How well did that work in the 80's and the last 8 years? I do remember when Bush senior raised the taxes. Those were horrible years that followed. I do agree with limiting spending (I don't want to pay more than I have to) but putting your essencial bill's on a credit card is not fiscally responsible.



Scoop, looks like I missed that word "most". Oops..

 

It worked great in the 80's. Remember stagflation and the misery gap that Carter left. In comes Ronaldus Magnus and the Laffer curve and voila you have the longest peace time period of economic growth in history. It was only broken by GHWB and his breaking of the no new taxes pledge.
Now before you bring up the deficits under Reagan let me head you off at the pass. First of all he had a very liberal Democratic Congress headed by Tip O'Niel that would not actually cut spending and Reagan aquiessed in his second term. Also Reagan recognized that the USSR could not compete with us economically and he won the Cold War by bankruting the Soviets. We out spent them into the dustbin of history. Defict spending was a small price to pay for the world wide peace it bought.

As for the last 8 years, Bush's tax cuts were wildly successful. He inherited a recession then had 9/11. His tax cuts kept the economy going and up unitll last year we had the highest growth and lowest unemployment ever. Bush however was less able or willing to hold the line on spending and thus our rising debt. The GOP Congress that was booted in 2006 and yesterday's election are reflections of Conservatives disgust with the Republican party and their move away from proven conservative economic principles.

Cut marginal tax rates and you get economic growth. It's undeniable.

 

I'll agree with that, Carl. One thought leads to another and then I end up wanting to recapitulate (selectively, of course) all of the many wrongs and rights done by each side, which leads to many long run-on sentences which, in itself, inevitably arouses, out of his slumbering wrath, the great, renowned professor of English composition and literature...none other than NW's very own, nefariously noxious nincompoop known as newKnow, who nerdily nullifies neutral numerical analysis on the future nexus of our pilot group, namely, the SLI. NewKnow's "notably novel" notion of negation however, -through the niggling, nitpicking niceties of composition, exposes his true nature, a noisome, nettlesome, narcissistic nuisance....yet, simultaneously, he somehow retains the refreshingly haughty qualities of the pedant. (I promise I'll figure out how to do paragraphs)........( there, I tried, how do you do paragraphs? ) ....sorry professor newKnow....How does one construct paragraphs on the "reply to thread" page? Carl, any ideas?

 

From Dr. Strangelove: We cannot allow a "paragraph gap" to develop!

Scoop

 

Now that's just funny!!

 

I agree, Scoop, no "paragraph gap". I would go further, though, and insist that we pilots be allowed to select all flight attendents coming over to the combined airline. The selection would be based strictly on "sexual characteristics"......."which, of course, Mr. President, would have to be of a highly stimulating nature." (pilots and FAs) would have, afterall, many long layovers together, -"with much time, and little to do!"

 

Speaking of layovers.............do ya'll still stay at seperate hotels? Not that I care as I'm a married guy..........honest dear I really don't care.

 

That's what I tell my wife.....ah, ex wife. International crews stay together. It seemed that domestic crews split up quite a bit.

 

That was pretty funny Wiggy.

Carl

 

Ever see the movie "V?" This reminds me of the guy in the mask, rambling on.