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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (65217)

4/7/2018 1:03:18 PM

From: koan

Respond to of 361790

That is just more right wing psychobable to cover up their irresponsible behavior.

The bottom line is that the deficit always seems to balloon under Republican tax cuts!

And the one exception with Obama was the result of him having to clean up and rescue the world from a near depression Bush put us in; but now it looks like Trump will finish the job and put us in a serious depression.

Which somehow you will blame the liberals for-lol.

<<

>> Just look at the deficit. In every case, the deficit went up after a tax cut.

We were talking about tax revenue which is, of course, a totally different thing from deficits.

I would point out that the Clinton capital gain cut of 1997 was one of the strong driving forces to deficit reduction and the projected "surplus" you guys are always bragging about.

Deficit is NOT a measure of revenue. Perhaps you missed that in your Principles of Accounting class.

To: i-node who wrote (65217)	4/7/2018 1:16:48 PM
From: combjelly	Respond to of 361790

Nope. They are directly related. You keep ignoring how the deficit can increase when revenues go up. The reason is that spending had gone up faster than the revenue increase. A central principle of Keynesian economics is that deficit spending stimulates the economy. Tax cuts without cutting spending is deficit spending. Tax cuts and increasing spending is even more so. If the deficit is going up despite a revenue increase, then there is also an increase in spending and it is erroneous to credit the tax cut alone with the revenue increase. That is simple economics.