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If he thinks 5% annual growth is good, and that he can just tell the economy to grow at that rate and it will, why didn't he just implement that in Minnesota when he was governor?
I think that would be a state rights issue. States have the right to grow slowly, or not at all.
Oh, good one. But I think I covered that under lame. Should have said... the lame and the ignorant. In this case... because Pawlenty and like know best.
Had revenues grown at the same rate as the overall economy between 2003 and 2006, federal receipts would have increased by only $373 billion. The other $252 billion of the actual increase in revenues represents growth in excess of GDP growth.
Sorry, I'm taking the CBO reports over some anonymous poster with no facts..
Liberals will hate him. The libs crave high unemployment, low wages, and high debt. They literally say that they will vote for Obama, even if he continues to fail miserably in his economic policies. They literally do not care about the quality of the president, as long as he is a democrat!
I am beginning to realize the libs hate all Republicans, it isn't that they even like the Pres or Democrats, they just hate Republicans.
Had revenues grown at the same rate as the overall economy between 2003 and 2006, federal receipts would have increased by only $373 billion. The other $252 billion of the actual increase in revenues represents growth in excess of GDP growth.
Sorry, I'm taking the CBO reports over some anonymous poster with no facts..
I'm sure you would. I also know that if one finishes 48th in a race where 50 participated, he can always claim to be the first among the last three finishers.
And that is the case here. Sure, the revenue grew from 2003 through 2006, but so did revenue from 1992 to 2000, and so did revenues from 1971 to 1981. The revenue grew by a whopping 57% between 1992 and 2000, with Clinton tax policies in place. How much have they grown since Bush tax policies were put in place? How about only 5% through 2007, BEFORE the recession hit and revenues collapsed?
The revenue in 2003 was at 1997 level for goodness sake. Was it supposed to be there? Why, was the economy struggling to recover? The revenue in 2004 was higher than 2003, yes, but it was comparable to or less than the revenue in 1998. The revenue in 2005 was higher than the revenue in 2004 but it was comparable to revenue in 1999.
In other words, the tax cuts reduced revenues, and followed a trend that was lagging behind by 5 years. Here is a list of years where revenues were lower than the previous peak over last 50 years:
1968
1971, 1972
1982, 1983, 1984, 1985
1991, 1992
2001, 2002, 2003, 2004, 2005, 2008, 2009, 2010
That is 17 years out of 50 when revenues were lower than their previous peak. And half of those 17 have occurred since EGTRRA (2001) went into effect.
Last edited by EinsteinsGhost; 06-08-2011 at 08:35 AM..
If he thinks 5% annual growth is good, and that he can just tell the economy to grow at that rate and it will, why didn't he just implement that in Minnesota when he was governor?
I would love to know how so many of you think a governor or a Pres can do all things and all by themselves. Last time I checked it takes state elected reps to pass laws and unless there are more elected reps that believe in what the executive branch in proposing the bills usually die.
I would love to know how so many of you think a governor or a Pres can do all things and all by themselves. Last time I checked it takes state elected reps to pass laws and unless there are more elected reps that believe in what the executive branch in proposing the bills usually die.
Nita
And that is somehow different for a President... how?
Anyone who believes Pawlenty can "make" the economy grow 5% annually is delusional. There are a number of international factors that make that virtually impossible at this point in America's life cycle.
Anyone who believes Pawlenty can "make" the economy grow 5% annually is delusional. There are a number of international factors that make that virtually impossible at this point in America's life cycle.
Well, I sure don't see anyone else brave enough to come up with a plan. I'm all for listening, then make up my mind.
Well, I sure don't see anyone else brave enough to come up with a plan. I'm all for listening, then make up my mind.
Until then you would take anything tossed at you, without questioning it?
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