Do tax cuts increase income or income inequality? Republicans maintain that decreasing taxes will increase economic activity and benefit everyone. Republican economic consultant Arthur Laffer said cutting taxes → increased economy → more tax revenue. But this did not happen from 1981-2008 when Republicans held the White House for 20 years. Tax revenues were flat under […]
Do tax cuts increase income or income inequality?
By kenransf on November 3, 2012 in Defense Spending, Federal Debt, Federal Tax Receipts, Government Spending, Income inequality, Social Excluding Medicare & Medicaid, Total Social Spending, Uncategorized, Unemployment
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Defense spending accounts for much (or all?) of the federal debt
By kenransf on November 3, 2012 in Defense Spending, Federal Debt, Government Spending, Total Social Spending, Uncategorized
If the US defense budgets were 72% less, there would be no debt But the defense budget isn’t the only cause of the federal debt. Other commonly cited causes are: The impact of defense spending on a family’s budget keeps getting larger The Republican plan to increase defense spending by $2 […]
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Borrow and spend – Red ink everywhere from 1981-2008
By kenransf on October 31, 2012 in Defense Spending, Federal Debt, Federal Tax Receipts, Government Spending, Medicare & Medicaid Since 1969, Total Social Spending
Debt goes up when income falls and spending goes up. The annual change after inflation is what’s being graphed above. The Federal Debt grew 14.8% a year under President Obama, for instance. There’s a lot of talk about the huge growth in the federal debt, but what caused it? A poor economy A poor economy […]
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Economic indicators described – Democrats superior to Republicans 1981-2008
By kenransf on October 28, 2012 in Defense Spending, Federal Debt, Federal Tax Receipts, Government Spending, Gross National Product, Total Social Spending, Unemployment, US Stocks
How do these numbers relate to the average American? Higher GDP – Gross Domestic Product – under Democrats Higher Democrat GDP of .6% amounts to a $94 billion larger economy based on the 2012 GDP of $15.6 trillion dollars. Higher stock market returns under Democrat administrations At the annual Democrat return of 14.3%, your stock portfolio doubles in […]
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1981 to 2008 – Democrats are Superior in 8 of 9 Indicators
By kenransf on October 26, 2012 in Defense Spending, Federal Debt, Federal Tax Receipts, Government Spending, Gross National Product, Money Supply, Total Social Spending, Unemployment, US Stocks
What’s graphed above is the annual change in the indicator. For instance, US Stocks earned 14.3% per year (capital appreciation plus dividends) after inflation from 1981-2008 when a Democrat was in the White House, but only 3.7% per year in the 20 years when a Republican was in the White House. So which party was better […]
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Recent Posts
- Do tax cuts increase income or income inequality?
- Defense spending accounts for much (or all?) of the federal debt
- Borrow and spend – Red ink everywhere from 1981-2008
- Economic indicators described – Democrats superior to Republicans 1981-2008
- 1981 to 2008 – Democrats are Superior in 8 of 9 Indicators
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- Government Spending (5)
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- Money Supply (1)
- Social Excluding Medicare & Medicaid (1)
- Total Social Spending (5)
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- US Stocks (2)