The Real Reason Republican's Are Pushing America Over Cliff
Moderators: Pike Ridge Beagles, Aaron Bartlett
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Re: The Real Reason Republican's Are Pushing America Over Cl
I'll comment on the abortion part of this. There are provisions that include abortions if the pregnancy poses a risk to the mother's life. I can be in total agreement with that. I could also be swayed in the case of a pregnancy resulting from rape. What I cannot agree with are those that made a life changing choice and decide to get an abortion because of it. Depending on whether or not you have religious beliefs and even then what those beliefs are I guess you have to decide when does life really begin. My issue is for those that always want to stand up for the mother's right to choose. But what about the unborn child that is having it's choice taken away and made for it?? How would any of you feel if someone said to you well we think her choice is more important and takes precedence over yours so we're gonna let her choose first and that will decide your fate. See it's easy to dispose of something you can't see because for most it' s out of sight out of mind. People that argue strictly pro choice always amaze me at how much they don't care about the choice of the child like the mother is somehow more important simply because she's not in a womb.
Bunnyblaster
"You can't change the past but you can ruin the present by worrying about the future."
"You can't change the past but you can ruin the present by worrying about the future."
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Re: The Real Reason Republican's Are Pushing America Over Cl
So Newt
You are basing wat you know about Gvernment employee's By ,the very little you know about the Bengazi -crap-where Republican's ,cut funding to the point there were no fund's to keep up security at the embassey .
Please, please tell me exactly where you got this information from??? I am truly curious since everything I ever hear is about how republicans don't want to cut defense spending and that was one of Obama's initial complaints when budget discussions ensued early on in his first term. I'll start looking to see if I can find it for myself but it would be a big help if you could point me in the direction of the source you found this from.
You are basing wat you know about Gvernment employee's By ,the very little you know about the Bengazi -crap-where Republican's ,cut funding to the point there were no fund's to keep up security at the embassey .
Please, please tell me exactly where you got this information from??? I am truly curious since everything I ever hear is about how republicans don't want to cut defense spending and that was one of Obama's initial complaints when budget discussions ensued early on in his first term. I'll start looking to see if I can find it for myself but it would be a big help if you could point me in the direction of the source you found this from.
Bunnyblaster
"You can't change the past but you can ruin the present by worrying about the future."
"You can't change the past but you can ruin the present by worrying about the future."
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Re: The Real Reason Republican's Are Pushing America Over Cl
Chris
I do not support gun control in no form,and ,Democrat's ,will not pass any gun control without Help Republican's ,
The first person, I saw talking gun control afer this latest tragedy was a Republican,
Now ,that said there will be ,a Bill passed to ban ,assualt weapon's and hig capacity Mag's.sometime this year I think.
I don't see much we can do to stop it,I have sent Email's to every one, I know to ask for no ban's,
But ,I do like the bill the President signed so ,I could carry My side arm in National park's.
I do not support gun control in no form,and ,Democrat's ,will not pass any gun control without Help Republican's ,
The first person, I saw talking gun control afer this latest tragedy was a Republican,
Now ,that said there will be ,a Bill passed to ban ,assualt weapon's and hig capacity Mag's.sometime this year I think.
I don't see much we can do to stop it,I have sent Email's to every one, I know to ask for no ban's,
But ,I do like the bill the President signed so ,I could carry My side arm in National park's.
If a man shuts his ears to the cry of the poor, he too will cry out and not be answered
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Re: The Real Reason Republican's Are Pushing America Over Cl
Please
FOX-Terrorist Net Work--Really -!!!!!!!
These People ,in the last few Day's have said Hillary Clinton ,is In the Hospital ,because she is running from testifing on the Bengazi Fiasco .She some how made her self have a blood clot so she would not have to testify.
This same bunch ,also say's ,that the President,of The United States,is not a Citizen.
This same bunch said that the President manlipulated the un-Employment number's ,
Fox-is a never ending Republican fear and smear campaign,Fox ,has created more division and hatred in America ,than any other entity,They have had people on their program ,calling for the assination of doctor's and inciting American's to take up arm's against America's government.
