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Thread: Poll: Debt ceiling deal should include cuts and tax increases

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    Re: Poll: Debt ceiling deal should include cuts and tax increases


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    Re: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by Neomalthusian View Post
    January 20, 1981 – January 20, 1989

    The gipper years

    Lets take a look at the Gipper years. Soon after the Gipper took office he signed into law one of the largest tax cuts in the postwar period. The debt held by the public at that time, 1981, was $789.4 (in billions). In 1982, which I imagine would be when the tax cuts kicked in, the debt was $924.6.

    Hhmm…am I seeing the beginning of a trend here? In 1983 it took off big time $1,137.3.In 1984 it was on a roll at $ 1,307.0.1985 it was $ 1,507.3,1986, $ 1,740.6.1987,$1,889.8,1988,$ 2,051.6 finally the end of the gipper years and the nation takes a collective sigh, was topped off with 1989, $ 2,190.7.

    Lets recap the gippers two terms.Debt Held by public was=Jan of 1981,$ 789.4 when the gipper left office it was =$ 2,051.6.Kinda looks like the gipper more than doubled the debt in eight years eh?


    Clinton years
    January 20, 1993 – January 20, 2001

    Lets check out BJ,s(Clinton) numbers.

    Jan of 1993, $ 3,248.4,1994, $ 3,433.1, I would imagine that the tax increase kicked in by now so I would expect to see national debt in a death spiral by 1995, using my winger logic that “tax cuts increase revenue to the treasury “

    So it would seem that increasing taxes should send the debt into orbit.1995, $ 3,604.4,Meh…we’ll see what 1996 brings.1996,$ 3,734.1

    GASP!!This cant be right, the debt should be sky rocking by now…HE RAISED TAXES IN 93!! 1997,$ 3,772.3,OH GOD!! They almost went down; with any luck at all maybe 1998 will bring us a reprieve.

    1998, $ 3,721.1.What the hell!!! Is that little fat girl hanging around the oval office bringing Clinton luck? 1999, $ 3,632.4.

    WTF!!!Pecker tracks all over the oval office??? We cant get a friggen break. With any luck at all the Y2k thingy will maybe kick in .2000,$ 3,409.8.MAN.. this is some serous ****, the only way we can get out of this **** is steal an election.2001,$ 3,319.6

    Now the recap on BJ(Clinton). When he took office the 1993 numbers were $ 3,248.4 when he left office the numbers were $3,319.6.


    Effectively balanced…with a tax increase.


    Sooo…looking at these numbers, explain your theory of “The Kennedy, Reagan and Bush tax cuts increased revenue to the treasury. “


    http://www.cbo.gov/budget/data/historical.pdf
    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: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by treedancer View Post
    January 20, 1981 – January 20, 1989

    The gipper years

    Lets take a look at the Gipper years. Soon after the Gipper took office he signed into law one of the largest tax cuts in the postwar period. The debt held by the public at that time, 1981, was $789.4 (in billions). In 1982, which I imagine would be when the tax cuts kicked in, the debt was $924.6.

    Hhmm…am I seeing the beginning of a trend here? In 1983 it took off big time $1,137.3.In 1984 it was on a roll at $ 1,307.0.1985 it was $ 1,507.3,1986, $ 1,740.6.1987,$1,889.8,1988,$ 2,051.6 finally the end of the gipper years and the nation takes a collective sigh, was topped off with 1989, $ 2,190.7.

    Lets recap the gippers two terms.Debt Held by public was=Jan of 1981,$ 789.4 when the gipper left office it was =$ 2,051.6.Kinda looks like the gipper more than doubled the debt in eight years eh?


    Clinton years
    January 20, 1993 – January 20, 2001

    Lets check out BJ,s(Clinton) numbers.

    Jan of 1993, $ 3,248.4,1994, $ 3,433.1, I would imagine that the tax increase kicked in by now so I would expect to see national debt in a death spiral by 1995, using my winger logic that “tax cuts increase revenue to the treasury “

    So it would seem that increasing taxes should send the debt into orbit.1995, $ 3,604.4,Meh…we’ll see what 1996 brings.1996,$ 3,734.1

    GASP!!This cant be right, the debt should be sky rocking by now…HE RAISED TAXES IN 93!! 1997,$ 3,772.3,OH GOD!! They almost went down; with any luck at all maybe 1998 will bring us a reprieve.

    1998, $ 3,721.1.What the hell!!! Is that little fat girl hanging around the oval office bringing Clinton luck? 1999, $ 3,632.4.

    WTF!!!Pecker tracks all over the oval office??? We cant get a friggen break. With any luck at all the Y2k thingy will maybe kick in .2000,$ 3,409.8.MAN.. this is some serous ****, the only way we can get out of this **** is steal an election.2001,$ 3,319.6

    Now the recap on BJ(Clinton). When he took office the 1993 numbers were $ 3,248.4 when he left office the numbers were $3,319.6.


    Effectively balanced…with a tax increase.


    Sooo…looking at these numbers, explain your theory of “The Kennedy, Reagan and Bush tax cuts increased revenue to the treasury. “


    http://www.cbo.gov/budget/data/historical.pdf
    I wish I could understand people like you as I have never seen so much passion for higher taxes and keeping less of your money. What is it about liberalism that creates this kind of loyalty that ignores actual results and the 15 trillion dollar debt we have today? Anyone that believes higher taxes are going to increase revenue that will be used to lower the deficit is out of touch with reality. Rather frustrating watching this.

    How are you coming on notifying the Treasury that their numbers are wrong? CBO seems to be the gospel for you yet you don't have a clue what the CBO reports and ignores what the bank account of the U.S. shows. I don't get it. Do you work for the govt?

