Onnidan Fan Forum

Discussion => Politics => Topic started by: EB on August 02, 2012, 04:17:00 PM

Title: The Failure of Supply-Side Economics
Post by: EB on August 02, 2012, 04:17:00 PM
The Failure of Supply-Side Economics (http://www.americanprogress.org/issues/2012/08/failure_supply_side_econ.html)
Three Decades of Empirical Economic Data Shows That Supply-Side Economics Doesn’t Work

.....

Adherents of the economic theory known as supply-side economics contend that by cutting taxes on the rich we will unleash an avalanche of new investment that will spur economic growth, and boost job creation, leading to economic improvements for everyone. For most of the past 30 years this idea has dominated the economic debate, resulting in two sustained eras of tax cuts aimed at the wealthy, separated by a brief respite in the 1990s.

Now, as our economy struggles to emerge from the deepest recession in generations—and as we argue over what to do with the expiring Bush-era tax cuts—it is more important than ever to understand one simple fact: When put to the test in the real world, supply-side policies did not deliver as promised. In fact, by every important measure, our nation’s economic performance after the tax increases of 1993 significantly outpaced that of the periods following the tax cuts of the early 1980s and the early 2000s.

Supply-side economics starts from the generally accepted economic insight that tax policy can influence private-sector decisions by changing the incentives to work and invest. But supply-side acolytes take this relatively mundane observation to an extreme conclusion. They argue that lowering taxes for people, especially for those who have a lot of money to invest, will always lead to better economic results, and furthermore, that lower taxes is the single most critical intervention the government can undertake to stimulate growth.

This assertion—that lower taxes for the rich will lead to improved economic results—is testable. Of course, pure natural experiments in economics are few and far between, but over the last 30 years the United States alternated between economic policies that were heavily influenced by supply-side ideas, then were not, then were again. This variation allows us to compare economic performance in the various eras. If proponents of supply-side theory are correct, then the supply-side eras should outperform the non-supply side era. But that’s not what happened.

In 1981, President Ronald Reagan signed a large tax cut package into law, which lowered the top income tax rate by 20 percentage points and cut taxes for the rich and for corporations. The next several years saw numerous additional tax legislations passed, much of which represented retreats from supply-side ideology. Nevertheless, this supply-side era continued into the 1990s. In 1993, President Bill Clinton signed a major tax increase into law. That legislation raised the top marginal income tax rate paid by the wealthy, and also extended Medicare taxes to higher income individuals. And despite the capital gains tax cut of 1997, the 1990s represented an eight-year respite from supply-side policies.

.....
Title: Re: The Failure of Supply-Side Economics
Post by: uchighlander on August 02, 2012, 04:28:11 PM
I did pretty well during those times....a lot better than I'm doing now under Obama's " where's my free sh*t economics". His economic polices have fewer and fewer people pulling an already overloaded wagon. GO VIKINGS!!!
Title: Re: The Failure of Supply-Side Economics
Post by: Ken on August 02, 2012, 04:51:48 PM
What happened they reduced your salary and working hours on  your job??--
Title: Re: The Failure of Supply-Side Economics
Post by: uchighlander on August 02, 2012, 05:49:43 PM
What happened they reduced your salary and working hours on  your job??--
Nope.....still working 40 plus.....I get cost of living raises....but I haven't recieved a bounus in 4 years. Hey....I consider myself one of the lucky ones....my job is a niche job that not many people can do. GO VIKINGS!!!
Title: Re: The Failure of Supply-Side Economics
Post by: iceman4221 on August 02, 2012, 07:44:42 PM
What happened they reduced your salary and working hours on  your job??--
Nope.....still working 40 plus.....I get cost of living raises....but I haven't recieved a bounus in 4 years. Hey....I consider myself one of the lucky ones....my job is a niche job that not many people can do. GO VIKINGS!!!

It's nice being a white male, doing accounting in California isn't it??? 

Especially with the security of a municipal job...  2012 minus 4 years is 2008, I hope you are not blaming the current administration for the problems that you and others are experiencing, this started under your beloved President George W Bush he had 8 years to mess things up for everyday JOES... 

It's gonna take about 8 years to repair this chit he has left behind - duh, with the tea party controlling the house it may take longer, since there are in the "don't do anything until after the November 2012 Presidential Election...   

I sense that chit is gonna back fire on their ignorant arses, LOL!!!       
Title: Re: The Failure of Supply-Side Economics
Post by: Cats4ever on August 02, 2012, 09:16:10 PM
Quote
In 1981, President Ronald Reagan signed a large tax cut package into law, which lowered the top income tax rate by 20 percentage points and cut taxes for the rich and for corporations. The next several years saw numerous additional tax legislations passed, much of which represented retreats from supply-side ideology.
:o :tiptoe:

You’ve been hoodwinked, bamboozled, mislead, lead astray, deceived, conned, tricked, duped, fooled, deluded, taken in, swindled, double-crossed, defrauded, ripped off, betrayed, misinformed, cheated, lied to, hoaxed, baffled, perplexed, confused, mystified, puzzled, but you do not hear me.
Title: Re: The Failure of Supply-Side Economics
Post by: uchighlander on August 03, 2012, 10:12:56 AM
What happened they reduced your salary and working hours on  your job??--
Nope.....still working 40 plus.....I get cost of living raises....but I haven't recieved a bounus in 4 years. Hey....I consider myself one of the lucky ones....my job is a niche job that not many people can do. GO VIKINGS!!!

