Page 38 of 87 FirstFirst ... 28363738394048 ... LastLast
Results 371 to 380 of 862

Thread: GOP plan to extend tax cuts for rich adds $36 billion

  1. #371
    Sage

    Donc's Avatar
    Join Date
    Sep 2007
    Location
    out yonder
    Last Seen
    Yesterday @ 08:29 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    9,427

    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by Conservative View Post
    So the Treasury lies? Got it.

    Fiscal
    Year Year
    Ending National Debt Deficit
    FY1993 09/30/1993 $4.411488 trillion
    FY1994 09/30/1994 $4.692749 trillion $281.26 billion
    FY1995 09/29/1995 $4.973982 trillion $281.23 billion
    FY1996 09/30/1996 $5.224810 trillion $250.83 billion
    FY1997 09/30/1997 $5.413146 trillion $188.34 billion
    FY1998 09/30/1998 $5.526193 trillion $113.05 billion
    FY1999 09/30/1999 $5.656270 trillion $130.08 billion
    FY2000 09/29/2000 $5.674178 trillion $17.91 billion
    FY2001 09/28/2001 $5.807463 trillion $133.29 billion

    I don't see a reduction in debt at the official Treasury website. Please enlighten me.
    Your original question was.

    (When has the Congress ever paid down any of the debt)

    my answer to your original question was
    (I believe ti was during the Clinton years, which had a Republican majority in Congress that did something besides obstruct that did it.)
    Then I posted this to show that for the last two years of the Clinton administration paid the the debt down.

    (The last two years of the Clinton administration.

    The debt was paid down for them two years.

    12/21/1999=====5,728,801,689,365.32

    01/19/2001====5,727,776,738,304.64)
    There, maybe if you start at the top and work you way down that might help you comprehend the ...ah s***..Yep, got it…..Your reading comprehension thingy.
    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

  2. #372
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 09:57 PM
    Gender
    Lean
    Conservative
    Posts
    67,298

    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by Chappy View Post

    You can't be a fiscal conservative and believe that renewing the Bush tax cuts is a good idea in the face of trillion dollar deficits. It's over. Time to pay up.
    Amazing, 3.8 trillion dollars isn't enough for a true liberal. Why not take all our money and then send back whatever the govt. deems appropriate for living expenses. Why don't you volunteer as the first one to participate in that program?

  3. #373
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 09:57 PM
    Gender
    Lean
    Conservative
    Posts
    67,298

    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by donc View Post
    Your original question was.




    my answer to your original question was


    Then I posted this to show that for the last two years of the Clinton administration paid the the debt down.



    There, maybe if you start at the top and work you way down that might help you comprehend the ...ah s***..Yep, got it…..Your reading comprehension thingy.
    I suggest calling the U.S. Treasury Dept. and tell them that their own numbers are wrong. Let me know how that works out. Debt service is applied on the yearly debt,not the monthly debt and every year that debt service is up because the debt is up. That is how the budget process works. A reduction in debt one month doesn't a year make. the official numbers are what I posted and what the interest expense is based upon.

    As has been posted there was no pay down of the debt because there was no yearly budget surplus. Even Bush had months when there was a surplus but that is the way expenses were paid.
    Last edited by Conservative; 08-22-10 at 08:00 PM.

  4. #374
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 01:43 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,803

    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by pbrauer View Post
    The people have no power to force the government to curtail spending.


    The tax breaks sunset at the end of the year as part of the law, he is not raising taxes.
    sure he is-his health care scheme raises taxes. he is raising the social security ceiling as well

    but tell me-if a GOP congress votes to extend the "tax breaks" (or repeal of the clinton tax hikes) do you think Obama would sign that bill or veto it.



  5. #375
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 01:43 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,803

    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by winston53660 View Post
    How did he do that with such high taxes at the time?
    I guess you didn't read his post-his father wasn't one of the people hit with confiscatory tax rates by the new deal ponzi schemers

    why do you libs spend so much time supporting government confiscation of the wealth of others?



  6. #376
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by TurtleDude View Post
    sure he is-his health care scheme raises taxes. he is raising the social security ceiling as well

    but tell me-if a GOP congress votes to extend the "tax breaks" (or repeal of the clinton tax hikes) do you think Obama would sign that bill or veto it.
    I have no idea, I'm not a mind reader. Ask an Ouija board, you could get a better answer from it than me.


  7. #377
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 01:43 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,803

    Re: Dem vs Rep Tax Cut Plan in Graph form!

    ITs a question that didn't need an answer

    of course obama would veto a bill extending tax relief to the source of 70% of the Federal income tax

    class warfare is his main stock in trade



  8. #378
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by Conservative View Post
    I suggest calling the U.S. Treasury Dept. and tell them that their own numbers are wrong. Let me know how that works out. Debt service is applied on the yearly debt,not the monthly debt and every year that debt service is up because the debt is up. That is how the budget process works. A reduction in debt one month doesn't a year make. the official numbers are what I posted and what the interest expense is based upon.

    As has been posted there was no pay down of the debt because there was no yearly budget surplus. Even Bush had months when there was a surplus but that is the way expenses were paid.
    If there was no surplus (and I'm not arguing there was), why did Bush use the Clinton surplus as an argument for his tax cuts?


  9. #379
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 09:57 PM
    Gender
    Lean
    Conservative
    Posts
    67,298

    Re: GOP plan to extend tax cuts for rich adds $36 billion

    Quote Originally Posted by pbrauer View Post
    If there was no surplus (and I'm not arguing there was), why did Bush use the Clinton surplus as an argument for his tax cuts?
    It was a projected surplus not an actual surplus, then there was 9/11 and the recession. I don't remember what Bush said nor do I care. I seem to understand tax cuts more than any politician anyway. It isn't their money first, never was and never will be. I do know how more take home pay affects consumer spending. Why anyone would support higher taxes on anyone just shows how brainwashed some people are. Liberal politicians love having those people to manipulate.

  10. #380
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by TurtleDude View Post
    ITs a question that didn't need an answer

    of course obama would veto a bill extending tax relief to the source of 70% of the Federal income tax

    class warfare is his main stock in trade
    If you believe that crapola then I feel sorry for you. Even before the Bush tax cuts the rich were doing very well for themselves. Your are being duped in to believing the rich are being overtaxed, it simply isn't the case on and individual level.


Page 38 of 87 FirstFirst ... 28363738394048 ... 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
  •