boedicca
Uppity Water Nymph from the Land of Funk
- Feb 12, 2007
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Yup. You are correct. We need tax cuts. That works well, eh. Lets see. Didn't that work well for Reagan. Yeah. That's the ticket. Some good old supply side economics, like reagan used. Dropped taxes at the beginning of his term, and the UE went......OOPS. UP. To the highest rate since the great depression. Up to 10.8%. So, we should do what he did then. More tax decreases, right??? Yeah, that's the ticket. That solved the problem, right. Oh, no. He RAISED taxes 11 times. And borrowed enough to nearly triple the national debt. Used a lot of the new revenue for Stimulus. And grew the federal government. Made the fed gov way bigger than when he came to power.Here's why it's relevant:
The Employment-population ration was 62.4M in July 2008. By December 2012, it declined to 58.6%.
3.8% is no longer employed. That's why tax receipts are down and the deficit is will never come back under control. We need economic growth that generates Real Private Sector Jobs - something Obamanomics is unable to produce.
But that worked well. UE rate went down. Paid off some of the deficit. And had a good economy. Soo, that is what you are suggesting, eh, boedicca. Raise taxes and spend stimulatively. Like Reagan did.
But now I AM confused. That is pretty much what Obama is suggesting. Raise taxes and use the revenue for stimulus spending.
16M jobs were created during Reagan's two terms. How much net job creation has there been since the start of Obama's presidency?