...you know we are borrowing billions from China to pay for it? How exactly do you expect to pay that back?
2007-08-14 14:17:34 · 20 answers · asked by arvis3 4 in Politics & Government ➔ Politics
Omigod, is the sky falling again? Why doesn't anybody TELL me these things!
2007-08-14 14:29:47 · answer #1 · answered by gunplumber_462 7 · 3⤊ 0⤋
Nicholas Raage - you are indeed very wrong.
Revenues do usually grow as the economy grows. However Bush has seen 0 real growth in individual tax revenues over his term.
Similarly the Reagan era saw significantly lower real revenue growth than the administrations either side
As to the question about JFK - he cut taxes from a top rate of 95%.
Nobody denies the downward sloping section of the Laffer curve and indeed Kennedy demonstrated that the top tax rate was set too high.
However all historical evidence shows that Reagan and Bush's tax cuts did not lead to increased revenues.
2007-08-14 14:39:43 · answer #2 · answered by Sageandscholar 7 · 0⤊ 0⤋
Every tax on business is paid for by the working class in higher prices. The more taxes on big corporations drive them and jobs out of here and over to other countries where they can get cheaper labor.
There are very few industrial jobs left in the USA and they are in jeopardy,,,,[airlines,,auto industry,,steel,, etc.] ,,
We are buying from China many of the products which were once made here. So it is only fair we borrow from China because they have all our currency.
Vote for Hillary or Obama and your grandchildren will be sneaking across the border to Mexico for a better life.
2007-08-14 14:56:01 · answer #3 · answered by rikenelson 3 · 0⤊ 2⤋
I support tax cuts, but I don't support president Bush or any of his tactics. We don't need to borrow money from China. We need to cut government spending. And the cut should start with the wasted money spent on things such as the "war on drugs."
Check out what presidential candidate Ron Paul has to say about this:
http://www.youtube.com/watch?v=yGGOiv7sA4w
2007-08-14 14:37:55 · answer #4 · answered by J.C. 3 · 1⤊ 1⤋
the place do you get this information from - George Soros? historic records helps the different!! information do no longer disway you from spreading your propaganda? Wow, unreal!! enable me ask you a question. Why, if Obama needs to enhance tax sales, does he no longer supply a tax cut back as JFK, Reagan, Mr. Bush proved!! instead, he will enhance taxes which has the different result on tax sales. Is he attempting to create classification conflict, tax the activity creators to dying, or is he in simple terms misinformed??
2016-10-10 06:07:05 · answer #5 · answered by ? 3 · 0⤊ 0⤋
The answer is not keeping taxes high. The answer is to make government decrease in size. The federal gov. is not supposed to be involved in things like healthcare and education. Cut the wasteful spending, lower taxes and pay back the debt.
2007-08-14 14:25:37 · answer #6 · answered by Pro-American 3 · 2⤊ 1⤋
why would you want to pay China back?
***
seriously ... near everyone believes China is deliberately keeping their currency undervalued to take export sales away from everyone else.
this causes them to accumulate foreign (our) currency.
so when they do go to try and collect, the value of the dollar will drop like a stone and they'll lose a large percentage of their ill gotten gains -- sounds like justice to me, how about you?
meanwhile ... why would you want to pay them back? That would be like slapping a tax on our economy to ship goods to China. It would make our people relatively poorer.
Let them huff and puff and demand that we pay them back ... and then we tell them that they're welcome to buy whatever they want [except arms] here with the money they have. But no special deals and no government help -- you guys made the problem by undervaluing the yuan, so you guys eat the medicine.
:-)
2007-08-14 14:35:09 · answer #7 · answered by Spock (rhp) 7 · 1⤊ 1⤋
You know what to me is an economic "conservative?" Someone who believes that you should be able to pay for what you buy. Too many people in government want to lower taxes and increase spending. It just doesn't add up, and is putting an increasing and unfair burden on future generations.
2007-08-14 14:31:54 · answer #8 · answered by Stephen L 6 · 3⤊ 0⤋
How did John F. Kennedy plan on "Paying back" as you say, the tax cuts that he enacted? In case you can't remember, JFK was a democrat.
2007-08-14 14:23:05 · answer #9 · answered by Anonymous · 3⤊ 1⤋
called deficit spending was started by regean and ever since the economy has boomed. why do rebublicans continue to support bush? his stand on moral values if he did not supprt anti-abortion etc he wouldnt have the support. Im from Texas ... thats is the main reason moral obligation.
2007-08-14 14:23:10 · answer #10 · answered by aleka 3 · 0⤊ 2⤋
I would cut welfare, and tax payer funded abortions and have it payed off in a month....course, might make some liberals a bit edgy...
2007-08-14 14:30:41 · answer #11 · answered by Anonymous · 2⤊ 0⤋