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Old 03-21-2008, 07:04 PM   #12
tiptap tiptap is offline
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Join Date: Jan 2004
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Quote:
Originally Posted by bango View Post
Cutting taxes for the wealthy in hoping that they take the surplus and spend it so that a tax stream flows in, or they invest it hopefully. I thought that Ronny cut spending in his first term and raised it in his second mainly on defense in hopes that it would bankrupt the Soviets? I also thought that in doing so the Dems wanted to spend they okayed his spending in trade?
Tip, the speaker of the House, and Ronny agreed to the spending increase to the military ALONG with spending domestically increase. And at the same time the number of categories of income tax rate was cut. The result was a cut in taxes overall. In the first term. The national dept shot up and the percentage of spending on Defense went up and has only been duplicated during the Bush II regime. As far as bankrupting the Soviets, anyone who truly thought the Soviet Cenralized control was self defeating knew it would come. Ronnie maybe just sped it up some. And I am glad on one hand not to have the Soviet missiles. But why then do have to spend for military expenditures at a rate as if the Soviets, a nation of 150 million and technically savy, is what we are fighting. Fighting a bunch of sand bunnies shouldn't require that kind of expenditure. Additionally the investment in the Military was toward research. As oppose to presently were we throw away materials in the form of real bombs and bullets. And spend money far away from home.
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