Nothing spurs growth like 1.6 trillion in new taxes | TigerDroppings.com

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Tiger Authority
LSU Fan
Member since Jul 2007
29475 posts

Nothing spurs growth like 1.6 trillion in new taxes


Woohooo, win the election and continue to act like you have a third graders understanding of economic policy.






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Lsut81
USA Fan
Member since Jun 2005
64136 posts

re: Nothing spurs growth like 1.6 trillion in new taxes


Oh yeah and I read somewhere else, but I cant find it now , that an insider was claiming that one of the plans floating around actually has spending increases in it


But now who isn't compromising?

quote:

Geithner’s visit to his office left McConnell discouraged about reaching a “balanced” deal on tax hikes and spending reductions designed to prevent a shock to the economy in January. “Nothing good is happening” in the negotiations, McConnell says, because of Obama’s insistence on tax rate hikes for the wealthy but unwillingness to embrace serious spending cuts.

Geithner suggested $1.6 trillion in tax increases, McConnell says, but showed “minimal or no interest” in spending cuts. When congressional leaders went to the White House three days after the election, Obama talked of possible curbs on the explosive growth of food stamps and Social Security disability payments. But since Geithner didn’t mention them, those reductions appear to be off the table now, McConnell says.






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meaux5
LSU Fan
Lafayette/BR
Member since Sep 2010
8408 posts

re: Nothing spurs growth like 1.6 trillion in new taxes


Woohoo 'Merica





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Elcid96
LSU Fan
Member since May 2010
5290 posts

re: Nothing spurs growth like 1.6 trillion in new taxes


Don't forget they also want more stimulus!! You can't make this up!





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kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
16372 posts

re: Nothing spurs growth like 1.6 trillion in new taxes


Yep, someday Americans are going to realize that elections have consequences.
No surprises here at all...






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ChemE in the OP
LSU Fan
The Flats
Member since Apr 2011
2811 posts

re: Nothing spurs growth like 1.6 trillion in new taxes


quote:

Nothing spurs growth like 1.6 trillion in new taxes


So you want growth, less taxes, and deficit reduction all at once? Seems illogical.






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Lsupimp
LSU Fan
Member since Nov 2003
30082 posts

re: Nothing spurs growth like 1.6 trillion in new taxes


quote:

So you want growth, less taxes, and deficit reduction all at once? Seems illogical.

The way FORWARD is economic diminishment, higher taxes and higher deficits. We can lay to rest the supply side canard that "a rising tide lifts all boats" by increasing taxes and increasing the deficit to a level that ensures The State no longer ignores the needs of The People at the expense of the Business Class. "Growth" is the goal of the Business Class. We seek only to move FORWARD.







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ChemE in the OP
LSU Fan
The Flats
Member since Apr 2011
2811 posts

re: Nothing spurs growth like 1.6 trillion in new taxes


I realize you need to stay in character but bottom line is we don't pay down our debt during growth periods, otherwise Keynesian economics would be taken as gospel.





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Newbomb Turk
Navy Fan
perfectanschlagen
Member since May 2008
9961 posts

re: Nothing spurs growth like 1.6 trillion in new taxes


quote:

Oh yeah and I read somewhere else, but I cant find it now , that an insider was claiming that one of the plans floating around actually has spending increases in it


Apparently, you missed the talking points sent out by the DNC to the mainstream media --

WE NO LONGER CALL THEM "SPENDING INCREASES" -- THEY'RE CALLED INVESTMENTS!!!


And, it's just a coincidence NOT WORTH REPORTING that those "investments" all seem to wind up in the hands of Odumbf*ck campaign contributors and voters.






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Willie Stroker
LSU Fan
Houston...ish
Member since Sep 2008
4415 posts

re: Nothing spurs growth like 1.6 trillion in new taxes


So you want growth, less taxes, and deficit reduction all at once? Seems illogical.

You can't be serious.

Government cannot create or produce anything. It only regulates, confiscates, and consumes, by taking resources OUT of the private economy where growth is produced. Government spending can put money BACK into the economy, but such redistribitive efforts tend to be politically motivated which is economically inefficient. Yet idealists still believe that government can wave a magic wand by taking money out of the most productive areas of an economy (that's the nature of taxation), causing society to all be better off. The truth is there is no free lunch. Every take has a corresponding loss.

How is that illogical?






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Lsupimp
LSU Fan
Member since Nov 2003
30082 posts

re: Nothing spurs growth like 1.6 trillion in new taxes


"Growth" is the obsession of the Business Class.
It remains morally, economically and politically-neutral to us.
Our concern is ensuring The People have adequate State resources to live their lives in a dignified manner.






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Willie Stroker
LSU Fan
Houston...ish
Member since Sep 2008
4415 posts

re: Nothing spurs growth like 1.6 trillion in new taxes


quote:

I realize you need to stay in character but bottom line is we don't pay down our debt during growth periods, otherwise Keynesian economics would be taken as gospel.


Lessening the debt burden can be accomplished by raising the GDP.






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ChemE in the OP
LSU Fan
The Flats
Member since Apr 2011
2811 posts

re: Nothing spurs growth like 1.6 trillion in new taxes


As I already stated, the reason austerity situations arise is that political leaders will not pay down debt during boom cycles although it's the correct approach.

So, we are forced to pay down the debt once reality hits.






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