RJdxer
Topic Author
Posts: 3523
Joined: Thu Nov 09, 2006 1:14 am

Damn Those Tax Cuts......

Sun Jan 14, 2007 10:41 am

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?
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Falcon84
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Joined: Fri Sep 10, 2004 11:52 am

RE: Damn Those Tax Cuts......

Sun Jan 14, 2007 10:43 am

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.
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ANCFlyer
Posts: 21391
Joined: Mon Nov 15, 2004 3:51 pm

RE: Damn Those Tax Cuts......

Sun Jan 14, 2007 10:49 am

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.
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AeroWesty
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RE: Damn Those Tax Cuts......

Sun Jan 14, 2007 11:34 am

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."
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RJdxer
Topic Author
Posts: 3523
Joined: Thu Nov 09, 2006 1:14 am

RE: Damn Those Tax Cuts......

Mon Jan 15, 2007 12:20 am

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.
Warm winds blowing, heating blue skies, and a road that goes forever. I'm going to Texas!

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