22 Jun 11
Haha. Republicans opposing a tax cut... because it's only short-term.
You would have thought they would have opposed the Bush tax cuts for the same reasons.
Regardless, I think neither party in Congress appreciates the unfortunate fact that lowering unemployment and reducing the deficit aren't likely going to be accomplished at the same time.
22 Jun 11
Originally posted by wittywonkaI don't think Boehner and his ilk care if the nation's economy collapses. If you're rich and know what you're doing such a collapse won't cause you too many problems (of course if you don't know what you're doing it's different).
Haha. Republicans opposing a tax cut... because it's only short-term.
You would have thought they would have opposed the Bush tax cuts for the same reasons.
Regardless, I think neither party in Congress appreciates the unfortunate fact that lowering unemployment and reducing the deficit aren't likely going to be accomplished at the same time.
22 Jun 11
Originally posted by KunsooCongressional Republicans have a long history of blowing the federal coffers on wars, corporate welfare and tax cuts for quadrillionaires when a Republican is in the White House, and then shrugging open-handed with a "puzzled chimp" expression on their faces and their empty pockets turned out when a Democratic president attempts to fix the mess and keep social services solvent.
http://tpmdc.talkingpointsmemo.com/2011/06/democrats-explicitly-call-out-gop-for-sabotaging-the-economic-recovery.php?ref=fpblg
- Joined
- 03 Feb 07
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- 201717
22 Jun 11
Originally posted by wittywonkaActually, the only way this country has ever burned off huge deficits was through economic expansion - the increase in revenue-producing transactions. Cuts do not reduce deficits in a recessionary situation where it has a negative stimulus effect. The Republicans know this. They don't care.
Regardless, I think neither party in Congress appreciates the unfortunate fact that lowering unemployment and reducing the deficit aren't likely going to be accomplished at the same time.
- Joined
- 03 Feb 07
- Moves
- 201717
23 Jun 11
Originally posted by sh76Payroll tax cuts stimulate the economy, because you only benefit if you hire. Right now the investing class is sitting on the largest pile of cash in history, but they aren't investing in jobs. The science is over with regard to supply side economics. It's failed now twice.
LOL
Now all of a sudden the Dems think that tax cuts stimulate the economy...
It cuts both ways, gentlemen.
Democrats have always pushed for payroll tax cuts. Those are by definition progressive.