kentuck (63,561 posts)
One word I never want to hear a Republican utter ever again....
"deficit".
When the candidate they support is calling for 20% tax cuts across the board, including for the wealthy, the "deficit" is going to explode. It's the same thing they have said and done since Ronald Reagan. They don't give a big crap about the "deficit". Except, of course, when a Democrat has one.
Yeah, they say they are going to cut spending but most of the spending of the last 40 years has been under the Republican Party. There was never a murmur when George W Bush was doubling the debt. In fact, most of the present "deficit" spending of Barack Obama is leftover salmon from Bush and the Republicans.
They have no credibility.
http://www.democraticunderground.com/10021592272Poor Kentuck he is clueless so he projects his ignorance on to us.
Here is what happens when you cut tax rates, it has worked every time it has been tried, lower taxes allows people to bring home more of their own money, they take this money and they buy things, when they buy things that creates more jobs, more jobs creates more tax payers and revenues go up. Raise taxes and we have less money to spend which causes lay offs, businesses to go under, and less money going to the treasury, then as an added bonus all the people without jobs get unemployment which makes government spending increase, so now you have less revenue and more money going out. That causes these trillion dollar deficits that are killing this country.
SharonAnn (9,257 posts)
1. Obama should say to the Republicans, "Deficit. Your party built that!"
He is used to lying so he could say that.
reformist2 (2,276 posts)
2. If you complain about the deficit, but then propose a tax cut without saying how you'd pay for it...
you DEFINITELY have a bad case of Romnesia!
He has explained it, you just can't understand his explanation. Your ignorance is not proof that he is wrong.
AAO (149 posts)
11. Jobs aren't created without demand. It's too bad the average American doesn't think for themselves.
That is true, and that is why tax cuts work, when people have more money they spend more creating more demand for goods and services. When you pay high taxes, then high gas and food prices, demand for non essentials goes down. We have been seeing that for years now. Most people struggling just to pay the bills then on top of that every tank of gas is expensive, and every trip to the grocery store is more expensive. There is no money left for other things that could make our economy stronger.
BanzaiBonnie (3,430 posts)
8. Since Mitt has sworn vengeance on the USA (via his Mormon religion)
Wouldn't sinking the country financially be the ultimate way to break the USA?
I believe this is the promise of Mitt Romney.
If anyone has it in for America it is 0bama.
SWTORFanatic (175 posts)
9. Well, if Rmoney wins we can finally see them proven wrong
Hahaha I'm just kidding. They'll still fall for it hook line and sinker.
It took:
Clinton tax rates on income
Clinton tax rates on capital gains (he did cut capital gains rate 7 or 8%, but Bush cut the rate another 5% and Rmoney is not going to touch the capital gains rate)
And Clinton's economy - the biggest peacetime expansion in the US economy in history.
I can see though how stupid these people are, whether the deficit actually shrinks or not (it could shrink under Rmoney tax cuts, if the economy grows fast enough but I don't see that happening), it will be nowhere near balanced. Then the next time a democrat comes into office they'll scream about the debt, deficit, and taxes. They talk about how difficult it is to get rid of a social program but in actuality what's really difficult to get rid of is a tax cut on the rich!
I love it when they claim that clintoon's tax increases created the good economy. What happened was the economy expanded in spite of those tax increases. It also helped that the GOP took the house and senate and basically neutered his socialist dreams.
ThomThom (1,150 posts)
18. we already did with 8 years of Bush
we did not put the blame where it belonged at the time
instead we blame consumers for bad loans
And during those 8 years of Bush we had prosperity, things weren't perfect but the economy was a hell of a lot better than anything that 0bama has given us. It took 0bama almost 4 years, 6 trillion dollars, and fudging of the numbers to get down to 7.8%.
Spitfire of ATJ (3,554 posts)
17. You guys don't get it. Republicans talk about the "National Debt" and the "Deficit" as if,...
Last edited Sun Oct 21, 2012, 11:09 AM USA/ET - Edit history (1)
....it's debt owed by the public. Like it's the total mortgage, car loan and credit card, etc.. debt. Listen to how they talk about it. They make it sound like the only reason it even exists is because the government is taking too much money out of circulation and their cure is to cut taxes.
Once you realize that's what they are saying, it all makes sense. Try it with the next right-winger you meet. They really believe this crap. That's why they think a tax hike will INCREASE the "National Debt". They also believe the number one thing the government is spending their money on is faceless paper pushers and welfare for "lazy people" (guess what color) and foreign aid for ungrateful people who want to kill us and that's all the fault of Liberals who think the world is all rainbows, bunny rabbits and butterflies.
I've heard this crap for years, tried to tell them they're wrong and ended up in more than one fist fight as they lash out in absolute fury.
If you keep ending up with fist fights the problem must be you.
