I was not going to post Here Anymore

[RIROCKHOUND]

Originally Posted by Jim in CT

Now don't go bringing inconvenient facts into this.

Right. Without that pesky bank failure that war would have paid for itself...

[detbuch]

Originally Posted by RIROCKHOUND

Right. Without that pesky bank failure that war would have paid for itself...

The bank failure had nothing to do with military spending. The military had been gutted by Clinton and would have had to be rebuilt without the war. The Bush tax cuts, again not related to the bank failure helped fuel economic growth for most of Bush's administration and would have more than covered the refurbishing of the military. Of course the war made it more expensive. All wars do and have done. You just asked for the last time we have seen tax cuts and big increases in military spending, not massive increases due to war.

You conveniently passed on Reagan.

[RIROCKHOUND]

Originally Posted by detbuch

The bank failure had nothing to do with military spending. The military had been gutted by Clinton and would have had to be rebuilt without the war. The Bush tax cuts, again not related to the bank failure helped fuel economic growth which would have more than covered the refurbishing of the military. O course the war made it more expensive. All wars do and have done. You just asked for the last time we have seen tax cuts and big increases in military spending, not massive increases due to war.

You conveniently passed on Reagan.

You are right, I did. I was thinking of Bush. You can argue the costs of 'refurbishing' the military, but in times of war, historically, taxes went up to cover the cost.

[detbuch]

Originally Posted by RIROCKHOUND

You are right, I did. I was thinking of Bush. You can argue the costs of 'refurbishing' the military, but in times of war, historically, taxes went up to cover the cost.

Yes, but war is the exception. Spending on military maintenance and improvement are constitutional responsibilities of the Federal Government. The other non-constitutional social obligations that the Federal government has taken on amount to more debt than constitutional spending which includes the military.

You're right, in times of war, taxes usually go up. But, as I said, war is the exception and should not be a factor in the simple question of lowering taxes and normal military spending. And Bush's tax cuts and increased spending on improving the military would not have hurt the economic boom. Had you mentioned war, the answer might have been different.

On the other hand, the continued good economy could have eventually, and not too long, have paid for the war. The collapse of the economy changes all that.

[Jim in CT]

Originally Posted by RIROCKHOUND

You are right, I did. I was thinking of Bush. You can argue the costs of 'refurbishing' the military, but in times of war, historically, taxes went up to cover the cost.

Tax revenues collected, hit an all time high after the Bush tax cuts. Tax revenues did not decrease. Not sure you can say for sure, that higher tax rates would have resulted in higher tax revenues collected.

[RIROCKHOUND]

Originally Posted by Jim in CT

Tax revenues collected, hit an all time high after the Bush tax cuts. Tax revenues did not decrease. Not sure you can say for sure, that higher tax rates would have resulted in higher tax revenues collected.

That isn't that simple, and you know it.
http://www.politifact.com/punditfact...rose-after-bu/
Posted from my iPhone/Mobile device

[Jim in CT]

Originally Posted by RIROCKHOUND

That isn't that simple, and you know it.
http://www.politifact.com/punditfact...rose-after-bu/
Posted from my iPhone/Mobile device

Tax rates went down.

After that, tax dollars collected went up.

I understand numbers, and I know you can slant them, adjust them, index them to make them say almost anything you want them to say.

But tax rates went down.

And then tax revenues went up.

Would tax revenues have been higher if tax rates were higher? I don't know.

What do we know?

We know tax rates went down, and that then revenues went up

Bryan, when the cost of something goes down, the demand for that something goes up. That applies whether that 'something' is televisions, widgets, or even wealth.

[spence]

Originally Posted by detbuch

The bank failure had nothing to do with military spending. The military had been gutted by Clinton and would have had to be rebuilt without the war. The Bush tax cuts, again not related to the bank failure helped fuel economic growth for most of Bush's administration and would have more than covered the refurbishing of the military. Of course the war made it more expensive. All wars do and have done. You just asked for the last time we ahave seen tax cuts and big increases in military spending, not massive increases due to war.

You conveniently passed on Reagan.

There's so much wrong with this post. Clinton didn't gut military spending, he held it steady after a decline by Reagan and Bush 41.

The Bush tax cuts mostly just increased the deficit while economic growth was driven by a real estate bubble.
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[Slipknot]

So if Comey is such a straight shooter, why is he asking for immunity?


there's that word again, IMMUNITY

[Jim in CT]

Originally Posted by spence

The Bush tax cuts mostly just increased the deficit while economic growth was driven by a real estate bubble.
Posted from my iPhone/Mobile device

So what caused the much larger deficits under Obama?