If you want to lower the deficit...
 

Interesting, from New York Times columnist David Leonhardt.

http://marketplace.publicradio.org/d...r-the-deficit/

The health care bill is supposed lower Medicare costs next decade.

The GOP wants to repeal that part though.

One, cuts to Medicare. (Gotta do it right though - whatever that is)
Two, cuts to Social Security. (Dunno how to do this effectively)
Three, military cuts. No question - MUST happen.
Four, tax increases. (If need be, then its gotta be on EVERYONE. We all must share. Removing some loopholes/deductions would be a good start.)

Actually this is wrong. Economic growth would cut the deficit faster than any other factor. This is one reason why, in many economic conditions, decreased tax rates lead to higher tax revenues.

So why did Clinton fix the economy by doing the opposite?

Every dollar in tax cuts results in about $0.70 in economic improvement. The only thing that creates long term economic growth is balanced budgets. Diminished short term growth and increased long term growth.

After a decade of George Jr tax cuts, what did we get? The worst recession since 1929. To keep his ponzi scheme working, George Jr had to keep implementing tax cuts and other welfare to the rich. Just like the Kennedy tax cuts, we end up paying for it massively four and more years later. Tax cuts are nothing more than another ponzi scheme - a money game.

We must know pay for all those George Jr 'welfare to the rich' programs. That means diminished growth to pay for so many lies in the 2000's - including "Mission Accomplished". The only monetary policy that creates economic growth is responsible fiscal policies. Nothing else. Tax cuts are another myth that money games can fix the economy.

W's tax cuts led to pretty nice revenue increases in 2005, 2006 and 2007 but were quickly negated by additional spending. The recession was caused by something else entirely.

Clinton didn't increase taxes much, but he enjoyed an economic boom which canceled the deficit.

Could one also conclude that decisions made during the Reagan era were instrumental in creating that "economic boom" - at least in part?

No

It is entirely disingenuous of you to suggest that.

In fact, by the time Clinton took office the economy was already growing. Additionally, the end of the Cold War helped to allow major cuts in the military which in turn led to a reduction in the size of government. Funny how he took credit for that when in reality it wasn't Clinton's policies that enabled this to come to fruition, it was IN LARGE PART Reagan's.







80%
WMD
George jr.
mission accomplished

Reagan and daddy bush were responsible for the stock market crash of 1987 and the recession of '90-'91, but Clinton, even with higher taxes, was responsible for the growing economy through the '90s.

BTW, Dutch was also responsible for middle class income stagnation.

I will respectfully disagree.

This recession is completely traceable to fiscal mismanagement at the highest levels of government mostly in 2000s. And the timeline for the recovery also corresponds to the type of recession only created by fiscal mismanagement.

If the recovery started in Nov 2009 as economist predict, then the recessionary period has ending just like other recessions created by government mismanagement. That means job losses will continue until about next summer. And then other economic parameter will only recover slowly. Timeline appears to be on target for a recession created by extremist political hocus-pocus economics. Or should we say voo-doo economics.

Those early 2000 tax cuts are part of the problem. Add to the lies another $trillion from Mission Accomplished - to attack someone who was not a threat. Add more money because in early 2000, wacko extremist virtually surrendered Afghanistan to the Taliban. More debts we are paying today because of extremist lies.

Or the $billion spent on a useless Constellation space program. The 2% reduction of American worker salaries during 8 George Jr years. How did the economy get better when American standards of living dropped? Oh. The rich got even richer due to George Jr welfare - the tax cuts that only enriched the rich.

The average American say his income drop 2% - but the tax cuts and resulting massive deficits that now further reduce the average Joe's wealth - that is good? Please. Tax cuts are voo-doo economics. A short term economic boost (maybe four years) followed by pain a decade later.

George Jr's tax cuts did exactly what I predicted here back in the early 2000. Thanks to his voo-doo economics, well, George Jr's decade is the only decade that saw American incomes drop - other than the great depression. During the George Jr miracle tax cuts, the average American salary dropped 2%. A budget surplus was raids to help pay for the tax cuts. And now we have a massive deficient due to George Jr - including his tax cuts.

But somehow the extremist rhetoric still says tax cuts are good. As Warren Buffet so accurately said so many years ago, the only tax cut is one that cuts spending. George Jr increased spending. Especially in Mission Accomplished - an obvious and intentional lie. Another reason, directly traceable to wacko politics and mismanagement, which created this recession. This recession is the type only created by fiscal mismanagement.

