Isn't the economy much more complex than a tax cut?
I know for a fact that Red staters are hard workers. Yet their economies lag due to the fiscal leadership they are lacking. They simply are thrown a bone (tax cut) to behave while their politicians rob the state koffers. Am I wrong?
2007-09-04
15:11:04
·
27 answers
·
asked by
Chi Guy
5
in
Politics & Government
➔ Politics
Jimmy J (below) True. Due to the auto industry that has been allowed to be gutted by Repub corporate leadership to far away lands.
2007-09-04
15:19:00 ·
update #1
rookiejon (below) Do not have a party. There are pros and cons to Dems and Repubs. This just happens to be a Dem pro. Repubs have pros as well.
2007-09-04
15:27:43 ·
update #2
RitchWilliams (below) Suggest you reread what your flawed "recall" remebers. The poster of a question made those statements. I did NOT agree with the lazy part. The poster was trying to call Dems lazy. He asked "What party am I" after a long list os insults.
2007-09-04
15:30:29 ·
update #3
RitchWilliams (below) Bottom line, who makes the decisions for the industry? The guy attaching the muffler, or the multimillion dollar corporate exec?
2007-09-04
15:41:23 ·
update #4
History will prove Dem fiscal policies always win out...
Ok, well at least 40 years ago to date...
4 thumbs down? Shows the ignorance...go do your research people. I'm conservative on many issues but its hard to refute facts and statistics...
2007-09-04 15:15:58
·
answer #1
·
answered by Glen B 6
·
8⤊
5⤋
Doesn' make a difference whoever is in office, The public will only get the good set of books...
The government keeps 2 sets of books, the public doesn't get the real story from the government..
From a USAToday article:
What's the real federal deficit?
"The federal government keeps two sets of books.
The set the government promotes to the public has a healthier bottom line: a $318 billion deficit in 2005.
The set the government doesn't talk about is the audited financial statement produced by the government's accountants following standard accounting rules. It reports a more ominous financial picture: a $760 billion deficit for 2005. If Social Security and Medicare were included — as the board that sets accounting rules is considering — the federal deficit would have been $3.5 trillion.
Congress has written its own accounting rules — which would be illegal for a corporation to use because they ignore important costs such as the growing expense of retirement benefits for civil servants and military personnel.
Last year, the audited statement produced by the accountants said the government ran a deficit equal to $6,700 for every American household. The number given to the public put the deficit at $2,800 per household."
further in the acticle...
"The Clinton administration reported a surplus of $559 billion in its final four budget years. The audited numbers showed a deficit of $484 billion. "
2007-09-04 15:26:22
·
answer #2
·
answered by DONALD H 2
·
1⤊
0⤋
The problem with looking at the economy in that way is that for the last 27 years a Democrat sat in the Oval Office for only 8 years.
The current fiscal policy, however, that concentrates only on increasing federal tax revenue and not the quality of the individual realy sucks. What good is having a prospering business climate and not having a prospering middle class? Democrats tend to focus on the needs and prosperity of the individual rather than the needs and prosperity of corporations. Prosperity at the corporate level really only benefits investments. People in the upper 1% of the income levels don't work for a living. They invest. These people are already quite comfortable in life. Why should government policy concentrate on making them more comfortable?
2007-09-05 01:52:30
·
answer #3
·
answered by Overt Operative 6
·
1⤊
0⤋
The republican mantra since Reagan has been simply to make the rich richer and then hope that there will be a trickle down effect. The democrats have almost universally been for getting as much cash as possible to the bottom and it will move upward creating demand, investment, income, savings and taxes. That was the entire point of Social Security payments....money at the bottom in sufficent amounts to raise the economic equalibrium to a higher level...it works. In fact, no money is ever actually wasted as it doesn't simply vanish as long as its placed back in circulation. The 'rich' don't get ripped off by paying taxes as all of that money eventually comes back to them dragging a little extra along with it. When it comes to economic questions the current GOP has it all wrong, but try to tell them that and they'll call 'ya a commie!
2007-09-04 15:29:48
·
answer #4
·
answered by Noah H 7
·
2⤊
0⤋
Yeah, you are. And you're faking it. I remember reading something you wrote earlier today that described 'red staters' as lazy and unemployed. But good try with the act.
As to your basic question, yeah, you are wrong. If it had not been for Newt Gingrich and the republican congress elected in '94, two things would have happened. Clinton would have had his national health care system that would have increased the national budget by trillions and that same budget would NOT have been balanced. It was the republicans and their efforts to pass the balanced budget amendment that forced the president to sign budgets that decreased the national debt to the point that a surplus was created.
