"bpuharic" wrote in message
...
On Fri, 30 Jul 2010 21:47:47 -0700, "Bill McKee"
wrote:
"bpuharic" wrote in message
. ..
On Fri, 30 Jul 2010 17:50:49 -0600, Canuck57
wrote:
On 30/07/2010 5:39 PM, Larry wrote:
I don't make it a point to post political crap here but Bob has been
obsessing over this subject for too long. Here is an unbiased report
on
taxes as they are today....
http://www.smartmoney.com/personal-f...axes/?cid=1231
I expect the democrats will be closing those loop holes. They need to
cover the trillions of overspend.
biggest factor in the current deficit?
bush's tax cuts for the rich
Biggest factor in the current deficit is gross Federal overspending!
meaningless generalization.
instead of right wing bull****, why not go with the evidence...which
would cause your right wing head to explode:
http://www.cbpp.org/cms/index.cfm?fa=view&id=3036
Same
reason that California and most other states are going bankrupt. Same
reason people go bankrupt most of the time. Overspend. Most of the home
foreclosures are because people overspent for the houses!
gee. funny that all this 'overspending' just happened in the last few
years.
what really happened was that bush overspent on useless wars, cut
taxes on the rich who then spent it on blowing out the economy
The Feds and the States have been overspending for years. Clinton Era was
even worse. They had a huge bubble of money from the Dot.com bubble and
committed that money in to future spending as if the money was going to flow
forever. California increased spending 37% in f4 years under Governor
Davis. We recalled him for excess fiscal irresponsibility. So we put in
the Governator. Arnie. He increased spending 39% in his first 4 years.
Basically in 8 years we doubled the budget. Same thing happened on the
Federal level. Bush overspent, Clinton Overspent. Just that Clinton had a
big bubble of income to hide his overspending. Look at the budget for his 8
years. How much did it go up? Obama is spending money we do not have at an
astronomical rate. May need to fix my Orion Short Tube telescope to see the
money in a short time. How may people have spent themselves out of debt?