FlagDUDE08
Banned
Re: 2012 Presidential Election Part II -- Charlotte, a National Treasure or sede vaca
What proof do you have that we are currently at the left side, other than the talking points you seem to spew out? Remember that we were also in the midst of a recession in 2002, still feeling the impact from the 9/11 attack (whether or not you believe OBL did it is irrelevant, an attack itself still happened, and the USA dipped into recession). We saw a tax break there, one I'm sure you complained to holy hell about just as much as you are now, and what do you know, a couple years later, we found out that we were to the right of the curve!
Also, one thing to keep in mind: Useful spending will have an impact on the curve, but wasteful spending, such as the one-time stimuli, will not impact the curve, only make it harder to get out of debt.
As a theoretical model, nothing. But in actual application, everything. Because the only way it works the way you think it works is if we're on the wrong side of the curve. Which if we still had 90% marginal rates on top, might be a legitimate belief. With 35% marginal rates and all sorts of tax breaks to drive that down further, no reasonable person can say we're on the wrong side of the curve. This is especially true of the 15% rate for capital gains.
What proof do you have that we are currently at the left side, other than the talking points you seem to spew out? Remember that we were also in the midst of a recession in 2002, still feeling the impact from the 9/11 attack (whether or not you believe OBL did it is irrelevant, an attack itself still happened, and the USA dipped into recession). We saw a tax break there, one I'm sure you complained to holy hell about just as much as you are now, and what do you know, a couple years later, we found out that we were to the right of the curve!
Also, one thing to keep in mind: Useful spending will have an impact on the curve, but wasteful spending, such as the one-time stimuli, will not impact the curve, only make it harder to get out of debt.