The Way We Were vs The Way We Are

Discussion in 'Politics' started by Cammmpbell, Nov 16, 2011.

  1. Cammmpbell
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    Cammmpbell Senior Member

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    It took Reagan and the Bushes 30 years to make this mess.

    Reagan and Bush's daddy quadrupled the national debt. Clinton came along, raised taxes and before the end of his second term generated surpluses.

    Along came Slow Walkin' Slow Talkin' George, cut taxes twice, started two wars and doubled the total national debt from $5.7 to nearly $12 trillion.

    It's the tax rates folks...taxes are at their lowest rates in 50 years and the Republicans want to cut them more. This debt crisis will never be settled without the wealthiest Americans once again paying their fair share.

    There were two things which continue to affect our way of life. When Nixon took us off the gold standard a $20 bill would buy a $20 gold piece. Now it takes about 90 $20 bills to buy a $20 gold piece.

    The other thing is the draft... Nixon ended that. The wealthy worry about which ivy league school their kids will attend while the kids of the lower and what used to be the middle class travel to some godforsaken desert 10,000 miles away and fight their wars.

    About the debt again...when Obama assumed office the annual interest on Reagan and the Bushes debt was almost a half trillion dollars a year...that's 500 billion dollars. You didn't think those Communist Chinese banks were loaning that money interest free did you..... For comparison the government spends about 100 billion dollars on education and less than that on the infrastructure.
     
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    Last edited: Nov 16, 2011
  2. editec
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    editec Mr. Forgot-it-All

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    Minor correction


    Until August 15, 1971 the Offical national EXCHANGE RATE of USD to AU was $35.

    The MARKET PRICE for AU was about $40 on that date.
     
  3. JoeB131
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    JoeB131 Diamond Member

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    Not really true. Clinton actually INCREASED the national debt, and his "surpluses" were merely receipts to social security trust fund being greater than deficits in General FUnd expendatures. The growth of the SSTF was due to the reforms Reagan put into place in the 1980's.


    Again, not true. The national debt was about 8 trillion when he got there and 10 trillion when he left. Not a good thing, but Obama's run up more debt in three years than bush's 8.

    Oh, and funny, I thought the War (and it's only one war, not two) was started when some a--holes flew planes into buidlings.

    No, it's not the tax rates, it's THE SPENDING. Government at all levels spends 6 trillion out of a 14 trillion dollar economy. Government would have plenty of revenue if it didn't regulate the job-creators into a box and spend it on the wrong behavior.


    Liberals were the ones who insisted on ending the draft, mostly because the wealthy were finding ways to avoid it.

    Again, not true...

    Government Spending Details: Federal State Local for 2011 - Charts

    The government spends 127 billion on education at the federal level, 237 billion at the state level and 624 billion on the local level. And for all that money spent, we have the dumbest kids in the industrialized world. The total on just transportation infrastructure alone is 281 billion.
     
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  4. Stripes
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    Stripes Rookie

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    With the Obama administration borrowing 43% of every Government espenditure---including those like Solyndra spent so stupidly---you are not going to be able to present any rational evidence of fiscal responsibility in the Obama administration.
     
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  5. Seawytch
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    Seawytch Information isnt Advocacy

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    Anyone who says raising taxes will hurt the economy is ignoring the 50s and the 90s.

    Ask those RWers that want to go back to the "good old days" of the 50s, if they would like that 90% tax rate on the wealthy. :lol:
     
  6. Cammmpbell
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    Cammmpbell Senior Member

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    Right you are... Make that 2 $20's then and 90 now.
     
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  7. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    No, it's the Federal Reserve that's doing it.

    The ChiComms are buying debt from the Privately Owned Federal Reserve who then make us pay it back.

    You wanna' end this debt? Get rid of the Federal Reserve. Which candidate is talking about the Federal Reserve? Ron Paul.

    Which candidate gets the least amount of face time in the debates? Ron Paul.

    Hmm, I wonder why? :confused:
     
  8. Cammmpbell
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    Cammmpbell Senior Member

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    LOL...you don't understand that Japan, Canada and China are buying AAA rated American bonds. I hope the Republican party does run Ron Paul...Barrack Hussein Obama will kick his ass all the way to China
     
  9. westwall
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    westwall USMB Mod Staff Member Gold Supporting Member Supporting Member

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    I guess you're not too current on things? If you would read something other than your commie rags you'd know that Obama managed to lose the US AAA rating.



    The United States has lost its sterling credit rating.

    Credit rating agency Standard & Poor's on Friday lowered the nation's AAA rating for the first time since granting it in 1917. The move came less than a week after a gridlocked Congress finally agreed to spending cuts that would reduce the debt by more than $2 trillion -- a tumultuous process that contributed to convulsions in financial markets. The promised cuts were not enough to satisfy S&P.




    U.S. Loses AAA Credit Rating From S&P | Fox News
     
  10. Cammmpbell
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    Cammmpbell Senior Member

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    Last edited: Nov 16, 2011

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