Willyßagseed;6060445 said:Do some math and see what happens to the deficit if we got rid of the Bush tax cuts, went back to Pre Reagan tax rates and closed all the incentives NAFTA gives corporations to move production off shore (corporate welfare on 'roids). We would also do better if we had real news instead of infotainment but the Telecom bill in the '90s took care of real news.
Seems to me we did just fine from the 1950's - 1978 ( until JC jumped on the dereg bandwagon)
Many people think the USA did just fine 1980 - present and many did........... MAXING out their credit cards. Can't sustain living like that.
Well, if we did what you propose we would probably still not be able to balance our budget. Why? We spend a lot more.
Also, you cannot say that raising taxes to those %'s would not lower our total tax income. You might want to read up on the Laffer Curve for an idea of why it could work that way.
People were not 'living' off of credit cards in 1980's anymore than they are now. People use their credit cards to buy shit they don't need. They aren't paying their electric with it. If they are, its because A) They are irresponsible and don't budget.(like our government) or B) They spent their bill money on stupid shit they didn't need.(like our government) Show me one 'poor' family that doesn't have nikes, a new car, doesn't smoke or drink, do drugs, or have other issues.