You have to be mentally ill to watch that bunch .
FOX-Terrorist Net Work--Really -!!!!!!!
These People ,in the last few Day's have said Hillary Clinton ,is In the Hospital ,because she is running from testifing on the Bengazi Fiasco .She some how made her self have a blood clot so she would not have to testify.
This same bunch ,also say's ,that the President,of The United States,is not a Citizen.
This same bunch said that the President manlipulated the un-Employment number's ,
Fox-is a never ending Republican fear and smear campaign,Fox ,has created more division and hatred in America ,than any other entity,They have had people on their program ,calling for the assination of doctor's and inciting American's to take up arm's against America's government.
You have to be mentally ill to watch that bunch .
If a man shuts his ears to the cry of the poor, he too will cry out and not be answered
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Re: The Real Reason Republican's Are Pushing America Over Cl
PBS- pine bs, still popping pills and hanging on the computer. You must be one of those lazy bastards lookin for a handout and free stuff like the rest of the Kenyan supporters! Pitiful!
Re: The Real Reason Republican's Are Pushing America Over Cl
PM, Why so angry. Your side is winning.
Rush Limbaugh:
"GOP is running out of principles to compromise on, cave in on, or throw away. We keep hearing how the GOP need to fold on amnesty, immigration, gay marriage, abortion, gun rights, entitlements, taxes, etc. etc. etc. etc. then the GOP can get the democrats where it really matters, spending.
But if the GOP can't hold firm on any of the above core principles, what makes you possibly think they can hold firm and get the Democrats to fold when it comes to the very foundation of the democrat party, high levels of government spending."
You should be happy, the progressives are winning. Soon your grandchildren can marry a pony or one of thos Pine Mountain beagles.
What a country. If it feels good do it. No one works, any one can smoke pot or use any drugs, free health care for the world.
Once the republicans are gone, the conservatives are gone, the rich are gone who is going to run the trains, planes, and clean the streets. No matter, just get high.
Obama and Michelle needed a tax increase to pay for those Hawaii vacations. With all those printed dollars, the price of everything is rising. Its a good thing that air trans portation is free or he would be conficating property.
Now the liberals have begun to blame the Baby Boomer generation for the country's problems. Isn't that you.
They didn't save enought money is the accusation. They spent too much on themselves. Heck their grand children are being asked to pay their way. Once the republican party has been destroyed, one party system,(Communist) he won't need to give free cell phones to buy votes. Won't need to promise old folks SS or Medicare. Won't need unions, the party is their protector.
Rush Limbaugh:
"GOP is running out of principles to compromise on, cave in on, or throw away. We keep hearing how the GOP need to fold on amnesty, immigration, gay marriage, abortion, gun rights, entitlements, taxes, etc. etc. etc. etc. then the GOP can get the democrats where it really matters, spending.
But if the GOP can't hold firm on any of the above core principles, what makes you possibly think they can hold firm and get the Democrats to fold when it comes to the very foundation of the democrat party, high levels of government spending."
You should be happy, the progressives are winning. Soon your grandchildren can marry a pony or one of thos Pine Mountain beagles.
What a country. If it feels good do it. No one works, any one can smoke pot or use any drugs, free health care for the world.
Once the republicans are gone, the conservatives are gone, the rich are gone who is going to run the trains, planes, and clean the streets. No matter, just get high.
Obama and Michelle needed a tax increase to pay for those Hawaii vacations. With all those printed dollars, the price of everything is rising. Its a good thing that air trans portation is free or he would be conficating property.
Now the liberals have begun to blame the Baby Boomer generation for the country's problems. Isn't that you.
They didn't save enought money is the accusation. They spent too much on themselves. Heck their grand children are being asked to pay their way. Once the republican party has been destroyed, one party system,(Communist) he won't need to give free cell phones to buy votes. Won't need to promise old folks SS or Medicare. Won't need unions, the party is their protector.
Re: The Real Reason Republican's Are Pushing America Over Cl
Welcome to PM's World
Days after a sperm donor in Kansas was ordered to pay child support for the baby he helped a lesbian couple conceive, the state agency seeking payments says one of the women may have deceived the department.
