another republican meme discredited: tax cuts pay for themselves.

[nutmeg]

Quote from denner:

Guess what...the infrastructure of many parts of this country is literally crumbling to pieces. Bridges, roads, etc... We've had all of these surplus taxes in place to supposedly address these issues and yet the money never seems to make it to these repairs. Or worse, things are "patched up" only to re-surface in the same neglected condition a few years later.

Gees, I was just reading some stats on this, can't find the article. Going from memory though, about 27% of the highway fund is for debt service, So if Obama offers up 50 billion for dot, 27% right off the top is going to help states with their debt load. Another large chunk (can't recall the number) maybe 18% is going for pensions, health care, etc. Somewhere in that 50 billion though are nickels and dimes for concrete.

 

[wildchild]

Quote from Free Thinker:

do they look at half a cycle and cherry pick data that ends right before it all blew up? what happened to revenue in 2009 and 2010 with those same bush tax rates after the debt induced boom blew up? bush transfered tax cuts into debt. then when it all blew up he, admittedly with democrat help, transfered private bad debt to public debt.

I simply used the Bush Era. Pretty cut and dry.

 

[rew]

Quote from nutmeg:

If you eliminated every tax that is applied to a gallon of gasoline or deisel fuel, do you think we could generate enough economic activity to offset the cut in taxes?

The road building and maintenance that those taxes pay for would have to stop, so eventually the roads would crumble and bridges would collapse. I don't think that will do much for the economy.

 

[denner]

Quote from nutmeg:

Gees, I was just reading some stats on this, can't find the article. Going from memory though, about 27% of the highway fund is for debt service, So if Obama offers up 50 billion for dot, 27% right off the top is going to help states with their debt load. Another large chunk (can't recall the number) maybe 18% is going for pensions, health care, etc. Somewhere in that 50 billion though are nickels and dimes for concrete.

Thank you. You've put some substance into the numbers that my post was lacking. I've been lambasted by some folks when I made a claim a few years back that all of these gigantic "rebuild America" projects were merely a ruse to fund the pensions and grease the palms of the guys who will "do a feasibility study".

 

[Mercor]

Quote from denner:

Guess what...the infrastructure of many parts of this country is literally crumbling to pieces. Bridges, roads, etc...

The is the big Liberal myth used to raise taxes.

Roads always need fixing....but I don't read of to many bridges falling down