Quote:
Originally Posted by classicman
Cite please.
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Citations were already provided. Posting repeatedly without any citations is classicman's mythical 15% number. A number that has zero basis in economic reality and only means an increasing national debt. That 15% is promoted by those who are so dumb as to want even more tax cuts ... as if we have not done enough damage to the economy.
We still have many extremist lies to pay for: ie "Mission Accomplished". A $1trillion bill that will do to the American economy what Nixon did to the 1975/1979 economy. No money game - ie 15% flat tax - will cure a problem created by economic perverts who thought tax cuts are good.
Buffet was blunt about such stupid people. “The only tax cut is one that cuts spending.”
We cannot cut spending. Cheney created massive deficits while bragging, "Reagan proved that deficits don't matter." We will be paying for fiscal mismanagement for the next ten years. And now some want to make it worse with a 15% flat tax? How much longer do we have to listen to extremists propaganda?
Tax cuts, in the long term, create a worse economy. 15% flat tax is nothing more than another tax cut. We are now seeing the 'wealth' created by wacko extremist tax cuts and other economic incentives. The only solution to long term wealth includes a balanced budget. Something we almost had - and then wackos started inventing money games to *stimulate* the economy.
A balanced budget means the world does not get rich funding American deficits. To fix a mess created by George Jr and his Project for a New American Century administration will probably take the next ten years. And still fools are promoting another destruction of America - a 15% flat tax.
Maybe it might be possible. But first we must to pay for the George Jr disasters starting with the most obvious of lies including "Mission Accomplished" and a zero effort to get bin Laden.
Citation for that 15% tax cut: endorsed by extremists. And still some don't acknowledge that is a source of economic perversion.
Another bill created by George Jr economic stimulus - Madoff. He could not have done it without government cooperation - such as ignoring a long list of whistleblowers.