It wasn't me. I haven't given out any reds... yet. I'm still pondering the situation to see who is most worthy. **lock and load** You are not on my expanding list. But thanks to all the wackos who gave me more reds based upon your wild accusation! If someone signed my name it was a forgery. MrMOJO, did you really give me a red because of that? If you didn't, someone is using your name. If you did, it just goes to prove how wrong some people are about everything. It's getting to be easier to understand why most of the extreme left wing wackos here never seem to display much green. I think they are too busy giving it away as reds for anyone who doesn't see things through Moonbat Eyes (patent pending).
Same way our cities, schools, colleges and other PUBLIC run agencies opperate. I love how at the end of the budget year, they go out and make sure they spend as much as they can on anything and everything to make sure they hit that baseline.
The numbers blatently speak for themselves, yet bush lovers and bush haters still manage to quibble over the issue. Bush has done a great job of running the country The list of his achievements is so huge that I can't even think of 1 right now... The IMF on US national debt Snippets:
Just wait until Bush supports show up and claim that International Monetary Fund is a communist organization that is run by corrupt dictators and that is the reason they are against America and terrorist supporter.
I don't disagree that the Bush administration have managed their debts poorly, but this isn't this from 2003?
It doesn't matter, it's still pointless to quoting such old figure in order to make arguments for the current situation. At least it could from 2005 if there's no one from 2006. However, a longterm debt decrease is historically unusual in America. The debt has increased since 1975. It has increased 0.7 trillions between 1995 and 2000, while it has increased 2.3 trillions between 2000 and 2005. I think that the last quarter in 2006 was a good sign. But the question is if the trend will prevail in the future.
No one has really touched on why the deficit has gone down. I've mentioned it before. Anyway, we have been taking in on average 10.9% more in revenues each year since Bush's tax cuts. While there were tax CUTS, tax REVENUES have INCREASED across the board in every area the US derives it's revenue from. In fact one of the highest percentage increases in revenue has come from those MEAN NASTY CORPORATIONS. This year alone US Corporations paid 27.2% more in tax revenues, even with tax CUTS. Meanwhile, while everyone shouts doom and gloom and cries foul on the war on terror, the total US military spending budget is just 16% of our total budget. Meanwhile 56% of our budget is spent on social programs. While demos in congress sought to give themselves yet another pay raise, in 2006, Bush's administration, his salary, and all his employees, staff, etc., in his ENTIRE administration went down by 26.2%. The only other noticeable decrease in fiscal spending was from NASA at -2.8%. While many will attempt to debunk what I have listed above, my source is the US Department of the Treasury. On the topic of unemployment. You can actually graph unemployment rates with Bush Tax Relief over the same period and you will find the two coincide with one another perfectly. Like I always say, YOU DON"T TAX PEOPLE INTO PROSPERITY! You can take that too the bank. In case you had not guessed already, tax relief is the number one cause for a lowered deficit. Always has been, always will be. All we need now is a reduction in overall spending and the debt begins to go down as well. There's a nice 56% chunk this reduction in spending can come from.
What was the devaluation of dollar in that period? What was the rate of inflation? How much of this tax increase depends on inflation and how much of it is because of economical policy? USA is a big importer and since you have to pay much more in dollar to buy the same product, it also increases the dollar amount of the tax collected.
During what period specifically? Ok, I'll pick one. In February of 2005 a report showed that the dollar was at a 14 month high... Again, what specific period in time are you referring to? Another baited question from the queen of the trolls. Actually the rate has historically gone up and down. Compared to 2000, inflation, overall is lower, in some cases (some months, lower BY HALF). Anyway, what are you trying to say here? High and Low inflation are both good and bad. What are you trying to say? What is your point? WHAT? Ah, the percentage increases on revenue drawn in by the US was derived primarily from domestic sources, not the result of imports. Actually, Excise Taxes and Customs Duties reflected a 2.4% increase over the same period for fiscal 2006. Where by Corporations paid in an additional 27.2% in taxes. Let me break it down a little more so you can really understand. There were $2,942,243,000,000 in revenues brought in. Of that, $98,772,000,000 were due to Excise Taxes and Customs Duties. $98 billion vs. nearly 3 trillion. Do you want me to explain the big words for you? If so, feel free to PM me, so as not to waste anyone else's time here. So out of an overall 10.9% increase in revenues over the previous year, the customs and excise taxes/duties accounts for less than 3% of all revenue increases and all of the revenue taken in by the federal government. Again, just what is your point here? (again, source, US Department of Treasury.)
Just wait until the Bush and America bashers show up and try to turn good news into bad news. Who do you think will be first, gworld? Good news for America is bad news for gworld!
I'm sure this was all a big scheme concocted by Bush and his cronies...there never really was a deficit ..bwahaahaa! Bwahaahaa!
That's your altered vision of doom and gloom. Defict down, unemployment down, good paying jobs are up, economy is booming! It couldn't be much better, yet it's all doom and gloom and "blame America" for you! Good news for America is bad news for gworld!
Way to skate around the debunking... No answers, nothing. Just more goofy claims about doom and gloom. Perhaps a week of ignore was not enough.
Historical rate of dollar against major currencies from 2002-2007. Euro : 1.16----->0.77 Pound: 0.71----->0.50 CND: 1.6------->1.16 While dollar has lost it's value against every major currency, on the positive side, US dollar has kept it's value against Mexican Peso and couple of other countries in Africa.
It's not pointless, the paper I posted was very relevent if you are really concerned about the issue rather than bipartisan feuding. The trend has prevailed and will continue to prevail unless some drastic tax hikes are made.
Keep the rose tinted glasses on and pick and choose your facts, as usual Yup the tax cuts have been a great success. Who cares about Government debt anyway, we can worry about that in a few years, recessions never happen do they. I like how you brush aside the 16% figure because it is a smaller number than 56%, great point there. A few trillion dollars on starting a war by mistake (oops!) well we dont need to pay any attention to that. But the 56% spent on housing, feeding, educating and caring for people is the cause of all the problems. For you to say taxes need to be cut and government spending needs to be cut is absurd and shows your lack of indepth understanding of the issues. The great economic minds and institutions of America are suggesting tax increases are the best way to deal with the unavoidable looming rise in government spending. I'd prefer to take their advice.
Such as? For the past two years (maybe three, but two for sure), the deficit has come down considerably because of tax revenue increases. Why? When you put people to work, they earn money. When they earn money, they pay taxes. Burden the middle class with tax increases and they have to cut jobs. Cut jobs and unemployment goes up. Less revenues come in. The surest way to ruin what is otherwise a booming economy, is to raise taxes on those that do most of the hiring in the first place.