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Originally posted by Sidd Finch
"cut and spend" is exactly what Bush and the Repub congress have been doing. Cut taxes, spend more money. Borrow to make up the difference.
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Pulled us out of the recession.
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Originally posted by Sidd Finch
Name the Dem congress or administration that has caused deficits this big.
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The economy is always getting bigger. It is not the size of the deficit but the deficits size compared to the size of the economy.
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Originally posted by Sidd Finch
Oh, okay. So all we need is ten years of uninterrupted growth and we can start dealing with the Bush debt. Great news!
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Yes it is. But it may be a lot less than ten years.
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Originally posted by Sidd Finch
I'm sorry -- I thought we were in a deficit-causing recession. Which is it?
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We were but now we are in growth and that is why the deficits are getting smaller.
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Originally posted by Sidd Finch Or do we need to be 10 years into an expansion before we see fiscal sanity?
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Depends on the strenght of the growth.
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Originally posted by Sidd Finch
Under Reagan, there was economic growth, but massive deficits.
Under Clinton, there was economic growth, and a surplus.
Under Bush II, there is (supposedly) economic growth, and massive deficits.
Yeah, I'm sure tax cuts to the wealthy have nothing to do with deficits.
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You keep focusing on the President like you have never looked at a constitution. Congress passes the budget.
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Originally posted by Sidd Finch There are tax cuts that spur growth, and tax cuts that are simply benefitting the wealthy without any growth impact. As an example of the latter, the estate tax cuts.
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Your focus on the estate tax demonstrates your incencerity. The Estate tax is an insignificant part of tax revenue. It is like one percent of the revenue we pull in.
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Originally posted by Sidd Finch
Right. Because increasing gov't revenue thru tax raises had absolutely nothing to do with cutting the deficits. And you are ignoring the '93 deficit reduction.
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That was just one year. It took many years of controlled growth and a growing economy. All a factor of fiscal discipline instituted by the Repub congress.
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Originally posted by Sidd Finch Since 1980, we have learned:
Repub President, Dem Congress = massive deficit.
Dem President, Repub Congress = surplus.
Repub President, Repub Congress = massive deficit.
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For the past fifty years we have learned.
Dem Congress = deficits in growing economy and recession.
Repub Congress = declining deficits in a growing economy and increasing deficits in a slowing economy.
What we need is a Repub congress and a growing economy. That is the only formula that works. We have both and the deficits are getting smaller just like they did in the late 1990s.
