What would Ronnie do about the Bush taxcuts? Dems - are you listening?

[jillan]

(David Stockman was Ronald Reagan's Budget Director)


David Stockman ridicules GOP on budget

“Two years after the crisis on Wall Street, it has been announced that bonuses this year will be $144 billion, the highest in history. That's who's going to get this tax cut on the top, you know, 2 percent of the population. They don't need a tax cut. They don't deserve it. And, therefore, what we have to do is focus on Main Street, and that means getting our house in order fiscally, not tax cuts that we can't afford.”
The point is, we're now in real-world governance. And you don't get 100 times at bat. The Republicans have been at bat for 30 years, and they've whiffed on everything."


on the military...
"We can't be the policemen of the world anymore because we can't afford it." He also spoke of raising taxes, though he was not specific on the subject.




Read more: http://www.politico.com/news/stories/1110/44798.html#ixzz14dYxQxTE

To be fair, he also wants to cut spending across the board - And to RAISE taxes on the top 2%






:rofl: :rofl: :rofl: :rofl:

[kentuck]

1. Obama should appoint him as an economic advisor...

After all, he worked for Reagan. Enough said. :-)

[jillan]

2. I thought about that... seriously, how could the repukes argue with their idol?

[Cosmocat]

3. Dude raised taxes what, 12 times or something ...

but he got you, me and the average Joe ...

All this "class warfare" crape, he was the first president to oversee a major tax shift from the have a lots to the have somes ...

[jillan]

4. I had a shouting match with a repug about the fact that Ronnie raised taxes - he would not believe

it. I even showed him online, and of course he still wouldn't believe it because it came from "a liberal site".

You know what else their beloved Ronnie did? Signed 'amnesty' into law. :P That's another fun factoid to remind the repugs.

Good ol' Ronnie and his trickle down economics - which is why I find it so interesting that his budget director would be raising taxes right now and cut funding for the military.

[Cosmocat]

7. St. Ronnie WAS the liberal boogeyman ...

As noted, tax increases, amnesty AND he cut and ran after the Beirut bombing ... If a D president had just packed up and went home after Beirut the party would have been permanently dead being portrayed as so weak on defense ...

But, this moron blathers about tearing the wall down after it had already started to fall apart and he is hailed as having taken down the Soviet Union ...

[Milo_Bloom]

5. Ronnie had the HIGHEST peacetime tax hike in HISTORY.

Ya know what... it worked.

The Tax Equity and Fiscal Responsibility Act (TEFRA) of 1982.

Want to have some fun with a wingnut... you may want to point out that the only difference so far between Reagan and Obama is that Reagan actually RAISED taxes to lift us out of a recession.

First, you need to start by looking at the unemployment rates while Reagan was in office.

http://www.miseryindex.us/urbymonth.asp?StartYear=1981-01&EndYear=1988-01&submit1=Create+Report

Reagan passes his nutty tax cut (which haunts us until this day) in August 1981... over the next 16 month unemployment RISES from 7.4% to 10.8%. With the tax cut a failure and the government bleeding red and needing to spend its way out of the recession, Reagan institutes the largest tax hike in peacetime history, which goes into effect January 1, 1983.

He couples this with a HUGE stimulus bill. What? You don't remember the Reagan stimulus bill? You know why? It was hidden in the defense budget. Instead of calling it a stimulus bill, they simply increased military spending by about 20% per year... overall it was a 1 trillion dollars in stimulus spending.

What happened once you had tax hikes coupled with stimulus spending?

The unemployment rate IMMEDIATELY starts dropping.

In fact, if you look a the results of Reagan's stimulus vs Obama's stimulus, they have nearly identical results over a similar time period.

[jillan]

6. And this is the man the No Taxes Party idolizes. I don't get it.

But then again, I don't understand alot of how these people think.