"Deal of the Century" Shows what will happen

Discussion in 'Politics' started by The Rabbi, Jul 17, 2011.

  1. The Rabbi
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    The Rabbi Diamond Member

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    In 1990 Pres George Bush, facing increasing deficits, agreed to a "budget deal" that involved higher taxes in exchange for cuts in programs. This was dubbed "The deal of the century" and also violated his "no new taxes" pledge and probably cost him a second term.
    So how did that turn out?
    Crime of the Century: The 1990 Budget Deal After Two Years (more at the source)

    So now Obama and the Dems are offering virtually the same deal: higher taxes in exchange for spending cuts. We've seen this film before and we know how it ends. Taxes will go up. The deficit will not go down, and the economy will continue suffering.
     
  2. Baruch Menachem
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    Baruch Menachem '

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    This is probably the main reason the Republicans are being so intransigent. They remember this.

    Fool me once, shame on you. Fool me twice, shame on me.
     
  3. The Rabbi
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    The Rabbi Diamond Member

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    This is actually more like "fool me for the 10th time". Reagan raised taxes with promises from the Dems that he would get $3 in spending cuts for every dollar of tax increase. Of course it didnt happen. Every time after that someone brought a proposal to raise taxes he said "I'm still waiting for my $3 of cuts."
     
  4. The Rabbi
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    The Rabbi Diamond Member

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    What is "marshall law"? Is that where he gets dressed up liek a field marshal?
    [​IMG]
     
  5. The Rabbi
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    The Rabbi Diamond Member

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    If Dums think raising taxes will close the deficit, they ought to look back at 1990s Deal of the Century.
    It did the opposite of what it was supposed to do. This is what the Dums are pushing for today.
     

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