Regannomicis

[Calminian]

Thanks for the support. I'm not going to post it again. I've already done so at least three times.

You've proved that before the election you were totally in line with all Trump's policies?

 

[FollowTheWay]

the numbers show revenue increased when taxes went down. in fact all tax cuts have resulted in higher revenue. deficits have to do with spending and congress, and the dems held congress at that time. Reagan had no choice if he wanted to increase military spending. But it was nothing like the Obama era.

Look again at the numbers. Clinton's tax increase significantly increased revenues. I asked a friend of mine at church Sunday whether "Trickle Down" economics ever worked. He's a fairly conservative Republican and served for a number of years on the Atlanta Fed. So he knows a lot more about this than anyone here for certain. He said absolutely NOT.

 

[FollowTheWay]

You've proved that before the election you were totally in line with all Trump's policies?

I never supported Trump. He has neither the background nor the ability to be President. Then there's his personality. His policies? Who knew then or now what they really were? He's an habitual liar.

 

[FollowTheWay]

Where do you get this stuff? Clinton did create two new upper tax brackets, increased the federal gas tax, removed the cap to Medicare taxation, and a couple of other things. But that was it for Clinton "reversing Reagan's policies". In fact, the Republican majority in the House passed a $500 child tax credit in 1995, giving middle class Americans a tax cut.

But to say that Clinton's tax increase on a small minority of Americans was the reason the deficit was reduced is ludicrous. The invention of whole new industries, home desktop computers for one, cell phones for another, and the dot.com economy in general, was the driver of Clinton's economy and the reason for increased receipts.

The reason debt increased under Reagan is because the military needed to be rebuilt and modernized and Democrats in Congress kept blocking spending cuts.

I asked a friend of mine at church Sunday whether "Trickle Down" economics ever worked. He's a fairly conservative Republican and served for a number of years on the Atlanta Fed. So he knows a lot more about this than anyone here for certain. He said absolutely NOT.

 

[InTheLight]

I asked a friend of mine at church Sunday whether "Trickle Down" economics ever worked. He's a fairly conservative Republican and served for a number of years on the Atlanta Fed. So he knows a lot more about this than anyone here for certain. He said absolutely NOT.

I thought the question was whether or not tax receipts increased when taxes were cut. Oh well, glad your friend has got an opinion on trickle down economics.

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[Revmitchell]

Just look at the numbers. Reagan ran huge deficits. The national debt tripled during his years from $1T to $3T. Clinton reversed policy and decreased the deficits run by Reagan and Bush steadily until he ran a surplus his last 3 years.

The so called surplus was only projected and never really came to fruition. Clinton took us into a recession Bush inherited.

 

[FollowTheWay]

I thought the question was whether or not tax receipts increased when taxes were cut. Oh well, glad your friend has got an opinion on trickle down economics.

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That's called Trickle Down Economics or Reaganomics.

 

[FollowTheWay]

The so called surplus was only projected and never really came to fruition. Clinton took us into a recession Bush inherited.

LOOK AT THE NUMBERS PLEASE. This surplus did happen.

 

[Revmitchell]

LOOK AT THE NUMBERS PLEASE. This surplus did happen.

No it didnt; even Clinton ran a deficit.

 

[FollowTheWay]

No it didnt; even Clinton ran a deficit.

Alternate facts.

 

[Revmitchell]

Alternate facts.

Good luck with that

 

[TCassidy]

The Official numbers from the non-partisan Congressional Budget Office.

 

[InTheLight]

The Official numbers from the non-partisan Congressional Budget Office.

View attachment 1873

Yep, there were several years in the Clinton era where we showed a budget surplus. In fact, the thinking was that it would continue for years to come. This caused the Bush administration to propose the Medicare drug benefit, various farm subsidies, and other spending programs that typically would not be Republican ideas. They figured they would be running surpluses so they could institute these programs. Then 9/11 struck.

 

[FollowTheWay]

Good luck with that

I'm saying you're using alternate facts. I'm right based on the official numbers.

 

[InTheLight]

The tax cuts resulted in economic growth which increased government income.

Prove your point for once. The ball is in your court. Put up or SHUT UP.

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