Lies about our national debt, W, Clinton and Reagan (its just accurate information)

[mnbasketball]

The middle class bring home pay is the best its ever been thanks to Ws tax rates. and if you take UE avg of 5% from the mid 80s till 2009 I am unsure how anyone can say that Regan's policies created the largest transfer of wealth
The hi end tax rate went from 39% to 35% (basically). So how hard would it be for the "rich" to increase the amount of wealth they have?

I mean if I get to keep 4% more wealth every year and I make 250,000 per year, thats 10,000.00
the Liberal media have wrote 1000s of columns calling that a transfer of wealth

I guess I have to post this again. I'm sorry I have to do this but some people live in such a fantasy world.

REAL WAGES
1964-2004
Average Weekly Earnings (in 1982 constant dollars)
For all private nonfarm workers
Year Real $ Change
1964 302.52
1965 310.46 2.62%
1966 312.83 0.76%
1967 311.30 -0.49%
1968 315.37 1.31%
1969 316.93 0.49%
1970 312.94 -1.26%
1971 318.05 1.63%
1972 331.59 4.26%
1973 331.39 -0.06%
1974 314.94 -4.96%
1975 305.16 -3.11%
1976 309.61 1.46%
1977 310.99 0.45%
1978 310.41 -0.19%
1979 298.87 -3.72%
1980 281.27 -5.89%
1981 277.35 -1.39%
1982 272.74 -1.66%
1983 277.50 1.75%
1984 279.22 0.62%
1985 276.23 -1.07%
1986 276.11 -0.04%
1987 272.88 -1.17%
1988 270.32 -0.94%
1989 267.27 -1.13%
1990 262.43 -1.81%
1991 258.34 -1.56%
1992 257.95 -0.15%
1993 258.12 0.07%
1994 259.97 0.72%
1995 258.43 -0.59%
1996 259.58 0.44%
1997 265.22 2.17%
1998 271.87 2.51%
1999 274.64 1.02%
2000 275.62 0.36%
2001 275.38 -0.09%
2002 278.91 1.28%
2003 279.94 0.37%
2004 277.57 -0.84%



Source: U.S. Bureau of Labor Statistics

http://www.workinglife.org/wiki/Wages+and+Benefits:+Real+Wages+(1964-2004)

There is no better example of the type of spam that got Obama elected and made GWB out to be what many see him as
Your table makes claim that the average pay in 1978 in a 40 hour week was $7.75 an hour and that in 2004 it was 6.92 an hour?
Cater had the 18% inflation?
so what ever this thing is trying to say then its Carters fault we are where we are?
Dude this is information that makes no sense
what was minimum wage in 2004?
a car in 2004 being bought with a 14,404 annual salary?
and why is it I am not a millionaire by making 310.00 a week the year I get out of high school?

Dude, you will never be making a million dollars a year income as stupid as you are. The figures are the amounts today if we were still in the first year of comparison.

25.00 hr today may only be 7.00 an hr in the first year in the same dollar figure. Otherwise hes saying that you can't buy anymore today then you could then, even though you may be making a hire amount per hr today.


Prior to the Vietnam war we used to run a family on one income, now we can't do it on two.

We have definitely lost value to the middle class, which has went to the top 20%, no doubt about it and it's going to get worse.


Under Ike we were at 100% of GDP to debt. Ike raised the tax brackets to a high of 91% and paid off half the national debt. Does anyone know who lowered the tax rates the most for any president?

 

[Mr. Shaman]

why would people choose Clinton's over Ws?
what did W sit and watch happen?

(Try to make your next question a tough one.

