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Thread: Obama to call for new tax increases in State of the Union address

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Montecresto View Post
    Reagan's ND contribution adjusted for inflation in today's dollars would be closer to five trillion. And Bush presided over one of the largest increases in the size of government in history. Do you ever tire of blaming all Americas ills on one party? Not to worry, its a rhetorical question.
    Here is the inflation adjust calculator, figure it out from 1988 to the present

    The Inflation Calculator

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    Reagan was in office 8 years, Bush 4, and GW 8, Obama's debt dwarfs them all and will far and away exceed their combined total at the end of his term. percentage change means absolutely nothing except to people who don't understand debt service

    GW Bush 4.9
    GHW 1.2
    Reagan 1.7

    Total 7.8

    Obama 7.6 trillion in 6 yrs

    Isn't it about time to stop trying to defend the indefensible?
    What am I defending? I loathe our ND, all of it, not just the part contributed during republican presidencies. I would support a CA that banned it. On the other hand you idolise Reagan (well all republican presidencies) so that you can't see their contributions to the ND. your a partisan, that's what partisans do.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Montecresto View Post
    What am I defending? I loathe our ND, all of it, not just the part contributed during republican presidencies. I would support a CA that banned it. On the other hand you idolise Reagan (well all republican presidencies) so that you can't see their contributions to the ND. your a partisan, that's what partisans do.
    Context my friend, context. What did we get for that debt? When you go into debt isn't it about what you get for that debt? Do you have any idea what the economy was like when Reagan took office? Then compare the Reagan economic plan with Obama's? There wasn't a dime of spending in that Reagan economic plan that passed Congress in August 1981. The spending was done as a result of the economic boom that the Reagan economy generated and much of it was Congressional spending on social spending attached to defense bills which actually destroyed the Soviet Union and created the peace dividend. I wish people here who weren't around then wouldn't try to rewrite history

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    Context my friend, context. What did we get for that debt? When you go into debt isn't it about what you get for that debt? Do you have any idea what the economy was like when Reagan took office? Then compare the Reagan economic plan with Obama's? There wasn't a dime of spending in that Reagan economic plan that passed Congress in August 1981. The spending was done as a result of the economic boom that the Reagan economy generated and much of it was Congressional spending on social spending attached to defense bills which actually destroyed the Soviet Union and created the peace dividend. I wish people here who weren't around then wouldn't try to rewrite history
    National debt isn't bad only when accumulated by democratic presidents, sorry. I may not be the relic you are, but I was certainly around and voting throughout the Reagan years.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Montecresto View Post
    National debt isn't bad only when accumulated by democratic presidents, sorry. I may not be the relic you are, but I was certainly around and voting throughout the Reagan years.
    Cannot or will not answer the question about context?? Which is it?

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    Cannot or will not answer the question about context?? Which is it?
    Yes, we covered that. I put it into context. Reagan's contribution was 186% increase to the ND, opposed to Obama's 53%. A figure I'm not pleased with either. But the context is clear right there.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Montecresto View Post
    Yes, we covered that. I put it into context. Reagan's contribution was 186% increase to the ND, opposed to Obama's 53%. A figure I'm not pleased with either. But the context is clear right there.
    That apparently is what you see but just shows how little you know. Reagan's debt was 50% of GDP and for that debt he doubled GDP and created 17 million jobs. Doubt that impresses you since it is all about percentage change.

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