It's nice being a white male, doing accounting in California isn't it??? 

Especially with the security of a municipal job...  2012 minus 4 years is 2008, I hope you are not blaming the current administration for the problems that you and others are experiencing, this started under your beloved President George W Bush he had 8 years to mess things up for everyday JOES... 

It's gonna take about 8 years to repair this chit he has left behind - duh, with the tea party controlling the house it may take longer, since there are in the "don't do anything until after the November 2012 Presidential Election...   

I sense that chit is gonna back fire on their ignorant arses, LOL!!!       
Accounting??? Where did you get that idea? That's hardly a niche job.....and I work for a private company....family owned.....not a municipality. GO VIKINGS!!!
Title: Re: The Failure of Supply-Side Economics
Post by: oldsport on August 03, 2012, 10:45:07 AM
What happened they reduced your salary and working hours on  your job??--
Nope.....still working 40 plus.....I get cost of living raises....but I haven't recieved a bounus in 4 years. Hey....I consider myself one of the lucky ones....my job is a niche job that not many people can do. GO VIKINGS!!!

It's nice being a white male, doing accounting in California isn't it??? 

Especially with the security of a municipal job...  2012 minus 4 years is 2008, I hope you are not blaming the current administration for the problems that you and others are experiencing, this started under your beloved President George W Bush he had 8 years to mess things up for everyday JOES... 

It's gonna take about 8 years to repair this chit he has left behind - duh, with the tea party controlling the house it may take longer, since there are in the "don't do anything until after the November 2012 Presidential Election...   

I sense that chit is gonna back fire on their ignorant arses, LOL!!!       
Accounting??? Where did you get that idea? That's hardly a niche job.....and I work for a private company....family owned.....not a municipality. GO VIKINGS!!!

 :clap: :clap: :clap: :clap: :clap: :clap: :clap: :clap: :clap: :clap:

u, these K----s have really been brainwashed. This is the kind of BS they believe. What we do know is whatever form capitalism appeared it created more wealth than all the socialist/communist theories and experiments known to man.

Listen you IDIOTS AND GET A EDUCATION....

http://www.youtube.com/watch?v=FOMI0ORGH44

http://www.youtube.com/watch?v=Wi-D24oCa10&feature=related

http://www.youtube.com/watch?v=MRpEV2tmYz4&feature=related
 to man.
Title: Re: The Failure of Supply-Side Economics
Post by: Bison66 on August 05, 2012, 06:39:12 PM
OS post ^ ^ ^ is hilariously sad on a number of levels.

First off, he is using his "massa, we sick" voice talking to a white man about "these K-----s."  Still trying to ingratiate himself to some anonymous dude on the Internet 'cause he's white and hoping that he'll get enough "brown nose" points from highlander so he can be considered an "exception."

Secondly, he makes the highly questionable claim that "whatever form capitalism appeared it created more wealth."  Yes, using genocide to eliminate native peoples and steal their land by force and deceit while forcing free labor for hundreds of years does tend to be profitable no matter how immoral, sinful and against God's word it might be. 

So wealth was created for whom?
  Yep, wealth was created by and for the slavers, the robber baron's, the sweatshop owners and those who sold out their moral beliefs to get their little slice of the blood-stained loot.

But those who died in the Middle Passage and in the Americas, Africa and Asia so that others could be wealthy were not even mentioned in the will.

So, OS is deluded (What's new?) and thinking that he is included in those who amassed wealth.

And of course his belief in white so-called supremacy and African/Black inferiority make him believe that it was all justified 'cause - no matter that millions of Black & Indigenous folks, including children, were harmed or killed - as long as wealthy capitalists shared a few crumbs with the merchant class and others, it's perfectly fine.

Pi-ti-ful!
O0

Title: Re: The Failure of Supply-Side Economics
Post by: soflorattler on August 05, 2012, 07:25:33 PM
What happened they reduced your salary and working hours on  your job??--
Nope.....still working 40 plus.....I get cost of living raises....but I haven't recieved a bounus in 4 years. Hey....I consider myself one of the lucky ones....my job is a niche job that not many people can do. GO VIKINGS!!!

It's nice being a white male, doing accounting in California isn't it??? 

Especially with the security of a municipal job...  2012 minus 4 years is 2008, I hope you are not blaming the current administration for the problems that you and others are experiencing, this started under your beloved President George W Bush he had 8 years to mess things up for everyday JOES... 

It's gonna take about 8 years to repair this chit he has left behind - duh, with the tea party controlling the house it may take longer, since there are in the "don't do anything until after the November 2012 Presidential Election...   

