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Nice image to share concerning the effect of taxes. Those who do not remember history are bound...
14 replies
= new reply since forum marked as read
= new reply since forum marked as read
My GOP friend says he served in the military during Carter's term. Carter disrespected the troops. Carter sucks. Didn't we have a recession under Carter?
It was fun posting Reagan's record.
K&R
Yet we do. Over. And over. And over. I don't know about anybody else, but it makes me sick to recall that old adage : "The more things change, the more they stay the same." I always wondered why. Why do we always end up in the same place? Over and over and over again. Why?????
That chart clearly and conclusively shows exactly why we always end back up in the same place. Thank you Whovian for posting it. This is why wingers don't like history. They don't like history because they don't want anyone to figure out what the Hell they're up to. Everyone needs to make a hard copy of this little chart, frame it, and hang it up on the wall. Believe me, if you don't, you will. You will forget.
So, looking at this chart, what does everyone think the top tax rate should be returned to in 2013 (of course, after top tax rates have gone back up to 35% on New Years Day 2013,) to make this country solvent again? I say 70%, the rate it was in 1975. NOT 35-38%, where it was in approx 2001 when GW came in. Scroll down to see how I arrived at 70%, as it was in 1975:
2012-1945= 67yrs (present day back to end of last depression)
67/2= 37yrs
2012-37= 1975
What think? That was 5 years before Reagan came in. Reagan, who ramped up the cold war leading us to believe that the Soviet's were getting ready to attack us. Reagan, who lead us to believe our war machine was sorely in ill repair and blew $4 trillion to update it. Reagan, who actually had lied to us about our war machine. It wasn't broken at all. Rather, our Intelligence actually said that the Soviet Army was all but broken and defunct. Reagan went over and told Gorbachev to "Tear. Down. This. Wall."..around 1985. Every one screamed and shouted in patriotic fervor. Wingers deduced that "Ronald Reagan won the Cold War."
GHWB comes in 1988, by telling his Repub friends (who all knew the tremendous debt that Reagan had run up and would need to be dealt with by raising taxes but yet didn't want to pay it) "Read-my-lips. No-new-taxes." Then GHWB tried as naught to reduce the debt by closing military bases. (In the middle of it all, in 1989, the Iron Curtain fell. 1.e. the Wall that Reagan told Gorbachev to tear down back in 1985.) When closing bases didn't work, he passed the "Omnibus Bill", which indeed increased tax rates, and he was all but booed out of office because of it.
In comes Clinton in 1992, faced with that huge debt. He promised that he would balance the budget, if given enough time to do it. Low, and behold, at the end of hi 8 yrs, the budget WAS balanced. GWB comes in (via the SC) in 2000 with a surplus. The rest is history. The only thing is...instead of raising taxes to pay for his wars and keep the bills paid, GWB lowered taxes. Oops. Arithmetic. And on top of the huge debt he built up, the market crashed in Sep of 2008, and Treas Sec Paulson convinced GWB and Congress that Wall Street had to be bailed out. And soon after, PO was elected.
I rest. I know most of us know all of this, but I also know that we have a lot of young people who may not know all of this. It's a rough outline, and maybe I got some things wrong, but I think it was mostly right.. someone will pipe in in a minute and point out my mistakes, and that's OK... That's why I luv DU, THE FACTS PLACE.
Yet we do. Over. And over. And over. I don't know about anybody else, but it makes me sick to recall that old adage : "The more things change, the more they stay the same." I always wondered why. Why do we always end up in the same place? Over and over and over again. Why?????
That chart clearly and conclusively shows exactly why we always end back up in the same place. Thank you Whovian for posting it. This is why wingers don't like history. They don't like history because they don't want anyone to figure out what the Hell they're up to. Everyone needs to make a hard copy of this little chart, frame it, and hang it up on the wall. Believe me, if you don't, you will. You will forget.
So, looking at this chart, what does everyone think the top tax rate should be returned to in 2013 (of course, after top tax rates have gone back up to 35% on New Years Day 2013,) to make this country solvent again? I say 70%, the rate it was in 1975. NOT 35-38%, where it was in approx 2001 when GW came in. Scroll down to see how I arrived at 70%, as it was in 1975:
2012-1945= 67yrs (present day back to end of last depression)
67/2= 37yrs
2012-37= 1975
What think? That was 5 years before Reagan came in. Reagan, who ramped up the cold war leading us to believe that the Soviet's were getting ready to attack us. Reagan, who lead us to believe our war machine was sorely in ill repair and blew $4 trillion to update it. Reagan, who actually had lied to us about our war machine. It wasn't broken at all. Rather, our Intelligence actually said that the Soviet Army was all but broken and defunct. Reagan went over and told Gorbachev to "Tear. Down. This. Wall."..around 1985. Every one screamed and shouted in patriotic fervor. Wingers deduced that "Ronald Reagan won the Cold War."
GHWB comes in 1988, by telling his Repub friends (who all knew the tremendous debt that Reagan had run up and would need to be dealt with by raising taxes but yet didn't want to pay it) "Read-my-lips. No-new-taxes." Then GHWB tried as naught to reduce the debt by closing military bases. (In the middle of it all, in 1989, the Iron Curtain fell. 1.e. the Wall that Reagan told Gorbachev to tear down back in 1985.) When closing bases didn't work, he passed the "Omnibus Bill", which indeed increased tax rates, and he was all but booed out of office because of it.
In comes Clinton in 1992, faced with that huge debt. He promised that he would balance the budget, if given enough time to do it. Low, and behold, at the end of hi 8 yrs, the budget WAS balanced. GWB comes in (via the SC) in 2000 with a surplus. The rest is history. The only thing is...instead of raising taxes to pay for his wars and keep the bills paid, GWB lowered taxes. Oops. Arithmetic. And on top of the huge debt he built up, the market crashed in Sep of 2008, and Treas Sec Paulson convinced GWB and Congress that Wall Street had to be bailed out. And soon after, PO was elected.
I rest. I know most of us know all of this, but I also know that we have a lot of young people who may not know all of this. It's a rough outline, and maybe I got some things wrong, but I think it was mostly right.. someone will pipe in in a minute and point out my mistakes, and that's OK... That's why I luv DU, THE FACTS PLACE.
