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| The reason Reagans tax cut worked is he started with 20% interest and tax top end tax rates over 50% and not that much debt. He then cut spending. bush being the dumbest SOB to ever walk. Started with a 2 trillion $ surplus. Really low interest (5% insome cases). Then cut taxes to next to nothing on the ones that pay taxes and borrowed to make up for it. This caused the DOLLAR to drop ovet 60 pts. That caused masive inflation. You know $5 gal dsl $7 corn. That sent the rest of the world into the tank. All in all bush lost 9 trillion dollars. Now think about that no human in the history of the world has ever lost 9 tillion dollars. That is 300 foot wide 20 foot deep anf 1800 feet long all $100 bills. Obama not haveing a clue where to start dosent and never did have chance. I will say bush is at least consistant everything he ever touched has gone bankrupt. | |
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Tax Hikes and the 2011 Economic Collapse
