Where did the mammoth US budget deficits come from?

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

  1. Wry Catcher
    Offline

    Wry Catcher Platinum Member

    Joined:
    Aug 3, 2009
    Messages:
    34,519
    Thanks Received:
    4,571
    Trophy Points:
    1,160
    Location:
    San Francisco Bay Area
    Ratings:
    +9,800
    • Thank You! Thank You! x 1
  2. EdwardBaiamonte
    Offline

    EdwardBaiamonte Platinum Member

    Joined:
    Nov 23, 2011
    Messages:
    30,315
    Thanks Received:
    1,243
    Trophy Points:
    1,080
    Ratings:
    +3,798
  3. rightwinger
    Online

    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

    Joined:
    Aug 4, 2009
    Messages:
    130,015
    Thanks Received:
    21,116
    Trophy Points:
    2,190
    Location:
    NJ & MD
    Ratings:
    +52,250
    When have Conservatives ever balanced a budget?
     
  4. eflatminor
    Offline

    eflatminor Classical Liberal

    Joined:
    May 24, 2011
    Messages:
    9,901
    Thanks Received:
    1,542
    Trophy Points:
    245
    Ratings:
    +2,784
    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
    Offline

    Wry Catcher Platinum Member

    Joined:
    Aug 3, 2009
    Messages:
    34,519
    Thanks Received:
    4,571
    Trophy Points:
    1,160
    Location:
    San Francisco Bay Area
    Ratings:
    +9,800
    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
    Offline

    eflatminor Classical Liberal

    Joined:
    May 24, 2011
    Messages:
    9,901
    Thanks Received:
    1,542
    Trophy Points:
    245
    Ratings:
    +2,784
    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
    Offline

    The Rabbi Diamond Member

    Joined:
    Sep 16, 2009
    Messages:
    67,629
    Thanks Received:
    7,823
    Trophy Points:
    1,840
    Location:
    Nashville
    Ratings:
    +18,223
    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
    Offline

    C_Clayton_Jones Diamond Member

    Joined:
    Apr 28, 2011
    Messages:
    41,685
    Thanks Received:
    8,995
    Trophy Points:
    2,030
    Location:
    In a Republic, actually
    Ratings:
    +24,243
    Thank goodness – a BBA is idiocy.
     
  9. eflatminor
    Offline

    eflatminor Classical Liberal

    Joined:
    May 24, 2011
    Messages:
    9,901
    Thanks Received:
    1,542
    Trophy Points:
    245
    Ratings:
    +2,784
    Yea, that's what I thought...crickets.
     
  10. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,792
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,810
    Why did the republicans abandon Paygo?
     

Share This Page