***Official Political Discussion Thread***

[RustyShackleford]

I can't wait for Rico and Ninja to defend their mans when we hit a recession in 2 years (maybe sooner if they get everything they're asking for). "It ain't a recession, we're just not producing as much! Savings all around! Cut spending!"

u know if da economy explodes under Trump imma come here & snicker st u later right?

You will have to explain da massive deficits doe. Because no matter how uncertain our economic future is, larger deficits under your papi are a guarantee if he cuts taxs and spends on infrastructure.

You have posted so much nonsense economic claims about Obama, we all have enough ammo to make you look stupid

 

[ninjahood]

*cough* overseas repatriation....

Trump gon get da economy poppin. da ammo against me is comedy considering once it happens ill be da one laughing last [emoji]128521[/emoji]

 

[RustyShackleford]

*cough* overseas repatriation....

Trump gon get da economy poppin. da ammo against me is comedy considering once it happens ill be da one laughing last [emoji]128521[/emoji]

*cough* That didn't work last time, we been over this.

The economy can grow at late 90s levels, and that still won't cover the tax cuts.

I know 5 year olds that know economics that you. You routinely have made yourself look like a complete buffoon on the subject, and it will only get worst.

You played yourself and you don't know it, there is not way Trump can keep all his promises, and you'll gonna struggle to deflect when he falls short.

Best case scenario is your mans overheats the economy to get short term gains, but that will explode deficits. Something you seem very critical of

There will always be an economic angle for me to make you look like a hypocrite

 

[ninjahood]

sure it didn't happen ... Reagan's economy was one of da strongest in history.

ill just crack my fingers and let u get embarrassed again. you're already 0-2 in predictions.

 

[RustyShackleford]

sure it didn't happen ... Reagan's economy was one of da strongest in history.

ill just crack my fingers and let u get embarrassed again. you're already 0-2 in predictions.

Reagan economy also had massive deficits.

That is something you and your Papi have promised will not happen.

You can't gloat on **** because there will always be a metric that will make the Trump economy look bad, a metric that your have already criticized Obama for.

You're too simple and too ignorant on economics to realized you have already lost this argument.

 

[AZwildcats]

tell em Rusty

 

[RustyShackleford]

I am not even the biggest Bill Clinton fan, but the 1990s economy washes the 1980s one.

The GOP biggest accomplishment was convincing the uneducated and ignorant that Reagan and his cronies were some economic wizards.

 

[ninjahood]

tell em Rusty

when da tax rates when down under Reagan, Tax revenue hit record highs.

if more people are working more people are paying into da coffers.

im glad this will happen now so people can witness it.

 

[EddieDoyers]

 

[RustyShackleford]

tell em Rusty

when da tax rates when down under Reagan, Tax revenue hit record highs.

if more people are working more people are paying into da coffers.

im glad this will happen now so people can witness it.

Not when adjusted for population and inflation they didn't

Basic economics, unless you are in a recession, tax revneue will always increasing because..................drum-roll please.......................population growth. It is the underlying pressure that increases our tax revenue and nominal GDP.

You don't understand the basics, so you spew political talking points thinking you're doing it. Go hit the books with Rico

“Contrary to the claims of voodoo, the government’s budget numbers show that tax receipts expanded from $517 billion in 1980 to $909 billion in 1988 — close to a 75 percent change (25 percent after inflation),” Moore wrote.

We checked the historical records of the White House budget office, and those numbers are right. But it’s devoid of important context.

First of all, revenues as a percentage of gross domestic product (GDP), which is the best way to compare across years, dropped from 19.1 percent in 1981 to a low of 16.9 percent in 1984, before rebounding slightly to 17.8 percent in 1989. One reason the deficit soared during Reagan’s term is because spending went up as a share of the economy and revenues went down.

But we can get even more specific about the impact of the 1981 cut in rates. A Treasury Department study on the impact of tax bills since 1940, first released in 2006 and later updated, found that the 1981 tax cut reduced revenues by $208 billion in its first four years. (These figures are rendered in constant 2012 dollars.) The tax reform act of 1986, which was designed to be revenue neutral, reduced revenues by less than $1 billion four years after enactment.

But Reagan’s tax increases in 1982, 1983, 1984 and 1987 boosted revenue by $137 billion. Overall, that’s a revenue loss from Reagan’s various tax bills, but it also shows that Moore is crediting to Reagan’s tax cuts revenues generated by Reagan’s tax increases.

Moore, in an interview, acknowledged that “certainly there were tax increases” but he insisted that the cut in tax rates generated “huge revenue gains.” He said that the “tax increases were small, compared to the tax cut, which was huge.” In particular, he said that the wealthy started paying more in taxes, and he said the booming economy resulted in increased tax revenues.

That’s actually not readily apparent from the data. Certainly, the share of taxes paid by the top 1 percent went from 17.9 percent in 1981 to 25.2 percent in 1989, for an increase of 37 percent, according to IRS data. But the income share of the top 1 percent increased even more dramatically, from 8.3 percent to 14.2 percent—a gain of 71 percent. So a lot of the increase in taxes came from a more dramatic increase in wealth.


Moore directed us to a paper he co-wrote in 1996 while at the Cato Institute, which offered a defense of the Reagan economic record. As we said, that’s for economic historians to sort out. But the paper says it was “an enduring myth” that Reagan officials believed tax cuts would pay for themselves. “This was nonsense from day one, because the credible evidence overwhelmingly indicates that revenue feedbacks from tax cuts is 35 cents per dollar, at most,” the paper says, noting that “the Reagan administration never assumed that the tax cuts would pay for themselves.”

