Shaquita Lashay » 11 Mar 2011 3:05 pm » wrote: Meanwhile The Chosen One and Democrats are running a $1.6 trillion deficit and refusing to cut spending. Another lie, the president has put forth proposals for major cuts.Everytime a republican mentions the word "deficit" they look like such a fool b/c every single one of their heroes were for EXPLODING the deficitby pushing the Bush tax cuts for the rich to the tune of $3.9 trillion.$3.9 TRILLION.That's the name of that tune.

Not to annoy you with factual reality, but taxes weren't cut "for the rich." They were cut for everyone who pays income taxes under Reagan and Bush.

Revenues rose by 25% in the five years after Reagan's tax cut.

And after Bush's 2nd tax cut, revenues soared. There was no lack of revenues.

The problem was overspending both by Repubs and Democrats, allowed by Bush.

Which is one reason the Tea Party mentality began.

Shaquita Lashay » 11 Mar 2011 3:05 pm » wrote:Meanwhile The Chosen One and Democrats are running a $1.6 trillion deficit and refusing to cut spending.Another lie, the president has put forth proposals for major cuts.Everytime a republican mentions the word "deficit" they look like such a fool b/c every single one of their heroes were for EXPLODING the deficitby pushing the Bush tax cuts for the rich to the tune of $3.9 trillion.$3.9 TRILLION.That's the name of that tune.

This fool ignores simple facts about taxing the rich. There is the Laffer curve and the Romer and Romer 2007 report. They found the Laffer cuve peaks at 33% and increasing it above that reduces the tax revenue.

Laffer Curve Prager University by Tim Groseclose
Timothy Groseclose is an American academic. He is Professor of Economics at George Mason University, where he holds the Adam Smith Chair at the Mercatus Center.

https://m.youtube.com/watch?v=FqLjyA0hL1s

Laffer Curve by Art Laffer
Arthur Betz Laffer is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board.

https://m.youtube.com/watch?v=FCk2-QVqCck