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BUSHCO Tax-Cuts: WHEN Do They Start Working??

 
 
Reply Mon 8 Feb, 2010 11:22 am
Quote:
"When President Bush took office in 2001, the federal budget had been in the black for three years, and continued surpluses were projected for a decade to come.

By the time Mr. Bush left office in early 2009, the government had run big deficits for seven straight years

[CENTER]
What...we're just not patient-enough?

:beat:[/CENTER]
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Type: Discussion • Score: 0 • Views: 1,118 • Replies: 13
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NEUROSPORT
 
  1  
Reply Mon 8 Feb, 2010 06:36 pm
@Mr Shaman,
do you understand anything about BUBBLES at all ?
0 Replies
 
Cato cv
 
  1  
Reply Wed 17 Feb, 2010 05:00 pm
@Mr Shaman,
Republicans have proposed and reproposed the Balanced BUdget Amendment, while Democrats have opposed. Now you know where deficits come from and how to get rid of them!
0 Replies
 
jpn of Seattle
 
  1  
Reply Wed 17 Feb, 2010 11:03 pm
@Mr Shaman,
The facts are indisputable.

Deficits come from voting for Republicans.
Cato cv
 
  1  
Reply Thu 18 Feb, 2010 03:04 pm
@jpn of Seattle,
The facts are indisputable.

Deficits come from voting for Republicans.

CATO: 1) Obama's deficits will be bigger than all other American presidents combined 2) Republicans proposed the Balanced Budget Amendment and got 34 states to sign it before Democrats killed it. Vince Buchannan just reproposed it. It would make deficits illegal!!!

If Democrats would support it, it would pass in a second!

icans
0 Replies
 
jpn of Seattle
 
  1  
Reply Tue 23 Feb, 2010 10:41 pm
@Mr Shaman,
A balanced budget amendment is a great way of pretending to be fiscally responsible without really being fiscally responsible. If someone is so concerned about the deficit, then stop slashing unnecessary taxes for the rich, stop initiating unfunded wars, and stop passing massive Medicare expansions without funding them (all done by the Republicans in the last 8 years).

The deficit is huge today because a) it was already huge when Obama entered the White House, b) the Great Recession's effect on reducing tax income into the federal coffers, and c) because of the necessary stimulus spending which kept the Great Recession from becoming the Great Depression.

Unlike the temporary stimulus spending, the spending on unnecessary wars and the tax loss from reckless but politically advantageous tax cuts on the rich will continue long after the recession is over.
Cato cv
 
  1  
Reply Tue 23 Feb, 2010 11:05 pm
@jpn of Seattle,
jpn of Seattle;70487 wrote:
A balanced budget amendment is a great way of pretending to be fiscally responsible without really being fiscally responsible. If someone is so concerned about the deficit, then stop slashing unnecessary taxes for the rich, stop initiating unfunded wars, and stop passing massive Medicare expansions without funding them (all done by the Republicans in the last 8 years).

The deficit is huge today because a) it was already huge when Obama entered the White House, b) the Great Recession's effect on reducing tax income into the federal coffers, and c) because of the necessary stimulus spending which kept the Great Recession from becoming the Great Depression.

Unlike the temporary stimulus spending, the spending on unnecessary wars and the tax loss from reckless but politically advantageous tax cuts on the rich will continue long after the recession is over.


Cato: pretending??? The BBA is a way to make fiscal responsibility the law! Republicans got 34 states to sign it before Democdats killed it because fiscal responsibility would kill them.
jpn of Seattle
 
  1  
Reply Tue 23 Feb, 2010 11:10 pm
@Cato cv,
Cato;70489 wrote:
Cato: pretending??? The BBA is a way to make fiscal responsibility the law! Republicans got 34 states to sign it before Democdats killed it because fiscal responsibility would kill them.


So instead, the Republicans passed massive unfunded tax cuts, started massive unfunded wars (Afghanistan was justified, Iraq was not, not funding either was irresponsible), and passed a massive unfunded expansion of Medicare.

I'm so impressed with the Republican's concern for deficits. :beat:
NEUROSPORT
 
  1  
Reply Tue 23 Feb, 2010 11:36 pm
@jpn of Seattle,
Voltaire wrote:
paper money eventually returns to its intrinsic value - zero


there you have it fools - the man said it. it doesn't matter what monkey is in the white house - Bush or Bam - the result is the same.

Voltaire - Wikipedia, the free encyclopedia

the only thing you're going to accomplish by arguing whether it was republican or democrat fault is make yourself die sooner due to stress.
Cato cv
 
  1  
Reply Wed 24 Feb, 2010 07:02 pm
@jpn of Seattle,
jpn of Seattle: So instead[of the BBA], the Republicans passed massive unfunded tax cuts, started massive unfunded wars (Afghanistan was justified, Iraq was not, not funding either was irresponsible), and passed a massive unfunded expansion of Medicare.