In a court filing Wednesday, the Kansas Department for Children and Families questioned the validity of the sperm donor contract between William Marotta and the couple, Jennifer Schreiner and Angela Bauer.
Marotta's lawyer dismissed the state's claims, calling the filing "offensive."
According to The Topeka Capital-Journal, documents show Schreiner did not indicate she knew the name or any other information about the sperm donor in her application for child support.
William Marotta told FoxNews.com earlier this week he might never have agreed to provide sperm to the couple had he known the legal morass that awaited him after responding to the women’s Craigslist ad for a donor in March 2009, and he suggested he might be a victim of bias against same-sex parenting.
“I have a hunch part of the reason this is going this way is because of people’s feelings toward same-sex couples,” Marotta told FoxNews.com.
The 46-year-old machinist said he received notice in late October that he was being targeted by state officials to pay child support after the couple -- who parted ways in 2010 but still co-parent their eight children ranging in age from 3 months to 25 years -- were ordered by DCF officials to provide the sperm donor’s name. State officials argued that if the women did not identify the donor, the agency would deny health benefits due to withheld information.
The state seeks to have Marotta named the child's father so he can be held accountable for a $6,000 payment the state had provided in public assistance, as well as future child support payments.
The state agency claims it has several conflicting donor contracts on file -- including a copy that doesn't have dates or signatures. The contract "may be invalid on its face," the filing suggests.
But Benoit Swinnen, an attorney for Marotta, said to The Tokepa Capital-Journal on Thursday, "the insinuation is offensive, and we are responding vigorously to that. We stand by our story."
Swinnen said his client had never had a personal relationship with the couple.
The court filing argues the sperm donor contract overlooks a "well-established law in this state that a person cannot contract away his or her obligations to support their child," adding that the right for support doesn't belong to the parents, but rather to the child. And only when semen is provided to a licensed physician does a donor have protection from a paternity test.
Schreiner answered a question about who the father is with "no idea -- sperm donor" on an application for child support dated Jan. 5, 2012, The Topeka Capital-Journal notes.
The filing called the applications "very troubling because [Schreiner] clearly deceived DCF on her first application. She knew the name of the respondent because of the purported 'sperm donor contract.'" Adding that it is "implausible to think" Marotta didn't know a licensed physician wasn't performing the procedure when he took the sperm to the couple's house.
Bauer, 40, and Schreiner, 34, had been together for eight years and previously adopted other children when Marotta responded to their ad and later provided sperm used to artificially inseminate Schreiner.
Marotta's attorney said the DCF’s filing failed to address what he identified as gaps in its original petition case -- asking for DNA testing.
A hearing on the matter is expected to be held next week.
Read more: http://www.foxnews.com/us/2013/01/03/wo ... z2GyZcEKYr
Days after a sperm donor in Kansas was ordered to pay child support for the baby he helped a lesbian couple conceive, the state agency seeking payments says one of the women may have deceived the department.
In a court filing Wednesday, the Kansas Department for Children and Families questioned the validity of the sperm donor contract between William Marotta and the couple, Jennifer Schreiner and Angela Bauer.
Marotta's lawyer dismissed the state's claims, calling the filing "offensive."
According to The Topeka Capital-Journal, documents show Schreiner did not indicate she knew the name or any other information about the sperm donor in her application for child support.
William Marotta told FoxNews.com earlier this week he might never have agreed to provide sperm to the couple had he known the legal morass that awaited him after responding to the women’s Craigslist ad for a donor in March 2009, and he suggested he might be a victim of bias against same-sex parenting.
“I have a hunch part of the reason this is going this way is because of people’s feelings toward same-sex couples,” Marotta told FoxNews.com.
The 46-year-old machinist said he received notice in late October that he was being targeted by state officials to pay child support after the couple -- who parted ways in 2010 but still co-parent their eight children ranging in age from 3 months to 25 years -- were ordered by DCF officials to provide the sperm donor’s name. State officials argued that if the women did not identify the donor, the agency would deny health benefits due to withheld information.
