- Joined
- Dec 9, 2009
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- 134,496
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- Houston, TX
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- Political Leaning
- Conservative
LOL, run, baby, run!! It is obvious to me that you do not understand how our economy works and I stand by that statement.
Sounds like a typical redistribution of wealth advocate! I suggest going to BEA.gov and use all the tools there to determine economic results and then go to BLS.gov to check out job creation. Those sites are non partisan and present a different picture than you are receiving from the media.
There is no justification to redistribute wealth as it takes aways personal responsibility and ignores the reality that rich people with their spending, savings, and investments help grow the job markets. If the gap is growing between the rich and the poor then the question is why? Rich people take advantage of incentives whereas poor people continue to wait on help from others. You don't seem to understand our economy and judge everyone else by your own standards. Not all poor people have the incentive, drive, or willingness to work hard and get out of their position. I once was poor and worked hard, if I can do it, so can others. This is a country of equal opportunity, not equal outcome which liberals want to try an legislate. Trickle down economics is the only economic policy that makes any sense and works. The results are there even you to see. Go to the sites and then get back to me. Until then your words are just that, liberal talking points that distort reality.
I am already very familiar with conservative arguments against egalitarian redistributive models. Currently however your unemployment levels are to high and the fear being spread by the right is that more social spending will cause inflationary pressures. This is false and inflation really only becomes an issue when unemployment hits 4-5%. Till then economic stimulus does not hurt.
I don't particularly care about equal outcomes or any of that I don't entertain ideological arguments that brought this mess. You need your economy to be fully fixed before you go around pounding your chest about welfare bums. The job creation needed should be in manufacturing exports and not min wage food industry jobs. All this crap about GOP reining in spending is partisan and politically motivated so republicans have something to cry about in the fall. The economy is only just now coming out of the mess it was in it is to early for austerity measures .. on the unemployed.. I can't disregard the republicans cutting back stimulus to the market yet.
You seem very familiar with the argument but not so familiar with the reality of what too much govt. spending does to the value of the dollar. All this spending cannot be sustained and the amount of debt today is unsustainable and that is what the govt. Does. Show me a Government program that cost what it was supposed to cost, did what it was supposed to do, solved a problem and went away? Once govt. creates a program it never goes away. Soon the debt service will exceed the amount spent on the Defense Dept. each year.
Yes, we need the economy fixed and the govt. isn’t the answer, never was, and never will be. That isn’t the role of the govt. but that is the role you want it to be. Continue to buy the Administration rhetoric and ignore the Administration results. Months after Bush took office the cry was “where are the jobs?” When Bush left office there were 11 million unemployed people, now after a trillion dollar stimulus plan there are over 15 million(BLS.gov) I hardly call that a successful stimulus yet now some are calling for more govt. spending. Personal responsibility doesn’t seem to exist in the liberal world. It is going to be the private sector that gets us out of this mess not the govt.
Really, tax cuts brought debt to the table? Provide proof of that please because BEA.gov and the U.S. Treasury Dept. numbers prove differently. Where do you get your information? Seems that tax cuts brought more govt. revenue to the table so how can that be?
As for what the Republicans did, during difficult times difficult decisions have to be made. The GOP made a tough decision. I support it.
So that is your logic, tax cuts that increased govt. revenue contributed to the debt because there were no spending cuts? Do you realize how stupid that argument is? Tax cuts increased govt. revenue, period, and that is proven by the U.S. Treasury website which is the checkbook of the U.S.
Again, prove me wrong with verifiable non partisan sources like the U.S. Treasury or BEA.gov.
Tax revenues for 2009 were down down 17%.
Bush-era tax cuts — Through 2011, the estimated impacts come from adding up past estimates of various changes in tax laws — chiefly the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA), the 2008 stimulus package, and a series of annual AMT patches — enacted since 2001. Those estimates were based on the economic and technical assumptions used when CBO and the Joint Committee on Taxation (JCT) originally “scored” the legislation, but the numbers would not change materially using up-to-date assumptions. Most of the Bush tax cuts are scheduled to expire after December 2010 (partway through fiscal 2011). We added the cost of extending them, along with continuing AMT relief, from estimates prepared by CBO and JCT.[16] (We did not assume extension of the temporary tax provisions enacted in ARRA.) Together, the tax cuts account for $1.7 trillion in extra deficits in 2001 through 2008, and $3.4 trillion over the 2009-2019 period. Finally, we added the extra debt-service costs caused by the Bush-era tax cuts, amounting to more than $200 billion through 2008 and another $1.7 trillion over the 2009-2019 period — and $330 billion in 2019 alone.
How long are you going to blame Bush for the Democrat created recession and the fact that Obama is doing nothing to help get us out of it? It isn't Bush economic policy that is leading to the current results nor was it Bush policies that led to the sub prime financial collapse. You need to get off the Bush bashing and get the actual facts from the sites I gave you. You obviously went to the site to get the reduction in govt. revenue now explore the rest of the site to see economic growth numbers. Go to BLS for the employment numbers. You have a problem with facts getting in the way of your personal opinions.
Yep, I am for real and have real facts. listen to Barney Frank and Chris Dodd regarding Freddie Mac and Fannie Mae. Apparently the MSM media didn't tell you that it was Democrats that pushed mortgages for people who couldn't afford the payments. Apparently civicis wasn't a strong suit for you as you ignore that Congress makes the laws not the President and Congress has been under the control of the Democrats since January 2007. When exactly did the recession begin?
By the way do you know what the Community Reinvestment Act is? For someone your age you sure are misinformed.
Frank's fingerprints are all over the financial fiasco - The Boston Globe