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Thread: A Democrat who cares about Debt or a Nazi who cares about Jews, who is the biggest fraud?

  1. #61
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    Re: A Democrat who cares about Debt or a Nazi who cares about Jews, who is the biggest fraud?

    Quote Originally Posted by MTAtech View Post
    Yes, the GOP revises history for their purposes. Example: 'It was the Republicans that brought down the debt during Clinton, he had nothing to do with it.'

    This is what Newt Gingrich, who was the GOP Speaker of the House, said at the time: ‘The tax increase will kill jobs and lead to a recession, and the recession will force people out of work and onto unemployment, and actually increase the deficit.’ -- Newt Gingrich, in 1993


    Yup. The "tax increase" was more getting the tax levels back to as before. So, the rich and large corps got all they got and we never got anything back. Remember, Rep leadership also said, when Clinton agreed to limiting "welfare for the poor", to address "welfare for corps". They never did and instead have given more, more, more.

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    Re: A Democrat who cares about Debt or a Nazi who cares about Jews, who is the biggest fraud?

    Quote Originally Posted by Tanngrisnir View Post
    Sad that you have to run screaming from the fact that twump is spending money like the drunken whore he's always been.
    The sad thing is what he is spending it on. War and tax cuts for himself. Imagine if we had spent that deficit on something that actually was good for us long term. Like say new water, power and electrical systems. Or education. Or debt relief for students. Or upgrading our infrastructure that is ancient and crumbling.
    Your mother swims after cruise ships.

    'The law, in its majestic equality, forbids rich and poor alike to sleep under bridges, to beg in the streets, and to steal their bread.' Anatole France

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    Re: A Democrat who cares about Debt or a Nazi who cares about Jews, who is the biggest fraud?

    Quote Originally Posted by MTAtech View Post
    While I agree that Republicans are hypocrites about debt, a balanced budget amendment is a bad idea. The worst part of it is that it ties the government's hands dealing with economic downturns. Economist Paul Krugman gives a good education about government debt here: Opinion | Dwindling Deficit Disorder - The New York Times
    Yes it would tie their hands and they could not spend more then they take in
    IF you had read what I proposed you would have seen that I had exceptions in there for economic downturns ( another great recession or depression ) and for war, only in those cases would we be able to increase the debt
    I also suggested a 1% sales tax everybody would pay and NO entity would be able to deduct it from FIT
    and it would be ONLY for paying off the debt and would expire when the debt was paid off and could not be used for anything else
    It could be re activated IF we had a war or another great recession only after we were back on our feet and on good economic standings.
    this way the debt is being paid off by everybody seeing everybody got the benefit of running it up over the years
    I hope that helped you to understand what I was saying
    Have a nice day

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    Re: A Democrat who cares about Debt or a Nazi who cares about Jews, who is the biggest fraud?

    Quote Originally Posted by MTAtech View Post
    Regarding the part in bold, above: Obama also inherited an economy where revenues fell by half a trillion a year due to that Great Recession. The stimulus wasn't all that expensive, representing ~$750 billion spread over two years. Where we get into problems is conditions that last a long time. The stimulus was temporary.

    I object to the OP statement that Democrats caused the debt problem. Even a cavalier review of history tells us that's nonsense. Reagan presided over a debt that grew by one-third. Clinton, presided over four years of surpluses, due to prudent fiscal management, which included tax increases (that the GOP said would cause a recession.) Bush cut taxes again, and the deficits ballooned. The only thing saving Bush from massive deficits was the housing bubble -- until it burst. Obama inherited massive deficits but managed to cut them by 75%.

    I also object to the OP claiming that liberals didn't care about deficits when Obama was president. That's true. Why? Because deficits aren't something to be worried about when unemployment is 10%. It's better to have massive deficits to create a Keynesian stimulus to bring the unemployed back to work so they can pay taxes and contribute to deficit reduction.
    Reagan ran the debt up 186% ( almost tripled it ) Bush II ran it up 101% the ONLY two Presidents to run the debt up more then all their Predecessors combined and the only two to have doubled the debt.
    When Reagan took over the debt was below 1 Trillion dollars and when he left it was 2,857 Trillion
    US Debt by President: By Dollar and Percent
    Bush II took over it was 5.8 Trillion and added 5.849 Trillion to it leaving Obama a debt of 11.657 Trillion.
    so it is simple math to prove that the Republicans just keep repeating the same old lie about Obama
    HE did not double the debt IF he did then Trump would have taken over a debt of over 23 Trillion but it was ( 19.947 on the day Trump took office ) and 20.244 Trillion on Oct 1 , 2017 when he took over the budget and the debt
    Have a nice day

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