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Thread: November Deficit Highest on Record

  1. #71
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    Re: November Deficit Highest on Record

    Quote Originally Posted by haymarket View Post
    I have done the research and it tells me the direct opposite you are claiming.

    So i extend to you the opportunity to present your case that the Bush tax cuts created jobs. Please present your evidence and i will be happy to look at it. Assuming, of course, that you have the evidence to present.

    I will be out for a while so take your time.
    Then site your sources which you never have done. Bureau of Labor Statistics is non partisan and seems to be quoted by liberals when it serves their purpose thus it is not being quoted now, wonder why?

    From the BLS, Employment by month since 1980

    Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    1980 99879 99995 99713 99233 98945 98682 98796 98824 99077 99317 99545 99634
    1981 99955 100191 100571 101056 101048 100298 100693 100689 100064 100378 100207 99645
    1982 99692 99762 99672 99576 100116 99543 99493 99633 99504 99215 99112 99032
    1983 99161 99089 99179 99560 99642 100633 101208 101608 102016 102039 102729 102996
    1984 103201 103824 103967 104336 105193 105591 105435 105163 105490 105638 105972 106223
    1985 106302 106555 106989 106936 106932 106505 106807 107095 107657 107847 108007 108216
    1986 108887 108480 108837 108952 109089 109576 109810 110015 110085 110273 110475 110728
    1987 110953 111257 111408 111794 112434 112246 112634 113057 112909 113282 113505 113793
    1988 114016 114227 114037 114650 114292 114927 115060 115282 115356 115638 116100 116104
    1989 116708 116776 117022 117097 117099 117418 117472 117655 117354 117581 117912 117830
    1990 119081 119059 119203 118852 119151 118983 118810 118802 118524 118536 118306 118241
    1991 117940 117755 117652 118109 117440 117639 117568 117484 117928 117800 117770 117466
    1992 117978 117753 118144 118426 118375 118419 118713 118826 118720 118628 118876 118997
    1993 119075 119275 119542 119474 120115 120290 120467 120856 120554 120823 121169 121464
    1994 121966 122086 121930 122290 122864 122634 122706 123342 123687 124112 124516 124721
    1995 124663 124928 124955 124945 124421 124522 124816 124852 125133 125388 125188 125088
    1996 125125 125639 125862 125994 126244 126602 126947 127172 127536 127890 127771 127860
    1997 128298 128298 128891 129143 129464 129412 129822 130010 130019 130179 130653 130679
    1998 130726 130807 130814 131209 131325 131244 131329 131390 131986 131999 132280 132602
    1999 133027 132856 132947 132955 133311 133378 133414 133591 133707 133993 134309 134523
    2000 136559 136598 136701 137270 136630 136940 136531 136662 136893 137088 137322 137614
    2001 137778 137612 137783 137299 137092 136873 137071 136241 136846 136392 136238 136047
    2002 135701 136438 136177 136126 136539 136415 136413 136705 137302 137008 136521 136426
    2003 137417 137482 137434 137633 137544 137790 137474 137549 137609 137984 138424 138411
    2004 138472 138542 138453 138680 138852 139174 139556 139573 139487 139732 140231 140125
    2005 140245 140385 140654 141254 141609 141714 142026 142434 142401 142548 142499 142752
    2006 143142 143444 143765 143794 144108 144370 144229 144631 144797 145292 145477 145914
    2007 146032 146043 146368 145686 145952 146079 145926 145685 146193 145885 146483 146173
    2008 146421 146165 146173 146306 146023 145768 145515 145187 145021 144677 143907 143188
    2009 142221 141687 140854 140902 140438 140038 139817 139433 138768 138242 138381 137792
    2010 138333 138641 138905 139455 139420 139119 138960 139250 139391 139061 138888

  2. #72
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    Re: November Deficit Highest on Record

    the lost decade after the Bush tax cuts

    The lost decade for the economy - washingtonpost.com

    the great economic decade before the terrible Bush tax cuts

    http://clinton5.nara.gov/WH/Accompli...tyears-03.html



    Mine explains the information rather than just give ...er ... well... whatever it is that you have in your post.

    You will note that there were over 22 million jobs created in the Clinton decade while the decade of the Bush tax cuts saw pretty much zero job creation.
    Last edited by haymarket; 12-11-10 at 04:35 PM.
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    Re: November Deficit Highest on Record

    Quote Originally Posted by haymarket View Post
    the lost decade after the Bush tax cuts

    The lost decade for the economy - washingtonpost.com
    thanks but I prefer the non partisan sites that provide the actual data. Bush inherited a recession from Clinton, had 9/11 which hurt the economy, then the financial bubble burst with the Democrats in control of Congress and yet allowing people to keep more of their own money which still benefits the working today added 4.5 trillion to GDP and a net job creation of 6.5 million jobs. In two years Obama has added trillions to the debt and 4 million more unemployed for a net 4 million job loss.

    Now you can keep diverting to the Bush years but do so at the expense of your own credibility. It doesn't even matter now because Obama is in office and is the only President in U.S. history to have trillion dollar deficits and on his way towards his third. As the thread topic states Bush was no where to be found with the November deficit, the highest on record or the 4 million jobs lost since Obama signed the stimulus. Seems that the statue of limitation never runs out on those that want to blame Bush. That is what irresponsible people do, always find someone else to blame.

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    Re: November Deficit Highest on Record

    If the data presented in those two articles is wrong- feel free to point it out and we will discuss it.