The same people even assigned White House lawyers to rewrite science papers. The same people would also rewrite history and economics.

You must when politics are more important than reality. What happens when extremists rewrite history and economics. Same people who blamed everything on Clinton. Who lied about Mission Accomplished. Who even let bin Laden go free.

You do not even give one good reason for your beliefs. You disagree because the politics says how to think. Beliefs that are in lockstep with the politics that created this massive recession, massive debts, .... and even forget that TARP was created by George Jr's administration.

This recession was created by massive fiscal mismanagement that included tax cuts. My god. They even lied about the cost of Mission Accomplished - $2billion. Lying government officials – who even rewrote science papers that contradicted their politics - created this recession.

And now we would reelect these scumbags? They even lie about TARP to attack it. TARP was created by George Jr’s administration.

2/3 of the people taking this quiz got that wrong.

Wrong
Look them up yourself.

Incorrect again

Wow. All the intelligence and reasoning of Urbane Guerilla.

Gotta back up TW

http://en.wikipedia.org/wiki/Trouble...Relief_Program

From wiki, but nonetheless as far as I know it matches other sources.

Haven't thoroughly investigated, but this might be useful info:

http://freegovinfo.info/node/2225

What? Vermont got a million dollars! Why I oughta...

You threw out your biased OPINION of me. I stated factually that you were incorrect - AGAIN. Just like the last thread we did this in where tw was proven wrong and wasn't man enough to admit it.
What makes you think I would waste any more time refuting your bullshit. Those statements of yours aren't even worth refuting.

You posted extremist rhetoric without supporting facts. Your soundbyte denials earned an appropriate challenge. And, of course, you were again wrong - as proved by your empty reply.

morethanpretty posted more supporting facts. An example of what informed people do. Contrary to wacko extremist rhetoric, TARP may have been so carefully implemented as to maybe make a profit.

More examples of why George Jr’s extremist agenda created current, massive deficits and so many other problems are listed in Fracking - where is it headed ?. You ignored reality then. And you will ignore reality now.

You still do not even give one good reason for your beliefs.

Long term damage due to the political agenda was defined years ago. Recession created by tax cuts and fiscal mismanagement was predictable. We are now suffering consequences of George Jr’s ‘welfare to the rich’ (and other lies including Mission Accomplished). All directly traceable to extremism that now praises Palin and O’Donnell.

So where are your facts? Again I call upon you to post supporting facts. You don’t. You cannot. Again you ignore so much damage to America summarized here. Instead you are doing it again. Facts replaced by soundbyte accusations and personal insults. Where are your facts? Why do I keep asking? Why do you even deny this long history?

The 1990s were the longest period of growth in American history. What did Clinton do early in his administration? He raised taxes. Why do extremists so conveniently forget that? Using your soundbyte reasoning, a tax increase created jobs. Reality. A balanced budget created many years of economic prosperity. Tax cuts – welfare to the rich – have a history of creating, many years later, one of the worst recessions in American history. How convenient that you ignore facts.

America is finally in a long term process of fixing its fiscal mismanagement. It will take a decade. Money games - ie tax cuts for the rich - were never a solution.

What creates jobs? When the richest have a smaller percentage of the wealth. When the people who create most jobs - the other 98% - are wealthier. What happened to the other 98% due to tax cuts and other lies? Their income dropped 2%. Just another reason for job losses. How to make a prosperous America with more jobs? Wealth among those with lowest incomes must increase at the expense of the wealthiest.

Sorry Tom, Your baseless lies and accusations do not deserve any response. Your tactic of throwing around accusations in order to get the accused to defend himself thereby avoiding any discussion is infamous, yet tiresome. It is a common and well known tactic among extremists, you have apparently learned well.

Oh, and quoting yourself three times in one post is a lame attempt to offer some type of credibility to yourself is really pathetic - even for you.

Any questions tom, see post #21.

Translation. You cannot defend massive deficits and economic destruction created by an extremist president. Your economics, politics, and lies demonstrate why government blew out a budget surplus. And then incurred $trillions more debts on more wacko extremist lies - ie Mission Accomplished, ‘welfare to the rich’.

Why do we now have Christine O'Donnell? Wacko extremists need new frontmen for their extremist agenda. To subvert everything from stem cell research to government oversight of a most corrupt American industry - the finance industry. To even subvert our relationships with other nations. Hate of Muslims (ie O'Reilly, Beck, Limbaugh) in lower Manhattan is how extremists rally their supporters - including you.

