Rshermr
VIP Member
Ed is a paid conservative tool. Paid to post whatever the con talking points are. And about to start with his unprovoked personal insults of you. In my opinion, Ed is completely incapable of conversation. He simply posts drivel and causes posts to end by boring the pants off of rational people.[QUOTE="EdwardBaiamonte, post: 1
Respectfully, Supposn
Actually, simply lowering taxes doe not usually help an economy. Because, when you lower taxes congress will require that you cut spending. And when you cut spending, you cut jobs. Increasing unemployment begets more of the same.
That is the theory. To wash the theory against history, go back to 1981. Reagan had an unemployment rate of around 7.2% when he did a huge tax cut. In less than 2 years the ue rate hit 10.8%. Second highest in US history. Scared Reagan's team greatly. So, did they continue to follow "Reaganomics" ? No, actually they became believers in Keynesian principles. The economic team:
1. Increased taxes 11 times.
2. Used sounding for economic stimulus, spending more than all previous presidents in US history, COMBINED. And tripled the national debt.
3. Saw the economy recover.
Ed is simply pushing the conservative economic plan. Which is: REDUCE TAXES.
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