tag:blogger.com,1999:blog-8152276548741689888.post3514257687757911178..comments2023-07-13T02:41:14.787-07:00Comments on Captain Brodad Unkahubabuddy: An Alternative Plan (Of course you won't hear about it)Brodad Unkabuddyhttp://www.blogger.com/profile/15878104722897852511noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8152276548741689888.post-86440016047993875112009-04-05T12:41:00.000-07:002009-04-05T12:41:00.000-07:00As long as there are no term limits, there will be...As long as there are no term limits, there will be huge deficits.Mike Westhttps://www.blogger.com/profile/06945346269901306549noreply@blogger.comtag:blogger.com,1999:blog-8152276548741689888.post-21413149175414886792009-04-04T11:12:00.000-07:002009-04-04T11:12:00.000-07:00You are correct. Reagan did raise taxes a couple o...You are correct. Reagan did raise taxes a couple of times - gasoline and the bottom rate. Historians differ as to whether either of those were even necessary. However, by cutting corporate rates he jumpstarted the economy by encouraging investment and risk taking which in turn created jobs which increased government revenue. Bush #1 says increasing taxes was the worst mistake he made in office, both politically and fiscally. One interesting thought I read was deficit spending is not bad if it leads to profits. In other words, if you borrow $1 to make $10, then it's a good thing. So sometimes when deficit spending goes up, so does revenue and profitability. I can relate it somewhat to Clinton and Bush. I'm trying to relate this to the Obama budget, but I'm afraid it's like comparing apples and oranges.Brodad Unkabuddyhttps://www.blogger.com/profile/15878104722897852511noreply@blogger.comtag:blogger.com,1999:blog-8152276548741689888.post-41225641929977569212009-04-03T23:04:00.000-07:002009-04-03T23:04:00.000-07:00Reagan reversed himself in '82 and '83 and raised ...Reagan reversed himself in '82 and '83 and raised taxes in order to pay for his increased defense spending, which, as any true believer knows, was responsible for eventually bringing the Russians to their knees. <BR/>So, was this tax increase worth it-to put the final nail in the coffin of the Soviet machine? Of course, he still did leave deficits at the end of his term which Bushed #1 was forced to try and clean up by abandoning his "no new taxes" pledge. Which paved the way for your favorite, "the man from Hope", who actually did raise taxes once again, balanced the budget, thereby handing Bushed #2 a 1.2 trillion surplus, and had the best economy and job creation Presidency in the last 50 years! But, I guess, the worst financial collapse in our country's history does not warrant allowing the top income tax bracket to snap back to 39% from 35% in 2010-some of those making over 250k/yr. may be forced to sell a yacht or two!vwatthttps://www.blogger.com/profile/04352073204117744845noreply@blogger.comtag:blogger.com,1999:blog-8152276548741689888.post-71510188552501777832009-04-03T09:19:00.000-07:002009-04-03T09:19:00.000-07:00Give one example in the history of the world where...Give one example in the history of the world where raising taxes and deficit spending has fixed any economy anywhere.Brodad Unkabuddyhttps://www.blogger.com/profile/15878104722897852511noreply@blogger.comtag:blogger.com,1999:blog-8152276548741689888.post-88653756164001555022009-04-03T08:50:00.000-07:002009-04-03T08:50:00.000-07:00I have heard this alternative plan has actual numb...I have heard this alternative plan has actual numbers in it!! It also relies on the Republican solution to everything-tax cuts. And it also would basically "privatize" medicare(gee, let's do that with Social Security also-Wall St. can handle it!)under the guise of the "premium support" plan. Fortunately, this plan is dead on arrival, the Dems will get their plan one way or another, either on a straight vote or through "reconciliation"(no filibuster allowed).vwatthttps://www.blogger.com/profile/04352073204117744845noreply@blogger.com