View Poll Results: Who was the last Republican President to reduce the deficit he received?

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  • George W. Bush

    1 2.08%
  • George H. W. Bush

    1 2.08%
  • Ronald Reagan

    4 8.33%
  • Gerald Ford

    2 4.17%
  • Richard Nixon

    7 14.58%
  • None of the Above

    33 68.75%
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Thread: Who was the last Republican President to reduce the deficit he received?

  1. #81
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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by Boo Radley View Post
    Not sure what you're taking about. It was a reasonable statement. Not partisan either.
    There is nothing reasonable about wanting others to pay more than you do.

  2. #82
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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by Lord of Planar View Post
    There is nothing reasonable about wanting others to pay more than you do.
    I'm willing to pay more than others. I make a decent living. I still believe in the public good. You should read Dickens and Swift.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  3. #83
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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by Boo Radley View Post
    I'm willing to pay more than others. I make a decent living. I still believe in the public good. You should read Dickens and Swift.
    So why should they pay a higher percentage? that is the short solution for the left. Tax them more. That is the wrong approach. Do you have a viable solution?

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    Re: Who was the last Republican President to reduce the deficit he received?

    Obama didn't create the debt. He inherited it from a Republican President. That Republic President inherited a balanced budget from a Democratic President. And so on and so forth.

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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by Lord of Planar View Post
    So why should they pay a higher percentage? that is the short solution for the left. Tax them more. That is the wrong approach. Do you have a viable solution?
    It's a time honored, completely justifiable approach. Accepted until lately. He well off seem to whin more these days. I'm not sure why. But there's nothing radical in the approach.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  6. #86
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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by JumpinJack View Post
    Obama didn't create the debt. He inherited it from a Republican President. That Republic President inherited a balanced budget from a Democratic President. And so on and so forth.
    Yep, and like I pointed out, Nixon was the last president to have the debt reduced on his watch.

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    Re: Who was the last Republican President to reduce the deficit he received?

    1. The last Republican president to successfully put into practice conservative ideals regarding the budget was the most underestimated President in American history, Calvin Coolidge. The last to attempt to do so was Ronald Reagan.

    2. I welcome the agreement from my Democrat friends that reducing the deficit to manageable levels is vitally important, and look forward to discussing plausible ways to get that done.

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    Re: Who was the last Republican President to reduce the deficit he received?

    My first question is, did you actually read the article?

    My second question is were you paying attention to politics during the linked time frame of December 2012?

    Please do not misunderstand me, as I do not ask these questions to be offensive.
    It just seems that you have linked something that proves my point and not your own.

    As the article points out, Obama wanted to raise tax on the rich and was trying to keep the Bush tax cuts in place for the middle class.
    But Republicans, at the time, were only concerned about the top bracket and did not want to give Obama the tax breaks for the middle class without also extending them for the top bracket.
    And what the article's title refers to is that an Obama win for the top bracket could still mean the middle class takes a hit because the Republicans did not want to give him a middle class cut without renewing the cuts for the rich.
    Pretty much expresses my point in that Obama wants only the rich to pay more. Now whether or not that is right, that's an entirely different debate.

  9. #89
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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by Dooble View Post
    In other words, George Bush forced Hussein to drive the deficit up to $17T.
    The circumstances surrounding the time in which he took office made large deficits an inevitability. How much blame Bush the younger receives for that is up for debate. Also, learn the difference between debt and deficit.

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    Re: Who was the last Republican President to reduce the deficit he received?

    Quote Originally Posted by AlabamaPaul View Post
    Well, now that we have the pleasantries out of the way, I don't think we're seeing much from tax increases at this point either. What I am seeing is that, instead of passing a budget each year, the spending is being held back somewhat through the CR process, and that, along with natural growth, is resulting in the deficit reduction.
    I have to disagree with you there. The CBO seems to disagree as well:

    Because revenues, under current law, are projected to rise more rapidly than spending in the next two years, deficits in CBOs baseline projections continue to shrink, falling to 2.1 percent of GDP by 2015

    ...

    CBOs estimate of the deficit for this year is about $200 billion below the estimate that it produced in February 2013, mostly as a result of higher-than-expected revenues and an increase in payments to the Treasury by Fannie Mae and Freddie Mac.

    ...

    Under current law, revenues are expected to increase by 15 percent in 2013, about 4 percentage points more than CBO projected in February and substantially more than the expected growth of about 3 percent in nominal GDP this year. As a result, revenues in CBOs baseline will climb from 15.8 percent of GDP in 2012 to 17.5 percent in 2013, which is slightly below their average of 17.9 percent of GDP over the past 40 years. Revenues have increased robustly so far this year in part because of the expiration of the 2 percentage-point payroll tax cut in January 2013. In addition, receipts of individual income taxes have been boosted by three factors:


    • Beginning in January, tax rates on personal income above certain thresholds went up
    • Some high-income taxpayers realized more income late in calendar year 2012 in anticipation of changes in tax law and therefore paid taxes on that income in fiscal year 2013; and
    • Personal income rose for reasons not related to the changes in tax provisions.


    CBO also attributes some of the growth in revenues this year to increases in the average tax rate on domestic economic profits, which boosted receipts from corporate income taxes.
    http://cbo.gov/sites/default/files/c...-Baseline2.pdf

    Now, if we want to move beyond this, wouldn't it be nice to see growth policies come out of DC?
    I'm always conflicted on what I want from DC. On one hand, it sure would be nice if they could get anything accomplished. On the other hand, the only things they seem to agree on usually are not good for Americans, or at the very least, have little to no effect. Sometimes I'm not really sure what I want from them, even if I know what I'd like to see from them. If that makes sense.
    Quote Originally Posted by Phys251 View Post
    Is that a Monty Python quote?
    I have never seen Monty Python. True story. People mock me all the time because of it.

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