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Old 12-28-2017, 08:16 AM
Ike Bana Ike Bana is offline
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Join Date: Nov 2013
Posts: 8,310
On the new tax law...

The architect of the Reagan tax cut stimulus, which is the basis for almost 4 decades of this Republican tax cutting philosiphy was Paul Krugman. A long time ago Krugman advised that the Reagan cut was recognized at the time as a short term intervention only, designed only to pull the country out of the recession of those years. Krugman made it clear then and continues to reaffirm it now, that any economic growth realized would never been enough to balance out the reduction in revenue and the increasing debt in the long term. But the GOP realized way back during the Reagan days that lowering taxes was going to be their primary long-term political vote whoring strategy. And it has worked pretty well for them because...

More than anything, the American people are a herd of stupid fucking pre-adolescents who want what they want, want it right now, and want somebody else to pay for it.
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