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-   -   When does the debt become important to you? (http://www.peachparts.com/shopforum/off-topic-discussion/271019-when-does-debt-become-important-you.html)

MTUpower 02-11-2010 08:51 AM

Quote:

Originally Posted by RichC (Post 2403037)
Hey now, dont bring facts into this argument.

People will have to start using their brains instead of their emotions.

Sounds exactly like the points against BHO.

RichC 02-11-2010 10:02 AM

Quote:

Originally Posted by MTUpower (Post 2403288)
Sounds exactly like the points against BHO.

What points against the president are you talking about ?

TimFreeh 02-11-2010 10:16 AM

Quote:

Originally Posted by 732002 (Post 2402923)
Didn't Reagan campaign for balanced budgets, reduced spending and the voodo
economics of lower taxes stimulating the economy and this would reduce the deficit. How did that work out for us?

Regan did campaign for balanced budgets and reduced spending, he didn't deliver on either promise.

He did lower taxes and it did stimulate the economy, tax revenues increased dramatically during the 80's - but predictably when politicians see a new dollar in revenue they think think they have the green light for two dollars of new spending and deficits did increase quite a bit in the 80's.

It is not a correct to infer that lowering taxes automatically increases the deficit or reduces the amount of taxes collected.

732002 02-11-2010 06:50 PM

Reagan's defense spending also got the economy going. (on borrowed money)

I am skeptical that tax rates and tax revenues are inversely proportional.
Sure if the rate was raised to 100% revenue would go down.

TimFreeh 02-11-2010 07:18 PM

Quote:

Originally Posted by 732002 (Post 2403716)
Reagan's defense spending also got the economy going. (on borrowed money)

I am skeptical that tax rates and tax revenues are inversely proportional.
Sure if the rate was raised to 100% revenue would go down.

I agree with your observation about Regan, unfortunately BareO certainly isn't the first president to embrace using our children's money to fix our current day problems.

Tax rates and revenue are not inversely proportional - but many people do believe that higher tax rates will always result in greater revenues to the treasury. As you point out when rates are raised some people just say "why bother?" and they alter their behavior accordingly.

The laffer curve attempts to quantify this trend

http://en.wikipedia.org/wiki/Laffer_curve

aklim 02-11-2010 07:25 PM

Quote:

Originally Posted by TimFreeh (Post 2403735)
I agree with your observation about Regan, unfortunately BareO certainly isn't the first president to embrace using our children's money to fix our current day problems.

He'd be the first I know of if he could do that. All he does is sign the budget or veto it completely. All or nothing. Who do YOU think writes the budget? All the Prez can do is send his wish list to Congress. Beyond that, what is it you think he can do?

TimFreeh 02-11-2010 07:46 PM

Quote:

Originally Posted by aklim (Post 2403741)
He'd be the first I know of if he could do that. All he does is sign the budget or veto it completely. All or nothing. Who do YOU think writes the budget? All the Prez can do is send his wish list to Congress. Beyond that, what is it you think he can do?

I realize the president isn't a king. If I were president I'd veto the budget until I got one that passed the following test.

Revnue in = revenue out.

With no accounting games.

And that's why I'll never be president.

MTUpower 02-11-2010 09:04 PM

Quote:

Originally Posted by RichC (Post 2403335)
What points against the president are you talking about ?

I quote you and you question what points: it's clear that you do not understand what you post, plus you cannot spell or use a spell checker and now you cannot recall beyond one post. God bless you.

aklim 02-11-2010 09:47 PM

Quote:

Originally Posted by TimFreeh (Post 2403756)
I realize the president isn't a king. If I were president I'd veto the budget until I got one that passed the following test.

Revnue in = revenue out.

With no accounting games.

And that's why I'll never be president.

Well, you also have to understand that you are going to take the heat way more than congress. Which is why I always say that while they are IN THEORY equals, congress gets way more of a pass and the Prez gets way more heat. So to me, that isn't really equal.

MS Fowler 02-12-2010 06:34 AM

Quote:

Originally Posted by aklim (Post 2403822)
Well, you also have to understand that you are going to take the heat way more than congress. Which is why I always say that while they are IN THEORY equals, congress gets way more of a pass and the Prez gets way more heat. So to me, that isn't really equal.

I guess we need more politicians who understand, " If you can't stand the heat, get out of the kitchen."

aklim 02-12-2010 08:17 AM

Quote:

Originally Posted by MS Fowler (Post 2403973)
I guess we need more politicians who understand, " If you can't stand the heat, get out of the kitchen."

Give the Prez all the heat you want but because of the rules, he can't do it. OTOH, if you light a fire under congress.....

MS Fowler 02-12-2010 09:40 AM

Quote:

Originally Posted by aklim (Post 2403995)
Give the Prez all the heat you want but because of the rules, he can't do it. OTOH, if you light a fire under congress.....

Leaders need to lead. Use the bully pulpit; SELL your ideas directly to the public. FWIW, G Bush failed at this.

aklim 02-12-2010 10:21 AM

Quote:

Originally Posted by MS Fowler (Post 2404035)
Leaders need to lead. Use the bully pulpit; SELL your ideas directly to the public. FWIW, G Bush failed at this.


Know what that makes it? "May the best orator win". Is that a particularly good idea? I don't think so. Hitler was a master orator and he sold his idea to the public. That is, until he got elected.

MS Fowler 02-12-2010 02:03 PM

Quote:

Originally Posted by aklim (Post 2404066)
Know what that makes it? "May the best orator win". Is that a particularly good idea? I don't think so. Hitler was a master orator and he sold his idea to the public. That is, until he got elected.

No, O do not like the best orator winning.
Maybe, just maybe, if politicians began speaking to the issues, instead of carefully crafted sound bites, the public would become educated in their listening.

Naw. not going to happen, but I can dream.

aklim 02-12-2010 02:18 PM

Quote:

Originally Posted by MS Fowler (Post 2404193)
No, O do not like the best orator winning.
Maybe, just maybe, if politicians began speaking to the issues, instead of carefully crafted sound bites, the public would become educated in their listening.

Naw. not going to happen, but I can dream.

And maybe if the sun rises in the west tomorrow, I might just believe there is a deity.

As I can I. Briana Banks and Tera Patrick will be in bed with me tonight and Jenna will rape me at work before I go home. :D


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