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Would your rather include all information available or would you really just choose to stare at a fucking graph that tells little to nothing?
Duh, did you click on the associated link to help explain that complicated ole graph to you...?
Okay, can any of you righties provide any "credible" and "factual" analyses/studies to show that lower taxes on the rich actually create more jobs?
Come on, let's see your "trickle-down" facts. I didn't know anyone still believed in Reaganomics.
Demand increases jobs - not lower taxes on the rich.
Yes, the ratio of the national debt to the total economy is high relative to what it's been. But it's not nearly as high as it was after World War II -- when it reached 120 percent of the economy's total output.
If and when the economy begins to grow faster - if more Americans get jobs, and we move toward a full recovery -- the debt/GDP ratio will fall, as it did in the 1950s, and as it does in every solid recovery. Revenues will pour into the Treasury, and much of the current "budget crisis" will be evaporate.
A friend who's been watching the absurd machinations in Congress asked me "what happens if we don't solve the budget crisis and we run out of money to pay the nation's bills?"
It was only then I realized how effective Republicans lies have been. That we're calling it a "budget crisis" and worrying that if we don't "solve" it we can't pay our nation's bills is testament to how successful Republicans have been distorting the truth.
The federal budget deficit has no economic relationship to the debt limit. Republicans have linked the two, and the Administration has played along, but they are entirely separate. Republicans are using what would otherwise be a routine, legally technical vote to raise the debt limit as a means of holding the nation hostage to their own political goal of shrinking the size of the federal government.
In economic terms, we will not "run out of money" next week. We're still the richest nation in the world, and the Federal Reserve has unlimited capacity to print money.
Nor is there any economic imperative economic to reach an agreement on how to fix the budget deficit by Tuesday. It's not even clear the federal budget needs that much fixing anyway.
Yes, the ratio of the national debt to the total economy is high relative to what it's been. But it's not nearly as high as it was after World War II -- when it reached 120 percent of the economy's total output.
If and when the economy begins to grow faster - if more Americans get jobs, and we move toward a full recovery -- the debt/GDP ratio will fall, as it did in the 1950s, and as it does in every solid recovery. Revenues will pour into the Treasury, and much of the current "budget crisis" will be evaporate.
Get it? We're really in a "jobs and growth" crisis - not a budget crisis.
The GOP has manufactured a budget crisis out of the Republicans' extortionate demands over raising the debt limit. They have succeeded in hoodwinking the public, including my friend.
More: Don't Fall for the GOP Lie: There Is No Budget Crisis -- There's a Job and Growth Crisis by Robert Reich
i'm not an obama fan and did not vote for him. However, i certainly don't hate him like the republicans who are holding america hostage to prevent his reelection.
Yes, the ratio of the national debt to the total economy is high relative to what it's been. But it's not nearly as high as it was after World War II -- when it reached 120 percent of the economy's total output.
If and when the economy begins to grow faster - if more Americans get jobs, and we move toward a full recovery -- the debt/GDP ratio will fall, as it did in the 1950s, and as it does in every solid recovery. Revenues will pour into the Treasury, and much of the current "budget crisis" will be evaporate.
Reich's bizarre assertation has a lot of problems.
First, it's that after WWII, we did have a huge debt. But here's the thing, we dedicated ourselves to paying it off after the war. We didn't keep spending like madmen. We also had a huge advantage after the war in that we had an intact industrial and agricultural infrastructure, which brought in inordinate amounts of money feeding and fixing the rest of the world, and there was unprecedented growth.
True
Due to the ridiculous free trade policies followed by his former Boss, Bill Clinton, we are in the opposite situation today. Our factories are closing down, they are moving them overseas, and we are bleeding half a trillion dollars every year in trade deficits.
Partially true. You forget to chide every other POTUS since IKE, however
FREE TRADE POLICIES have been going on however, since the 50s. Their aggregate effects are certainly part of the problem.
