Cammmpbell
Senior Member
- Sep 13, 2011
- 5,095
- 519
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It's already in the book.....more tax cuts for corporations and the wealthy. George Herbert Walker Bush called "Trickle Down" Voodoo Economics. I also know the idea never worked...not for a minute. After Reagan's tax cuts I remember a TV commercial which showed the annual gain for an ordinary middle class worker and a millionaire. In a years time the millionaire could use his/hers to buy a new Mercedes and the middle class worker had enough to buy a muffler for it.
Reagan assumed a manageable fiscal situation, gave his tax cuts, emptied mental hospitals and we saw many of the patients end up homeless, on the streets. Then he borrowed two trillion dollars on his way to he and Bush41 quadrupling the national debt to more than $4 trillion.....back in debt the way we were after the second world war.
Clinton came in, raised taxes while the Republicans were yelling that we would end up in a depression then created 22 million new jobs, balanced the budget, generated some surpluses in fy's 1999, 2000, 2001 and had things on track to completely eliminate the debt by this year. Bush43 took over, cut taxes twice, started two wars 10,000 miles away, ran them with emergency spending bills(off budget) and doubled the debt again. TRICKLE DOWN DOESN'T WORK UNLESS ONE CONSIDERS IT WARM PISS RUNNING DOWN THE WORKING MAN'S BACK. Make note of what happened after George Bush's tax cuts in 2001 and 2003:
Reagan assumed a manageable fiscal situation, gave his tax cuts, emptied mental hospitals and we saw many of the patients end up homeless, on the streets. Then he borrowed two trillion dollars on his way to he and Bush41 quadrupling the national debt to more than $4 trillion.....back in debt the way we were after the second world war.
Clinton came in, raised taxes while the Republicans were yelling that we would end up in a depression then created 22 million new jobs, balanced the budget, generated some surpluses in fy's 1999, 2000, 2001 and had things on track to completely eliminate the debt by this year. Bush43 took over, cut taxes twice, started two wars 10,000 miles away, ran them with emergency spending bills(off budget) and doubled the debt again. TRICKLE DOWN DOESN'T WORK UNLESS ONE CONSIDERS IT WARM PISS RUNNING DOWN THE WORKING MAN'S BACK. Make note of what happened after George Bush's tax cuts in 2001 and 2003:
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