How do I ignore history and historical facts? On several occasions I have pointed out that from 1921 to 2000 the United States had a Republican president for forty years and a Democrat President for the other forty. During that time the per capita gross domestic product (GDP) grew over twice as much under Democrat presidents.

http://www.singularity.com/charts/page99.html

From the presidencies of Harry Truman to that of Bill Clinton there were nearly always an average of more jobs created per year under Democrat presidents than Republican Presidents. Under Jimmy Carter 2,600,000 jobs were created per year. Under Ronald Reagan that declined to 2,000,000.

https://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x416274

From 1945 to 1980 the national debt as a percentage of gross domestic product (GDP) declined from 114.% to 32%. It declined during the Wars in Korea and Vietnam. It has only been been with the Republican dogma that it is always a good idea to cut taxes for the rich that the national debt as a percentage of GDP has grown to 136%.

https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287

 

You dug a post from 2017 up to respond to?

Dismissed.

 

Military spending and employment are government spending and employment. I am glad that the United States entered World War II. Nevertheless, if the money spent on the War had been spent on schools, hospitals, public transportation, and other domestic programs, the benefits to the economy would have been greater. During the administration of President Roosevelt, from 1933 to 1945, the top tax rate rose from 63% to 94%.

https://www.irs.gov/pub/irs-soi/02inpetr.pdf

The unemployment rate declined from 24.9% to 1.9%.

https://www.thebalance.com/unemployment-rate-by-year-3305506

So you see, we really did tax and spend our way to prosperity.

 

Trying to have a civil debate with a stupid, ignorant person with strong opinions is like playing chess with a pigeon: the pigeon knocks over the chess pieces, defecates on the board, and struts around as though he is victorious.

 

So, stop strutting.
Really. 2017? over 3 years?
You couldn't do what you usually do when the mood to spew strikes you, and just start a new thread or hijack one?
To resurrect a 3 year old post is .................. desperate.
No matter. You carry on.

 

Every time the conservative/Republicans gain control of the government they tell the old worn out lie that cutting taxes will be good and pay for themselves. When in reality all the conservative/Republicans do is explode the deficit and the debt. And then turn right around and start screaming their heads off about the deficit and debt they created when Democrats come in and have to try and clean up their mess.

 

Why yes, lets see how biden cleans up the latest.

Hes got a good start, spending $2 TRILLION right off the top. Of money we don't have.
Great start.

 

As US mourns 500,000 lives lost, report shows billionaires added $1.3 trillion to their fortunes during pandemic


REUTERS/Mike Segar/File Photo

https://www.rawstory.com/as-us-mour...-added-1-3-trillion-to-their-fortunes-during/

 

You do know that the increase in their net worth is due to the increased value of their investments, mainly stock, right? Musk’s Tesla stock value rose 734% in 2020, or over $150 billion.

Stock value reflects the markets trading prices for the stock, those who own the stock make nothing from the increase until they sell it. So no taxes will be forthcoming, as income is taxed, wealth is not.

 

Gawdamn rich fuckers!
List of current members of the United States Congress by wealth - Wikipedia

 

IRS researchers: Top 1 percent avoids taxes on one-fifth of their income

https://thehill.com/policy/finance/...ent-avoids-taxes-on-one-fifth-of-their-income

 

This has been proven over and over and over again. And I am very proud of President Biden telling this to the faces of lying, treasonous, conservative/Republicans.

Biden: Trickle-down economics "has never worked"

Ivana Saric

Joe Biden addresses a joint session of congress. Photo: Chip Somodevilla/Getty Images

During his joint address to Congress on Wednesday, President Biden spoke of the need to tax the ultra-wealthy to fix economic inequality in the U.S.

Why it matters: Biden wants to use tax hikes on the rich to pay for his American Jobs Plan and American Families Plan. This philosophy has been a sticking point for many Republicans.

The big picture: Biden noted that tax cuts during the Trump administration were a boon to corporations and wealthy Americans and the pandemic has only increased economic inequality in the U.S.

• Biden's plans, he argued, would invest in the "human infrastructure" that allows for the growth of the middle class and raising people out of poverty.

What he's saying: "I will not add to the tax burden of the middle class of this country. They’re already paying enough."

• "What I’ve proposed is fair. It’s fiscally responsible."
• "My fellow Americans, trickle-down economics has never worked," Biden said.
• "It’s time to grow the economy from the bottom up and middle-out."

