dirtpusher Loc: tulsa oklahoma

[quote=Frosty][quote=Blurryeyed.......They have also for years argued that Reagan built deficit spending into the budget with his tax cuts not accounting for the economic growth during his presidency, they seem to somehow misplace the fact that federal revenues rose and significantly during his administration after the economic growth kicked in.

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Here is the "Rest of the Story".

From: https://mises.org/library/sad-legacy-ronald-reagan-0

Reagan has tripled the Gross Federal Debt, from $900 billion to $2.7 trillion. Ford and Carter in their combined terms could only double it. It took 31 years to accomplish the first postwar debt tripling, yet Reagan did it in eight.

........Reagan came into office proposing to cut personal income and business taxes. The Economic Recovery Act was supposed to reduce revenues by $749 billion over five years. But this was quickly reversed with the Tax Equity and Fiscal Responsibility Act of 1982. TEFRA—the largest tax increase in American history[/quote]

Ouch think you just hurt blurry crainal

Frosty Loc: Minnesota

Funny one Dirt, but I hope not. I enjoy the exchanges we have at times. Treat him decently and he recipocates.

Blurryeyed Loc: NC Mountains.

Holy Shit! The dirty one using Mises as a reference, Mises! What is the world coming to?

Blurryeyed Loc: NC Mountains.

That is totally incorrect, the republicans did not control congress or the House for the first two years of Obama's tenure as president, the Dems did, during those two years, 2009 and 2010 federal spending rose significantly, subsequent budgets had stimulus money already appropriated by the democrat congress, because the House alone could not pass a spending bill they simply passed big Omnibus spending bills and continuing resolutions because the dems threatened government shutdowns if they did not get the spending they wanted into the budget. What is really interesting is that you see stimulus and TARP money going into the budget in 2009, but you never see it coming out of the budget as spending remained at the stimulus and TARP levels for years going forward. Looks to me that they just incorporated that spending into the baseline budget. You can try and blame that on the republicans if you care to, but you will be neglecting the actions of both President Obama and the Democrats in both the House and the Senate. Gee, seems to me I remember something about throwing granny over the cliff, that is the kind of crap the dems come up with when ever budgetary restraint is suggested by the republicans in congress. Then of course there was the shutdown, and the never ending threats of more of the same.

Revenues Spending
2008 2,523,991 - 2,982,544 -458,553
2009 2,104,989 - 3,517,677 -1,412,688
2010 2,162,706 - 3,457,079 -1,294,373
2011 2,303,466 - 3,603,065 -1,299,599
2012 2,449,990 - 3,536,945 -1,086,955
2013 2,775,105 - 3,454,647 -679,542
2014 3,021,491 - 3,506,091 -484,600
2015 3,249,887 - 3,688,383 -438,496
2016 3,267,961 - 3,852,612 -584,651

dirtpusher Loc: tulsa oklahoma

Exposing your wasted defense of the orange one . But you getting behind on him. He working faster than you r

dirtpusher Loc: tulsa oklahoma

An we can thankful the Dems we're here those first two years.
Yup we gave the banks money to shore up jobs through loans for large corporations. But what did they do with it. SIMPLE. They bought up treasury notes. We paid them 2,5 % interest on them. To pay back those zero interest loans. Same as they did with bush tarp money. Oh the corporations learned well fr. om the banks. I'd love to have got in on some that action. Your just a tad uninformed as I been trying tell your lil die hard orangee worshiper I'm tell yuh blurr he hanging you out to dry in the desert sun. Start calling you John the Baptist. Voice in the desert.

Twardlow Loc: Arkansas

Blurry, did you actually read the Bernie post? I know you said you did, but really, did you read all of it?

Simply, I don’t believe you did. What is your response to it?

I listened to your first Kennedy speech, November 22, 2010, we should reduce taxes but not so much to increase inflation, right?

No numbers, just generalities.

If, as you say, this speech is more moderate than today’s liberal would accept, thus proving your point that liberals are more liberal now than in 2010, you fail to make your point. I don’t see anything like that in this speech. Perhaps you should clarify what you’re trying to say, more than vacuous generalities.

