Taxation Without Representation

[Whirlaway]

You don't know your American history WTF.............No tax increases until dramatic spending cuts are a reality!

"TEFRA—the Tax Equity and Fiscal Responsibility Act—which congressional Democrats promised would involve a ratio of $3 in spending cuts for every $1 in tax increases (which they said would consist only of closing loopholes). TEFRA passed later that year, and the tax increases certainly happened but, as Reagan later put it in his autobiography, “the Democrats reneged on their pledge and we never got those cuts.”

TEFRA was one of Reagan’s great regrets about his time in the White House, and should serve as a warning to Republicans contemplating similar grand bargains. "

Originally Posted by WTF

Conservatives did not get bamboozled......... .

[WTF]

Reagan did nothing to curb defense spending . do you think the liberals were going to cut theirs pet projects. Reagan knew damn well that was not going to jappen. He is just rewriting history

[Whirlaway]

Nice try to dodge what you said is false......................... ...

History is clear. Do not trust the Democrats to cut spending. They will go for tax increases everytime, and will never cut federal spending !

Reagan didn't have to cut defense spending. Jimmy Carter sliced the DOD budgets for four years and left us hollow; Reagan, thankfully, built up America's defenses.

[WTF]

Originally Posted by Whirlaway

Nice try to dodge what you said is false......................... ...

History is clear. Do not trust the Democrats to cut spending. They will go for tax increases everytime, and will never cut federal spending !

Reagan didn't have to cut defense spending. Jimmy Carter sliced the DOD budgets for four years and left us hollow; Reagan, thankfully, built up America's defenses.

No it was not. Look you can not increase Drfense spending and not expect the librtsls to increase social spending. Resgan was conserative in name only

[WTF]

Reagan doubled the nations debt btw

[nevergaveitathought]

About 25 percent of our GDP is spent annually by government with failure in every sector

[WTF]

I can not help how stupid you are never. Just because you can't keep up does not mean I make no sense

[CJ7]

Raygun never spent a penny on the cold war.

LMTAO

[WTF]

Yes he won it all by himself. Didnt spend a djme of our tax dollars.

[Jackie S]

Reagan spending during the Cold War is how America won the Cold War.

[Doove]

Originally Posted by Jackie S

Reagan spending during the Cold War is how America won the Cold War.

That's a theory.

Reagan spending during the cold war and not taxing adequately enough to pay for it is part of where our current debt comes from.

That's a fact.

[WTF]

Originally Posted by Jackie S

Reagan spending during the Cold War is how America won the Cold War.

That and low oil prices and Russia bleeding money in.Afghanistan. Something we are now doing with high oil prices, which hurt our economy.

Originally Posted by Doove

That's a theory.

Reagan spending during the cold war and not taxing adequately enough to pay for it is part of where our current debt comes from.

That's a fact.

True dat!

People seem to forget the interest it takes to service that debt.

[I B Hankering]

Originally Posted by Jackie S

Reagan spending during the Cold War is how America won the Cold War.

Originally Posted by Doove

That's a theory.

It’s more than a theory. It’s irrefutable historical fact. Reagan saw a crumbling wall, he applied pressure and the wall crumbled. Reagan sought to relieve the U.S. of its perpetual burden of indefinitely and forever manning the walls in defense against the threat of Communism. By bringing an end to the “Evil Empire,” Reagan sought to relieve the U.S. of the burdensome costs of the Cold War. Reagan used increased defense spending as but one tool to bring the Soviet Union to its knees where it would receive a coup de grâce. It worked -- that's not theory.

[WTF]

It worked but all the other past Presidents actions helped make it work. And Russia is still here. Is it different? Yes. But the man who was KGB is now running that country. We still spend almost more than the entire world combined on Defense. How long can we keep this up with the deficits we are running? That seems to be the picture at the present moment. Are we putting ourselves in the same position Russia put themselves in?

I am in agreement with what Reagan did, my point was how did he do it? He shifted the tax burden from the richer among us from high Federal taxes to more taxes on the middle class by raising and tweaking SS. That combined accounting trick that LBJ first used is the biggest trick our politicians have use aganist us that this country has ever seen IMHO. It has tricked us into not taking into account the huge cost of Defense. We have been able to borrow money meant for our retired population to pay for that huge Defense build up. People do not seem to understand where the money came from and we now seem to be in this huge class warfare where nobody will talk about the elephant in the room. From my POV , it is because people do not understand the accounting tricks used by combining the trust funds with other Federal tax dollars.

[I B Hankering]

Originally Posted by WTF

It worked but all the other past Presidents actions helped make it work. And Russia is still here. Is it different? Yes. But the man who was KGB is now running that country. We still spend almost more than the entire world combined on Defense. How long can we keep this up with the deficits we are running? That seems to be the picture at the present moment. Are we putting ourselves in the same position Russia put themselves in?

Previous presidents put the Soviet Union of life support enabling it to exist as long as it did. Reagan achieved his goal with the Soviet Union. From 1982 to 2000, the stock market climbed steadily, showing the heartiness of the free-market system. The key factor is the economy. A broader tax base would mitigate some of the deficit. Ultimately, every interest group has to bring a sacred cow to the slaughter for real change to be effected.