Bush Fairy Tales
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busybody..
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TWB
And your point is?
You do know, dont you, that there is NO EMPIRICAL CORRELATION between a deficit and anything!
DONT YOU?
And your point is?
You do know, dont you, that there is NO EMPIRICAL CORRELATION between a deficit and anything!
DONT YOU?
Spinaroonie
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Re: TWB
Not true.
There's a big connection between spending and a defecit. Ask the credit card people
busybody said:
Not true.
There's a big connection between spending and a defecit. Ask the credit card people
busybody..
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Credit cards
and the deficits have no economic connection.
It is a fantasy.
If u wish to have an intelligent debate, lets do it!
and the deficits have no economic connection.
It is a fantasy.
If u wish to have an intelligent debate, lets do it!
If there is no connection, no nexus between deficit spending and ANYTHING, then why not just just pay each citizen $50,000 a year, and run up a big ol deficit.
(I know the answer to this question, but the statement that there are no effects of deficit spending is so silly).
(I know the answer to this question, but the statement that there are no effects of deficit spending is so silly).
busybody..
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TWB
Ask them what?
What happened?
Be specific!
Ask them what?
What happened?
Be specific!
Reagan ran on a platform that deficit spending was dramatically effecting the economy in 1980, and causing inflation rates of 21 % etc. Deficit spending was pretty tiny compared to what it was after Reagan's tax cuts. I would agree that there is not a 100% cause and effect relationship between the deficit and any one economic indicator, but to say it somehow has no relationship to anything is silly.
busybody..
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TWB
The 21% interest rates were caused by run away inflation, as a result of the oil embargo and Carters' stupidity.
As a result of Reagans tax cuts, the deficit DID increase......and interest rates dropped......and the economy had dramatic growth.
It was a result of that economic growth, the deficit was wiped out.
There are NO negative consequences of a balloning deficits. UNLESS it is accompanied with stupid economic policies, SUCH AS TAX INCREASES.
Dont confuse a deficit run by the Federal govt and a deficit of an individual or a State.
The 21% interest rates were caused by run away inflation, as a result of the oil embargo and Carters' stupidity.
As a result of Reagans tax cuts, the deficit DID increase......and interest rates dropped......and the economy had dramatic growth.
It was a result of that economic growth, the deficit was wiped out.
There are NO negative consequences of a balloning deficits. UNLESS it is accompanied with stupid economic policies, SUCH AS TAX INCREASES.
Dont confuse a deficit run by the Federal govt and a deficit of an individual or a State.
bknight2602
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Re: TWB
Ahmen bother!
busybody said:
Ahmen bother!
Well, what exactly did Carter's stupiditiy have to do with it? Regan argued that the deficit caused the high inflation. That was my point.
However, if you have deficit spending for long periods of time, monitary policy may cause inflation by dilution of the currency. Taxes will go up eventually to pay for the debt. SOmeone has to pay for the debt service.
However, if you have deficit spending for long periods of time, monitary policy may cause inflation by dilution of the currency. Taxes will go up eventually to pay for the debt. SOmeone has to pay for the debt service.
The dramatic growth was largely luck (the tech sector, low energy costs) which increased the tax revenues of the country, also. I don't think it had much of anything to do with Reagan's tax cuts.
I am glad you are admitting that Reagan was wrong.
I am glad you are admitting that Reagan was wrong.
busybody..
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TWB
Carters feckless policy and his comments of MALAICE caused the world not to have confidence and they pulled money outa the country. And his lack of leadership caused a weak economy.
During Reagan the DEFICIT went up.......the interest rates went DOWN!!!!!!!!
Carters feckless policy and his comments of MALAICE caused the world not to have confidence and they pulled money outa the country. And his lack of leadership caused a weak economy.
During Reagan the DEFICIT went up.......the interest rates went DOWN!!!!!!!!
busybody..
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Meant Malaise
Remember?
Remember?
Re: TWB
True, (with regard to the deficit going up and interest rates going down) but interest rates could not go any higher, really. The US economy would not ever support those interest rates for long.
Again, I have stated that there is no point for point or dollar for dollar cause and effect relationship, but there is an effect. In any case, Bush's whole monitary policy, assumptions for justification of his 10 year (read 9) (8% growth) etc. is about as sound as his buddy Kenny at Enron's was.
With the retirement of the boomers coming, Bush has fucked us every way plus sideways.
busybody said:
True, (with regard to the deficit going up and interest rates going down) but interest rates could not go any higher, really. The US economy would not ever support those interest rates for long.
Again, I have stated that there is no point for point or dollar for dollar cause and effect relationship, but there is an effect. In any case, Bush's whole monitary policy, assumptions for justification of his 10 year (read 9) (8% growth
) etc. is about as sound as his buddy Kenny at Enron's was. With the retirement of the boomers coming, Bush has fucked us every way plus sideways.
