SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : The Trump Presidency
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (69404)5/2/2018 12:29:45 PM
From: Sam  Read Replies (2) of 354010
 
To some extent that is so, Tim, but there is a big difference between mandatory and discretionary. There is a choice about the latter. Pretending that all government outlays are equivalent is what led Bush41 and the Republicans of 2001 and 2003 to propose and pass tax cuts that were way too large both in the context of where the economy was at the time and future liabilities (that is, cutting taxes during a war on the one hand and the future liabilities of SS and Medicare which everyone knew about but were studiously ignoring in order to pretend that a tax cut was called for).

Tax cuts have squandered what was prior to Reagan a rock solid government balance sheet. We don't have a "spending problem" as Rs love to repeat, we have a profligate tax cutting problem. Wealthy people love get wealthier. Call it the "Midas Problem". And it always ends the same way.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News