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Scott Walker cut $541 million in taxes last year. Now his state will miss a $108 mill

Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Haha... you're funny.

It's obvious you didn't live during the mess Carter created and Reagan fixed. It was practically impossible to buy a house then.

It was difficult, but only because inflation and thus interest rates were so high. My parents purchased two houses between 1977-1982, and refinanced after rates came down. They were getting large cost of living raises twice a year to compensate for the inflation rate, so while inflation was an inconvenience, it did little to harm their standard of living long term.

Part of the way that Reagan "fixed" our mess was by the OPEC restrictions falling apart and thus the cost of oil declining (which would have happened no matter who was president), and by practicing extreme keynesian economics. He increase spending and cut taxes simultaneously (which explains why the debt rose by such a large percentage). By todays standards, Reagan would not have been electible as a republican and certainly wouldn't have been the least bit acceptable to today's tea party.

I'm 50, and I suspect that the reason that so many people my age and older are so afraid of inflation is because we did live during the most inflationary period in the history of our nation and it scarred many of us.
 
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Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Carter was defeated due to two factors. The first factor was the Iran hostage situation, the second factor was the OPEC oil embargos which jacked up not only the price of gas, but caused widespread inflation. This OPEC/inflation situation continued into the first couple of years of the Reagan administration, during which time he was also very unpopular. Per year in office, more jobs were actually created under Carter than under Regain, and aside from inflation our economy was fairly sound.

Yeah, that's why Carter was trounced by Reagan and is routinely rated at the bottom of the list of most effective presidents.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Carter was defeated due to two factors. The first factor was the Iran hostage situation, the second factor was the OPEC oil embargos which jacked up not only the price of gas, but caused widespread inflation. This OPEC/inflation situation continued into the first couple of years of the Reagan administration, during which time he was also very unpopular. Per year in office, more jobs were actually created under Carter than under Regain, and aside from inflation our economy was fairly sound.

Except for that pesky high inflation, high interest rates, the Soviet invasion of Afghanistan, long line-ups at gas stations, and the Iranian hostage taking, Carter did well. It's not quite clear what that was though, which is probably why he was widely rejected after just one term.

The American people were definitely better informed then than now or they would have done the same with Obama.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Poor attempt at a dodge....

You're dismissed.

No dodge. Everything has to be taken into account, it depends on the situation and opportunity costs. I learned that when I was studying financial management in college, and I live it ever day in my business career.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

No dodge. Everything has to be taken into account, it depends on the situation and opportunity costs. I learned that when I was studying financial management in college, and I live it ever day in my business career.

Except you only had TWO choices in my example.

You don't get to make up a dozen new ones just to weasel out of your comments.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Except for that pesky high inflation, high interest rates, the Soviet invasion of Afghanistan, long line-ups at gas stations, and the Iranian hostage taking, Carter did well. It's not quite clear what that was though, which is probably why he was widely rejected after just one term.

The American people were definitely better informed then than now or they would have done the same with Obama.

The inflation rates, high interest rates, and lines at gas stations were all from the same root problem, a problem that was not Carters fault, even though we blamed it on him at the time. There are almost always US hostages being held by someone in the world at any given time, the Iranian hostages were just very highly publicized because it was so many at the same time. You can't really blame the soviet invasion of afganistan on Carter any more than you can blame any country invading another on our president. It happens under almost every president and I don't think that at the time anyone was really blaming that on Carter, not that I remember anyway. Did we blame the Iraq invasion of Kuwait on Bush 1? Not that I remember.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Except you only had TWO choices in my example.

You don't get to make up a dozen new ones just to weasel out of your comments.


In that case, there simply wasn't enough information given to form an opinion. Business decisions aren't that simple.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

The inflation rates, high interest rates, and lines at gas stations were all from the same root problem, a problem that was not Carters fault, even though we blamed it on him at the time. There are almost always US hostages being held by someone in the world at any given time, the Iranian hostages were just very highly publicized because it was so many at the same time. You can't really blame the soviet invasion of afganistan on Carter any more than you can blame any country invading another on our president. It happens under almost every president and I don't think that at the time anyone was really blaming that on Carter, not that I remember anyway. Did we blame the Iraq invasion of Kuwait on Bush 1? Not that I remember.

What did Bush 1 do about Iraq's invasion of Kuwait ?? He ran them out of Kuwait and kicked their asses all the way back to Baghdad.

What did Carter do about the USSR invasion of Afghanistan ?? He didn't let the U.S. go to the Olympics.

Note the parallels between Carter and Obama ??
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

In that case, there simply wasn't enough information given to form an opinion. Business decisions aren't that simple.

Guess that's why you're not in business then. This one is a no brainer.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Yeah, that's why Carter was trounced by Reagan and is routinely rated at the bottom of the list of most effective presidents.

Reagan had a very low approval rating his first two years in office, in greatly improved once the two recessions were over. Yes, if we compare public opinion, most people believe that Reagan was a great president and that Carter sucked, but that's opinion.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

What did Bush 1 do about Iraq's invasion of Kuwait ?? He ran them out of Kuwait and kicked their asses all the way back to Baghdad.

What did Carter do about the USSR invasion of Afghanistan ?? He didn't let the U.S. go to the Olympics.

Note the parallels between Carter and Obama ??

You don't see the difference between fighting Iraq and the USSR? Do you really think it would have been wise to declare war on the USSR?
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Guess that's why you're not in business then. This one is a no brainer.

Wrong again.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Haha... you're funny.

It's obvious you didn't live during the mess Carter created and Reagan fixed. It was practically impossible to buy a house then.