I sense that chit is gonna back fire on their ignorant arses, LOL!!!       
Accounting??? Where did you get that idea? That's hardly a niche job.....and I work for a private company....family owned.....not a municipality. GO VIKINGS!!!

An engineering company that depend on gov't contracts....
Title: Re: The Failure of Supply-Side Economics
Post by: soflorattler on August 06, 2012, 08:25:55 AM
(https://sphotos-b.xx.fbcdn.net/hphotos-ash4/487804_508666849150868_268284869_n.jpg)
Title: Re: The Failure of Supply-Side Economics
Post by: uchighlander on August 06, 2012, 11:08:16 AM
OS post ^ ^ ^ is hilariously sad on a number of levels.

First off, he is using his "massa, we sick" voice talking to a white man about "these K-----s."  Still trying to ingratiate himself to some anonymous dude on the Internet 'cause he's white and hoping that he'll get enough "brown nose" points from highlander so he can be considered an "exception."

Secondly, he makes the highly questionable claim that "whatever form capitalism appeared it created more wealth."  Yes, using genocide to eliminate native peoples and steal their land by force and deceit while forcing free labor for hundreds of years does tend to be profitable no matter how immoral, sinful and against God's word it might be. 

So wealth was created for whom?
  Yep, wealth was created by and for the slavers, the robber baron's, the sweatshop owners and those who sold out their moral beliefs to get their little slice of the blood-stained loot.

But those who died in the Middle Passage and in the Americas, Africa and Asia so that others could be wealthy were not even mentioned in the will.

So, OS is deluded (What's new?) and thinking that he is included in those who amassed wealth.

And of course his belief in white so-called supremacy and African/Black inferiority make him believe that it was all justified 'cause - no matter that millions of Black & Indigenous folks, including children, were harmed or killed - as long as wealthy capitalists shared a few crumbs with the merchant class and others, it's perfectly fine.

Pi-ti-ful!
O0


OS doesn't have to ingratiate himself to me or anyone else Bison. It's really amazing to me....with all the highly educated people on this board......when the liberals on this board disagree with someone it always reverts to name calling and derisive comments about peoples character and beliefs. I know...it comes from the coservative side too so don't go all postal on me. GO VIKINGS!!!
Title: Re: The Failure of Supply-Side Economics
Post by: uchighlander on August 06, 2012, 11:10:53 AM
What happened they reduced your salary and working hours on  your job??--
Nope.....still working 40 plus.....I get cost of living raises....but I haven't recieved a bounus in 4 years. Hey....I consider myself one of the lucky ones....my job is a niche job that not many people can do. GO VIKINGS!!!

It's nice being a white male, doing accounting in California isn't it??? 

Especially with the security of a municipal job...  2012 minus 4 years is 2008, I hope you are not blaming the current administration for the problems that you and others are experiencing, this started under your beloved President George W Bush he had 8 years to mess things up for everyday JOES... 

It's gonna take about 8 years to repair this chit he has left behind - duh, with the tea party controlling the house it may take longer, since there are in the "don't do anything until after the November 2012 Presidential Election...   

I sense that chit is gonna back fire on their ignorant arses, LOL!!!       
Accounting??? Where did you get that idea? That's hardly a niche job.....and I work for a private company....family owned.....not a municipality. GO VIKINGS!!!

An engineering company that depend on gov't contracts....
Actually you are wrong....we try to stay away from government contracts....to many hoops to jump through. GO VIKINGS!!!
Title: Re: The Failure of Supply-Side Economics
Post by: soflorattler on August 06, 2012, 11:39:29 AM
What happened they reduced your salary and working hours on  your job??--
Nope.....still working 40 plus.....I get cost of living raises....but I haven't recieved a bounus in 4 years. Hey....I consider myself one of the lucky ones....my job is a niche job that not many people can do. GO VIKINGS!!!

It's nice being a white male, doing accounting in California isn't it??? 

Especially with the security of a municipal job...  2012 minus 4 years is 2008, I hope you are not blaming the current administration for the problems that you and others are experiencing, this started under your beloved President George W Bush he had 8 years to mess things up for everyday JOES... 

It's gonna take about 8 years to repair this chit he has left behind - duh, with the tea party controlling the house it may take longer, since there are in the "don't do anything until after the November 2012 Presidential Election...   

I sense that chit is gonna back fire on their ignorant arses, LOL!!!       
Accounting??? Where did you get that idea? That's hardly a niche job.....and I work for a private company....family owned.....not a municipality. GO VIKINGS!!!

An engineering company that depend on gov't contracts....
Actually you are wrong....we try to stay away from government contracts....to many hoops to jump through. GO VIKINGS!!!

You're telling us that your firm has never gotten any government contracts?
Title: Re: The Failure of Supply-Side Economics
Post by: EB on August 06, 2012, 01:38:07 PM
Turning College Students into a Commodity (http://www.nationofchange.org/turning-college-students-commodity-1344266531)

Jim Hightower
Otherwords / Op-Ed
Published: Monday 6 August 2012
“Free-market purists want us to have another ungodly religious encounter with their omnipotent deity.”

