Tell us then Dung... who pays for the excess borrowing you want to do today? You never answer that.
What happens in 10/20 years when the bonds come due?
Why do you avoid that?
well we do, if Congress can't do anything about it. I get the basics, i get the wealth gap,I'd hve no problem with it either if it was actually a good idea, but I don't think there is much evidence at all that it would lead to stronger and more sustainable growth in the future. Also, too, it would mean lots and lots of human suffering.
We don't really have exploding debt.
I've answered those questions time and again. They're just stupid questions.
I thought at one time you basically agreed that we should spend more now on things we have to pay for anyway in the future (basically, shifting future demand to the present) and reduce spending in the future but didn't want to do that because the future spending reductions never come. That position I can understand. The position that we should cut now and make our current problems worse because we might have problems in the future is just fucking insane, though.
If only congress would pass a comprehensive infrastructure bill, favored by a majority of Americans instead of a weekly vote to kill Obamacare. Just think how much lower unemployment would be!
If the Senate would also vote to kill Obamacare, think how much lower it would be.
That said, I do think they should both pass an infrastructure only bill.
According to the CBO Obamacare will reduce the deficit.
except for 1988 aren't taxes under Obama lower than they were when Reagan was in office?You mean did Obama's tax increase work?
ROFLMAO...
You're quite simply out of your fucking mind, but I'll at least take the concession that the policies you want to impose would mean higher unemployment and lower growth than we have now.
except for 1988 aren't taxes under Obama lower than they were when Reagan was in office?
Do you think anyone sane posts here DH? I ask because I do think SF has issues upstairs, but I think he's far from alone. I have noticed that a lot of posters here have them, and not just cons. So this of course makes me worry...about me. What do you make of this?
No no, you just referred to Obama's tax increases and as far as I knew taxes are no higher now than they were when Reagan was president. Hell, you know I don't like the tax code. I want a flat tax.she was referring to the slowdown in the economy being due to the sequester 'cuts'. That amounts to about $40-45B this year (much of which is not in place). I was referring to the fact that the SS tax increased back to norm by 2% which had a much greater affect on the economy.
As for Reagan rates vs. Obama's, yes, Obama kept the majority of the Bush tax cuts. Those same cuts that liberals said were hurting the economy. He kept them becausse in reality they are good for the economy, provided the idiots in DC stop outspending revenue. Obama is correct to go after loopholes and deductions (similar to what Reagan did)... but he is wrong in the desire to continue trying to increase tax rates at the same time (granted just on those evil rich).
Obviously I have made my case many times on where I stand on the tax code... but if you want a refresher, just let me know.
No no, you just referred to Obama's tax increases and as far as I knew taxes are no higher now than they were when Reagan was president. Hell, you know I don't like the tax code. I want a flat tax.