Quote:
Originally Posted by tw
When Clinton left office, we were on the verge of a surplus. We should restore the same people who ran up the debts this massive? Cheney said, "Reagan proved that deficits don't matter." So those same people will do something different if we elect Romney?
Extremist conservatives create debt messes. They did it under Nixon and George Jr. Republicans who were more moderate and responsible (Reagan, George Sr) raised taxes so as to not create massive debts.
We now have the "deficit that did not matter".
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Clinton did one thing, very well. He freed up business from the bureaucratic nightmare that other administrations revel in. During his terms in office, our position in the scale of freedom to do business, increased significantly. We were in the #5 then. Those days are long gone now, of course. We rank about #20, now.
You're taking one sentence from Cheney, out of context, and pretending it's a Conservative Commandment. That's your argument, really?
Cheney saw, like everyone else, how Reagan used the increase in our spending, to counter the Soviets military build up, and thus compel them into bankruptcy by their need to feel ultra secure, which they are famous for.
Due to their history of invasions from the West (Germany, France, etc.), and their own propaganda, they thought we were going to invade or "conquer" them. Like we "conquered" the Philippines, Japan, West Germany, France, Morocco, Tunisia, Libya, Australia, The Solomon Islands, South Korea, and all the other countries we've had our troops land in.
That's not the same thing as saying that deficits don't matter - only that you have to be careful with it. Look at WWII - our national debt climbed to record high levels, but you would have to agree that it was a worthwhile reason to allow it to do so.
To have a Trillion dollar increase in our debt, year after year, is simply an irresponsible act that WILL crash our entire monetary system. Surely you know THAT much.
Let's base our decisions on facts, and not on out of context quotes from out of office politicians.
And you are lying about Reagan increasing taxes, as a whole. You've made that assertion, and have been shown incorrect with regard to individual income tax rates.
Do you want to investigate Corporate tax rates during Reagan's terms in office? Yeah, I thought not!
When you're wrong, you should at least have the decency to admit it.
Reagan was our last conservative President. If you wanted to look at just the fiscal policy, you'd see that Clinton was the most conservative President, on economic policy, since Reagan.
Bush II was socially conservative, but not fiscally conservative, at all.
Bush I made an agreement with Congressional Leaders from the Democrats, to raise taxes now, and they would agree to support cutting spending, in the next session of Congress.
So he did raise taxes - which immediately branded him a liar to the public because of his famous pledge: "read my lips, no new taxes". Of course, the Democrats would not support cutting spending, as they had promised they would. They increased spending, instead!
And George H. Bush was toast.
We've seen that over and over. We call it the "I'll be glad to pay you next Tuesday, for a hamburger today" promise, after the cartoon character who said it so often.
I get it that you like Obama. If his fiscal policies worked, I'd support him for another term, gladly.
But they don't work, and I don't want to see another 4 years of economic slow-down. A lot of people are suffering right now.