|
|
Joined: May 2003
Posts: 14,203
1 Millionth Customer 10000+ posts
|
|
1 Millionth Customer 10000+ posts
Joined: May 2003
Posts: 14,203 |
We had a surplus which is now gone.
We lowered taxes (which lowers money coming into the government).
Then we spent $200 billion on a war, and have another Xbillion bill in the south for Hurricane recovery.
Yet Bush maintains the tax cuts. Kerry wanted to return the taxes to Clinton levels (which would effect mainly the rich as the average american got back like 300 a year).
Explain how this won't lead to Terminator like nuclear war.
Bow ties are coool.
|
|
|
|
|
Joined: May 2003
Posts: 10,919 Likes: 28
Doog the MIGHTY 10000+ posts
|
|
Doog the MIGHTY 10000+ posts
Joined: May 2003
Posts: 10,919 Likes: 28 |
Because Harlan Ellison would be pissed if a time traveling soldier came back from the future and he wasn't given credit?
|
|
|
|
|
Joined: Oct 2000
Posts: 53,734 Likes: 2
Educator to comprehension impaired (JLA, that is you) 50000+ posts
|
|
Educator to comprehension impaired (JLA, that is you) 50000+ posts
Joined: Oct 2000
Posts: 53,734 Likes: 2 |
I'm hardly rich but I pay $3000 less a year under Bush. I'm sure John Kerry would have funded some nice art exhibit somewhere with my money, but if it's all the same I'd like to keep it.
|
|
|
|
|
Joined: Jun 2003
Posts: 15,894 Likes: 52
Fair Play! 15000+ posts
|
|
Fair Play! 15000+ posts
Joined: Jun 2003
Posts: 15,894 Likes: 52 |
Quote:
britneyspearsatemyshorts said:
I'm hardly rich but I pay $3000 less a year under Bush. I'm sure John Kerry would have funded some nice art exhibit somewhere with my money, but if it's all the same I'd like to keep it.
I doubt it. Kerry would have been too busy undoing the damage Bush has done to this country. Under Clinton the poverty rate decreased every year. Under Bush it's increased every year. That would be less people buying things that you might sell or hold stock in. Enjoy that 3000 less now because we've got the Iraq war & a neglected infrastructure to pay for later with interest.
Fair play!
|
|
|
|
|
Joined: Sep 2003
Posts: 30,833 Likes: 7
The conscience of the rkmbs! 15000+ posts
|
|
The conscience of the rkmbs! 15000+ posts
Joined: Sep 2003
Posts: 30,833 Likes: 7 |
Quote:
Matter-eater Man said:
Under Bush it's increased every year. That would be less people buying things that you might sell or hold stock in.
I'm sure it's been brought up many a time (and, not surprisingly, forgotten), but Bush was not responsible for the deficit. Clinton was. Just as Bush got into office, the economy went down the drain--Before he had time to do anything. Then, when Bush was proposing plans to fix it, 9/11 hit.
Stop being an ass-jack and blaming Bush for every goddamn thing.
|
|
|
|
|
Joined: Oct 2000
Posts: 53,734 Likes: 2
Educator to comprehension impaired (JLA, that is you) 50000+ posts
|
|
Educator to comprehension impaired (JLA, that is you) 50000+ posts
Joined: Oct 2000
Posts: 53,734 Likes: 2 |
You give the typical homosexual response, doesn't that bother you?
|
|
|
|
|
Joined: Oct 2000
Posts: 53,734 Likes: 2
Educator to comprehension impaired (JLA, that is you) 50000+ posts
|
|
Educator to comprehension impaired (JLA, that is you) 50000+ posts
Joined: Oct 2000
Posts: 53,734 Likes: 2 |
you know my response worked just as well for pariah as matter-eater man.
|
|
|
|
|
Joined: Sep 2003
Posts: 30,833 Likes: 7
The conscience of the rkmbs! 15000+ posts
|
|
The conscience of the rkmbs! 15000+ posts
Joined: Sep 2003
Posts: 30,833 Likes: 7 |
|
|
|
|
|
Joined: Jun 2003
Posts: 15,894 Likes: 52
Fair Play! 15000+ posts
|
|
Fair Play! 15000+ posts
Joined: Jun 2003
Posts: 15,894 Likes: 52 |
Pariah, there was a surplus when Clinton was in office. Considering the growth of the US economy during the Clinton years, you'll have to do more than just repeat untrue statements over & over. In case you haven't heard Bush is doing the deficit spending. Keeping us safe from Iraq has been spendy.
