[QUOTE=pipemanid;2202967]Exactly where did I say what was an acceptable level of unemployment? Attacking a position that I never took is a dishonest attempt to obscure my point…[/QUOTE]
Maybe I misunderstood you. Are you saying FDR’s socialist policies didn’t work?
[QUOTE=pipemanid;2202967]His policies did help a significant number of US citizens…Does “For the General Welfare” ring a bell?[/QUOTE]
I guess he helped maybe 7% (25%-18%) of the population after eight years of effort. Not nearly enough, IMO.
[QUOTE=pipemanid;2202967]Care to enlighten us on the cause of WWII?I believe you just credited WWII with eliminating the Great Depression…So you’re equating WWII with capitalism?[/QUOTE]
Actually, it was appeasement that caused WWII which was preceded by the Allies’ need to punish Germany excessively after WWI. I don’t revise history to make debate points. Of course WWII ended the Great Depression. If it didn’t then enlighten me on what did end it. It seems you are trying to tie capitalism as the cause of WWII. If so, you are going down a dead end trail with this line of reasoning. I will say without hesitation that capitalism allowed the Allies to win WWII. That is beyond dispute.
[QUOTE=pipemanid;2202967]Selective attribution is another one of your methods UTR…[/QUOTE]
You can type this after what you just said above?
[QUOTE=pipemanid;2202967]I said "unfettered, unregulated capitalism ", not all of capitalism…[/QUOTE]
So now capitalism is good?
[QUOTE=pipemanid;2202967]You continually propose “massive tax cuts”, but to date there has been no documented proof that prolonged economic stimulus is gained by these cuts…[/QUOTE]
You can’t be serious. It is proven time and again that cutting taxes increases revenue to the government. It is why cutting taxes is a staple in the playbook for ending recessions. Look into the increase in government revenue after the Reagan, 1994 Congress and Bush II tax cuts. You do know that if Congress would have controlled their spending we would have massive surpluses and the national debt would be all but paid off. The trouble is that when revenue increases our idiotic politicians increase spending and blow it all. Cutting taxes absolutely works in promoting a strong economy.
[QUOTE=pipemanid;2202967]The “borrow and spend” policies of previous administrations has just moved the cost out to future generations…Purportedly to be paid for by increased economic activity resulting from your proposed cuts…It hasn’t worked yet…[/QUOTE]
Are you saying that after substantial tax cuts the revenue to the government doesn’t increase? I assume you aren’t because you would be dead wrong if you did say it. Also, tax increases do the opposite. They reduce the revenue to the government in the long run.
The real problem is that Congress can’t stop increasing spending when they get the extra money into their hands. This concept isn’t rocket science and it is plain to understand for anyone that can reason just a little. The government can solve the budget problem by cutting taxes and holding spending increases to zero or even 1-2%. If they actually reduced spending then we might even have a hope of paying down the national debt. If they don’t do this soon we may go past the tipping point and never correct things. Especially with all the Baby Boomers retiring.