Thursday, October 18, 2012 1:40:57 PM
and almost certainly well below the theoretical optimum rate for revenue production
Except taxes were higher post-FDR admins and the govt did not have increased revenues. Moving right along.
[quote]except that we would presently be in a DEFLATIONARY meltdown if it weren't for the US Federal Reserve (and other national banks) doing everything short of giving away cash to prevent it.[/quote]
Thursday, October 18, 2012 11:04:04 AM
I'd worry about hyperinflation, except that we would presently be in a DEFLATIONARY meltdown if it weren`t for the US Federal Reserve (and other national banks) doing everything short of giving away cash to prevent it.
As for Laffer curves, keep in mind that the current US tax rate is the lowest in history, and almost certainly well below the theoretical optimum rate for revenue production.
Wednesday, October 17, 2012 10:44:24 PM
"ONLY" 5 TRILLION!!! LOLZ! That's what you have said on several other threads @HolyGod: Don`t even TRY to deny it! LMAO...
"Not 6 trillion, it`s just 5 trillion! Bush is, like, totally at fault!" =@HG
Wednesday, October 17, 2012 10:41:37 PM
He is the first president ever to not achieve what he said he planned to do. BUT @HG: Obama IS THE FIRST to ring up 6 TRILLION IN DEBT in just 4 years! Or 8 years, or EVER! Admit it, this is true! You can "split hairs" and try to claim "ONLY 5 TRILLION" but it's still #1! Obama is #1! (In fail!)
[quote]Obama`s not so bad.[/quote] @madest: Hitler`s not so bad... Stalin`s not so bad... Pol Pot`s not so bad...
Hey! This is EASY! No wonder people become libtards, it requires NO thinking at all!
Wednesday, October 17, 2012 10:09:30 PM
It's not a zero sum game, people. It`s simple. It`s called the Laffer Curve. Look it up. It works every time.
On the other hand, do you want 5 trillion more debt and more double-digit unemployment with gas at $10/gallon? If Obama is elected, we have 18-24 months, tops, before total economic collapse. Hyperinflation, 25%+ unemployment, riots, martial law, complete government collapse and possible civil war. You like self punishment, Gerry? Go ahead and vote for THAT!