Fair play!
|
|
|
|
|
Joined: Oct 2003
Posts: 7,251
6000+ posts
|
|
6000+ posts
Joined: Oct 2003
Posts: 7,251 |
Quote:
Pariah, there was a surplus when Clinton was in office.
No there wasn't.
Putting the "fun" back in Fundamentalist Christian Dogma.
" I know God exists because WBAM told me so. " - theory9
JLA brand RACK points = 514k 
|
|
|
|
|
Joined: Sep 2003
Posts: 30,833 Likes: 7
The conscience of the rkmbs! 15000+ posts
|
|
The conscience of the rkmbs! 15000+ posts
Joined: Sep 2003
Posts: 30,833 Likes: 7 |
Quote:
Matter-eater Man said:
Pariah, there was a surplus when Clinton was in office.
Which degenerated because of Clinton. He created the surplus (I think), but he also created the deficit you're trying to pin on Bush.
|
|
|
|
|
Joined: Oct 2003
Posts: 7,251
6000+ posts
|
|
6000+ posts
Joined: Oct 2003
Posts: 7,251 |
Quote:
Pariah said:
Quote:
Matter-eater Man said:
Pariah, there was a surplus when Clinton was in office.
Which degenerated because of Clinton. He created the surplus (I think), but he also created the deficit you're trying to pin on Bush.
Before trying to explain the "surpluss", please refer to my previous post.
Putting the "fun" back in Fundamentalist Christian Dogma.
" I know God exists because WBAM told me so. " - theory9
JLA brand RACK points = 514k
|
|
|
|
|
Joined: Jun 2003
Posts: 15,894 Likes: 52
Fair Play! 15000+ posts
|
|
Fair Play! 15000+ posts
Joined: Jun 2003
Posts: 15,894 Likes: 52 |
Quote:
wannabuyamonkey said:
Quote:
Pariah said:
Quote:
Matter-eater Man said:
Pariah, there was a surplus when Clinton was in office.
Which degenerated because of Clinton. He created the surplus (I think), but he also created the deficit you're trying to pin on Bush.
Before trying to explain the "surpluss", please refer to my previous post.
No wonder this country is in such bad shape 
I'm not even going to ask you guys to back up your conflicting partisan rhetoric.
Fair play!
|
|
|
|
|
Joined: May 2003
Posts: 14,203
1 Millionth Customer 10000+ posts
|
|
1 Millionth Customer 10000+ posts
Joined: May 2003
Posts: 14,203 |
Quote:
britneyspearsatemyshorts said:
I'm hardly rich but I pay $3000 less a year under Bush. I'm sure John Kerry would have funded some nice art exhibit somewhere with my money, but if it's all the same I'd like to keep it.
but we can't spend more money and cut the intake of funds at the same time.
either it's war on terror and hurricane relief or tax cuts.
it's like you saying you'll take a paycut at work and then pay more rent buy a new car.
Bow ties are coool.
|
|
|
|
|
Joined: Oct 2000
Posts: 5,203
betrayal and collapse 5000+ posts
|
|
betrayal and collapse 5000+ posts
Joined: Oct 2000
Posts: 5,203 |
Quote:
britneyspearsatemyshorts said:
I'm hardly rich but I pay $3000 less a year under Bush. I'm sure John Kerry would have funded some nice art exhibit somewhere with my money, but if it's all the same I'd like to keep it.
That art...that art was coming to my town. 
|
|
|
|
|
Joined: Oct 2000
Posts: 5,203
betrayal and collapse 5000+ posts
|
|
betrayal and collapse 5000+ posts
Joined: Oct 2000
Posts: 5,203 |
Quote:
britneyspearsatemyshorts said:
You give the typical homosexual response, doesn't that bother you?
