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Originally posted by Tyrone Slothrop
The way that you can tell that Spanky is a Modern Republican is that he posts about the economic effects of tax cuts while completely ignoring the notion that the government has to pay for its spending somehow, and the associated economic effects.
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You really don't understand at all what I am saying, because you don't understand basic economic theory. If tax cuts spur more growth than would have occurred without them eventually they will pay for themselves. But all economists agree that at a certain level tax cuts will not pay for themselves and therefore need to be accompanied by appropriate spending cuts, and if you can't have the spending cuts then the tax cuts would be unwise. The argument is where is the level. Although some economists argue that tax cuts that are not accompanied by spending cuts are always unwise.
Quote:
Originally posted by Tyrone Slothrop
From what Spanky has posted above, he obviously supports continuing to cut taxes until the government collects none.
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Well you have pretty much given up all pretense to having a rational argument. Now you are just making up claims and assinging them to me. You don't understand Supply Sider theory. No economist I have ever heard of has ever proposed this, and I certainly have not. A Supplier Sider would not propose this.
Quote:
Originally posted by Tyrone Slothrop
As a matter of electoral politics, this is wonderful stuff -- it's how you buy votes from rich people. As a matter of public policy, it's insane.
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Look if you don't understand the subject, just admit it instead of lashing out with irrational accusations.
