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Old 05-08-2013, 07:38 AM
 
Location: Florida
77,015 posts, read 47,418,296 times
Reputation: 14806

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Quote:
Originally Posted by RD5050 View Post
Our recovery is happening because Obama and the Dems worked hard at making it happen!

The annual deficit is down because Dems fought against extending Bush tax cuts for the wealthy.

You remember ... those tax cuts which started shortly after Bush took office ... which helped to run up our current 16 Trillion Nation Debt?

Bush tax cuts - Wikipedia, the free encyclopedia
Those tax cuts combined with the refusal to adjust spending was by far the largest reason for the debt run-up, but you will never hear a Bush supporter admit that fact.

 
Old 05-08-2013, 07:40 AM
 
69,368 posts, read 63,940,741 times
Reputation: 9383
Quote:
Originally Posted by MTAtech View Post
First, the dollar hasn't fallen in recent times, so that makes your first argument moot..
All of that debt needs repaid along with the interest, which will result in NEGATIVE GDP growth.
Quote:
Originally Posted by MTAtech View Post
Second, the debt does not result in 'negative GDP.' Think of it this way, the economy is operating at below potential GDP. As such, there are idle resources and lots of uninvested money. Thus, when the government borrows that uninvested money it is not crowding out private investment.
Oh bull crap. if government spending ads to the GDP and positive to you, then clearly government not spending, returning that money back to the investors through interest rate payments would lower the GDP..
Quote:
Originally Posted by MTAtech View Post
Third, the borrowed money puts people to work and employs people who then spend their earnings. Those earnings buy goods and services that put others to work. All of those workers pay taxes they weren't otherwise paying, that more than pays for the interest on the original borrowing.
Then why do we have trillion dollar deficits and why do you moan over Bush deficits that were 1/5th the size of Obamas

hypocrite
 
Old 05-08-2013, 07:40 AM
 
Location: Home, Home on the Front Range
25,826 posts, read 20,633,566 times
Reputation: 14818
Quote:
Originally Posted by pghquest View Post
or more likely, your understanding of whats needed to have a recovery is totally screwed up and ridiculous.

CUTTING SPENDING DOES NOT CRASH THE ECONOMY..
One word for you: "Europe."
 
Old 05-08-2013, 07:44 AM
 
69,368 posts, read 63,940,741 times
Reputation: 9383
Quote:
Originally Posted by RD5050 View Post
Our recovery is happening because Obama and the Dems worked hard at making it happen!

The annual deficit is down because Dems fought against extending Bush tax cuts for the wealthy.

You remember ... those tax cuts which started shortly after Bush took office ... which helped to run up our current 16 Trillion Nation Debt?

Bush tax cuts - Wikipedia, the free encyclopedia
You dont know what you're talking about.

Fiscal Cliff Averted, but Payroll Tax Cut Not Extended | InvestorPlace

While the higher income tax rate is confined to a small percentage of U.S. taxpayers, the return to a higher Social Security payroll tax rate will hit 77% of American households. Households with incomes between $40,000 and $50,000 will pay about $579 more in taxes this year, while households with incomes between $50,000 and $75,000 will see their taxes rise by $822.

Its tax increases on middle class americans bringing in the money
 
Old 05-08-2013, 07:45 AM
 
Location: Long Island, NY
19,792 posts, read 13,902,388 times
Reputation: 5661
Quote:
Originally Posted by pghquest View Post
btw, the funniest part of all of this, you guys are saying Democrats were "extremely successful" at cutting the deficits.. goes to show you how much of a tool you guys are.. They are still 3 1/2 times the size of deficits under Bush, which you guys blamed for crashing the economy.

So Republican deficits bad, Democratic deficits good..

Anyone can cut their deficits if they massivly increase them first.
The idea that one can advocate not running deficits when economic times had a 5% unemployment rate and then advocating running deficits when the UE rate is 7.5% is somehow hypocrisy, is a bankrupt idea on its face and needs no further explanation.

I saw you driving your car the other day. You braked when the light was red and you accelerated when it was green. You hypocrite -- either brake or go!
 
Old 05-08-2013, 07:45 AM
 
Location: Home, Home on the Front Range
25,826 posts, read 20,633,566 times
Reputation: 14818
Quote:
Originally Posted by pghquest View Post
Who's whining? Pointing out that Democrats projected that the economy was going to crash due to the sequester, that jobs were going to be lossed, etc isnt whining. You dont like me pointing out how your economic theories are not only wrong, but utterly stupid, tough.

The economy will grow when GOVERNMENT stops interjecting itself into the economy. So if you are now saying Republicans are responsible for that stoppage, crediting Democrats is pretty dam dumb.
Jobs are being lost due to the sequester. Stop being dishonest.
This report does not, nor could it, reflect something that hadn't happened yet.

As for the rest, whatever.
 
Old 05-08-2013, 07:47 AM
 
69,368 posts, read 63,940,741 times
Reputation: 9383
Quote:
Originally Posted by TigerLily24 View Post
One word for you: "Europe."
Europe has a DEBT crisis.. caused by TOO MUCH SPENDING,

European debt crisis could last a decade, warns Bundesbank chief Jens Weidmann - Telegraph
 
Old 05-08-2013, 07:48 AM
 
Location: Long Island, NY
19,792 posts, read 13,902,388 times
Reputation: 5661
Quote:
Originally Posted by pghquest View Post
Then why do we have trillion dollar deficits and why do you moan over Bush deficits that were 1/5th the size of Obamas

hypocrite
See post# 45 in this thread. Oh, we don't have trillion dollar deficits but we used to. That's the point of this thread.

Moreover, many including myself credit activist monetary and fiscal policy for keeping the economy of five years ago from being a repeat of the Great Depression. Those same people said that the stimulus should have been much bigger at the time and would have had a greater reversal of the bad economy.
 
Old 05-08-2013, 07:49 AM
 
Location: Great State of Texas
86,052 posts, read 84,260,642 times
Reputation: 27718
Quote:
Originally Posted by TigerLily24 View Post
Jobs are being lost due to the sequester. Stop being dishonest.
This report does not, nor could it, reflect something that hadn't happened yet.

As for the rest, whatever.
The cuts were to future increases.
Current spending didn't get cut..just the amount of their increase got cut.
 
Old 05-08-2013, 07:50 AM
 
69,368 posts, read 63,940,741 times
Reputation: 9383
Quote:
Originally Posted by TigerLily24 View Post
Jobs are being lost due to the sequester. Stop being dishonest.
This report does not, nor could it, reflect something that hadn't happened yet.

As for the rest, whatever.
Then why not borrow $50 TRILLION DOLLARS and put everyone back to work? If jobs are being lost then why are the unemployment numbers dropping? Try again
Quote:
Originally Posted by MTAtech View Post
The idea that one can advocate not running deficits when economic times had a 5% unemployment rate and then advocating running deficits when the UE rate is 7.5% is somehow hypocrisy, is a bankrupt idea on its face and needs no further explanation.

I saw you driving your car the other day. You braked when the light was red and you accelerated when it was green. You hypocrite -- either brake or go!
Its complete hypocracy when you support policies that have the opposite effect of their intended results.

Once again, find me ONE TOWN that is seeing prosperity due to increased welfare spending. Backup your claim.. There are tens of thousands of towns, it shouldnt be difficult for you.
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