• Tyler Healey wrote a new diary post: How To End This Depression

    2014-03-06 09:40:06View | Delete

    The GOP is known for supporting tax cuts, so the Democrats should propose a full payroll tax holiday for incomes under $90k. I doubt Republicans would oppose a tax cut for over 100 million Americans in an election year.  If they try to block it by saying it needs to be “paid for,” the Democrats can simply [...]

  • Tyler Healey commented on the diary post Who’s Really To Blame for Unemployment? by Michelle Chen.

    2014-02-09 07:38:55View | Delete

    The GOP is known for supporting tax cuts. Therefore, the Democrats should propose a tax cut for incomes under $90k. I doubt Republicans would oppose a tax cut for over 100 million Americans in an election year.

  • Tyler Healey commented on the diary post A Plan For Ending This Depression by Tyler Healey.

    2013-02-21 07:11:47View | Delete

    The FICA tax is extremely regressive and it takes about one trillion dollars from the American people every year. James Galbraith has described it as an “accounting farce”. Entitlements could still exist without it, so there is no reason to have it.

  • Tyler Healey wrote a new diary post: A Plan For Ending This Depression

    2013-02-19 11:51:58View | Delete

    Step 1. Abolish the debt limit Deficit hawks hold the debt limit hostage and say they won’t raise it unless government spending is cut. For this reason alone, the debt limit has got to go. Step 2. Close our infrastructure deficit Our infrastructure is in dire need of repair and over ten million Americans are in dire [...]

  • Tyler Healey commented on the diary post We should all be thanking Grover Norquist by Tyler Healey.

    2011-11-24 06:48:06View | Delete

    I don’t support raising taxes on anyone. I quoted Galbraith and Baker to show that they admit tax increases slow growth.

    They’re distinguished economists, and every distinguished economist understands that tax increases slow growth.

  • Tyler Healey commented on the diary post We should all be thanking Grover Norquist by Tyler Healey.

    2011-11-23 12:44:16View | Delete

    Galbraith’s point in the words I quoted was that tax increases cost jobs. Baker’s point in the words I quoted was that spending cuts and tax increases slow growth.

  • Tyler Healey commented on the diary post We should all be thanking Grover Norquist by Tyler Healey.

    2011-11-23 12:26:27View | Delete

    The truth is that raising taxes removes money from the American people, which hurts the economy.

  • Tyler Healey commented on the diary post We should all be thanking Grover Norquist by Tyler Healey.

    2011-11-23 07:26:19View | Delete

    James Galbraith, 2010: “Today some decry President Obama’s decision to allow the top-tier Bush tax cuts to lapse, arguing that ‘one should not cut spending in a recession.’ And it’s true: jobs will be lost.”

  • Tyler Healey commented on the blog post Do-Nothing Option on Deficits Finally Gets Noticed

    2011-11-23 07:01:02View | Delete

    Fiscal austerity is not the answer to our current woes. Check this out.

  • Tyler Healey commented on the blog post Do-Nothing Option on Deficits Finally Gets Noticed

    2011-11-22 12:22:29View | Delete

    Tax increases being contractionary does not mean any tax hike will cause the entire economy to shrink. It simply means that tax increases fight against growth, while tax cuts and spending increases fight for growth.

    Since tax increases are contractionary, why would you support them? Are you a debt hawk?

  • Tyler Healey commented on the blog post Do-Nothing Option on Deficits Finally Gets Noticed

    2011-11-22 12:02:28View | Delete

    James Galbraith refers to tax cuts as “spending”.

    Tax increases and spending cuts are both contractionary, meaning they serve to shrink the economy rather than grow it.

  • Tyler Healey commented on the blog post Do-Nothing Option on Deficits Finally Gets Noticed

    2011-11-22 11:19:18View | Delete

    If you wouldn’t support a spending reduction, you shouldn’t support a tax hike.

    Tax cuts and spending increases are both expenditures. It is basic Keynesian economics that you do not cut expenditures in a down economy.

  • Tyler Healey commented on the blog post Do-Nothing Option on Deficits Finally Gets Noticed

    2011-11-22 11:06:40View | Delete

    Letting the Bush tax cuts expire would be horrendous for the economy. If we want people to spend more, why would we take more of their money?

  • Tyler Healey commented on the diary post We should all be thanking Grover Norquist by Tyler Healey.

    2011-11-22 10:39:51View | Delete

    Going back to the Clinton tax rates would constitute a tax increase, which would be bad for the economy. All tax increases and all spending cuts are contractionary, meaning they serve to shrink the economy rather than grow it.

  • Tyler Healey commented on the blog post Obama Threatens Veto on Undoing Trigger Cuts

    2011-11-22 09:58:56View | Delete

    President Obama should have demanded from the Republicans that unemployment insurance not expire until the unemployment rate falls under five percent.

    Regarding the Bush tax cuts, it was right to extend them. Letting them expire and thereby taking trillions of dollars out of the economy would likely have sent us into another recession.

    In all seriousness, we should just abolish the federal income tax. It’s too bad we have a debt hawk in the White House.

  • Tyler Healey wrote a new diary post: We should all be thanking Grover Norquist

    2011-11-22 06:43:02View | Delete

    Democrats need to understand that tax increases are equivalent to spending cuts in this crucial way: they are contractionary.   A fiscal contraction from the federal government is exactly what our present economy does not need.  That is why we should all be thanking Grover Norquist for his “no tax hikes” agenda.

  • Tyler Healey became a registered member

    2011-11-22 06:31:00View | Delete