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Thread: White House Tax Plan Would Ask More of Millionaires (Continued)

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Goldenboy219 View Post
    It is of no secret that the Reagan administration implemented an economic policy referred to as military keynesianism. With all the education you feel the need to brag about on a message board; this should have been obvious.
    Call it whatever you want. The net result was both a holding of the deficit at around 4-5% of GDP (some years slightly above, some below):

    Well, let’s take a look at the Reagan legacy on federal spending and deficits. In 1980, the last year of Jimmy Carter’s presidency, government outlays were running at 21.7% of GDP and the budget deficit was 2.7% of GDP. (The economy was also a basket case, which is when you would expect budget deficits to be at their worse.) In 1988, Reagan’s last year in office, outlays as a percent of GDP were running at 21.3% with a deficit of 3.1% of GDP. The budget deficit over Reagan’s eight years averaged 4.2% and ran as high as 6.0% in 1983.

    more:RealClearPolitics - Commentary - Reagan vs. Bush: Federal Spending and Budget Deficits by John McIntyre
    ........ and most importantly, he got results. An expanded military, helping prompt the fall of the Soviet Union, and a robust economy upon which the country did quite well in the 90's.

    Obama now has us up over 7% deficit to GDP, and more importantly, no positive results. Just a deeper hole. He has to go. All this liberal jackass policy has to go.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Eighty Deuce View Post
    Call it whatever you want. The net result was both a holding of the deficit at around 4-5% of GDP (some years slightly above, some below):



    ........ and most importantly, he got results. An expanded military, helping prompt the fall of the Soviet Union, and a robust economy upon which the country did quite well in the 90's.

    Obama now has us up over 7% deficit to GDP, and more importantly, no positive results. Just a deeper hole. He has to go. All this liberal jackass policy has to go.
    The difference is, we are just recovering from a serious financial crisis which means that people and firms are in a deleveraging mode.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    I feel like we are in a game of "Clue". "Who KILLED the economy!?!?" It was TAFT, with the noose! NO, FDR with the kitchen knife! No, no, no...clearly, it was Obama with the lamp! Uh UH, it was BUSH, with the revolver!


    At least we can all agree our economy is messed up. What do we intend to do about it? Tow party lines, repeat party dogma, blame game, keep our heads turn back behind us....or actually constructively seek a solution?

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by KevinKohler View Post
    I feel like we are in a game of "Clue". "Who KILLED the economy!?!?" It was TAFT, with the noose! NO, FDR with the kitchen knife! No, no, no...clearly, it was Obama with the lamp! Uh UH, it was BUSH, with the revolver!


    At least we can all agree our economy is messed up. What do we intend to do about it? Tow party lines, repeat party dogma, blame game, keep our heads turn back behind us....or actually constructively seek a solution?
    The solution is to put a positive leader in the WH and not a community organizer, someone like Reagan who unleashed the private sector and individual entrepreneur and individual wealth creator. Today we have a community agitator who doesn't know how to lead. When was the last positive message from this President? I keep hearing anger, divisiveness, and promotion of class warfare. His effort to blame everyone else but himself isn't leadership, it is passing the buck and sends the wrong message.

    I lived and worked during the Reagan years, a time when we hade a misery index of 19.33 with high inflation, high unemployment, and high interest rates. Reagan took charge, appealed to the American people, made tough choices, spent a lot of time convincing the American people that they were the solution not the problem and the way out is their efforts not the government's efforts. He was a positive force changing attitudes. Compare that to today.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    The solution is to put a positive leader in the WH and not a community organizer, someone like Reagan who unleashed the private sector and individual entrepreneur and individual wealth creator. .
    Under Reagan debt to GDP increased by over 20 % points

    Roosevelt D 19411945 50.4% 117.5% +203 +67.1% D D
    Roosevelt/Truman D 19451949 117.5% 93.1% -8 -24.4% 79th D, 80th R 79th D, 80th R
    Harry Truman D 19491953 93.1% 71.4% +13 -21.7% D D
    Dwight Eisenhower R 19531957 71.4% 60.4% +6 -11.0% 83rd R, 84th D 83rd R, 84th D
    Dwight Eisenhower R 19571961 60.4% 55.2% +20 -5.2% D D
    Kennedy/Johnson D 19611965 55.2% 46.9% +30 -8.3% D D
    Lyndon Johnson D 19651969 46.9% 38.6% +43 -8.3% D D
    Richard Nixon R 19691973 38.6% 35.6% +101 -3.0% D D
    Nixon/Ford R 19731977 35.6% 35.8% +177 +0.2% D D
    Jimmy Carter D 19771981 35.8% 32.5% +288 -3.3% D D
    Ronald Reagan R 19811985 32.5% 43.8% +823 +11.3% D R
    Ronald Reagan R 19851989 43.8% 53.1% +1,050 +9.3% D 99th R, 100th D
    George H. W. Bush R 19891993 53.1% 66.1% +1,483 +13.0% D D
    Bill Clinton D 19931997 66.1% 65.4% +1,018 -0.7% 103rd D, 104th R 103rd D, 104th R
    Bill Clinton D 19972001 65.4% 56.4% +401 -9.0% R R
    George W. Bush R 20012005 56.4% 63.5% +2,135 +7.1% R 107th Split, 108 R
    George W. Bush R 20052009 63.5% 84.2% +3,971 +20.7% 109th R, 110th D 109th R, 110th D
    Barack Obama D 20092010 84.2% 93.2% +1,653 +9.0% 111th D, 112th R D
    (Source: CBO Historical Budget Page and Whitehouse FY 2012 Budget - Table 7.1 Federal Debt at the End of Year PDF, Excel, Senate.gov)

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    So Sheik, you were quick to point out that my 38% JAR was out of date and you called that a lie and not knowing what I am talking about. Here are the latest numbers from Gallup. What say you now?