The state seeks to have Marotta named the child's father so he can be held accountable for a $6,000 payment the state had provided in public assistance, as well as future child support payments.
The state agency claims it has several conflicting donor contracts on file -- including a copy that doesn't have dates or signatures. The contract "may be invalid on its face," the filing suggests.
But Benoit Swinnen, an attorney for Marotta, said to The Tokepa Capital-Journal on Thursday, "the insinuation is offensive, and we are responding vigorously to that. We stand by our story."
Swinnen said his client had never had a personal relationship with the couple.
The court filing argues the sperm donor contract overlooks a "well-established law in this state that a person cannot contract away his or her obligations to support their child," adding that the right for support doesn't belong to the parents, but rather to the child. And only when semen is provided to a licensed physician does a donor have protection from a paternity test.
Schreiner answered a question about who the father is with "no idea -- sperm donor" on an application for child support dated Jan. 5, 2012, The Topeka Capital-Journal notes.
The filing called the applications "very troubling because [Schreiner] clearly deceived DCF on her first application. She knew the name of the respondent because of the purported 'sperm donor contract.'" Adding that it is "implausible to think" Marotta didn't know a licensed physician wasn't performing the procedure when he took the sperm to the couple's house.
Bauer, 40, and Schreiner, 34, had been together for eight years and previously adopted other children when Marotta responded to their ad and later provided sperm used to artificially inseminate Schreiner.
Marotta's attorney said the DCF’s filing failed to address what he identified as gaps in its original petition case -- asking for DNA testing.
A hearing on the matter is expected to be held next week.
Read more: http://www.foxnews.com/us/2013/01/03/wo ... z2GyZcEKYr
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Re: The Real Reason Republican's Are Pushing America Over Cl
Mr Collin's
You still selling your Pill's, and ,trading Pill's and food stamp's with Prostitute's .You are one sad and bitter individual ,Maybe if you pray harder, to your Billionare God's ,Romney will take you to planet Kolob wth him.
You still selling your Pill's, and ,trading Pill's and food stamp's with Prostitute's .You are one sad and bitter individual ,Maybe if you pray harder, to your Billionare God's ,Romney will take you to planet Kolob wth him.
If a man shuts his ears to the cry of the poor, he too will cry out and not be answered
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Re: The Real Reason Republican's Are Pushing America Over Cl
You guys seriously need to stop!! As I have said before I am not an overly religious man but I basic morals and ethics. The name calling crap doesn't do anything for anyone's intellect or help. We can all just assume that most think pmb is nuts and he thinks the same in reverse so let's all just play nice!!!! 

Bunnyblaster
"You can't change the past but you can ruin the present by worrying about the future."
"You can't change the past but you can ruin the present by worrying about the future."
Re: The Real Reason Republican's Are Pushing America Over Cl
Wrong, PM doesn't think. He regurgitates what some political hack says about a situation. He doesn't answer questions he, like other liberals and party hacks, ignores the question and posts some BS article.Bunnyblaster wrote:You guys seriously need to stop!! As I have said before I am not an overly religious man but I basic morals and ethics. The name calling crap doesn't do anything for anyone's intellect or help. We can all just assume that most think pmb is nuts and he thinks the same in reverse so let's all just play nice!!!!
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Re: The Real Reason Republican's Are Pushing America Over Cl
Just thought this was a good read. I posted the link for those that would like to explore it more but copied the actual article so you can just read that if you want. You can see the charts they mention if you go to the link.
http://online.wsj.com/article/SB1000142 ... 88398.html
President Obama shocked us the other day when he said, "Since I've been president, federal spending has risen at the lowest pace in nearly 60 years." Having heard him champion the "multiplier effects" of deficit-financed stimulus spending, we saw him as an enthusiastic supporter of throwing other people's money at just about any problem.
Thus began our quest to see where we had strayed from the straight and narrow. Here's the picture.
In the chart nearby we've plotted federal government spending on a National Income and Product Accounts (NIPA) basis as a share of total U.S. GDP from 1990 to the present. The NIPA numbers are used here as opposed to appropriations or outlays to capture the actual periods when production occurs. The stories the chart tells are amazing.
