The Motley Fool Discussion Boards
Politics & Current Events / Political Asylum
|Subject: Re: Who paid for Bush era tax cuts?||Date: 12/31/2012 3:22 PM|
|Author: jerryab||Number: 1849985 of 1971419|
No. Your problem is with Congress spending too much on the discretionary side. Why should other citizens pay the price for that?
Still haven't learned your economics lesson yet, eh?
The problem was caused by the failure of the GWB tax cuts. They were claimed to create a booming economy, more jobs, and more tax revenue--which means a significantly higher GDP. They failed to do anything they were supposed to do.
GDP not only failed to grow--it massively contracted under GWB.
GDP today is *at least* $3T to $6T below where it should be due to *yet another* failure of conservative economic and tax policy.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|