14% interest rates for GREAT credit

people with good credit were buying cars at 15% interest

it was not a good time for those who couldnt pay cash

but it did setup a whole new industry....the refi market

was never really a need for one until then......
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Except for that pesky high inflation, high interest rates, the Soviet invasion of Afghanistan, long line-ups at gas stations, and the Iranian hostage taking, Carter did well. It's not quite clear what that was though, which is probably why he was widely rejected after just one term.

The American people were definitely better informed then than now or they would have done the same with Obama.

i remember the lines at the gas stations

and being able to get gas only on odd/even days

and it seemed like prices were going up 5-10% on a weekly basis at times
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Why would you say that. One president tripled it, and the other doubled it. Neither is a good thing.

Here's a big difference. Reagan had to rebuild our military, and that was money well worth spending. Also, due to his policies, the economy was booming and the additional debt was easily handled.

Now look at Obama. Spending all this money, and actually decimating our military. What's he spending on, social programs? Can't wait for the payoff from that. So, no payoff from his spending, economy can't handle the load, and the military still needs to be rebuilt. The best thing for him is people dropping out of the workforce so that the unemployment rate goes down. That really tells you something.

He's an idiot, and we are all getting screwed.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

i remember the lines at the gas stations

and being able to get gas only on odd/even days

and it seemed like prices were going up 5-10% on a weekly basis at times

Obama claims he took over the worse economy since the great depression

but actually,

he presided over the worse recovery since the great depression.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

You also have to take into account inflation and the size of our economy and population and the perceived need to spend an extra trillion + to avoid the recession becoming a depression.

If you are concerned about the debt, then just be glad that Obama didn't triple the debt, and that the deficit has been falling for years.


so we are only going broke slower?

why do we have a deficit when we bring in over 3t per year?

where does it all go.....

and if you tell me it is ALL necessary, you need to have your head examined
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

It's way too early for me to start paying attention about the 2016 presidential elections but Scott Walker must be polling really, really well.

All I see out of the New York Times and Washington Post is hit piece after hit piece. Just earlier today I was reading a hit piece by the Post about him not attacking Guiliani over Guliani's comments.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

so we are only going broke slower?

why do we have a deficit when we bring in over 3t per year?

where does it all go.....

and if you tell me it is ALL necessary, you need to have your head examined

No, we are not going broke at all. Our government can print/tax/borrow all the money it needs. The system is setup that way. How can you go broke when all you have to do to have money is to add extra zeros to an account?

You do realize that we have had a federal debt every year except from 1835-1837 don't you? You know what happened in 1837? We went into a depression.

People have been complaining about the federal debt every year that it has existed, claiming that we are just "kicking the can down the road". Imagine that, 200 years ago people were complaining about the same things we complain about today - human nature, and the lack of understanding of how our economic system works, never changes.

Our odd way of creating money is by borrowing it into existence. If every penny of debt in the country was repaid today (which is actually impossible), there would be no more US dollars.
 
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Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

No, we are not going broke at all. Our government can print/tax/borrow all the money it needs. The system is setup that way. How can you go broke when all you have to do to have money is to add extra zeros to an account?

You do realize that we have had a federal debt every year except from 1835-1837 don't you? You know what happened in 1837? We went into a depression.

Our odd way of creating money is by borrowing it into existence. If every penny of debt in the country was repaid today (which is actually impossible), there would be no more US dollars.

yes, let's pretend the 70's never happened and that it is impossible for other countries to ever get fed up with the shell game we play.

We can't go broke, we can just unilaterally thumb our noses at all prior commitments we made, just like what happened in the 70's.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

yes, let's pretend the 70's never happened and that it is impossible for other countries to ever get fed up with the shell game we play.

We can't go broke, we can just unilaterally thumb our noses at all prior commitments we made, just like what happened in the 70's.

No, we can still pay all prior commitments, regardless of that mumbo jumbo you mentioned. Why wouldn't be be able to pay our obligations?
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

No, we can still pay all prior commitments, regardless of that mumbo jumbo you mentioned. Why wouldn't be be able to pay our obligations?

that "mumbo jumbo" was the actual history of this country and how we unilaterally ended agreements we made because printing money isn't the panacea people like you claim it is.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

We now have a service economy. So trickle down no long works. Best examples of this are Wisconsin and Kansas and Louisiana. All 3 states have cut taxes to the bone, and all 3 have serious money problems. Even an oil producing state like LA is looking at some serious deficits.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Here's a big difference. Reagan had to rebuild our military, and that was money well worth spending. Also, due to his policies, the economy was booming and the additional debt was easily handled.

Now look at Obama. Spending all this money, and actually decimating our military. What's he spending on, social programs? Can't wait for the payoff from that. So, no payoff from his spending, economy can't handle the load, and the military still needs to be rebuilt. The best thing for him is people dropping out of the workforce so that the unemployment rate goes down. That really tells you something.

He's an idiot, and we are all getting screwed.

Stop being scared. It's ok, nobodies going to hurt you. America has the biggest ****ing kick ass army in the world, and did the whole time Carter was president too!!!!!! Stop being a *****, stop shaking like a leaf on a tree. It's ok, if we ever really get threatened, bad, we'll nuke another city, kill a couple hundred thousand civilians and teach the world not to **** with us again for 60 years. It's ok, really.
 
Re: Scott Walker cut $541 million in taxes last year. Now his state will miss a $108

Obama claims he took over the worse economy since the great depression

but actually,

he presided over the worse recovery since the great depression.

Twice!!??
 
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