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All of them believe that no matter how much money they make and how little other folks make...they're still not rich enough.
During the 1990's the Clinton administration increased tax rates back to where they were before Reagan cut them and quadrupled the national debt. During those years we not only balanced the annual budget but had a clear route to paying off the debt, the total debt by 2012.
George W. Bush took over a balanced budget and immediately cut taxes with the upper 1% of taxpayers getting half of the total. During the next eight years rich people made out like bandits and the Bush administration ran the economy into a ditch.
I believe that effective immediately all youngsters should have to serve in the military for three years during the age group of 18-23 and that there should be NO deferments. NO rich people's influence should be allowed to exempt their children, grandchildren, nephews, neices, arsehole cousins or any of their good buddies from serving.
This country is in the worst condition I've ever seen it
Mr George I am in favor of low taxes. Class envy is childish. The more money my boss makes the more I make. Ever worked for a poor man?
George doesn't define "rich", but I must be "rich" because I don't want high taxes, government waste, billions spent on porkbarrel projects, and political paybacks for partisan contributions. When I can see government being frugal with the taxes I pay instead of wasting it on projects designed to pay back contributors, feather ones own political nest, or buying votes with social giveaway programs, then I'll agree to higher taxes.
It's not just the feds, it is waste throughout every level of government. When they tighten their collective belts, then they won't need more money.
I believe the rich are getting tired of paying over half of all the income taxes in this country. Which is only human nature.
I agree this class envy going on in this country is not good. Instead of focusing on hating the rich why not focus on trying to be rich yourself or how about just being happy with your own life or choices. Before you look back and realize you wasted your life being ticked off at a rich man instead of smiling and being happy with your own life.
Mr George I am in favor of low taxes. Class envy is childish. The more money my boss makes the more I make. Ever worked for a poor man?
Yes many times they are called small business owners and they are not rich. As a matter of fact many are living month to month. Or maybe you just don't count the jobs they provide.
During the 1990's the Clinton administration increased tax rates back to where they were before Reagan cut them and quadrupled the national debt. During those years we not only balanced the annual budget but had a clear route to paying off the debt, the total debt by 2012.
Clinton did NOT balance the budget.. The national debt went up EVER YEAR during the Clinton term...
All of them believe that no matter how much money they make and how little other folks make...they're still not rich enough.
During the 1990's the Clinton administration increased tax rates back to where they were before Reagan cut them and quadrupled the national debt. During those years we not only balanced the annual budget but had a clear route to paying off the debt, the total debt by 2012.
George W. Bush took over a balanced budget and immediately cut taxes with the upper 1% of taxpayers getting half of the total. During the next eight years rich people made out like bandits and the Bush administration ran the economy into a ditch.
I believe that effective immediately all youngsters should have to serve in the military for three years during the age group of 18-23 and that there should be NO deferments. NO rich people's influence should be allowed to exempt their children, grandchildren, nephews, neices, arsehole cousins or any of their good buddies from serving.
This country is in the worst condition I've ever seen it
As you can see prior to Reagan taking office the top marginal rate was 70% by the end of his term it was 28%. Clinton's highest top marginal rate was 39%. Clinton had the advantage of presiding through the internet bubble. He reaped the benefits and dodged the fallout.
Having lived through the 70's they were probably worse. But the debt Obama is running up has the potential to sink the country.
"With the government saddled with spending commitments for the next three decades, only politically toxic cuts or rationing of medical care, a marked rise in the eligible age for health and retirement benefits, or significant inflation, can close the deficit, according to Greenspan. "I rule out large tax increases that would sap economic growth and accordingly achieve little added revenues," he said."
George doesn't define "rich", but I must be "rich" because I don't want high taxes, government waste, billions spent on porkbarrel projects, and political paybacks for partisan contributions. When I can see government being frugal with the taxes I pay instead of wasting it on projects designed to pay back contributors, feather ones own political nest, or buying votes with social giveaway programs, then I'll agree to higher taxes.
It's not just the feds, it is waste throughout every level of government. When they tighten their collective belts, then they won't need more money.
Total U S Debt
09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)
09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)
09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)
09/30/2002 $6,228,235,965,597.16
09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)
09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)
09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)
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