fossten said:Baloney. Your graph shows a percentage, which (if you bothered to check your history and figures) reflects the high middle class taxes under both Carter and Clinton, which would squelch any economy. It's easy to cut deficits by increasing taxes, duh. The thing your boys never did was cut spending or even the rate of growth, something Bush has actually done.
fossten said:Your graph also misleadingly charts years that have not yet happened. The fact is that the budget is a smaller percentage in Bush's term than even in Reagan's terms, which just shows how much our economy is booming.
fossten said:Don't try to play in the big leagues, Johnny, at least until you've taken Econ 101. Your local community college offers it, maybe you should sign up. Come back after Christmas break.:xmas:
JohnnyBz00LS said:1. This is not *my* graph.
2. Plotting the national debt as a % of GDP is a perfectly accepted practice amongst economists as it compensates for ups and downs of the economy. Your attempt to distort these facts by claiming some sort of "reflection of high middle class taxes" during certain administrations only exposes your lack of knowledge about these matters. This is the BIG PICTURE, of how different administrations have handled the US government's budget, INCLUDING all tax revenues. Even your "boys" in the GOP prefer to talk about the debt as a % of GDP because plotting it any other way makes it look even worse for them.
1. The chart clearly indicates this data is a prediction based on the OMB's own data. Where is it "misleading"???
2. The reason the % is smaller in GW's term than at the end of Reagan's is because so much progress was made during the Clinton years, NOT because you think the economy is "booming". Remember, plotting the debt as a % of GDP "normalizes" the data so that the effects of the ups and downs of the economy are nulified.
:bowrofl: You crack me up. You think YOU are playing in the "big leagues"?? Then WHY do I always have to break it down to you into terms that even children still sucking their thumbs can understand??
*owned*
barry2952 said:Great job, Bushie! Must be the MSM.
Monday April 17, 2006--For the second straight day, 39% of American adults approve of the way George W. Bush is performing his role as President. That's the lowest level of approval ever measured by Rasmussen Reports
Joeychgo said:WTF ever made you think taxes decrease?
They just get shifted somewhere else - thats all.
fossten said:Remember that cartoon next time your favorite neighborhood Dems like Pelosi and Schumer have the Exxon execs in for a slam session talking windfall profit taxes.
Joeychgo said:Please....
Remember that the next time GW checks with his Saudi buddies, or Cheney and his Haliburton buddies.
The cartoon isnt partisan - they ALL do it. Its all bull. They cut taxes here or there, but we still end up paying for it somewhere.
barry2952 said:Woo-Hoo! Back up to 40%.
barry2952 said:Wednesday April 19, 2006--Forty-two percent (42%) of American adults approve of the way George W. Bush is performing his role as President. While a slight improvement over recent days, these figures remain near the lowest levels ever measured by Rasmussen Reports.
What??? No statistical noise comment added to the results by Rasmussen?barry2952 said:Thursday April 20, 2006--Forty-three percent (43%) of American adults approve of the way George W. Bush is performing his role as President. Fifty-seven percent (57%) disapprove.
fossten said:6. Again, deficit shrinking can be accomplished by massive tax increases, which WERE during Clinton's term, despite your failure to read any history whatsoever.
fossten said:5. I noticed you started your numbers over after 2. What's the matter? Can't count any higher?:bowrofl: I guess they don't have any smilies that can help you with that.
7. Do you need another 4 days to find somebody (like your econ101 teacher) to break this down for you before you respond again?
JohnnyBz00LS said:So what about your touted theory that tax cuts to the rich result in increased tax revinues?
MonsterMark said:One can lead a horse to water, but can you make him drink?
http://www.fms.treas.gov/mts/mts.pdf
Figures are in ($$millions)
...........................Receipts...............Outlays................Deficit
Bush 63 months.....10,236,284..........11,673,940........... 1,437,659
Monthly Average........162,481..............185,301................22,820
Clinton 96 months...12,563,167..........12,768,744.............205,575
Monthly Average.........130,866..............133,008.................2,141
As you can clearly see, treasury receipts under Bush have gone up an average of 25% over the past 63 months of the Bush administration vs the average of 96 months under Clinton. Clinton RAISED taxes, Bush lowered them. Bush inherited a recession and we have been at war for the last 3 years, Clinton sucked off the internet boom.
Sorry Johnny, once again the liberal lie is revealed. Tax cuts increase cash flowing into the treasury and expands the ecomomy long term. Tax increases may provide a short-term boost but are more than offset by a slowing of receipts and leads to a recession after 2-3 years. (see Bush1 tax increase)
So EXACTLY the OPPOSITE of what you claim has actually happened. Without the tax cuts, we would really be in for a hurting. Wait, we still have 2-1/2 more years of Bush. Watch the treasury receipts boom along with the economy. Of course, we'll bring in a a-hole Dem in '08 who will grab all the credit and the media will pump him up as the great savior when the truth has been under our nose the whole time but nobody will tell it to the American people.
I gave you the link to
www.fms.treas.gov
which happens to be the Bureau of the United States Department of the Treasury.
Bush will top $16 trillion in tax receipts during his administration, blowing away Clinton by over $4 trillion. So much for tax cuts being bad for the American people.
Wake up Libs. You are on the wrong side of the equation. Liberalism kills countries. See France as an example of one in the midst of dying.
You tell me? I'll let you grasp at every available straw first.JohnnyBz00LS said:Oh yeah, are the fms $$ adjusted for inflation? If not, that makes your argument even weaker.
JohnnyBz00LS said:I plotted the data from your link (below). The receipts under BuSh are just now beginning to parallel those at the end of the Clinton administration, and have yet to equal the peak monthly receipt ever (4/1/01, which is income tax revenue from FY 2000). Your argument that Bush's tax cuts have resulted in treasury receipts that eclipse those under Clinton's higher taxes is unfounded.