Where did the mammoth US budget deficits come from?

Discussion in 'Economy' started by Wry Catcher, Sep 29, 2012.

  1. Wry Catcher
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    Wry Catcher Platinum Member

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  2. EdwardBaiamonte
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    EdwardBaiamonte Platinum Member

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  3. rightwinger
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    rightwinger Award Winning USMB Paid Messageboard Poster

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    When have Conservatives ever balanced a budget?
     
  4. eflatminor
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    eflatminor Classical Liberal

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    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.
     
  5. Wry Catcher
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    Wry Catcher Platinum Member

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    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.
     
  6. eflatminor
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    eflatminor Classical Liberal

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    Feel free to demonstrate how America would not survive on the mere $2.2 trillion of tax revenue we generate each year.
     
  7. The Rabbi
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    The Rabbi Diamond Member

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    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.
     
  8. C_Clayton_Jones
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    C_Clayton_Jones Diamond Member

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    Thank goodness – a BBA is idiocy.
     
  9. eflatminor
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    eflatminor Classical Liberal

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    Yea, that's what I thought...crickets.
     
  10. uscitizen
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    uscitizen Senior Member

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    Why did the republicans abandon Paygo?
     

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