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Old 02-01-2016, 09:23 AM
 
Location: Salisbury,NC
16,756 posts, read 8,146,291 times
Reputation: 8529

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So we had in recent times the Bush tax cuts ended for the top earners as well as spending cuts which brought down the Deficit (based on yearly budgets not overall debt). The middle and low Bush tax cuts were made permanent.

So now in the last budget under Lyin Ryan we will see an explosion in deficit's.The dream of inflation solving problems. Problem with that is most inflation over the last 40 years was based on the cost of oil. Today we are watching deflation as OPEC pumps oil and the price is creating many issues in the business world.

Nothing like GOP math.
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Old 02-01-2016, 09:42 AM
 
22,768 posts, read 30,645,513 times
Reputation: 14737
Quote:
Originally Posted by hawkeye2009 View Post
Really?

So why is it that the most prosperous cities in the US are conservative and the poorest are liberal cities?
Median income

#1 - San Francisco

#2 - New York

#3 - Washington, DC


these are conservative cities?
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Old 02-01-2016, 11:32 AM
 
29,939 posts, read 39,376,565 times
Reputation: 4798
Quote:
Originally Posted by le roi View Post
Median income

#1 - San Francisco

#2 - New York

#3 - Washington, DC


these are conservative cities?
Honolulu ($81.37)
New York-Newark-Jersey City ($81.83)
San Jose-Sunnyvale-Santa Clara ($81.97)
Bridgeport-Stamford-Norwalk ($82.31)
San Francisco-Oakland-Hayward ($82.44)

That's what $100 is worth in those MSA's.

I know how hard it is for some of you to understand that $1 is not always $1 everywhere on the planet or even in neighboring states. In fact, COL and PPP can vary between counties and cities within the same state where they're right next to each other.
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Old 02-01-2016, 11:36 AM
 
29,939 posts, read 39,376,565 times
Reputation: 4798
Quote:
Originally Posted by Boss View Post
So we had in recent times the Bush tax cuts ended for the top earners as well as spending cuts which brought down the Deficit (based on yearly budgets not overall debt). The middle and low Bush tax cuts were made permanent.

So now in the last budget under Lyin Ryan we will see an explosion in deficit's.The dream of inflation solving problems. Problem with that is most inflation over the last 40 years was based on the cost of oil. Today we are watching deflation as OPEC pumps oil and the price is creating many issues in the business world.

Nothing like GOP math.
If you were honest you'd make sure you mentioned what the largest factors are that are driving our debt. Your crappy Obamacare, your complete and utter instances on avoiding paying for SS and its subsequent programs and your continual fantasies that you seem to dream up nightly while coldly sweating away in la la land.
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Old 02-01-2016, 11:40 AM
 
22,768 posts, read 30,645,513 times
Reputation: 14737
Quote:
Originally Posted by BigJon3475 View Post
Honolulu ($81.37)
New York-Newark-Jersey City ($81.83)
San Jose-Sunnyvale-Santa Clara ($81.97)
Bridgeport-Stamford-Norwalk ($82.31)
San Francisco-Oakland-Hayward ($82.44)

That's what $100 is worth in those MSA's.
Right, because they are prosperous. Prosperous blue cities like the SF MSA, the NYC MSA, and the DC MSA have high costs of living because of all the money that is being made, and all the concentrated wealth.

Which, again, disproves your claim that America's most prosperous cities are "red cities."
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Old 02-01-2016, 12:02 PM
 
58,675 posts, read 26,957,041 times
Reputation: 14146
Quote:
Originally Posted by Cheesesteak Cravings View Post
Can anyone dispute this? What happened to the deficit hawks from the republican party?




Once Upon A Time, Congress Cut Deficits; Now CBO Says That's Over : The Two-Way : NPR
"Can anyone dispute this?"

I do NOT dispute wht the CBO says but, The CBO ONLY scores on the numbers that is sent them in a bill.

