How they fixed the recession of the 80's
- Thread starter bobback
- Start date
M
MPS
Well-known member
Gee imagine that...less taxes and government helped the free market....go figure.
Simple thread bobback, but good! Ruffy, what smart comeback do ya have for this one? Ruffy are you a lawyer by chance? I'm sure you could justify many many atrocities.
O
Ollie
ACCOUNT CLOSED
Yep, been saying it for 4 months now.
When you CUT taxes it stimulates companies to expand, hire employees and grow the economy.
Raise taxes and they cut corners (that's a fancy phrase for lay off employees).
You should have lived thru Carter.
Obama is on a perfect path to bankrupcy.
When you CUT taxes it stimulates companies to expand, hire employees and grow the economy.
Raise taxes and they cut corners (that's a fancy phrase for lay off employees).
You should have lived thru Carter.
Obama is on a perfect path to bankrupcy.
S
Snow Fox
Guest
According to the current administration. Spending over a Trillion of dollars on projects (some that won't happen for years) is going to get us out of this mess. Don't worry, we'll see our taxes go up. I am starting to think the democrats are intentionally trying to destroy this country.
Cut taxes...people feel better...buy things....companies can stay afloat...more jobs...wow, that makes perfect sense.
When the taconite mines fall up here on the Iron Range, the classified section of the paper is as thick as a phone book. I should be able to get a great deal on a sled this spring. Which is good for me, but a bad sign overall.
When the taconite mines fall up here on the Iron Range, the classified section of the paper is as thick as a phone book. I should be able to get a great deal on a sled this spring. Which is good for me, but a bad sign overall.
Bingo, i feel that this is what is going on. We have our highness prancing around screaming crisis, and disaster. He thinks he is FDR reincarnated, and that he and his cronies massive spending will fix it all. Where will WWIII start? That is what is next. Pakistan? Israel? Iraq, all seem likely candidates.
For those of us who lived through the Carter mess, Reagan had it right when he took over. Cut taxes and govt, the problem blossumed into a thriving market, and all the bad guys shook in their boots.
O
Ollie
ACCOUNT CLOSED
I don't really think they want it to go under.
I really don't.
I DO think they believe that if they can ram all this liberal/socialist BS down our throats we will learn to live with it and adapt to it. Thus they win.
After all, we adapted to all the other liberal BS they have dropped on our heads over the years.
I really don't.
I DO think they believe that if they can ram all this liberal/socialist BS down our throats we will learn to live with it and adapt to it. Thus they win.
After all, we adapted to all the other liberal BS they have dropped on our heads over the years.
M
MTdream
Well-known member
Is all about power...and if they have more people dependent upon them they have more power...do not let anyone try and convince you otherwise...
"trickle up poverty" is the perfect phrase to describe this, as it is the exact opposite of what Reagan did (and history clearly proved it worked, took longer, but clearly worked) Trickle down economics...
"trickle up poverty" is the perfect phrase to describe this, as it is the exact opposite of what Reagan did (and history clearly proved it worked, took longer, but clearly worked) Trickle down economics...
O
Ollie
ACCOUNT CLOSED
That is the best way to put it I have seen yet (I'm gonna file that away to use it later).
I will post this link again. You can wonder why things are going as they are or whether the democrats are evil or just misguided but the answer to why we have these problems lie within this interview!!! Swampy
http://vids.myspace.com/index.cfm?fuseaction=vids.individual&VideoID=17223089
http://vids.myspace.com/index.cfm?fuseaction=vids.individual&VideoID=17223089
a wise man once said......the government is not the solution it is the problem
i believed him then and i wish we would have learned from him
i believed him then and i wish we would have learned from him
Let's not forget where all the money came from. Reagan was the first to tap into the Social Security Pension for about $300billion as well as Clinton about the same amount.
Reagan's Phony Tax Cut
April 06, 2001
by Ken Alford
How many times have we heard the talk radio and newspaper editorialists remind us that the Reagan tax cut brought record revenues into our Treasury? Usually their boasts are preceded by the declaration that the huge deficits of the 1980s were caused by too much spending - not a lack of revenues. Furthermore, it was the Democratic Congress that was responsible because they could not restrain spending.
Never mind that the Republicans had control of the House for two years, the Senate for six years, and the Presidency for eight years. Or that Mr. Reagan always asked for more spending than the Congress gave him.
In the most simple examination of the facts, one might conclude they are correct. However, on a closer analysis, we realize the source of the revenues in the 1980s budgets. A huge proportion of the revenues were gained from government spending of borrowed money.
It was no secret that Mr. Reagan was adamant about cutting the size of government. If we had to spend all the incoming revenues on interest and numerous military projects, there would be little left to grow the government with more social programs. In this respect , Mr. Reagan was very successful. Indeed, revenues increased in the 1980s.
Contrary to Republican claims, there were few new social programs initiated in the 1980s. Still, few programs were receiving enough revenues to pay for themselves. Social Security was one of the few programs. For example, there was not enough revenues to pay for the $300 billion defense budgets. In fact, most of the deficit spending could be directly attributed to the increases in defense spending.
After the huge taxcut, there simply was not enough revenues to pay the $100 billion per year needed for unemployment insurance. Not surprisingly, Mr. Reagan and his administration made the decision to tax unemployment insurance in order to get more revenues. Also, they decided to put a 50% surtax on Social Security income at a certain level. Of course, they accrued more revenue when they repealed the long tradition of deducting interest on credit cards.
