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RE: Why the GOP loves loves loves debt. - 7/5/2011 9:10:53 AM

mnottertail

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I agree, this congress is presiding over and is wholly responsible for the largest debt in our nations history.

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RE: Why the GOP loves loves loves debt. - 7/5/2011 9:11:08 AM

DomKen

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quote:

ORIGINAL: servantforuse

The GOP and a majority of voters do not like debt in Wisconsin. We now have a balanced budget for the first time in 2 decades. The world did not come to an end and the sky didn't fall when Scott Walked signed the budget bill 2 weeks ago.

Walker loves the states deficit. He intentionally made it worse by cutting revenue by $140 Million. He then used the deficit, the one he made worse, as the excuse to cut education funding, health care for the poor and to take away people's rights.

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RE: Why the GOP loves loves loves debt. - 7/5/2011 9:13:57 AM

servantforuse

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He did what no one else has the stones to do. He made the tough choices necessary to balance the budget. The federal govt. should be willing to do the same thing.

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RE: Why the GOP loves loves loves debt. - 7/5/2011 9:14:05 AM

Moonhead

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quote:

ORIGINAL: willbeurdaddy

quote:

ORIGINAL: imperatrixx

It's actually true, especially in recent years. This shows a nifty little chart of debt as percentage of GDP since 1945:

http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms

Under all but one Democrat (Obama), percentage went down. It went up in all but 2 of the Republicans listed - Eisenhower and Nixon's first term.

Seriously it's like a roller coaster. Red goes up, blue goes down, red goes up, blue goes down.

ETA - I actually think it's interesting that people are riding on Obama for national debt. His percentage change (9%) is less than both of Reagan's terms (11.3 and 9.3%), Bush I (13%) and Bush II's second term (20.7%, more than twice Obama's) - compared to recent GOP Presidents, Obama's change in the debt is below average.

Why dont you look at it based on where the majority in Congress lies...you know..the ones that actually set the budget? Oh, because it doesnt suit your agenda.

More Republicans.
I mean, you did spend the whole of last year braying about how the GOP was going to take back the country in November, didn't you?

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RE: Why the GOP loves loves loves debt. - 7/5/2011 9:28:28 AM

DomKen

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quote:

ORIGINAL: servantforuse

He did what no one else has the stones to do. He made the tough choices necessary to balance the budget. The federal govt. should be willing to do the same thing.

The tough choices? To cut funding for public school kids and poor people's health care while giving $140 million in tax cuts to his supporters? The tough choice, for him apparently, would have been to govern responsibly and fr the benefit of all the people of Wisconsin not just those who paid for his campaign.

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RE: Why the GOP loves loves loves debt. - 7/5/2011 9:37:42 AM

servantforuse

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The cuts to school funding will be a wash with the millions saved when teachers begin to pay a portion of their health care costs and contribute a modest amount to their own pensions. The 140 million you mention will be for tax breaks for companies who can now afford to hire more people. Poor peoples health care has not been cut. Just a liberal talking point on that one.

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RE: Why the GOP loves loves loves debt. - 7/5/2011 9:37:54 AM

Moonhead

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That's a suicidal choice for a career politician in your country, not merely a tough one.

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RE: Why the GOP loves loves loves debt. - 7/5/2011 9:59:42 AM

Musicmystery

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quote:

Why the GOP loves loves loves debt.

Things cost money. Many of these things are important. Cutting taxes doesn't pay for them.

That leaves borrowing.

Not rocket science.

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RE: Why the GOP loves loves loves debt. - 7/5/2011 10:35:24 AM

MrRodgers

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There are those who will tell you that capitalism for the bast majority of society...is debt. Those people would be correct. Think about this as govt. spending/debt is only a smaller example. How is it that for about 90-95 out of say the last 100 years, there had been ever increasing profits in general.

The economy doesn't guarantee any worker a living or any owner a profit but to the extent there have been...there is now literally $trillions in profits along side $trillions of debt. Doesn't that peak your curiosity ?

Capitalism...is debt. That's the only way all of those 'profits' are possible and why the economy normally does well with low interest rates. We live in a cost-of-capital, i.e. debt, sensitive economy. Why ? Inflation, speculation and the exportation of labor.

First we were good, no-shit. Rent and car combined...less than a week's pay. That's right. Now though...a month's pay. Way back, we were in fact much richer or had much less debt or both. (fewer hours labor to buy the same thing)

So to continue to provide profits at ever increasing prices since the great depression, society has had to...take on debt. The GOP loves debt because first, it's a profit center and western civilization will always be in ever increasing debt...as a result.

I've been asked how it is we've 'progressed' so far ? The accumulation of an estimated public/private debt of some $55 trillion.

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RE: Why the GOP loves loves loves debt. - 7/5/2011 10:47:47 AM

MrRodgers

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quote:

ORIGINAL: servantforuse

He did what no one else has the stones to do. He made the tough choices necessary to balance the budget. The federal govt. should be willing to do the same thing.

Tough choices ? Yea, I agree, real tough. I am a big time CEO and get to see my stock bonuses go up in value because the stock goes up because it was such a tough choice to lay off 15,000 people. Now see why I am a captain of industry.

Japanese CEO's resign when faced with layoffs. I guess they have some skewed values because I don't see such massive layoffs there or in Europe either and of course much less unemployment.

IBM celebrated a recent record or near record quarterly profit of over $3 billion, by laying off 8,000. Yea, some choices are so 'tough' !

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RE: Why the GOP loves loves loves debt. - 7/5/2011 10:53:50 AM

farglebargle

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quote:

ORIGINAL: ArizonaBossMan

Yes, you do have to starve the beast of government. ALl it does is grow. Take the money away and let the programs die. These programs merely make people more dependent on others... which is what demo-tards want. "vote for da donkey" mantra.

Agreed. Bring all the troops home today and stop giving our tax dollars to GE, Westinghouse, Boeing, LockMart, etc...

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RE: Why the GOP loves loves loves debt. - 7/5/2011 11:50:40 AM

DomKen

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quote:

ORIGINAL: servantforuse

The cuts to school funding will be a wash with the millions saved when teachers begin to pay a portion of their health care costs and contribute a modest amount to their own pensions. The 140 million you mention will be for tax breaks for companies who can now afford to hire more people. Poor peoples health care has not been cut. Just a liberal talking point on that one.

Hmmm. Who should I believe? The actual budget or you?
http://www.greenbaypressgazette.com/article/20110701/GPG0101/110630169&located=rss
$500 million cut from Medicaid
$800 million cut from public education (there were a little over 100,000 teahcers and staff in Wisconsins public schools at the start of the 2010 school year so 800 million in cuts = $8000 per teacher which is a whole lot more than what the teachers will now be contributing to their pensions and HI.)

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