Editorial board member Steve Moore details how spending soared under President Obama.
The first is how much government spending fell during President Bill Clinton's eight years in office and how low it was when he left office. When he became president in 1992, government spending was 23.5% of GDP, and when he left in 2001 it was 19.5% of GDP. President Clinton, in conjunction with a solid Republican Congress, cut government spending by more than any other president in modern times, and oversaw one of the greatest periods of economic growth and prosperity in U.S. history.
Sadly for fiscal conservatives, the biggest surge in government spending came during the last two years of President George W. Bush's eight years in office (2007-2008). A weakened Republican president dealing with a strident Democratic Congress, led by then-House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid, resulted in an orgy of spending.
Mr. Bush and Republicans in Congress capitulated to and even promoted each and every government bailout and populist redistribution canard put before them. It's a long list, starting with the 2003 trillion-dollar Medicare prescription drug benefit and culminating with the actions taken to stem the 2008 financial meltdown—the $700 billion Troubled Asset Relief Program, the bailout of insurance giant AIG and government-sponsored lenders Fannie Mae and Freddie Mac, the ill-advised 2008 $600-per-person tax rebate, the stimulus add-ons to 2007's housing and farm bills, etc. The script had it that greedy right-wingers were the cause of our collapse, and deficit spending and easy money the answer.
The numbers are mind boggling. From the second quarter of 2007, i.e., the first full quarter of a Pelosi-Reid dominated Congress and a politically weakened President Bush, to the second quarter of 2009 when President Obama assumed office, government spending skyrocketed to 27.3% of GDP from 21.4%. It was the largest peacetime expansion of government spending in U.S. history.
After taking office in 2009, with spending and debt already at record high levels and the deficit headed to $1 trillion, President Obama proceeded to pass his own $830 billion stimulus, auto bailouts, mortgage relief plans, the Dodd-Frank financial reforms and the $1.7 trillion ObamaCare entitlement (which isn't even accounted for in the chart). While spending did come down in 2010, it wasn't the result of spending cuts but rather because TARP loans began to be repaid, and that cash was counted against spending.
In 2011 and 2012, the pace of spending was slowed when a new emboldened breed of Republicans took back the House promising to end the binge. The House Budget Committee, headed by Wisconsin Rep. Paul Ryan, has identified about $150 billion of new spending Mr. Obama wanted in 2011 and 2012 that Republicans would not approve. As the chart shows, government spending as a share of GDP fell, and taxes were not raised. But to attribute this drop in government spending to the president or congressional Democrats would be dishonest.
Slowing spending and the decision not to raise taxes may have prevented the Great Recession from becoming the next Great Depression. In 1930, the Smoot-Hawley tariff was signed into law by another weak Republican president, Herbert Hoover. Smoot-Hawley was the largest single tax increase on traded products in U.S. history. Not surprisingly, the markets collapsed.
Like President Obama, President Hoover proposed massive tax increases. Unlike Mr. Obama, Hoover was successful. The highest marginal income tax rate jumped to 63% from 24% on Jan. 1, 1932. That November, Hoover lost the election to Franklin D. Roosevelt in a landslide.
As if Hoover's tax increases weren't enough, on Jan. 1, 1936, FDR raised the highest marginal income tax rate to 79% with further rate increases up to 83% coming later. Estate and gift taxes, taxes on retained earnings, state and local taxes were also raised. This is why the Great Depression was the Great Depression—massive deficit spending and tax rate increases.
Today's economy is again decelerating in no small part because on Jan. 1, 2013 we face Taxmageddon—the largest automatic tax increase on investment and businesses in generations, including the end of the Bush tax cuts and the more recent payroll tax cut. According to the Congressional Budget Office, this would drain $607 billion out of the economy next year, pushing us back into recession.
Keynesians, of course, are advising more deficit spending and easy money. But the most amazing feature of the nearby chart, which is rarely ever noted, is that when spending declined sharply the economy boomed under President Clinton, and when spending soared under Presidents Bush and Obama, the economy tanked.