Here's a key point. From World War I until 1976, the US posted trade surpluses with the rest of the world. We exported more than we brought in. Raw materials in, manufactured goods out. And in that entire time, despite two world wars and a few smaller ones, building an interstate highway system, putting men on the moon, etc, by the bicentenial, the national Debt was a mere 600 billion. For our whole flipping history. (By comparison, B. Hussein thinks if he can get the deficit for a single year down to 600 billion, he's accomplished something!)
Yes. And taxes were much MUCH higher then. Remember, back in the days of IKE the top tax rate was 90%.
Jimmy Carter increased the national debt to nearly a trillion. Reagan doubled it again, and so did Bush-41. Clinton slowed down the growth and created the illusion of surpluses using smoke and mirrors, but really it was the equivlent of using a surplus in the pension fund and medical funds to cover a deficit in operting expenses, something that would get you sent to jail in the private sector.
Except fo the fact that you credit the POTUSs for increasing the debt, as though they had absolutely control over that spending (they don't) this is basically spot on.
Bush-43 added to the problem, too. But Obama has gone hog wild, increasing the national debt by 4 trillion in less than 3 years. BUt the real problem is, this country is bleeding out money to the rest of the world, because of idiotic free trade agreements. And they keep doing it.
Yes
"HEy, we want to sign this new treaty with Korea and South America, but we need to have job training for all those people who will lose their jobs!"
Then don't sign the effin' treaty if people are going to lose jobs.
Yes
The other part of the problem is all the mandates put on by government has made hiring less attractive. Even if you make something here, you are trying to make it with as few people possible.
What "mandates"? This is a GOP talking point with no substance
Final point. IN those bygone days of WWII, medical expenses were relatively small. Now Medicare, Medicaid, and private insurance eat up 1/6th of the economy.
TOTALLY, right. In the 50s heath care ate up 4% of the GDP. It's now more like 16% of the GDP.
Social security has also become a huge burden because people aren't dying shortly after they turn 65 like they did in the oldy days when it was first introduced.
Wrongo!
Social Security has been SELF FUNDING for decades and decades.
Social Security is NOT an expense of the FED, it is one of the FED's CREDITORS.
The DoD an expense. Homeland Security is an expense. The IRS, FBI, CIA, FDA, FAA etc etc...they are EXPENSES of the FED.
Social Security, however is one of the FED's many CEDITORS.
Not that it matters, if you are over 50 and find yourself unemployed, you are probably going to stay unemployed in the Obama Economy. With those kinds of obligations, no one wants to get rich here, any more than they want to be the fattest turkey the week before Thanksgiving.
Nobody wants to be rich here??!
There is no better place in the world to be rich than the USA.
A very stable, very safe society with very low taxes on the wealthy and a population of poor which worship you if you rich.
The USA is a great place to be RICH.
.
What "mandates"? This is a GOP talking point with no substance
Wrongo! Social Security has been SELF FUNDING for decades and decades. Social Security is NOT an expense.
Yes. And taxes were much MUCH higher then. Remember, back in the days of IKE the top tax rate was 90%.
A friend who's been watching the absurd machinations in Congress asked me "what happens if we don't solve the budget crisis and we run out of money to pay the nation's bills?"
It was only then I realized how effective Republicans lies have been. That we're calling it a "budget crisis" and worrying that if we don't "solve" it we can't pay our nation's bills is testament to how successful Republicans have been distorting the truth.
The federal budget deficit has no economic relationship to the debt limit. Republicans have linked the two, and the Administration has played along, but they are entirely separate. Republicans are using what would otherwise be a routine, legally technical vote to raise the debt limit as a means of holding the nation hostage to their own political goal of shrinking the size of the federal government.
In economic terms, we will not "run out of money" next week. We're still the richest nation in the world, and the Federal Reserve has unlimited capacity to print money.
Nor is there any economic imperative economic to reach an agreement on how to fix the budget deficit by Tuesday. It's not even clear the federal budget needs that much fixing anyway.
