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Old 05-22-2009, 10:55 AM   #1
Mavdog
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One reason Obama is so popular is that he has promised almost everyone lower taxes
but don't tax cuts increase tax revenues? that's the mantra of reaganomics isn't it?

seems the obama budget mirrors those of the 80's, when the folks on the right were giddy with praise.

the irony is pretty funny.
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Old 05-22-2009, 05:23 PM   #2
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seems the obama budget mirrors those of the 80's, when the folks on the right were giddy with praise.

the irony is pretty funny.
Don't you mean tax rates of the 80's? Cause the budget (and specifically the budget deficit) doesn't compare at all.

(in billions of $)
1980: -73.8
1981:-79.0
1982:-128.0
1983:-207.8
1984:-185.4
1985:-212.3
1986:-221.2
1987:-149.8
1988:-155.2
1989:-152.5

2009 White House projected:-1,200.0


If we're gonna spend record amounts of money, we should tax record amounts to pay for it. If your child spent your money like the US government, you'd spank them into next week.
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Old 05-22-2009, 06:42 PM   #3
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If we're gonna spend record amounts of money, we should tax record amounts to pay for it.
you're one of the few people who advocate higher taxes.
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Old 05-22-2009, 06:54 PM   #4
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you're one of the few people who advocate higher taxes.
Well, first and foremost I do not advocate higher spending. But if we're going to do one, we have to do the other to keep from screwing ourselves over.
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Old 05-22-2009, 07:15 PM   #5
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....if we're going to do one, we have to do the other to keep from screwing ourselves over.
yeah...
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