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Thread: Census finds record gap between rich and poor

  1. #1191
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    The economic numbers say differently. I have never seen so much passion on the part of some when it comes to others keeping more of their own money.
    Well, I've never seen such denial on the part of some who think that paying less taxes will pay for the debt that Bush's tax cuts created. Whats even more astonishing is those same people not only want to pass their debt from the tax cuts and Bush's dirty little war onto future generations but they want to increase that debt by cutting more taxes. Geez, talk about welfare, or should I say stealing other peoples money?

    I suggest you check out the bureau of economic analysis to see economic growth during the Bush years after those tax cuts. Then go to the U.S. Treasury Dept and see the revenue generation after the tax cuts yet for some reason you buy the rhetoric of Bush officials on this issue. I am sure you bought all the rhetoric from the Bush Administration on other issues just like you did on this issue. by the way please explain to me why the U.S. Treasury Dept. doesn't show that Clinton surplus?
    I suggest you check the CBO statistics since those are the figures that matter in this discussion. In regards to your question, "please explain to me why the U.S. Treasury Dept. doesn't show that Clinton surplus?" Because Clinton's surplus was a budget projection made by the CBO for congress. Those are the statistics you should be looking at since it is congress that makes the budget and decides where the money should be spent, not the Treasury. To help alleviate your confusion.....

    Treasury serves a purpose parallel to that of the Office of Management and Budget (OMB) for the estimation of revenues and spending for the executive branch.

    The Joint Committee on Taxation does the estimation of revenues for Congress, and the Congressional Budget Office (CBO) does the estimation of spending for Congress.

    "Before the Bush tax cuts were enacted the Congressional Budget Office (CBO) projected gradually rising federal budget surpluses—from 2.7% of GDP in 2001 to 5.3% of GDP by 2011. Within a few years, CBO was projecting budget deficits. The Bush tax cuts, with a $1 trillion 10-year price tag, contributed to this shift from budget surpluses to deficits"....read.
    http://op.bna.com/dt.nsf/id/egrr-8apued/$File/crs.bush.tax.cuts.10.27.pdf

    Tax cuts = less tax revenue = budget deficit

    Any economic gains made by the Bush's tax cuts was lost in the $3 trillion debt they created.

    Too many people are out of touch with reality when it comes to taxes as they ignore that tax cuts mean more spendable income. why are liberals against that, think about it?
    Have you considered that your reality is based more on misinformation and wishful thinking than fact based analysis? Think about that.
    Last edited by Moot; 11-05-10 at 08:13 AM.

  2. #1192
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    Re: Census finds record gap between rich and poor

    The neverending lie-tax cuts cause a deficit. NO ITS SPENDING THAT CAUSES A DEFICIT

    constantly whining that the rich need to pay more only buys dems the votes of people who are envious

    it doesn't solve the deficit



  3. #1193
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by donc View Post
    Check the numbers out conservative; you will see that “real growth” between the years of 1960, through 2002, shows "real growth" averaged 4.09 percent during dem years, 2.75 percent in repug years.

    How about the ole bugaboo of gubment spending? WELL….under the repugs it was 20.87% of gdp as apposed to 19.58 % for the dems. Even inflation is/was lower under the dem years (wow, shocking when you consider that Carter was during this time frame ) 3.81% compared with 4.85%.

    Then you have the annual deficits with the repugs leading the charge with a 2.74 % of gdp, versus the dems 1.21% of gdp.
    There have only been three times in modern history, JFK, Reagan, and GW Bush, where rates were cut and those years there was strong economic growth as I have pointed on and which you have failed to understand. Again why the passion to raise taxes as that is the issue.

  4. #1194
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    Re: Census finds record gap between rich and poor

    Moot;1059083637]Well, I've never seen such denial on the part of some who think that paying less taxes will pay for the debt that Bush's tax cuts created. Whats even more astonishing is those same people not only want to pass their debt from the tax cuts and Bush's dirty little war onto future generations but they want to increase that debt by cutting more taxes. Geez, talk about welfare, or should I say stealing other peoples money?
    Do you work for the govt, or are you in school and don't pay any taxes at all? Only in the liberal world are tax cuts an expense to the Federal Govt. Tax rate cuts have only happened three times in modern history, JFK, Reagan, and Bush and during all three Administrations GDP Grew as did Govt. revenue.

    I suggest you check the CBO statistics since those are the figures that matter in this discussion. In regards to your question, "please explain to me why the U.S. Treasury Dept. doesn't show that Clinton surplus?" Because Clinton's surplus was a budget projection made by the CBO for congress. Those are the statistics you should be looking at since it is congress that makes the budget and decides where the money should be spent, not the Treasury. To help alleviate your confusion.....

    The CBO for some reason has credibility but only when it makes claims that you support. The Treasury shows where the money was spent and somehow in your world that isn't accurate. Where it is supposed to be spent and where it WAS spent are two different things. There was an increase in debt every year of Bill Clinton thus no surplus.

    Treasury serves a purpose parallel to that of the Office of Management and Budget (OMB) for the estimation of revenues and spending for the executive branch.

    The Joint Committee on Taxation does the estimation of revenues for Congress, and the Congressional Budget Office (CBO) does the estimation of spending for Congress.
    The Treasury Dept. shows where the money was spent and that is all that matters, money spent and revenue collected. Clinton added 1.3 trillion to the debt and no year during his Administration did the dbet go down.