Blurry, I think we’re spinning our wheels here, as I’ve said before. I think you suffer from some sort of conservative panic, hiding behind unfocused and over-generalized and eventually meaningless ideas.

Liberals may or may not be more liberal than they once were; doesn’t matter.

Conservatives are far more conservative than they have ever been before, and I validated that statement with a couple of articles, each with dramatic grafics . Did you read them?

Simply, there is no longer such a thing as republican moderates, and there used to be. Simple fact, but it doesn’t alter much except to demonstrate Republicanism is more radical than once it was. Clear enough, isn’t it?

Why don’t you drink a cup of Warm tea and go to bed.

Frosty Loc: Minnesota

The dems did not control the Senate for the entire first year. At the time it took 60 senators to approve a measure. The dems had 59 for the first 6 months until Sen Franken's election was validated.

Obama inherited a economic mess from Bush. The Great Bush recession was just beginning. The mortgage bubble had just burst causing banks to fail, mortgage insurance companies were in dire straits, unemployment was high, revenue was low because of the unemployment and the ill timed Bush tax cuts, the auto industry was near bankruptcy, Bush's two undeclared and unfunded wars were ongoing and needed financing, the repubs nearly shut down the government by refusing to increase the National debt authorization (something that was always done automatically during previous administrations), he had to deal with extremely hostile republicans in both houses (State of the Union : Joe Wilson, "You lie, boy"), and Mitch McConnell saying and doing everything possible to make Obama a one term president.

It is amazing the country survived those Bush and Republican mismanagement years. Obama had to start his presidency in a deep hole. It took time, patience and money to get the economy back on track......and now we are starting a new mess.

Blurryeyed Loc: NC Mountains.

Please, this is over the top, the recession was much more complicated than "Bush's recession" in fact the dems had their hands all over it, your comment about Wilson is a bald face lie, he did say you lie, but there was no "boy", this attempt to at racism to Wilson's outburst is honestly beneath you. If you dispute my claim I am sure that you can find video on YouTube.

dirtpusher Loc: tulsa oklahoma

Blurr the recession hit in 06 07 so how you figure this B's an itt is more your crying whining B's.

An started turning around in 2010. Man you stupid nuts.

Blurryeyed Loc: NC Mountains.

Smoke another joint, come back when you can speak English.

dirtpusher Loc: tulsa oklahoma

What i figured can't beat facts. Lol

Blurryeyed Loc: NC Mountains.

Reread your post, how am I to make sense of that. I know that you can speak and write proper English, I guess you reserve the gibberish for when you have nothing important to say.

dirtpusher Loc: tulsa oklahoma

Lol cry cry cry you just hate being proved incorrect... AGAIN

Frosty Loc: Minnesota

What is this supposed to mean, "......the recession was much more complicated than "Bush's recession" in fact the dems had their hands all over it, ....."?

We've been over this several years ago. Of course it was more complicated. The statement was part of a list, not a explanation.

Brooksely Born started warning the Clinton administration in 1999 about the derivative market. She was ignored by Greespan and others. She resigned in 1999.

The following from Wikipedia: : "Greenspan didn't believe that fraud was something that needed to be enforced, and he assumed she probably did. And of course, she did." Under heavy pressure from the financial lobby, legislation prohibiting regulation of derivatives by Born's agency was passed by the Congress. Born resigned on June 1, 1999.[6]

The derivatives market continued to grow yearly throughout both terms of George W. Bush's administration. On September 15, 2008, the bankruptcy of Lehman Brothers forced a broad recognition of a financial crisis in both the US and world capital markets."


Th Bush administration had seven years to do something about the unregulated derivative market, but failed to act. Early on, Clinton may have a finger print on it but the "hands all over it" were Republican hands and Bush owns the recession.


You are right about Joe Wilson. I was going from memory and it seemed at the time that the voice inflection was there but the word was inaudible. Apparently he didn't say "boy". However, that is not the point and is immaterial. What my point is, is that the hostility and contempt of republicans for Obama was so extreme that unprecedented rudeness was displayed during a State of the Union speech.