Originally posted by: Boilerman
When you through gas on the fire, it burns. Imagine that.
EXACTLY!!!!!!!
When the economy grows at a faster rate than any time since 1982, all of the increased demand produces...inflation!
Do you know what also happened in 1982 during the booming Reagan economy? High inflation.
I think that settles it.
And the economy is booming despite all of the Republicans' coordinated attempts to sabotage it.
They vote against COVID relief, they vote against infrastructure....and worst of all, they encourage their base to be afraid of the cure to the pandemic. Just think what GDP would be if the country was fully open for business instead of pandering to unvaxed, QaNon retards.
In any event, the FED is now raising interest rates because we are at full employment and the hot economic growth needs to be SLOWED in their opinion.
Originally posted by: MisterPicture
EXACTLY!!!!!!!
When the economy grows at a faster rate than any time since 1982, all of the increased demand produces...inflation!
Do you know what also happened in 1982 during the booming Reagan economy? High inflation.
I think that settles it.
Mister, you and our other resident Libs really don't know the facts. Wow, I'm shocked. When Reagan took office inflation was running 13.5%. His first year it dropped to 10%, then 6%, then 3%. I don't know how many people who blamed the Reagan deficit on tax rate cuts, but it's a perpetual lie. I'm sure Mister would jump on that band wagon. Reagan tax cuts led to increased federal tax revenues, just as promised. Spending, spurred by the left, lead to the increased deficit.
I don't know how many times I've heard the same claim about the Trump's tax cuts...............you know, that they led to an increased deficit. The reality, however, is that once again tax rate cuts lead to increased tax revenues.
Goverment should not be spending is much as they are. Biden should not be throwing gas on the fire.
Originally posted by: PJ Stroh
And the economy is booming despite all of the Republicans' coordinated attempts to sabotage it.
They vote against COVID relief, they vote against infrastructure....and worst of all, they encourage their base to be afraid of the cure to the pandemic. Just think what GDP would be if the country was fully open for business instead of pandering to unvaxed, QaNon retards.
In any event, the FED is now raising interest rates because we are at full employment and the hot economic growth needs to be SLOWED in their opinion.
We have a cure to the pandemic?!?! Please explain that one. This is news to me.
Originally posted by: Boilerman
Mister, you and our other resident Libs really don't know the facts. Wow, I'm shocked. When Reagan took office inflation was running 13.5%. His first year it dropped to 10%, then 6%, then 3%. I don't know how many people who blamed the Reagan deficit on tax rate cuts, but it's a perpetual lie. I'm sure Mister would jump on that band wagon. Reagan tax cuts led to increased federal tax revenues, just as promised. Spending, spurred by the left, lead to the increased deficit.
I don't know how many times I've heard the same claim about the Trump's tax cuts...............you know, that they led to an increased deficit. The reality, however, is that once again tax rate cuts lead to increased tax revenues.
Goverment should not be spending is much as they are. Biden should not be throwing gas on the fire.
Trump tax cuts led to increased revenues? Your source for that?
And please, don't be like Jerry.
And please don't be like MrPussy who calls people cowards behind his keyboard and keeps ignoring the open invite to meet me to tell me that to my face. Oh wait, that is what a coward does. That's been exposed now.
Originally posted by: Jerry Ice 33
And please don't be like MrPussy who calls people cowards behind his keyboard and keeps ignoring the open invite to meet me to tell me that to my face. Oh wait, that is what a coward does. That's been exposed now.
So when you were six years old, how would you have responded when someone caught you in a lie. You would have lied about it, made excuse about it, whined about it, and then tried to punch your accuser. Right?
I always suspected you were infantile. This confirms it.
Originally posted by: MisterPicture
Trump tax cuts led to increased revenues? Your source for that?
And please, don't be like Jerry.
Um, the federal govenments annual financial reports. It can easily be found on the interweb. Tax revenue went up until Covid hit. Reagan tax revenues also increase.
Originally posted by: Jerry Ice 33
We have a cure to the pandemic?!?! Please explain that one. This is news to me.
Yes, its pretty common knowledge on both sides of the aisle.....just with a different answer. The side that thinks the vaccine would end the pandemic is right. The side that thinks Ivermectin will? Not so much.
Bummer we have to accomodate the latter, isn't it?
The states with the weakest economies are the ones with the strictest rules; Mi, Ny, Ca, Illinois to name a few
