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Old October 21st, 2015, 05:22 AM   #51
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Originally Posted by Sabcat View Post
I have asked on numerous threads...what are the goals and economic plans for the states of the socialists?

Oh, and don't lump me in w/ "all"
It's simple, progressives just want to roll back Reaganomics. Reaganomics doesn't work and is a proven scam. David Stockman (Reagan's Financial Advisor) admitted that it's a scam.

Starve the Beast aka Reaganomics was meant to increase the national debt on purpose so hating republicans can have an excuse to cut social programs.

That's it.
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Old October 21st, 2015, 08:29 AM   #52
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Quote:
Originally Posted by Fayt View Post
It's simple, progressives just want to roll back Reaganomics. Reaganomics doesn't work and is a proven scam. David Stockman (Reagan's Financial Advisor) admitted that it's a scam.

Starve the Beast aka Reaganomics was meant to increase the national debt on purpose so hating republicans can have an excuse to cut social programs.

That's it.
IMO supply side was introduced to try to level out the shitstorm the Keynesian economics created. The way it was released wasn't ment to go as long as it did. But it happened. Both schools lean heavily on the FED and unlimited money creation. That is where I see the majority of the problem.


But that's it?

So no taking over business?
No fucktarded free money for everyone?
Just get rid of supply side economic theory and nothing else?
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Old October 21st, 2015, 08:48 AM   #53
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Originally Posted by Sabcat View Post
IMO supply side was introduced to try to level out the shitstorm the Keynesian economics created. The way it was released wasn't ment to go as long as it did. But it happened. Both schools lean heavily on the FED and unlimited money creation. That is where I see the majority of the problem.


But that's it?

So no taking over business?
No fucktarded free money for everyone?
Just get rid of supply side economic theory and nothing else?
I'm not sure if I ever said this to you directly before. You have the right to your own opinion, but not your own facts. History proved that Reaganomics doesn't work period. There's no "In my opinion"

Other then that, I agree with you. Lets get rid of supply side economics.

Welcome. You're a progressive now

Last edited by Fayt; October 21st, 2015 at 09:31 AM.
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Old October 21st, 2015, 09:23 AM   #54
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Quote:
Originally Posted by Fayt View Post
I'm not sure if I ever said this to you directly before. You have the right to your own opinion, but not your own facts. History proved that Reaganomics doesn't work period. There's no "In my opinion"

Other than that, I agree with you. Lets get rid of supply side economics.

Welcome. You're a progressive now
Um. You need to read my opinion before you can claim that I don't have a right to it.

Give me any kind of label that gets ya hard it doesn't change the fact that I feel the state is poison.

Have you accepted our lord Jesus Christ into your heart as your own personal savior today?
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Old October 21st, 2015, 09:36 AM   #55
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Originally Posted by Sabcat View Post
F

Um. You need to read my opinion before you can claim that I don't have a right to it.

Give me any kind of label that gets ya hard it doesn't change the fact that I feel the state is poison.

Have you accepted our lord Jesus Christ into your heart as your own personal savior today?
Maybe you do, but I don't get "hard". Feel whatever way you want. Your conservative ideals is no match against my actual facts and history. Facts, which tends to have a liberal bias.

Keep your religion to yourself. You should had prayed to not have gotten into a debate with Fayt. Many members are smart enough not to do so.
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Old October 21st, 2015, 10:25 AM   #56
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It's simple, progressives just want to roll back Reaganomics. Reaganomics doesn't work and is a proven scam. David Stockman (Reagan's Financial Advisor) admitted that it's a scam.

Starve the Beast aka Reaganomics was meant to increase the national debt on purpose so hating republicans can have an excuse to cut social programs.

That's it.
David Stockman always has something to say negative about Reagan when he has a book coming out. Here is Stockmanís credibility:
He joined the Blackstone Group after leaving the OMB. He used his lack of economic knowledge to cause Blackstone to lose billions. He was famously known for making bad deals and arguing against investments by others who have an understanding of economics. His feelings were hurt when he was demoted for being economically incompetent so he quit.

Stockman then formed his own company, Heartland Industrial Partners, after conning investors that his economic wizardry was going to make billions. Stockman decided to work his economic wizardry with pensions. The Canada Pension Plan invested $146 million with Stockmanís economic wizardry and their $146 million was miraculously turned into $45 million for a tidy loss of $101 million.

Another of Heartland Industrial Partners investments was Collins & Aikman, and auto parts maker. Once Collins & Aikmanís losses reached Biblical proportions, Stockman made himself the CEO to bring his economic wizardry closer to the problem he had created. Stockman being the CEO had a great impact on Collins & Aikman as it nosedived immediately into bankruptcy. Stockmanís economic wizardry was repaid with his being indicted for bamboozling the investors and he had to pay a $7 million fine as well.

