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It would have self corrected, it just would have been painful to go through.
Why do you think I wanted to bitch slap McCain when he "rushed back to DC to help moderate the bailouts?
I think it's scary likely.
Oh ye of little faith in the American Spirit.Explain to me how you self corrected when everyone is wiped out. Explain to me how you self correct when your currency is not worth the paper it's printed on. Explain to me how you self correct when there is no financing available. Essentially, we'd be looking at a financial Marshal plan from Europe and China. God forbid that.
Only if we had weak leaders and a paniced populace that believed we were incapable of forging our own success.In some ways, it would be epic Karma to be forced to take a "Economic Stabilization Plans" that fracked up so many countries from the IMF that we shoved down their throats ourselves.
I misunderstood what you were referring to and offer an apology.This doesn't address what you quoted. When the dollar is no longer used as a currency reserve and as the medium of oil exchange, both highly artificial constructs that interfere with the market principles of actual value, we're going to get the shaft we've prolonged for decades. The dollar's value hasn't been accurate in the market for decades because of artificial constructs in the market. But you don't here the absolute pro-market people saying a thing about removing them for the good of the market. Hypocrites.
It really depends on how well the economy picks up within the next five years and how big a surplus Congress can build to reduce the debt. As I've been saying for years we're going to have to jack up taxes and cut spending to have any hope of getting out of this hole.
A few years at the pre Reagan tax rate of 70% should do the job. :2wave:
You do realize the post Reagan tax period saw MORE revenue then the high tax period before right?
Nah, didn't think so.
Did you know that Reagan did that by tripling the deficit when he run up the largest debt up to that time? Didn’t think so. :2wave:
The important thing is that the Democrat isn't going to win.
Democrats not winning, that should happen in every election.
If you found out that a male governor didn't cook for his kids, would you be up in arms about it? Of course not, it's only women who are terrible parents if they don't cook and clean around the house.
You sure you want to argue that each president is responsible for every penny added to the deficit from the day they take office until the day they leave?
Did you know that Reagan did that by tripling the deficit when he run up the largest debt up to that time? Didn’t think so. :2wave:
You sure you want to argue that each president is responsible for every penny added to the deficit from the day they take office until the day they leave?
Notice this part of my post, (up to that time)
Besides after the August 81 tax cut, taxes were raised from 82-88.Then the national debt went from$700 billion to $3 trillion.Here,s a pretty good read on President Reagan if you want to have a peek into reality instead of the air brushed fable.
"Reagan's Liberal Legacy" by Joshua Green
Bill Clinton: NY-23 Is A Referendum On Obama's Agenda
http://www.nydailynews.com/blogs/dailypolitics/2009/10/bill-clinton-ny-23-is-a-refere.html
Who was in charge of the house and senate and forced the deficit spending...
OH yeah, the Democrats. Nice try though kiddo. Reagan reduced taxes, the government revenues sky rocketed, the dems couldn't spend it fast enough.
Reagan spent on military and reduced taxes... closed loopholes.
Congress didn't do their part and kept spending like drunken sailors... just as they are today, except they've replaced alcohol with crack.
You know, we'd have no problems if it wasn't for decades of government programs pushed by the left. None.
Yet you complain that tax cuts ... to 28% is responsible... for the debts?
MORE CRACK!
How about phasing out all the endless "programs" that are killing this country... like 1000 cuts.
Then we'd be fine.
.
Yeah Congress spent while Reagan slept....hhmm.. I wonder who signed the bills that were passed?
I actually posted an article supporting my claim. Did you have a specific comment?
So if two other like minded liberals agree with you then it becomes fact right?
:rofl Yeah ok....
j-mac
You posted nothing but a taunt (now two). No debate at all.
REAGAN VETOES: 8 HAVE FAILED - The New York TimesYeah Congress spent while Reagan slept....hhmm.. I wonder who signed the bills that were passed?
Oh ye of little faith in the American Spirit.
Only if we had weak leaders and a paniced populace that believed we were incapable of forging our own success.
The dollar become artificial when they removed a hard asset to back it up.
JFK, Reagan and Bush all cut taxes, each saw tax revenues soar. Lesson being, free the markets, free the people, and watch the magic happen.
Cutting spending? HAHAHAHAH... yeah not till Joe American get's over the "I'll vote for whatever politician will bring home the bacon!"
Did you know that Reagan did that by tripling the deficit when he run up the largest debt up to that time? Didn’t think so. :2wave:
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