Harry Dresden
Adamantium Member
i will be waiting to see if Obama keeps his word to the old folkes about not paying income taxes if your retired and making less than 50 grand a year....they can use that help....
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i will be waiting to see if Obama keeps his word to the old folkes about not paying income taxes if your retired and making less than 50 grand a year....they can use that help....
Actually, Reagan's philosophy was sound, and it was probably the main reason the economy boomed as it did through the 90's. You have to remember though, that tax rates on the wealthy were ridiculously high before the Reagan tax cuts. The problem is whether we went too far with the tax cuts. Based on the evidence, that answer is most likely a yes.
Lies, all lies.
The economy boomed in the 90's because Clinton cut military spending and increased taxes on the wealthy, thus lowering the interest rate.
That combined with increases in productivity from new technologies did the trick.
Reagan was an idiot who along with Bush created 90% of the National Debt.