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Thread: Debt Crisis is Worse than we Think

  1. #101
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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by sangha View Post
    And yet, when the repubicans controlled the house, the senate AND the white house, they spent like mad, and increased deficits and doubled the national debt.
    Not nearly as madly as the Democrats have since 2007. Remember the trillion+ dollars spent on, "economic stimulus"? How's that working for you?

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by sangha View Post
    More assertions devoid of any supporting facts
    The fact is, the more money they have, the more money they're going to spend. Raising taxes isn't going to fix a goddamn thing.

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by apdst View Post
    Not nearly as madly as the Democrats have since 2007. Remember the trillion+ dollars spent on, "economic stimulus"? How's that working for you?
    Wrong. Spending has increased due to republican spending. A the stimulus wasn't more than a trillion, and much of it was tax cuts and credits.

    And it saved many jobs.
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by apdst View Post
    The fact is, the more money they have, the more money they're going to spend. Raising taxes isn't going to fix a goddamn thing.
    But, but doesn't cutting taxes result in more revenue? So won't cutting taxes result in more spending?

    At least, that's what the rightwingers say, except when it's not convenient to say so
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by sangha View Post
    And yet, when the repubicans controlled the house, the senate AND the white house, they spent like mad, and increased deficits and doubled the national debt.
    you are sort of correct - Democrats picked up the Senate and then after 2006 they had both chambers.


    but certainly I agree neither party can be trusted. that, after all, is why we need a balanced budget amendment

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    Re: Debt Crisis is Worse than we Think

    Goodbye USA! I hope you enjoyed all these years of might and prosperity because the party is NOW OVER. The lights are going out. You're going to collapse as a superpower. Your middle class is being eroded. There aren't any good jobs left anymore. Military personnel will have to accept huge cutbacks. Goodbye incentives. And little by little, investors are going to flee the USA as new markets and possibilites are emerging all over the globe.
    Freedom is not free.

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by Иосиф Сталин View Post
    Goodbye USA! I hope you enjoyed all these years of might and prosperity because the party is NOW OVER. The lights are going out. You're going to collapse as a superpower. Your middle class is being eroded. There aren't any good jobs left anymore. Military personnel will have to accept huge cutbacks. Goodbye incentives. And little by little, investors are going to flee the USA as new markets and possibilites are emerging all over the globe.
    Better dead than red, comrade.

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by sangha View Post
    Wrong. Spending has increased due to republican spending. A the stimulus wasn't more than a trillion, and much of it was tax cuts and credits.

    And it saved many jobs.
    Hows the view from fantasy land?

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    Re: Debt Crisis is Worse than we Think

    Quote Originally Posted by sangha View Post
    And yet, when the repubicans controlled the house, the senate AND the white house, they spent like mad, and increased deficits and doubled the national debt.


    In the last 50 years how often has the GOP controlled both houses and the presidency?


    Answer is 4 years. The economic mess that the country is currently in didn't happen all at once. Your partisanship seems to have you blinded. Both parties get/deserve their share of credit for the fiscal debacle we are experiencing.





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    “Build a man a fire, and he'll be warm for a day. Set a man on fire, and he'll be warm for the rest of his life.”

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    Re: Debt Crisis is Worse than we Think

    The stimulus was 800B. About 230B of tax cuts. After it was passed unemployment slowed and jobs started coming back. However we lost trillions, 800B of stimulus including 230B of saved (useless) tax cuts are not going to fix this economy. We should have spent more and farther lowered business taxes instead of income taxes.

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