)
​

so 400 billion dollars in added defict with 2 wars and 6 major hurricanes along with 9-11 is something to gloat about?
and let us not forget that was done with a republican congress
Oh-yea
that 400 billion that W had that was more than Clintons?
Tax rebates

Fiscal
Year Year
Ending National Debt Deficit
FY1993 09/30/1993 $4.411488 trillion
FY1994 09/30/1994 $4.692749 trillion $281.26 billion
FY1995 09/29/1995 $4.973982 trillion $281.23 billion
FY1996 09/30/1996 $5.224810 trillion $250.83 billion
FY1997 09/30/1997 $5.413146 trillion $188.34 billion
FY1998 09/30/1998 $5.526193 trillion $113.05 billion
FY1999 09/30/1999 $5.656270 trillion $130.08 billion
FY2000 09/29/2000 $5.674178 trillion $17.91 billion
FY2001 09/28/2001 $5.807463 trillion $133.29 billion


here would be Ws
http://diplomatdc.files.wordpress.com/2009/04/obamadebt.jpg?w=400&h=330

For eight years many liberals complained about the Bush deficit and praised the Clinton surplus. They had an excellent point, but overlooked many key factors. Bush created a Medicare drug entitle*ment which will cost an estimated $800 billion in its first decade. He increased federal education spending 58% faster than inflation. He was also the first President to spend 3% of GDP on federal anti-poverty programs. For some reason the left wing is no longer talking about the deficit.
The above graph does include spending on Iraq and Afghanistan during the Bush years. While Bush did fund the wars through emergency supplementals (not the regular budget process), that spending did not simply vanish. It is of course included in the numbers above.
The Bush deficit declined significantly until early September of 2008 when the global economic crisis began.

BULLSHIT!!!!!

BUSHCO's DEBT started skyrocketing in 2006.....when Medicare D kicked-IN!!!!!

(diplomatdc.com/??? Really?? Someone's private, little Go Daddy domain??? )

Medicare Part D
The BUSHCO HU$TLE

 

[kiwiman127]

I did
its called common sense
You ask for it

Income Inequality: How Census Data Misrepresent Income Distribution
Published on September 29, 1999 by Rea Hederman, Jr. and Robert Rector CENTER FOR DATA ANALYSIS REPORT #99-07

Edit by Moderator: Please remember the copyright rules. NO posting of entire articles or even a large part of them, (one or two paragraphs is good) and source must be linked. Thx.

My numbers aren't from the Census but from the Department of Labor.
And Heritage? I remember reading one of their pieces arguing that wages weren't stagnant, their reasoning was "because wages hadn't decreased".
Try a resource that isn't partisan please. Did I use a partisan resource? No!

Yes
let me add that 1/2 truths are 1/2 truths every where you look
I agree that yu cannot just say that 1978 has anything to do with 2004
40 million jobs where added
that alone is a information that cannot be ignored
I agree heritage is 1/2 truth, but thats the 1/2 that makes that story a whole

Weren't many of those jobs part of dot.com era and didn't the GWB administration start counting part time jobs the same as full time jobs.
Here's a link to the Labor Participation Chart, just for a FYI.
File:US Labor Participation Rate.gif - Wikipedia, the free encyclopedia

 

[Mr. Shaman]

The middle class bring home pay is the best its ever been thanks to Ws tax rates.

.....Yeah, let's totally-disregard....


The FACT is.....if we drop-back to the CLINTON-RATES.....

.....the middle-class WON'T EVEN NOTICE!!!!

"The 1993 budget legislation did increase federal tax receipts. One can not, however, draw from this the conclusion that taxes increased significantly for the majority of taxpayers. The 1993 changes in the tax code increased federal income tax rates only for high-income taxpayers.

The vast majority of taxpayers saw no change in their income taxes as a result of the 1993 law. CBO estimates that most households paid only $38 more per year, as a result of the 4.3 cent per gallon increase in the gas tax."

Bull shit
I made 70,000 in 01 and in 03 and it made 4000 in difference
look you want to give the govt that much more go for it.

You've got some OTHER "trick" way o' paying-down
Lil' Dumbya's Credit Card balance??!!!

​

 

[Mr. Shaman]

There is no better example of the type of spam that got Obama elected and made GWB out to be what many see him as

Yeah.......

