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#1095650 11/03/04 08:13 PM
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Congress controls spending. Quit repeating Kerry soundbites.


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#1095651 11/03/04 08:16 PM
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Congress that is controlled by his fellow team mates! He is not going to stop them. But give them some ideas of NEW spending bills though.


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#1095652 11/03/04 08:18 PM
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ok, wtf are you talking about? fellow team mates? can you be more specific? goalie? center? halfback? im konfuzed.

in this forum, no one is going to listen to a word you say unless you provide names and links. fyi.

Last edited by svt4stv; 11/03/04 08:19 PM.

Originally posted by Tourgasm:
Sometimes you can mess up a word so bad that spell check doens't know what the hell you're talking about.


#1095653 11/03/04 08:18 PM
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I guess democrats wouldn't spend money if they were in power?


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#1095654 11/03/04 08:24 PM
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Who knows. All we DO know is that Congress controlled by GOP (aka Republicans) which coincidentally are the SAME party that the President is a party-line member of, and this group of people have NOT limited any spending.

I don't see ANY cutting or balancing of the budget during his next term.

I just don't believe how people can continue to parrot the line that Bush (or the GOP) is for fiscal conservatism or lesser government. The last four years have proven that they are just the opposite.


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#1095655 11/03/04 08:26 PM
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This news was out at least a month ago. Stop pouting because your boy lost.


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#1095656 11/03/04 08:28 PM
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Originally posted by daenku32:
http://story.news.yahoo.com/news?tmpl=story&cid=544&ncid=693&e=1&u=/ap/20041103/ap_on_go_pr_wh/debt_ceiling

Quote:

White House: Debt Ceiling Must Be Raised

By MARTIN CRUTSINGER, AP Economics Writer

WASHINGTON - The Bush administration announced Wednesday that it will run out of maneuvering room to manage the government's massive borrowing needs in two weeks, putting more pressure on Congress to raise the debt ceiling when it convenes for a special post-election session.
...
The government hit the current debt ceiling of $7.384 trillion on Oct. 14, forcing Treasury to begin a series of bookkeeping maneuvers to keep financing the government's normal operations without breaching the debt ceiling.




The COWARD waited until AFTER the elections to do this. And forced Treasury department to cook their books in the mean time to avoid bankrupty or braking the law.




Actually, this was no big secret. Kerry has stumped on this fact for the last two months periodically if you were listening. So long as we're deficit spending, of course we're going to periodically need to up the debt limits.

Personally I'm a BIG believer in very limited gov't and fiscal conservatism so I have a BIG problem with deficit spending on anything outside of national defense during wartime and believe very much in a balanced budget amendment, but it wasn't passed on Clinton's watch, much as he tried (blocked by the Republican congress). I don't want my children to have to bear the burden of high taxes to pay off government debt.

Those that believe that spending money we don't have will not negatively affect our long term positive outlook, are quite frankly not thinking clearly. Go out and spend 100k on credit cards and see how much of a burden it puts on your family on a mini-economic scale. Scale that to the macro-economic scale of the gov't, and the burdens, limitations, debilitating consequences, and lessons learned are the same. There is strength in financial liquidity, just look at any corporation, like IBM, Oracle, Microsoft, GE, etc., that have large cash reserves. Even small companies that have great financials are much better positioned to survive than debt ridden organizations, especially during economic downturns. The gov't is no exception to these general financial principles.

Yes, I voted for GW, because he lines up with my faith principles and I feel that moral issues were the most important in this election, especially with the supreme court up in the air. I, quite frankly, do not see much of a difference between republicans and democrats from a spending perspective (not talking ideology here). In this respect, I'm more liberterian than anything else.

Anyways, to each his own...


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#1095657 11/03/04 08:29 PM
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I have a hard time believing they just spent every dime they could. Maybe they only made bills they felt necessary and passed these. Maybe democrats would have spent more. And one thing I do know, to make money you gotta spend money. To get economy back on track they have to spend money on some things and pay this stuff back after a while. They have to do something to correct what Clinton messed up.
To me it's a VERY stupid point to try arguing. Money obviously has to be spent, you don't know what democrats would have done, and you probably don't even understand the whole process (I know I don't).


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#1095658 11/03/04 08:31 PM
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Originally posted by TexasRealtor:
Congress controls spending.




My point is congress(Republicans, Democrats, Independents, Libertarian, etc.) control spending and they ALL have problems spending. Until the president has the Line Item veto, he has no power other to sign or veto the bill. There is soo much BS pork attached by the time he gets a bill to sign.


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#1095659 11/03/04 08:34 PM
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Originally posted by Kremithefrog:
And one thing I do know, to make money you gotta spend money. To get economy back on track they have to spend money on some things and pay this stuff back after a while




If you know any basic economics, you know that when you increase taxes and overall spending at the same time, it provides a boost to the economy in the short run, but causes a depression in the long run. Bush did exactly this. He lowered taxes and then spent a shitload of money on the war. Now all we have to do is wait for the depression.


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