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Thread: State of the Union Address

  1. #1351
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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    Right, you have a selective memory and forget that Clinton had the Reagan peace dividend and still added 1.4 trillion to the debt. So much for those small budget deficits? How do you explain the Tax Relief Act of 1997 which cut taxes and led to that "claimed" Clinton balanced budget?
    Despite presiding over the internet boom (that Al Gore invented)....
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

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    Sterotypes are mostly based on truths.

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    Re: State of the Union Address

    Quote Originally Posted by Sheik Yerbuti View Post
    You mean the Nixon peace dividend, right? The last war we had prior to then was Vietnam.


    It didn't lead to that. The budget deficit was already dropping every year before than and in FY1999, the second fiscal year following the tax cuts, the deficit grew by 92 billion more than the previous year.

    . . . . . . . Growth by year
    ------------------------
    FY1992: +23,434,812,235
    FY1993: -52,449,076,207
    FY1994: -65,607,200,744
    FY1995: -28,036,178
    FY1996: -30,404,952,270
    FY1997: -62,492,966,165
    ------------------------ tax cuts (aug/2007)
    FY1998: -75,288,074,761
    FY1999: +17,030,895,218
    FY2000: -112,170,584,446
    FY2001: +35,691,220,146
    The tax relief act of 1997 did what, Sheik?

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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    Romney has said no such thing, you are delusional.
    Mitt Romney: Grow military spending, build new ships, planes



    http://2.bp.blogspot.com/-79aVtA2Sba...e_Tax_Jobs.png
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    The tax relief act of 1997 did what, Sheik?
    It cut taxes. And in its second year, the deficit increased by 92 billion dollars over the previous year.

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    Re: State of the Union Address

    Never have I seen someone so obsessed with raising taxes and not keeping more of what you earn. Put your money where your mouth is and send in a lot extra. Your ignorance of how our economy works and the role of the Federal govt. is staggering.

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    Re: State of the Union Address

    Quote Originally Posted by Sheik Yerbuti View Post
    It cut taxes. And in its second year, the deficit increased by 92 billion dollars over the previous year.
    Do you like Con's latest red herring? He knows that, over all, Clinton raised taxes and that contributed to the balanced budget, but he has to pretend that the small later hike negated the full effect of the tax increases. So sad.

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    Re: State of the Union Address

    Quote Originally Posted by Sheik Yerbuti View Post
    It cut taxes. And in its second year, the deficit increased by 92 billion dollars over the previous year.
    Really? Thought Clinton left Bush with a balanced budget? how did the Tax Relief Act of 1997 do that?

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    Re: State of the Union Address

    Quote Originally Posted by AdamT View Post
    Do you like Con's latest red herring? He knows that, over all, Clinton raised taxes and that contributed to the balanced budget, but he has to pretend that the small later hike negated the full effect of the tax increases. So sad.
    I just wonder how Clinton added 1.4 trillion to the debt by balancing the budget?

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    Re: State of the Union Address

    Quote Originally Posted by Conservative View Post
    Never have I seen someone so obsessed with raising taxes and not keeping more of what you earn. Put your money where your mouth is and send in a lot extra. Your ignorance of how our economy works and the role of the Federal govt. is staggering.
    Unfortunately, me sending in extra would do nothing to reduce the debt proposed by Romney for increased spending and further tax cuts for the rich.

    That's what's drove us into the ditch during the last decade.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: State of the Union Address

    Quote Originally Posted by liblady View Post
    How exceptionally dishonest this post is. Either you are incredibly stupid, or you are a liar. GAINS have never been taxed. EVER! Who gives a flying **** if the initial investment was taxed, it was SUPPOSED to be. Just stop already.
    Tell me lib, how much of what I make should I be allowed to keep?

    j-mac
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