MrRodgers
Posts: 10542
Joined: 7/30/2005 Status: offline
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quote:
ORIGINAL: DesideriScuri quote:
ORIGINAL: MrRodgers quote:
ORIGINAL: DesideriScuri quote:
ORIGINAL: Musicmystery No, it's an expenditures exceeding revenue problem. On my planet, we call it "math." And, what does your math say about revenues? Did they go up after the tax breaks? And, yes, when expenditures exceed revenues, that's a problem. Why is it the only part of the equation anyone is serious about changing is the revenues? What that says is that they are perfectly okay with the level of spending. I disagree wholeheartedly. We have almost doubled expenditures since 2000. How can that be acceptable?!? Obviously, revenues is not the only part of the problem. But repubs in congress must think we don't need what revenues govt. gets now. So let's CUT revenues. [sic] It's the only part of the problem that those who have any power seriously want to talk about, though. The GOP idea that cutting tax rates will result in greater revenues isn't necessarily wrong (revenues have increased since the Bush Tax Cuts). Based on that assumption being correct, the GOP is talking about increasing revenues, but not really talking about cutting expenditures. The Democrats, on the other hand, really only talk about raising tax rates (under the assumption that doing so would result in increased revenues). The Democrats talk about expanding expenditures in some areas while reducing them in other areas. The Democrats demonized Bush for his ridiculous expenditure increases , but did so, not because of how much he increased spending, but because of what he increased spending for (they griped about war spending, stating that it would have been better spent on infrastructure; which is an acknowledgment that increased spending isn't bad - that the deficits weren't really what they were opposed to - as long as it's spending on what they think is right/good). Even the "draconian spending cuts" of sequestration weren't really spending cuts, but reductions in future spending increases. Both parties want to cut spending on things they disagree with and increase it on things they agree with. Neither party wants to cut actual spending levels. First, revenues decreased from Bush I until Clinton raised taxes (without a single repub vote in the senate) Then Bush II put in temporary tax cuts [sic] and revenues immediately went down and that surplus began to disappear. then we went into deficit. When Obama tried to raise taxes in 2010, the house and senate ignored him and threatened to shut the govt. down. Then because this was creating trillion yearly deficits we had a very small tax increase but no repub sacred cows suffered at all, while the social safety net took a hit.
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You can be a murderous tyrant and the world will remember you fondly but fuck one horse and you will be a horse fucker for all eternity. Catherine the Great Under capitalism, man exploits man. Under communism, it's just the opposite. J K Galbraith
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