How many times have we heard that revenues go up with lower taxes? How many times did it come true? .... <crickets>...
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Without growth, gov't entitlments can not be sustained at current levels. Status quo is not an option.
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It didn't work for Reagan it won't work now.
#insanity -
I believe GDP growth under Reagan averaged 3.5-3.8% during his term. Under Obama, after 3 taxes increases we averaged 2% GDP growth
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It took a generation for the wealth transfer from the middle class to the upper. Now middle class is too small, hence low economic growth.
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Middle class went crazy with plastic. Fake money
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That is also a factor. Lots of predatory lending helped exasperated the issue.
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Voodoo economics revisited.
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We've heard the same tired old trickle down story for decades. It hasn't worked yet, so why should it now!
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And we all know what happens when we assume.
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Baffling! Work requirements to receive SNAP? People would prefer to work if they could find a job, now take away lifeline is reprehensible.
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No it will not work due to the completely failed economic policies of the last several Decades that have destroyed the middle class
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"Rosy" is an understatement. The required growth projections are unprecedented, prompting skepticism f/ economists of all political stripes.
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Tell me how many times has the average economist been correct. Rapidity of changes require evergreen projections not static scholastic types
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Better to underestimate performance & be pleasantly surprised than to face revenue shortfalls that require difficult corrections to remedy.
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In business that is called sand bagging!
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No. Sandbagging is deliberately underperforming. I'm talking about making conservative projections and/or forecasts.
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# SWAMPRUMP. ..THE PAIN YOU MAKE IS EQUAL TO THE PAIN YOU GET.
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