I'm getting better, aren't I?
|
|
|
|
|
Joined: Sep 2003
Posts: 30,833 Likes: 7
The conscience of the rkmbs! 15000+ posts
|
|
The conscience of the rkmbs! 15000+ posts
Joined: Sep 2003
Posts: 30,833 Likes: 7 |
Quote:
Matter-eater Man said:
No wonder this country is in such bad shape
I'm not even going to ask you guys to back up your conflicting partisan rhetoric.
There's nothing conflicting about it. Either way, Clinton's guilty of causing a deficit. Stop clutching to technicalities.
Last edited by Pariah; 2005-09-24 5:08 AM.
|
|
|
|
|
Joined: Oct 2000
Posts: 5,203
betrayal and collapse 5000+ posts
|
|
betrayal and collapse 5000+ posts
Joined: Oct 2000
Posts: 5,203 |
Quote:
Historically, the United States government has tended to spend more than it takes in, with national debt that was close to $1,000,000,000 at the beginning of the 20th century. The budget for most of the 20th century followed a pattern of deficits during wartime and economic crises, and surpluses during periods of peacetime economic expansion. This pattern broke from fiscal years 1970 to 1997; although the country was nominally at peace during most of this time, the federal budget deficit accelerated, topping out (in absolute terms) at $290 billion for 1992. In 1998 - 2001, however, gross revenues exceeded expenditures. Subsequently the budget has returned to a deficit basis; the estimated U.S. deficit for fiscal year 2004 was $412.6 billion.
(From Wikipedia)
...you tell stories, we tell lies.
|
|
|
|
|
Joined: Sep 2003
Posts: 30,833 Likes: 7
The conscience of the rkmbs! 15000+ posts
|
|
The conscience of the rkmbs! 15000+ posts
Joined: Sep 2003
Posts: 30,833 Likes: 7 |
Yep. Exactly when Clinton got out of office, we went straight back into debt again without Bush having done anything yet.
|
|
|
|
|
Joined: Oct 2000
Posts: 5,203
betrayal and collapse 5000+ posts
|
|
betrayal and collapse 5000+ posts
Joined: Oct 2000
Posts: 5,203 |
Frankly, he didn't have a chance. He was doing a lot of interesting, but small, things to build the economy when 9/11 hit.
|
|
|
|
|
Joined: Nov 2000
Posts: 6,377
6000+ posts
|
|
6000+ posts
Joined: Nov 2000
Posts: 6,377 |
1 for you, 6.3 million for Bush...
1 more for you, 8.9 million for Bush...
No more for you + a $1.39 increase in gas prices, 14.3 million for Bush...
There! That explains Bushconomics that even the simple-minded among us can understand!
-----once over and twice twisted---------
|
|
|
|
|
Joined: Sep 2003
Posts: 30,833 Likes: 7
The conscience of the rkmbs! 15000+ posts
|
|
The conscience of the rkmbs! 15000+ posts
Joined: Sep 2003
Posts: 30,833 Likes: 7 |
Now if only it wasn't a "simple-minded" individual who wrote it out.
|
|
|
|
|
Joined: May 2003
Posts: 43,952 Likes: 6
Officially "too old for this shit" 15000+ posts
|
|
Officially "too old for this shit" 15000+ posts
Joined: May 2003
Posts: 43,952 Likes: 6 |
Quote:
r3x29yz4a said:
We had a surplus which is now gone.
We lowered taxes (which lowers money coming into the government).
Cutting taxes often leads to more, not less, revenue for the government.
Coolidge cut tax rates in the 1920s, Kennedy cut marginal tax rates in the 1960s, and Reagan cut them in the 1980s.
Under Coolidge, marginal tax rates were cut from the top rate of 73% to 25%. The economy rewarded this policy by expanding 59% from 1921 to 1929. Revenues received by the federal treasury increased from $719 million in 1921 to more than $1.1 billion 1929. That's a 61% increase (there was zero inflation in this period).
Under Kennedy, marginal tax rates were cut from a top rate of 91% to 70%. In real dollar terms, the economy grew by 42%, an average of 5 percent a year from 1961 to 1965. Tax revenue to the U.S. Treasury increased by 62%. Adjusted for inflation, they rose by one-third.
Under Reagan, marginal tax rates were cut from a top of 70% to 28%. Revenues (from all taxes) to the U.S. Treasury nearly doubled. According to the Budget of the U.S. Government, FY 1997, Office of Management and Budget. Revenues increased from roughly $500 billion in 1980 to $1.1 trillion in 1990.
