WASHINGTON -- There is some very good news in the battle to slay the budget deficit. It is being cut in half well ahead of forecasts, offering fresh evidence that reducing federal tax rates does not undermine government revenues. The Bush administration has a lot of problems on its plate, both foreign and domestic, but the budget deficit is not one of them. This is one area where President Bush's policies have been a resounding success, though don't expect to see this reported on the nightly network news shows.
The Office of Management and Budget announced last week that the annual deficit, estimated at $400 billion just a few years ago, will be $205 billion by the end of this fiscal year (which ends in September).
http://www.townhall.com/columnists/DonaldLambro/2007/07/16/the_incredible_shrinking_deficit
2007-07-16 02:05:10 · 13 answers · asked by Anonymous in Politics & Government ➔ Politics
cantcu...you're a walking liberal slogan machine.....trickle down works every time its tried....JFK knew this, Reagan knew this, and President Bush knows this.....
2007-07-16 02:55:50 · update #1
Because to do so would be to admit that capitalism works.
What everyone is missing is the debate is not about right versus left, or dem versus repub, or conservative versus liberal,
the debate is straight up, a fight between the freedom and liberty of a free market, or the chains of servitude to a Marxist ideology. It is simple black and white, they hate capitalism and seek to destroy it at any chance.
You know that what you say is right, they know it as well but cannot admit it as it goes against their basic Marxist beliefs, and to do so would be tantamount to philosophical suicide. They find murdering our culture to be more to their liking, so you really see it is devolving into a kill or be killed scenario, freedom versus servitude.
2007-07-16 10:05:26 · answer #1 · answered by rmagedon 6 · 1⤊ 0⤋
"The big surprise has been in tax revenue, which is running nearly 15 percent higher than in 2004. Corporate tax revenue has soared about 40 percent, after languishing for four years, and individual tax revenue is up as well. "
One good year in five is hardly evidence that tax cuts work. that is why the media is not reporting this.
http://www.nytimes.com/2005/07/13/business/13deficit.html?ei=5090&en=a410f8c74d4700a5&ex=1278907200&pagewanted=print
I like this quote too:
"But many independent analysts cautioned that the improvement, though notable, could prove ephemeral and that it did little to eliminate much bigger fiscal problems just over the horizon. "Lawmakers who allow themselves to be lulled into thinking that the economy is growing its way out of the deficit," wrote Edward McKelvey, an economist at Goldman Sachs in New York, "are unlikely to support the painful measures needed to reach a more lasting solution.""
2007-07-16 02:11:41 · answer #2 · answered by beren 7 · 0⤊ 2⤋
Go preach that BS somewhere else!
If we could slay the deficit maybe Bush would stop running it up, but he hasn't!
Trickle down doesn't work, and the rich get all the tax cuts!
Go talk to someone who is a complete idiot and believes David Stockman still!
And tell him to put the deficit from the war in there because it isn't! You really believe that?
They Call Him "W" So He Can Spell It
Tax cuts have NEVER stimulated the economy when it all goes to the rich! What are they going to spend it on! Hell, they hire illegals now!
That is why they call it voodoo economics. You pretend it doesn't come from somewhere!!!!
Sure it make sense. Let see, we rob from the poor and give it to the rich in hopes that some we stole trickles back down! That makes no sense at all! It didn't under Reagan, it doesn't under Bush, and IT NEVER WILL! Duhhhhh!!!!
2007-07-16 02:10:05 · answer #3 · answered by cantcu 7 · 2⤊ 6⤋
Tax cuts have always stimulated the economy. If the Democrats retain control of the Congress in the 2008 elections, look for them to lapse and American workers will take home less money which will go the government. They should have been made permanent.
2007-07-16 02:10:26 · answer #4 · answered by Anonymous · 2⤊ 3⤋
1. If it doesn't bash Bush they don't care.
2. For those who keep saying Clinton had a surplus. I suggest you look at the how much we were in the hole while he was president.
2007-07-16 02:23:15 · answer #5 · answered by Anonymous · 1⤊ 1⤋
because the media is mostly made up of biased liberals. they won't print anything that is positive about the current administration. my son is in the US Army and he tells me of so many positive things that never will be reported. i think we need to know both the negative and the positive to be able to make informed judgments. we are not afford that opportunity.
2007-07-16 02:13:35 · answer #6 · answered by ? 7 · 3⤊ 1⤋
If you call a 205 billion dollar deficit working...
2007-07-16 02:27:08 · answer #7 · answered by McCoy 2 · 1⤊ 2⤋
I saw that story too. Sadly, it doesn't support the message that the mostly liberal media wants to put out there, so it is not reported, or it is buried on page 49...
2007-07-16 02:07:59 · answer #8 · answered by Leah 6 · 4⤊ 2⤋
The budget had a surplus under Clinton, a fiscal conservative. It is a detrement to Americans to think their party is the party that ALWAYS makes sense, as, it just isn't true.
2007-07-16 02:11:24 · answer #9 · answered by Anonymous · 2⤊ 4⤋
That's an easy one to respond to. Because it would make Bush look good. :)
2007-07-16 02:14:02 · answer #10 · answered by Anonymous · 3⤊ 2⤋