Deficit Spending and hyocrisy, a debate worth having.

Discussion in 'Politics' started by Wry Catcher, Feb 1, 2010.

  1. Wry Catcher
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    Wry Catcher Platinum Member

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    "I am not worried about the deficit. It is big enough to take care of itself."
    Ronald Reagan, President of the United States.

    The debate over debt really turns on how much is "too much".
    Between 1935 and 1981 the only significant increases in the deficit occurred during world war II and the Vietnam War.
    Between 1981 and 1989 the Reagan Administration consistently ran annual deficits of $167 Billion and more than doubled the nations outstanding gross debt.
    The Clinton Administration posted four straight years of surpluses and wiped out the annual deficit in 1998; But, the total national debt never decreased because the interest on the debt was highter than the surpluses.
    Bush's tax cut in 2002 turned a $126 Billion annual surplus into a $158 Billion deficit and pushed the total federal debt over $6 Trillion.
    These are facts, what follows is opinion.

    The only way to resolve our current problem is to reduce spending, raise revenue and stop the hysterical emotion based bickering. The Congress needs to look at all ways to increase revenue and all programs to reduce spending. Spending must have a positive cost benefit., based on reason and not emotion.
     
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  2. VaYank5150
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    VaYank5150 Gold Member

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    I agree with your opinion. AND, I would be willing to bet that 95% of the people on this board, regardless of party affililation would agree with you as well. The question that NO ONE has ever been able to answer is, HOW?
     
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Deficits only matter when there is a Republican in office...wait, Clinton had "4 straight years of surpluses" Where was I when this happened?
     
  4. Wry Catcher
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    Wry Catcher Platinum Member

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    Honestly Frank I don't know where you were at, but I'm pretty sure your head was up your ass wherever you were.
    Are you really as stupid as your posts suggest?
     
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  5. ScreamingEagle
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    ScreamingEagle Gold Member

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    "raise revenue"? how is that supposed to happen?

    ...things like more bank "fees" which are just passed on down to the people who have bank accounts....? that's just a sneaky way to tax people...I thought BO promised NO taxes for those making under $250k...:eusa_whistle:
     
  6. Truthmatters
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    Truthmatters BANNED

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    We have to cut spending that does not lead to real progress for this country and raise taxes.

    That is the ONLY way it can happen.
     
  7. ScreamingEagle
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    ScreamingEagle Gold Member

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    raise taxes? so you're saying your boyO is gonna break his promise to the middle class? Or who is he going to target?
     
  8. Truthmatters
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    Truthmatters BANNED

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    when you raise taxes you can target certain income brackets.
     
  9. Midnight Marauder
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    Midnight Marauder BANNED

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    Barack Obama: "Bush spent way too much. My solution is to spend way more."
     
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  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    "The Clinton Administration posted four straight years of surpluses and wiped out the annual deficit in 1998..."

    Wrong in oh so many ways. Newt's congress controlled the budget, remember?
     

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