Furthermore, there is a correlation between the Bush and Clinton tax hikes and a change in the revenue received by the Treasury. Martin Feldstien, professor of economics at Harvard, estimates that the U.S. Treasury would have collected two-thirds more revenue during the first three years of the Clinton presidency had his administration NOT raised taxes.
Source: mackinac Center for Public Policy
Published: 1997
Quote:
theory9 said:
In 1998 - 2001 gross revenues exceeded expenditures.
The surplus which began in 1998 followed tax cuts in 1997.
In 1997, President Clinton, in response to GOP pressure, lowered the statutory capital gains tax to 20% from 28% in 1997 while expanding Roth IRA accounts.
Source: The Taxing Truth
By Michael Darda, economist at Polyconomics, Inc.
March 1, 2001 9:55 a.m
|
|
|
|
|
Joined: Jun 2003
Posts: 15,894 Likes: 52
Fair Play! 15000+ posts
|
|
Fair Play! 15000+ posts
Joined: Jun 2003
Posts: 15,894 Likes: 52 |
Quote:
Pariah said:
Yep. Exactly when Clinton got out of office, we went straight back into debt again without Bush having done anything yet.
Part of the problem was that during the good years, both parties pushed through some deregulation that allowed for companies like Enron to fuck us all over. Clinton as I've pointed out on other threads tried stopping that from happening.
I think G-man illustrates the problem of this current President with his post. Clinton wasn't just about raising taxes no matter what. Same thing with Bush Senior. Taxes were adjusted as to what was deemed best for the economy. With Bush Jr. the solution has always been increased spending while cutting taxes, no matter what. It's just so sad that the growth occurring these days is in the poverty rate.
Fair play!
|
|
|
|
|
Joined: Oct 2000
Posts: 5,203
betrayal and collapse 5000+ posts
|
|
betrayal and collapse 5000+ posts
Joined: Oct 2000
Posts: 5,203 |
What G-Man's excellent post neglected to point out is that Presidents on both sides of the pulpit tend to spend wildly in their last year so as to appear favorable to their constituents and fellow party members. Hence, the deficit that Clinton inherited in 1992 was more than Gulf War I--it was more porkbarrel legislation.
|
|
|
|
|
Joined: May 2003
Posts: 43,952 Likes: 6
Officially "too old for this shit" 15000+ posts
|
|
Officially "too old for this shit" 15000+ posts
Joined: May 2003
Posts: 43,952 Likes: 6 |
And even more on point would be the fact that members of both parties in congress spend pork even more wildly. Which is probably the real reason for a deficit.
|
|
|
|
|
Joined: Oct 2000
Posts: 5,203
betrayal and collapse 5000+ posts
|
|
betrayal and collapse 5000+ posts
Joined: Oct 2000
Posts: 5,203 |
|
|
|
|
|
Joined: May 2005
Posts: 1,657
1500+ posts
|
|
1500+ posts
Joined: May 2005
Posts: 1,657 |
Quote:
theory9 said:
Quote:
Historically, the United States government has tended to spend more than it takes in, with national debt that was close to $1,000,000,000 at the beginning of the 20th century. The budget for most of the 20th century followed a pattern of deficits during wartime and economic crises, and surpluses during periods of peacetime economic expansion. This pattern broke from fiscal years 1970 to 1997; although the country was nominally at peace during most of this time, the federal budget deficit accelerated, topping out (in absolute terms) at $290 billion for 1992. In 1998 - 2001, however, gross revenues exceeded expenditures. Subsequently the budget has returned to a deficit basis; the estimated U.S. deficit for fiscal year 2004 was $412.6 billion.
(From Wikipedia)
So how did Clinton get those deficits down in the first place? To begin with he increased taxes - that bastard! But if you weren't in he top 1.5% of households, the income tax didn't bother you. The gas tax was inreased such that the average family of four would have to pay $36 in new taxes per year! Flogging is to good for the likes of them! Finally, the coup de gras on America was an increase in the Social Security tax on the top 15% of wage earners! The wealthy was wear'n rags on that day, I tell you! 
But wait! That was just to stem the bleeding they inherited in the GB I's last proposed Federal budget.
