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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (88015)	7/23/2010 12:15:36 PM
From: JakeStraw	1 Recommendation Read Replies (1) \| Respond to of 224757

President Kennedy once said that a rising tide lifts all boats, and he was right. When the economy grows, rich and poor alike benefit from rising wages, incomes, and productivity. The evidence from the 1960s through today illustrates that lower tax rates correlate with rising incomes for all sections of the population. Even cuts on capital gains and dividends, often though to benefit only rich stockholders, allow for greater investment and more job creation, which ultimately helps lower-income Americans. Though the wealthy pay an enormous share of the overall tax burden, tax cuts on their income would not only bring in more revenue, but would help lower-income Americans become more upwardly mobile. taxesandgrowth.ncpa.org

To: Kenneth E. Phillipps who wrote (88015)	7/23/2010 12:31:40 PM
From: MJ	1 Recommendation Read Replies (1) \| Respond to of 224757

What year was that--------"debt reduction"? Barrack Hussein Obama has esclated USA debt into the trillions.

To: Kenneth E. Phillipps who wrote (88015)	7/23/2010 1:13:30 PM
From: Jorj X Mckie	4 Recommendations Respond to of 224757

the debt reduction during the clinton administration had a couple of facets. The first is that there was a general raiding of social security funds (not that republicans haven't done the same). But the economic conditions were very different. We were in a boom. People were paying more taxes because they were making more money. To match the increase in incoming taxes, the government increased spending. And while everyone had a great time during the bubble years, it was irresponsible policy that allowed the bubble to inflate to the levels that it did. And where that bubble inflated during the clinton years, it also popped while clinton was in office. Basically the federal government helped to fuel an economic pyramid and was reaping the benefits. When the economic base collapsed, the responsible thing for the federal government to have done would be to decrease spending. But that won't ever happen because the SEIU will subvert any efforts to cut spending.