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There were multiple variables in play. Lower taxes will

Posted on: December 20, 2017 at 19:10:19 CT
JeffB MU
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generally help boost an economy... so will pumping a lot of money into the economy via the Fed, deficit spending, a spending & borrowing spree by consumers &/or businesses etc.

A lot of those are like a drug addict going on a high... the high is temporary and needs more money pumped in, or more spending &/or more borrowing to keep the high going, though. Unfortunately, a borrowing and spending spree has to come to an end and there will be a price to pay for the excess when it happens... much like a drunk will have a hangover after the party ends.

Lower taxes, if they are fiscally responsible, can be sustainable, unlike the borrowing.

But again, the Fed is always the elephant in the room. They can single handedly blow bubbles. Unfortunately, when they push the economy beyond its limits, there will be an inevitable crash.

Unfortunately, the Fed has been blowing bubble after bubble trying to keep the crash from happening, but that is just going to make the eventual crash that much worse.

After the dot.com bubble they blew, they followed Krugman's idiotic advice and created a housing bubble to compensate when the crash hit... then after the housing bubble crash and ginormous fallout they blew an even bigger bubble... and that's where we are right now.
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Where will the lost revenue come from?? - ivan drago MU - 12/20 16:41:05
     why are we in the deficit we are already in? Answer that - TigerFan92 MU - 12/20 17:55:45
          RE: why are we in the deficit we are already in? Answer that - raskolnikov MU - 12/20 18:30:02
               The answer is we spend to much - tman KC - 12/20 18:48:07
                    Pay your debts - raskolnikov MU - 12/20 18:57:42
                         If the government is really 'We the people...', then we can - JeffB MU - 12/20 19:17:17
     dry the fvcking federal govt up and reduce it to a peach pit - 90Tiger MU - 12/20 17:36:09
          Do that and this nation collapses - raskolnikov MU - 12/20 18:31:03
          Like clean water, air and food? - catbirdseat MU - 12/20 17:38:03
               Yes, govt is the only entity capable of ensuring - 90Tiger MU - 12/20 17:45:06
                    Somolia has the same mindset. - catbirdseat MU - 12/20 17:47:03
                         lol what? (nm) - Sal KC - 12/20 17:48:27
                         Somalia is a product of failed government. Nice - 90Tiger MU - 12/20 17:47:40
                              There isn't a funtional government there and hasn't been for - catbirdseat MU - 12/20 17:53:47
                                   RE: There isn't a funtional government there and hasn't been for - ummmm MU - 12/20 18:26:57
               90IQ obviously is a checkers guy(nm) - Gyro MU - 12/20 17:39:12
          The only difference between your answer and a first grader.. - Gyro MU - 12/20 17:37:59
               So you agree, great. after Defense, next move onto the - 90Tiger MU - 12/20 17:47:08
     It comes from a 3% GDP. Forget about Obama’s anemic - Spanky KU - 12/20 17:34:02
          The Clinton economy was part of the boom cycle - JeffB MU - 12/20 17:58:17
               No..It was all about lower taxes - Spanky KU - 12/20 18:27:00
                    There were multiple variables in play. Lower taxes will - JeffB MU - 12/20 19:10:19
                    RE: No..It was all about lower taxes - sarasotatiger MU - 12/20 18:54:48
          When did 3% GDP growth come from tax cuts? - Gyro MU - 12/20 17:36:28
               See the post JFK tax cut years (1962-1966) - Spanky KU - 12/20 17:51:29
               RR had well in excess of 3%(nm) - tman KC - 12/20 17:37:39
                    RR, the creator of deficit spending... - Gyro MU - 12/20 17:38:42
                         Sure he did. Couldn't get spending cuts through the - tman KC - 12/20 17:40:20
                              Odd since he's been deemed omnipotent... - Gyro MU - 12/20 17:42:31
                                   He didn't have a pen and a blackberry like your King - tman KC - 12/20 17:44:52
                                        He didn't have to deal with near the **** that Obama did... - Gyro MU - 12/20 17:47:37
                                             Things were pretty bad when Reagan took over... - JeffB MU - 12/20 18:22:44
                                                  Mortgage rates were 16.64% in 1981... - JeffB MU - 12/20 20:08:56
                                             Thanks to Bill Clinton - Spanky KU - 12/20 17:52:45
                                             Ok. Spell out these massive differences - tman KC - 12/20 17:49:21
                                                  Ok.. - ivan drago MU - 12/20 17:54:17
                                                       they aren't comparing Trump and Obama (nm) - Sal KC - 12/20 17:56:43
                                                            oh, it’s reagan.. - ivan drago MU - 12/20 18:01:33
                                                                 Oddly Obama did more than all presidents combined - tman KC - 12/20 18:03:26
                                                            He is to dumb to figure that out(nm) - tman KC - 12/20 17:57:44
                                                                 Not dumb enough to know it’s “too”.. - ivan drago MU - 12/20 18:03:05
                                                                      You are correct. But you are still too dumb - tman KC - 12/20 18:05:44
                                                                 He's trying to find a way - Sal KC - 12/20 17:59:29
                                             man, Obama, that poor guy (nm) - Sal KC - 12/20 17:49:00
