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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (955149)	8/8/2016 4:59:02 PM
From: J_F_Shepard	1 Recommendation Recommended By bentway Read Replies (1) \| Respond to of 1575450

Reagan cut taxes and ushered in decades of U.S. economic growth. Reagan's tenure pales in comparison to Clinton's' And he balanced the budget with a tax increase.

To: Tenchusatsu who wrote (955149)	8/8/2016 5:34:06 PM
From: combjelly	1 Recommendation Recommended By bentway Respond to of 1575450

Bentway, Reagan cut taxes and ushered in decades of U.S. economic growth. By greatly increasing the debt. In other words, a stimulus. Which, totally unsurprisingly, caused the economy to expand. Given that it already was primed for expansion, one has to wonder that if the debt hadn't been incurred by military spending and tax cuts, how much more would it have expanded? Both of those are known to be rather inefficient ways to stimulate the economy. You and your tribe like to leave out the cutting of interest rates by the Fed. That was a huge stimulus by itself. Kennedy's rate cut actually may have had a big effect, unlike the other tax cuts you have listed here. But look at the rates. As to Bush the Lesser, you are leaving out several factors. For one, the .net boom accounted for a very small percentage of the economy at the time. It was a rather small bubble. You also are ignoring the massive spending spree Smirk went on, pouring trillions of dollars into an economy that was in pretty good shape. The problem is, the economy didn't do all that well considering the stimulus. Could it be because the debt was incurred by, wait for it, cutting taxes and military spending? Not that it really matters, but it also help feed the subsequent collapse. Which would have happened any way, it was just a question of when and how bad. Dubya made certain it was sooner and worse than it had to be. As to Hillary, well look what her husband did. He raised taxes and the country went through a period of prosperity that hasn't been seen before or matched since. Those are the facts.

To: Tenchusatsu who wrote (955149)	8/8/2016 5:40:08 PM
From: Ron	Read Replies (2) \| Respond to of 1575450

This mouthing of GOP platitudes about Reagan... is a big problem for Republicans. Until you learn to deal in facts.. you're going to be facing many more years like this one. The year of Trump: Reagan’s tax increases 1982: The most significant tax increase Reagan signed was also the first. The Tax Equity and Fiscal Responsibility Act of 1982 increased taxes by almost 1 percent of GDP. The 1982 tax increase was "probably the largest peacetime tax increase in American history," said economist Bruce Bartlett, who advised Reagan on domestic policy and then worked as Treasury deputy assistant secretary for economic policy in the George H.W. Bush administration. (An analysis by Jerry Tempalski, an analyst in the Office of Tax Analysis with the U.S. Department of the Treasury, agrees.) This law was driven by pressure to attack the federal budget deficit, as well as the impression that Reagan’s tax-cutting was partially responsible for lower-than-expected tax revenues. Bartlett, who reviewed Reagan’s tax record for Tax Notes in 2011, cited a Treasury estimate that the 1982 law raised taxes by almost 1 percent of GDP, or about $150 billion in modern dollars.