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#1
posted to rec.boats
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the success of the bush tax cuts
while the ku klux clowns are blaming obama for bush's turning the
economy over to the chinese, let's look at the effects of 10 years of bush tax cuts http://motherjones.com/mojo/2011/06/...-bush-tax-cuts Between 2001 and 2010, the Bush tax cuts added $2.6 trillion to the public debt, 50 percent of the total debt accrued during that time. Over the past 10 years, the country has spent more than $400 billion just servicing the debt created by the cuts. Tax collections have plunged to their lowest share of the economy in 60 years. Between 2002 and 2007, employment increased by less than 1 percent when the economy was supposed to be expanding. Employment growth barely kept pace with population growth. Between the end of 2001, when the country was in a recession, and the peak of the real estate bubble, er, economic expansion in 2007, the US economy performed worse than at any time since the end of World War II. Median weekly earnings fell more than 2 percent between 2001 and 2007. Meanwhile, people making over $3 million a year, who account for just 0.1 percent of taxpayers, got an average tax cut of $520,000, more than 450 times what the average middle-income family received. ---------- and the right wing tells us how WONDERFUL this is...the rich are getting richer...the middle class, worthless scum that they are, are paying for it. as god intended. |
#2
posted to rec.boats
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the success of the bush tax cuts
On Jun 7, 9:18*pm, wf3h wrote:
while the ku klux clowns are blaming obama for bush's turning the economy over to the chinese, let's look at the effects of 10 years of bush tax cuts http://motherjones.com/mojo/2011/06/...-bush-tax-cuts Between 2001 and 2010, the Bush tax cuts added $2.6 trillion to the public debt, 50 percent of the total debt accrued during that time. Over the past 10 years, the country has spent more than $400 billion just servicing the debt created by the cuts. Tax collections have plunged to their lowest share of the economy in 60 years. Between 2002 and 2007, employment increased by less than 1 percent when the economy was supposed to be expanding. Employment growth barely kept pace with population growth. Between the end of 2001, when the country was in a recession, and the peak of the real estate bubble, er, economic expansion in 2007, the US economy performed worse than at any time since the end of World War II. Median weekly earnings fell more than 2 percent between 2001 and 2007. Meanwhile, people making over $3 million a year, who account for just 0.1 percent of taxpayers, got an average tax cut of $520,000, more than 450 times what the average middle-income family received. ---------- and the right wing tells us how WONDERFUL this is...the rich are getting richer...the middle class, worthless scum that they are, are paying for it. as god intended. Sure sounds like the rich & their politician puppets want to 'get theirs' before the house of cards tumbles down. |
#3
posted to rec.boats
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the success of the bush tax cuts
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#4
posted to rec.boats
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the success of the bush tax cuts
On 07/06/2011 6:18 PM, wf3h wrote:
while the ku klux clowns are blaming obama for bush's turning the economy over to the chinese, let's look at the effects of 10 years of bush tax cuts http://motherjones.com/mojo/2011/06/...-bush-tax-cuts Between 2001 and 2010, the Bush tax cuts added $2.6 trillion to the public debt, 50 percent of the total debt accrued during that time. Over the past 10 years, the country has spent more than $400 billion just servicing the debt created by the cuts. Tax collections have plunged to their lowest share of the economy in 60 years. Between 2002 and 2007, employment increased by less than 1 percent when the economy was supposed to be expanding. Employment growth barely kept pace with population growth. Between the end of 2001, when the country was in a recession, and the peak of the real estate bubble, er, economic expansion in 2007, the US economy performed worse than at any time since the end of World War II. Median weekly earnings fell more than 2 percent between 2001 and 2007. Meanwhile, people making over $3 million a year, who account for just 0.1 percent of taxpayers, got an average tax cut of $520,000, more than 450 times what the average middle-income family received. ---------- and the right wing tells us how WONDERFUL this is...the rich are getting richer...the middle class, worthless scum that they are, are paying for it. as