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Politics--Who Cares : Swingers Discussion 2071581091
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TOPIC: Politics--Who Cares
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"lso, 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). "

my debt figures aren't by MONTH, they are 2 year intervals, by Congresses, (ex the 110th Congress 1-3-07 to 1-3-09)

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The only way to turn this around are spending restraint and growing the economy. The only times I recall a congress standing up to a President to reduce spending was the Republicans

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Marjorie Mezvinsky provided the tie-breaking vote in the House that led to Clinton's tax increases. She was voted out of office at the next election cycle. Today she is the mother-in-law of Chelsea Clinton.

There have been times in modern U.S. history when the economy reacted favorably to tax increases and times when it reacted favorably to tax cuts.

What is the proper prescription for our current predicament? Methinks that only ZZ's shadow knows.

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"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). "

lol

Actual Medicare Part D spending in 2010 was $61.7 billion, or 47% less than the 2005 projection, according to the report released this year. That's not much of that 2,000,000,000,0000 in mandatory spending

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The federal government spent $3.6 trillion in fiscal year 2011 (which ended on September 30, 2011). Mandatory spending totaled about $2.0 trillion, or 56 percent of all federal outlays. That category includes spending for entitlement programs and certain other payments to people, businesses, nonprofit institutions, and state and local governments. For the most part, those programs are governed by statutory rules that specify eligibility criteria and benefit amounts.

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"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,"

Are you implying that raising taxes doesn't effect the economy, and reciepts?? Somebody should tell OweBama this, even he doesn't believe it.

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Who's responsible for all the 'mandatory' spending??????????

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" 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.

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"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.

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Bump

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TOPIC: Politics--Who Cares