Let's take a trip deep into the magic kingdom of "Laissez Fairyland" and prostrate ourselves before the infallible and inscrutable force known as the free market.

While this awesome deity cannot be seen, the high priests of free-market fundamentalism insist that we mere mortals must simply have faith that its mysterious workings are always in our best interest. Yeah, sure, your holiness. We saw how well that worked out for us wandering pilgrims after you true believers deregulated Wall Street, which then crashed on our streets.

Well, get ready. Free-market purists want us to have another ungodly religious encounter with their omnipotent deity. Looking at America's trillion-dollar student debt crisis, these spiritualists had a burning-bush revelation.

.....
Title: Re: The Failure of Supply-Side Economics
Post by: Strike79 on August 06, 2012, 03:39:45 PM
OS post ^ ^ ^ is hilariously sad on a number of levels.

First off, he is using his "massa, we sick" voice talking to a white man about "these K-----s."  Still trying to ingratiate himself to some anonymous dude on the Internet 'cause he's white and hoping that he'll get enough "brown nose" points from highlander so he can be considered an "exception."
...
:no:..............my dear Brutha Bison,

Initially I was going to lead off this response with THIS icon ( :lol:), but you have so accurately labeled our resident "Stepin' Fetchit" that his statements on this board are certainly more sad than humorous. 

When he resorts to that "cooning" act, its difficult to take seriously anything else he says. And that assumes, of course, that what he says can EVER be taken seriously.  ::)

God bless him.  :(
Title: Re: The Failure of Supply-Side Economics
Post by: uchighlander on August 06, 2012, 03:48:00 PM
What happened they reduced your salary and working hours on  your job??--
Nope.....still working 40 plus.....I get cost of living raises....but I haven't recieved a bounus in 4 years. Hey....I consider myself one of the lucky ones....my job is a niche job that not many people can do. GO VIKINGS!!!

It's nice being a white male, doing accounting in California isn't it??? 

Especially with the security of a municipal job...  2012 minus 4 years is 2008, I hope you are not blaming the current administration for the problems that you and others are experiencing, this started under your beloved President George W Bush he had 8 years to mess things up for everyday JOES... 

It's gonna take about 8 years to repair this chit he has left behind - duh, with the tea party controlling the house it may take longer, since there are in the "don't do anything until after the November 2012 Presidential Election...   

I sense that chit is gonna back fire on their ignorant arses, LOL!!!       
Accounting??? Where did you get that idea? That's hardly a niche job.....and I work for a private company....family owned.....not a municipality. GO VIKINGS!!!

An engineering company that depend on gov't contracts....
Actually you are wrong....we try to stay away from government contracts....to many hoops to jump through. GO VIKINGS!!!

You're telling us that your firm has never gotten any government contracts?
Well....we've been in business since 1945 so we may have but I've only worked here since 1978.....so my answer is...not in my memory. GO VIKINGS!!!
Title: Re: The Failure of Supply-Side Economics
Post by: MisterIkester on August 06, 2012, 06:30:09 PM
OS doesn't have to ingratiate himself to me or anyone else Bison.
[/quote]

Sir, you're right; he doesn't have to ingratiate himself to anybody. He does so on a daily basis, but he doesn't have to.

What else do you expect from a guy who places the white vote on a pedestal, but once claimed to be a member of a task force in which one of its goals is to suppress the black vote?
Title: Re: The Failure of Supply-Side Economics
Post by: soflorattler on August 06, 2012, 07:04:17 PM
What happened they reduced your salary and working hours on  your job??--
Nope.....still working 40 plus.....I get cost of living raises....but I haven't recieved a bounus in 4 years. Hey....I consider myself one of the lucky ones....my job is a niche job that not many people can do. GO VIKINGS!!!

It's nice being a white male, doing accounting in California isn't it??? 

Especially with the security of a municipal job...  2012 minus 4 years is 2008, I hope you are not blaming the current administration for the problems that you and others are experiencing, this started under your beloved President George W Bush he had 8 years to mess things up for everyday JOES... 

It's gonna take about 8 years to repair this chit he has left behind - duh, with the tea party controlling the house it may take longer, since there are in the "don't do anything until after the November 2012 Presidential Election...   

I sense that chit is gonna back fire on their ignorant arses, LOL!!!       
Accounting??? Where did you get that idea? That's hardly a niche job.....and I work for a private company....family owned.....not a municipality. GO VIKINGS!!!

An engineering company that depend on gov't contracts....
Actually you are wrong....we try to stay away from government contracts....to many hoops to jump through. GO VIKINGS!!!

You're telling us that your firm has never gotten any government contracts?
Well....we've been in business since 1945 so we may have but I've only worked here since 1978.....so my answer is...not in my memory. GO VIKINGS!!!

Really? Isn't the Riverside Public Financing Authority a government agency? ???

Isn't Riverside County administration a government agency? ???

The Redevelopment Agency of the City of Chino? ???

