Stupid Cuck.
Didn't Conservatives staple teabags to their faces because of this very thing?
- Thread starter LV426
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Stupid Cuck.
But the Pell Grant would not be substantially more without the tax cut. Grants were not reduced and increased tuition does not mean the public rather than the student should have to pay more.
The tax cut reduced revenues, which caused deficits, which were used as an excuse to not increase Pell Grant funding, even though tuition increases every year regardless of a tax cut.
So people had to borrow more to cover the increasing tuition costs, and that's one reason why household debt skyrocketed during the Bush the Dumber years.
The main reason is health care.
When Medicaid is expanded, health care bankruptcies decline. So that means people are using Medicaid for health care instead of borrowing against the equity in their homes to pay for it.
Flash, the public doesn't pay tuition costs, the student does. Tuition cost rises because of revenue reductions. Kansas is a perfect example; Brownback cut taxes in 2012 and the predictable results were massive budget deficits. To close those deficits, the state of Kansas cut funding to the State University, which meant the Board of Regents had to raise tuition. They wouldn't have had to raise tuition if their funding wasn't cut, and their funding wouldn't have been cut if revenue wasn't reduced, and revenue was reduced because taxes were cut.
Callinectes
Proud MAGA Semi-Facist
The public debt in 1993 stood at about 4.5 trillion dollars. Its at about 23 trillion today. Almost every jackass that's running for president in 2020 wants to instate "medicare for all", then there's "free collage", hell, now they're talking about fucking reparations and I'm not even including that absurd green new deal thing. How about you provide some details on just what you would do to cover the spending for all these millennial bribes you want to hand out?(i.e. who are you gonna tax the shit out of because all that crap is expected to cost each man, woman and child in the country $65,000 a year)When does this shit become unmanageable to you? Oh, that "largest economic expansion in a generation" that you like to blabber on about? Tech bubble! When that burst, Bush got a housing bubble, and how did that work out for him?
So then why did you erase the surpluses and create 4 record budget deficits (including the largest ever) with the Bush Tax Cuts that doubled the debt from 2001-2009?
Why? Why did you do that?
How about instead of going after that, you answer for the fact that the shitty Russia Tax Cut you support has not delivered on a single promise made of it?
Not one.
Economic growth was below 3%, and below 2015's growth when we didn't have a tax cut
Job growth was the slowest pace since 2017, which was the slowest pace since 2011
The deficit grew 25%
$2.5T has been added to the debt since Trump took office
Largest Trade Deficit EVER.
Largest monthly federal deficit EVER.
The market has been flat for 15 months.
So on what grounds do you have the credibility to screech about Democrats' proposals, anyway?
Simple; raise taxes on the wealthy. That's all it takes. You cut their taxes, remember? And nothing you predicted from that tax cut came to pass.
No, it won't cost that much. You're just buying into the same bullshit that your poor judgment led you to for other things, like the Russia Tax Cut you support that didn't deliver on a single promise made of it.
You're the ones who said incomes would rise by at least $4,000 because of the tax cut.
They didn't.
So you were wrong about that prediction, so why would you be right about this one?
Just because you're a small thinker does't mean everyone else shares your level of laziness and simplicity. Most people can wrap their heads around complex, broad things, but you cannot. Why is that?
You are the exception here...the one who has been wrong about every single political decision and choice you've made your entire adult life.
Don't you think it's strange that you continually find yourself on the wrong side of history?
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The tech bubble was caused by tax cuts, specifically Capital Gains Tax Cuts.
But the economy was expanding before the dotcom bubble. And when the dotcom bubble burst in 2000, we still didn't enter into a recession. It wasn't until more than two months after Bush was inaugurated that the economy entered a recession, and it was so light a recession that GDP for 2001 was still positive. Even with 9/11, the Clinton economy Bush was handed was still humming along. You're the ones who fucked everything up and created a housing bubble to cover for the failure of your tax cuts to deliver on any of the promises made of them (sensing a theme? Promises you make that are never fulfilled).
Conservatives love to magnify the dotcom bubble burst, but the reality is that it was so inconsequential that GDP and the market both grew net overall in 2001....with a recession and 9/11.
The reason Bush's economy sucked is because Conservative economics suck and always fail. ALWAYS. Every single Conservative President in the last 40 years has left behind an economy in tatters and record deficits, so government cannot mitigate the economy effectively because you plunged us into deep levels of debt and then refuse to do anything to clean up after yourself.
What a fraud. The entire Conservative movement is just a grift that you fell for because you're not half as clever or intuitive as you like to pretend.