                                                  Oh it’s reagan.. - ivan drago MU - 12/20 17:59:51
     That wall is not only not necessary it will be a cost ... - Gyro MU - 12/20 17:29:03
          The wall will save billions of dollars in the long run (nm) - Fourth and Long MU - 12/20 17:39:01
               From what? We don't currently have enough labor to - catbirdseat MU - 12/20 17:41:41
               Please explain...net immigration from Mexico... - Gyro MU - 12/20 17:40:12
          And ongoing drain on resources to maintain, staff - catbirdseat MU - 12/20 17:30:04
               Not to mention, the federal government... - Gyro MU - 12/20 17:31:35
                    The fact that a soverign nation of Native American's - catbirdseat MU - 12/20 17:32:58
                         One of his worst traits... - Gyro MU - 12/20 17:34:35
          And it won't be effective - JG A - 12/20 17:29:47
               Mexico City to Vancouver is about $225 today. Ride in - catbirdseat MU - 12/20 17:31:34
               I used to live near the border...you're right(nm) - Gyro MU - 12/20 17:31:06
     Hopefully from nowhere - pickle MU - 12/20 17:24:58
     TAke from the $10 T. Obama over spent - mu7176grad MU - 12/20 17:21:15
          What the heck are you talking about?? - ivan drago MU - 12/20 17:24:47
     Cut spending on social services - El-ahrairah BAMA - 12/20 17:14:47
          What are you going to cut out of the other 99% of the budget - catbirdseat MU - 12/20 17:15:31
               1.5 trillion is a lot of money... - ivan drago MU - 12/20 17:17:27
                    Exactly - El-ahrairah BAMA - 12/20 17:18:59
                         people paid into some of those... - ivan drago MU - 12/20 17:20:35
                              lol, no i'm paying now for some older dudes benefits and - 90Tiger MU - 12/20 17:37:11
                                   OK, pay me my money - catbirdseat MU - 12/20 17:39:22
                                        go fvck yourself. I'd shut it down now and walk away from - 90Tiger MU - 12/20 17:48:31
                              No they didn’t - El-ahrairah BAMA - 12/20 17:24:26
                              Don't have wars if you aren't going to fully fund the VA - catbirdseat MU - 12/20 17:23:13
               24% is healthcare - El-ahrairah BAMA - 12/20 17:16:54
                    We are close to paying 20% of GDP for private health care in - catbirdseat MU - 12/20 17:24:45
                    I'm not against your positions though... - ivan drago MU - 12/20 17:23:03
                    Those aren't entitlements dumb ass. You can refund the - catbirdseat MU - 12/20 17:22:06
     RE: Where will the lost revenue come from?? - MOCO SON MU - 12/20 17:06:11
          Historically there is a 90+% certainty that a recession is - catbirdseat MU - 12/20 17:17:21
               RE: Historically there is a 90+% certainty that a recession is - MOCO SON MU - 12/20 17:25:39
                    THat isn't emotional at all - catbirdseat MU - 12/20 17:29:15
     If it was up to me: - Ferg STL - 12/20 17:02:32
          Only about 5% of the country has a pension. - catbirdseat MU - 12/20 17:14:34
               This tax bill helps them then. They fan take their savings - tman KC - 12/20 17:26:01
               So very 'christian' of these - mizzoumurfkc MU - 12/20 17:18:43
                    christians can’t give $ to charity - El-ahrairah BAMA - 12/20 17:20:32
                         Actually, Christians do give regardless... - mizzoumurfkc MU - 12/20 17:34:11
                              Churches need to be taxed - catbirdseat MU - 12/20 17:35:16
                         Foreign aid is $25 to $30 billion... - Gyro MU - 12/20 17:30:43
                    what should "christians" do in regards - Sal KC - 12/20 17:20:08
                         RE: what should "christians" do in regards - mizzoumurfkc MU - 12/20 17:21:09
                              This dramatic rhetoric is why many people - Sal KC - 12/20 17:22:12
          Good start (nm) - Fourth and Long MU - 12/20 17:04:02
     Start by eliminating all federal welfare programs (nm) - Fourth and Long MU - 12/20 16:57:13
          You mean Social Security and Medicare - catbirdseat MU - 12/20 17:09:14
               No. SS should be private. Even you are going to take - tman KC - 12/20 17:27:19
                    THat is fine. Where is my check? - catbirdseat MU - 12/20 17:34:31
                         Were you in support of Bush's plan - tman KC - 12/20 17:39:44
                              I want my money. The other issues are - catbirdseat MU - 12/20 17:42:47
                                   I am in favor of giving it to you. That is the difference - tman KC - 12/20 17:47:02
                                        Unless you have an actual plan to give it to me you - catbirdseat MU - 12/20 17:49:13
                                             There was a plan proposed. Do you want me to - tman KC - 12/20 17:50:31
               youre being robbed(nm) - El-ahrairah BAMA - 12/20 17:15:40
          Why not just rub a magic lamp and make some wishes - JG A - 12/20 17:04:13
     So your position is no companies are going to be hiring - Sal KC - 12/20 16:45:16
          Why would a company hire an employee, based on a - tigerdb MU - 12/20 16:56:19
               RE: Why would a company hire an employee, based on a - catbirdseat MU - 12/20 17:00:49
               somebody got their talking points (nm) - Sal KC - 12/20 16:58:00
                    They're excellent talking points... - Gyro MU - 12/20 17:32:58
          Not in the U.S. We are expensive - catbirdseat MU - 12/20 16:50:48
               So if a company announces it will hire more - Sal KC - 12/20 16:52:29
                    There are t 27.9 million small businesses, and - catbirdseat MU - 12/20 17:00:05




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