The JFK speech every Democrat should listen to | TigerDroppings.com

Posted byMessage
RTR America
Alabama Fan
Memphis, TN
Member since Aug 2012
23192 posts

The JFK speech every Democrat should listen to



JFK Speech on Tax Cuts

LINK

quote:

We need not accept an unemployment rate of five percent or more, such as we have had for 60 out of the last 61 months. There is no need for us to be satisfied with a rate of growth that keeps good men out of work and good capacity out of use.


quote:

And I know you share my conviction that, proud as we are of its progress, this nation's economy can and must do even better than it has done in the last five years. Our choice, therefore, boils down to one of: doing nothing, and thereby risking a widening gap between our actual and potential growth in output, profits, and employment — or taking action, at the federal level, to raise our entire economy to a new and higher level of business activity.


quote:

If we do not take action, those who have the most reason to be dissatisfied with our present rate of growth will be tempted to seek shortsighted and narrow solutions — to resist automation, to reduce the work week to 35 hours or even lower, to shut out imports, or to raise prices in a vain effort to obtain full capacity profits on under-capacity operations. But these are all self-defeating expedients which can only restrict the economy, not expand it.



quote:

But the most direct and significant kind of federal action aiding economic growth is to make possible an increase in private consumption and investment demand — to cut the fetters which hold back private spending. In the past, this could be done in part by the increased use of credit and monetary tools, but our balance of payments situation today places limits on our use of those tools for expansion. It could also be done by increasing federal expenditures more rapidly than necessary, but such a course would soon demoralize both the government and our economy. If government is to retain the confidence of the people, it must not spend more than can be justified on grounds of national need or spent with maximum efficiency.


quote:

]The final and best means of strengthening demand among consumers and business is to reduce the burden on private income and the deterrents to private initiative which are imposed by our present tax system — and this administration pledged itself last summer to an across-the-board, top-to-bottom cut in personal and corporate income taxe[/b]s to be enacted and become effective in 1963.

I'm not talking about a "quickie" or a temporary tax cut, which would be more appropriate if a recession were imminent. Nor am I talking about giving the economy a mere shot in the arm, to ease some temporary complaint. I am talking about the accumulated evidence of the last five years that our present tax system, developed as it was, in good part, during World War II to restrain growth, exerts too heavy a drag on growth in peace time; that it siphons out of the private economy too large a share of personal and business purchasing power; that it reduces the financial incenitives [sic] for personal effort, investment, and risk-taking. In short, to increase demand and lift the economy, the federal government's most useful role is not to rush into a program of excessive increases in public expenditures, but to expand the incentives and opportunities for private expenditures.


quote:

First, it should reduce the net taxes by a sufficiently early date and a sufficiently large amount to do the job required.


quote:

Second, the new tax bill must increase private consumption, as well as investment........When consumers purchase more goods, plants use more of their capacity, men are hired instead of laid-off, investment increases, and profits are high.


quote:

Corporate tax rates must also be cut to increase incentives and the availability of investment capital.


quote:

For all these reasons, next year's tax bill should reduce personal as well as corporate income taxes: for those in the lower brackets, who are certain to spend their additional take-home pay, and for those in the middle and upper brackets, who can thereby be encouraged to undertake additional efforts and enabled to invest more capital.


quote:

Third, the new tax bill should improve both the equity and the simplicity of our present tax system.


quote:

We shall, therefore, neither postpone our tax cut plans nor cut into essential national security programs. This administration is determined to protect America's security and survival, and we are also determined to step up its economic growth. And I think we must do both.



quote:

an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget — just as it will never produce enough jobs or enough profits. Surely the lesson of the last decade is that budget deficits are not caused by wild-eyed spenders but by slow economic growth and periodic recessions, and any new recession would break all deficit records.









Back to top
Share:
TooMuchArkyInMe
Arkansas Fan
the trap house
Member since Sep 2012
451 posts

re: The JFK speech every Democrat should listen to


Though I respect your stance, at that moment in time our debt wasn't over 9000. Cut spending, raise taxes. Nice balanced approach.





Back to top
RTR America
Alabama Fan
Memphis, TN
Member since Aug 2012
23192 posts

re: The JFK speech every Democrat should listen to


quote:

Though I respect your stance, at that moment in time our debt wasn't over 9000. Cut spending, raise taxes. Nice balanced approach.


You obviously have no grasp on how the economy works so I will post something you obviously skipped over when not reading what I posted.

quote:

an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget — just as it will never produce enough jobs or enough profits. Surely the lesson of the last decade is that budget deficits are not caused by wild-eyed spenders but by slow economic growth and periodic recessions, and any new recession would break all deficit records.


What spending cuts has Obama ever proposed?






Back to top
TooMuchArkyInMe
Arkansas Fan
the trap house
Member since Sep 2012
451 posts

re: The JFK speech every Democrat should listen to


Not many, yet, but I never said he did.





Back to top
Gladius Veritas
Arkansas Fan
North Little Rock, Arkansas
Member since May 2012
10316 posts

re: The JFK speech every Democrat should listen to


Well hot damn if JFK said it, it must be true!

Plus, raising the taxes doesn't mean you have to make them restrictive






Back to top
Zahrim
Colorado Fan
McCamey Texas
Member since Mar 2009
4551 posts

re: The JFK speech every Democrat should listen to


quote:

Not many,

specify please






Back to top
TooMuchArkyInMe
Arkansas Fan
the trap house
Member since Sep 2012
451 posts

re: The JFK speech every Democrat should listen to




Back to top
Gladius Veritas
Arkansas Fan
North Little Rock, Arkansas
Member since May 2012
10316 posts

re: The JFK speech every Democrat should listen to


Don't you know?