Maybe Keynes was wrong and Milton Friedman was right when he warned that government spending is taxation and that government can't tax an economy into prosperity. Friedman made it clear time and again that restraining government spending stimulates the economy by liberating private resources.
The good news is that the tea party Republicans who took office after the 2010 elections have completely altered the face of the opposition. Legislation to repeal ObamaCare and Dodd-Frank soared through the House, as did Rep. Ryan's proposed plan to curb federal spending and lower tax rates for individuals and businesses.
Next, look for an insurrection of closet Clinton New Democrats against their party's big-government leadership, as may have begun last week when Mr. Clinton and other leading Democrats pronounced that all the Bush tax rates should remain in place for another year.
The right point of focus is not at what pace spending has grown under President Obama but instead how much more he needs to cut spending from its bloated levels to bring the economy back to health. The huge increase in spending as a percentage of GDP under Presidents Bush and Obama is the reason we are experiencing the slowest recovery since the Great Depression. As Milton Friedman understood, an economy cannot spend or tax itself into prosperity.
So after reading this do we assume responsibility lies with our past and current congress or our past and current presidents??? Also after reading this are we to assume that we are headed down the wrong road again since history shows tax increases weaken our economy???.........especially when not only do we not have any spending cuts but we have had an increase in spending. I always like to look back to columns that were put out before things like the "fiscall cliff" vote or the presidential election and again down the road when we see what results from our inept government officials.
Also if you explore some links on the articles site you'll find some more interesting reading. Forbes is one of my favorites as they are a lot like my grandma used to be in they don't care who or what you are they just call it as they see it. PMB, you would be interested in some of the additional links as it gives a good view of Obama's spending vs Bush's and all other previous president's spending based as a percentage...........I found that part very interesting. But bottom line is history shows irresponsible spending is only going to cause our economy to continue down the wrong path. Spending cuts MUST come or we are in for a world of hurt!!!!
http://online.wsj.com/article/SB1000142 ... 88398.html
President Obama shocked us the other day when he said, "Since I've been president, federal spending has risen at the lowest pace in nearly 60 years." Having heard him champion the "multiplier effects" of deficit-financed stimulus spending, we saw him as an enthusiastic supporter of throwing other people's money at just about any problem.
Thus began our quest to see where we had strayed from the straight and narrow. Here's the picture.
In the chart nearby we've plotted federal government spending on a National Income and Product Accounts (NIPA) basis as a share of total U.S. GDP from 1990 to the present. The NIPA numbers are used here as opposed to appropriations or outlays to capture the actual periods when production occurs. The stories the chart tells are amazing.
Editorial board member Steve Moore details how spending soared under President Obama.
The first is how much government spending fell during President Bill Clinton's eight years in office and how low it was when he left office. When he became president in 1992, government spending was 23.5% of GDP, and when he left in 2001 it was 19.5% of GDP. President Clinton, in conjunction with a solid Republican Congress, cut government spending by more than any other president in modern times, and oversaw one of the greatest periods of economic growth and prosperity in U.S. history.
Sadly for fiscal conservatives, the biggest surge in government spending came during the last two years of President George W. Bush's eight years in office (2007-2008). A weakened Republican president dealing with a strident Democratic Congress, led by then-House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid, resulted in an orgy of spending.
Mr. Bush and Republicans in Congress capitulated to and even promoted each and every government bailout and populist redistribution canard put before them. It's a long list, starting with the 2003 trillion-dollar Medicare prescription drug benefit and culminating with the actions taken to stem the 2008 financial meltdown—the $700 billion Troubled Asset Relief Program, the bailout of insurance giant AIG and government-sponsored lenders Fannie Mae and Freddie Mac, the ill-advised 2008 $600-per-person tax rebate, the stimulus add-ons to 2007's housing and farm bills, etc. The script had it that greedy right-wingers were the cause of our collapse, and deficit spending and easy money the answer.
The numbers are mind boggling. From the second quarter of 2007, i.e., the first full quarter of a Pelosi-Reid dominated Congress and a politically weakened President Bush, to the second quarter of 2009 when President Obama assumed office, government spending skyrocketed to 27.3% of GDP from 21.4%. It was the largest peacetime expansion of government spending in U.S. history.
