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Title: Happy 10th Birthday, Bush Tax Cuts! You've been a failure in every conceivable way
Source: Slate
URL Source: http://www.slate.com/id/2296578
Published: Jun 10, 2011
Author: Annie Lowery
Post Date: 2011-06-10 10:59:53 by go65
Keywords: None
Views: 42285
Comments: 143

Unfortunately, the tax cuts never translated into robust economic growth, either. Indeed, the aughts saw the worst growth since World War II. From 2001 to 2007, annual GDP growth averaged just 2.4 percent per year, lower than in any other postwar business cycle. The contrast is starker still when judging against the previous decade. In real terms, GDP grew half as much from 2001 to 2010 as from 1991 to 2000.

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Begin Trace Mode for Comment # 11.

#3. To: go65 (#0)

The disaster that was the Booosh Tax cuts is so apparent that it's not even worth debating any more.

war  posted on  2011-06-10   11:17:24 ET  Reply   Untrace   Trace   Private Reply  


#6. To: war (#3) (Edited)

The disaster that was the Booosh Tax cuts is so apparent that it's not even worth debating any more.

I love how you make drive-by accusations then refuse to back up anything you proclaim by couching your language in weasel words. You need to go back to the disinformation collective and brush up on your skills, comrade.

Rudgear  posted on  2011-06-10   11:31:34 ET  Reply   Untrace   Trace   Private Reply  


#7. To: Rudgear (#6)

We went from surplus to deficit in the wink of an eye. The debt EXPLODED and the tax "cuts" did absolutely nothing. Our fiscal problems and the fact that we cannot inplement a TRUE Keynsian solution to the current economic ennui can be traced back to those cuts.

Those are all proven facts.

There's nothing drive-by about it at all. Those cuts were the pinnacle of fiscal irresponsibility - a trait that the GOP demonstrates every time that it gets into power.

war  posted on  2011-06-10   11:36:34 ET  Reply   Untrace   Trace   Private Reply  


#11. To: war (#7)

There is no such thing a s budget surplus. It is a weasel expression of statists and only means the taxpayers are being overtaxed by the government. For what reason is anybody's guess. It is not to pay down the national debt. Clinton began using the phrase 'budget surplus' in the 90s and nobody called him on it.

The last thing this crippled nation needs is a Kevorkian application of more Keynesian economics. What is needed is reducing the government bureaucracy to the US Constitution authorized departments and turn the powers not enumerated in that document to the Federal government back over to the states who better know their own needs than some cubicle wart in DC. The last one hundred years is the best argument for de-fanging a powerful, centralized government. I recommend a return to the rule of law, not the rule of bankers and focus groups, which we have had since before the turn of the last century.

Rudgear  posted on  2011-06-10   11:53:06 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 11.

#12. To: Rudgear (#11)

Tell me what it is that you believe a "Keynsian solution" is, Rudy.

war  posted on  2011-06-10 11:54:54 ET  Reply   Untrace   Trace   Private Reply  


#13. To: Rudgear (#11)

What is needed is reducing the government bureaucracy to the US Constitution authorized departments and turn the powers not enumerated in that document to the Federal government back over to the states who better know their own needs than some cubicle wart in DC.

So cutting a trillion dollars of spending will somehow improve the economy?

You have to work really hard to remain oblivious to all the examples throughout history where cutting spending has negatively impacted growth, including most recently in the UK & Ireland, as well as in the US in 1937.

You have to work hard as well to believe that reducing spending leads to "more" economic activity.

go65  posted on  2011-06-10 12:16:09 ET  Reply   Untrace   Trace   Private Reply  


#14. To: Rudgear (#11) (Edited)

...to the US Constitution authorized departments...

Can you please point out where I can find the Departments of Defense, State and Justice in the USCON.

war  posted on  2011-06-10 12:22:16 ET  Reply   Untrace   Trace   Private Reply  


#19. To: Rudgear (#11)

There is no such thing a s budget surplus. It is a weasel expression of statists and only means the taxpayers are being overtaxed by the government. For what reason is anybody's guess.

Yeah, that's what Rush said.

One could use a budget surplus to pay down debt and use the money saved on interest to shore up SS. That plan was actually nixed by Greenspan.

lucysmom  posted on  2011-06-10 12:29:35 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 11.

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