Stupid post. The tax cuts do not need to be paid for as it is our money not the governments! However it seems to be very difficult for libs to understand that if you free up capital businesses grow, and when they grow they hire people, when they hire people the tax base grows, hence revenue to the treasury increases and voila! - deficits begin to shrink. It is not that hard a concept but libs struggle with it. For some reason they think taking money out of the economy to try to stimulate it is the way to go. They fail to realize the government doesn't make money, it steals it.
Today I get to brag a little about the economic and stock market forecast that I penned back on December 23rd, 2011.
Yeah. I know. You all are used to my dazzling wit, political acumen, and my stylish turns of phrase. But really, I know quite a bit about finance too, even if I use my finance superpowers only on occasion and prefer to be the ringmaster here at Townhall Finance.
The slowdown that I predicted has been a little ahead of my expectations. But it's close enough for Obama's horseshoe and hand grenade economy.
Below you'll find the salient part...
Tax Cuts???? That's part of his voodoo economics. Look at how many tax decution primarily target at the middle were remove by Tax reform 1986. 20 years of boom define boom. Count the number of recessions during that period. Bush was president during the Pelosi-Reid congress he could have veto bills he felt were not good for the country. Pelosi-Reid were not squeaky clean, but they did not spearhead the depression.
Tax Reform 1986 include tax cuts, and was followed by a 20-year boom.
The Pelosi-Reid-Obama Depression ended it.
There was a Republican President and a Republican congress why wasn't it fixed if they had the foresight to see this coming. They chose to ignore Fanny May and Freddie Mac, and proper lending regulation. The Bush tax cuts had nothing to do with the employment numbers during boom you talk about. What drove the boom was that every Tom, Richard , and Harry was buying a house. Anyone off the street could become a mortgage broker and could get anyone with pulse a loan.
I am not impling that Democrats were not free of gult in this process either.
When Reagan implemented his voodo economics (trickle down) middle America was hit with the tax increases. Basicly the same thing Willard is proposing
"Free up capital and business grow". What happen with the Bush cut tax. When are people like you going realize that is a sham. You still have to have people to buy the goods!!