Discussion in 'Economy' started by Wry Catcher, Sep 29, 2012.
Here's one breakdown:
Where did the mammoth US budget deficits come from? - Yahoo! News
Most importantly, they came from liberals who killed all 30 Balanced Budget Amendments that Republicans have introduced since Jefferson's first.
Newt's passed the House and fell one vote short in the Senate
When have Conservatives ever balanced a budget?
From the link:
Complete and utter bullshit. No one, I mean NO ONE can say with certainty what happens to tax revenues following a change in tax rates. If we had had higher tax rates (no Bush tax cuts), we might of realized higher revenues but on the other hand, higher rates may have stiffed investments, resulting in less revenue. Point is, no one knows for sure.
You can question the Laffer curve, but you cannot state with certainty the opposite is true. Neither can Peter Grier of the Christian Science Monitor.
He does get it right here:
The solution is also obvious. Live within our means.
Sometimes, to survive, a person, family or a nation cannot live within their means. That's obvious to me, that others do not is amazing.
Feel free to demonstrate how America would not survive on the mere $2.2 trillion of tax revenue we generate each year.
When Obama took office I do not recall anyone worrying about deficits. I do not recall anyone downgrading American credit.
Since Obama has been in office we've seen both. Perhaps a cocksucker like you can appreciate that IT'S ThE SPENDING, moron.
Thank goodness a BBA is idiocy.
Yea, that's what I thought...crickets.
Why did the republicans abandon Paygo?
Separate names with a comma.