Pawlenty's Economic plan

Discussion in 'Politics' started by Trajan, Jun 9, 2011.

  1. Trajan
    Offline

    Trajan conscientia mille testes

    Joined:
    Jun 17, 2010
    Messages:
    29,048
    Thanks Received:
    4,751
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,756
  2. blastoff
    Offline

    blastoff Undocumented Reg. User

    Joined:
    Nov 12, 2009
    Messages:
    13,494
    Thanks Received:
    1,707
    Trophy Points:
    245
    Location:
    In a galaxy far far away...
    Ratings:
    +4,594
    Wait a sec. I thought Republicans never offered any plans to fix anything?
     
    • Thank You! Thank You! x 1
  3. Trajan
    Offline

    Trajan conscientia mille testes

    Joined:
    Jun 17, 2010
    Messages:
    29,048
    Thanks Received:
    4,751
    Trophy Points:
    48
    Location:
    The Bay Area Soviet
    Ratings:
    +4,756
    well, its the 'candidates' plan....
     
  4. P F Tinmore
    Offline

    P F Tinmore Platinum Member

    Joined:
    Dec 6, 2009
    Messages:
    34,604
    Thanks Received:
    1,698
    Trophy Points:
    1,080
    Ratings:
    +2,922
    Nothing new here folks. Move along.
     
  5. rightwinger
    Offline

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,245
    Thanks Received:
    19,821
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,328
    Sounds like something familiar

    - Cut taxes
    - Deregulate Wall St, Healthcare and all businesses
    - Kill EPA
    - Villify Government

    Sounds like Bush
     
  6. Claudette
    Online

    Claudette Gold Member

    Joined:
    Nov 3, 2009
    Messages:
    19,562
    Thanks Received:
    3,009
    Trophy Points:
    280
    Ratings:
    +7,628
    Good speech. I liked what he had to say.

    The problem is that those running find a whole new ballgame if they actually get a chance at bat.

    Pawlenty has loads of experience as a Gov. Sounds like he did a great job in his State.

    He may have the best intentions in the world but the Question is can he actually follow through with his plans??
     
  7. rightwinger
    Offline

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    120,245
    Thanks Received:
    19,821
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +45,328
    I love how in their attempts to balance the budget the Republicans insist on putting us in a deep hole first

    - Cut business taxes from 35% to 15%
    - Cut personal taxes from 35% to 25%
    - Cut all Capital gains taxes

    Oh...and by the way...I promise a balanced budget

    Scary, in more ways than one
     
    • Thank You! Thank You! x 1
  8. auditor0007
    Offline

    auditor0007 Gold Member

    Joined:
    Oct 19, 2008
    Messages:
    12,566
    Thanks Received:
    2,255
    Trophy Points:
    255
    Location:
    Toledo, OH
    Ratings:
    +3,218
    After nine minutes I had heard more than enough. Basically, he wants to further reduce taxes at a time when we already have the lowest tax rates in 60 years. His argument that when we cut taxes in the 80's that it created a booming economy do not hold water at a time when taxes already are too low. His argument that cutting taxes further would increase tax revenues in the long term are also incorrect. We have seen this with the Bush tax cuts. While the Bush tax cuts did raise revenue during the housing bubble, once that bubble burst, revenues were reduced so much that it led us to the massive deficits we are now facing.

    In 2000, the federal government had revenue of approximately $2 trillion on a GDP of $9.8 trillion. Last year, revenue was approximately $2.1 trillion on a GDP of $14.6 trillion. That is a massive loss in revenue. So his answer is to just do more of the same, which would only lead to even lower revenues. Sorry, but I'm not buying it.

    The one thing that he did say that I completely agree with is that he believes we must raise the retirement age. I've been pushing that agenda for a long time now as it makes the most sense in trying to keep SS and Medicare solvent without dramatically increasing taxes on our younger taxpayers.
     
  9. auditor0007
    Offline

    auditor0007 Gold Member

    Joined:
    Oct 19, 2008
    Messages:
    12,566
    Thanks Received:
    2,255
    Trophy Points:
    255
    Location:
    Toledo, OH
    Ratings:
    +3,218
    Can you say $2.5 trillion yearly deficits?
     
  10. auditor0007
    Offline

    auditor0007 Gold Member

    Joined:
    Oct 19, 2008
    Messages:
    12,566
    Thanks Received:
    2,255
    Trophy Points:
    255
    Location:
    Toledo, OH
    Ratings:
    +3,218
    Maybe if we just cut all taxes to zero, that would leave plenty of money to grow the economy. Then as the economy grew by leaps and bounds, that would increase revenue. Oh yea, 100% of zero is still zero.
     

Share This Page