Page 4 of 8 FirstFirst ... 23456 ... LastLast
Results 31 to 40 of 74

Thread: On road to surplus, U.S. detoured into debt

  1. #31
    Doesn't go below juicy
    tacomancer's Avatar
    Join Date
    Jan 2010
    Location
    Cleveland
    Last Seen
    05-20-16 @ 02:42 PM
    Gender
    Lean
    Other
    Posts
    31,781

    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by Harry Guerrilla View Post
    Baby steps my friend, baby steps, we don't all develop the same.
    In a great many instances, we all have different abnormalities.

    More to the point of the thread though and this is something I thought of last night.
    We have a budget that tends to flex up and even if it were fixed to a yearly amount of dollars, with adjustments for inflation.
    We still have a dynamic revenue structure that floats with the economy.
    No matter the method of taxation

    Those things can never be congruent.
    So we need to either, adjust the tax structure follow the budget or the budget to follow the tax structure.
    With one not negatively affecting the other.
    It depends on how one views economics.

  2. #32
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by megaprogman View Post
    It depends on how one views economics.


    It's decidedly in favor of Hayek, but still fun to watch.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  3. #33
    Doesn't go below juicy
    tacomancer's Avatar
    Join Date
    Jan 2010
    Location
    Cleveland
    Last Seen
    05-20-16 @ 02:42 PM
    Gender
    Lean
    Other
    Posts
    31,781

    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by Harry Guerrilla View Post


    It's decidedly in favor of Hayek, but still fun to watch.
    Did you see the second episode to this video?

  4. #34
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by megaprogman View Post
    Did you see the second episode to this video?
    Totally, was excellent.

    I made a thread on it in Art and Entertainment.
    No visitors.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  5. #35
    Bohemian Revolutionary
    Demon of Light's Avatar
    Join Date
    May 2010
    Last Seen
    03-07-17 @ 12:25 AM
    Gender
    Lean
    Independent
    Posts
    5,095

    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by megaprogman View Post
    On road to surplus, U.S. detoured into debt



    So, yes it is a revenue problem, despite what so many here want to believe. Instead of gutting our society, like what paul ryan wants to do, we should just go back to our old tax rates, which would take care of most, if not all, of the problem.
    Hate to break it to you mega, but Clinton's budgetary measures relied more on spending cuts than they did on tax increases.
    "For what is Evil but Good-tortured by its own hunger and thirst?"
    - Khalil Gibran

  6. #36
    Doesn't go below juicy
    tacomancer's Avatar
    Join Date
    Jan 2010
    Location
    Cleveland
    Last Seen
    05-20-16 @ 02:42 PM
    Gender
    Lean
    Other
    Posts
    31,781

    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by Demon of Light View Post
    Hate to break it to you mega, but Clinton's budgetary measures relied more on spending cuts than they did on tax increases.
    and thats fine. However, the article clearly states that revenues have dropped more than spending has gone up.

    I will requote

    The biggest culprit, by far, has been an erosion of tax revenue triggered largely by two recessions and multiple rounds of tax cuts. Together, the economy and the tax bills enacted under former President George W. Bush, and to a lesser extent by President Barack Obama, wiped out $6.3 trillion in anticipated revenue. That's nearly half of the $12.7 trillion swing from projected surpluses to real debt. Federal tax collections now stand at their lowest level as a percentage of the economy in 60 years.

  7. #37
    Professor
    ElCid's Avatar
    Join Date
    Jul 2009
    Last Seen
    08-14-11 @ 04:39 PM
    Gender
    Lean
    Very Conservative
    Posts
    1,784
    Blog Entries
    3

    Re: On road to surplus, U.S. detoured into debt

    The truth is Clinton's so-called 'surplus' was created by Bush Senior. Clinton plunged the nation into debt, destroyed that surplus, and passed it on to GW. All this talk about 'Clinton's surplus' is replete with LIES. Wake up, America. Wake up.
    Last edited by ElCid; 05-01-11 at 05:22 PM.
    NOTICE: I am not a troll, because what I write I believe, and I have no intention of derailing threads or manipulating human nature. I am not a terrorist, because I do not endorse the killing of innocent people, and I am not here to promote violence. I AM HERE ONLY TO EXPRESS MY PERSONAL OPINION AND ENJOY LIVELY DISCUSSION.

  8. #38
    Sage
    VanceMack's Avatar
    Join Date
    Feb 2010
    Last Seen
    Today @ 06:22 PM
    Gender
    Lean
    Independent
    Posts
    54,674

    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by megaprogman View Post
    Yes Vance, being in a recession will of course affect revenues and cause a government to run up debt ... especially if the government is trying to stimulate spending to combat that recession.
    Ah...so its the recessions fault...the global recession. And in the face of a global recession government should spend more and not worry about the debt. And should tax the only members of society that have consistently been productive to cover for everyone else. Pass everyones failings including those of congress onto them. And that debt spending...how is that working so far? How is the unemployment rate doing? Still up under Obamas watch? And thats NOT counting those that have simply dropped off the radar because they are no longer eligible for services.

    The article was a hack article meant to give people ammunition in their mindless arguments to raise taxes on the rich over cutting government spending. And it worked, didnt it?

  9. #39

  10. #40
    Educator shintao's Avatar
    Join Date
    Mar 2011
    Last Seen
    10-19-13 @ 11:47 PM
    Lean
    Undisclosed
    Posts
    994

    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by ElCid View Post
    The truth is that Clinton's so-called 'surplus' was created by Bush Senior. Clinton plunged the nation into debt, destroyed that surplus, and passed it on to GW. All this talk about 'Clinton's surplus' is replete with LIES. Wake up, America. Wake up.
    HAHAHAHHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! LMAO!!! LOL! Thanks for the laugh,.........have some more koolaide!!! heheheeee
    One Tin Soldier Walked Away..................

Page 4 of 8 FirstFirst ... 23456 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •