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halogamer1989 on 05 February 2009
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akuma587 said:
mrstickball said:
akuma587 said:
Cutting taxes isn't that effective as a stimulus compared to other options. The multiplier effect of how many times those dollars will be re-spent is much lower than if the government spends that money on something. If you cut taxes in times like these, people often save the money or just pay down their debt, which is not the kind of thing that stimulates the economy. Some people think tax cuts are like voodoo magic and can do anything. I've never really understood why.

Could it be that people saving some of that tax cut money would have been a good thing right about now? After all, the reason so many defaulted is they didn't have the money.

Given the massive amount of average debt each US citizen is in, we don't need to artificially grow jobs, we need to allow people to invest their own money in getting out of debt. Eventually, the money would go back into the 'system'.

It's funny, you argue that cutting taxes isn't a good stimulus, yet you can look at Ireland's choice to reduce their corporate taxes to one of the lowest levels in the developed world as being a critical factor in it's prosperity. Many other Eastern European countries are following suit to follow the same model.

Changing consumer culture is not the government's job.  Not to mention you are thinking way too highly of the American people if you think they will magically change their ways if you just throw money at them.   And if you are just concerned with cutting down debt, shouldn't the government just hold onto the money?

The last thing we need is more tax cuts. Our government is running deeper and deeper into the red.  Sure, everybody likes tax cuts, but what about when you need to raise taxes?  That's not exactly something everybody wants to get behind. 

Supply side economics has run its course, and it ran things pretty poorly while it was in the driver's seat.  As soon as Reagan entered offices, deficits started to soar like nobody's business.  It took a Democrat to run a surplus.  Our corporations in the financial sector just single-handedly ran our economy into the ground.  Why should we be running to cut corporate tax rates again?  I guess if you want to give executives even higher bonuses that is a good strategy.

You know what the funniest thing is.  That people making over $200,000 voted more for Obama than they did for McCain!  And he ran on a campaign of raising their taxes!  Are you suggesting that we should give the rich something they didn't vote for?  That's anti-democratic!  I won't stand for it!

We ran a deficit to increase military spending to choke the USSR out of their capable military budget.  It ended the Cold War.  The US should focus on getting rid of nonessential Chicken-soup programs.