Who here thinks that Bushs' Tax Cuts raised the deficit?

[reelop19]

Well then you are sorely mistaken because you have forgotten who does the spending in this country. Did you ever think that since the government decided to keep spending more than what we had that your congressmen and senators and presidents (Bush and Obama) all created the deficit we have today? We all know how crazy the budgets have gotten and they got worse while paying for 2 wars in which we had no money for. Don't you see they are all to blame. That is our money and we already pay too much in taxes. I didn't create the deficit and neither did you. We are the one's paying towards it while the government spends like drunken sailors (I can say that because I was in the NAVY). It is not just about Bushs' tax cuts its about the way our elected officials (every last one) irresponsibly spend our money. So next time you hear Bushs' tax cuts are to blame just remember this and remember that Bushs' tax cuts allowed people to keep more of what was their's anyways because we already pay enough.

[mrsleeve]

well considering the fact that the govt accounting considers tax cuts, as SPENDING. then there is little else you can make a argument for.

On a rational basis NO they are not but the govt is not a rational thing so there for that is out as well.

[Massive Lee]

OP forgot that Bush had little do do with the tax cuts. It all started under Reagan. And BTW I don't think that the rich minority has more economic power than the the much populated middle class when it comes to "spreading wealth".

[Wiglaf]

That tax bracket has it pretty fucking easy no matter if Bush's tax cuts are in place or not, historically speaking.

And I don't hear anyone blaming those cuts for anything. Most of that money just sits in the stock market, and they lost their asses.

[mrsleeve]

OP forgot that Bush had little do to do tax cuts. It all started under Reagan. and BTW I don't think that the rich minority has more economic power than the the much populated middle class.

[LBJefferies]

I think what you mean is national debt, not deficit. The trade deficit and national debt are two different things. Also, there is gross debt and public debt. Public debt is debt which is outside of government debt and gross debt is public debt + government debt. Public debt is somewhere around 8 trillion while gross debt is somewhere around 12 trillion. Public and private interests are both to blame for the skyrocketing debt so yes Bush's tax cuts will have played a small role in the growing debt. In my opinion however, the government debt in this country is much more worrisome because it is something which affects every single person in this country. Everybody is responsible for that debt and thus any interest that comes from it. All other debt is held by individuals and private interests and will affect only those people in the long run. That is until the government decides to bail out them out like what happened with GM.

[z31maniac]

h0lmes, debt = total accured. Deficit refers to the annual budgets.

Go look up the data on Federal Gov't income after the tax cuts.

[LBJefferies]

h0lmes, debt = total accured. Deficit refers to the annual budgets.

Go look up the data on Federal Gov't income after the tax cuts.

Kinda. Debt is the total and deficit is the difference between the amount of money coming in and the amount of money going out. Deficit is essentially the rate at which the debt grows, I think? Debt and deficit don't just concern the government, they concern private interests as well. Yes, the government debt has grown to disgusting proportions, but private interests are sending more money overseas than the government is. Like I said though, I think the government debt is much more worrisome because it is something that everybody is responsible for.

[joshh]

Why cut when you can spend.

The only persons thinking tax cuts added to the deficit are retards and/or those with an agenda.

[z31maniac]

Kinda. Debt is the total and deficit is the difference between the amount of money coming in and the amount of money going out. Deficit is essentially the rate at which the debt grows, I think? Debt and deficit don't just concern the government, they concern private interests as well. Yes, the government debt has grown to disgusting proportions, but private interests are sending more money overseas than the government is. Like I said though, I think the government debt is much more worrisome because it is something that everybody is responsible for.

Yeah, the deficit is essentially "this years" debt, and the national debt is all the accured "deficits."

And why are investors sending money overseas? Unfavorable business conditions?

I really hope one of these days you guys start to grasp the fact that corporations don't pay tax, they factor it into the cost of business and pass it on to the consumer.

[gwb72tii]

going back to the most famous supply side president...............................kennedy
tax cuts = more economic growth = more tax revenue collected

IT HAS ALWAYS BEEN A SPENDING ISSUE

[E30 Cabrio]

OP forgot that Bush had little do do with the tax cuts. It all started under Reagan. And BTW I don't think that the rich minority has more economic power than the the much populated middle class when it comes to "spreading wealth".

Fact:
Federal Tax revenues nearly doubled under Reagan.

It was the Dems in Congress who spent it, not Reagan as they deemed nearly every one of his budget submissions "DOA"

Remember?

Kennedy also believed in cutting taxes to create jobs and a bigger tax base, which it did.

It's been proven to work every time it's been tried:

During the 1920's, 1960's, 1980's and so on.

History proves that tax cuts stimulates the economy, thereby growing the tax base.

Cutting taxes creates more jobs, more spending, more tax dollars.

The problem are the people who spend it, and then some.

They're called "Democrats"

[reelop19]

HOLY SHIT! Somebody see's what I'm talking about

[mrsleeve]

lol man many of us know these things and are just getting tired of wasteing out time trying to educate Socialist Canadians, dems, and Kiddies that just dont know any better than to listen to Jon Stewart, Mahre, Fat Ass Moore, and think the world is full of rain bows and fluffy puppies.

One thing is though Our buddy h0lmes is starting to see the way of things, guess there is hope for humanity after all, ehhh h0lmes :)

[z31maniac]

It's amazing what happens when you get out of college and start making a living for yourself.