Weren't those contract written in the last decade? ???

 :nono2: Keep trying me...
Title: Re: The Failure of Supply-Side Economics
Post by: Bison66 on August 06, 2012, 07:09:05 PM
OS post ^ ^ ^ is hilariously sad on a number of levels.

First off, he is using his "massa, we sick" voice talking to a white man about "these K-----s."  Still trying to ingratiate himself to some anonymous dude on the Internet 'cause he's white and hoping that he'll get enough "brown nose" points from highlander so he can be considered an "exception."

Secondly, he makes the highly questionable claim that "whatever form capitalism appeared it created more wealth."  Yes, using genocide to eliminate native peoples and steal their land by force and deceit while forcing free labor for hundreds of years does tend to be profitable no matter how immoral, sinful and against God's word it might be. 

So wealth was created for whom?
  Yep, wealth was created by and for the slavers, the robber baron's, the sweatshop owners and those who sold out their moral beliefs to get their little slice of the blood-stained loot.

But those who died in the Middle Passage and in the Americas, Africa and Asia so that others could be wealthy were not even mentioned in the will.

So, OS is deluded (What's new?) and thinking that he is included in those who amassed wealth.

And of course his belief in white so-called supremacy and African/Black inferiority make him believe that it was all justified 'cause - no matter that millions of Black & Indigenous folks, including children, were harmed or killed - as long as wealthy capitalists shared a few crumbs with the merchant class and others, it's perfectly fine.

Pi-ti-ful!
O0


OS doesn't have to ingratiate himself to me or anyone else Bison. It's really amazing to me....with all the highly educated people on this board......when the liberals on this board disagree with someone it always reverts to name calling and derisive comments about peoples character and beliefs. I know...it comes from the coservative side too so don't go all postal on me. GO VIKINGS!!!

highlander, you are quite right.  He "doesn't have to" in any kind of rational way.  But his deep-seated feelings of inferiority are not rational and so some of his behavior IS irrational.

Postal, no.  But there is NOT an equivalency as you imply.  OS, for example, BEGINS his threads with insults.  Once when y04 attempted to make a similar point as yours, I provided the evidence that what he said and what you imply is not true.

Speaking for myself, and as I have said before, I don't believe in unilateral disarmament, so you can count on me to respond to name-calling in not such a gentlemanly way.  So, if that is an equivalency, we'll have to agree to disagree.

I prefer and seek out intelligent exchange, but I find that most of the Conservatives here are not prepared for it.
O0
Title: Re: The Failure of Supply-Side Economics
Post by: uchighlander on August 07, 2012, 10:17:59 AM
What happened they reduced your salary and working hours on  your job??--
Nope.....still working 40 plus.....I get cost of living raises....but I haven't recieved a bounus in 4 years. Hey....I consider myself one of the lucky ones....my job is a niche job that not many people can do. GO VIKINGS!!!

It's nice being a white male, doing accounting in California isn't it??? 

Especially with the security of a municipal job...  2012 minus 4 years is 2008, I hope you are not blaming the current administration for the problems that you and others are experiencing, this started under your beloved President George W Bush he had 8 years to mess things up for everyday JOES... 

It's gonna take about 8 years to repair this chit he has left behind - duh, with the tea party controlling the house it may take longer, since there are in the "don't do anything until after the November 2012 Presidential Election...   

I sense that chit is gonna back fire on their ignorant arses, LOL!!!       
Accounting??? Where did you get that idea? That's hardly a niche job.....and I work for a private company....family owned.....not a municipality. GO VIKINGS!!!

An engineering company that depend on gov't contracts....
Actually you are wrong....we try to stay away from government contracts....to many hoops to jump through. GO VIKINGS!!!

You're telling us that your firm has never gotten any government contracts?
Well....we've been in business since 1945 so we may have but I've only worked here since 1978.....so my answer is...not in my memory. GO VIKINGS!!!

Really? Isn't the Riverside Public Financing Authority a government agency? ???

Isn't Riverside County administration a government agency? ???

The Redevelopment Agency of the City of Chino? ???

Weren't those contract written in the last decade? ???

 :nono2: Keep trying me...
Doing your homework I see. Redevelopement Agencies don't exist here in California anymore...FYI....None of the contracts that I work on are paid by any governmental agency....they are paid by the landowners through taxes and assessments. GO VIKINGS!!!
Title: Re: The Failure of Supply-Side Economics
Post by: soflorattler on August 07, 2012, 12:33:54 PM
What happened they reduced your salary and working hours on  your job??--
Nope.....still working 40 plus.....I get cost of living raises....but I haven't recieved a bounus in 4 years. Hey....I consider myself one of the lucky ones....my job is a niche job that not many people can do. GO VIKINGS!!!

It's nice being a white male, doing accounting in California isn't it??? 

Especially with the security of a municipal job...  2012 minus 4 years is 2008, I hope you are not blaming the current administration for the problems that you and others are experiencing, this started under your beloved President George W Bush he had 8 years to mess things up for everyday JOES... 

