Mikeoxenormous
Diamond Member
Back in 1932 an ounce of gold was $20. FDR couldn't spend more money on welfare programs because at the time, the dollar was stuck to the gold standard. Once FDR took everyone's gold and paid $25 for that ounce making the dollar 1/4 less valuable. Inflation started and soon an ounce of gold is still an ounce, but that dollar is now 1/600th of its worth. So the more the government spends money, artificially inflating minimum wage, inflation keeps going up, and all goods end up going up. Derpy derp, you are still new in the world, and when you IGNORE history, you end up being a liberal. Without Quantitative Easing of 4 trillion dollars, that dollar would be worth 1/1000th of its past and the ounce of gold would of been over $2,000. But you keep on goose stepping, because it is all about the PARTY. Now ignore the facts some more.Tax cuts don't result in deficits
When you reduce revenues, you are creating deficits. The promise of tax cuts was that they would provide so much revenue via consumer spending, that we'd have surpluses as far as the eye can see. Any revenue loss on the income tax side would be made up by an increase in revenue from the consumer spending side. If you're now telling me that spending has to be cut, the primary reason for tax cuts (that they create growth, and thus revenues) is a lie, and there is no economic benefit to them. Which means they serve another function...as a Trojan Horse for spending cuts to things you are ideologically opposed to because you lack the courage to wipe it away via legislation.
So the strategy shifted to manufacturing deficits, because the fundamentals are so tragically flawed, and then using those deficits (with some questionable economic theory) as an excuse to cut spending. Those spending cuts are almost always operational, causing programs to fail. Conservatives then point to the failing programs they caused as an excuse to sell those programs off to private interests who profit at taxpayer expense while not providing a superior service or outcomes (see: charter schools, private prisons).
And I'm not sure why you are screeching about the debt. It was during Bush the Dumber that the debt clock was turned back on (because we had surpluses). Reagan tripled the debt, Bush the Elder grew it 50% in 4 years, and Bush the Dumber doubled it. That's not a great track record and doesn't really put a lot of confidence in what you're saying.
The rest of your post seems like a garbled mess of Russian Active Measures and deliberate misinterpretation of facts.
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