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DNC Live Commentary

Go said:
You have little history to support your side's economic ideas:

http://www.cato-at-liberty.org/the-1993-clinton-tax-increase-did-not-lead-to-the-budget-surpluses-of-the-late-1990s/

Now granted, last time the GOP had a President, we spent like drunken sailors. So before the snarks show up, CATO makes a great point. Not only do you have to lower taxes, you must cut spending. And yes that includes cuts in every department if you're intellectually honest...
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You can't be serious. Cutting taxes, especially for those over $250,000, is irrational and was definitively proven wrong by W's events.
 
TuffaloDeac10 said:
b

http://www.nytimes.com/2010/08/06/opinion/06krugman.html

Note the date.
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This is a pretty good explanation of why Ryan's so-called fiscal conservatism is totally false. His plan explodes the deficit, not the other way around. In pertinent part:

Mr. Ryan’s plan calls for steep cuts in both spending and taxes. He’d have you believe that the combined effect would be much lower budget deficits, and, according to that Washington Post report, he speaks about deficits “in apocalyptic terms.” And The Post also tells us that his plan would, indeed, sharply reduce the flow of red ink: “The Congressional Budget Office has estimated that Rep. Paul Ryan’s plan would cut the budget deficit in half by 2020.”

But the budget office has done no such thing. At Mr. Ryan’s request, it produced an estimate of the budget effects of his proposed spending cuts — period. It didn’t address the revenue losses from his tax cuts.

The nonpartisan Tax Policy Center has, however, stepped into the breach. Its numbers indicate that the Ryan plan would reduce revenue by almost $4 trillion over the next decade. If you add these revenue losses to the numbers The Post cites, you get a much larger deficit in 2020, roughly $1.3 trillion.

And that’s about the same as the budget office’s estimate of the 2020 deficit under the Obama administration’s plans. That is, Mr. Ryan may speak about the deficit in apocalyptic terms, but even if you believe that his proposed spending cuts are feasible — which you shouldn’t — the Roadmap wouldn’t reduce the deficit. All it would do is cut benefits for the middle class while slashing taxes on the rich.

And I do mean slash. The Tax Policy Center finds that the Ryan plan would cut taxes on the richest 1 percent of the population in half, giving them 117 percent of the plan’s total tax cuts. That’s not a misprint. Even as it slashed taxes at the top, the plan would raise taxes for 95 percent of the population.
 
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ChrisL68 said:
I don't understand why you guys want to cut spending during a recession. You took Economics right?
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Yes, all those programs got us out of the Great Depression didn't they?

OH WAIT
 
Arlington that's the worst case scenario, tax cuts should help the economy get moving faster and therefore more people will be contributing to the economy there by raising revenues and giving the gov't more income to pay down the debt as well as a balance the budget.
 
Also this whole universal HC idea is terrible.

Think about it, why is this going to help the vast majority of Americans? It won't, sure some people will be covered but everyone else except the super rich will get fucked over.

Its like having a National pizza day every Friday. Sure everyone gets pizza on Friday but damn its gonna be some shitty ass pizza.

There's gotta be a better way.
 
Go said:
Yes, all those programs got us out of the Great Depression didn't they?

OH WAIT
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They were on their way to doing so until we enacted austerity measures. then we had to wait for the WW2 spending program to do the trick.
 
Go said:
Arlington that's the worst case scenario, tax cuts should help the economy get moving faster and therefore more people will be contributing to the economy there by raising revenues and giving the gov't more income to pay down the debt as well as a balance the budget.
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Yeah, I don't buy that. It never happens.
 
Go said:
Arlington that's the worst case scenario, tax cuts should help the economy get moving faster and therefore more people will be contributing to the economy there by raising revenues and giving the gov't more income to pay down the debt as well as a balance the budget.
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BS!!!

Tax cuts have ZERO to do with growing the economy.
 
Go said:
Also this whole universal HC idea is terrible.

Think about it, why is this going to help the vast majority of Americans? It won't, sure some people will be covered but everyone else except the super rich will get fucked over.

Its like having a National pizza day every Friday. Sure everyone gets pizza on Friday but damn its gonna be some shitty ass pizza.

There's gotta be a better way.
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I don't think any of the thirty First World countries with universal HC would agree with you.
 
Go said:
Arlington that's the worst case scenario, tax cuts should help the economy get moving faster and therefore more people will be contributing to the economy there by raising revenues and giving the gov't more income to pay down the debt as well as a balance the budget.
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So have the Bush Tax Cuts kept us out of the original recession or aided the recovery? Have the tax cuts been so effective that they should be deepened? Is that your argument?
 
Go said:
Arlington that's the worst case scenario, tax cuts should help the economy get moving faster and therefore more people will be contributing to the economy there by raising revenues and giving the gov't more income to pay down the debt as well as a balance the budget.
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Don't most people tend to guard their money in an economic downturn rather than spend?
 
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