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  #21 (permalink)  
Old 08-10-2006, 09:52 AM
Marcus1124 Marcus1124 is offline
Secretary of Defense
 
Member Since: Dec 2004
Location: DC
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Default Re: Real deficit in the Trillions

Quote:
timj219
Of course we'll never know what the money which has been wasted in iraq moght have done for this country. Or the tax money which would have been collected. I may not be an economist but even I know that tax revenues have been lower than CBO projections and far lower that w promised ever since the tax cuts. And with more revenue, even if the spending stayed the same at least we would be actually paying for some of it instead of poisoning the well for the next admin.

In any event, we've had w since 2000 and we've had republican control of both houses since 2002. Eventually w apologists will have to come up with an answer that is not "bill clinton" or "Dems are even worse"
Well, none of the CBO projections factored in the recession the Clinton left to Bush, and as long as democrats keep screaming for HIGHER spending on just about every line item in the Federal Budget, "Dems are even worse" will still hold true.
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  #22 (permalink)  
Old 08-10-2006, 10:40 AM
timj219 timj219 is offline
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Location: Binghamton, NY
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Default Re: Real deficit in the Trillions

Quote:
Originally Posted by Marcus1124
Well, none of the CBO projections factored in the recession the Clinton left to Bush, and as long as democrats keep screaming for HIGHER spending on just about every line item in the Federal Budget, "Dems are even worse" will still hold true.
Ah yes the old "bill clinton" defense. it just never gets old does it? even 2 years into w's secodn term. What in the world was I thinking? Republicans will probably be using it to explain the failures of the next republican president.

And I guess assigning responsibility to those in the majority is a foolish hope as long as there are still people stupid enough to fall for the old "at least I'm not as bad as the other guy might be" defense.
  #23 (permalink)  
Old 08-10-2006, 11:23 AM
Marcus1124 Marcus1124 is offline
Secretary of Defense
 
Member Since: Dec 2004
Location: DC
Posts: 2,916
Default Re: Real deficit in the Trillions

Quote:
timj219
Ah yes the old "bill clinton" defense. it just never gets old does it? even 2 years into w's secodn term. What in the world was I thinking? Republicans will probably be using it to explain the failures of the next republican president.

And I guess assigning responsibility to those in the majority is a foolish hope as long as there are still people stupid enough to fall for the old "at least I'm not as bad as the other guy might be" defense.
Well, when you start making accusations based on 7 year old CBO projections, you most certainly had better expect that I will point out how the assumptions those projections were based on were flawed (i.e., not assuming the very real recession that Bush inherited from Clinton).

Furthermore, if you want to play the CBO game, then the "surpluses" in the last two years of the Clinton administration were due to Capital Gains tax CUTS, just like the tremendous (and equally unanticipated by CBO) drop in the deficit in the last two years since the latest Capital Gains tax CUTS. Seems CBO does a piss-poor job of realizing that reduction in the capgains RATES have a damn fine track record of resulting in increased REVENUES. And for the record...democrats decry each and every reduction in the CapGains rate as "tax cuts for the rich", and hardly supported them.
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