Yes, yes. Consumers buy things. It's what they do. The money comes out of hyperspace. Or maybe Obama's Stash.
They take that shiny new money from nowhere to the stores and car dealers, and everybody gets rich. End of story. Next week we can raise the minimum wage to $50 an hour. Don't know why nobody thought of it before.
Four straight years of trillion dollar deficits. Solution: spend more money.
And in God's name, bring back the Clinton tax rates already. An entire generation apparently has an unshakable religious conviction that if we still had them we'd be bursting with money today.
Cripes.
This article estimates that the tax cuts up through 2011 "cost" the Treasury about $1.3 trillion dollars. Ten years. The deficit for 2011 alone was $1.3 trillion.
When someone tells you our problem is the lower tax rates, you are talking to an idiot. Just my opinion, of course.
The 1990s worked because government spending was held almost flat through much of that time (see the chart I've posted twice) and a lot of people during that time got very, very rich creating tech products and raising both the stock market and productive employment. If you think Democratic policies or Clinton's tax rates were the cause of any of those things, I've got a bridge to sell you.
The sunset clause on the tax cuts had to be put in there because otherwise the laws would have fallen under the Byrd Rule and would have been blocked by furious Democrats.
Flame » in reply to This was a draft but I'm not going to bother finishing it.
I give up.
The whole thread (32 posts)
- The economy is not consumer driven?
- Property is merely a euphemism used to justify violence. Ask the Indians.
- I see what you mean
- No, you just didn't get it. Or didn't want to.
- Barking mad
- In other words...
- No, you just didn't get it. Or didn't want to.
- "Consumers" don't buy housing.
