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  #31 (permalink)  
Old 02-08-2009, 08:16 PM
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Originally Posted by JP5 View Post
AND I'll bet YOU were!!!!

Regardless of what they "touted" back then, they've been proven wrong.

116 million taxpayers benefited from Pres. Bush's tax relief. The across-the-board tax cuts provided tax relief to every American who pays income taxes, created a new bottom 10 percent bracket rate, doubled the child tax credit to $1,000, and actually increased the share of the Federal income tax burden paid by the top 10 percent of individual earners from 67 percent in 2000 to 70 percent in 2005. In addition, the Bush Administration removed 13 million low-income earners from the income tax rolls completely. There was 52 straight months of unprecedented growth under Bush.
And for all those tax cuts 1.2 trillion dollars to be exact, how much spending did he nix to offset it?

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Originally Posted by JP5 View Post
Tax relief under Bush spurred growth in Federal tax receipts. In fact, the Federal Treasury realized the largest three-year increase of revenue in 26 years, and tax receipts grew more than $542 billion between 2000 and 2007.

We'll have to wait to see if the CBO will be proven wrong in their assessment about Obama's spending plan or not. But so far, it's not looking good.
LMAO ahh your so good a spinning its almost hilarious if the economy and the GDP werent so (*)(*)(*)(*) poor during dubyas reign. At any rate you where just harping about what the CBO said about Obamas plan and where standing by it and agreeing 100% and no you flip? (*)(*)(*)(*) that was faster than John McCain.
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  #32 (permalink)  
Old 02-08-2009, 08:30 PM
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Default Heritage Has Some Good Answers

"If Government Spending solved recessions, we would never have recessions."

I know that Dems won't believe anything the experts at Heritage say, although they'll believe everything a liberal organization says about the spending bill. But they DO have some sound arguments here. First they start with what's wrong with this plan and list some better ideas:

HIGH COST TO AMERICAN TAXPAYERS
  • After Congress appropriates the FY’09 omnibus bill, they may have spent over $1.4 Trillion in less than one month!
    The current “stimulus bill” will be the LARGEST SPENDING BILL EVER enacted by Congress, making the New Deal look small, accounting for inflation.
  • The “Stimulus” Bills Your Family – $825 Billion is equivalent to borrowing $10,520 from EVERY FAMILY IN AMERICA. This money has to be paid back.
  • If all families were asked to equally shoulder the burden of $825 Billon, this debt would be equivalent to what they roughly spend on food, clothing, and health care in an entire year.
  • If Government Spending solved recessions, we would never have recessions.
BAD IDEAS – “THE DEVIL IN DISGUISE”
The hidden liberal policy agenda inside the ‘stimulus bill’…
  • Over $142 Billion in Federal education funds: Nearly double the total outlays for the Dept. of Education in 2007 – making good on Reid-Pelosi-Obama education promises to the NEA.
  • $87 Billion Medicaid bailout: Medicaid is funded by a formula that matches state spending levels with federal dollars. If we keep bailing states out, they will have every incentive to continue irresponsible spending. Fiscally responsible taxpayers in Indiana are now paying for fiscally irresponsible bureaucrats in Illinois.
  • Expanded Medicaid coverage and SCHIP: Reid-Pelosi-Obama are enacting a nationalized health care policy with no debate. The government will soon be responsible for more health care spending than the private sector, i.e. socialized medicine.
  • Green Jobs?: The myth of ‘green jobs’ merely means replacing one job lost, with a new job that fits the left’s agenda. It is a zero sum game. More than doubling spending, the stimulus also has over $35 billion for the Dept. of Energy. DOE’s current budget is $23.8 billion.
  • Family Planning and birth control for children, immigrants and the wealthy, which could also be used as a backdoor to allow federal funding of abortions. How is this stimulus? **UPDATE: Nancy Pelosi agrees this is not stimulus and has removed it from the bill proving these measures are allergic to sunshine.**
  • Redistribution: Refundable Tax Credits for people who don’t pay taxes.
  • Pork Spending: Digital TV Coupons ($650 Million), Gov’t Cars ($600 Million), Nat’l Endowment for the Arts ($50 Million), Repairs to National Mall ($200 Million, including $21m for sod).
BAD RESULTS
  • No Jobs: While they have not been able to support these claims, Pelosi/Obama promise between 3 & 4 million jobs, yet House Tax Committee staff can’t estimate even ONE job will be created.
  • Ineffective: The Congressional Budget Office estimates that only 52% of the spending in the ‘stimulus bill’ can even be spent by the end of FY’10. Well short of the 75% benchmark set by President Obama.
“We have tried spending money. We are spending more than we have ever spent before and it does not work.” – FDR’s Treasury Sec. Henry Morgenthau Jr., architect of the New Deal.
BETTER IDEAS AND RESULTS
  1. Make the 2001 and 2003 Tax Cuts permanent, instead of raising taxes in 2011; Reduce Marginal Tax Rates for Individuals and Businesses by 10% creating new jobs. Adopting just this one proposal would create between 500,000 and 1 million jobs in one year.
  2. Repeal the Alternative Minimum Tax & reduce the Death Tax to 15% ($5 mil. individual exclusion) Enact long-term reforms and budgets for entitlement spending., putting long-term obligations from Social Security, Medicare and Medicaid, front and center in the budget process.
  3. Assess and enforce long term spending rules in Congress. Get us out of debt!
http://blog.heritage.org/2009/01/27/...ama-debt-plan/

Much of what is in this $800+BILLION spending bill should be taken out and discussed and debated in normal appropriations bills. Why? Because they don't even kick in for a couple of years, therfore they don't need to be in THIS bill. The Obama administration is trying to rush this on the American public fast--before we even have time to examine the details...... so that they can get all the "wish list" programs they've wanted for years. And they are using this economic crisis to do it. Shameful!

