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Thread: Census finds record gap between rich and poor

  1. #1041
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    The debt under Reagan was 1.7 trillion in 8 years. I don't know why Bush 1 raised taxes because Bush 1 had 1.4 trillion in debt in 4 years. Clinton had 1.4 trillion in 8 years. Higher taxes does not mean more revenue to the govt and less debt/
    Sometimes it does, sometimes it doesn't.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by phattonez View Post
    Sometimes it does, sometimes it doesn't.
    Ok, show me any time in the last 3 decades where the debt decreased? Everytime more money goes to the govt. it is spent and raising taxes now isn't going to put 16 million unemployed Americans back to work and thus paying taxes.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    Ok, show me any time in the last 3 decades where the debt decreased? Everytime more money goes to the govt. it is spent and raising taxes now isn't going to put 16 million unemployed Americans back to work and thus paying taxes.
    Oh I know, I'm not talking about the debt necessarily in this case and I don't support giving the government more money, I'm merely pointing out that sometimes a tax increase gets the government more money than otherwise.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    Obama is headed in the wrong direction especiallly since the recession ended last year. There is quite a difference between the economic policy of Reagan vs. Obama's. Reagan was pro growth and Obama's is pro govt. thus the results quite different.

    We’ll see…..after his two terms are over who had the best Presidency.
    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: Census finds record gap between rich and poor

    Quote Originally Posted by donc View Post
    We’ll see…..after his two terms are over who had the best Presidency.
    The people of this country cannot afford 6 more years of Obama. He will get two more but in two years the debt will far exceed annual GDP and that is dangerous and fiscally irresponsible. Even those looking for Obama "stash" are going to be out of luck.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    The people of this country cannot afford 6 more years of Obama. He will get two more but in two years the debt will far exceed annual GDP and that is dangerous and fiscally irresponsible. Even those looking for Obama "stash" are going to be out of luck.


    Swami conservative has the ole crystal ball out again.
    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: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    Ok, show me any time in the last 3 decades where the debt decreased? Everytime more money goes to the govt. it is spent and raising taxes now isn't going to put 16 million unemployed Americans back to work and thus paying taxes.
    The tax rate went up during the Clinton administration.

    How Much Americans Actually Pay in Taxes - NYTimes.com

    The budget deficit turned into a surplus.

    President Clinton announces another record budget surplus - September 27, 2000

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by zip98053 View Post
    The tax rate went up during the Clinton administration.

    How Much Americans Actually Pay in Taxes - NYTimes.com

    The budget deficit turned into a surplus.

    President Clinton announces another record budget surplus - September 27, 2000
    Come on, you are smarter than this, if there was a budget surplus there would be a reduction in the debt and that didn't happen. There are two parts of the debt, public and intergovt. holdings. Both added together make up the total debt. Clinton took money from the Intergovt. holdings which is SS fund and put it into the budget thus creating a public debt surplus but the intergovt. holdings had a deficit thus the total was still in the red. Stop buying the rhetoric, you cannot steal from SS and claim a surplus.

    As for taxes, again why are you so concerned about revenue to the Federal govt? There is absolutely nothing preventing you from sending more to the govt. than is being withheld. Why do you think the govt. needs the money more than you do?

    oh, by the way, it may come as a surprise to you but even Bush had some monthly surpluses and monthly surpluses do not really matter. The only number that matters is the year end number for the fiscal year which ends September 30.

    Here is the actual debt numbers by year.

    Fiscal End Claimed Public Intra-gov Total National
    Year Date Surplus Debt Holdings Debt
    FY1997 9/30/1997 $3.789667T $1.623478T $5.413146T
    FY1998 9/30/1998 $69.2B $3.733864T $55.8B $1.792328T $168.9B $5.526193T $113B
    FY1999 9/30/1999 $122.7B $3.636104T $97.8B $2.020166T $227.8B $5.656270T $130.1B
    FY2000 9/29/2000 $230.0B $3.405303T $230.8B $2.268874T $248.7B $5.674178T $17.9B
    FY2001 9/28/2001 $3.339310T $66.0B $2.468153T $199.3B $5.807463T $133.3B

    Sorry, cannot get the spreadsheet to load properly

    Clinton claimed a surpluse in FY 1998 of 69 billion, 1999 of 123 billion, and 2000 of 230 billion. What this chart is supposed to show is public debt going down those numbers but intra govt. holding debt going up by almost exactly the same amount. The key being the total debt which rose each yr of clinton
    Last edited by Conservative; 10-28-10 at 10:45 PM. Reason: Added debt numbers

  9. #1049
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by zip98053 View Post
    The tax rate went up during the Clinton administration.

    How Much Americans Actually Pay in Taxes - NYTimes.com

    The budget deficit turned into a surplus.

    President Clinton announces another record budget surplus - September 27, 2000
    cause and effect were not proven



  10. #1050
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by TurtleDude View Post
    cause and effect were not proven
    Truth about the Clinton tax increase

    Tax Cuts, Not the Clinton Tax Hike, Produced the 1990s Boom | The Heritage Foundation

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