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Politics--Who Cares : Swingers Discussion 2071581081
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TOPIC: Politics--Who Cares
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Clinton admitted that he raised taxes too much. Revenue only went up 1/3 of what Clinton predicted because taxpayers reduced their taxable income by over 8%. total federal revenue grew at a faster rate during the three years following the Bush tax cuts than it did during the three Clinton boom years of 1998-2000.

In 1997 President Bill Clinton signed a tax cut bill that, among other things, created a new $500 child tax credit, raised the income limit for deductible IRAs, nearly doubled the estate tax exemption, and slashed the capital gains tax rate by a whopping 28%. The reduction in the capital gains tax was especially helpful. In 1995, just over $8 billion in venture capital was invested. By 1998, the first full year in which the lower capital gains rates were in effect, venture capital activity reached almost $28 billion, more than a three-fold increase over 1995 levels, and it doubled again in 1999.

Pittsburgh PA
 
 
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"The surpluses came from revenue growth, due in large part to the 1993 tax increase, "

That's total bullshit.

Pittsburgh PA
 
 
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Food Stamps - - passed by Democrats

Pittsburgh PA
 
 
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Social Security passed by Democrats, Medicare/Medicaid passed by democrats

Pittsburgh PA
 
 
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Taxes create fear in the hearts of mortals. Stories of creatures that live under the bed or in the closet and come out at night create fear in the hearts of childdren.

As an adult, reality experiences should have taught the child that creatures do not live under the bed or in the closet to come out at night. It is clothing poorly hung or shoe odors that cause midnight terror.

Taxes are a citizens contribution to the community and society in which he lives.

Only the Republic-con Party can create childish fear of taxes in the hearts of adult children who fear the boogeyman they are told lurks in wait to steal their bank accounts.

{Who knows what evil lurks in the heart of the Republic-con Party spookyman mind? The shadow knows}.

Treasure Is FL
 
 
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"Certainly sounded to me like you were talking about months, unless month no longer means month. "

Yaaaaa, Weird that all but the current were divisible by 24. duh

Pittsburgh PA
 
 
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The biggest single item of "mandatory" spending is social security, which enjoys broad bi-partisan support and is funded by dedicated payroll taxes which thus far have reduced, not increased, the deficit. 

The next largest is Medicare, partially funded by its own dedicated payroll tax. The Part D increase was passed solely by Repubs over strong Dem opposition, with no plan to pay for it. $61 billion in 2010 is nothing to sneeze at, especially when you consider that the baby boomers are just now becoming eligible. 

After that you have veterans benefits, interest on the debt, and a lot of income security measures like UI, Medicaid and welfare. Republicans have begged to increase and extend those benefits during recessions when a Repub President was in office, and moan about it at other times. 

Not sure what your point is. 

Belle Chasse LA
 
 
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"It was less of an increase after the GOP took control."

Wrong again. Year-over-year spending increases during the last six years of Clinton's administration varied from a low of 2.6% growth in FY 1997 to a high of 5.1% growth in FY 2000. Overall, in those years with a Repub Congress, spending grew by a total of 23% (over six years; do the math). 

I agree with you that the Repubs TRIED to cut spending much more. Clinton judged many of those cuts to be detrimental to economic growth, vetoed them, and forced Congress to restore some of the cuts. (which you won't believe, because you think Congress has complete control over spending). 

The surpluses came from revenue growth, due in large part to the 1993 tax increase, passed without a single Repub vote and over their dire warnings that it would cause a recession. You Repubs just can't admit that you were flat out wrong, and that Clinton was right. Carry on. 

Belle Chasse LA
 
 
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"my debt figures aren't by MONTH, they are 2 year intervals,"

You need to go back and read your own post. It listed figures for "Control-- Months --Total debt incurred---Average debt/month"

Certainly sounded to me like you were talking about months, unless month no longer means month.

Belle Chasse LA
 
 
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"Too bad that's not supported by the data."

If you include within your definition of "data" a PROJECTION by CBO, I can't help you. 

Belle Chasse LA
 
 
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TOPIC: Politics--Who Cares