After taking office in 2009, with spending and debt already at record high levels and the deficit headed to $1 trillion, President Obama proceeded to pass his own $830 billion stimulus, auto bailouts, mortgage relief plans, the Dodd-Frank financial reforms and the $1.7 trillion ObamaCare entitlement (which isn't even accounted for in the chart). While spending did come down in 2010, it wasn't the result of spending cuts but rather because TARP loans began to be repaid, and that cash was counted against spending.
In 2011 and 2012, the pace of spending was slowed when a new emboldened breed of Republicans took back the House promising to end the binge. The House Budget Committee, headed by Wisconsin Rep. Paul Ryan, has identified about $150 billion of new spending Mr. Obama wanted in 2011 and 2012 that Republicans would not approve. As the chart shows, government spending as a share of GDP fell, and taxes were not raised. But to attribute this drop in government spending to the president or congressional Democrats would be dishonest.
Slowing spending and the decision not to raise taxes may have prevented the Great Recession from becoming the next Great Depression. In 1930, the Smoot-Hawley tariff was signed into law by another weak Republican president, Herbert Hoover. Smoot-Hawley was the largest single tax increase on traded products in U.S. history. Not surprisingly, the markets collapsed.
Like President Obama, President Hoover proposed massive tax increases. Unlike Mr. Obama, Hoover was successful. The highest marginal income tax rate jumped to 63% from 24% on Jan. 1, 1932. That November, Hoover lost the election to Franklin D. Roosevelt in a landslide.
As if Hoover's tax increases weren't enough, on Jan. 1, 1936, FDR raised the highest marginal income tax rate to 79% with further rate increases up to 83% coming later. Estate and gift taxes, taxes on retained earnings, state and local taxes were also raised. This is why the Great Depression was the Great Depression—massive deficit spending and tax rate increases.
Today's economy is again decelerating in no small part because on Jan. 1, 2013 we face Taxmageddon—the largest automatic tax increase on investment and businesses in generations, including the end of the Bush tax cuts and the more recent payroll tax cut. According to the Congressional Budget Office, this would drain $607 billion out of the economy next year, pushing us back into recession.
Keynesians, of course, are advising more deficit spending and easy money. But the most amazing feature of the nearby chart, which is rarely ever noted, is that when spending declined sharply the economy boomed under President Clinton, and when spending soared under Presidents Bush and Obama, the economy tanked.
Maybe Keynes was wrong and Milton Friedman was right when he warned that government spending is taxation and that government can't tax an economy into prosperity. Friedman made it clear time and again that restraining government spending stimulates the economy by liberating private resources.
The good news is that the tea party Republicans who took office after the 2010 elections have completely altered the face of the opposition. Legislation to repeal ObamaCare and Dodd-Frank soared through the House, as did Rep. Ryan's proposed plan to curb federal spending and lower tax rates for individuals and businesses.
Next, look for an insurrection of closet Clinton New Democrats against their party's big-government leadership, as may have begun last week when Mr. Clinton and other leading Democrats pronounced that all the Bush tax rates should remain in place for another year.
The right point of focus is not at what pace spending has grown under President Obama but instead how much more he needs to cut spending from its bloated levels to bring the economy back to health. The huge increase in spending as a percentage of GDP under Presidents Bush and Obama is the reason we are experiencing the slowest recovery since the Great Depression. As Milton Friedman understood, an economy cannot spend or tax itself into prosperity.
So after reading this do we assume responsibility lies with our past and current congress or our past and current presidents??? Also after reading this are we to assume that we are headed down the wrong road again since history shows tax increases weaken our economy???.........especially when not only do we not have any spending cuts but we have had an increase in spending. I always like to look back to columns that were put out before things like the "fiscall cliff" vote or the presidential election and again down the road when we see what results from our inept government officials.