god intended. Where do you get this BS. Bush was not presiand dent in 2009 and 2010...unless of course he looked like Obama. As for debt spend, Obama has already added much more debt than Bush did in 8 years, problem is Obama isn't even through his first, and hopefully last term. Tax collections are low because producers are not making any money and with 8 million lost jobs off of 2006 Congress starting, plus replacement jobs are crap, well, you don't make it you don't get taxed on it. Bet a lot of people would love to go back to the 2002 and 2006 employment type stats. You know, before democratic congress of 2006 botched it up. There was no expansion in 2007, that is when the Congress was screwing with interest rates and market liquidity dried up. Hey, why should I lend money for nothing but a load of risk? Funny, and the top 20% of earners pay 80% of the taxes. So do you mean there is revenue in those 80% of the turnips? -- Government isn't the solution to the bad economy, it is the problem. |
#5
posted to rec.boats
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the success of the bush tax cuts
On Wed, 08 Jun 2011 00:54:12 -0600, Canuck57
wrote: On 07/06/2011 6:18 PM, wf3h wrote: while the ku klux clowns are blaming obama for bush's turning the economy over to the chinese, let's look at the effects of 10 years of bush tax cuts http://motherjones.com/mojo/2011/06/...-bush-tax-cuts Between 2001 and 2010, the Bush tax cuts added $2.6 trillion to the public debt, 50 percent of the total debt accrued during that time. Over the past 10 years, the country has spent more than $400 billion just servicing the debt created by the cuts. Tax collections have plunged to their lowest share of the economy in 60 years. Between 2002 and 2007, employment increased by less than 1 percent when the economy was supposed to be expanding. Employment growth barely kept pace with population growth. Between the end of 2001, when the country was in a recession, and the peak of the real estate bubble, er, economic expansion in 2007, the US economy performed worse than at any time since the end of World War II. Median weekly earnings fell more than 2 percent between 2001 and 2007. Meanwhile, people making over $3 million a year, who account for just 0.1 percent of taxpayers, got an average tax cut of $520,000, more than 450 times what the average middle-income family received. ---------- and the right wing tells us how WONDERFUL this is...the rich are getting richer...the middle class, worthless scum that they are, are paying for it. as god intended. Where do you get this BS. Bush was not presiand dent in 2009 and 2010...unless of course he looked like Obama. As for debt spend, Obama has already added much more debt than Bush did in 8 years, problem is Obama isn't even through his first, and hopefully last term. Tax collections are low because producers are not making any money and with 8 million lost jobs off of 2006 Congress starting, plus replacement jobs are crap, well, you don't make it you don't get taxed on it. Bet a lot of people would love to go back to the 2002 and 2006 employment type stats. You know, before democratic congress of 2006 botched it up. There was no expansion in 2007, that is when the Congress was screwing with interest rates and market liquidity dried up. Hey, why should I lend money for nothing but a load of risk? Funny, and the top 20% of earners pay 80% of the taxes. So do you mean there is revenue in those 80% of the turnips? I know were you got your stupid... suggestion: stop banging your head on the wall so much. |
#6
posted to rec.boats
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the success of the bush tax cuts
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#8
posted to rec.boats
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the success of the bush tax cuts
On Wed, 08 Jun 2011 00:54:12 -0600, Canuck57
wrote: On 07/06/2011 6:18 PM, wf3h wrote: while the ku klux clowns are blaming obama for bush's turning the economy over to the chinese, let's look at the effects of 10 years of bush tax cuts http://motherjones.com/mojo/2011/06/...