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Thread: Govt. borrows 46 cents of every dollar it spends

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Moot View Post
    FDR's work programs were a blessing for this country at a time when it was sorely needed.
    FDR was one of the country's most beloved president. He was reelected 3 times!
    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: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by ttwtt78640 View Post
    The public works programs did not end the depression, but obviously did temporarily help ease the suffering of many - WWII was what actually ended the Great Depression.
    Another thing that helped bring the country back was increased revenue from raising the tax rates on the wealthy.
    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: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    "Government spending under President Obama has increased at the slowest rate since Dwight Eisenhower was in the Oval Office more than 50 years ago."

    Obama for America Government spending under President Obama has...
    Slowing the rate of increase is not decreasing the deficit number. It is a matter of scale--just like most tax increases/decreases are "historic" in their raw revenue number.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    My point is that all congressional Republicans voted for the $600 billion in spending.
    That's your point now, after you were caught lying about a unanimous vote from Congress.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Fisher View Post
    Slowing the rate of increase is not decreasing the deficit number. It is a matter of scale--just like most tax increases/decreases are "historic" in their raw revenue number.

    To the majority of us, slowing the rate of increase is preferable to increasing the rate of increase.

    Name the last GOP presidential administration that came close to balancing the budget?
    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: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by H. Lee White View Post
    That's your point now, after you were caught lying about a unanimous vote from Congress.
    I've already told you some Democrats voted against the wasteful spending, but you have not named a single Republican Congressman that voted against the spending!
    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: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    Name the last GOP presidential administration that came close to balancing the budget?
    1974 Deficit was 2.3% of revenue
    2007 6.3%
    1973 6.5%

    2011 56.3%
    2010 59.8%
    2009 67.1%

    http://www.cbo.gov/publication/42911

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    I've already told you some Democrats voted against the wasteful spending, but you have not named a single Republican Congressman that voted against the spending!
    Again:
    That's your point now, after you were caught lying about a unanimous vote from Congress.
    Why won't you admit you lied about a unanimous vote from Congress?

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    To the majority of us, slowing the rate of increase is preferable to increasing the rate of increase.

    Name the last GOP presidential administration that came close to balancing the budget?
    Dennis Hastert. Before that FDR. If you want to get into a partisan finger-pointing game, your best question would be who was the last GOP President who operated with a budget surplus. Slowing the rate of increase is obviously preferable to increasing it, but it does not address the problem at hand. Perhaps if we hit the fiscal pothole and people get all quaky in their panties, they will get an idea of what life will be like down the road if we do not do something more aggressive like, oh I don't know, taxing imports, placing an excise tax on unprocessed raw materials exported overseas., etc. beyond just some partisan class warfare "Sock it to the rich with a marginal rate increase that does nothing more than serve as political masturbation" mentality

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by H. Lee White View Post
    Again:
    That's your point now, after you were caught lying about a unanimous vote from Congress.
    Why won't you admit you lied about a unanimous vote from Congress?
    I've already admitted that some Democrats voted against the spending. However, every single GOP congressman voted for the wasteful spending.

    So much for the GOP claim they want to reduce the deficit!
    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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