Then those Clintonista pirates really went to work! Under the leadership of that know-nothing scoundral, Robert Rubin, formerly a partner at Goldman, Sachs (this man took a pay cut of $26 Million dollars a year just so he could hurt America!) the Clintonistas then took secret measures on the deficit.
Acting just like the Corporate Finance wizards they had been in private life, they proceeded to Restructure the Debt! These Democrats know no shame! They started issuing increased levels of short term debt, T-Bills, and using the proceeds to retire the expensive long term bond debt issued over the years by the Good Republican Adimistrations that preceeded them! How did this diabolical little scheme work? THEY RELIED ON A NORMAL YIELD CURVE.  Clintonista thuggery at it's height! Hillary must be responsible along with that NYC Jew boy, Rubin!
BTW If you don't believe me you can read memoirs of participants or dig through data at The Fed, which is a nightmare. I happened to work on a bond trading desk from '93 to '01 and remember how it went down. It's available on Bloomberg and probably Lexus/Nexus (not the cars, BSAMS, the database services). Get out your credit cards! 
"Conservatives are not necessarily stupid, but most stupid people are conservatives." John Stuart Mill
America is the only country that went from barbarism to decadence without civilization in between. Oscar Wilde
He who dies with the most toys is nonetheless dead.
|
|
|
|
|
Joined: May 2005
Posts: 1,657
1500+ posts
|
|
1500+ posts
Joined: May 2005
Posts: 1,657 |
Quote:
britneyspearsatemyshorts said:
I'm hardly rich but I pay $3000 less a year under Bush. I'm sure John Kerry would have funded some nice art exhibit somewhere with my money, but if it's all the same I'd like to keep it.
Wow, Bush really increased the Earned Income Tax Credit a lot, didn't he?
"Conservatives are not necessarily stupid, but most stupid people are conservatives." John Stuart Mill
America is the only country that went from barbarism to decadence without civilization in between. Oscar Wilde
He who dies with the most toys is nonetheless dead.
|
|
|
|
|
Joined: Oct 2003
Posts: 7,251
6000+ posts
|
|
6000+ posts
Joined: Oct 2003
Posts: 7,251 |
Quote:
magicjay38 said:
the coup de gras on America was an increase in the Social Security tax on the top 15% of wage earners! The wealthy was wear'n rags on that day, I tell you!
I't funny that you point this out because it's your side that claims all Republicans care about is teh ritch and the Dems are alwayse looking out for the little guy. You make that oh so witty comment about the ritch as though it's been the rights position that we care only for the wealthy, but then you flippantly ignore BSAMS pointing out that the people who truly bennifit from the tax cuts are us the working smoes. But I love how you the self proclaimed limo liberal keep on looking out for the little guy.
(deffinition- Limozeen* liberal: "I made all my money and the last thing I want is competition from the cattle")
*Intentional misspelling
Putting the "fun" back in Fundamentalist Christian Dogma.
" I know God exists because WBAM told me so. " - theory9
JLA brand RACK points = 514k
|
|
|
|
|
Joined: Jun 2003
Posts: 15,894 Likes: 52
Fair Play! 15000+ posts
|
|
Fair Play! 15000+ posts
Joined: Jun 2003
Posts: 15,894 Likes: 52 |
WBAM your statement about this side or that side really doesn't really reflect what has been said in this thread IMHO. It's not as simple as a bunch of us wanting to stick it to wealthy people.
Fair play!
|
|
|
|
|
Joined: May 2005
Posts: 1,657
1500+ posts
|
|
1500+ posts
Joined: May 2005
Posts: 1,657 |
Quote:
wannabuyamonkey said:
Quote:
magicjay38 said:
the coup de gras on America was an increase in the Social Security tax on the top 15% of wage earners! The wealthy was wear'n rags on that day, I tell you!
I't funny that you point this out because it's your side that claims all Republicans care about is teh ritch and the Dems are alwayse looking out for the little guy. You make that oh so witty comment about the ritch as though it's been the rights position that we care only for the wealthy, but then you flippantly ignore BSAMS pointing out that the people who truly bennifit from the tax cuts are us the working smoes. But I love how you the self-proclaimed limo liberal keep on looking out for the little guy.
