coldfish wrote:AKfanatic wrote:
It’s crazy how he seems to be the only one that repeatedly points out that cutting taxes for the rich, then crying about the deficit as an excuse to cut funds to programs help the most vulnerable of citizens has consistently been the GOP way.
At this point in time, with the crisis Americans face, the consequences of those program cuts and lack of a push to help “the little guy” in order to please lobbyists is showing its true depth of harm to the American public.
In the distant past, the republican party could get away with this stuff by being competent and pragmatic. Sure, they had an ideology but they would compromise to make things work. Reagan raised the social security tax to save the fund, as an example.
the democrats had a vice grip on the house of reps when reagan was in office. THEY agreed to a reduction of the top marginal tax rate from 70% to 50% early in his first term...in part because reagan's budget director generated bogus revenue forecasts. the 1983 social security hike was a fraud designed not to keep social security solvent (it was projected to be solvent for a quarter century, plus reagan hated the concept of social security), but rather to pay the bills in other areas of government that could no longer be covered because of the previous tax cuts. because it would have looked bad to admit that the income tax cuts had not had their desired effects. and so...
reagan advisor alan greenspan convinced congress to support the payroll tax hike. but instead of investing the new money in treasury bonds, it went directly into the general fund, where it was all spent. subsequent administrations handled it the same way. as projected, social security became insolvent, running its last surplus in 2009, at which point we started borrowing money from china to pay out benefits
...in the entire republican party there might be only a handful of rational politicians. The rest are just a bunch of faith based ideologues that think that the means justifies the ends.
Yes, I said that right. Its debatable if the ends justifies the means. That's an interesting philosophical debate. For ideologues, the means justifies the ends. Doing tax cuts or whatever is a justification in and of itself, regardless of results. In this case, economic maximization is the means, their ideology, and they don't care that the end result is mass casualties.
they know what the results of tax cuts for the wealthy is: increased federal debt. the fantasy that decreased taxes will not decrease revenue much or even RAISE revenue due to increased economic activity...we now have decades of evidence that that is a bunch of hogwash (reagan found out the hard way pretty much immediately). now they slash taxes, which creates debt issues, which they then point to and say we have to cut spending on welfare programs