DEBT (national) : tax-cuts-for-the-rich ($17 trillion) the real cause?

[sam11111]

Anyone know the causes of the national Debt, with numbers?

I calculate-

tax cuts for the rich (since 1966) - 17 trillion

Iraq, Afghanistan - 2 trillion?

bank bailouts 1988, 2008 - $x, $1.7 trillion

So the entire Debt can be explained if we just look at tax-cuts-for-the-rich.... not ss or Medicare.

Anyone know of an authoritative source for the tax-cuts-for-the-rich figure? Or the other Debt sources I listed?

Thank you very much!

[handmade34]

1. ...

http://www.tax.com/taxcom/taxblog.nsf/Permalink/CHAS-89LPZ9
"The hard, empirical facts:
The tax cuts did not spur investment. Job growth in the George W. Bush years was one-seventh that of the Clinton years. Nixon and Ford did better than Bush on jobs. Wages fell during the last administration. Average incomes fell. The number of Americans in poverty, as officially measured, hit a 16-year high last year of 43.6 million, though a National Academy of Sciences study says that the real poverty figure is closer to 51 million... This is economic madness. It is policy divorced from empirical evidence. It is insanity because the policies are illusory and delusional...

So why in the world is anyone giving any credence to the insistence by Republican leaders that tax cuts, more tax cuts, and deeper tax cuts are the remedy to our economic woes? Why are they not laughingstocks?... The Republican leadership is like the doctors who believed bleeding cured the sick. When physicians bled George Washington, he got worse, so they increased the treatment until they bled him to death. Our government, the basis of our freedoms, is spewing red ink, and the Republican solution is to spill ever more.

Those who ignore evidence and pledge blind faith in policy based on ideological fantasy are little different from the clerics who made Galileo Galilei confess that the sun revolves around the earth. The Capitol Hill and media Republicans differ only in not threatening death to those who deny their dogma..."


http://www.ombwatch.org/node/11353
"In a report released last week, the Congressional Research Service (CRS) revised the total cost of permanently extending all of the Bush tax cuts to $5.048 trillion over the next ten years. The revised amount, which is significantly higher than the $2.8 trillion figure CRS reported in September, takes into account the cost of servicing the debt due to lost revenue and indexing the alternative minimum tax (AMT) to inflation.*








http://www.americanprogress.org/issues/2011/06/pdf/low_tax_graphs.pdf

[sam11111]

2. handmade, thanks! digesting all that now more in a bit fm me...

[handmade34]

3. and one should never neglect this graph

http://www.lcurve.org/

[sam11111]

5. missed that while doing my reply below...digesting curve now...

[sam11111]

6. still need overall causes of the Debt - anyone? (hand -- digested the L-curve

And second page of links scanned... seems not to directly answer the Q. of my OP). Tho again valuable on a slew of related issues)

My goal is to rebut the RW on the Debt.

[sam11111]

7. Handmade....hello to Vermont! our best state. In so many ways.

[sam11111]

8. Sanders a great senator too

[sam11111]

4. Still need Debt causes.. the OP questions not answered yet by replies

Handmade,
Super info you have...will help a lot on some other aspects!

However I still lack causes of the Debt overall and the input from TCR (tax cuts for the rich) in paticular.
The overal big picture is what I need. Debate runs best on that rather than small pieces of the picture.

Still your info is great on many other related questions. Glad you collect it.

Keep collecting - human progress is due to folks like you down the centuries!

[handmade34]

9. me thinks

you are over thinking... very complicated but also simple

just like weight loss/gain... calories in/energy expended

debt... money in/expenditures

who sets priorities?

not sure about your specific question... are you looking for a, who set policy, where did the money go, why did we allow more money to go out than to come in?

[sam11111]

10. hi, looking for how much tax revenue has been ungathered due to tax cuts for the rich(TCR)

Since cuts began in 1966

If over 15 trillion ( the Debt ) then TCR is by itself to blame.

[sam11111]

11. still looking for answer to the OP question -- anybody know?

[sam11111]

12. nt

Nt

[sam11111]

13. kick

N

[sam11111]

14. kick

N