They do NOT look at ANYTHING else such as the RAMIFICATION of the bill.

The dems ALWAYS claim, "who is going to PAY for this?", when in reality the market reacts to tax cuts and usually by spending more in the economy which INCREASES revenues.

In the past when we have had big tax cuts, the REVENUE to the fed INCREASED.

" Publication: Business Wire
Date: Friday, January 4 2008

More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record

"WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record. The unemployment rate remains low at 5 percent. The U.S. economy benefits from a solid foundation, but we cannot take economic growth for granted and economic indicators have become increasingly mixed. President Bush will continue working with Congress to address the challenges our economy faces and help facilitate long-term economic growth, job growth, and better standards of living for all Americans.

* Real GDP grew at a strong 4.9 percent annual rate in the third quarter of 2007. The economy has now experienced six years of uninterrupted growth, averaging 2.8 percent a year since 2001.

* Real after-tax per capita personal income has risen by 11.7 percent - an average of more than $3,550 per person - since President Bush took office.

* Over the course of this Administration, productivity growth has averaged 2.6 percent per year. This growth is well above average productivity growth in the 1990s, 1980s, and 1970s.


By 2003, Mr. Bush grasped this lesson. In that year, he cut the dividend and capital gains rates to 15 percent each, and the economy responded. In two years, stocks rose 20 percent. In three years, $15 trillion of new wealth was created. The U.S. economy added 8 million new jobs from mid-2003 to early 2007, and the median household increased its wealth by $20,000 in real terms.



But the real jolt for tax-cutting opponents was that the 03 Bush tax cuts also generated a massive increase in federal tax receipts. From 2004 to 2007, federal tax revenues increased by $785 billion, the largest four-year increase in American history. According to the Treasury Department, individual and corporate income tax receipts were up 40 percent in the three years following the Bush tax cuts. And (bonus) the rich paid an even higher percentage of the total tax burden than they had at any time in at least the previous 40 years. This was news to theNew York Times, whose astonished editorial board could only describe the gains as a “surprise windfall.”

Last edited by Quick Enough; 02-01-2016 at 12:23 PM..
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Old 02-01-2016, 12:10 PM
 
211 posts, read 113,403 times
Reputation: 236
Quote:
Originally Posted by le roi View Post
Right, because they are prosperous. Prosperous blue cities like the SF MSA, the NYC MSA, and the DC MSA have high costs of living because of all the money that is being made, and all the concentrated wealth.

Which, again, disproves your claim that America's most prosperous cities are "red cities."
TIL Wall Street and big business, the entities that generate all of that wealth in big cities, are left-wing.
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Old 02-01-2016, 12:29 PM
 
22,768 posts, read 30,645,513 times
Reputation: 14737
Quote:
Originally Posted by RyogaH View Post
TIL Wall Street and big business, the entities that generate all of that wealth in big cities, are left-wing.
TIL Wall Street is in San Francisco and Washington, D.C.
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Old 02-01-2016, 12:35 PM
 
Location: Eastern UP of Michigan
1,204 posts, read 868,799 times
Reputation: 1292
Quote:
Originally Posted by BigJon3475 View Post
If you were honest you'd make sure you mentioned what the largest factors are that are driving our debt. Your crappy Obamacare, your complete and utter instances on avoiding paying for SS and its subsequent programs and your continual fantasies that you seem to dream up nightly while coldly sweating away in la la land.
And of course we can add the 1.3 TRILLION dollars spent on the F-35 which still isn't done, seven years past schedule.
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Old 02-01-2016, 01:36 PM
 
41,815 posts, read 50,868,443 times
Reputation: 17863
Quote:
Originally Posted by Cheesesteak Cravings View Post
From Article:

For six straight years, Americans watched their government's borrowing shrink.
The problem with this comment is they are using 2009 as a baseline when the deficit ballooned to something like 1.3 trillion.

This is like maxing the CC out one year and then almost maxing it out the next year claiming you are spending less.
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