The Bush Deficits and 'the Responsibility Society'

Discussion in 'Politics' started by tpahl, Aug 3, 2004.

  1. tpahl
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    tpahl Member

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    http://www.lewrockwell.com/orig/trask5.html

     
  2. freeandfun1
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    freeandfun1 VIP Member

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    The specific dollar amount is a record. But it is not a record when you take into consideration the deficit as a % of GDP. It isn't even close to a record then.

    But you probably can't comprehend that.
     
  3. smirkinjesus
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    I have commented often on Bush's 5 trillion deficit many times. From a 5 trillion projected surplus to a 5 billion projected deficit. The problem is that most Conservatives are not sophisticated enough to understand how a serious deficit like this will erode confidence in the America economy, increase inflation, increase lending rates for individuals and small businesses.
    Its unfair to future Americans to ask them to pay for Bush's pointless spending spree.
    I think we need a Neocon tax that applies to only registered Republicans as of November 2000. They should have to pay for their mistake, not the rest of us.


     
  4. Annie
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    Annie Diamond Member

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    and open-minded! :beer: At least most of us 'rubes' know where the problems are. WE are not the ones in lock-step behind our 'leader' in the march to 'get the other guy.'
     
  5. freeandfun1
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    freeandfun1 VIP Member

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    I guess they just cannot grasp the concept that if one makes $10,000 and their debt is $500.00 that their deficit is 5%. However, if you increase your income to $20,000 and increase your debt to $750, you deficit is now only 3.75%.

    Too difficutl to grasp I guess.
     
  6. tim_duncan2000
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    tim_duncan2000 Active Member

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    Even the ones who aren't too thrilled with deficits either?
     
  7. smirkinjesus
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    Well, first of all, the term "Conservative" is a misnomer. Today's "Conservatives" aren't really Conservatives. Traditionally Conservatives believed in smaller government, less government interference, fiscal responsibility and isolationism.
    Today's Conservatives believe in huge government, government intrusion in people's lives, nation building and premptive war. About the only thing that remains of the old conservatives is the belief that "Taxes are always bad". Government spending is good though.


     
  8. Annie
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    Annie Diamond Member

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    Actually most of us still agree with smaller government, less government interference, fiscal responsibility. Not Isolationism. War changes priorities. Truth is, without 9/11, GW would probably be in very hot water right now, from the right.
     
  9. ajwps
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    ajwps Active Member

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    Unfortunately the Democrats are for raising the Federal Income Tax and should be allowed to be taxed according to party affliation. Democrats should get their wish with 55% tax levels and the Republicans 10% IRS taxes. This is the stated position of Kerry and his party of taxing spenders.

    Obviously you do not understand how large economies function. The US dollar remains the most stable currency in the world. A deficit only indicates that the government is not sequestering earnings from the pockets of American taxpayers.

    The larger the deficit, the healthier the economy. The only way to lower the perceived deficit is to limit spending on give-away programs that have never worked by pouring more cash in a large cess pool. spending on the needy is good but wasting money increases the deficit. The Congress controls spending and taxes, not the President.

    Clinton called for the largest tax increase in history and once passed by the Congress, the economy began a nose dive that finally appeared towards the end of his two term reign. The Congress will have to stop unnecessary spending and increasing their own salaries and golden parachutes.

    Foreigners are still pouring their own currencies including the Euro into America and its markets. This is the only way other affluent countries can be certain that they will not lose their funds in socialist country economies.

    Government spending on the Iraq/Afghan war and trips to Mars creates American jobs, more demand for American goods and more taxes going back to our Washington spenders.

    People eat and live instead of paying everything they can borrow to the tax coffers of the US Treasury.
     
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  10. tpahl
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    tpahl Member

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    You can not put him in hot water and still support his presidency? I would think that cronstructive criticism would make him a stronger candidate for re-election.

    Travis
     

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