“It took the national debt two hundred years to reach $1 trillion. Supply Side Economics quadrupled the national debt to over $4 trillion in twelve years (1980-1992) under the Republicans. Bill Clinton actually paid down the national debt. How did he do it? He raised taxes. It produced the longest sustained economic expansion in U.S. History.” YearsTwoSidesEconomicRepublicanTaxesHundredEconomicsPaidBillsClintonRaisedDebtTwelveExpansionNational DebtSupply Side Economics Book:Straight Talk from the Heartland: Tough Talk, Common Sense, and Hope from a Former Conservative Source: Straight Talk from the Heartland: Tough Talk, Common Sense, and Hope from a Former Conservative
“Revenue has increased in this way is in no small measure, I am convinced, due to our low tax policy which has helped to generate an economic expansion in the face of unfavourable circumstances.” WayFacesEconomicPolicyCircumstancesTaxesLowsDuesConvincedExpansionRevenue Author:John James Cowperthwaite
“I hold that two principles are important; first that there should be a steady expansion of public services, not an irregular one related to revenue accruing in any particular year; the second that taxes should be constant over long periods (provided, that is, that they are neither burdensome nor inequitable).” ShouldYearsFirstsLongTwoImportantPrinciplesParticularPeriodsTaxesConstantRelatedSteadyExpansionRevenuePublic Service Author:John James Cowperthwaite
“Ronald Reagan cut taxes to raise the deficit to stop liberals in future years from increasing spending. Obama will raise spending to raise the deficit to stop conservatives in future years from cutting taxes. As he funds every liberal dream - from alternative energy production to infrastructure renovation to more federal revenue sharing - he will force a massive expansion in the size of government for a decade to come.” YearsDreamGovernmentEnergyForceCuttingTaxesRaisesSizeProductionsSpendingDecadesAlternativesFundMassiveExpansionRevenueInfrastructureDeficitRenovationAlternative EnergySize Of GovernmentEnergy Production Author:Dick Morris
“Sometimes I wonder how much of these debates have to do with the desire, the legitimate desire, for that history to be recognized. Because there is a psychic power to the recognition that is not satisfied with a universal program, it's not satisfied by the Affordable Care Act, or an expansion of Pell grants, or an expansion of the earned-income tax credit.” SometimesCareDesireWonderTaxesProgramUniversalCreditDebateIncomeSatisfiedRecognitionGrantsExpansionPsychicsAffordableIncome TaxSometimes I WonderAffordable Care ActPell Grants Author:Barack Obama
“In a sense, George W. Bush has used the tragedy of the terrorist attacks of September 11th and the nightmarish expansion of his idea of a war on terror to overshadow his actual conduct in office on the redistribution of wealth upward through progressive tax cuts that actually penalize the vast majority of the public, and shift their resources to a narrow band at the very, very top.” IdeasWarUsedWealthCuttingBandTaxesOfficeResourcesTragedyMajorityTerrorTerroristProgressiveSeptemberExpansionSeptember 11War On TerrorTax CutsTerrorist AttacksSeptember 11thRedistribution Of WealthProgressive Tax Author:Sidney Blumenthal