We had a balanced budget. Period. What changed? Tax cut after tax cut at a time of war. All unfunded. You can pull out excuse after excuse but the actions taken by Republicans drove us down the path towards recession.
Everyone who knows anything about economics knows that putting money in the hands of people that will spend it. That is what Obama did with the stimulus bill. A bill that was 38% tax breaks & tax cuts. Directed at working Americans.
What money was given to unprofitable corporations?
But hey, you think we should only give money to corporations that don't need it and pile it on to those thast donlt? Really? And you claim to know economics?
We had a balanced budget. Period. What changed?
The Internet Bubble popped.
It was in all the papers.
You can pull out excuse after excuse but the actions taken by Republicans drove us down the path towards recession.
The recession started in March 2001. What did they do to cause that?
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Everyone who knows anything about economics knows that putting money in the hands of people that will spend it.
Or in the hands of people that will use it to start/expand business.
What money was given to unprofitable corporations?
There were a bunch of unprofitable "green energy" companies that got money/loan guarantees.
So these corporations already holding lies of money will now expand? Expansion is tax deductible. Those companies not being able to afford it aren't paying the top corporate rate. Giving money to companies already holding pile of money will do sghit accept run us further in debt.
There was money set aside in the ACA to provide loan guarantees to green companies with promising ideas but short on funding. They were risky. But the idea was to give them a chance because of the potential rewards of reducing emissions which is good for the country. But hey, you righties hate your children & don't believe in global warming.
So these corporations already holding lies of money will now expand?
Well, they are holding a lot of money overseas at the moment.
Why are they doing that?
Are they more likely to expand when they can keep 80% of the new earnings, or when they can keep 65%?
Expansion is tax deductible.
Does potential expansion stop when regulatory attacks are ongoing and expected to increase in the future?
Those companies not being able to afford it aren't paying the top corporate rate.
Does immediate, full expensing make business investment more affordable?
They were risky. But the idea was to give them a chance because of the potential rewards of reducing emissions which is good for the country.
We could reduce emissions much more efficiently and actually add useful amounts of reliable energy by expanding our nuclear reactors. Why are greens more afraid of nuclear than of CO2?
Is it because they hate their children?
Corps are hording money in the US as well as overseas.
They keep the money overseas because of a tax break given to them earlier. End that break & it will come back.
But hey, your orange buddy will give them a huge tax cut to bring it back and give them incentives to invest overseas.
Will corps moe likely to expand when they get a 35% break or a20% break. At the end of every year, bean counters look & see how much they should spend to avoid a 35% tax. Now they will be less likely to do so if they just get a 20% break.
Nuclear energy is the most subsidized for of power generation. You have no clue what do do with the waste. Wait until these plants need to be torn down. See the costs then. Leyts ask Japan about the wonders of nucklear power. Heck, that radiation drigfeted across the US.
The sun rains down enough energy during the noon time hour to power the entire planet for a year. But hey, lets not ******* use it, right? Lets create a poison that can not be destroyed & place it all across the US where an earthquake or terrorist could release it killing thousands,.