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Actually cuts in federal spending now would deepen and prolong the recession. If nobody is spending money no economic growth can take place. The time to cut federal spending is AFTER the economy has recovered NOT during a recession.
There's prudent spending to prop up and economy and then there's the spending our government has done in the last 2 years that has done nothing but prop up the GDP for "official" readings.
LOL...please tell me, when do the budgets pass? When was FY 2001 budget passed and when did it run to? And since when do budgets, have to deal with start of recessions? They can address them, but they do not start them directly.
Nice try. But swing and miss...
when was it passed....summer of 2000
FYI...FY starts on Oct1 and runs through Sept 31
FY 2001 was 1 Oct 2000- 31 Sept 2001
Quote:
And since when do budgets, have to deal with start of recessions?
my post was to the FY and the budget ..not the recession...the recession was due to the clinton dot.com bubble....and the nerwest recession is due to the clinton housing bubble...
sorry but you cant refute facts..no matter how much you try to spin
Bush tax cuts took in $2.7 TRILLION dollars less from 2000-2008, than had the tax rates stayed at 2000 levels. That's roughly $337 Million per year less than we should have collected.
Out of those EIGHT years, in SIX of those years income's declined. Out of the two positive income years even when they are combined they only exceed the other six once.
The 2.7 trillion INCLUDES tax cuts to the middle class... get a clue... or are the liberals here suggesting that tax cuts to the middle class should go up in smoke? Who's going to pay for all the public services like welfare, medicaid, etc if the middle class isn't going to contribute? Who?
The 2.7 trillion INCLUDES tax cuts to the middle class... get a clue... or are the liberals here suggesting that tax cuts to the middle class should go up in smoke? Who's going to pay for all the public services like welfare, medicaid, etc if the middle class isn't going to contribute? Who?
The 2.7 trillion INCLUDES tax cuts to the middle class... get a clue... or are the liberals here suggesting that tax cuts to the middle class should go up in smoke? Who's going to pay for all the public services like welfare, medicaid, etc if the middle class isn't going to contribute? Who?
so, let me get this right... You are blaming Bush for costing the American gov't 2.7 trillion dollars worth of tax cuts/ So, that 2.7 trillion went to the U.S citizens, and it is accounted for
But you would rather have had that money deposited into the treasury instead? And, what would Obama's gov't do with an additional 2.7 trillion dollars? Admit it, Obama and the dems have a spending problem.
Bush tax cuts took in $2.7 TRILLION dollars less from 2000-2008, than had the tax rates stayed at 2000 levels. That's roughly $337 Million per year less than we should have collected.
Out of those EIGHT years, in SIX of those years income's declined. Out of the two positive income years even when they are combined they only exceed the other six once.
And the argument for extending Bush tax cuts for the rich....goes up in smoke. ~
The sad thing is that the Republicans have not learnt from bushes regressive tax cuts that got debt to explode they are still promising even more regressive and debt making tax cuts when it comes to taxes the Republican are far from fiscaly conservative.
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