    Debt by year
    http://www.treasurydirect.gov/govt/r...t/histdebt.htm
    http://www.treasurydirect.gov/NP/BPD...application=np

    First with regard to Reagan I find it interesting how liberals always point to the 1.7 trillion dollar debt but not the 17 million jobs created as well as the doubling of GDP and 60% increase in FIT revenue

    Now as for Clinton, here are the facts

    http://www.heritage.org/research/rep...the-1990s-boom

    http://www.forbes.com/sites/peterfer...by-the-left/2/

    http://www.house.gov/jec/fiscal/tx-g...t/reagtxct.htm
    Last edited by Conservative; 12-30-11 at 10:58 PM.

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    Re: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by Conservative View Post
    I wish I could understand people like you as I have never seen so much passion for higher taxes and keeping less of your money. What is it about liberalism that creates this kind of loyalty that ignores actual results and the 15 trillion dollar debt we have today? Anyone that believes higher taxes are going to increase revenue that will be used to lower the deficit is out of touch with reality. Rather frustrating watching this.

    How are you coming on notifying the Treasury that their numbers are wrong? CBO seems to be the gospel for you yet you don't have a clue what the CBO reports and ignores what the bank account of the U.S. shows. I don't get it. Do you work for the govt?

    Debt by year
    Government - Historical Debt Outstanding – Annual
    Debt to the Penny (Daily History Search Application)

    First with regard to Reagan I find it interesting how liberals always point to the 1.7 trillion dollar debt but not the 17 million jobs created as well as the doubling of GDP and 60% increase in FIT revenue

    Now as for Clinton, here are the facts

    Tax Cuts, Not the Clinton Tax Hike, Produced the 1990s Boom

    Reaganomics Vs. Obamanomics: Fallacies Offered By The Left - Forbes

    The Reagan Tax Cuts: Lessons for Tax Reform

    You’re a friggen hoot.Panning CBO while giving a winger think tank as a link.

    Prove me/the numbers I posted wrong. By the way,heres where CBO got their numbers from.


    source
    Congressional Budget Office; Department of Commerce, Bureau of Economic Analysis; Office of Management and Budget.
    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: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by treedancer View Post
    You’re a friggen hoot.Panning CBO while giving a winger think tank as a link.

    Prove me/the numbers I posted wrong. By the way,heres where CBO got their numbers from.


    source
    Congressional Budget Office; Department of Commerce, Bureau of Economic Analysis; Office of Management and Budget.
    The numbers at the Treasury are right as that is the bank account of the United States. BEA.gov will give you the revenue as well as the GDP growth during the Reagan years but you really have no interest in real non partisan sites. I suggest you do some research on the CBO and how accurate their data is. BEA, U.S. Treasury prove you wrong.

    http://www.bea.gov/index.htm

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    Re: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by Conservative View Post
    The numbers at the Treasury are right as that is the bank account of the United States. BEA.gov will give you the revenue as well as the GDP growth during the Reagan years but you really have no interest in real non partisan sites. I suggest you do some research on the CBO and how accurate their data is. BEA, U.S. Treasury prove you wrong.

    U.S. Bureau of Economic Analysis (BEA)

    Give me a synopsis. in the meantime i will go with this "Bureau of Economic Analysis; Office of Management and Budget "
    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: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by treedancer View Post
    Give me a synopsis. in the meantime i will go with this "Bureau of Economic Analysis; Office of Management and Budget "
    Actually it will do you some good to actually do some research and get non partisan data. No synopsis I give you will ever be accepted by you or any brainwashed liberal.

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    Re: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by Conservative View Post
    Actually it will do you some good to actually do some research and get non partisan data. No synopsis I give you will ever be accepted by you or any brainwashed liberal.
    And evidently "Bureau of Economic Analysis; Office of Management"numbers will never satisfy braindead wingers either eh?
    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: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by treedancer View Post
    Lets check out BJ,s(Clinton) numbers.

    Jan of 1993, $ 3,248.4,1994, $ 3,433.1, I would imagine that the tax increase kicked in by now so I would expect to see national debt in a death spiral by 1995, using my winger logic that “tax cuts increase revenue to the treasury “

    So it would seem that increasing taxes should send the debt into orbit.1995, $ 3,604.4,Meh…we’ll see what 1996 brings.1996,$ 3,734.1

    GASP!!This cant be right, the debt should be sky rocking by now…HE RAISED TAXES IN 93!! 1997,$ 3,772.3,OH GOD!! They almost went down; with any luck at all maybe 1998 will bring us a reprieve.

    1998, $ 3,721.1.What the hell!!! Is that little fat girl hanging around the oval office bringing Clinton luck? 1999, $ 3,632.4.

    WTF!!!Pecker tracks all over the oval office??? We cant get a friggen break. With any luck at all the Y2k thingy will maybe kick in .2000,$ 3,409.8.MAN.. this is some serous ****, the only way we can get out of this **** is steal an election.2001,$ 3,319.6

    Now the recap on BJ(Clinton). When he took office the 1993 numbers were $ 3,248.4 when he left office the numbers were $3,319.6.


    Effectively balanced…with a tax increase.


    Sooo…looking at these numbers, explain your theory of “The Kennedy, Reagan and Bush tax cuts increased revenue to the treasury. “


    http://www.cbo.gov/budget/data/historical.pdf
    Nice history 'lesson' but you left off the 'Taxpayer relief Act of 1997', you know the TAX CUTS that increased revenue and reduced the debt you so accurately reported...?

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    Re: Poll: Debt ceiling deal should include cuts and tax increases

    Quote Originally Posted by Dickieboy View Post
    Nice history 'lesson' but you left off the 'Taxpayer relief Act of 1997', you know the TAX CUTS that increased revenue and reduced the debt you so accurately reported...?
    I made the point i was shooting for though.
    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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