US Credit Rating Downgraded To AA+

[Beemnseven]

Raise taxes and watch what's left of the economy really tank.

"But Beems, the economy IS in the tank" -- If the U.S. economy is a guy about to jump out the window of a tall building, increasing taxes would be like handing him a lit stick of dynamite on his way down.

[wilsowilso]

Originally Posted by Beemnseven

Raise taxes and watch what's left of the economy really tank.

"But Beems, the economy IS in the tank" -- If the U.S. economy is a guy about to jump out the window of a tall building, increasing taxes would be like handing him a lit stick of dynamite on his way down.

Nice try.

The Bush tax cuts are a massive factor in this awful debt mess.

Get rid of that tremendously stupid tax break for the wealthy.

[12thMan]

Originally Posted by wilsowilso

Nice try.

The Bush tax cuts are a massive factor in this awful debt mess.

Get rid of that tremendously stupid tax break for the wealthy.

How anyone could still be defending the Bush tax cuts 10 years later is really beyond me.

[firstdown]

Originally Posted by 12thMan

How anyone could still be defending the Bush tax cuts 10 years later is really beyond me.

Well if you look at the number the fed income started growing faster then spending after the tax cuts then took a nose dive after the economy went to hell. The argument can be made that the tax cuts spurd spending and by increasing taxes will make thing worse. At this point I have no clue either way.