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 […]
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Do tax cuts increase income or income inequality?
Defense spending accounts for much (or all?) of the federal debt
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 […]
Borrow and spend – Red ink everywhere from 1981-2008
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 […]
Economic indicators described – Democrats superior to Republicans 1981-2008
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 […]
1981 to 2008 – Democrats are Superior in 8 of 9 Indicators
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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- 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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