(deffinition- Limozeen* liberal: "I made all my money and the last thing I want is competition from the cattle")
*Intentional misspelling Is this supposed to be a footnote? - (Mj)
Were all the above also intentional?
Thank you WBAM! We can always count on you to answer the questions that NOBODY ASKED!
My post, however sarcastic, was a statement of facts. The tax increase described was financial triage. It was supposed to slow the bleeding and send a message, to the bond markets especially, that they were serious about dealing with the deficits.
The Clinton Administration was very good for the wealthy. The DJIA broke 13,000 (Fri.'s close 10,419) on Clinton's watch. Who do you think owns the Big Uglies? Everyone got much richer when Clinton was President. Contrast that with the performance of the markets under Bush. After 5 years the DJIA is still 20% below it's Clinton peak. The burst of a bubble is transient event. This flat market is a long term trend.
PS the message to BSAMS was an insult. Read the instructions that came on your Form 1040EZ. You might, though I doubt it, get the joke. BSAMS is capable of defending himself.
Last edited by magicjay38; 2005-09-25 2:37 PM.
|
|
|
|
|
Joined: May 2003
Posts: 14,203
1 Millionth Customer 10000+ posts
|
|
1 Millionth Customer 10000+ posts
Joined: May 2003
Posts: 14,203 |
Quote:
magicjay38 said:
Quote:
wannabuyamonkey said:
Quote:
magicjay38 said:
the coup de gras on America was an increase in the Social Security tax on the top 15% of wage earners! The wealthy was wear'n rags on that day, I tell you!
I't funny that you point this out because it's your side that claims all Republicans care about is teh ritch and the Dems are alwayse looking out for the little guy. You make that oh so witty comment about the ritch as though it's been the rights position that we care only for the wealthy, but then you flippantly ignore BSAMS pointing out that the people who truly bennifit from the tax cuts are us the working smoes. But I love how you the self proclaimed limo liberal keep on looking out for the little guy.
(deffinition- Limozeen* liberal: "I made all my money and the last thing I want is competition from the cattle")
*Intentional misspelling
Thank you WBAM! We can always count on you to answer the questions that NOBODY ASKED!
PS the message to BSAMS was an insult. I think he's capable of defending himself.
actually BSAMS' defense mechanism broke down and is in the shop.
For the next 6 weeks WBAM will be defending BSAMS.
Bow ties are coool.
|
|
|
|
|
Joined: Oct 2003
Posts: 7,251
6000+ posts
|
|
6000+ posts
Joined: Oct 2003
Posts: 7,251 |
Quote:
Thank you WBAM! We can always count on you to answer the questions that NOBODY ASKED!
Well of course you didn't ASK me to point out the hypocracy of your position. 
Quote:
PS the message to BSAMS was an insult. Read the instructions that came on your Form 1040EZ. You might, though I doubt it, get the joke. BSAMS is capable of defending himself.
Yes and as ever so clever as you seem to think you are, I did get the joke and that's why I poined out the truth behind your humor (?). That's why I pointed out that you ignored his point. Yes you ignored it with an insult. Good job, your very clever. I'mm sure all teh other 60 year old drad queens find you ver funny, but you still ignored it wich was my point.
Oh and thanks for correcting my spelling for me. It's good to know that you're doing your job while r3x is getting me a soda.
Putting the "fun" back in Fundamentalist Christian Dogma.
" I know God exists because WBAM told me so. " - theory9
JLA brand RACK points = 514k
|
|
|
|
|
Joined: May 2005
Posts: 1,657
1500+ posts
|
|
1500+ posts
Joined: May 2005
Posts: 1,657 |
Quote:
wannabuyamonkey said:
Quote:
Thank you WBAM! We can always count on you to answer the questions that NOBODY ASKED!
Well of course you didn't ASK me to point out the hypocracy of your position.
Quote:
PS the message to BSAMS was an insult. Read the instructions that came on your Form 1040EZ. You might, though I doubt it, get the joke. BSAMS is capable of defending himself.
Yes and as ever so clever as you seem to think you are, I did get the joke and that's why I poined out the truth behind your humor (?). That's why I pointed out that you ignored his point. Yes you ignored it with an insult. Good job, your very clever. I'mm sure all teh other 60 year old drad queens find you ver funny, but you still ignored it wich was my point.
