"Trump Probably Picked the Worst Time to Propose a Giant Tax Cut"

And oppose tax rate reductions ...........

No you sont know tthst and is your attempt t divert rrom what I posted.

And now deflect and not respond to the issue here and a factual rebuttal.

The fact remains the tax rate reductions in the recent past lowered deficits as revenues soared and it was Democrat policies that reversed that and produced the worst budget history in modern times. When you have something bwsides you baseless spin let me know.

 

And when has that worked?

Try again

Why not $10,000? Why not $100,000? Let's just give everyone $100,000 every year and then watch how great will be the economy.

 

you want much bigger tax cuts then that for the rich... heck the death tax repeal will giveTrumps family billions in tax cuts... why billions?

why does the right always defend tax cuts for the rich and attack tax cuts for the working class (unless it's attached to a super sized tax cut for the rich)

so bottom up tax cuts do not work in your opinion? is that why Trump is making the middle class tax cuts temporary and the tax cuts for the rich permanent?

 

Have Democrats ever thought there was a good time for a tax cut?

 

Dumb as that sounds yes, some people have proposed just that.

 

Democrats are still in denial about the cause of the housing bubble and it's subsequent collapse. Two words, subprime loans.

 

not hardly, the job shortage caused people not to be able to pay back their loans, simple as that

foreign outsourcing and foreign imports are the problem
that said, neither Bush, Obama and now Trump have done anything to fix this

Bush's answer was tax cuts for the rich, that failed
Trump's answer is more tax cuts for the rich

we have to address the real problem

 

People with marginal income were able to buy houses with nothing down and payments they could barely afford. A slight economic downturn and some people losing their jobs and houses as a result quickly spiraled out of control. Without the subprime loans fiasco people would have had to put 20% down and would have lower payments. They would also have been required to have better jobs and job histories that would have weathered a slight downward tick in the economy far better. As it was you had clerk's at convenience stores buying houses and when their hours got cut goodbye house hello housing panic and subsequent crash.

 

the way its been throughout history of America, if you have enough to pay now, your given the loan, the assumption is as time goes on, inflation and wages will go up
part of the problem was the way the banks hid these losses and manipulated the system
the other was the economy and that is the big one, ignoring that to blame one party or the other is also part of the problem
no one seems to want to fix the problem as it's not a easy problem to fix and the other party will attack them for it when they do

throwing money at it like Bush, Obama and Trump is only a temporary band-aid - we have to fix the actual problem

if you read my posts back to Obama's stimulus I said the same thing even back then... just a temporary band-aid

how many more band-aids can we afford before we realize this? before we attempt to fix it

the economy is like a house of cards, fixing it is risky as much is about perception as well as reality, either goes south it's over

both parties have to want it and work together on a fix so neither side can point fingers afterwards

 

Before the subprime loan demands of the Democrats it was very difficult to buy a house. You needed 20% down, a good credit history and a good job that you had held a sufficient amount of time. That all went out the window with sub prime loans and the results of a minor economic downturn resulted in catastrophe.

 

that was not the cause of the down economy and most know it
when people had jobs, people payed their loans... simple
foreign outsourcing and foreign imports were the cause and it's only gonna get worse

 

False. And I posted the Reagan history. Now were done.

 

Fueled by every prez since Reagan. Including the guys watch that the collapse happened under.

 

I don't know about 'decades' but this dumb SOB, who was only marginally brighter than his supporters, said this.

 

Never said it was the cause of the economic downturn. What I said was it amplified that normal and inconsequential downturn into a full blown economic collapse when masses of people who never had any business purchasing a house in the first place began to be delinquent on loans. It quickly mushroomed and went into a death spiral. You can't have sub prime loans with people living from paycheck to paycheck buying houses without something like this eventually happening.

 

This shows you have little understanding of what those credit derivatives (a fraudulently insured "credit swap gamble") were and are and what the exact root cause of the 2008 economic collapse and subsequent bailout was. To explain it to a you would be a simple waste of my time, never the less, you post's assertion is nonsensical. You can research that information for yourself easily.......

 

Subprime loans were a direct result of Democrats in Congress threatening banks with dire consequences if they did not start down that path. It was thought by Democrats to be unfair that poor people couldn't participate in the American dream and of course racist accusations flew. Banks in turn found ways to lay off these loans on others to limit their risk and government let them do that so they could continue making subprime loans. It's a perfect example of what happens when government gets involved with business and tries to make things "fair".

 

Typical leftist response. No facts just call the other guy wrong and run.

 

What's funny is your post is neither a cogent response or a factual debunkment. You choose to side step to a comfort zone of blameless whining, labels & obvious projection. Noted....

 

How can I debate someone who says "your wrong" and runs? What's to say except nu uh, you are. Not my style.

 

I like that this tax will raise the taxes of all those rich bastards who swore, during the Bush Tax Cuts, that they would just love to pay higher taxes!

Well.... get yer pens out!

 

I want you to answer my questions

And when has that worked?[the trickle up]

Try again

Why not $10,000? Why not $100,000? Let's just give everyone $100,000 every year and then watch how great will be the economy.

 

What was the measure of failure? The tax rate cuts were across the board taking millions at the bottom off the tax roles completely even increasing the amount they MAKE off the tax system while those at the top not only paid hugely more in actually revenues they paid a higher share of taxes.

 

the Bush tax cuts for the rich were in place years before the crash....
Bush should of spend the money he spent nation building Iraq nation building at home instead
that and of course Bush, Obama and Trump needed to address foreign outsourcing and foreign imports, all of them are kicking the can
temporary band-aids do not fix the issue... foreign outsourcing and foreign imports are the issue
our money and jobs are going overseas....

 

"And when has that worked?[the trickle up]"

why are you attacking tax cuts for the middle class, I have never heard you argue against tax cuts for the rich

I bet if I said we should remove the SS tax cap to save social security you would complain that it wasn't fair the rich had to pay the same ss tax per dollar they earned that 90% of Americans do, but would be ok with lowering the benefits on the elderly and disabled to save it... am I right?