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Thread: Democrats threaten violence on Michigan House floor

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by Conservative View Post
    You are doing a great job committing political suicide and other liberals don't want to commit it with you. Most here know how wrong you are and the last thing another liberal wants to do is admit it.
    SHUCKS! I guess i sceered him off.I was hopen to get some youth into this thread instead of us two ole farts stinkin it up.Damn.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by Whipsnade View Post
    Im still trying to pry outta you how the “Tax Reduction Act was a“significant, second term bill“when employment and therefore tax collections woullda went down relative to Clinton’s first term where employment actually went up-when TAXES WERE raised.
    You don't understand what spendable income is and what percentage of GDP is consumer spending, that is understandable. The tax reduction act of 1997 led to economic activity and when exactly was that supposed surplus under Bill Clinton?

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by Conservative View Post
    You don't understand what spendable income is and what percentage of GDP is consumer spending, that is understandable. The tax reduction act of 1997 led to economic activity and when exactly was that supposed surplus under Bill Clinton?


    Seeing as words have no effect,maybe with luck this image will somehow strike an accord tonight...sadly its not in crayon though.

    If its as you say that "The tax reduction act" led to economic activity when it was passed in 1997 then why didn't we get more of bump out of it then the one % that we got.AND it stands to reason that george two sticks woulda got a bit of a bump as well,instead it went in reverse for poor george.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by Whipsnade View Post


    Seeing as words have no effect,maybe with luck this image will somehow strike an accord tonight...sadly its not in crayon though.

    If its as you say that "The tax reduction act" led to economic activity when it was passed in 1997 then why didn't we get more of bump out of it then the one % that we got.AND it stands to reason that george two sticks woulda got a bit of a bump as well,instead it went in reverse for poor george.
    The economy was weakening when Bush took office. The only thing that allowed us to avoid a major recession throughout his term was the housing bubble allowed people to use their homes as an ATM. I thought Bush was an economic idiot, but the housing bubble rising never created a public demand to save non-Wall Street manufacturing that attracted his interest from the wars. I, to this day, have no idea how he managed to get re-elected.

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by Fisher View Post
    The economy was weakening when Bush took office. The only thing that allowed us to avoid a major recession throughout his term was the housing bubble allowed people to use their homes as an ATM. I thought Bush was an economic idiot, but the housing bubble rising never created a public demand to save non-Wall Street manufacturing that attracted his interest from the wars. I, to this day, have no idea how he managed to get re-elected.
    He got reelected by the Supremes.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by Whipsnade View Post
    He got reelected by the Supremes.
    That would have been his election, not his re-election. It was because the media refused to scrutinize him on Iraq as it was going south until after the election IMHO.

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by Whipsnade View Post


    Seeing as words have no effect,maybe with luck this image will somehow strike an accord tonight...sadly its not in crayon though.

    If its as you say that "The tax reduction act" led to economic activity when it was passed in 1997 then why didn't we get more of bump out of it then the one % that we got.AND it stands to reason that george two sticks woulda got a bit of a bump as well,instead it went in reverse for poor george.
    When was that supposed Clinton surplus and how did it happen during a tax cut? In addition do you know what a projection is? Read the title of your chart? Please explain to me how the Federal Govt. got record tax revenue in 2007 during the Bush tax cuts? Tell me how revenue grew during the Clinton years AFTER the Tax relief act of 1997? Tell me how Federal Income Tax revenue increased 60% during the Reagan tax cuts? So many questions and so few answers

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    Re: Democrats threaten violence on Michigan House floor

    Awe, Whipsnade misses me ?

    Well whip in your simplistic description of the Fed dumping let me add that yes the Fed is buying Treasuries and Toxic mortgage backed securities to try and take the load off the baks so they'll loan and keep interest rates low to inecentivize lendies. Bernake's a student of the depression and understands that a credit freeze essentially prolonged its destruction.

    Problem is its not working, not even a little as Fed programs like paying banks interest on reserves AND low interest rates give banks little motivation to lend.

    Banks are currently holding on to a record amount of reserves as they sit back and get paid interest to horde money and the Fed policy of high capital requitements makes tallying up those reserves and keeping them actually a lawful condition of running a bank.

    Savy ? Bernake's between a rock and a hard place appointed by a President who's put a bullseye on the private sector.

    No demand, no loans, no growth, higher unemployment and more spending to counter Obamas disastrous economic policies.

    Here's the kicker. Treasuries have leveled off and as soon as they start dropping the Feds gonna bow out as interest rates climb.

    Just a few upticks in interest on short term bond yields and you can add another 500 billion or more to our yearly defecit with the Fed out of the picture.

    Hell, interest rates will go up eventually anyway. Who's going to buy our debt then ?
    The Fed owns 70% of it now ?

    We were supposed to have growth with Obama care . Remember ? GDP @4% ?

    But with a president who so fundamentally defined by a bankrupt agenda NO growth is coming our way.

    And 60mill voted for the guy.....

    It shows that our destiny is being engineered by the least knowledgable of our electorate.

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by Conservative View Post
    When was that supposed Clinton surplus and how did it happen during a tax cut? In addition do you know what a projection is? Read the title of your chart? Please explain to me how the Federal Govt. got record tax revenue in 2007 during the Bush tax cuts? Tell me how revenue grew during the Clinton years AFTER the Tax relief act of 1997? Tell me how Federal Income Tax revenue increased 60% during the Reagan tax cuts? So many questions and so few answers
    There was a BUDGET surplus and even the US Treasury backs it up as has been shown.

    Why do you continue with these same lies?

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    Re: Democrats threaten violence on Michigan House floor

    Quote Originally Posted by winston53660 View Post
    There was a BUDGET surplus and even the US Treasury backs it up as has been shown.

    Why do you continue with these same lies?
    Half of the budget had a surplus the other half had a deficit and there was more deficit than surplus thus the U.S. Debt and debt service rose.

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