    The fact is simple and undeniable: Higher tax rates under Clinton helped give us prosperity, 22 million jobs and handed off a surplus to the next president. Lower tax rates under Bush have given us a lost decade of misery, lost jobs, lost income and set the stage for continuation when handed to the new president.

    You stated that the Bush cuts produced jobs.
    from your post #65
    History shows that tax cuts raised govt. revenue and created jobs, why won't that happen today?
    Sorry - did not work out that way. I can understand your frustration with the historical record on the Bush years. You have my sympathies. But it is what it is.

    Thanks George Bush. You were handed a championship team and turned them into losers in record time.
    Last edited by haymarket; 12-11-10 at 04:44 PM.
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    Re: November Deficit Highest on Record

    Quote Originally Posted by haymarket View Post
    If the data presented in those two articles is wrong- feel free to point it out and we will discuss it.


    The fact is simple and undeniable: Higher tax rates under Clinton helped give us prosperity, 22 million jobs and handed off a surplus to the next president. Lower tax rates under Bush have given us a lost decade of misery, lost jobs, lost income and set the stage for continuation when handed to the new president.

    You stated that the Bush cuts produced jobs.
    from your post #65


    Sorry - did not work out that way. I can understand your frustration with the historical record on the Bush years. You have my sympathies. But it is what it is.

    Thanks George Bush. You were handed a championship team and turned them into losers in record time.
    One article reports percentage change and the other reports actual dollars. I am sure you understand the difference. Do you spent the percentages or the real dollars. GDP growth was 4.5 trillion from Dec. 2000 to Dec. 2008 and job growth was 6.5 million net by the end of his term and 8.5 million at the end of 2007. The jobs suffered in 2008 and continue to suffer today. Bush didn't spend trillions of dollars to generate a 4 million job loss and create a 150 billion deficit in November.

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    Re: November Deficit Highest on Record

    Quote Originally Posted by Conservative View Post
    One article reports percentage change and the other reports actual dollars. I am sure you understand the difference. Do you spent the percentages or the real dollars. GDP growth was 4.5 trillion from Dec. 2000 to Dec. 2008 and job growth was 6.5 million net by the end of his term and 8.5 million at the end of 2007. The jobs suffered in 2008 and continue to suffer today. Bush didn't spend trillions of dollars to generate a 4 million job loss and create a 150 billion deficit in November.
    By the way, you obvoiusly bought in the rhetoric about Clinton but ignored what happened in 1994 which had a greater impact. The GOP Congress repealed much of the Clinton tax increases and actually cut taxes which promoted economic growth. Keep re-writing history.

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    Re: November Deficit Highest on Record

    Quote Originally Posted by CriticalThought View Post
    Who cares about deficits? What is important that Paris Hilton gets her tax cut.
    She won't get a TAX CUT she will get a TAX EXTENTION.
    Catch me if you can.

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    Re: November Deficit Highest on Record

    Quote Originally Posted by haymarket View Post
    If the data presented in those two articles is wrong- feel free to point it out and we will discuss it.


    The fact is simple and undeniable: Higher tax rates under Clinton helped give us prosperity, 22 million jobs and handed off a surplus to the next president. Lower tax rates under Bush have given us a lost decade of misery, lost jobs, lost income and set the stage for continuation when handed to the new president.

    You stated that the Bush cuts produced jobs.
    from your post #65


    Sorry - did not work out that way. I can understand your frustration with the historical record on the Bush years. You have my sympathies. But it is what it is.

    Thanks George Bush. You were handed a championship team and turned them into losers in record time.
    Clinton's ability to create jobs and bring down the deficit happened because the GOP repealed his tax increases while Bush on the other hand had congress and the house ruled by the democrat's majority, this is what happened, besides Bush was not a 100% republican he was a progressive republican and loved to spend money.
    Catch me if you can.

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    Re: November Deficit Highest on Record

    Quote Originally Posted by haymarket View Post
    If the data presented in those two articles is wrong- feel free to point it out and we will discuss it.


    The fact is simple and undeniable: Higher tax rates under Clinton helped give us prosperity, 22 million jobs and handed off a surplus to the next president. Lower tax rates under Bush have given us a lost decade of misery, lost jobs, lost income and set the stage for continuation when handed to the new president.

    You stated that the Bush cuts produced jobs.
    from your post #65


    Sorry - did not work out that way. I can understand your frustration with the historical record on the Bush years. You have my sympathies. But it is what it is.

    Thanks George Bush. You were handed a championship team and turned them into losers in record time.
    Wrong Clinton cut the military in half. There were cuts in spending that balanced the budget it did nothing for the debt.

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    Re: November Deficit Highest on Record

    Quote Originally Posted by ptif219 View Post
    Wrong Clinton cut the military in half. There were cuts in spending that balanced the budget it did nothing for the debt.
    History tells Haymarket a different story but as usual Haymarket tries to re-write it while ignoring actual history. All this is nothing more than a diversion from the current mess and the man Haymarket helped put into the WH. A liberal can never admit when wrong and one can only wonder why? Funny how the sites I gave Haymarket tells a different story, guess that is why it is ignored.

    Something to think about

    The top 1% of wage earners make 20% of all income and pay 38% of all taxes.
    The top 5% of wage earners make 34.7% of all income and pay 58.7% of all taxes.
    The top 10% of wage earners make 45.8% of all income and pay 69.9% of all taxes.

    The bottom 50% make 12.8% of all income and pay 2.7% of all taxes.

    Currently approximately 47% of all Americans pay nothing and actually get money back making their tax rate negative.

    Source - IRS published figures.
    Last edited by Conservative; 12-11-10 at 09:31 PM.

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