R
Ron Ruff
Guest
On Nov 13, 9:14 am, "Bill Sornson" <[email protected]> wrote:
> Not to
> mention a decimated military, both in man power and equipment.
"Decimating" the military was the path to a much better economy. Un-
needed military spending is a complete waste... and it still is.
> Then 9-11
> hit, and the only (or at least best) way to revcover quickly was to spend a
> LOT of money. Which he did. (And then some.)
Recover from what? Any real economic impact from 9-11 was small and
brief.
> Then the tax cuts took full effect, and revenues rose to record levels and
> the deficit has declined to less than the average of the previous
> "rose-colored glasses" decade.
Wow... that was creative. What do "average deficits" have to do with
anything? Clinton inherited a huge deficit from Bush 1 and it was
turned into a *surplus* before the end of the decade. Bush 2 quickly
turned that into huge deficits by spending more and cutting taxes.
Yes, it isn't quite as huge as it was a couple years ago. Yes, there
was a recession, so I can cut him a little slack for that.
> The rich pay a higher proportion of taxes
> than ever; the poor pay virtually nothing
You have to cite your sources for whoppers like that. I remember Rush
stating a couple years ago that the top 5% was paying a higher
percentage of the total taxes than they were 10 years ago. What he
failed to mention was that the top 5% had doubled their income in 10
years, while the income of the rest of the population was stagnant.
So... you would have needed to cut their tax *rate* in half to keep
them from paying a higher percentage.
> businesses have hired and people
> have invested; inflation has stayed low; employment has reached statistical
> fullness;
Yes, plenty of low paying "servant" jobs around... and since the
alternative is living on the streets, people have to take what they
can get.
> home ownership (including among minorities) is at record highs.
That was 3 years ago... and now we know why. Since then it's been on a
sharp decline.
Why don't you cite a more meaningful number like the percentage of
gross income needed to purchase a home?
> Now if the US would just be allowed to explore for and secure ENERGY SOURCES
"Secure" as in occupy a few middle eastern countries? That has done
wonders for the price of oil... Bush et al have done everything in
their power to make the oil industry rich. Remember his big speech
about how we were going to convert to hydrogen? What happened? Of
course hydrogen was and is stupid. It is hardly a source of energy
since it takes much more energy to produce it than what you get out.
Nuclear isn't that attactive since it is more expensive than wind or
solar-thermal.
> Not to
> mention a decimated military, both in man power and equipment.
"Decimating" the military was the path to a much better economy. Un-
needed military spending is a complete waste... and it still is.
> Then 9-11
> hit, and the only (or at least best) way to revcover quickly was to spend a
> LOT of money. Which he did. (And then some.)
Recover from what? Any real economic impact from 9-11 was small and
brief.
> Then the tax cuts took full effect, and revenues rose to record levels and
> the deficit has declined to less than the average of the previous
> "rose-colored glasses" decade.
Wow... that was creative. What do "average deficits" have to do with
anything? Clinton inherited a huge deficit from Bush 1 and it was
turned into a *surplus* before the end of the decade. Bush 2 quickly
turned that into huge deficits by spending more and cutting taxes.
Yes, it isn't quite as huge as it was a couple years ago. Yes, there
was a recession, so I can cut him a little slack for that.
> The rich pay a higher proportion of taxes
> than ever; the poor pay virtually nothing
You have to cite your sources for whoppers like that. I remember Rush
stating a couple years ago that the top 5% was paying a higher
percentage of the total taxes than they were 10 years ago. What he
failed to mention was that the top 5% had doubled their income in 10
years, while the income of the rest of the population was stagnant.
So... you would have needed to cut their tax *rate* in half to keep
them from paying a higher percentage.
> businesses have hired and people
> have invested; inflation has stayed low; employment has reached statistical
> fullness;
Yes, plenty of low paying "servant" jobs around... and since the
alternative is living on the streets, people have to take what they
can get.
> home ownership (including among minorities) is at record highs.
That was 3 years ago... and now we know why. Since then it's been on a
sharp decline.
Why don't you cite a more meaningful number like the percentage of
gross income needed to purchase a home?
> Now if the US would just be allowed to explore for and secure ENERGY SOURCES
"Secure" as in occupy a few middle eastern countries? That has done
wonders for the price of oil... Bush et al have done everything in
their power to make the oil industry rich. Remember his big speech
about how we were going to convert to hydrogen? What happened? Of
course hydrogen was and is stupid. It is hardly a source of energy
since it takes much more energy to produce it than what you get out.
Nuclear isn't that attactive since it is more expensive than wind or
solar-thermal.