I accept that jem,but that doesn't mean they will vote for the party who inherited a balanced budget in 2000 and doubled the national debt and left a 1.2 trillion dollar deficit in 2008
Romney Looks Like the Next Pres
- Thread starter jem
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I accept that jem,but that doesn't mean they will vote for the party who inherited a balanced budget in 2000 and doubled the national debt and left a 1.2 trillion dollar deficit in 2008
Jem is trying to convert you.
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Post some articles from Huffy.
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.Post some articles from Huffy.
.Increased tax revenue from The President increasing taxes had a lot to do with it
Bill Clinton (should I said Newt Gringich?) cut the most important tax (the capital gain tax) from 28% to 24%. Bush father was the one who in fact increased the effective tax rate. Rich People makes the money Through assets inflation (aka capital gain) Not by ordinary income. Did you know that there's a relationship between economic boom and Increased tax reveneues? When you have an economic bubble, then the tax revenues will come bigger.
The Fact is that Congress control de budget NOT the president.
Bill Clinton was a disaster. He was the one how signed the Housing Reinvestment act, the one who repeal de Glass-Steagal act and the one who signed the Futures reform act in 2000 and he was the one who dismantle the CIA. He left the country in a big recession.
http://en.wikipedia.org/wiki/Omnibus_Budget_Reconciliation_Act_of_1993
Omnibus Budget Reconciliation Act of 1993
The Omnibus Budget Reconciliation Act of 1993 (or OBRA-93[1]) was federal law that was enacted by the 103rd United States Congress and signed into law by President Bill Clinton. It has also been referred to, unofficially, as the Deficit Reduction Act of 1993. Part XIII, which dealt with taxes, is also called the Revenue Reconciliation Act of 1993.
Specifics
It created 36 percent and 39.6 income tax rates for individuals in the top 1.2% of the wage earners.[2]
It created a 35 percent income tax rate for corporations.
The cap on Medicare taxes was repealed.
Transportation fuels taxes were raised by 4.3 cents per gallon.
The taxable portion of Social Security benefits was raised.
The phase-out of the personal exemption and limit on itemized deductions were permanently extended.
Effect
The government was able to raise additional revenue, which helped balance the budget and by the end of the 1990s began to reduce privately held public debt.[3] An equally if not more powerful influence was the booming economy and huge gains in the stock markets, from the dot-com bubble, which brought in hundreds of millions in unanticipated tax revenue from taxes on capital gains and rising salaries. [4]
Technically true but in reality a Republican Congress follows the Republican Presidents lead and vice versa.Bush wars,bushs tax cuts,bushes growth of government,bushes medicare expansion was due more to Bush then Congress
Are you really a turkey, or do you just play one on the Internet?
http://www.elitetrader.com/vb/showthread.php?s=&postid=2743832&highlight=omnibus+bill#post2743832
Bush was a disaster too, but the difference between Bush/Clinton and Hussein Obama is that the later hate this country with passion.
On the other hand, you said it:
"An equally if not more powerful influence was the booming economy and huge gains in the stock markets, from the dot-com bubble, which brought in hundreds of millions in unanticipated tax revenue from taxes on capital gains and rising salaries"
Again, Clinton Cut taxes for the rich.. and inn fact is that Clinton administration increased the tax loophole for companies. You see brother, The tax rate for corporation is 35% in this country, but the effective tax rate is around 23% for them. Do you understand the difference between Tax and effective tax rate?
I came from Europe, we have lots of taxes and a lot of bureaucracy and our revenues has been dropping like rain for the last 30 years.
On the other hand, this a very good read http://thestrangedeathofliberalamer...t-two-of-an-indepth-investigative-report.html
I would not vote for the republicans either, if I had a choice better than leftists.
Like 70% of american I want the insane spending to end.
I would like to see a balance budget caused by lower spending and lower taxes.
I would like to see cuts in the military budget and all other bloated govt depts and programs. I would vote for just about anyone who could get elected and do that.