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Thread: Senate deal averts shutdown

  1. #21
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    Re: Senate deal averts shutdown

    Quote Originally Posted by Eighty Deuce View Post
    I am trying to find something credible in your post .... and it just is not there.

    All of the cuts proposed by such as the Tea Party, which have no official plan of cuts, btw, are not cuts in spending, but cuts in rate of increase. If we only increase spending by 1% per year, we are at a balanced budget in about four years, from a 1.5T deficit now. If we only increase by 2%, then its closer to 8 years.

    Reagan's economy was a masterpiece. He fixed the boondoggle of the 70's, and paved the way for the 90's.

    Clinton had no surplusses. Show me one year where the debt went down. Last time was 1957, btw. Eisenhower, not Clinton. Don't give me smoke and mirrors. Go to the debt. It does not lie. It is practiacally the only thing that does not lie. However, Clinton and the GOP did a marvelous job reducing growth in government, and I do not mean to belittle his efforts. Just claims that he ran any surplusses. He surely did not.

    Not to be confused with Obama the inept jackass. Worst President even, and it ain't close.
    That is not the definition of a surplus. How many times must this be repeated.

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    Re: Senate deal averts shutdown

    Quote Originally Posted by Henrin View Post
    Spending didn't end the great depression. In fact, all of the big spending projects destroyed the economy every time they were tried. Just like when Obama did it, btw.
    Right...more Austrian orthodox bull**** that goes against empirical and historical evidence.

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    Re: Senate deal averts shutdown

    And how many times does it need to be repeated that his surplus was caused by taking money out of SS.

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    Re: Senate deal averts shutdown

    Quote Originally Posted by StillBallin75 View Post
    Right...more Austrian orthodox bull**** that goes against empirical and historical evidence.
    Look at the growth right after his plans. The economy crashed into the toilet.

    Stimulus doesn't work, period. Its runs with the assumption that if people spend the money they get from their jobs people will hire. The problem is the jobs are temporary and it has no relationship that can cause people to hire.
    Last edited by Henrin; 09-27-11 at 02:07 AM.

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    Re: Senate deal averts shutdown

    Quote Originally Posted by Henrin View Post
    And how many times does it need to be repeated that his surplus was caused by taking money out of SS.
    FactCheck.org : The Budget and Deficit Under Clinton

    Taking into account Social Security or not, the was still a surplus. The inclusion of Social Security in the equation certainly pretties up the numbers, but the fact that he had a surplus remains.

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    Re: Senate deal averts shutdown

    Quote Originally Posted by StillBallin75 View Post
    FactCheck.org : The Budget and Deficit Under Clinton

    Taking into account Social Security or not, the was still a surplus. The inclusion of Social Security in the equation certainly pretties up the numbers, but the fact that he had a surplus remains.
    Taking money out of SS to cause a surplus isn't a surplus. Its taking money out of an obligation to put towards other means.

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    Re: Senate deal averts shutdown

    Quote Originally Posted by Henrin View Post
    And those polices are?

    Tax cuts? I'm sorry but if that is all you got it's weaksauce.
    Tax cuts and deregulation. The motivation of capitalism in its current incarnation is to make as much money as possible in as short a time as possible, even if that screws you in the long term. Give people the nod to do it, and they will, every time.
    For: legalizing drugs, gay marriage, abortion, guns, universal health care, public sector jobs, nuclear power, free education, progressive taxation
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    Re: Senate deal averts shutdown

    Quote Originally Posted by Henrin View Post
    Taking money out of SS to cause a surplus isn't a surplus. Its taking money out of an obligation to put towards other means.
    Did you read what he just said? Even if you ignore the money taken from SS, there was still a surplus.
    For: legalizing drugs, gay marriage, abortion, guns, universal health care, public sector jobs, nuclear power, free education, progressive taxation
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  9. #29
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    Re: Senate deal averts shutdown

    Quote Originally Posted by sawyerloggingon View Post
    Live in the now and stay on subject. We are broke and dems want to go even more in debt, reps want to at least break even.
    You must be kidding. The Republicans are interested in using the debt crisis to reduce the size of government. They have no interest in 'breaking even'. If they did, they would embrace or at least consider discussion on tax increases as a component to deficit reduction given that almost all credible economists and those that have studied the issue have recommended a combination of expenditure cuts and tax increases. The dems, at least, unlike the counterparts, are talking about using all of the tools in the toolkit.

    Moreover, given the fact that we went from little to no annual deficit to annual deficits that exceed $1T per year under Republican leadership, there is no track record to support your assertion and every bit of evidence to refute it.
    Last edited by upsideguy; 09-27-11 at 02:31 AM.

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    Re: Senate deal averts shutdown

    Quote Originally Posted by atrasicarius View Post
    Tax cuts and deregulation. The motivation of capitalism in its current incarnation is to make as much money as possible in as short a time as possible, even if that screws you in the long term. Give people the nod to do it, and they will, every time.
    Deregulation didn't cause the housing bubble. If anything there was more regulation in that time than before.

    As for you assumption that capitalism is about short term goals and trying to tell the housing bubble was capitalism is dishonest.

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