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<blockquote data-quote="804brown" data-source="post: 931719" data-attributes="member: 29553"><p>It took 200 yrs to accumulate about $1 trillion in debt. From 1980 til today we have accumulated another $14 trillion!! That is because both parties bought into supplyside economics of cutting taxes and thinking the deficit would go down. Both parties believed in the tooth fairy. It doesnt work. How long do we have to keep doing the same thing over and over (Yes obama bought into it too by agreeing to extend bush's tax cuts). We have plenty of supply and profits BUT NO DEMAND!! Cutting another tax is not going to create any jobs. The corporations are already sitting on trillions (supply). It is that it is not "trickling" down. Never does. I have no problem with saying that if they do not use that money and hire people, then it should be taken whether it be higher taxation or appropriation directly by the people!!</p></blockquote><p></p>
[QUOTE="804brown, post: 931719, member: 29553"] It took 200 yrs to accumulate about $1 trillion in debt. From 1980 til today we have accumulated another $14 trillion!! That is because both parties bought into supplyside economics of cutting taxes and thinking the deficit would go down. Both parties believed in the tooth fairy. It doesnt work. How long do we have to keep doing the same thing over and over (Yes obama bought into it too by agreeing to extend bush's tax cuts). We have plenty of supply and profits BUT NO DEMAND!! Cutting another tax is not going to create any jobs. The corporations are already sitting on trillions (supply). It is that it is not "trickling" down. Never does. I have no problem with saying that if they do not use that money and hire people, then it should be taken whether it be higher taxation or appropriation directly by the people!! [/QUOTE]
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