PoliticsWho Cares: Swingers Discussion 20715810101

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PoliticsWho Cares: Swingers Discussion 20715810101

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TOPIC: Politics--Who Cares

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User Details are only visible to members.	" Spending growth was 3.7% in the first two years of Clinton's term (1993-94, under a Dem-controlled Congress), about the same as under the last six years with a Repub Congress. " It was less of an increase after the GOP took control.
Pittsburgh PA			Username hidden (14772 post)

User Details are only visible to members.	"The surpluses during the last few years of Clinton's administration weren't due only to restrained spending growth; they resulted from much higher revenue growth from an expanding economy and the tax revenue increases enacted in 1993. Repubs had unanimously opposed those tax increases, but you give them credit for the resulting surpluses. " Too bad that's not supported by the data. In 1995, 18 months after the tax increase was signed the Office of Management and Budget issued projections of deficits for the next five years if existing policy was maintained and estimated that future deficits would be about $200 billion and would slightly increase over the five-year period.
Pittsburgh PA			Username hidden (14772 post)

User Details are only visible to members.	Bump
Pittsburgh PA			Username hidden (14772 post)

User Details are only visible to members.	And before you misunderstand my comments, both parties have contributed to the fiscal irresponsibility. To generalize, Dems have taken the lead in supporting social program and entitlement spending at levels that are unsustainable unless healthcare costs are reigned in. Repubs have written blank checks in other areas, primarily for military but also for entitlements (e.g., their huge expansion of Medicare via Part D). The main difference between the parties in terms of deficits and the debt, has been that Dems favored tax rates to pay for the spending, while Repubs favored cutting taxes and putting the spending on the national credit card. If anyone wants to label Dems as tax-and-spenders, they ought to be honest and label Repubs as borrow-and-spenders. Debt results from the latter, not the former. #JustForTheHellOfIt
Belle Chasse LA			Username hidden (8678 post)

User Details are only visible to members.	What's up with the hash-tags Fun?
Colts Neck NJ			Username hidden (12740 post)

User Details are only visible to members.	"Seems like 120 months to me." You left out the first half of 2001 when Republicans controlled Congress until Jeffords defected and became an Independent. Also, the last two months of 2002 after Wellstone died and Jean Carnahan was replaced in a special election. The debt increased by about $120 billion in those two months even though Congress wasn't in session. (Which, in itself, is more proof of the silliness involved in your attributing debt incurred during a given month to the party controlling Congress that particular month). #FunnyNumbers
Belle Chasse LA			Username hidden (8678 post)

User Details are only visible to members.	Perf, your deficit-by-the-month exercise is cute. If there were a way for Repubs to claim all the credit for the Clinton budget surpluses while avoiding all blame for the huge deficits caused by the Bush Recession, I felt sure you would find it. Congrats on a very nice piece of simplistic spin. To arrive at your observation that the debt increased under Repub congresses by an average of $27 billion per month compared to $83 billion per month under Dem congresses, you resort to averaging figures from wildly divergent years and circumstances. Example: Debt increased by about $26 billion per month in 1993-94 under a Dem Congress. Dems lost control of Congress in 1994 and didn't regain it until 2007. By that time baseline spending had increased enormously, and tax rates had been slashed. Coupled with the huge deficit effects of the recession, deficits automatically topped $100 billion per month without any "help" from the Dems. Averaging those monthly deficits with the $26 billion/month from the early 90's is sort of like saying that Wilt Chamberlin and I once averaged 50 points in a game.
Belle Chasse LA			Username hidden (8678 post)

User Details are only visible to members.	"Democrats spend 3 times as much as Republicans." That's false, and even your superficial and simplistic debt-by-the-month figures don't address spending. Deficits and spending, while related to each other, are not the same thing. The size of a deficit or surplus isn't determined solely by appropriated spending; it's also a function of revenue and the impact of other economic conditions that are baked into the pie long before the month in question. Example: Spending growth was 3.7% in the first two years of Clinton's term (1993-94, under a Dem-controlled Congress), about the same as under the last six years with a Repub Congress. The surpluses during the last few years of Clinton's administration weren't due only to restrained spending growth; they resulted from much higher revenue growth from an expanding economy and the tax revenue increases enacted in 1993. Repubs had unanimously opposed those tax increases, but you give them credit for the resulting surpluses. I've already discussed this at length, to which you had no reply.
Belle Chasse LA			Username hidden (8678 post)

User Details are only visible to members.	"Somebody let me know if Fun Ahoy slinks back in here." Perf, I've been busy with storm cleanup and slinked back in here mainly to see if Mickey had any tips for how I might glom off the government. But I notice that you never responded to any of the questions I asked you here. I asked you, twice, for examples of any specific measures adopted since 2008 that increased the deficit. What I'm really interested in is your estimate of how much of the recent deficits was caused by the recession via automatic stabilizers, as opposed to being caused by any specific legislation that those Congresses voted on. I doubted your ability to discuss the real issue of deficits and debt in any depth beyond simplistic superficialities.
Belle Chasse LA			Username hidden (8678 post)

User Details are only visible to members.	Amen on the Integrity. People who are known for their integrity usually do not know they have it because its part of them
Falls City OR			Username hidden (368 post)

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TOPIC: Politics--Who Cares