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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: 42299
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 # 71.

#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  


#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  


#27. To: lucysmom (#19)

Yeah, that's what Rush said.

I find it amusing and not surprising you liberal trolls monitor talk radio and probably take extensive notes. Nevertheless, there is no such thing as a budget surplus. Government doesn't make money. It confiscates it under the IRS. Common sense should tell you that.

Oh, wait . . .

Rudgear  posted on  2011-06-10   12:42:43 ET  Reply   Untrace   Trace   Private Reply  


#50. To: Rudgear (#27)

Nevertheless, there is no such thing as a budget surplus. Government doesn't make money. It confiscates it under the IRS. Common sense should tell you that.

A budget surplus has nothing to do with whether one earns his money or steals it.

lucysmom  posted on  2011-06-10   15:38:11 ET  Reply   Untrace   Trace   Private Reply  


#51. To: lucysmom (#50)

It has everything to do with government stealing more than they claim they need from those who earn and therefore own the money.

Rudgear  posted on  2011-06-10   16:45:00 ET  Reply   Untrace   Trace   Private Reply  


#56. To: Rudgear (#51)

It has everything to do with government stealing more than they claim they need from those who earn and therefore own the money.

There is the matter of debt that Clinton and Gore wanted to use the budget surplus to pay down.

lucysmom  posted on  2011-06-10   21:39:01 ET  Reply   Untrace   Trace   Private Reply  


#58. To: lucysmom (#56)

There is the matter of debt that Clinton and Gore wanted to use the budget surplus to pay down.

THERE IS NO SUCH THING AS A BUDGET SURPLUS!!

Rudgear  posted on  2011-06-10   22:00:05 ET  Reply   Untrace   Trace   Private Reply  


#71. To: Rudgear (#58)

THERE IS NO SUCH THING AS A BUDGET SURPLUS!!

So then what do you call it?

lucysmom  posted on  2011-06-11   9:58:33 ET  Reply   Untrace   Trace   Private Reply  


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