"A broad consensus of economists – left, right, center – agree that what I’m proposing will help create millions of jobs and generate historic economic growth."

https://www.axios.com/biden-trickle...ked-8f211644-c751-4366-a67d-c26f61fb080c.html

 

Oh, but just wait.
the biden/harris "tax (the rich)" plan will do wonders for increasing big, inefficient, interfering government.

 

You want to see stupid Democrat trickle down economic disaster? The stupid Democrats can raise cooperate taxes and capital gains taxes all they want. The corporations will just raise the price of consumer goods to pay for it.

Just where do the stupid Democrats think US companies get their money to pay these taxes????

The capital gains tax increase will hurt the middle class more than the rich. 401K's and all retirement plans will take a big hit under biden's capital gains tax increase.

Oh but if biden and his gang of retarded clowns get their way, it will pretty much guarantee a Republican takeover of Congress in the coming midterm elections.

 

Allow me to point out a historical fact as well. This is the 21st century and the Democrat policies you seem to endorse have been failing Americans (especially white Americans) for years.

By the time midterm election arrive, the Democrat chickens will have come home to roost....

Any thoughts on how the midterm elections will go? I predict crime, taxes and inflation will all rise in the foreseeable future.

As a result, I think the GOP will easily take back the Senate and perhaps even flip the House.....

 

Well, but maybe the GOP'S to lose?

 

HA!
And I was wondering 'wtf!' this thread's latest comments was showing up as notifications in my inbox!

 

It wo,nt make any difference to US companies that are registered for tax purposes overseas, like google and facebook, are,nt they registered as Irish companies for tax reasons? They get tax breaks or reduced tax rates by banking and doing all accounting overseas? and what about the other big companys hiding money in the caman islands etc. The IRS needs to clamp down on these companies and keep the money in the US so they paid their fair share of taxes, and the IRS get the tax on the interest they make in the US.

 

RSC 2022 Budget Proposal aims to cut $2T taxes over 10 years, balance budget in 5 years

OAN Newsroom
UPDATED 7:53 AM PT – Thursday, May 20, 2021
The GOP isn’t waiting for Democrats to get to work, they are stepping up and proposing solutions to the nation’s biggest problem: the budget crisis. House Republicans recently revealed their answer to Joe Biden’s massive 2022 budget proposal.

“The sovereign debt crisis will not only compromise the national security of the greatest nation in the world, it will jeopardize our freedoms, our prosperity and our way of life,” asserted Rep. Jody Arrington (R-Texas).

In their 2022 budget proposal, the Republican Study Committee (RSC), lead by Rep. Jim Banks (R-Ind.), drafted a letter to all Americans outlining the damage done by the Democrats in just the few short months they have held the majority.

The RSC pointed out, so far, lawmakers have added more than $4.7 trillion to the national debt through legislation spurred by the pandemic. For comparison, it took 219 years, from the founding of our nation in 1776 until 1995, to accumulate that amount of federal debt.

During a press conference for the budget’s unveiling, Rep. Greg Steube (R-Fla.) made clear that the proposal would adhere to American values and balance the budget.

“Aside from producing a budget that cuts taxes and balances the budget in five short years, we showcase our conservative values,” stated the Florida lawmaker. “Including initiatives to support pro-life efforts, protect our Second Amendment and commit to securing our border.”

Rep. Arrignton pointed out that the increasing partisan divide had eroded the American people’s confidence in their leadership. According to the RSC’s budget, however, the GOP has hope that despite the Democrats’ behavior a balanced budget can be reached and the the Republicans are willing to work for it.

“I can go through the list of things that need to be changed at the fundamental group level that are causing this dysfunction,” Arrignton stated.

The theme throughout the 157 page proposal is clear: deregulation will lead to economic freedom and prosperity. Among a number of other deregulatory proposals, the RSC plans to scale back Dodd Frank, oppose any attempts to implement Rep. Alexandria Ocasio-Cortez’s (D-N.Y.) Green New Deal and end the provisions that allow employers to mandate union membership as a condition of employment.


The RSC went on to say, “tragically the federal tax code is riddled with carve outs and subsidies inspired by corporate cronyism.” To remedy this, Republicans are looking to reduce taxes by nearly $2 trillion over the next 10 years and eliminate the Democrats’ infamous “death tax.”

While the budget is sure to face opposition as it makes its way through committee, the men and women of the RSC are willing to do whatever it takes and are optimistic in their ability to put America back on the road to recovery.