Recent content by da Vinci

News Release: Gross Domestic Product Thoughts? Much will be made about this, maybe unrightly so. I was predicting more in the range of 1.5 - 1.8%. Will be interesting to see how Trump frames this. I suspect a major overreaction is incoming. Something to the degree of "The numbers are all fake!"

Wish in one hand...

Alas. I can lead a republican to water, but I can't make it think.

Debt is a function of annual budget deficits. Are you honestly not aware of how that works? Clinton inherited a federal budget deficit of $365 billion and left us with a budget surplus of $156 billion. Bush inherited a budget surplus and left us with a $1.4 trillion - with a T - deficit...

I didn't say that. I simply showed you the charts that 1) support the idea that our deficit and debt woes began under Reagan - which, they did and this really isn't even debatable. You either understand that or you don't. And 2) budget deficits clearly have a tendency to move in one during...

Debt only grew to that degree under Obama because he inherited a $1.4 trillion deficit. If you're being handed a government that is structured to bleed $1.4 trillion per year, of course debt is going to increase in the following years. All you can do is work to reduce the deficit each year...

OK. So I just gave you the time series chart that clearly shows you our federal debt by year. I clearly pointed out for you the time period where Reagan cut taxes. Are you telling me that you're not able to see the inverse correlation between the Reagan tax cuts and our national debt? Here...

The trend of growing budget deficits and ballooning national debt began with the Reagn tax cuts in 1981 (Reagan also began a trend of ramped up government spending). That trend was slowed, and began to reverse during the Clinton era in which taxes were increased. Things then moved in the wrong...

The economy grew fairly steadily during the Obama years. What we will likely see is that - outside of some new technological innovation that boosts efficiency - GDP will continue to expand in the 2.0% - 2.8% per year range, which is what we saw during the Obama years. We also saw 12 million...

It isn't "my claim" that we are always in search of more efficient means of data processing. There is always a demand for more efficient means of data processing. This is why companies invest in R&D to come up with new products and innovation to meet that demand. The personal computer was one...

Reality says otherwise. Corporations are currently sitting on nearly $2 trillion in cash. That's $2 trillion in cash just sitting there not being reinvested. This sort of takes the winds out of the sails of the "We need to cut taxes so that corporations have more cash to reinvest" argument...

You have an uncanny ability of missing the point, even though I clearly spelled it out for you. What do personal computers do? They allow us to store, share, process, and consume data. That said, people have been storing, sharing, processing, and consuming data well before the personal...

Obviously "lower income brackets" would the lowest brackets to which we apply tax rates. So this would mean the 15% bracket covering personal income between $9,325 to $37,950, and the 25% bracket covering income between 37,950 to $91,900. The remaining tax brackets - 28%, 33%, 35%, and 39.6% -...

There was certainly demand for data processing, and more efficient means of consuming, storing, and sharing data back in the 80's. Personal computers were a vehicle to meet that demand. This is true independent of any regressive tax cuts. Put another way, personal computers - much less...

Corporate tax windfalls are not what drive job creation. Demand is what drives job creation. Cutting the corporate tax rate in an environment where we need to reduce our deficit and address the national debt is about the worst idea imaginable. Corporate profits have consistently hit record...