You did not even know TARP was created by George Jr. Competent fiscal management might even result in a profit. Unknown where extremist news sources will not discuss this reality. Avoided in your every posts. Repeated because you still deny reality. Extremist news sources forget why we have deficits and a massive recession. Eight years of George Jr and his extremist administration. Their politics are your politics. You would return them to destroy the American economy but again?

No matter how often you spin it - balanced budgets came from Clinton. Massive debts, economics destruction, and even the biggest corruption scandel in American history are directly traceable to your extremist political policies. You did not even know TARP was created by George Jr.

You cannot defend yourself. Deficits are directly traceable to extremism, the associated corruption, and defacto lies. Same extremist politics that massacred 4.400 good Americans in Iraq for no purpose now lies about who created these deficits. When lying, best is to only post soundbytes and insults. O'Reilly would be proud.

I need not defend myself. You are incorrect. You cannot admit that.

Repeating the same thing does not make it true - no matter how many time you continue your rant.
I am much more informed than you want to think. Infinitely more than you could possibly admit.
Now run along and pick on someone else. You are incorrect and boring me.

Boy do I have you by the balls. You reply immediately - with same empty accusations and (as usual) without even one fact. Extremism, lies, and soundbyte logic. Synonyms.

How to end the deficit? Ban the bomb. Wipeout war. Let scientists do science. Watch over Wall Street. Eliminate extremists. Soundbytes actually based in reality.

BTW TARP was created by George Jr. Same political agenda that also let bin Laden go free. Or did you forget reality again?

Sorry tommy, I have a firm grip on reality. I made no accusation. Just the fact that
YOU ARE WRONG - again. And that you cannot admit it.
But go ahead and keep on ranting and raving. You are almost to the point of being humorous.

Continue throwing your bullshit against the wall - some MIGHT stick, but that would be attributed to luck moreso than fact.

Cue the next rant in 3...2...1...

Do you mean that he's wrong about TARP?

Replies so similar to UG's. But at least he tried to post reasons why.

How ironic. You said you were bored and would leave. And still your replies come only minutes later. Good to know you sit waiting for my every post with bated breath.

Reality remains fact on. You did not even know TARP was created by George Jr. Right out of the extremist playbook to blame Obama for TARP, massive deficits, and the recession. All is directly traceable to eight years of a political agenda.

But again, more facts while you reply with insults, accusations, and unsupported denials. This screwed up economy is directly traceable to wacko extremist policies including and not limited to 'tax cuts to the rich' and Mission Accomplished. Even bin Laden runs free thanks to extremist rhetoric.

Oh. That's right. You 'knew' bin Laden was dead. How did that popular extremist myth turn out for you? Oh. I'm sorry. Another reality. bin Laden runs free thanks to domestic extremists. Insults, derogatory names, and denials do not change reality.

We have so much to thank extremist rhetoric for creating. Your reply (in minutes) should include, "Your welcome."

Reasons why what?
Why you were wrong? How shall I prove my innocence when you have not even attempted to prove guilt? \All you have done is made baseless accusations.

That is, as you put it, FACTUALLY INCORRECT.
Now you have made this incorrect assumption several times. Please try to support that somehow. please. You cannot, because you know you are wrong and cannot.
Again You are incorrect. Where did I blame Obama for TARP? And if I recall correctly, TARP was relatively successful and may have actually turned a profit.
But again, more facts while you reply with insults, accusations, and unsupported accusations.

Again you are factually incorrect. I posted that he reportedly died years ago and posted the supporting sources that reported that. I thought it was interesting and shared it with the board.
Insults, derogatory names, and denials do not change reality.
Things like your long wined factually incorrect posts? Yeh - thanks - NOT.
For someone who appears to be so intelligent at times, you are really quite ignorant the rest of the time.

Slow night on the cellar, I'm bored. Replying to you is sorta like a cat playing with a mouse. Like the mouse, you're pretty much dead (and we all know it) You have no argument - just the same ole tired rhetoric. Meh, I think I'll go take a nap now.

No, that he is wrong about me knowing about TARP.
Anyone that disagrees with tw or thinks differently than he must be an extremist in his mind. That has been plainly proven many times. Unfortunately for him, andas hard as he tries, he cannot paint me as such for one simple reason - I am not an extremist.
We just disagree on some things and he cannot have that - it doesn't fit into his theoretical reality.

Notice I didn't use FTFY.

Just messing with you, but that has to The Quote of the Week.


:lol: