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Adam Smith was right
by AskNoOdds

"In great empires the people who live in the capital, and in the provinces remote from the scene of action, feel, many of them, scarce any inconveniency from the war; but enjoy, at their ease, the amusement of reading in the newspapers the exploits of their own fleets and armies. To them this amusement compensates the small difference between the taxes which they pay on account of the war, and those which they had been accustomed to pay in time of peace. They are commonly dissatisfied with the return of peace, which puts an end to their amusement, and to a thousand visionary hopes of conquest and national glory from a longer continuance of the war."

He could've been describing today's GOP. Except for the "taxes which they pay on account of the war," since Bush has put us deep into debt by doing the unprecedented--cutting taxes in a time of war.

Re: Adam Smith was right
by jackg

Do a little research next time before publishing your rants. Tax revenues are at an historical level, due primarily to the tax cuts, which kept the economy going and growing the past several years.

jg

Re: Adam Smith was right
by LiveEarth

"due primarily to the tax cuts" - OPINION ONLY

You cannot begin to prove that statement.

Wrong again Deadhead.....
by Commander Gay

it been proven more than once.

Actually, when adjusted for
by warden
inflation, and taking into account the first years of a drop in revenues, we are still at a net loss after the tax cuts. This happened when Reagan cut taxes as well but the righties like to bury their heads in the sand about those facts.
Actually it never has been
by warden
proven and most actual evidence disputes it.
Re: Adam Smith was right
by partizan
You dopey cons will say anything. There has been almost not time when every year was not a record year for revenue. UNTIL bush's moronic tax cuts. Then it took 5 yrs for revenue to rise to the Clinton era levels.
have you ever looked at
by AskNoOdds

the historical CBO reports?

In virtually every year tax revenues increase. That's because the economy grows almost always.

If you did some research you'd see that even Bush's own economic advisor N. Gregory Mankiw, admits (in fact he did a study) that showed that while tax cuts can stimulate the economy, they amount in a net loss on the revenue side.

It is truly magical thinking to believe that cutting taxes is the cause for increased revenue. If that were the case, we could just cut taxes to .00001% and the government could be out of debt in a month.

Also, if you look at the CBO reports, please note that tax revenues increased at a much faster rate after the Clinton tax increase than after the Reagan or Bush tax cuts (which saw drops in revenue in both instances for a couple of years).

Also note that Reagan increased taxes in later years (I think he raised taxes in 5 of his 8 years) and that contributed to the eventual rebound in revenue.

Actually it happened almost overnight......
by Commander Gay
when Clinton re-financed the national debt on short term notes, only to leave the debt for the next President. Didn't matter if it was Gore or Bush.
In fact revenues did not start
by warden
going up under Reagan until he raised taxes.
Re: Wrong again Deadhead.....
by LiveEarth

Then go ahead asshat....

Prove it!

Commander Gay:

it been proven more than once.

The post wasn't about taxs...
by Doubter
it was about the entertainment value of war.
Re: Actually it happened almost overnight......
by LiveEarth

Commander Gay:
when Clinton re-financed the national debt on short term notes, only to leave the debt for the next President. Didn't matter if it was Gore or Bush.

Prove it shitdick!

Mr. Warden, the facts will
by AskNoOdds

get you no where with these so-called conservatives.

He's heard the lie that cutting taxes increases revenues and it's so pleasing, he embraces it. He might still believe in Santa, the Easter Bunny, and the Tooth Fairy. It wouldn't surprise me in the least.

Re: Adam Smith was right
by tsedek

"Do a little research next time before publishing your rants."

He will when you do.

"Tax revenues are at an historical level, due primarily to the tax cuts,"

Actually due to inflation, same reason everything else is at "historical level."

"which kept the economy going and growing the past several years."

National debt has grown faster than GDP, so there has been no real growth aside from deficits, debt, and the government.

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