"Q" wrote in message
...
On Thu, 10 Jul 2003 19:15:43 -0700, "Calif Bill"
wrote:

Congress (Democrat controlled at the time) went to court and
got a ruling that required the President (Exec Branch) to spend all
allocated money. So the deficits are Congress's. But the CEO gets the
blame or credit.
Bill

What happens when the CEO trashes the revenue stream? Say for
instance giving tax breaks to the super-rich? Then the pres is to
blame.

One of the Kennedy clan got drunk (no surprise there) and made a
statement that was later reported in the press. "I don't need Bush's
tax cut -- I've never worked a f**king day in my life." I forgot
which one said it -- try googling if you're interested.

--
Q

What about spending less money? Why always raise the revenue stream? In
1950 the tax burden was about 22%, now it is about 42%. Why is the federal
government spending 100's of millions on art? This is not the Federal
Governments business. Just picked this one example, but there are lots
more. The rest of us that work need the tax cut! Kennedy has no worry
about money to send the kids to a good school, probably gets a free ride at
Harvard, just on the name and because dad donated a bunch of $$$$ to the
school. The rest of us that work for a living, cut back on our outgo when
the income decreases or keep the outgo the same, when the money comes in the
same. Not the governments! The Federal Budget has a built-in inflationary
index. But this index was installed when inflation was 13%. Still the
about 13%. Hell! I would like a 13% raise in salary each year. Says the
budget or salary will double about every 5.5 years (Rule of 72). In 1979
$23,000 was a good salary, allowed a family to buy a decent house, nice car,
maybe not a BMW or MB, but a good new car every 4-5 years. Now this is
poverty level. Damn! Good salary to poverty in 24 years and still making
$23k / year. Why we have so many poor people after the "war on poverty".
We have spent trillions on the "war on poverty" and we lost. Inflation is
caused by the Government spending more than it takes in and has to borrow.
For most of those years, the government's take was helped by inflation. Tax
Bracket Creep, gave the government about 1.1% more money for each 1% of
inflation. Nice scam. As to the tax breaks, Congress has to approve. They
approved a giant tax increase under Clinton. You know the one, where
Clinton said "I guess I raised taxes to much". This after the largest tax
increase in history under Bush, less than 4 years before. Now we have had a
couple of excess tax increases and the government has sucked up all those
dollars and borrowed more. The tax cuts are not the problem, it is the
FRIGGEN SPENDING! We finished the Viet Nam war in the mid 70's, but the
spending has been greater than when we were in a war. How much is that 4
months in Kosovo because of Clinton sending troops cost us? Last I knew, we
were still there.
Bill