I'm so impressed with the Republican's concern for deficits. :beat

CATO: it seems you miss the point. Obamas spending will be 3 times Bushes!! THe Republicans know they need help and so proposed the BBA and just reproposed the BBA again. Democrats are subversive devils too stupid to know they need help and so kill the BBA. Is that really over your head??
jpn of Seattle
 
  1  
Reply Wed 24 Feb, 2010 09:35 pm
@NEUROSPORT,
Voltaire was a literary genius, not an economic one.
0 Replies
 
jpn of Seattle
 
  1  
Reply Wed 24 Feb, 2010 10:05 pm
@Cato cv,
Cato;70530 wrote:
... it seems you miss the point. Obamas spending will be 3 times Bushes!! THe Republicans know they need help and so proposed the BBA and just reproposed the BBA again. Democrats are subversive devils too stupid to know they need help and so kill the BBA. Is that really over your head??


Oh Cato, are you even trying to discuss this sincerely and honestly?

Let's be real. As we all know, the stimulus spending is mostly temporary, enacted in order to keep the Great Recession from becoming another Great Depression. Indeed, much of the emergency spending, like the TARP, was being spent before Obama set foot in the White House.

A great deal of the deficit is simply the result of declining tax receipts due to an economy suppressed by the Great Recession. The decline in tax receipts was four times the cost of the stimulus spending: Breaking Down the Deficit

http://www.americanprogress.org/issues/2009/11/img/increasedspending.jpg

The stimulus, by the way, worked, according even to Republicans: Think Progress REPORT: After Voting To Kill Recovery, 110 GOP Lawmakers Tout Its Success, Ask For More Money

And the stimulus worked according to the CBO: http://www.cbo.gov/ftpdocs/110xx/doc11044/02-23-ARRA.pdf

But after the stimulus money runs out, Bush's tax cuts will still keep crippling the budget, unless the Democrats to the unpopular thing and restore rates to where they were prior to the irresponsible Bush tax cuts. And then there's that idiot war in Iraq Bush decided was vital to our national security, but not so vital as to actually, you know, pay for it.

Want economic and fiscal responsibility? The history of the past 30 years is clear. Vote Democratic. :peace:
NEUROSPORT
 
  1  
Reply Thu 25 Feb, 2010 12:45 am
@jpn of Seattle,
jpn of Seattle;70539 wrote:
the stimulus spending is mostly temporary
Cato cv
 
  1  
Reply Mon 1 Mar, 2010 04:57 pm
@NEUROSPORT,
CATO:
... it seems you miss the point. Obamas spending will be 3 times Bushes!! The Republicans know they need help and so proposed the BBA and just re proposed the BBA again. Democrats are subversive devils too stupid to know they need help and so kill the BBA. Is that really over your head??



Liberal: Oh Cato, are you even trying to discuss this sincerely and honestly?

Liberal: Let's be real. As we all know, the stimulus spending is mostly temporary, enacted in order to keep the Great Recession from becoming another Great Depression.

CATO: actually it only makes things worse by creating another bubble just like the housing bubble. If that's over your head please free to ask questions.

Liberal: Indeed, much of the emergency spending, like the TARP, was being spent before Obama set foot in the White House.

Cato: Tarp will all be paid back!!

Liberal: A great deal of the deficit is simply the result of declining tax receipts due to an economy suppressed by the Great Recession. The decline in tax receipts was four times the cost of the stimulus spending: Breaking Down the Deficit


CATO: don't be silly Obama is a very liberal who plans on huge deficits for his entire 8 years!!

The stimulus, by the way, worked, according even to Republicans: Think Progress REPORT: After Voting To Kill Recovery, 110 GOP Lawmakers Tout Its Success, Ask For More Money

CATO: how can a government housing bubble or stimulus bubble work? Its artificial liberal spending that merely interferes with free market resource and job allocation. When you tax money for the stimulus you de stimulate the economy so there can be no net gain! Ask questions if you don't understand yet!

And the stimulus worked according to the CBO: http://www.cbo.gov/ftpdocs/110xx/doc...02-23-ARRA.pdf

Cato: above. Tax the economy and then spend on the economy can be neutral at best.

Liberal But after the stimulus money runs out, Bush's tax cuts will still keep crippling the budget,

CATO: unless of course we cut spending as any household would do in the face of less revenue and a recession

Liberal: unless the Democrats to the unpopular thing and restore rates to where they were prior to the irresponsible Bush tax cuts.

CATO: how can tax cuts be irresponsible in a free society?? The idea of America was that the people would be free not that they government would be free with the peoples money!!

Liberal: And then there's that idiot war in Iraq Bush decided was vital to our national security, but not so vital as to actually, you know, pay for it.

Cato: no idea what your subject is?


Liberal: Want economic and fiscal responsibility? The history of the past 30 years is clear. Vote Democratic.

CATO: now you know better!! The Democrats are against the Balanced Budget Amendment, spending caps, and freezing the debt ceiling. If they could not buy votes with promises of more and more welfare they would cease to exist. Moreover, they make no secret whatsoever of their philosophy to grow the government. Why do you think the CPUSA loves Obama???
0 Replies
 
 

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