On national TV the austerity movement became a laughingstock
it is just good business (other people's money).
do you know who holds US debt? we do
There a lot of investors who hold US debt...hell to hear some on the right China holds it all....
The time to do this is not in the middle of a finanical crisis
then WHEN is it? tell me
As I said in the post you quoted when the economy is rolling along on its own.
and the party to initiate it is not the one who lead us into playing soldier in the desert while we cut taxes.
our highest recorded tax receipts were during the bush tax cuts
Well hell just cut marginal tax rates to 0% and everything is solved! I remember doing an experiment just like the one you are suggesting took place during the Bush era (and of course every president since Nixon) in High School...we caught a fly and then released it while telling it to fly away...sure enough it did just that. Then we caught another one and ripped its wings off and told it to fly...and the dammed thing refused to. Our conclusion? A flies ears are in its wings...
That is exactly what supply siders will tell you is happening when they are slashing taxes AND INCREASING SPENDING.....They attribute any rise in revenues (and they are incredibly difficult to find) to tax cuts and when you mention the associated increase in spending THAT ALWAYS ACCOMPANIES those cuts they want to change the subject to the weather....take a look at the increase in spending, and especially military spending, during the Bush era and see if you can categorically declare that any increase in revenue during the period was due to tax cuts or the opening of the cash spigots...every supplu sider since Kennedy has done the exact same thing because they are cutting the tax burden on their cronies while keeping the masses happy enough for long enough for them to squirrelly that wealth away in foreign investments where it can't be touched when the defecation hits the rotating air circulator. Bush era tax cuts had no more to do with increasing revenues than Reagan cuts did or, conversely, Clinton increases....it was all about income and increased federal spending drove incomes and profits through the roof and tax revenues increased accordingly. Nice try though, but the myth if supply side economics has been so thoroughly debunked that no one butthe right insists on the validity of the premise any longer....