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State of the Union Address

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)....
 
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?
 
Romney has said no such thing, you are delusional.

Mitt Romney: Grow military spending, build new ships, planes

Corporate_Tax_Jobs.png


http://2.bp.blogspot.com/-79aVtA2Sb...AAA1c/z9Iw_nQdZ-4/s400/Corporate_Tax_Jobs.png
 
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.
 
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?
 
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?
 
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.
 
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
 
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.


What? You have GOT to be kidding here....Obama ran Trillion dollar deficits every year he has been in office. The highest before him was less than half that.

j-mac
 
Really? Thought Clinton left Bush with a balanced budget? how did the Tax Relief Act of 1997 do that?

Who said the 1997 tax cuts balanced the budget?? That sounds like a strawman to me.
 
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.

That is your opinion and you are going to stick with it. You don't have any idea how economic growth affects govt. revenue and for some reason have no problem with the 3.8 trillion dollar budget we have. You also keep ignoring that Obama has added 4.6 trillion to the debt in 3 years and projected to add another 1.1 trillion in 2012 without any troops in Iraq. You keep buying that liberal rhetoric and keep allowing liberalism to make a fool out of you
 
Who said the 1997 tax cuts balanced the budget?? That sounds like a strawman to me.

How many times here have people claimed that Clinton balanced the budget and left Bush with a surplus? If there was a surplus how did 1.4 trillion get added to the debt during the Clinton term?
 
I just wonder how Clinton added 1.4 trillion to the debt by balancing the budget?

I wonder how you could still wonder, given that it's been explained to you at least 20 times.
 
How many times here have people claimed that Clinton balanced the budget and left Bush with a surplus? If there was a surplus how did 1.4 trillion get added to the debt during the Clinton term?

No one claims that he ran a surplus EVERY year. He did have to fix the screwed up tax system that he inherited from Reagan/Bush. :roll:
 
I wonder how you could still wonder, given that it's been explained to you at least 20 times.

What has been explained to you hundreds of times is that we have a spending problem not a revenue problem. What you ignore is that the tax relief act of 1997 increased Govt. revenue just like the full implementation of the Bush tax cuts after 2003 and Reagan after his tax cuts that went into effect in 1982. liberals are so confusing and so out of touch with reality.
 
No one claims that he ran a surplus EVERY year. He did have to fix the screwed up tax system that he inherited from Reagan/Bush. :roll:

He added 1.4 trillion dollars to the debt and it went up every year. That is a fact that liberals want to ignore.
 
What has been explained to you hundreds of times is that we have a spending problem not a revenue problem. What you ignore is that the tax relief act of 1997 increased Govt. revenue just like the full implementation of the Bush tax cuts after 2003 and Reagan after his tax cuts that went into effect in 1982. liberals are so confusing and so out of touch with reality.

Seriously? Even you don't believe that, do you? You do understand that the increased revenue was the result of the dotcom bubble -- not the tax cut, right? OTOH, it's pretty obvious that the tax cut helped inflate the bubble, just as Bush's tax cuts helped fuel the real estate bubble.
 
He added 1.4 trillion dollars to the debt and it went up every year. That is a fact that liberals want to ignore.

At least 20 times. Gross debt, public debt, blah blah blah. Why are you pretending you don't understand?
 
Seriously? Even you don't believe that, do you? You do understand that the increased revenue was the result of the dotcom bubble -- not the tax cut, right? OTOH, it's pretty obvious that the tax cut helped inflate the bubble, just as Bush's tax cuts helped fuel the real estate bubble.

I am so sorry that people like you have such a problem with tax cuts and keeping more of your own money. It really is a waste of time on my part to defend that right even of yours to that tax cut. I do find it interesting that the ones screaming the loudest don't do their part and send in more of their money as a donation to that massive Federal govt. that they seem to want. I happen to believe that we don't need a 3.8 trillion dollar budget and that social problems are better handled at the state and local levels through charities and individual contributions. I like knowing where my money is going and what it is accomplishing. Doubt seriously that the charities and my church think I am not paying enough in Federal Income Taxes and would like to see that cut further so I can increase my contributions and actually do some good.
 
At least 20 times. Gross debt, public debt, blah blah blah. Why are you pretending you don't understand?

Total debt increased as it always has because SS funds were used to make the deficit look better than it was and taking money from SS adds to the debt
 
I am so sorry that people like you have such a problem with tax cuts and keeping more of your own money.
2 sentences later in the same post.

I do find it interesting that the ones screaming the loudest don't do their part and send in more of their money as a donation to that massive Federal govt.
Unfortunately for you, Conservative, these two are mutually exclusive.
 
2 sentences later in the same post.


Unfortunately for you, Conservative, these two are mutually exclusive.

No, unfortunately for you reading comprehension isn't a strong suit. I don't see people sending their tax cuts back that they claim they don't need. If you truly believe in that large massive federal govt. then do your part and send in more money. Stop whining about what someone else keeps, do your part and support those Federal bureaucrats.
 
If you truly believe in that large massive federal govt. then do your part and send in more money. Stop whining about what someone else keeps, do your part and support those Federal bureaucrats.

Or you could stop YOUR whining about taxes being raised on the rich and leave the U.S.. See? Problem solved. Better than your idea for sure.
 
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