Originally posted by Lair
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Originally posted by Lair View PostI remember the 90's with a great deal of fondness. Everybody had money, everybody was happy, people weren't dying in an illicit war, and the Fed had a budget surplus.
Funny that the last Dem president left a budget surplus behind in 1999, and now we have a $490 BILLION deficit looming ahead of us.
Those tax cuts REALLY work!
Its both a blessing and a curse. Ignorant people focus so much on the president they have no idea how little control he really holds. The nice thing is they get lazy and forget to vote for their congressional leaders so not too much damage can get done.
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Originally posted by Aptyp View Post
Republicans made government small, but got businesses run everything for us. All paperwork and legwork is done by third parties now.
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Every moron knows that the current group of Repubs head the largest, most bloated government in the history of the United States.
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I remember the 90's with a great deal of fondness. Everybody had money, everybody was happy, people weren't dying in an illicit war, and the Fed had a budget surplus.
Funny that the last Dem president left a budget surplus behind in 1999, and now we have a $490 BILLION deficit looming ahead of us.
Those tax cuts REALLY work!
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Wow ! !
I could give a shit who gets in office. Although I would lean towards wanting O man in getting in mainly because of his ridiculous policies he has suggested, only would make my clubs and business fronts better than it currently is. Afterall when the economy does take a huge shit my unreported income only goes through the roof.
That and democrats usually take bribes more often so I can get the picking on good local/state and some federal government contracts...
T...Last edited by Tony Soprano; 07-29-2008, 08:12 PM.
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and I don't mean to call you morons, just seemed like a good opening line.
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both of you are morons.
Subsidizing every little detail in order to keep government small cost United States to be in such deficit.
Republicans made government small, but got businesses run everything for us. All paperwork and legwork is done by third parties now.
Democrats, through higher taxes, want to not subsidize as much and increase the size of government. This way many things would be properly handled and easily overseen.
Both ideas have serious flaws. And this is not even starting ethics and morals debate.
United States doesn't need to raise taxes, in actuality, United States doesn't need taxes at all. Government should take advantage of the capitalist politics, and start making money on it's own.
No, government should not give every body a job, but government can not look at unemployment and expect capitalist to hand out jobs. it's a fucked up system, but it's no socialism.
Personally, I am going to play the racist card on the election day. I do like McCain more, and I like what he stands for. One thing I hate the most about Obama, is the fact that black community will vote for him, no matter what he says or does. That's beyond ignorant, and for that alone, I am voting against black community. And I know there are racist who'll voter McCain because he's white, but all those ignorant groups are republicans to begin with, LOL.
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Originally posted by Lair View PostLet me get this straight:
You think that Bush's unbridled spending coupled with his tax cuts DID NOT create the current record deficit?
And funny you blame BOOOOSH for spending. The increase in MANDATORY spending, aka social security, medicare, medicaid, etc is 150% of the increases of discretionary spending between FY2007 and FY2008. Those are long-term issues that don't care who is in office. Accrediting the deficit to BUSH when a strong part of the increase from 07 to 08 is MANDATORY is ignorant and weak.
Sure, Iraq is expensive and so is homeland security stuff, but oh well... the 80s ended up fairly well. The real concern is the programs with lack of foresight to deal with the baby boomers growing old, no longer working and still needed $ from the government. If want budget surpluses, just kill old people... but since they are the votes who vote, I don't think any grannocide will occur.
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Originally posted by rwh11385 View PostIt's not the tax cuts that is responsible for the increased deficit, like you said just a few posts ago. And it's not just the war in Iraq that is the cause of spending increases either. Old people are expensive to maintain.
You're pretty slow aren't you...
Listen, he has to admit to himself that he is a liberal. But he has been conditioned by the left too. He is as much a victim as he is a villain. He actually thinks he is a moderate, but has been so inundated by the liberal media and since questioning what sounds nice isn't in his genes, he just gets sucked in further and further. It is pretty sad really. It is a crime that happens all too often and it is a condition that can only be treated by a dose of personal responsibility which is so hard to find in this Age of Entitlement.
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Originally posted by Lair View PostSpending without income = record deficit, you dumbass.
Is it THAT hard to understand economics?
so here is a question for you, and please read and digest what i'm about to say. all of this can be looked up if u have an interest, and i do this stuff for a living.
back in the late 60's early 70's, top marginal income tax rates were 70%+.
Federal tax receipts were approxamately 19-20% of GDP
under Regean, top marginal tax rates dropped to 28%, and federal tax receipts were about 19-20%. the economy entered what economists called the 7 fat years. defecits occured because of spending, which looking back historically was the right thing to do (fall of USSR)
today top marinal rates are 35% and federal tax receipts are about 19-20% of GDP.
fed taxes are and have always been about 19-20% of GDP
a bigger economy means more tax receipts and u get a bigger economy with lower taxes, that's why they don't mean less, but more federal tax receipts.
the problem has always been spending, not the amount of $ collected by the feds.
and that is why O man is the worst possible choice. he wants to increase taxes and increase spending dramatically, which flat out will not work.
mccain historically has been good on holding the limit on spending, while O man has not, at least for the 143 days he's served so far.
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