The Cellar - View Single Post - Watching the Democrats

richlevy · 12-02-2012, 01:46 PM

I'm waiting for you to explain the Mayan calender ending on Dec 21st as them knowing the world was coming to an end because Obama would be reelected.

We're in this mess because taxes were cut below any kind of sustainable level while we ran two wars for a decade. Now that the bill has come due, the only suggestions from the party that was mostly responsible is to double down on the unsustainable tax cuts.

There will be spending cuts, but there also needs to be revenue. The periods of US history with the highest tax rates also enjoyed the highest growth because tax policy encouraged tying up capital in enterprise. The 'trickle down' theory has not worked because tax savings trickle into offshore investments or exotic restructured financial products that are essentially financial masturbation - providing the illusion without actually producing anything.

Anyone who believes that American freedoms are being threatened because someones tax bracket is being adjusted up %4 is gullible. Anyone who states this without actually believing it is a lawyer, politician, or lobbyist.

12-02-2012, 01:46 PM	#4
richlevy King Of Wishful Thinking Join Date: Jan 2001 Location: Philadelphia Suburbs Posts: 6,669	I'm waiting for you to explain the Mayan calender ending on Dec 21st as them knowing the world was coming to an end because Obama would be reelected. We're in this mess because taxes were cut below any kind of sustainable level while we ran two wars for a decade. Now that the bill has come due, the only suggestions from the party that was mostly responsible is to double down on the unsustainable tax cuts. There will be spending cuts, but there also needs to be revenue. The periods of US history with the highest tax rates also enjoyed the highest growth because tax policy encouraged tying up capital in enterprise. The 'trickle down' theory has not worked because tax savings trickle into offshore investments or exotic restructured financial products that are essentially financial masturbation - providing the illusion without actually producing anything. Anyone who believes that American freedoms are being threatened because someones tax bracket is being adjusted up %4 is gullible. Anyone who states this without actually believing it is a lawyer, politician, or lobbyist. __________________ Exercise your rights and remember your obligations - VOTE! I have always believed that hope is that stubborn thing inside us that insists, despite all the evidence to the contrary, that something better awaits us so long as we have the courage to keep reaching, to keep working, to keep fighting. -- Barack Hussein Obama