......HISTORICAL-DATA!!!!!!!

If it is so funny where is your historical data?

Lemme guess.....you're hyper-text challenged, right??



Here......try this one:

The Failed Corporate Record of George W. Bush

....Seeing-as-how we're STILL talkin'-about "....what many see him as....".

 

[skookerasbil]

Yeah.......

If it is so funny where is your historical data?

Lemme guess.....you're hyper-text challenged, right??



Here......try this one:

The Failed Corporate Record of George W. Bush

....Seeing-as-how we're STILL talkin'-about "....what many see him as....".

Nobody cares about George Bush anymore.................except the k00ks!!!

 

[Charles_Main]

Reagan made the country prosper by pumping a couple trillion dollars worth of borrowed stimulus into it.

Clinton paid the bills, and let the country's prosperity take care of itself.

Clinton Paid the Bills ROFLMAO.

No, a huge increase in Revenues to the fed from the economic activity during the Tech explosion is what "balanced the budget" and even then only for a year or so.

 

[Mr. Shaman]

I did
its called common sense
You ask for it

Income Inequality: How Census Data Misrepresent Income Distribution
Published on September 29, 1999 by Rea Hederman, Jr. and Robert Rector CENTER FOR DATA ANALYSIS REPORT #99-07

Edit by Moderator: Please remember the copyright rules. NO posting of entire articles or even a large part of them, (one or two paragraphs is good) and source must be linked. Thx.

My numbers aren't from the Census but from the Department of Labor.
And Heritage? I remember reading one of their pieces arguing that wages weren't stagnant, their reasoning was "because wages hadn't decreased".
Try a resource that isn't partisan please. Did I use a partisan resource? No!

Yes
let me add that 1/2 truths are 1/2 truths every where you look

....Except for FAUX Noise, where it's......

....ALL Bullshit!!!!!

 

[NYcarbineer]

I bet every damned American would pick the Clinton economy over what Bush sat and watched happen to our country.

Every American with a brain in their head would.


The rest of them were more concerned about him getting a BJ in the White House.

why would people choose Clinton's over Ws?
what did W sit and watch happen?

GW Bush intentionally got rid of the surplus with his tax cuts, which eventually led to the return of massive deficits.

 

[NYcarbineer]

Reagan made the country prosper by pumping a couple trillion dollars worth of borrowed stimulus into it.

Clinton paid the bills, and let the country's prosperity take care of itself.

Clinton Paid the Bills ROFLMAO.

No, a huge increase in Revenues to the fed from the economic activity during the Tech explosion is what "balanced the budget" and even then only for a year or so.

From all that economic activity AFTER Clinton RAISED TAXES (to help fix the Reagan mess) in 1993?

THAT huge increase in revenues?

How is that possible?

 

[Mr. Shaman]

O.K. JRK......BREAK-TIME!!!!!!!

Pull-up a seat.

Ice is the only option, after a serious ass-kickin'!!

My job is done, here......

 

[Eric Cartman]

I just read this whole thread and I just can't believe that JRK doesn't understand the significance of inflation-adjusted mean wage chart that was posted.

Maybe because it completely undermines his/her earlier point?

 

[xsited1]

Every American with a brain in their head would.


The rest of them were more concerned about him getting a BJ in the White House.

why would people choose Clinton's over Ws?
what did W sit and watch happen?

(Try to make your next question a tough one.

)
​

I can't believe people still post this bogus chart. Congress controls spending. Please repeat that over and over again until you get it right.

 

[Sallow]

Reagan made the country prosper by pumping a couple trillion dollars worth of borrowed stimulus into it.

Clinton paid the bills, and let the country's prosperity take care of itself.

Clinton Paid the Bills ROFLMAO.

No, a huge increase in Revenues to the fed from the economic activity during the Tech explosion is what "balanced the budget" and even then only for a year or so.

That was part of it. But Paygo was a great idea. It should have never been punted.