View Poll Results: Would the Democrats prefer to be refered to as "tas and spend" or "Borrow and spend&q

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  • Tax and spend

    2 25.00%
  • Borrow and spend

    1 12.50%
  • Both

    5 62.50%
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Thread: Dems: Tax/spend? Borrow/spend?

  1. #11
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    Re: Dems: Tax/spend? Borrow/spend?

    Quote Originally Posted by Goobieman View Post
    I did read that. I even read it when you originally posted it.

    It seems to me that you are not at all happy that He did not raise taxes suffiicent to cover His spending.

    Correct?
    I think that right now would be a bad time to raise taxes. Its a horrible idea to raise taxes or reduce spending to try to balance the budget in the middle of a recession. However, we probably should raise taxes once economic growth resumes again. I also think that because of the size of the deficits relative to GDP, and the amount of debt carried over from the Bush years, we simply cannot afford anything as ambitious as Universal Healthcare right now.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

  2. #12
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    Re: Dems: Tax/spend? Borrow/spend?

    I think the Dems are Tax and Spend. The Republicans are Borrow and Spend.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

  3. #13
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    Re: Dems: Tax/spend? Borrow/spend?

    Quote Originally Posted by SouthernDemocrat View Post
    I think that right now would be a bad time to raise taxes.
    So, you ARE OK with being a big spending deadbeat freeloader that passes the bill on to you children?

    I also think that because of the size of the deficits relative to GDP, and the amount of debt carried over from the Bush years...
    You do know that the $1.7T deficit He proposes is, in just one year, a little more than half of the total deficits unber Bush -- right?
    Last edited by Goobieman; 02-27-09 at 12:01 PM.

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    Re: Dems: Tax/spend? Borrow/spend?

    Quote Originally Posted by Goobieman View Post
    So, you ARE OK with being a big spending deadbeat freeloader that passes the bill on to you children?
    I was being snarky with that remark because the poll is loaded. Deficits are perfectly acceptable in recessions. In fact, that spending acts a stimulus by offsetting contractions in economic activity in the private sector - basic Keynesian Economics there.

    However, when the economy is growing once again, the goal should be to return to balanced budgets. For example, one should save money when the times are good, dip into those savings in bad times, and replenish them once good times return. Just like its irresponsible not to save some money and pay down debt when you are working, its irresponsible to try to all of a sudden save money when your out of work at the expense of meeting your families needs and paying your house and car payments. The government is no different.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: Dems: Tax/spend? Borrow/spend?

    Quote Originally Posted by Goobieman View Post
    You do know that the $1.7T deficit He proposes is, in just one year, a little more than half of the total deficits unber Bush -- right?
    Bush's deficits were far higher than his administration reported because they treated outlays like the costs of the wars in Afghanistan and Iraq as off budget. Bush inherited the largest surplus in the history of the United States and left office adding more to the national debt than all previous administrations combined.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: Dems: Tax/spend? Borrow/spend?

    Quote Originally Posted by SouthernDemocrat View Post
    I was being snarky with that remark because the poll is loaded. Deficits are perfectly acceptable in recessions. In fact, that spending acts a stimulus by offsetting contractions in economic activity in the private sector - basic Keynesian Economics there.
    This then includes the deficits during the Clinton/Bush recession of 2000-2002 -- right?

    However, when the economy is growing once again, the goal should be to return to balanced budgets.
    I wonder how high the tax rates will need to be to cover the tens of trillions Obama will run up, and what those tax rates will do to the economy.

  7. #17
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    Re: Dems: Tax/spend? Borrow/spend?

    Quote Originally Posted by SouthernDemocrat View Post
    Bush's deficits were far higher than his administration reported because they treated outlays like the costs of the wars in Afghanistan and Iraq as off budget.
    Not so. the CBO numbers incluse -all- spending, including the off-budget spending on the wars. Total comes to ~$3.4T

    Congressional Budget Office - Historical Budget Data

    Bush inherited the largest surplus in the history of the United States and left office adding more to the national debt than all previous administrations combined.
    Dont worry -- its pretty clear that The Obama will make Bush look very very good.

  8. #18
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    Re: Dems: Tax/spend? Borrow/spend?

    Quote Originally Posted by Goobieman View Post
    Not so. the CBO numbers incluse -all- spending, including the off-budget spending on the wars. Total comes to ~$3.4T

    Congressional Budget Office - Historical Budget Data


    Dont worry -- its pretty clear that The Obama will make Bush look very very good.
    Lets see your Republicans in action:



    I think its pretty obvious the total lack of credibility they have on spending and deficits.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: Dems: Tax/spend? Borrow/spend?

    Quote Originally Posted by SouthernDemocrat View Post
    Lets see your Republicans in action:
    I think its pretty obvious the total lack of credibility they have on spending and deficits.
    As I said:
    Don't worry -- its pretty clear that The Obama will make them look very very good.

  10. #20
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    Re: Dems: Tax/spend? Borrow/spend?

    Quote Originally Posted by Goobieman View Post
    As I said:
    Don't worry -- its pretty clear that The Obama will make them look very very good.
    nothing can ever make W. look good.........except the remote chance that Iraq will become a democracy and a friend and ally of the USA.

    who wants to share with me the experience of holding your breath til that happens?
    Oracle of Utah
    Truth rings hollow in empty heads.

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