(11-12-2018, 11:45 AM)Byron LeftTown Wrote: The Fed is in charge of interest rates.

Incorrect.
The Fed is in charge of setting a minimum interest rate.
The actual interest rate that the government will actually pay on a bond is set by an auction process.
The more new debt issued at one time, the higher the interest rate will be for that batch; supply and demand.
The Fed can also manipulate the bond market by buying some of the treasuries.  This is called quantitative easing, and when Obama did it, Republicans said it was very, very, bad.

---

(11-12-2018, 11:00 AM)MalabarJag Wrote:

(11-12-2018, 09:12 AM)mikesez Wrote: I propose that the tax cuts were neither necessary nor good.
If we had simply left taxes alone, the debt would be at a more sustainable level, interest rates would be higher than they were in 2016 but not as high as today, and employment would still be high.

The corporate tax cuts were absolutely necessary. The US had one of the highest (if not the highest) corporate taxes in the free world. Businesses were relocating to foreign countries, meaning a loss of jobs and a loss of business tax revenue. You leftists don't seem to understands that 100% of nothing is still nothing.

The other tax cuts were insignificant to the deficit, and necessary to put the corporate tax cuts through.

And the debt was so high that just keeping a smaller deficit wouldn't have have helped. The problem is too much spending, not a lack of taxes.

Right, Obama also proposed lowering the corporate rate for that reason.  
There was a way to do it that would have less impact on the debt.

---

(11-12-2018, 10:15 AM)JagNGeorgia Wrote:

(11-12-2018, 09:22 AM)StroudCrowd1 Wrote: Liberals are all about the government keeping more of our money because they truly believe they know how to spend it better than we do.

He’s a Republican, remember?

One of those pro-tax Republicans...

I'm not pro-tax.
I'm also not pro-all-tax-cuts, like flsportsgod.
I try to analyze things case by case.

---