Oh and thanks for correcting my spelling for me. It's good to know that you're doing your job while r3x is getting me a soda.
Since you're limiting your reply to things I never said in the first place, you agree with my discussion of the Clinton Administrations deficit reduction strategy. And it's success in freeing up capital for the private sector.
"Conservatives are not necessarily stupid, but most stupid people are conservatives." John Stuart Mill
America is the only country that went from barbarism to decadence without civilization in between. Oscar Wilde
He who dies with the most toys is nonetheless dead.
|
|
|
|
|
Joined: Oct 2003
Posts: 7,251
6000+ posts
|
|
6000+ posts
Joined: Oct 2003
Posts: 7,251 |
Quote:
magicjay38 said:
Quote:
wannabuyamonkey said:
Quote:
Thank you WBAM! We can always count on you to answer the questions that NOBODY ASKED!
Well of course you didn't ASK me to point out the hypocracy of your position.
Quote:
PS the message to BSAMS was an insult. Read the instructions that came on your Form 1040EZ. You might, though I doubt it, get the joke. BSAMS is capable of defending himself.
Yes and as ever so clever as you seem to think you are, I did get the joke and that's why I poined out the truth behind your humor (?). That's why I pointed out that you ignored his point. Yes you ignored it with an insult. Good job, your very clever. I'mm sure all teh other 60 year old drad queens find you ver funny, but you still ignored it wich was my point.
Oh and thanks for correcting my spelling for me. It's good to know that you're doing your job while r3x is getting me a soda.
Since you're limiting your reply to things I never said in the first place, you agree with my discussion of the Clinton Administrations deficit reduction --->strategy. And <---it's success in freeing up capital for the private sector.
Ordinarily I wouldn't point out someones typing errors, but since you've volenteered to be my spelling bitch, I'm going to have to make sure you're not slacking. NEVER put a period in teh middle of a sentence!
Putting the "fun" back in Fundamentalist Christian Dogma.
" I know God exists because WBAM told me so. " - theory9
JLA brand RACK points = 514k
|
|
|
|
|
Joined: Oct 2000
Posts: 5,203
betrayal and collapse 5000+ posts
|
|
betrayal and collapse 5000+ posts
Joined: Oct 2000
Posts: 5,203 |
I think what's been ignored so far in this thread is the fact that administrations borrow money to finance wars--Bush has borrowed nearly $200 billion from China and Japan's central banks to finance Iraq. When you finance these loans long-term, they become the problem of the next administration--it's like ordering the expensive steak at a restaurant becuase your buddy's picking up the bill.
|
|
|
|
|
Joined: Jun 2003
Posts: 15,894 Likes: 52
Fair Play! 15000+ posts
|
|
Fair Play! 15000+ posts
Joined: Jun 2003
Posts: 15,894 Likes: 52 |
Quote:
theory9 said:
I think what's been ignored so far in this thread is the fact that administrations borrow money to finance wars--Bush has borrowed nearly $200 billion from China and Japan's central banks to finance Iraq. ...
Somebody correct me if I'm wrong but I think this is actually the first time we've borrowed money for a war like this.
Fair play!
|
|
|
|
|
Joined: May 2003
Posts: 43,952 Likes: 6
Officially "too old for this shit" 15000+ posts
|
|
Officially "too old for this shit" 15000+ posts
Joined: May 2003
Posts: 43,952 Likes: 6 |
No. We often borrow money during wartime. According to Official Government Statistics: The Government generated deficits during the War of 1812, ... the Civil War [and] World War I. World War II forced the Nation to spend unprecedented amounts on defense and to incur corresponding unprecedented deficits. IN fact, during that war, the budget deficit was, as a percentage of the Gross Domestic Product, actually about nine times higher than it is today. Even the old WWII "War Bonds" were basically a form of government borrowing. I also believe there were slight deficits during much of the Vietnam war.
|
|
|
|
|
Joined: Oct 2000
Posts: 5,203
betrayal and collapse 5000+ posts
|
|
betrayal and collapse 5000+ posts
Joined: Oct 2000
Posts: 5,203 |
I wasn't trying to imply that Bush was the first person to do this, only that he did. My apologies for any misunderstanding.
|
|
|
|
|