The Pinocchio Test

It’s always hard to make judgments on economic issues, as the impact of various policies can be vigorously debated. We have no opinion on whether the 1981 Reagan tax cut was good or bad for the economy, except that it seems rather simplistic to attribute every good thing that happened to a single event. As Bartlett noted, Federal Reserve policy and the stimulus from increased government spending were also important factors.

In his remarks, Paul falls into the trap of suggesting the Reagan tax cuts paid for themselves—and then some. Reagan never claimed that would be the case—and the Treasury Department in 2006 confirmed that tax cuts reduced revenue. Moreover, Reagan repeatedly boosted taxes during his term as president, in part to make up for lost revenue from his original tax cut.

One could certainly believe that cutting tax rates—and simplifying the tax code–were important steps to set to stage for later economic growth, which of course brings in higher tax revenues. But the tax cut itself was a money-loser for the government–and it was not the sole reason for “tens of millions” of jobs. We cannot quite say Paul committed a Four-Pinocchio violation, but it’s close.

(For an alternative look at this data, Alan Reynolds of the Cato Institute wrote a rebuttal awarding The Fact Checker Three Pinocchios. We direct his attention to Chapter 4, page 4, which shows Reagan’s own 1990 budget, his last one, as concluding that the 1981 tax cut lowered revenues. This estimate was made in 1988, meaning it incorporated whatever growth occurred in the 1980s.)

I have posted articles about this before for you and bigot Blco, guess you don't read anything. My links or yours.

https://www.washingtonpost.com/news...s-of-millions-of-jobs/?utm_term=.93c4575bbbd3

 

[RustyShackleford]

Ninja bringing a butter knife to a economics gun fight

 

[EddieDoyers]

Ninja bringing a butter knife to a economics gun fight

Not even that
He's trying to rewrite a history that never happened

 

[RustyShackleford]

Watch him comeback in here trying to deflect, posting the 1984 election results map.

Just gonna double down on the buffoonery

 

[gry60]

"What do you have to lose?"

http://nypost.com/2016/12/15/motorist-told-schoolchildren-f-k-black-lives-they-dont-matter/

A group of schoolchildren in Bedford-Stuyvesant were subject to a vicious anti-black rant during a fire drill earlier this week, according to sources.

Students from Crispus Attucks Elementary were lined up outside their school at about 10:30 a.m. Tuesday when a man in a white Nissan was told he could not drive through the group, officials said.

“F**k Black Lives Matter. F**k black lives, they don’t matter,” the man shouted in response, sources said. “You f**king gorillas and baby monkeys, we voted for Trump. He’s going to build a wall and all you gorillas are going back.”

The men then proceeded to drive through the assembled children, cops said, but no one was injured.

Pathetic.

 

[AZwildcats]

 

tell em Rusty

when da tax rates when down under Reagan, Tax revenue hit record highs.

if more people are working more people are paying into da coffers.

im glad this will happen now so people can witness it.

once again, tell em Rusty 

 

[Nike Jordan]

"What do you have to lose?"

http://nypost.com/2016/12/15/motorist-told-schoolchildren-f-k-black-lives-they-dont-matter/

A group of schoolchildren in Bedford-Stuyvesant were subject to a vicious anti-black rant during a fire drill earlier this week, according to sources.

Students from Crispus Attucks Elementary were lined up outside their school at about 10:30 a.m. Tuesday when a man in a white Nissan was told he could not drive through the group, officials said.

“F**k Black Lives Matter. F**k black lives, they don’t matter,” the man shouted in response, sources said. “You f**king gorillas and baby monkeys, we voted for Trump. He’s going to build a wall and all you gorillas are going back.”

The men then proceeded to drive through the assembled children, cops said, but no one was injured.

Pathetic.

What are the house boys gonna say now? 

 

[dathbgboy]

"What do you have to lose?"

http://nypost.com/2016/12/15/motorist-told-schoolchildren-f-k-black-lives-they-dont-matter/

A group of schoolchildren in Bedford-Stuyvesant were subject to a vicious anti-black rant during a fire drill earlier this week, according to sources.


Students from Crispus Attucks Elementary were lined up outside their school at about 10:30 a.m. Tuesday when a man in a white Nissan was told he could not drive through the group, officials said.


“F**k Black Lives Matter. F**k black lives, they don’t matter,” the man shouted in response, sources said. “You f**king gorillas and baby monkeys, we voted for Trump. He’s going to build a wall and all you gorillas are going back.”


The men then proceeded to drive through the assembled children, cops said, but no one was injured.

Pathetic.

What are the house boys gonna say now? 

Picks on lil kids but won't ride through the hood and do that all confident. It's to the point where somebody needs to be made an example out of so that this nonsense gets deaded quick

 

[Nawzlew]

ask these dudes about net neutrality and icann.


http://arstechnica.com/tech-policy/...gut-net-neutrality-rules-as-soon-as-possible/

 

[ninjahood]

 

tell em Rusty

when da tax rates when down under Reagan, Tax revenue hit record highs.


if more people are working more people are paying into da coffers.


im glad this will happen now so people can witness it.

once again, tell em Rusty 

like i said, once da economy starts to roar imma be here high stepping to da endzone.

 

[RustyShackleford]

Even if that happens, I will be there to point out your hypocrisy.

Da deficits gonna be poppin

 

[Belgium]

As expected, I give up and try to shift to a different talking point.

 

[RustyShackleford]

 

[AZwildcats]

 

tell em Rusty

when da tax rates when down under Reagan, Tax revenue hit record highs.


if more people are working more people are paying into da coffers.


im glad this will happen now so people can witness it.

once again, tell em Rusty 

like i said, once da economy starts to roar imma be here high stepping to da endzone.

If the economy gets better I hope we are all high stepping

 

[moe fab]

#Calexit 2018

That is all...for now

 

[RustyShackleford]

Bruh