Monday, April 11, 2011

Look at the last 10 years !!!!

Reagan got elected by telling the country the debt was "out of control." Compared to national income, it was the lowest in 50 years. He probably didn't know. But his supply-side economists did. They lied to America.
In 1981 Reagan's supply siders wrote the tax cuts for the rich and his budgets. The Senate was Republican, and Reagan got the Southern Dems in the House to vote for him. All Republicans and a few Dems voted for the budget. The national debt had its worst year since 1945. The next year it got worse, and for 20 out of 20 years, the supply siders raised the debt relative to our ability to pay. We are in trouble now because of all the interest that has added up because of this debt. George Bush did the wrong thing when he lowered taxes. His eight years in office almost brought the country to it's knees. I does amaze me that today we are trying to do the same thing by lowering taxes even more and expecting our country to turn around.
 
We Are in Danger! ... but Not from the Debt
 The danger is from self-styled radical "conservatives" who ran up the debt during good times and want to pay if off in bad times. (Even more dangerous—a lot of Democrats are buying this too.) Of course, they all mean well. But the road to hell is still paved with good intentions. Close to 10 million Americans are out of work, and tea-party "patriots" want to cut spending—that means cutting jobs. This simply will not work and will make things worse.
 
We must cut our military budget by half. We do not need 700 military bases around the world.  Next we must raise everyones taxes to the rates under President Reagan. Next we must close all tax loop holes and make everyone pay their fair share. We must address Medicare by getting a hold on th high medical costs by regulation or going to a single payer plan. We can save 50% of our health care costs by doing this . We must take these savings and invest in programs that do create jobs building America back up and actually adding to our tax collections. TAX CUTS ARE NOT THE ANSWER. LOOK AT THE LAST 10 YEARS !!!!!

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