Stockman does have a thirty year portfolio of losing investorsí money using his economic wizardry, and you want to throw his name around for credibility.

Your "Starving the Beast" conspiracy theory has been shot down several times here in the past and there is no correlation or causation between this phantom scam you keep bringing up, so why parade it around again?

I do not recall Adam Smith being mentioned regarding "Starve the Beast" in The Wealth of Nations. Since he was a supply-side, which is Classical Economics, you should probably revisit your timeline of supply-side economics. I also don't remember many people referring to Smith as a "scam artist." The economic data also refutes your Starve the BeastĒ scam:

From 1940 to 1959 the debt as percentage of GDP was 68%. From 1930-1980, the debt as a percentage of GDP was 53.4%. From 1981-1989 under Reagan, the debt as a percentage of GDP was 43%. It seems as if Reagan starved the debt rather than then beast compared to the preceding fifty years. Why did Clinton have a debt as a percentage of GDP of 62%? Is Obama starving the beast with a debt as a percentage of GDP of 98%? I really want to know who is starving who.
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Old October 21st, 2015, 11:29 AM   #57
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Reagan increased that debt again due to his implementation of Starve the Beast and Bush continued it.


"Starving the beast" is a political strategy employed by American conservatives in order to limit government spending by cutting taxes in order to deprive the government of revenue in a deliberate effort to force the federal government to reduce spending....

The term "the beast" in this context refers to the American government and the programs it funds, particularly social programs such as welfare, Social Security, and Medicare; and does not usually refer to spending on military, law enforcement or prisons.


Reagan's acknowledgement of the strategy before implementation

Before his election as President, then-candidate Ronald Reagan foreshadowed the strategy during the 1980 US Presidential debates, saying
"John Anderson tells us that first we've got to reduce spending before we can reduce taxes. Well, if you've got a kid that's extravagant, you can lecture him all you want to about his extravagance. Or you can cut his allowance and achieve the same end much quicker."


Bush's continuation and implementation of the strategy.


The tax cuts and deficit spending of former US President George W. Bush's administration were attempts to "starve the beast." Bush said in 2001
"so we have the tax relief plan [...] that now provides a new kind—a fiscal straightjacket [sic] for Congress. And that's good for the taxpayers, and it's incredibly positive news if you're worried about a federal government that has been growing at a dramatic pace over the past eight years and it has been."
Starve the beast - Wikipedia, the free encyclopedia[/QUOTE]


Former Reagan budget director Daived Stockman 'The GOP Destroyed U.S. Economy' and Democrates who thinked like them.

David Stockman says (at the Wall St. Journal owned Marketwatch), "

"If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The nation's public debt ... will soon reach $18 trillion." It screams "out for austerity and sacrifice." But instead, the GOP insists "that the nation's wealthiest taxpayers be spared even a three-percentage-point rate increase."

In the past 40 years Republican ideology has gone from solid principles to hype and slogans. Stockman says: "Republicans used to believe that prosperity depended upon the regular balancing of accounts -- in government, in international trade, on the ledgers of central banks and in the financial affairs of private households and businesses too."

No more. Today there's a "new catechism" that's "little more than money printing and deficit finance, vulgar Keynesianism robed in the ideological vestments of the prosperous classes" making a mockery of GOP ideals. Worse, it has resulted in "serial financial bubbles and Wall Street depredations that have crippled our economy." Yes, GOP ideals backfired, crippling our economy.

Stockman's indictment warns that the Republican party's "new policy doctrines have caused four great deformations of the national economy, and modern Republicans have turned a blind eye to each one:"
http://www.marketwatch.com/story/reagan-insider-gop-destroyed-us-economy-2010-08-10
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Old October 21st, 2015, 11:40 AM   #58
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Maybe you do, but I don't get "hard". Feel whatever way you want. Your conservative ideals is no match against my actual facts and history. Facts, which tends to have a liberal bias.

Keep your religion to yourself. You should had prayed to not have gotten into a debate with Fayt. Many members are smart enough not to do so.
This is barely a conversation much less a debate. You never even addressed my previous statement.

If all the socialists want to do is get rid of supply side economics. Good we can help. We want that too.

More from the ray comfort playbook.

Last edited by Sabcat; October 21st, 2015 at 11:42 AM.
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Old October 21st, 2015, 11:59 AM   #59
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This is barely a conversation much less a debate. You never even addressed my previous statement.

If all the socialists want to do is get rid of supply side economics. Good we can help. We want that too.

More from the ray comfort playbook.
The argument is over. I advocate for getting rid of Voodoo Economics. You have no argument so that's it. Join the democratic party.
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Old October 21st, 2015, 12:02 PM   #60
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Don't worry about Jimmy. I'm going to be wiping the floor with him for a while. Oops, I promised not to use wiki. Doesn't matter I can back it up. I have many safety nets.
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