IIRC, it was working, only that the Democratic held Congress kept tacking
on PORK PORK PORK PORK
"If scientists and inventors who develop disease cures and useful technologies don't get lifetime royalties, I'd like to know what fucking rationale you have for some guy getting lifetime royalties for writing an episode of Full House." - Mike Wong
"The present air situation in the Pacific is entirely the result of fighting a fifth rate air power." - U.S. Navy Memo - 24 July 1944
During Reagan's administration US government revenuers did increase by a huge amount. However congress proved its ability to spend 200% of any amount it is presented with.
"This cult of special forces is as sensible as to form a Royal Corps of Tree Climbers and say that no soldier who does not wear its green hat with a bunch of oak leaves stuck in it should be expected to climb a tree"
— Field Marshal William Slim 1956
To the "America, love it or leave it" crowd, I say if you want a banana republic so bad, move to one. Some people love this country enough they're not afraid to criticise it.
If your political beliefs have all the rationality of a rabid religious faith, and any dissention from your point of view equals treason, it is YOU that should be rethinking citizenship in this country.
About tax cuts...according to the Laffer Curve, tax revenue does not increase proportionally with income tax levels; it increases up to a maximum point, at which it then falls as tax levels increase. This is the idea behind supply-side taxation. It's all theoretical, of course, there's not a whole lot of great data to say anything either way.
Which brings us to the biggest problem with Republican supply-side economics...spending. They can talk a big game, but the Republican Party will rarely make an actual spending cut (without offsetting it with increased spending elsewhere) and will NEVER, EVER, EVER cut down the size of government under any circumstances. Which is why I will never vote Republican.
BoTM / JL / MM / HAB / VRWC / Horseman
I'm studying for the CPA exam. Have a nice summer, and if you're down just sit back and realize that Joe is off somewhere, doing much worse than you are.
Durran Korr wrote:Which brings us to the biggest problem with Republican supply-side economics...spending. They can talk a big game, but the Republican Party will rarely make an actual spending cut (without offsetting it with increased spending elsewhere) and will NEVER, EVER, EVER cut down the size of government under any circumstances. Which is why I will never vote Republican.
Neither party will cut down on the size of government. Simply adjust spending for their preffered branches and agencies.
Durran Korr wrote:Which brings us to the biggest problem with Republican supply-side economics...spending. They can talk a big game, but the Republican Party will rarely make an actual spending cut (without offsetting it with increased spending elsewhere) and will NEVER, EVER, EVER cut down the size of government under any circumstances. Which is why I will never vote Republican.
Neither party will cut down on the size of government. Simply adjust spending for their preffered branches and agencies.
Obviously. At least the Democrats don't spout libertarian rhetoric occasionally and pretend they want to cut down the size of government.
BoTM / JL / MM / HAB / VRWC / Horseman
I'm studying for the CPA exam. Have a nice summer, and if you're down just sit back and realize that Joe is off somewhere, doing much worse than you are.
Durran Korr wrote:Which brings us to the biggest problem with Republican supply-side economics...spending. They can talk a big game, but the Republican Party will rarely make an actual spending cut (without offsetting it with increased spending elsewhere) and will NEVER, EVER, EVER cut down the size of government under any circumstances. Which is why I will never vote Republican.
Neither party will cut down on the size of government. Simply adjust spending for their preffered branches and agencies.
Obviously. At least the Democrats don't spout libertarian rhetoric occasionally and pretend they want to cut down the size of government.
Then again, it is the republican party that is cuttng down on our civil freedoms, and still have the nerve to spout libertarian rhetoric
GALE Force Biological Agent/
BOTM/Great Dolphin Conspiracy/ Entomology and Evolutionary Biology Subdirector:SD.net Dept. of Biological Sciences
There is Grandeur in the View of Life; it fills me with a Deep Wonder, and Intense Cynicism.
Alyrium Denryle wrote:Then again, it is the republican party that is cuttng down on our civil freedoms, and still have the nerve to spout libertarian rhetoric
And the Democrats don't take away our rights. They just enroll in the Government as Nanny program against our will.