As to Bush and the republican congress, I have a lot of problem with them. The biggest problem is the fact that they co-opted democratic initiatives as their own and ended up spending like drunken sailors. But say what you will, it was Bush's tax cut that kick started America's economy and pulled it out of Clinton's recession. As a result, the national debt has almost been cut in half due to INCREASED tax REVENUES resulting from the strength of the economy. The following link shows this clearly and even if the economy slows, they admit that we are headed back toward a surplus. Hey, it's tough to stay in the black when you're fighting off a recession. But that's just what Clinton gave us when he stuck his, um, finger, directly into the tech bubble and destroyed thousands of companies and millions of jobs.
But good try.
Oh, and by the way. The American Auto Industry is in the toilet because American cars are designed and built to last five years. The workers are over paid and quality sucks. And that's the fault of both management AND the workers. I've been driving cars for over 30 years and every time I look for a new one, I always look for an American car. And yet, in 30 years, I've yet to find an American car worth having. So, Chi, it's not always about 'the man', but again, good try.
2007-09-04 15:26:42
·
answer #5
·
answered by The emperor has no clothes 7
·
2⤊
1⤋
The poster Thinkfirst is absolutely correct about the 1980 thing. it was about that time republicans started dominating the government and do I dare say sucking up to the corporate elite who in turn scratched their backs too. Republican greed has run it's course now and got us into a whole lot of trouble. Dems need to stay strong and vote these thugs out for about 20 years or longer to ever get America on the right track again. Just watch though a dem will get the WH and not be able to get it on track in 4 years time and the voters will be screaming bloody murder they didn't do their job.
2007-09-04 15:28:12
·
answer #6
·
answered by Enigma 6
·
0⤊
1⤋
Most Americans are middle of the road, middle class people who want a competent leader. Right now they are upset and disappointed, but they don't scream and moan at the small minority of people who are neocons and liberals. They're too busy trying to take care of their families, make a living, and pay the bills and taxes. Unfortunately, they're under attack by their own government. They are also the people whose children are sent to war, unlike the whining folk on the extremes of the political spectrum. With all this middle class, middle of the road Americans still love their country and believe that things will eventually be better. If the government can't do it, they'll do it themselves because they aren't whiners. So hold on...
2007-09-04 16:00:10
·
answer #7
·
answered by Anonymous
·
1⤊
0⤋
All I can say is I am better off than I was in 2000, although I have not gained any more education, or learned a new skill that would move me up the scale. I have an equivalent job, but a better car, nicer apartment, less credit card debt. My Credit card debt was around $7,000 now it is around $1,500. So all I know is, I am better off. Therefore, I would choose republican fiscal policies over democratic any day.
2016-05-17 04:15:40
·
answer #8
·
answered by bettye 3
·
0⤊
0⤋
No, you are not wrong.
Please, allow me to over simplify, my wife say's I have a gift at it.
The difference between Cons (Reps) and Libs (Dems).
Cons push supply side economics.
The idea is to let the rich have more money to spend. Infuse the upper class with an abundance expendable income. Income for luxuries rather than essentials.
They receive it through tax breaks and corporate land grants, tariff reductions, gov't contracts etc. So it's not really welfare it's "growth incentive".They are then hopefully expected to go out and spend money that will then trickle down to the little guy. ie buy a boat, new luxury car, Higher education, make a political contribution, or hire strippers for their Enron party.
Dems push social economics.
The idea is to infuse money directly to those who need it for essentials rather than luxuries. Since it's cash in hand they call it welfare.
They give a check providing money directly to the underpaid workers, the unemployed, undereducated and girls unwilling to strip.
They are then expected to go buy items needed essentials for survival. Food, basic transportation, clothing, housing and tech school education etc.
Either way money is gleaned from taxation and redistributed to provide economic stimulation.
The Dem way is just more direct and more efficient.
The rich are rich because they don't spend, the poor are poor because they spend to much.
So who's going to charge the economy with the extra cash you give them?
2007-09-04 17:23:12
·
answer #9
·
answered by whitiepossum 3
·
2⤊
0⤋
This year's budget for the city of San Francisco is $6.065 B. population(744000)
It means that city is spending about $8152 per person (not per tax payer).
Similar calculation for the whole country:
US budget $2.7 T / 299.4 M = $9018 per person.
If the Dems had the same stronghold on the whole country as they do on S.F. the government spending would go through the roof (even when compared with the out-of-control spending by the current GOP administration).
2007-09-04 15:43:34
·
answer #10
·
answered by nosf37 4
·
0⤊
1⤋
A fleeting moment of honesty? What kinda cereal have you been eating?You sound just a little bit like a socialist to me..maybe i am wrong?The problem with all of you pompous types is you really think your party is better.The fact is both parties have major flaws yes? Can you deny that statement?Politics!!! Ugh!!!! I live in a blue state where the newly elected gov just promised a tax hike.We pay enough taxes here in Maryland already....where does the annual windfall go?Year after year we have a windfall.Dude....we pay enough taxes the answer to your intriguing Q is..Hell No Dem economics isnt better funny thing is you truly beleive it.
2007-09-04 15:23:46
·
answer #11
·
answered by rookiejon 3
·
3⤊
2⤋