Rachel Maddow Uses Bush Sr Voodoo Economics Statement Against GOP Tax Cuts

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Category:

News & Politics

Tags:

• voodoo economics
• Bush
• tax cuts
• deficits

[26yearstoorion]

I want to throw shoes now

[yetzchaq]

@fausto412 I agree!!! he is a weak President..

[fausto412]

@investingandsaving75 Obama pussed out when he had the votes.

[stupidtrooper501]

@investingandsaving75 the problem is tax cuts don't create jobs so your whole logic is bust. large companies don't make jobs only small business and most small business owners in the 80 hated reaganomics because it helped large businesses more(tax cuts work better if you pay more taxes) which out competed small businesses and forced them to shut down and made the country lose jobs. thats why bush Sr. had to deal with a recession. "its the economy stupid"

[investingandsaving75]

Rachel, More people working = more people paying taxes = higher tax revenue. Hmmm, go figure! How'd Mr. Obama and his whole party do on growing jobs when they had filibuster-proof control of both houses and the executive branch?

[lordhighexecutioner]

@12235117657598502586 Once upon a time the tax code was set up to induce wealthy people to invest money productively. But then it became Class Warfare and an Insult to the most Virtuous People and so in the name of Simplifying the Tax Code under Reagan, most of these measures were gutted.

[lordhighexecutioner]

Tax increases are anti-stimulative, thus tax cuts are stimulative. Government spending is stimulative thus cutting government spending is anti-stimulative. The least efficient stimulation is tax cuts for people of low marginal propensity to consume - the rich. Tax cuts for the rich is the least efficient stimulation. It's deficit spending with the emptiest result, and is therefore the junkfood of deficit spending with the lowest nutritional value.

[lordhighexecutioner]

@merakhagen Not so. This can be achieved by doing nothing... economic growth serves to increase employment, which increases revenue and reduces unemployment payments. So deficits can be reduced without cutting spending or raising taxes.

[merakhagen]

@bonfirejovi To reduce deficit, you have to both increase tax and cut spending. If your car is out of gas, you stop driving and get into a gas station to add fuel.

[merakhagen]

Government deficit can only be reduced by increasing tax and cut spending. It is same as, us, the regular people, spend less and find part time job on top of our regular job. There are some idiots who cannot under simple logic.