It's gonna take about 8 years to repair this chit he has left behind - duh, with the tea party controlling the house it may take longer, since there are in the "don't do anything until after the November 2012 Presidential Election...   

I sense that chit is gonna back fire on their ignorant arses, LOL!!!       
Accounting??? Where did you get that idea? That's hardly a niche job.....and I work for a private company....family owned.....not a municipality. GO VIKINGS!!!

An engineering company that depend on gov't contracts....
Actually you are wrong....we try to stay away from government contracts....to many hoops to jump through. GO VIKINGS!!!

You're telling us that your firm has never gotten any government contracts?
Well....we've been in business since 1945 so we may have but I've only worked here since 1978.....so my answer is...not in my memory. GO VIKINGS!!!

Really? Isn't the Riverside Public Financing Authority a government agency? ???

Isn't Riverside County administration a government agency? ???

The Redevelopment Agency of the City of Chino? ???

Weren't those contract written in the last decade? ???

 :nono2: Keep trying me...
Doing your homework I see. Redevelopement Agencies don't exist here in California anymore...FYI....None of the contracts that I work on are paid by any governmental agency....they are paid by the landowners through taxes and assessments. GO VIKINGS!!!

Cite one landowner who awarded your firm a contract based on the posts above?
Title: Re: The Failure of Supply-Side Economics
Post by: EB on August 07, 2012, 02:05:49 PM
Let's not forget about this.

----------

Beating Back the CEO Attack on Social Security and Medicare (http://www.nationofchange.org/beating-back-ceo-attack-social-security-and-medicare-1344345810)

Dean Baker
Center for Economic and Policy Research / Op-Ed
Published: Tuesday 7 August 2012
“The CEOs want to do this behind closed doors because they know that politicians who have to answer to their constituencies will never be able to get away with these cuts. The key is to force the debate into the sunlight.”

Last week I wrote about the conspiracy of corporate chieftains to impose a budget plan involving large cuts to Social Security and Medicare, regardless of who wins the elections in November. According to veteran Washington Post columnist Steven Pearlstein, who wrote approvingly of these efforts, many of the top executives of the country’s biggest companies are meeting behind closed doors to design such a budget plan.

This plan is expected to follow the designs of the plan crafted two years ago byMorgan Stanley Director Erskine Bowles and former Senator Alan Simpson, the co-directors of President Obama’s deficit commission. The Bowles-Simpson plan called for a reduction in the annual cost-of-living adjustment for Social Security that is equivalent to a 3 percent cut in benefits. It also called for gradually raising the normal retirement age to 69 and phasing in lower benefits for workers who earned more than $40,000 a year. The Bowles-Simpson plan would also raise the age of eligibility for Medicare to 67.

.....
Title: Re: The Failure of Supply-Side Economics
Post by: uchighlander on August 07, 2012, 02:23:29 PM
What happened they reduced your salary and working hours on  your job??--
Nope.....still working 40 plus.....I get cost of living raises....but I haven't recieved a bounus in 4 years. Hey....I consider myself one of the lucky ones....my job is a niche job that not many people can do. GO VIKINGS!!!

It's nice being a white male, doing accounting in California isn't it??? 

Especially with the security of a municipal job...  2012 minus 4 years is 2008, I hope you are not blaming the current administration for the problems that you and others are experiencing, this started under your beloved President George W Bush he had 8 years to mess things up for everyday JOES... 

It's gonna take about 8 years to repair this chit he has left behind - duh, with the tea party controlling the house it may take longer, since there are in the "don't do anything until after the November 2012 Presidential Election...   

I sense that chit is gonna back fire on their ignorant arses, LOL!!!       
Accounting??? Where did you get that idea? That's hardly a niche job.....and I work for a private company....family owned.....not a municipality. GO VIKINGS!!!

An engineering company that depend on gov't contracts....
Actually you are wrong....we try to stay away from government contracts....to many hoops to jump through. GO VIKINGS!!!

You're telling us that your firm has never gotten any government contracts?
Well....we've been in business since 1945 so we may have but I've only worked here since 1978.....so my answer is...not in my memory. GO VIKINGS!!!

Really? Isn't the Riverside Public Financing Authority a government agency? ???

Isn't Riverside County administration a government agency? ???

The Redevelopment Agency of the City of Chino? ???

Weren't those contract written in the last decade? ???

 :nono2: Keep trying me...
Doing your homework I see. Redevelopement Agencies don't exist here in California anymore...FYI....None of the contracts that I work on are paid by any governmental agency....they are paid by the landowners through taxes and assessments. GO VIKINGS!!!

Cite one landowner who awarded your firm a contract based on the posts above?
Brookfield Homes. GO VIKINGS!!!
Title: Re: The Failure of Supply-Side Economics
Post by: soflorattler on August 07, 2012, 04:15:40 PM
What happened they reduced your salary and working hours on  your job??--
Nope.....still working 40 plus.....I get cost of living raises....but I haven't recieved a bounus in 4 years. Hey....I consider myself one of the lucky ones....my job is a niche job that not many people can do. GO VIKINGS!!!