"THEY PLAYED ON OUR FEARS!!!"
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  #33 (permalink)  
Old 02-08-2009, 08:48 PM
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When it turns out the CBO doesn't actually say what is claimed, quote the extreme Heritage Foundation. It's nice these ideological dunces have marginal influence these days.
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Budget surplus inherited by Bush: $236 billion (CBO, 2000)

Budget deficit inherited by Obama: $1,667 billion (CBO projection, 3/2009)
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  #34 (permalink)  
Old 02-08-2009, 08:50 PM
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Default An example

Here's an example of just how STUPID and IRRESPONSIBLE this spending bill is. My state, Texas, is getting several BILLIONS for Medicaid. But in order to get it, they must place more people in it, by raising income caps, and including the unemployed. So, in two years when this extra federal money goes away, who do you think will be left with taking care of the people who've gotten used to it? The State of Texas will be. Either that, or they'll have to boot people back off of it...and you know how popular that will be. Entitlement programs rarely get stopped once they've been started.

"The state could also qualify for part of an additional $8.6 billion if it extended Medicaid to unemployed workers. The program is currently "almost useless" for jobless Texans because income caps are "extremely low," according to a recent analysis by Anne Dunkelberg of the Center for Public Policy Priorities in Austin.

But Republican state lawmakers appear unready to extend Medicaid to the unemployed, fearing the need to kick workers off the rolls once the extra funds disappear in 2011. State Rep. Dan Gattis, the state House's chief health and welfare budget writer, recently called it "classic bait and switch."

Then there is the problem of it all having to be done fast:


"The nation is in a weird policy position," said Michael Morris, director of transportation for the North Central Texas Council of Governments. "We don't know if there is legislation, and we don't know what's going to be in it. But we have to move fast, so we are doing a lot of things in parallel."
Some officials say the tight deadlines mean they may have to reduce their ambitions for the money, choosing many smaller projects rather than investments that solve problems, such as traffic congestion.

"We'll do more pothole filling and lane striping, and less work on actual construction projects," said Chris Lippincott, spokesman for the Texas Department of Transportation. "You have to acknowledge this is economic policy, not transportation policy."

So.....line up for your pothole filling and lane striping jobs!!! I guess it's just too bad for all those financial analysts, mid-level financial industry jobs that have been lost. I don't see any jobs being created for the bulk of people who have lost jobs and/or will be losing jobs.

http://www.dallasnews.com/sharedcont...s.407038f.html
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  #35 (permalink)  
Old 02-08-2009, 08:54 PM
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Originally Posted by gmb92 View Post
When it turns out the CBO doesn't actually say what is claimed, quote the extreme Heritage Foundation. It's nice these ideological dunces have marginal influence these days.
LMFAO of course, she wont address anything anyone says! We all know why righties hate being made to be incorrect and out of touch.
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  #36 (permalink)  
Old 02-09-2009, 04:33 AM
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Originally Posted by JP5 View Post
AND I'll bet YOU were!!!!

Regardless of what they "touted" back then, they've been proven wrong.

116 million taxpayers benefited from Pres. Bush's tax relief. The across-the-board tax cuts provided tax relief to every American who pays income taxes, created a new bottom 10 percent bracket rate, doubled the child tax credit to $1,000, and actually increased the share of the Federal income tax burden paid by the top 10 percent of individual earners from 67 percent in 2000 to 70 percent in 2005. In addition, the Bush Administration removed 13 million low-income earners from the income tax rolls completely. There was 52 straight months of unprecedented growth under Bush.

Tax relief under Bush spurred growth in Federal tax receipts. In fact, the Federal Treasury realized the largest three-year increase of revenue in 26 years, and tax receipts grew more than $542 billion between 2000 and 2007.

We'll have to wait to see if the CBO will be proven wrong in their assessment about Obama's spending plan or not. But so far, it's not looking good.
Baloney!!

Are you wearing blinders? The economy went deep into the crapper under Bush's flawed policies.

If you want to give Bush credit for the growth, then he takes the blame for the crash. Sorry, JP, but that's the way it works.
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  #37 (permalink)  
Old 02-09-2009, 06:22 AM
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Originally Posted by Professor Peabody View Post
As long as it's only the handful of Republicans that vote for it. This Stimulus Bill is political suicide for the Democrats up for reelection in 2010. Democrats had better hope for 4th of July Spectacular results from their stimulus plan (not going to happen), because if they don't get it, they're going to get clobbered in the midterm! Perfect "we didn't vote for it" platform for a landslide in the Congress, then simply cut the appropriations and let their pork melt into a stinky puddle.
We can only hope that in 2010 the American people get a clue and elect officials that can really make a difference. I say out with all current elected officials.
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  #38 (permalink)  
Old 02-09-2009, 06:39 AM
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Originally Posted by JP5 View Post
"If Government Spending solved recessions, we would never have recessions."
Where did you flunk economics?
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  #39 (permalink)  
Old 02-09-2009, 06:42 AM
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After Congress appropriates the FY’09 omnibus bill, they may have spent over $1.4 Trillion in less than one month!
The money that is appropriated doesn't all get spend in one month. It gets spent over time.
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  #40 (permalink)  
Old 02-09-2009, 06:44 AM
Micky Jay Jagger Micky Jay Jagger is offline
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Originally Posted by JP5 View Post
The current “stimulus bill” will be the LARGEST SPENDING BILL EVER enacted by Congress.
Now explain why that is that a bad thing?
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