In the passed four years:* gold has doubled* people on food
stamps have tripled* price of gas has doubled* deficit has increased
over six trillion dollars. Did we fix the infrastructure?* one
presidential vacation is more costly then what England's royal family
spends in a year.* NASA has been gutted* people killed by Mexican
cartels with ATF guns.* no budget plan, Americans left in dark as to where
tax money is going.Can't pin this on Bush!
Worth repeating:"Please tell me that they are shutting down
because the problem they were created to fix was successfully solved...".In 1998(the year that the Taxpayer Relief Act of 1997 went into effect)
Total Revenue increased from $1.579T to $1.721T, roughly $150B and more than any
increase in the previous 4 yrs during the Clinton tax increase. Total Revenues
increased $200B from 1999 to 2000(highest increase in all 8 years of Clinton).
After the 2003 Bush Cuts, revenues increased nearly $300B from 2004 to
2005(substantially more than any increase during Clinton). And, another $300B
from 2005 to 2006. In two years revenues increased $600B.Again,
spending is the issue, not revenues.
Furthermore,The Reconciliation Budget act of 1993 raised a variety of
taxes, including on the top 2%(sound familiar?). Revenues increased at about
$100B per year through to 1997 when Clinton CUT taxes. Might surprise some, but
even Clinton admitted he raised taxes too much. "Probably there
are people in this room still mad at me at that budget because you think I
raised your taxes too much. It might surprise you to know that I think I raised
them too much, too."-Bill Clinton 1995 In 1998(the year
that the Taxpayer Relief Act of 1997 went into effect) Total Revenue increased
from $1.579T to $1.721T, roughly $150B and more than any increase in the
previous 4 yrs during the Clinton tax increase. Total Revenues increased $200B
from 1999 to 2000(highest increase in all 8 years of Clinton). After the 2003
Bush Cuts, revenues increased nearly $300B from 2004 to 2005(substantially more
than any increase during Clinton). And, another $300B from 2005 to 2006. In two
years revenues increased $600B. Again, spending is the issue, not
Pagan,in 2000, total direct revenue generated in the US was $2.025T.
Because of a few factors(dot.com bubble and 9/11) revenues dropped to $1.782T in
2003. Enter Bush tax cuts. Revenues increased from $1.782T in 2003 to $2.568T
in 2007(highest revenue year in the history of the US by the way). The housing
bubble sparked a decline in revenues that bottomed out in 2009 at $2.105T. It
has steadily increased to $2.449T in 2012. The problem is spending, not
taxes.Granted there are a lot of factors that go into revenues and
you can't prove causation through tax cuts, but tax revenues did very well
under the tax cuts and peaked in 2007. Had it not been for the economic
collapse instigated by the housing bubble(both parties to blame, but Bush warned
about the instability of fannie and freddie long before the collapse) I would
bet that revenues would be even higher today. Heck, even Obama admitted it
wasn't about revenues, it was about "fairness". There are not
enough wealthy people in this country to support the less wealthy. You just
never get there.
Four years of the anointed one, and it's still Bush, and Reagan's
fault?My prediction. After the next for years:* the
deficit will higher.* higher debt* higher unemployment*
we'll still be at war somewhere* higher crime rate* Pagan will
still be blaming Bush
Funny, Republicans are complaining about jobs in America.I thought
'Regonmics' was going to fix that?I thought if we gave
millionares tax breaks (Bush tax cuts) they would create more jobs?'The $2.5 Trillion tragedy: What America has given up for 10 years of
Bush tax cuts' - By Zaid Jilani – Think Progress –
07/07/11 'While doing so, Bush promised prosperity and growth,
but the nation got neither.Now, they want Obama to create jobs.When will the Republican party admit, they were wrong?
Considering the fact that the Labor participation rate has continued to drop
since Obama took office and is lower now than it was 30 Years ago, I would
venture to say that the jobs council failed miserably.
Interesting how the CEO of GE is a top contributer to this regime, who also owns
msnbc, who supports "green" junk programs, and in return to donating to
this regime has received billions in kickback from us taxpayers via obama.
Other interesting side notes is the jobs GE has sent to China.Just
the good ol boys club that our hypocrite leader has led.Yet no one
will call them out on this. They had no problem with Karl Rove and Halliburton
to publish something on that every 2 seconds. We never hear about this.Come on journalists. Get some guts and go for the real story. Not the
talking points that are handed to you. Demand answers to tough questions on all
parties. Refuse to air their talking points. If they refuse you and threaten to
not give interviews, then all of the real journalists need to ban together and
refuse to do any stories until they will start answering questions.Don't be afraid of this regime. There is nothing to fear, but, fear
itself. A democrat that most of you worship said that. Cmon!
Can anyone tell us the name of any other government entity that has shut down,
ever?Please tell me that they are shutting down because the problem
they were created to fix was successfully solved...Or, was their
creation a cynical ploy by a crafty politician who really has no intention of
"fixing" our economy and creating jobs, but rather creating a dependency
and implementing the Cloward-Piven strategy.