RhumbRunner13
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Re: TWB
I think the Reagan tax cuts actually increased revenues dramatically, as did the Kennedy tax cuts. Seems to me if revenues increased, then the only way to increase deficits is to dramatically increase spending. The military programs that Reagan spent on only took a small portion of the revenue increase. Who spent the rest?
Rhumb
busybody said:
I think the Reagan tax cuts actually increased revenues dramatically, as did the Kennedy tax cuts. Seems to me if revenues increased, then the only way to increase deficits is to dramatically increase spending. The military programs that Reagan spent on only took a small portion of the revenue increase. Who spent the rest?
Rhumb
busybody..
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TWB
The Federal Govt has NO RIGHT to run a surpluss, it is OUR money and should be returned to us, who paid the taxes in the first place.
And further, the ONLY reason, actually the primary reason for the current deficit is:
The War on Terrorism (thanks to Clinton), National Security and a slowing economy as a result of 9/11 (thanks to Clinton).
Absent that, Would we be heading into a deficit? Would you advocate we abandon the War on Terror?
The Federal Govt has NO RIGHT to run a surpluss, it is OUR money and should be returned to us, who paid the taxes in the first place.
And further, the ONLY reason, actually the primary reason for the current deficit is:
The War on Terrorism (thanks to Clinton), National Security and a slowing economy as a result of 9/11 (thanks to Clinton).
Absent that, Would we be heading into a deficit? Would you advocate we abandon the War on Terror?
busybody..
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RHUMB
Great point.
The Donkeys (DEMONcrats) increased the spending!
Great point.
The Donkeys (DEMONcrats) increased the spending!
It will be interesting to see what the effects of the bushy tax cut are. I disagree with the argument that Reagan's tax cuts caused growth. I heard people arguing that the Clinton years were good becasue of the 1981 tax cuts, not the 1993 budget of Clinton's. At some point, the relationships get too complicated to say that one person's policies affected the whole economy in one way. However, if there are no negative effects to deficit spending, why not just pay everyone a big fat salary! Whoo hoo! print up the bucks!
Re: TWB
With some of the statements you are making, I can see that discussing anything with you, even to disagree, would be fruitless. To somehow say clinton is responsible for 9/11 is so stupid, I think I will put you on ignore.
BTW, the surplus is not a surplus until there is no deficit. THat ain't the case.
Bye.
busybody said:
With some of the statements you are making, I can see that discussing anything with you, even to disagree, would be fruitless. To somehow say clinton is responsible for 9/11 is so stupid, I think I will put you on ignore.
BTW, the surplus is not a surplus until there is no deficit. THat ain't the case.
Bye.
busybody..
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TWB
Clintons economic policy?
You have a short memory. Clinton was almost irrelovent, remember?
Until he adopted the Republican economic theories.
I dont wanna continue, it is boring.......I wanna see PUSSY and BREASTS..........
Clintons economic policy?
You have a short memory. Clinton was almost irrelovent, remember?
Until he adopted the Republican economic theories.
I dont wanna continue, it is boring.......I wanna see PUSSY and BREASTS..........
busybody..
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TWB
It was under Clinton the WTC was bombed in 93 and he did nothing.
It was under Clinton the Kohabar Towers, Embassys, and the Cole happened, also his bugging out of Somalia, REMEMBER?! And all he did was LOB a few missles at an empty lot!
It was this cowardice that EMBOLDENED the terrorrists,THEY HAD NO FEAR of retribution!
It was under Clinton the WTC was bombed in 93 and he did nothing.
It was under Clinton the Kohabar Towers, Embassys, and the Cole happened, also his bugging out of Somalia, REMEMBER?! And all he did was LOB a few missles at an empty lot!
It was this cowardice that EMBOLDENED the terrorrists,THEY HAD NO FEAR of retribution!
Spinaroonie
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Re: TWB
Jesus Christ! You are right!!!!
I will email the president!!!!
Dear Bushy-Wushy
Please hunt down and exterminate a man by the name of William Jefferson Clinton, according to a man by the name of "Busybody" he is responsible for the WTC attacks that have made you so popular. Please forget Osama Bin Laden and Al Qaeda. Oh wait. You already have.
Hugs and Kisses,
Spin.
busybody said:
Jesus Christ! You are right!!!!
I will email the president!!!!
Dear Bushy-Wushy
Please hunt down and exterminate a man by the name of William Jefferson Clinton, according to a man by the name of "Busybody" he is responsible for the WTC attacks that have made you so popular. Please forget Osama Bin Laden and Al Qaeda. Oh wait. You already have.
Hugs and Kisses,
Spin.
