OT Confiscatory taxation
"wf3h" wrote in message
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On Mar 22, 12:49 am, "Calif Bill" wrote:
"wf3h" wrote in message
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On Mar 21, 9:52 pm, "Calif Bill" wrote:
"wf3h" wrote in message
bush was president for about 2800 days.
obama's been president for 60.
even you should be able to do the math.
republicans reagan, bush and bush have nearly bankrupted this country.
clinton was the only president in recent history to balance the
budget.
bush starved the middle class to feed his friends at exxon. now we're
paying the price
Clinton did not balance the budget!!! He looked like it, but even worse
he
allowed spending to grow a lot more under his watch than it should of.
gee whiz...how much is 'than it should have'? because bush ballooned
the budget out of control with his war in iraq, his tax cuts for the
super rich, etc.
He
was the fortunate recipient of tons of revenue from the Dot.com boom
that's called the 'economy'. it happens.
Nope, it was a financial disaster. Similar to what we have now, not as
big.
And caused by the same Fed screw ups on interest rates. Iraq cost less in
7
years than Obama and this Congress have spent in the last 60 days.
iraq costs are estimated anywhere from 1-3 trillion dollars. and
you're saying that's irrelevant? i dont think so.
and they did not 'spend' this in the last 60 days. this will be spent
over the next year or so. that's called a 'budget'.
What are
your feelings one what that is going to do for the "Economy"?-
keynesian economics works. milton friedman's monetary policy worked to
a certain degree but the fed is out of options at this point since its
interest rate is now about zero.
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The Trillion is not the budget. That is separate pork.
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