It's nice being a white male, doing accounting in California isn't it??? 

Especially with the security of a municipal job...  2012 minus 4 years is 2008, I hope you are not blaming the current administration for the problems that you and others are experiencing, this started under your beloved President George W Bush he had 8 years to mess things up for everyday JOES... 

It's gonna take about 8 years to repair this chit he has left behind - duh, with the tea party controlling the house it may take longer, since there are in the "don't do anything until after the November 2012 Presidential Election...   

I sense that chit is gonna back fire on their ignorant arses, LOL!!!       
Accounting??? Where did you get that idea? That's hardly a niche job.....and I work for a private company....family owned.....not a municipality. GO VIKINGS!!!

An engineering company that depend on gov't contracts....
Actually you are wrong....we try to stay away from government contracts....to many hoops to jump through. GO VIKINGS!!!

You're telling us that your firm has never gotten any government contracts?
Well....we've been in business since 1945 so we may have but I've only worked here since 1978.....so my answer is...not in my memory. GO VIKINGS!!!

Really? Isn't the Riverside Public Financing Authority a government agency? ???

Isn't Riverside County administration a government agency? ???

The Redevelopment Agency of the City of Chino? ???

Weren't those contract written in the last decade? ???

 :nono2: Keep trying me...
Doing your homework I see. Redevelopement Agencies don't exist here in California anymore...FYI....None of the contracts that I work on are paid by any governmental agency....they are paid by the landowners through taxes and assessments. GO VIKINGS!!!

Cite one landowner who awarded your firm a contract based on the posts above?
Brookfield Homes. GO VIKINGS!!!

Nice try, but Brookfield Homes was not mentioned in the "posts above". Maybe you misunderstood the question... Cite one landowner who awarded your firm a contract through the governments listed in the above post?
Title: Re: The Failure of Supply-Side Economics
Post by: uchighlander on August 08, 2012, 10:50:55 AM
Brookfield Homes. GO VIKINGS!!!
Title: Re: The Failure of Supply-Side Economics
Post by: Bison66 on August 09, 2012, 01:27:41 AM
Doing your homework I see. Redevelopement Agencies don't exist here in California anymore...FYI....None of the contracts that I work on are paid by any governmental agency....they are paid by the landowners through taxes and assessments. GO VIKINGS!!!
[/quote]

highlander,

Let me see if I understand your terminology.
You seem to be saying that because taxes and assessments are paid by landowners that go to govt entities, who then use the funds for projects do not make those govt projects?
Is that it?
I must admit that even framing this question was difficult because the logic is so twisted.
O0
Title: Re: The Failure of Supply-Side Economics
Post by: jag4life on August 09, 2012, 01:35:31 PM
I guess he's saying that there is no such thing as a government project.
Title: Re: The Failure of Supply-Side Economics
Post by: Meciber 202 on August 09, 2012, 02:44:19 PM
Two pages and I think the lightbulb finally coming on for uchi  :snicker I think it's almost time where he, Uchi gets himself wrapped and confused ... :lol: his next response (if he still here  :tiptoe: ) should be I don't know what I meant but I'm sticking by my answer  :lol:
and he'll just repeat last answer  :lmao:
Title: Re: The Failure of Supply-Side Economics
Post by: uchighlander on August 09, 2012, 05:47:50 PM
Doing your homework I see. Redevelopement Agencies don't exist here in California anymore...FYI....None of the contracts that I work on are paid by any governmental agency....they are paid by the landowners through taxes and assessments. GO VIKINGS!!!

highlander,

Let me see if I understand your terminology.
You seem to be saying that because taxes and assessments are paid by landowners that go to govt entities, who then use the funds for projects do not make those govt projects?
Is that it?
I must admit that even framing this question was difficult because the logic is so twisted.
O0
[/quote] Those taxes and assessment don't pay for the projects....those projects have already been constructed with bond proceeds. GO VIKINGS!!!
Title: Re: The Failure of Supply-Side Economics
Post by: Meciber 202 on August 09, 2012, 09:34:05 PM
Doing your homework I see. Redevelopement Agencies don't exist here in California anymore...FYI....None of the contracts that I work on are paid by any governmental agency....they are paid by the landowners through taxes and assessments. GO VIKINGS!!!

highlander,

Let me see if I understand your terminology.
You seem to be saying that because taxes and assessments are paid by landowners that go to govt entities, who then use the funds for projects do not make those govt projects?
Is that it?
I must admit that even framing this question was difficult because the logic is so twisted.
O0
Those taxes and assessment don't pay for the projects....those projects have already been constructed with bond proceeds. GO VIKINGS!!!
[/quote]

 :o Oh no he didn't .... asking for more rope when he should just accept fact and count it as a lost  :no: :shrug:

Uchi, see your post like this is why I have issues with you sometimes :nono2: are you really gonna tell me you don't know anything about those "mystery bonds" ... hint hint ...  the light bulb is there for ya, just pull the switch  :no:  I'm gonna give you chance to come clean and even give you clue (think about municipal,state,federal and what they have in common) You can do it.   :angel:

And I assume you at least know about sub-contracting and how that works - just in case you try to plead further ignorance.  :snicker
Title: Re: The Failure of Supply-Side Economics
Post by: uchighlander on August 10, 2012, 10:16:49 AM
Doing your homework I see. Redevelopement Agencies don't exist here in California anymore...FYI....None of the contracts that I work on are paid by any governmental agency....they are paid by the landowners through taxes and assessments. GO VIKINGS!!!

highlander,

Let me see if I understand your terminology.
You seem to be saying that because taxes and assessments are paid by landowners that go to govt entities, who then use the funds for projects do not make those govt projects?
Is that it?
I must admit that even framing this question was difficult because the logic is so twisted.
O0
Those taxes and assessment don't pay for the projects....those projects have already been constructed with bond proceeds. GO VIKINGS!!!

 :o Oh no he didn't .... asking for more rope when he should just accept fact and count it as a lost  :no: :shrug:

Uchi, see your post like this is why I have issues with you sometimes :nono2: are you really gonna tell me you don't know anything about those "mystery bonds" ... hint hint ...  the light bulb is there for ya, just pull the switch  :no:  I'm gonna give you chance to come clean and even give you clue (think about municipal,state,federal and what they have in common) You can do it.   :angel:

And I assume you at least know about sub-contracting and how that works - just in case you try to plead further ignorance.  :snicker
[/quote]I know all about the bonds....I have too just to do my job. The bottom line with this discussion is " does the government construct....build....use any word you want....anything "? My answer is no. They are a "distribution" warehouse....nothing more. Pretty soon they will be distributing your health care....see how you like that. GO VIKINGS!!!
Title: Re: The Failure of Supply-Side Economics
Post by: soflorattler on August 10, 2012, 02:12:34 PM
Uchi, I'll bet  $100 not one bid was submitted to Brookfield Homes for a contract. I'll further bet that not one check your firm received was issued by Brookfield Homes. I'll even FURTHER bet that either City of Chino, Riverside County, or City of Riverside was all over that check...
Title: Re: The Failure of Supply-Side Economics
Post by: uchighlander on August 10, 2012, 02:40:18 PM
Uchi, I'll bet  $100 not one bid was submitted to Brookfield Homes for a contract. I'll further bet that not one check your firm received was issued by Brookfield Homes. I'll even FURTHER bet that either City of Chino, Riverside County, or City of Riverside was all over that check...
You are wrong...we did submitt a bid.....and we recieved numerous checks from Brookfield Homes without endorsements from ANY public agency......you lose. GO VIKINGS!!!!
Title: Re: The Failure of Supply-Side Economics
Post by: soflorattler on August 10, 2012, 09:39:32 PM
Uchi, I'll bet  $100 not one bid was submitted to Brookfield Homes for a contract. I'll further bet that not one check your firm received was issued by Brookfield Homes. I'll even FURTHER bet that either City of Chino, Riverside County, or City of Riverside was all over that check...
You are wrong...we did submitt a bid.....and we recieved numerous checks from Brookfield Homes without endorsements from ANY public agency......you lose. GO VIKINGS!!!!

Then you lied like a cheap Chinese rug!!

Quote from: uchighlander link=topic=65985.msg530636#msg530636
...they are paid by the landowners through taxes and assessments. GO VIKINGS!!!
Title: Re: The Failure of Supply-Side Economics
Post by: Bison66 on August 10, 2012, 09:50:15 PM
Doing your homework I see. Redevelopement Agencies don't exist here in California anymore...FYI....None of the contracts that I work on are paid by any governmental agency....they are paid by the landowners through taxes and assessments. GO VIKINGS!!!

highlander,

Let me see if I understand your terminology.
You seem to be saying that because taxes and assessments are paid by landowners that go to govt entities, who then use the funds for projects do not make those govt projects?
Is that it?
I must admit that even framing this question was difficult because the logic is so twisted.
O0

Those taxes and assessment don't pay for the projects....those projects have already been constructed with bond proceeds. GO VIKINGS!!!
[/quote]

Oh,.... so, landowners pay taxes and assessments to pay off the bonds?
Is that correct?
Who issues the bonds?
O0
Title: Re: The Failure of Supply-Side Economics
Post by: Bison66 on September 01, 2012, 10:54:12 AM
highlander,

So,....who issues the bonds?
O0
Title: Re: The Failure of Supply-Side Economics
Post by: Cats4ever on September 01, 2012, 11:05:14 AM
I know not to debate with these guys on this board because you cannot tell them anything because they will call you out. It should not be a surprise that some of these take after R/R in that they lie.
Title: Re: The Failure of Supply-Side Economics
Post by: EB on September 01, 2012, 07:10:21 PM
http://thinkprogress.org/economy/2012/08/31/783221/chart-republicans-wage-growth/

http://thinkprogress.org/economy/2012/08/02/627731/charts-supply-side-growth/