-bush-tax-cuts Between 2001 and 2010, the Bush tax cuts added $2.6 trillion to the public debt, 50 percent of the total debt accrued during that time. Over the past 10 years, the country has spent more than $400 billion just servicing the debt created by the cuts. Tax collections have plunged to their lowest share of the economy in 60 years. Between 2002 and 2007, employment increased by less than 1 percent when the economy was supposed to be expanding. Employment growth barely kept pace with population growth. Between the end of 2001, when the country was in a recession, and the peak of the real estate bubble, er, economic expansion in 2007, the US economy performed worse than at any time since the end of World War II. Median weekly earnings fell more than 2 percent between 2001 and 2007. Meanwhile, people making over $3 million a year, who account for just 0.1 percent of taxpayers, got an average tax cut of $520,000, more than 450 times what the average middle-income family received. ---------- and the right wing tells us how WONDERFUL this is...the rich are getting richer...the middle class, worthless scum that they are, are paying for it. as god intended. Where do you get this BS. Bush was not presiand dent in 2009 and 2010...unless of course he looked like Obama. his last budget was 2009, it was 1.2 trillion in debt and HIS tax cuts continue to fund the deficit. read the artice As for debt spend, Obama has already added much more debt than Bush did in 8 years, problem is Obama isn't even through his first, and hopefully last term. really? proof? oh. none. but he's black... Bet a lot of people would love to go back to the 2002 and 2006 employment type stats. You know, before democratic congress of 2006 botched it up.]] yep the asset bubble. a lie told to the US middle class by the right wing uh...how'd that work out? There was no expansion in 2007, that is when the Congress was screwing with interest rates and market liquidity dried up. Hey, why should I lend money for nothing but a load of risk? yep. the GOP congress and the GOP president screwed the US. Funny, and the top 20% of earners pay 80% of the taxes. So do you mean there is revenue in those 80% of the turnips? funny the top 20% have had a 500% increase in income in the last 30 years AND a 30% tax CUT tells you how much money they make while the middle class dies. |
#9
posted to rec.boats
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the success of the bush tax cuts
In article ,
says... On Wed, 08 Jun 2011 01:09:25 -0400, wrote: On Tue, 07 Jun 2011 20:18:04 -0400, wf3h wrote: Between 2001 and 2010, the Bush tax cuts added $2.6 trillion to the public debt, 50 percent of the total debt accrued during that time. Over the past 10 years, the country has spent more than $400 billion just servicing the debt created by the cuts. Obama has been in office over 2 years and he had a filibuster proof senate along with the house for several months. well no. the budget is the function of the house and it was not filibuster proof but, then, you simply say it's the black guy's fault and i notice you said zip about the 30 year history of the rape of the US by your friends You keep spewing this crap, hoping somebody will be dumb enough to believe it. The fact is, for the last 40 years the democrats have either been in control of two or all three (house, senate, whitehouse) more than the republicans with times of all three when the republicans have not had that advantage at all. You really need to read up on some simple history before you blame the consistently minority party... Why didn't the democrats repeal those cuts? In fact the democrats extended them when they expired. All Obama had to do was veto that bill. as you yourself noted.... they couldnt. so again, it's the black guy's fault... -- Team Rowdy Mouse, Banned from the Mall for life! |
#10
posted to rec.boats
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the success of the bush tax cuts
In article ,
says... On Tue, 07 Jun 2011 23:32:11 -0700, wrote: On Wed, 08 Jun 2011 01:09:25 -0400, wrote: On Tue, 07 Jun 2011 20:18:04 -0400, wf3h wrote: Between 2001 and 2010, the Bush tax cuts added $2.6 trillion to the public debt, 50 percent of the total debt accrued during that time. Over the past 10 years, the country has spent more than $400 billion just servicing the debt created by the cuts. Obama has been in office over 2 years and he had a filibuster proof senate along with the house for several months. Why didn't the democrats repeal those cuts? In fact the democrats extended them when they expired. All Obama had to do was veto that bill. These are now the Obama tax cuts, along with a 14% cut in the FICA tax. He had doubled down on the Bush tax policy. It's a bit more nuanced than that, but basically you're right. The nuance includes both lack of Dem backbone and Republican obstructionism (the "filibuster" proof senate isn't much of an argument, since there are wide range of Dems). now THAT is strue. as folks point out, the dems are far less united in their hatred of the middle class than the GOP is. the 1st order of business of the GOP is to destroy the middle class You can say it all you want, but Pelosi, Reid, Obama, his cabinet, and the rest have said they would raise gas prices to "price us away from petrol fuels" and they have done exactly as they said they would.. -- Team Rowdy Mouse, Banned from the Mall for life! |
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