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Damn Those Tax Cuts......  
User currently offlineRJdxer From , joined Dec 1969, posts, RR:
Posted (7 years 3 months 1 week 1 day 14 hours ago) and read 1011 times:

http://www.breitbart.com/news/2007/01/12/D8MJU5901.html

Could you just imagine what we'd be able to do if we could get them to stop spending all that extra cash?

4 replies: All unread, jump to last
 
User currently offlineFalcon84 From , joined Dec 1969, posts, RR:
Reply 1, posted (7 years 3 months 1 week 1 day 14 hours ago) and read 1011 times:

We had a surplus like 8 years ago, may I remind you.

And it doesn't matter why it came about, who's credit is due on it, but we were IN THE BLACK.

This President and his GOP bretheren in the Congress have spent us into oblivion.


User currently offlineANCFlyer From , joined Dec 1969, posts, RR:
Reply 2, posted (7 years 3 months 1 week 1 day 14 hours ago) and read 1001 times:

Quoting Falcon84 (Reply 1):
We had a surplus like 8 years ago, may I remind you.

Yeah, yeah, yeah, and unoccupiable schools in the country, and water systems falling apart, and billions going overseas, and a descimated military, and . . . .

Balanced budget my ass . . . . just waiting on someone to properly manage the budget so we aren't either overspent or underspent . . . ain't happened - last PotUS or next PotUS.


User currently offlineAeroWesty From United States of America, joined Oct 2004, 20322 posts, RR: 63
Reply 3, posted (7 years 3 months 1 week 1 day 13 hours ago) and read 987 times:

Quoting RJdxer (Thread starter):

Could you just imagine what we'd be able to do if we could get them to stop spending all that extra cash?

What extra cash?

"For the year, analysts are still forecasting that the deficit will worsen from last year's total of $248.2 billion, which had been the lowest in four years."



International Homo of Mystery
User currently offlineRJdxer From , joined Dec 1969, posts, RR:
Reply 4, posted (7 years 3 months 1 week 1 day ago) and read 926 times:

Quoting AeroWesty (Reply 3):
What extra cash?

The extra cash that would be there if we could get a Congress and a President that worked together to control spending instead of adding too it. Before you start, it's not just this President or the last Congress. It goes back to FDR administration. The abuse of the federal governments powers goes back to the end of the civil war so this is not something new. It also has little to do with the war effort. It has much more to do with runaway entitlement spending that, unless we find a way to check it, is only going to get far worse in the next 30 years.

Quoting Falcon84 (Reply 1):
This President and his GOP bretheren in the Congress have spent us into oblivion.

As have virtually every other President and Congress going back over 50 years. Only a couple of budgets have been balanced in that time period and they weren't really balanced because they took money that was supposedly earmarked for Social Security. Neither of the two parties in power can claim they are any better than the other when it comes to balancing the national books.

The simple fact remains though, since the tax cuts went into place tax receipts have gotten higher every year. This does not preclude the fact that if there is an economic downturn that receipts will fall but should be an indicator that if you keep the money in the peoples hands and let them spend it, the government makes out much better than if they just take it away as soon as it's earned instead of letting it work.


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