nat4900
Diamond Member
- Mar 3, 2015
- 42,021
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- #1
Among many other promises, trump has promised JOB-GROWTH, and a reduction in TAXES...
Regarding the first, most economists would consider the current unemployment rate of 4.6% at just about FULL employment.......
Second, tax reduction (especially when also calling for massive spending policies) are INSANE......
Reagan enacted tax reductions which resulted in the nation's debt being TRIPLED.
GWB, also enacted tax reductions (while fighting 2 costly wars and introducing Medicare Advantage) and the results were a 101% DOUBLING of the national debt.
Are historical facts really that difficult to understand and NOT repeat?
Regarding the first, most economists would consider the current unemployment rate of 4.6% at just about FULL employment.......
Second, tax reduction (especially when also calling for massive spending policies) are INSANE......
Reagan enacted tax reductions which resulted in the nation's debt being TRIPLED.
GWB, also enacted tax reductions (while fighting 2 costly wars and introducing Medicare Advantage) and the results were a 101% DOUBLING of the national debt.
Are historical facts really that difficult to understand and NOT repeat?