    "Before the Bush tax cuts were enacted the Congressional Budget Office (CBO) projected gradually rising federal budget surpluses—from 2.7% of GDP in 2001 to 5.3% of GDP by 2011. Within a few years, CBO was projecting budget deficits. The Bush tax cuts, with a $1 trillion 10-year price tag, contributed to this shift from budget surpluses to deficits"....read.
    http://op.bna.com/dt.nsf/id/egrr-8apued/$File/crs.bush.tax.cuts.10.27.pdf

    Tax cuts = less tax revenue = budget deficit
    Tax rate cuts=higher consumer spending=greater demand=more jobs=more govt. revenue. Why the passion for higher taxes and no apparent concern over how the money is spent?

    Any economic gains made by the Bush's tax cuts was lost in the $3 trillion debt they created.
    Tax cuts didn't create the debt, spending and the recession caused by the financial bubble bursting did.


    Have you considered that your reality is based more on misinformation and wishful thinking than fact based analysis? Think about that.

    I prefer to base my reality on actual results, not rhetoric or partisan policy that ignores spending and promotes taking more money from the American people

  5. #1195
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    There have only been three times in modern history, JFK, Reagan, and GW Bush, where rates were cut and those years there was strong economic growth as I have pointed on and which you have failed to understand. Again why the passion to raise taxes as that is the issue.
    Typical conservative dodge.

    I’ve posted the links to the “NIPI tables” that contains the info from one of your so-called fav sources (the Bureau of Economic Analysis’) and all you can come up with is your opinion that,

    “There have only been three times in modern history, JFK, Reagan, and GW Bush, where rates were cut and those years there was strong economic growth as I have pointed on and which you have failed to understand. “

    Here is a link that has Inflation data from the years I cited, run the numbers yourself and you will see (if you take your blinders off) that you are wrong…yet again.


    Historical Inflation data from 1914 to the present
    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

  6. #1196
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by donc View Post
    Typical conservative dodge.

    I’ve posted the links to the “NIPI tables” that contains the info from one of your so-called fav sources (the Bureau of Economic Analysis’) and all you can come up with is your opinion that,

    Here is a link that has Inflation data from the years I cited, run the numbers yourself and you will see (if you take your blinders off) that you are wrong…yet again.


    Historical Inflation data from 1914 to the present
    Donc, keep trying to sell the principle that the govt. needs the money more than the American people need to keep their own money. How much more are you sending in each month over your withholding so that you can help the govt. do what you perceive is their responsibility, to provide cradle to grave coverage and take on more personal responsibility issues. Seems that the American public spoke on Tuesday.

  7. #1197
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    Donc, keep trying to sell the principle that the govt. needs the money more than the American people need to keep their own money. How much more are you sending in each month over your withholding so that you can help the govt. do what you perceive is their responsibility, to provide cradle to grave coverage and take on more personal responsibility issues. Seems that the American public spoke on Tuesday.

    Do you post so much s*** that you don’t remember what you post? Let me take you back to post #1172 where you posted this
    ” You nuts? Tax rate cuts did increase govt. revenue as the U.S. Treasury shows. Also GDP growth and unemployment numbers between 2003-2007 refute the liberal rhetoric “
    to mertex.

    Then again in post #1185 you stated this
    ” I suggest you check out the bureau of economic analysis to see economic growth during the Bush years after those tax cuts. “
    to moot.

    I could go on if I wanted to but anyone that’s reading can get a clear picture where I’m going with this.

    Just pointing out how you like to divert when presented with facts showing your wrong.Plus I linked to the page, which you never do. Hhhmm wonder why that is?

    Now here you are, on page 192 of a thread that has been derailed a dozen times desperately trying of argue about….dems trying to grab some tax money from you.

    I may be a dumb ole truck driver but even us dumb ole truck drivers occasionally have a lucid moment.In other words, I have become wise to your bulls***.Just address what I posted or just...keep on diverting.Whatever.
    Last edited by Donc; 11-05-10 at 04:21 PM.
    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

  8. #1198
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by donc View Post
    Do you post so much s*** that you don’t remember what you post? Let me take you back to post #1172 where you posted this to mertex.

    Then again in post #1185 you stated this to moot. I could go on if I wanted to but anyone that’s reading can get a clear picture where I’m going with this.

    Just pointing out how you like to divert when presented with facts showing your wrong.Plus I linked to the page, which you never do. Hhhmm wonder why that is?

    Now here you are, on page 192 of a thread that has been derailed a dozen times desperately trying of argue about….dems trying to grab some tax money from you.

    I may be a dumb ole truck driver but even us dumb ole truck drivers occasionally have a lucid moment.In other words, I have become wise to your bulls***.Just address what I posted or just...keep on diverting.Whatever.
    I stand by those posts as BEA.gov supports that claim, not sure now what your point is. I know a lot of smart truck drivers that were supportive of the GOP Wave election on Tuesday. Apparently you need to wise up to your own Bull**** because the role of the govt. was never intended to be what it is today. The fact is it is the American consumer that drives this economy and until you go to actual results and stop changing them you aren't going to have a lot of credibility.

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    Re: Census finds record gap between rich and poor

    This is the way the majority of the nation works and that helps explain why we are in a bad situation:

    Top 100 School Administrators Salaries and Pensions - Illinois 2007
    Posted: June 08, 2008


    By Bill Zettler


    MAKE THIS STORY GO VIRAL -- You Thought California State Pensions Were Out Of Control? Wait Until You See This List From*Illinois - Home - The Daily Bail

    All the meanwhile politicians have people fighting about the rich, they are giving themselves inflated pensions and salaries.
    Last edited by Gray_Fox_86; 11-05-10 at 04:24 PM.

  10. #1200
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    I stand by those posts as BEA.gov supports that claim, not sure now what your point is.
    Then show me the link that backs up your OPINION. Not just a link to a generic site but need the page number as well.
    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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