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Originally posted by Nate S:
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. Now all we have to do is wait for the depression.
Let me guess, you read that from you notes in a Economics class 
"Eagles may soar high, but weasels don't get sucked into jet engines."
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Perhaps he missed the part about how discretionary spending was actually lowered during Bush's term in office, and that the spending actually went towards National Security initiatives, such as creating the Dept of Homeland Security and fighting the War on Terror. I just love one-sided facts.
E1
1999 Cougar - Supercharged 3L
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Originally posted by TexasRealtor:
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.
TR, agree with you, Congress is the stop gap. The problem here is that the process is corrupted. Congress needs to be the initiator of fiscal discipline, not a pork barrel processing plant sold out to various special interests and with a fundamental misunderstanding of the purpose of limited gov't at the federal level. The myriad social programs that the gov't is now paying for only distract from the primary purpose of any federal gov't institution, which is protection of life, from threats foreign and domestic.
I thought line item veto was a reality these days? Was it never passed?
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Originally posted by EternalOne:
Perhaps he missed the part about how discretionary spending was actually lowered during Bush's term in office, and that the spending actually went towards National Security initiatives, such as creating the Dept of Homeland Security and fighting the War on Terror. I just love one-sided facts.
E1
uh, no discretionary spending was RAISED during bush's term in office, what are you talking about?!?
"Following increases of 13 percent and 12 percent during the previous two years, 2004 would mark the third consecutive year of massive discretionary spending growth."
http://www.heritage.org/Research/Budget/wm385.cfm
and as far as where the spending went, yes it went to a [censored] war. this isn't all money that is "protecting national security." give me a break. if it had all been dumped into securing our airports (which are currently a joke compared to secure countries like israel...israel's airports are perhaps some of the most secure in the world) then i might be able to understand...
Originally posted by TexasRealtor:
Let me guess, you read that from you notes in a Economics class
Um...I took an economics class about 2 years ago. Is there a problem with that? Unfortunately, no, I do not have my notes anymore.
1998 T-Red CSVT 3.0L
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Originally posted by Nate S:
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.
Actually, it's the opposite is it not? If you decrease gov't taxes and increase private sector spending, the economy benefits. The economy never benefits from redistribution of wealth, which is exactly what gov't spending is in reality. In fact, the founding fathers were fundamentally against wealth redistribution from gov't institutions which is why they went to such lengths to force limited gov't especially at the federal levels. The Declaration of Independence and the Constitution promoted the ideal of individual wealth and individual ownership, at the micro and macro economic levels. The Federal gov't is in reality a large bookie organization. Money comes in, is redistributed (partially based upon special interests these days), and goes back out. Wealth redistribution at it's core has socialistic tendencies. It's all about "the greater good", with no respect or admonition for the individual and his/her ability to make the same decisions (such as being charitable with our monies).
We need to be very careful about where we head from here. We're on the verge of giving up our cherished values of freedom and liberty for the values of safety and security. To some extent these values are mutually exclusive. We cannot be 100% "safe" and be 100% "free". We have to choose which is more valuable to us as a country, and legislate with that choice in mind. This is why I usually vote Republican, because I see Republicans embracing the "freedom" ideology moreso than the Democrats, who seem to value safety and security. (whether it be jobs, finances, rights, etc.)
Gov't is fundamentally about force. This is why gov't should primarily be concerned with national defense. Go against the gov't on any one thing and, in the end, eventually, men with guns will show up at your doorstep because of it (with a warrant for your arrest issued by the gov't). We must be careful what control we give to our governing institutions, very careful.
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Originally posted by daenku32:
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.
You really do want to go to "deathcamp"..
Cmmon..be a uniter not a divider.
PS. This bankrupsy story really was beaten to death a month ago.
1999 Amazon Green SVT Contour (#554/2760)
"People demand freedom of speech as a compensation for the freedom of thought which they seldom use."
-Soren Kierkegaard (as posted by Jato)
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Originally posted by cjbaldw:
Originally posted by Nate S:
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.
Actually, it's the opposite is it not?
no, it isnt.
1998 T-Red CSVT 3.0L
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I have no life
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I have no life
Joined: May 2002
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Originally posted by Nate S:
Originally posted by cjbaldw:
Originally posted by Nate S:
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.
Actually, it's the opposite is it not?
no, it isnt.
Yes it is.
98.5 SVT
91 Escort GT (almost sold)
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CEG Dragon Run - October 13-15
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Originally posted by Kremithefrog:
I guess democrats wouldn't spend money if they were in power? 
Sure they would.
They would just give all our taxpayer money for BS like wellfare, free needles to drug users, digital cable and nicer accomodations for prisoners, more frivolous lawsuits, spending tax cuts on made up programs, etc, etc.
You know, all the bleeding heart liberal bullsh~t that should be abolished.
It's not that I am a "staunch" Republican or conservative. I'm more centered with conservative economic thinking.
I just figure that I would rather control my own money then let liberals make up programs to give it all away.
2000 SVT #674
13.47 @ 102 - All Motor!
It was not broke; Yet I fixed it anyway.
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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.
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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.
 Bwaaaaaahahahahahaha....Hey, dude, the election's over. YOU LOST!!!!! Let's get back to talking about Contours now......
P.S., Say hi to your buddies Soros, Moore and Franken from whom you obviously are getting your talking points. Bwaaaaahahahahahahahaha!!!!!!
'99 Sport TropicGreen,Duratec, SVT exhaust, Brembo rotors, Ceramic pads, K&N filters(oil & air), Alpine CDM7874, Polk DB570 speakers front and rear. Fog light mod. 50% Formula One tint.
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