Every avenue was investigated for possible revenues. Without a doubt, it was the working people and the middle class that suffered most from Ronald Reagan's taxcut.
Furthermore, we should understand that borrowed money by the federal government also produces tax revenue. For example, if a GI is paid with borrowed money and he buys a new car, there are tax revenues produced from this borrowed money the same as if it had come from a balanced budget. The worker that made the car would pay taxes. The salesman that got the commission from selling the car would have paid taxes into our Treasury, etc. So, we can state with some certainty that many of the revenues paid into the Treasury after the great Reagan tax cut were paid from borrowed money.
So, indeed revenues did increase during the Reagan Revolution. And if we had borrowed another trillion dollars, they would have increased even more.
Reagan's Phony Tax Cut
April 06, 2001
by Ken Alford
How many times have we heard the talk radio and newspaper editorialists remind us that the Reagan tax cut brought record revenues into our Treasury? Usually their boasts are preceded by the declaration that the huge deficits of the 1980s were caused by too much spending - not a lack of revenues. Furthermore, it was the Democratic Congress that was responsible because they could not restrain spending.
Never mind that the Republicans had control of the House for two years, the Senate for six years, and the Presidency for eight years. Or that Mr. Reagan always asked for more spending than the Congress gave him.
In the most simple examination of the facts, one might conclude they are correct. However, on a closer analysis, we realize the source of the revenues in the 1980s budgets. A huge proportion of the revenues were gained from government spending of borrowed money.
It was no secret that Mr. Reagan was adamant about cutting the size of government. If we had to spend all the incoming revenues on interest and numerous military projects, there would be little left to grow the government with more social programs. In this respect , Mr. Reagan was very successful. Indeed, revenues increased in the 1980s.
Contrary to Republican claims, there were few new social programs initiated in the 1980s. Still, few programs were receiving enough revenues to pay for themselves. Social Security was one of the few programs. For example, there was not enough revenues to pay for the $300 billion defense budgets. In fact, most of the deficit spending could be directly attributed to the increases in defense spending.
After the huge taxcut, there simply was not enough revenues to pay the $100 billion per year needed for unemployment insurance. Not surprisingly, Mr. Reagan and his administration made the decision to tax unemployment insurance in order to get more revenues. Also, they decided to put a 50% surtax on Social Security income at a certain level. Of course, they accrued more revenue when they repealed the long tradition of deducting interest on credit cards.
Every avenue was investigated for possible revenues. Without a doubt, it was the working people and the middle class that suffered most from Ronald Reagan's taxcut.
Furthermore, we should understand that borrowed money by the federal government also produces tax revenue. For example, if a GI is paid with borrowed money and he buys a new car, there are tax revenues produced from this borrowed money the same as if it had come from a balanced budget. The worker that made the car would pay taxes. The salesman that got the commission from selling the car would have paid taxes into our Treasury, etc. So, we can state with some certainty that many of the revenues paid into the Treasury after the great Reagan tax cut were paid from borrowed money.
So, indeed revenues did increase during the Reagan Revolution. And if we had borrowed another trillion dollars, they would have increased even more.
O
Ollie
ACCOUNT CLOSED
First, Reagon was a democrat and loved to spend money as much as the next guy.
He just understoon the economy and how to get it moving.
HAVE YOU HEARD WHAT THE DUMB AZZ IN THE WHITE HOUSE SAID TODAY!!!
You shouldn't govern based on the daily fluctuations of the DOW.
DAILY FLUCTUATIONS!!!!!!!!!!!!!!
IS THIS MAN RETARTED?!?!?!
The dow is down over 3000 points since he took office and he calls it DAILLY FLUCTUATIONS!
What a freekin moron.
http://my.earthlink.net/article/top?guid=20090303/49acb950_3ca6_1552620090303-1396266021
He just understoon the economy and how to get it moving.
HAVE YOU HEARD WHAT THE DUMB AZZ IN THE WHITE HOUSE SAID TODAY!!!
You shouldn't govern based on the daily fluctuations of the DOW.
DAILY FLUCTUATIONS!!!!!!!!!!!!!!
IS THIS MAN RETARTED?!?!?!
The dow is down over 3000 points since he took office and he calls it DAILLY FLUCTUATIONS!
What a freekin moron.
http://my.earthlink.net/article/top?guid=20090303/49acb950_3ca6_1552620090303-1396266021
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Middle class will be refined in America?
What do think one car per family, no toys(for us means no back up snowmobile), smaller house with our mom and dad living there cause we spent their SS and so on.....kinda like rest of the world.
Everyday I drive to work there is less traffic, more for sale/lease, never a sold sign, but surprisingly the gas/diesel is getting cheaper so I guess new transportion tax will surface soon.....maybe I be un-employed by that time.....
let the good times roll and shopping at Walmart will really help!!!!
What do think one car per family, no toys(for us means no back up snowmobile), smaller house with our mom and dad living there cause we spent their SS and so on.....kinda like rest of the world.
Everyday I drive to work there is less traffic, more for sale/lease, never a sold sign, but surprisingly the gas/diesel is getting cheaper so I guess new transportion tax will surface soon.....maybe I be un-employed by that time.....
let the good times roll and shopping at Walmart will really help!!!!
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