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We have to abide by this. It was "Submitted by Louise on 21. July 2009 - 7:42"
Your response falls very short of being clever. The article was written by Thom Hartmann and was reprinted on numerous sites. What is the difference where the link leads if the author of the original article is the brilliant guy that Thom Hartmann is.
Obama should just bring the troops home and use them confiscate the assets of the rich-An Anonymous Liberal
Screw all the rich people in this country who think they owe nothing for using systems which were ensured by the spilling of young American blood. When their children begin to take part in these fiascos I'll regain some respect for them but not before. Who Do They Think They Are??
In the 1950's anyone who earned more than $300,000 per year paid 91% interest on the excess to the government. 'Course back then a corporate executive earned four or five times what a carpenter earned. Now the elitist bastards earn 500 times that. It's GREED!! When they think they should not be taxed on it they are stupid and greedy!
Clinton raised taxes and balanced the annual budget. He actually generated an annual surplus that when combined amounted to $450 billion during fy's 1998, 1999 and 2000.
You might want to check the national debt figures in your own post for those years.
Moderator cut: Copyright violation -- please post a link and a "snippet" only, per the Terms of Service.
Nice propaganda. Where did you cut and paste it from?
If their was a surplus, where did the money go? The national debt INCREASED each year, meaning the government SPENT more money than it actually had and had to borrow more = NO SURPLUS.
Last edited by Green Irish Eyes; 08-11-2010 at 01:27 AM..
Reason: Edited quoted text
Just for reference - tax cuts cost nothing because if tax rates are reduced, the money never gets to the government. How can it cost the government money if it never gets there? They may have to re-budget some items - but it doesn't cost them anything.
Tax credits do come from the government - so it is a different animal.
Tax cuts (to a certain point - 0% taxes obviously won't work) help bring in more money to the government because it allows for more economic activity. The more money is transferred between two parties, the more taxes are collected. If taxes are too high and people are restricted by unemployment (less income taxes) and by not being able to purchase goods, less taxes will be collected by the government.
Nice propaganda. Where did you cut and paste it from?
If their was a surplus, where did the money go? The national debt INCREASED each year, meaning the government SPENT more money than it actually had and had to borrow more = NO SURPLUS.
No...what the Republicans want people to believe is that cutting taxes for the wealthy and borrowing from foreign banks...even Communist Chinese banks makes no difference. The fact of the matter is that because of low taxes for the wealthy under Reagan and the Bushes that the annual interest we must pay our debtors has increased from less than $40 billion each year to more than $400 billion... that's the truth. Not that you want to hear it.
I can't believe what you're saying. Even Faux News admits there was a surplus in the annual budgets.
FROM 2000
Moderator cut: Copyright violation -- please post a link and a "snippet" only, per the Terms of Service.
This has been posted MANY times before. Some still don't get it: [SIZE=4]"The Myth of the Clinton Surplus[/SIZE]
"The government can have a surplus even if it has trillions in debt, but it cannot have a surplus if that debt increased every year. This article is about surplus/deficit, not the debt. However, it analyzes the debt to prove there wasn't a surplus under Clinton.
For those that want a more detailed explanation of why a claimed $236 billion surplus resulted in the national debt increasing by $18 billion, please read this follow-up article"
Complete article: The Myth of the Clinton Surplus
Last edited by Green Irish Eyes; 08-11-2010 at 01:27 AM..
Reason: Edited quoted text
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win/win
Where did you cut and paste it from?