Yes, the ratio of the national debt to the total economy is high relative to what it's been. But it's not nearly as high as it was after World War II -- when it reached 120 percent of the economy's total output.
If and when the economy begins to grow faster - if more Americans get jobs, and we move toward a full recovery -- the debt/GDP ratio will fall, as it did in the 1950s, and as it does in every solid recovery. Revenues will pour into the Treasury, and much of the current "budget crisis" will be evaporate.
Get it? We're really in a "jobs and growth" crisis - not a budget crisis.
The GOP has manufactured a budget crisis out of the Republicans' extortionate demands over raising the debt limit. They have succeeded in hoodwinking the public, including my friend.
More: Don't Fall for the GOP Lie: There Is No Budget Crisis -- There's a Job and Growth Crisis by Robert Reich
I'm not an Obama fan and did not vote for him. HOWEVER, I certainly don't hate him like the Republicans who are holding America hostage to prevent his reelection.
Thats because you have no clue as to how evil the progressives are.
Their fucked up outcomes are very much planned.... Do you really believe for a second that Obama is disappointed his government controls the lifeline of millions of Americans like a communist government would???
These are authoritarian assclowns - do you really believe they want people to be independent? if they're independent then they're independent from the state which leaves authoritarian fools like Obama powerless.
Why the fuck do you think hes always spewing bullshit about rich vs poor??? white vs black, republican vs democrat??
Companies are doing fantastic. Republicans don't want that to change.
Yes, the ratio of the national debt to the total economy is high relative to what it's been. But it's not nearly as high as it was after World War II -- when it reached 120 percent of the economy's total output.
If and when the economy begins to grow faster - if more Americans get jobs, and we move toward a full recovery -- the debt/GDP ratio will fall, as it did in the 1950s, and as it does in every solid recovery. Revenues will pour into the Treasury, and much of the current "budget crisis" will be evaporate.
True
Partially true. You forget to chide every other POTUS since IKE, however
FREE TRADE POLICIES have been going on however, since the 50s. Their aggregate effects are certainly part of the problem.
Yes. And taxes were much MUCH higher then. Remember, back in the days of IKE the top tax rate was 90%.
Except fo the fact that you credit the POTUSs for increasing the debt, as though they had absolutely control over that spending (they don't) this is basically spot on.
Yes
Yes
What "mandates"? This is a GOP talking point with no substance
TOTALLY, right. In the 50s heath care ate up 4% of the GDP. It's now more like 16% of the GDP.
Wrongo!
Social Security has been SELF FUNDING for decades and decades.
Social Security is NOT an expense of the FED, it is one of the FED's CREDITORS.
The DoD an expense. Homeland Security is an expense. The IRS, FBI, CIA, FDA, FAA etc etc...they are EXPENSES of the FED.
Social Security, however is one of the FED's many CEDITORS.
Not that it matters, if you are over 50 and find yourself unemployed, you are probably going to stay unemployed in the Obama Economy. With those kinds of obligations, no one wants to get rich here, any more than they want to be the fattest turkey the week before Thanksgiving.
Nobody wants to be rich here??!
There is no better place in the world to be rich than the USA.
A very stable, very safe society with very low taxes on the wealthy and a population of poor which worship you if you rich.
The USA is a great place to be RICH.
.
Check his wording again. "No one wants to get rich here," and that's true. The US is a great place to BE rich. GETTING rich is the problem. Too much risk for too little reward. It's turning into a guaranteed losing proposition to try.
I'm not an Obama fan and did not vote for him. HOWEVER, I certainly don't hate him like the Republicans who are holding America hostage to prevent his reelection.
Yes. And taxes were much MUCH higher then. Remember, back in the days of IKE the top tax rate was 90%.
Another lie. Yes, the top rate was 90%, but no one actually paid that. There were plenty of loopholes, deductions and shelters that made the top tax rate really closer to about 45%.