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Thread: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

  1. #231
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    Why do you continue to ignore the question? What did Obama do to lower the deficits?
    You continue to argue on a fallacious basis. I never claimed Bush had $1 trillion deficits, nor did i claim that Obama did anything to lower the deficits. Try addressing my actual comments and not your decryption of my comments. It would do wonders in allowing for a more civil discussion.

    If you want me to write it in big bold letters:

    Obama did nothing to lower the deficit other than increase tax rates on high income earners. But the majority of credit for increased revenue should go to the much improved economy.
    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: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    You mean the sequester he ran away from and said would destroy the economy?
    Hah, yep. But its the one thing keeping the situation from being worse. All of the saving being realized are being offset by ballooning mandatory spending. Without it, deficits would be MUCH higher.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by jonny5 View Post
    Without it, deficits would be MUCH higher.
    You cannot claim this. It is impossible to know how much higher expenditures would be as well as how receipts would be impacted by higher expenditures.
    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: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Kushinator View Post
    You continue to argue on a fallacious basis. I never claimed Bush had $1 trillion deficits, nor did i claim that Obama did anything to lower the deficits. Try addressing my actual comments and not your decryption of my comments. It would do wonders in allowing for a more civil discussion.

    If you want me to write it in big bold letters:

    Obama did nothing to lower the deficit other than increase tax rates on high income earners. But the majority of credit for increased revenue should go to the much improved economy.
    So when exactly did the tax rates go up on high income earners? A much improved economy is a tribute to the free enterprise, capitalistic economy that we have in this country, one that isn't as dependent on Federal spending as the European economy which goes to show that we don't need a 3.9 trillion dollar Federal Govt. that Obama has proposed.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Kushinator View Post
    You cannot claim this. It is impossible to know how much higher expenditures would be as well as how receipts would be impacted by higher expenditures.
    Isn't that what liberals do, project that revenue would have been higher without the tax cuts that Reagan and Bush implemented? How can any liberal claim that most of the debt accumulated during the Bush term was due to tax cuts if not for the projections of the same economic growth and revenue growth without the tax cuts?

  6. #236
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by sangha View Post
    *yawn*
    Yep, seems you have slept through the last 6 years of the Obama administration and missed his economic results.

  7. #237
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    So when exactly did the tax rates go up on high income earners? A much improved economy is a tribute to the free enterprise, capitalistic economy that we have in this country, one that isn't as dependent on Federal spending as the European economy which goes to show that we don't need a 3.9 trillion dollar Federal Govt. that Obama has proposed.
    LOL!

    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

  8. #238
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by jonny5 View Post
    Thats why they passed this bill, to ensure soldiers got paid during the "shutdown" At the moment, though, theres no borrowing cap, so they wouldnt run out of money. They would just borrow more. If there was a cap, then he would have to make some choices. And if he chose not to pay soldiers, then Dems would blame Reps and vice versa.
    That's exactly what would happen.
    Moreover, just maybe soldiers not getting paid would be enough to push the voters to stage a revolution at the ballot box and get rid of the partisans and their stupid gamesmanship.

    Maybe.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Kushinator View Post
    LOL!

    So when you don't have an answer, you laugh it off? I know that is what Obama wants but when did that increase on the rich pass?

  10. #240
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Dittohead not! View Post
    That's exactly what would happen.
    Moreover, just maybe soldiers not getting paid would be enough to push the voters to stage a revolution at the ballot box and get rid of the partisans and their stupid gamesmanship.

    Maybe.
    You might think so, but was that the result of the 'shutdown'? Was it in the 90s?

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