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Spending money causes debt. One cannot point a finger at "tax cuts" while not also looking at spending simultaneously. But, I suspect progressives who are stuck on spending other peoples money only see a problem with the purse strings being taken away from them instead at their own irresponsible behavior.
True, but what you seem to forget, is that SPENDING MONEY...let's see what happened in 2003...hmmm...and not bringing in what you're sending out IS WHAT CAUSES DEBT.
Forgoing paying debt now, so that you can spend now, and just move the debt numbers around IS WHAT CAUSES LARGER DEBT.
But I suspect that conservatives who are stuck on spending other peoples money, and taking money from Corporate muckrackers in order to increase the tab paid by the American citizen, while lessening the tab to those who are more represented and less penalized see only their influence, corporate paid homes and junkets and tables at D.C. restaurants and other status symbols of power being taken away, while the average American citizen worries about making the house payments, and how their children will get medical coverage and if they'll have a job to go to the next day.
There is the difference between progressives who wish to care for America, and conservatives who wish to ***** themselves out to CORPORATE America.
maybe Clinton should have invested some of that surplus into our military and anti-terror operations? would we have prevented 9-11?
Clinton could have spent TRILLIONS of dollars all through out his presidency, and nothing would have prevented 9-11. Simply b/c Bush was on the watch, and was sitting for 11 minutes...DOING NOTHING.
You can have all the hardware and military on stand by alert, yet if the watchman is sleeping...no one gets the word. Bush and his cronies and failure of a staff failed on 9-11. No one else.
It takes about 19 months for jobs to pick back up after a recession has occurred.
Says who?
Quote:
Originally Posted by txgolfer130
Oh, and the deficit was $160 billion in '06, BECAUSE...BILLIONS of debt and future payments were deferred to 2010, SIMPLY FOR THE FACT THAT THE MONEY WOULD BE KEPT OFF THE BOOKS.
For the record, it was FY07 that posted a budget deficit of only $160 billion. 2006 was nearly $250 billion. The deficit fell because tax revenues spiked $400 billion between 2005 and 2007. And just so you know, the budget returned to surplus in early 2007;
For the record, it was FY07 that posted a budget deficit of only $160 billion. 2006 was nearly $250 billion. The deficit fell because tax revenues spiked $400 billion between 2005 and 2007. And just so you know, the budget returned to surplus in early 2007;
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.
Though most Americans have been indoctrinated to believe that dollar bills are dollars, in law, they are not.
What you are referring to as "dollars" are repudiated debt instruments of a bankrupted Congress, kiting bad checks, and using 305 million "human resources" and their property as collateral on those bad checks.
That they have confused us for generations, is a testament to the power of the world's greatest propaganda ministry. And since all the facts are in the public record, in any county courthouse law library, it's not a conspiracy. They are secure due to widespread apathy and ignorance.
In another sense, because the notes are legal tender, they are "backed" by all the goods and services in the U.S. economy; they have value because the public may exchange them for valued goods and services in the U.S. economy.
In other words, EVERYTHING YOU THOUGHT WAS YOURS, is backing those worthless, nonredeemable notes, via FICA - a voluntary act on your part.
SMILE!
You've been conned by the best Congress bribery can buy.
For the record, it was FY07 that posted a budget deficit of only $160 billion. 2006 was nearly $250 billion. The deficit fell because tax revenues spiked $400 billion between 2005 and 2007. And just so you know, the budget returned to surplus in early 2007;
Unless you have a source for your conspiracy theory, I suggest you drop the subject.
FOR ONE YEAR. Every other year in Bush's tenure ran a deficit. Nice attempt at cherry picking...if that's all you've got you should move on or drop it, cause I'll hammer you like a rusty nail w/ cherry picked facts like that.
And if you didn't see the source listed...it's just one. You can check the CBO, NBER and others. But I won't do your research for you.
FOR ONE YEAR. Every other year in Bush's tenure ran a deficit. Nice attempt at cherry picking...if that's all you've got you should move on or drop it, cause I'll hammer you like a rusty nail w/ cherry picked facts like that.
And if you didn't see the source listed...it's just one. You can check the CBO, NBER and others. But I won't do your research for you.
In other words, you can't prove it. You make an outrageous claim about everything in 2007 being pushed to 2010, therefore the burden of proof is on you.
What you are referring to as "dollars" are repudiated debt instruments of a bankrupted Congress, kiting bad checks, and using 305 million "human resources" and their property as collateral on those bad checks.
That they have confused us for generations, is a testament to the power of the world's greatest propaganda ministry. And since all the facts are in the public record, in any county courthouse law library, it's not a conspiracy. They are secure due to widespread apathy and ignorance.
In another sense, because the notes are legal tender, they are "backed" by all the goods and services in the U.S. economy; they have value because the public may exchange them for valued goods and services in the U.S. economy.
In other words, EVERYTHING YOU THOUGHT WAS YOURS, is backing those worthless, nonredeemable notes, via FICA - a voluntary act on your part.
SMILE!
You've been conned by the best Congress bribery can buy.
It's all a house of cards, but it is one of the only ways to make sure the "elite" and shadow government can not completely take over. It's been tried at least once already against FDR. I'm sure there have been plans and other failed spurts to start. We shall see if it indeed occurs again. I know the elite are restless and concerned about their flailing influence.
you are making a false conclusion. dont forget that there was a recession that started during the clinton administration, and then there were the attacks on 9/11, and the resulting further downturn in the economy. once the economy turned around, tax revenues were back on the rise, in fact the deficit in 2006 was $160 billion.
The point isn't that tax revenues rose it's that the tax cuts combined with the war with Iraq blew a hole in the federal deficit.
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