Things to get done

[Docthehun]

I love you guys, but containing him is YOUR responsibility.

Remember post 911? When something blows up will you stand in his way?

Way before my Party affiliation, is the importance of being an American. So to that end, America would have to come before first, behind God and family of course. I said when I voted for him, I was accepting responsibility. That might entail standing up to the boss. It wouldn't be close to the first time I've ever done that.

[Docthehun]

The financial hawks from the right are unlikely to but into this program.

https://www.yahoo.com/finance/news/t...194250110.html

[del]

The financial hawks from the right are unlikely to but into this program.

https://www.yahoo.com/finance/news/t...194250110.html

what could possibly go wrong?

[Bethere]

The financial hawks from the right are unlikely to but into this program.

https://www.yahoo.com/finance/news/t...194250110.html

The primary reason reagan's tax cuts nearly tripled the national debt was because his budgets were based on 4% growth fantasy projections his own director of OMB called "the rosy sceanario."

Disaster was inevitable.

[Bethere]

what could possibly go wrong?

The wild thing is that making that projection over a period of years is an even bigger blunder.

consider year 2. If GDP year 1 = 100, then GDP year 2 = 103.5 . Year 3 would be 103.5% of 103.5. It gets scarier every year. 8 years later? I don't even want to think what that number would be.

If you are budgeting for such nonsense revenue then you are doomed even as you are setting supposed revenue records.

[Subdermal]

The primary reason reagan's tax cuts nearly tripled the national debt was because his budgets were based on 4% growth fantasy projections his own director of OMB called "the rosy sceanario."

Disaster was inevitable.

Your narrative is promulgated by the lazy, and now you're going to have to defend it.




This is a chart of GDP growth under Reagan. Would you like to average the actual annualized growth over his 8 years?

Now let's say it just falls short of 4% actual. Is it your position that the deficit you've described is as a result?



Your claim is pure effluent. Deficits increased because spending increased, and did so because Dole and O'Neill flat out lied to Reagan and DIDN'T honor their promise to cut spending $3 for every $1 in tax increases Reagan allowed past his deck.

[Subdermal]

The primary reason reagan's tax cuts nearly tripled the national debt was because his budgets were based on 4% growth fantasy projections his own director of OMB called "the rosy sceanario."

Disaster was inevitable.

Another irrefutable statistic:

• Total federal revenues doubled from just over $517 billion in 1980 to more than $1 trillion in 1990. In constant inflation-adjusted dollars, this was a 28 percent increase in revenue.3

28% increase in revenue to the Treasury under Reagan. Reagan didn't have a tax problem. It was a spending problem. You leftists have no desire to be fiscally responsible, but every desire to lie about the track record of people like Reagan who knew how to grow an economy.

You are desperate to disparage that and give the people their money back and take power from people like you.

[birddog]

Another irrefutable statistic:



28% increase in revenue to the Treasury under Reagan. Reagan didn't have a tax problem. It was a spending problem. You leftists have no desire to be fiscally responsible, but every desire to lie about the track record of people like Reagan who knew how to grow an economy.

You are desperate to disparage that and give the people their money back and take power from people like you.

True, and as I recall, the dim congress lied to Reagan when they promised to reduce spending, but refused to do so. I guess you just can't trust a dimocrat. Overall, Reagan's presidency was quite successful.

[Bethere]

The financial hawks from the right are unlikely to but into this program.

https://www.yahoo.com/finance/news/t...194250110.html

I really thought someone would have reacted to my 2 responses. I guess my case was irrefutable.

[Bethere]

http://federal-budget.insidegov.com/l/85/1982

C1B-Outlays-Revenues-large.jpg

Fascinating.

Tax revenues pretty much always go up unless Republicans cut taxes. There's a great Reagan example and two GWBush examples on the graph.

Cutting taxes on the wrong side of the Laffer curve yields lower revenue and higher deficits.

We've proven that three times now.