Easy to understand state of our debt...

[theanalogkid]

Well here are some more facts concerning Ronald Reagan-


Since we're talking facts here.

More facts? There hasn't even been a single fact about Ronald Reagan presented here.

[sanantonio]

More facts? There hasn't even been a single fact about Ronald Reagan presented here.

So he didn't cut taxes in 1981?

[theanalogkid]

So he didn't cut taxes in 1981?

I'm talking about bring up Ronald Reagan in this topic, he hasn't been mentioned once.

[sanantonio]

I'm talking about bring up Ronald Reagan in this topic, he hasn't been mentioned once.

I was referring to the whole tax cut deficit thing, you mentioned the Coolidge administration I mentioned Reagan's.

[theanalogkid]

I was referring to the whole tax cut deficit thing, you mentioned the Coolidge administration I mentioned Reagan's.

And your point? So, there's a wrong way to do it, and a right way....that's not really news.

[sanantonio]

And your point? So, there's a wrong way to do it, and a right way....that's not really news.

By 1927 under Coolidge only the richest 2% were paying taxes some how that's been turned around present day now the rich get the tax cuts.

[theanalogkid]

By 1927 under Coolidge only the richest 2% were paying taxes some how that's been turned around present day now the rich get the tax cuts.

Considering the rich payed a 75% income tax rate before Coolidge took office I'd say they also got major tax cuts back then too.

Anyway the point of my original post was th at it is indeed possible to pay down the debt without raising taxes, since everyone seems to point to Reagan and say it can't be done.

[sanantonio]

Considering the rich payed a 75% income tax rate before Coolidge took office I'd say they also got major tax cuts back then too.

Anyway the point of my original post was th at it is indeed possible to pay down the debt without raising taxes, since everyone seems to point to Reagan and say it can't be done.

Not the way business is done today it can't be done. Is it possible? Of course it's possible. But it is so much more complex and corrupt today that corporate pretty much runs it and they don't give a phugg so long as thier pockets are gettting lined. Which by the way they are.

[Play Action]

Things that will bring the US government to a halt:

1. The continuous printing of the US dollar.
2. The fact that businesses are now (more than ever) accepting foreign currency.
3. Oil will no longer be bought with the dollar.
4. Countries are no longer accepting the US dollar.

The ride is over.

[theanalogkid]

Things that will bring the US government to a halt:

1. The continuous printing of the US dollar.
2. The fact that businesses are now (more than ever) accepting foreign currency.
3. Oil will no longer be bought with the dollar.
4. Countries are no longer accepting the US dollar.

The ride is over.

What you're saying you don't believe that miniscule inflation rate percentage number that the Fed puts out?

Your saying that the explosion in commodity prices and equities are not the result of either excessive demand or restricted supply but devaluation of the currency it's priced in?