Commanders Post at The Warpath - View Single Post - Bush's tax cuts don’t work; rich pay record high, below the median pay record low!

firstdown · 07-25-2008, 10:41 AM

When Reagan took office the US gov owed about $1 trillion. Reagan's supply side policies added over $3 trillion. The two Bushes have added most of the other $6 trillion to take our current national debt to $10 trillion. The only brief reprieve from massive budget deficits came from the economic team of the 1990's (Summers, Rubin, Sperling) - not really Bill Clinton.

Deficits are based off what comes in and what is spent and you seem to leave those numbers out. With what your saying is that with the Regan and Bush tax cuts revenue to the IRS went down which is totaly not true. The proplem is that Regan went along with Congress way too much and the Dems (with the help of Regan) spent more than the goverment was taking in and the same with Bush (with the help from both parties).

07-25-2008, 10:41 AM	#8
firstdown Living Legend Join Date: Oct 2004 Location: chesapeake, va Age: 61 Posts: 15,817	Re: Bush's tax cuts don’t work; rich pay record high, below the median pay record low! When Reagan took office the US gov owed about $1 trillion. Reagan's supply side policies added over $3 trillion. The two Bushes have added most of the other $6 trillion to take our current national debt to $10 trillion. The only brief reprieve from massive budget deficits came from the economic team of the 1990's (Summers, Rubin, Sperling) - not really Bill Clinton. Deficits are based off what comes in and what is spent and you seem to leave those numbers out. With what your saying is that with the Regan and Bush tax cuts revenue to the IRS went down which is totaly not true. The proplem is that Regan went along with Congress way too much and the Dems (with the help of Regan) spent more than the goverment was taking in and the same with Bush (with the help from both parties).