Take the tax revenue in 2001 and adjust it by about 17% inflation between 2001 and toady and you will see that tax revenue actually in real dollar has decreased.
Gtech, the trustworthy sidekick. You can point to the last 2 years as a success, yes the deficit has moved in the right direction. This was long overdue. The serious long term issue remains without any plan to deal with it. The issue has been brushed under the carpet, until recently. - Edward McKelvey, economist, Goldman Sachs 2005. If anyone knew how to avoid ruining a booming economy then we would never have recessions. The ruin will come, its inevitable.
Most people aren't too concerned with accuracy when talking about politics. Tax revenues went up because the numbers are bigger than they were a few years back The economy is doing great Everything is just fine He sure did a good job
mm, take Bush out of the equation. Once you do that, everything else will fall into place. The problem here is, despite overwhelming evidence that unemployment is extremely low, the economy is booming and the deficit is going into it's third year of reduction as a result of lowering taxes; as long as Bush is in office, some will not acknowledge the great news because they hate Bush so much. So, if we pretend this was Clinton, then we could say that Clinton is doing a much better job this decade than last decade. I feel bad for your persistent pessimism towards everything. I couldn't imagine living life that way.
Yeah that I have a smiley for that on my forum, and quite honestly I'm tired of debating with people who can't or won't recognize good news when they see it. What you people don't realize is that Bush will be gone in 08. but the damamge you have done to the presidency is irrevocable.
Way to avoid every other answer and question. It order to display something "historical", would it not be better done with some type of chart? You've mentioned a period in time, (2002-2007), but have only shown current exchange rates. This is not an accurate depiction of your claim that the dollar has been "devalued" under Bush. Exchange rates go up and down like airline prices. Just take a look at the Euro vs the Dollar from Aug of 06 thru Dec of 06. Quite a bit of fluctuation, and hardly evidence of a devaluing of the dollar: Why are you so hell bent on portraying Americans in such a negative manner?
Nothing but straight facts from the US Treasury's own report. Hard to pick and choose from reality. Yes, they have in fact. Apparently the Bush administration cares about government debt. Did you miss something in that report? Specifically the part where tax revenues are increasing and the deficit is shrinking. Just think if Bush had not had 9/11, a war and the economical fallacy Clinton left us with to deal with. We'd probably be half way out of debt by now. Thanx for bringing that up. About time you point out the positives here. No, not brushing it aside. I only mention it because it is a smaller number than democrats and moonbats would have the American public believe. Not because it is a smaller number than social programs. You might want to get your facts straight, and learn how many commas constitutes "trillions". A few, is generally 3, so you are saying that 3 trillion has been spent on the war? Your quite a bit off there. Apparently you are the one not "paying attention". As the 56%, what I am indicating is that there is a lot more wasteful programs in the 56% category that could be cut, than in the 16% we spend DEFENDING OUR NATION. I would like to stress the "DEFENDING OUR NATION" point, because as you fail to realize, that 16% is not "the war". That 16% is our entire national defense costs. You seem to assume differently. Even so, your math is way off. Really? Hmmm.. Let me take it from a consumer stand point. Spend less, make more = good Spend more, make less = bad I make $100 and spend $50, I have $50 left. This is good. I make $50 and spend $100, I am $50 in the whole. This is bad. Is this making sense? It's basic economics man. But you do not need a class in econ 101 to find out that if you have more money coming in, and spend less of it, you are doing something right. What "lack of indepth understanding of the issues" are you referring too again? Really? Who is suggesting that? Who are these "great economic minds"? So you are saying that if you spend too much, you should tax people more and take in less to pay for more? Is that what you just said? Looks like it is you that has a "lack of indepth understanding of the issues".
Do you even understand the meaning of that graph? All currencies fluctuate daily but dollar has been devalued during this presidency. Euro has gone from 1.16 to .77, this is a real devaluation by 33% and that is only from 2002, it is not 1 cent or half a cent daily fluctuation. US dollar drop against Canadian dollar at the same time is about 28%. Our politicians also try to fool people and use this fact as how great they are doing for the Canada economy while they fail to mention that it is American that are doing lousy and not Canadian doing great. As mentioned previously if you want to find a graph or stats that makes this president look good then be smart about it and compare dollar with pesos or African currencies.
Since you like graph, here is a graph so you can see better how dollar is devalued. Can you see the downward trend?
Or just read the news, year after year, that the economy here is booming, unemployment is at all time lows, the stockmarket is breaking records consistently and that going into the third year in a row, tax revenues are reducing the federal deficit. Good news for America is bad news for gworld! gworld, why do you get so upset at good news? Is it because you hate Bush so much, or because you hate America so much? Where is your optimism, gworld?
I see as usual you have nothing to say. Are you disputing the numbers about dollar devaluation or do you seriously expect that people take your word over the official statistics and the numbers?
Actually it's a long historical pattern of your posts. It's a shame you can't see it, but then you do it intentionally, don't you? And to think, you used that to avoid a tough question Are you disputing that the federal deficit is down (yet again), that tax revenues contribute to it which ties directly in with the low unemployment and booming economy? Good news for America is bad news for gworld. Is it Bush that causes the hatred, America in general, or both?
Poor, poor Gtech. I understand these discussions are very difficult for a former Corporal but try to keep up. The tax revenue is up in dollar volume but when it is adjusted for inflation then the tax revenue is down. Dollar is devalued with 33% and 28% against Euro and Canadian dollar. The deficit has been lower in the last quarter but for the for whole year it will be an increase over the last year. The deficit just keeps growing. Let's make it simple for you. 1- Tax revenue adjusted to real dollar after inflation is down. 2- The value of dollar is down against every major currency. 3- The inflation is up. 4- The deficit is up. On the positive side if Bush could be president for 4 more years, you wouldn't need to exchange money while traveling to Mexico since dollar will be at the same value as Mexican pesos.
So it is about Bush then. Unable to take Bush out of the equation? How about America? Is it about "boo America" too? There's just no way you can paint the doom and gloom you wish upon America. Low unemployment (compared to just about anywhere, but especially Canada), deficit reduction, booming economy. Good news for America is bad news for gworld!
As president he is responsible for the failures of his government, who else? I forgot that you still like to blame Clinton for everything even he hasn't been president for the last 6 years.
I'll make it even simpler. 1-4 are incorrrect according to the US Treasury report I read. Of course all one has to do is own a business to come to the same conclusion. You're hatred of Bush and Americans clouds your vision and reasoning.
Can you read? Care to share your report with us? By the way, getting "pay checks" from government is not a business.
Can you? Try Google. I even provided a link for you since you seem to have difficulty doing things by yourself. Exactly. Which is why I made the comment about that 56%.