Budget Surplus Caused the 9/11 Attacks

wwww.yossigestetner.com ^ | 12/10/2010 | Yossi Gestetner

[goods]

Some on the left claim that tax cuts harm economic growth, as we see that GWB cut taxes and the economy went to hell in recent years. In addition, they point out that Bill Clinton had a 1993 tax increase, yet the economy was strong in the following years, which means raising tax helps the economy.

Claiming the above is as honest as me saying that, “Look: We had a few years of record Federal budget surpluses and the 9/11 attack took place right after it. Therefore, the surpluses caused the attacks.” I mean, you cant just take any event that took place leading up to another event and say that the first coused the second.

Now back to Tax Cuts: Wall Mart may have the best prices in town to lure customers, but if one of their locations has nasty staff and water dripping into the store, few people will shop there – regardless the prices. Same goes when you have destructive political/economic policies. They can outrun the potential benefits of low tax rates! This is what happened within a year after the Democrats took control of Congress in early 2007. The economy until then – due to Bush Tax Cuts – was doing just fine, but with a change of policies, the economy tanked.

In addition, when a retailer is on good footing and customers are already shopping often, the owner can raise prices – with a limit – and people will still show up. Same was with Clinton in 1993: He ran for office when the economy was already out of recession. The stock market rebounded and the Unemployment Rate dropped by mid-1992. The economy gained 110,000 jobs on a monthly average in the seven months leading up to his election. So indeed, by the time Clinton decided to raise prices (tax) on his consumers, they were anyway out on the streets buying goods.

As for the correlation between the Surplus and the 9/11 attacks… come to think of it: If Clinton would have been busier fighting terrorism than to slash military and intelligence spending, maybe the attacks – at last – would have been avoided, which makes me think that Surpluses (created in part by the above slashing) indeed – helped- cause the 9/11 attacks…

[RedMDer]

the left claim that tax cuts harm economic growth

It hurts to think like a libtard. Twisting the truth to make it fit any scenario. Keeping lies straight, etc. It is truely a sickness.

[pallis]

Clinton’s budget and his presidency were going to hell in a handbasket until we got the 94 Republican Congress.

[Myrddin]

The recent economy downturn started with the
Democrats gaining control of both houses of
Congress in January 2007. The first round of
economic harm was raising minimum wage.
Freezing domestic energy development was the
next knife in the back. The looming possibility
of Obama’s election hit around July 2008. The
created a standoffish business climate. His
actual election and the parade of leftist horrors
from Congress has been like an anchor around
the neck of a drowning swimmer. The threat of
tax increases in January and Obamacare have
put the brakes on business.

[cripplecreek]

So they must have been “Projected” attacks.

[Vendome]

On paper

[Chode]

[dajeeps]

There never was a “surplus”.

It only looked that way for a few years because of the accounting for the social security taxes, offsetting general liabilites with the baby boomers set to retire in 8 years. At that period in time, the government had $45T in unfunded liabilites coming into this decade and when they have legislated that much spending and kicked the can down the road so far out, there’s just no way it could be any kind of surplus. It was all B.S.