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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (172851)	9/29/2011 3:04:00 PM
From: koan	Respond to of 544086

<< The whole problem? Good luck selling that idea to the working middle class. That has been the problem. The right wing has demagogued the myth that lower taxes solves all problems for 30 years. And the dems have been losing elections ever since since the working class believes it and the dems never knew how to talk sense into them. soem tried telling them we needed higher taxes and always lost. So they stopped. Why Obama stopped. For example, Carter was running 50 billion a year deficits. Raygun got in and lowered taxes and the deficits shot up to 250 billion (supply side economics). So we had almost no deficit in 1980 and Raygun added 2 trillion in four years of 250 billion a year (deficits were supposed to come down-never did). Then Bush senior added another trillion continuing rayguns policies. Clinton then raised taxes from 35 to 39% and had four years of surpluses and we were headed to having the debt paid off by 2012. Bush jr came in and gave all of Clintons hard work of surpluses back to the very rich and ran up another 5 trillion and destroyed the world. And Bush jr said he was giving in back to the rich. And so we find ourselves today a near bankrupt plutocracy.