crediting the results to the great tax-cutter, Ronald Reagan. “The politician most responsible for laying the groundwork for this prosperous era is not Bill Clinton, but Ronald Reagan,” he argued in February, 2000.
By December 2000, the expansion had begun to slow. What had happened? According to Kudlow, it meant Reagan’s tax-cutting genius was no longer responsible for the economy’s performance. “The Clinton policies of rising tax burdens, high interest rates and re-regulation is responsible for the sinking stock market and the slumping economy,” he mourned, though no taxes or re-regulation had taken place since he had credited Reagan for the boom earlier that same year.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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04-14-2018, 09:02 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by Chicks
Says it all in a nutshell. Whell, you're just embarrassing yourself. Time to pull your head out of Donny's ass.
Kudlow’s core doctrine is that upper-bracket tax rates are the primary driver of economic growth, and that even minor changes in the level of taxation on the rich have enormous consequences on growth. In 1993, when Bill Clinton proposed an increase in the top tax rate from 31% to 39.6%, Kudlow wrote, “There is no question that Presdient Clinton’s across-the-board tax increases…will throw a wet blanket over the recovery and depress the economy’s long-run potential to grow.” This was wrong. Instead a boom ensued. Rather than question his analysis, Kudlow switched to crediting the results to the great tax-cutter, Ronald Reagan. “The politician most responsible for laying the groundwork for this prosperous era is not Bill Clinton, but Ronald Reagan,” he argued in February, 2000.
By December 2000, the expansion had begun to slow. What had happened? According to Kudlow, it meant Reagan’s tax-cutting genius was no longer responsible for the economy’s performance. “The Clinton policies of rising tax burdens, high interest rates and re-regulation is responsible for the sinking stock market and the slumping economy,” he mourned, though no taxes or re-regulation had taken place since he had credited Reagan for the boom earlier that same year.
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Clinton was one lucky bastard. He managed to take credit for the dot-com boom, and then managed to deflect credit for the dot-com bust. He pushed through a gas tax hike just at the outbreak of pronounced fighting and cheating between the OPEC nations drove down gas prices. Luckily Hillary's attempt to take control of the health care industry crashed and burned avoiding the huge budget / debt hit that would have caused, ushering in budget-minded Congress in 1994, allowing for reduction of the deficit.
He was also just smart enough to leave Greenspan in charge of the Fed.
Kudlow wasn't wrong, but Clinton was more lucky than good.
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04-14-2018, 09:03 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by finnbow
You're the dimwitted fool who believes in voodoo economics as well the notion that the idiot Dotard is a good president.
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And you've got nothing but name-calling. Must really suck to be you.
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