    Gallup

    10/11 - 10/13 1500 A 38 54 -16

    RealClearPolitics - Election Other - President Obama Job Approval

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by winston53660 View Post
    Under Reagan debt to GDP increased by over 20 % points

    Roosevelt D 1941–1945 50.4% 117.5% +203 +67.1% D D
    Roosevelt/Truman D 1945–1949 117.5% 93.1% -8 -24.4% 79th D, 80th R 79th D, 80th R
    Harry Truman D 1949–1953 93.1% 71.4% +13 -21.7% D D
    Dwight Eisenhower R 1953–1957 71.4% 60.4% +6 -11.0% 83rd R, 84th D 83rd R, 84th D
    Dwight Eisenhower R 1957–1961 60.4% 55.2% +20 -5.2% D D
    Kennedy/Johnson D 1961–1965 55.2% 46.9% +30 -8.3% D D
    Lyndon Johnson D 1965–1969 46.9% 38.6% +43 -8.3% D D
    Richard Nixon R 1969–1973 38.6% 35.6% +101 -3.0% D D
    Nixon/Ford R 1973–1977 35.6% 35.8% +177 +0.2% D D
    Jimmy Carter D 1977–1981 35.8% 32.5% +288 -3.3% D D
    Ronald Reagan R 1981–1985 32.5% 43.8% +823 +11.3% D R
    Ronald Reagan R 1985–1989 43.8% 53.1% +1,050 +9.3% D 99th R, 100th D
    George H. W. Bush R 1989–1993 53.1% 66.1% +1,483 +13.0% D D
    Bill Clinton D 1993–1997 66.1% 65.4% +1,018 -0.7% 103rd D, 104th R 103rd D, 104th R
    Bill Clinton D 1997–2001 65.4% 56.4% +401 -9.0% R R
    George W. Bush R 2001–2005 56.4% 63.5% +2,135 +7.1% R 107th Split, 108 R
    George W. Bush R 2005–2009 63.5% 84.2% +3,971 +20.7% 109th R, 110th D 109th R, 110th D
    Barack Obama D 2009–2010 84.2% 93.2% +1,653 +9.0% 111th D, 112th R D
    (Source: CBO Historical Budget Page and Whitehouse FY 2012 Budget - Table 7.1 Federal Debt at the End of Year PDF, Excel, Senate.gov)
    Yeah, here we go again and here you go again. The Reagan increase in debt from 900 billion to 2.6 trillion compared to the Obama increase in debt from 10.6 trillion to 14.8 trillion? Which one is worse? In the real world 1.7 trillion added to the debt has a lower debt service than 4.2 trillion added to the debt. Isn't that true in Northern TX?

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    Yeah, here we go again and here you go again. The Reagan increase in debt from 900 billion to 2.6 trillion compared to the Obama increase in debt from 10.6 trillion to 14.8 trillion? Which one is worse?
    The Reagan increase as of today.


    In the real world 1.7 trillion added to the debt has a lower debt service than 4.2 trillion added to the debt. Isn't that true in Northern TX?
    There ya go again try to compare real and nominal numbers.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by winston53660 View Post
    The Reagan increase as of today.




    There ya go again try to compare real and nominal numbers.
    And there you go ignoring reality and relevance because that is what liberals do, distort the numbers for their own personal gain. The debt during Reagan's term was in 80's dollars not today's dollars and debt service was the same in 80's dollars not today's dollars so your comparision is typical liberal bs.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    The solution is to put a positive leader in the WH and not a community organizer, someone like Reagan who unleashed the private sector and individual entrepreneur and individual wealth creator. Today we have a community agitator who doesn't know how to lead. When was the last positive message from this President? I keep hearing anger, divisiveness, and promotion of class warfare. His effort to blame everyone else but himself isn't leadership, it is passing the buck and sends the wrong message.

    I lived and worked during the Reagan years, a time when we hade a misery index of 19.33 with high inflation, high unemployment, and high interest rates. Reagan took charge, appealed to the American people, made tough choices, spent a lot of time convincing the American people that they were the solution not the problem and the way out is their efforts not the government's efforts. He was a positive force changing attitudes. Compare that to today.
    To me, that's a very short sighted answer. How many years ago was reagan president? And look where we are now. No thanks. No, the problem isn't who is president, or who is senator, or who is supreme court justice, it's all of them together. Change one piece of an engine out, like a cam, but make no changes to the rest, it's not going to yield very good results. It's an entire system wide problem we face, imo, and one man, even Reagan reborn, would likely do more long term harm then good.

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