Also if you explore some links on the articles site you'll find some more interesting reading. Forbes is one of my favorites as they are a lot like my grandma used to be in they don't care who or what you are they just call it as they see it. PMB, you would be interested in some of the additional links as it gives a good view of Obama's spending vs Bush's and all other previous president's spending based as a percentage...........I found that part very interesting. But bottom line is history shows irresponsible spending is only going to cause our economy to continue down the wrong path. Spending cuts MUST come or we are in for a world of hurt!!!!
Bunnyblaster
"You can't change the past but you can ruin the present by worrying about the future."
"You can't change the past but you can ruin the present by worrying about the future."
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Re: The Real Reason Republican's Are Pushing America Over Cl
Sadly for fiscal conservatives, the biggest surge in government spending came during the last two years of President George W. Bush's eight years in office (2007-2008). A weakened Republican president dealing with a strident Democratic Congress, led by then-House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid, resulted in an orgy of spending.
Mr. Bush and Republicans in Congress capitulated to and even promoted each and every government bailout and populist redistribution canard put before them. It's a long list, starting with the 2003 trillion-dollar Medicare prescription drug benefit and culminating with the actions taken to stem the 2008 financial meltdown—the $700 billion Troubled Asset Relief Program, the bailout of insurance giant AIG and government-sponsored lenders Fannie Mae and Freddie Mac, the ill-advised 2008 $600-per-person tax rebate, the stimulus add-ons to 2007's housing and farm bills, etc. The script had it that greedy right-wingers were the cause of our collapse, and deficit spending and easy money the answer.
This is the Problem ----Sadly for fiscal conservatives, the biggest surge in government spending came during the last two years of President George W. Bush's eight years in office (2007-2008).
But ,most of it is not in the post ---You have two War's and a huge prescription drug bill left un-funded ,Not on the book's a huge tax cut ,for the elite ,cutting revenue by trillion,at the same time .
None of this showed up until The President was sworn in office.
the national debt soared, and will continue to raise -very fast-because of these three thing's ,The do nothing Republican Congress ,killing Job's bill's at every turn a dysfunctional Government,Because ,republican's fear a primary challenge from the Tea Part anarchist,all this has combined and here we are with no end in sight .
We can look forward to a higher national debt,worse living condition's,less job's ,higher cost of living.
WHY----Because Republican's, refuse to do what they were elected to do.
Mr. Bush and Republicans in Congress capitulated to and even promoted each and every government bailout and populist redistribution canard put before them. It's a long list, starting with the 2003 trillion-dollar Medicare prescription drug benefit and culminating with the actions taken to stem the 2008 financial meltdown—the $700 billion Troubled Asset Relief Program, the bailout of insurance giant AIG and government-sponsored lenders Fannie Mae and Freddie Mac, the ill-advised 2008 $600-per-person tax rebate, the stimulus add-ons to 2007's housing and farm bills, etc. The script had it that greedy right-wingers were the cause of our collapse, and deficit spending and easy money the answer.
This is the Problem ----Sadly for fiscal conservatives, the biggest surge in government spending came during the last two years of President George W. Bush's eight years in office (2007-2008).
But ,most of it is not in the post ---You have two War's and a huge prescription drug bill left un-funded ,Not on the book's a huge tax cut ,for the elite ,cutting revenue by trillion,at the same time .
None of this showed up until The President was sworn in office.
the national debt soared, and will continue to raise -very fast-because of these three thing's ,The do nothing Republican Congress ,killing Job's bill's at every turn a dysfunctional Government,Because ,republican's fear a primary challenge from the Tea Part anarchist,all this has combined and here we are with no end in sight .
We can look forward to a higher national debt,worse living condition's,less job's ,higher cost of living.
WHY----Because Republican's, refuse to do what they were elected to do.
If a man shuts his ears to the cry of the poor, he too will cry out and not be answered
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Re: The Real Reason Republican's Are Pushing America Over Cl
Yep, BOTH parties need to pull their heads out of their butts and help us out. I am very anxious to see how the spending cuts start to shape up. I did notice there was already talk about tax increases again though even though we still have yet to cut a dime from the budget.
Bunnyblaster
"You can't change the past but you can ruin the present by worrying about the future."
"You can't change the past but you can ruin the present by worrying about the future."