When you give evidence Republicans will completely skip over it and then post later that you never gave evidence






Back to top
LSUandAU
Florida
Member since Apr 2009
4060 posts

re: The JFK speech every Democrat should listen to


Kennedy would roll over if he saw the democrats today!





Back to top
Gladius Veritas
Arkansas Fan
North Little Rock, Arkansas
Member since May 2012
10316 posts

re: The JFK speech every Democrat should listen to


quote:

Kennedy would roll over if he saw the democrats today!



Not really






Back to top
southernelite
McNeese State Fan
New Orleans
Member since Sep 2009
41341 posts

re: The JFK speech every Democrat should listen to


0 budgets passed.





Back to top
Patrick_Bateman
USA Fan
Member since Jan 2012
9928 posts

re: The JFK speech every Democrat should listen to


"Ask not what you can do for your country - ask what your country can do for you." - Barack Obama





Back to top
Gladius Veritas
Arkansas Fan
North Little Rock, Arkansas
Member since May 2012
10316 posts

re: The JFK speech every Democrat should listen to


Lemme give you that title again

quote:

Repeat After Me: Obama Cut the Deficit and Slowed Spending to Lowest Level in 50 Years






Back to top
Gladius Veritas
Arkansas Fan
North Little Rock, Arkansas
Member since May 2012
10316 posts

re: The JFK speech every Democrat should listen to


quote:

"Ask not what you can do for your country - ask what your country can do for you." - Barack Obama


Oh you Conservatives. So clever and funny!






Back to top
  Replies (0)
LSUandAU
Florida
Member since Apr 2009
4060 posts

re: The JFK speech every Democrat should listen to


quote:

Gladius Veritas


Yes he would fella! He would not believe it...the high tax rates, the redistribution of wealth, the burden placed on job creators and businesses, etc.






Back to top
Gladius Veritas
Arkansas Fan
North Little Rock, Arkansas
Member since May 2012
10316 posts

re: The JFK speech every Democrat should listen to


quote:

the burden placed on job creators and businesses, etc.



What this really means is... "I don't want any taxes for rich people. Plus businesses are people too!"

Now go sit in the corner and think about what you just said






Back to top
RTR America
Alabama Fan
Memphis, TN
Member since Aug 2012
23192 posts

re: The JFK speech every Democrat should listen to


quote:

When you give evidence Republicans will completely skip over it and then post later that you never gave evidence



quote:

A new chart by the Comeback America Initiative (CAI), a non-partisan group dedicated to promoting fiscal responsibility by policymakers, shows federal spending by president as a percentage of GDP, and it doesn't reflect well on Obama.

"There has been a dramatic increase in spending under the Obama administration," David Walker, Founder and CEO of CAI, told Whispers. "Most of it is attributable to year one of his presidency and the stimulus... but President Obama has continued to take spending to a new level."

Federal spending was close to 20 percent under the Carter administration, dropped to 18 percent under Clinton, and is currently at an incredible 24 percent of GDP. According to the Congressional Budget Office, federal spending may hover around 22 percent for the next decade.

Federal spending is also higher this year than any year since 1949. The last time spending was higher—in 1946, it was 24.8—the country was just coming down from the exorbitant rates of spending during World War II.


quote:

First, Obama’s record on debt is a lot less flattering than is his record on federal government spending. During the same time that spending is poised to be increasing by 1.4 percent per year under Obama, the debt will be increasing by 14.6 percent per year. The reason? Year by year, federal revenues haven’t been keeping up with spending, due to the struggling national economy (which has held back tax revenues) and a continuation of tax cuts. And each year there’s an annual deficit, the national debt grows.

Second, federal spending under Obama is higher as a share of gross domestic product than it has been in most of the previous 60 years. That, too is because of the economy, which has simultaneously slowed the growth of GDP and boosted government spending for programs such as food stamps and Medicaid.


quote:

Third, the aging of the baby boomers has driven a rise in entitlement spending that is masking cuts Obama and the GOP Congress have made, and have promised to make, in discretionary spending. Using outlays as the unit of measurement, as Nutting and the Facebook post have done, means focusing on money already spent. It does not take into account future spending that’s been committed to but not yet carried out.

And finally, many Americans associate Obama with the high-profile legislative activities of his first year or two, when initiatives such as the stimulus sent spending upward the fastest. Since then, spending has slowed, thanks in part to spending cuts pushed by congressional Republicans.


quote:

A number of critics also argued that spending for the Troubled Asset Relief Program should be taken into account. This program aided troubled financial institutions and involved a lot of money going out the door in fiscal 2009 and a lot of money coming in the door in subsequent years as the money was paid back to the treasury. The critics note that counting the TARP expenses as Bush’s artificially raises the baseline level of spending Obama inherited, thereby making Obama’s subsequent spending increases seem unrealistically smal


LINK

LINK









Back to top
  Replies (0)
TooMuchArkyInMe
Arkansas Fan
the trap house
Member since Sep 2012
451 posts

re: The JFK speech every Democrat should listen to


quote:

high tax rates, the redistribution of wealth, the burden placed on job creators and businesses


burden placed on job creators??
high tax rates????
REDISTRIBUTION OF WEALTH?
you could write a novel with this shite.






Back to top
southernelite
McNeese State Fan
New Orleans
Member since Sep 2009
41341 posts

re: The JFK speech every Democrat should listen to


Wait until Obamacare takes effect then we'll see how slow of a spender he is.






Back to top
RTR America
Alabama Fan
Memphis, TN
Member since Aug 2012
23192 posts

re: The JFK speech every Democrat should listen to


quote:

Wait until Obamacare takes effect then we'll see how slow of a spender he is.



Isn't it around like 2 trillion now?






Back to top


Back to top