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Great News!!! Federal deficit now lowest in 4 years

Transcend

Transcend

My Nuts Are Flat
Apr 18, 2002
18,040
3
Towing the party line.
N8 said:
Not really... the military was being reduced in size after Regan's defeat of the Soviets...
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Sorry, what? You seem to be confused.

Reagan didn't defeat anything. Gorbachev decided that starving his people in order to afford a nuclear program of that magnitude wasn't a great choice and initiated Perestroika. The economic reforms really went into overdrive in 1986 after Chernobyl and in 1987 when he opened up the free market with the laws on state enterprise.

Unfortunately, his "planning" was a little short sighted, and instead of opening up the free market economy he wanted, it cause the economy to collapse due to the fact that it lacked both a true free market, or any sort of actual central soviet style planning.

Perestrioka inadvertantly lead to the detente, and the end of the cold war.

Reagan didn't do much besides continuing to crank out US Nukes and waste tax payers money with Reaganomics.
 
N8 v2.0

N8 v2.0

Not the sharpest tool in the shed
Oct 18, 2002
11,003
149
The Cleft of Venus
Transcend said:
Sorry, what? You seem to be confused.

Reagan didn't defeat anything. Gorbachev decided that starving his people in order to afford a nuclear program of that magnitude wasn't a great choice and initiated Perestroika. The economic reforms really went into overdrive in 1986 after Chernobyl and in 1987 when he opened up the free market with the laws on state enterprise.

Unfortunately, his "planning" was a little short sighted, and instead of opening up the free market economy he wanted, it cause the economy to collapse due to the fact that it lacked both a true free market, or any sort of actual central soviet style planning.

Perestrioka inadvertantly lead to the detente, and the end of the cold war.

Reagan didn't do much besides continuing to crank out US Nukes and waste tax payers money with Reaganomics.
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LOL @Transgend...

It was the pace of Reagan's military spending that broke the Soviets trying to keep up.

:)
 
N8 v2.0

N8 v2.0

Not the sharpest tool in the shed
Oct 18, 2002
11,003
149
The Cleft of Venus
Ishall repent...

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Reactor

Reactor

Turbo Monkey
Apr 5, 2005
3,976
1
Chandler, AZ, USA
So it's a cause for celibration that Bush has finally lowered his deficit from the record levels he was spending??? That's a borrow and spend republican's glass half full fantasy for sure.

If he can turn a surplus and start repaying the debt he incured he might consider him almost as fiscally responsible as the average high school teenager. He's still worse than any democat in my lifetime.
 
Silver

Silver

find me a tampon
Jul 20, 2002
10,840
1
Orange County, CA
N8 said:
mucho tax dollars are flowing into the Fed's coffers thanks to W's tax cut programs....
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Actually not. I posted this back in the summer, but apparently you have the memory of a late stage Alzheimer's patient:

Strong growth in profits also helps explain the recent surge in individual tax receipts, as capital gains and dividend income has soared. Moreover, tax payments on the profits of small businesses often show up as individual tax receipts. Another possible explanation is America's growing income inequality. In a progressive tax system, where richer people pay a higher average tax-rate, more income going to top earners automatically means higher tax revenue. Elsewhere, the tax cuts may well have swollen the cyclical rise in revenue. The capital-gains tax cut, for instance, may have temporarily boosted revenues as people sold long-held assets.

All told, Mr Bush's tax policy may have played a modest role in boosting a temporary revenue surge. But that is very different from suggesting, as the White House does, that tax cuts were the main cause or that they permanently pay for themselves. Most serious economists have long laughed at the idea that Mr Bush's tax cuts raise revenue. Now, it seems, the president's own boffins agree. Deep in the Mid-Session Review is a claim that the Bush tax cuts could eventually raise the level of GDP by 0.7%, a relatively modest effect, and one that itself depends on the tax cuts being financed by lower spending.

Jul 13th 2006 | WASHINGTON, DC
From The Economist print edition
 
N8 v2.0

N8 v2.0

Not the sharpest tool in the shed
Oct 18, 2002
11,003
149
The Cleft of Venus
Here's what others think...

It's clear that Republicans will be able to force some Democrats to eat crow, at least as far as making permanent [Bush's] tax cuts, since tax receipts are the primary basis for this figure," said American Enterprise Institute's Kevin Hassett, an economist at the conservative think tank.

The boost in tax receipts, according to Tom Blumer, an economist whose Bizzy Blog Web site is a clearinghouse for supply-side ideas, was the direct result of the tax cuts.
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More:
http://www.opinionjournal.com/editorial/feature.html?id=110006973
 
$tinkle

$tinkle

Expert on blowing
Feb 12, 2003
14,591
6
dante said:
ha, opinionjournal.com?? let me see if I can find something from moveon.org, they're about the same level of impartiality.
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lessee: moveon funded/propped up by george soros (not a journalist), opinionjournal within the penumbra of the wall street journal (these people are journalists).

it's been widely said for good reason: "people put their money behind their opinions"

make no mistake, wsj is right leaning, but nyt is left-leaning. this would have been a better contrast.

"leaning" is the key word.
 
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