Alyrium Denryle wrote:Then again, it is the republican party that is cuttng down on our civil freedoms, and still have the nerve to spout libertarian rhetoric
And the Democrats don't take away our rights. They just enroll in the Government as Nanny program against our will.
That they do. Which is why I dont like either party(though I hate the democrats less) neither really lives up to my political stance
GALE Force Biological Agent/
BOTM/Great Dolphin Conspiracy/ Entomology and Evolutionary Biology Subdirector:SD.net Dept. of Biological Sciences
There is Grandeur in the View of Life; it fills me with a Deep Wonder, and Intense Cynicism.
Regarding the original topic, I've heard many pro-war Americans saying that the European countries' population is "anti-american".
You don't support the policy of the current administration so you're anti-american.
On the other hand, I've had several heated discussions with people who are strictly anti-war, and when I said that apart from the fact that war is a terrible thing removing Saddam would justify it, they started screaming about how a war can never be justified and called me 'Bush's whore'.
Alyrium Denryle wrote:yes, tax cuts on investment dividends. That will only help the wealthiest of the wealthy Of course, then he will increase spending.
No, it will help anyone who received dividends. In case you have not noticed, a fuckload more people then the top 1% are in the market. Hell I own stock that receive dividends.
"This cult of special forces is as sensible as to form a Royal Corps of Tree Climbers and say that no soldier who does not wear its green hat with a bunch of oak leaves stuck in it should be expected to climb a tree"
— Field Marshal William Slim 1956
Basically, government spending is going to increase forever until large numbers of libertarians are elected to federal government positions, which will never happen (sorry, Marina).
Andrew J. wrote:Basically, government spending is going to increase forever until large numbers of libertarians are elected to federal government positions, which will never happen (sorry, Marina).
Just remember that we libertarians have gained power in other ways. See: Revolution, American, 1775-1783. You might say a revolution to overthrow a welfare state voted in by the majority of the people is undemocratic. Fortunately, as I am a small "r" republican, I couldn't give two shits about the will of the mob.
(Put the flamethrowers away--I'm only being half serious)
Any city gets what it admires, will pay for, and, ultimately, deserves…We want and deserve tin-can architecture in a tinhorn culture. And we will probably be judged not by the monuments we build but by those we have destroyed.--Ada Louise Huxtable, "Farewell to Penn Station", New York Times editorial, 30 October 1963 X-Ray Blues
Alyrium Denryle wrote:yes, tax cuts on investment dividends. That will only help the wealthiest of the wealthy Of course, then he will increase spending.
No, it will help anyone who received dividends. In case you have not noticed, a fuckload more people then the top 1% are in the market. Hell I own stock that receive dividends.
It's a matter of ratios. A wealthy person derives most of his income from capital gains, dividends, etc. A middle-class person derives some income from those sources, and most of his income from a job. A poor person derives 100% of his income from a job. So when you deliberately target tax breaks mostly at investors, you are effectively giving a graduated set of tax breaks which favour wealth.
The only fair tax system would be based entirely on consumption, such as a high sales tax. But no government will go for that because they will think that it encourages saving too much.
"It's not evil for God to do it. Or for someone to do it at God's command."- Jonathan Boyd on baby-killing
"you guys are fascinated with the use of those "rules of logic" to the extent that you don't really want to discussus anything."- GC
"I do not believe Russian Roulette is a stupid act" - Embracer of Darkness
"Viagra commercials appear to save lives" - tharkûn on US health care.
Darth Wong wrote:The only fair tax system would be based entirely on consumption, such as a high sales tax. But no government will go for that because they will think that it encourages saving too much.
Only if you don't tax food and such. Otherwise, you get the same result, since poor people consume (and are taxed on) 100% of their monthly income.
"I'm so fast that last night I turned off the light switch in my hotel room and was in bed before the room was dark." - Muhammad Ali
"Dating is not supposed to be easy. It's supposed to be a heart-pounding, stomach-wrenching, gut-churning exercise in pitting your fear of rejection and public humiliation against your desire to find a mate. Enjoy." - Darth Wong