Posted on 08/11/2010 1:03:09 PM PDT by Recovering_Democrat
Just because he worked for Ronald Reagan doesn’t mean he’s not unfriendly toward Republican principles.
Three words....SANDRA DAY O’CONNOR!
Tax cuts combined with deficit spending bring in more revenues (and create bubbles), but the deficit climbs and and the interest accrues until it can no longer be sustained.
Given the weak and wobbly Republicans in the House, the Dems rolled them too and had effective control over all fiscal policy since mid-2001.
Exhibit B: The administration of President George W. Bush attempted to the GOP Congress to reform Fannie and Freddie in 2004. Bwaney Frank, Maxine Waters, Gregory Meeks, Christopher Dodd, et. al. PREVENTED THE NECESSARY REFORMS.
Irrelevant cadaver alert.
I know he's not a math major but 2010 - 40 = what?
old trick of the left.
pretend to be a republican and then denounce them
pretend to be a republican and then put down GOP ideas and say they are too radical now.
pretend to be a republican and then when asked by a media outlet about the GOP say they have become too radical and you will vote for the Dems for the first time in your life.
Did the tactic to a bunch of left wing kooks last weekend and said I could never support the Dem party any more as has turned socialist .
The looks on their faces was priceless
Effing rat faced little putz bastard...still
You know not one of them voted for PORKULUS? Give some credit to the House Republicans. They stood their ground on most things.
Bottom line is that we spend money we don’t have - it is silly to pin that on one party.
The problem is not the left puppet or the right puppet. Problem is the man behind the curtain.
Who loves debt?
Democrats? Republicans? State Governmemnt? Federal Government? Foreign Governments? Consumers? Average American?
Who doesn’t let us live within our means? Who forces wars which can be avoided? Who finances infinite wars? Who steals from Government? How do Trillions get un-accounted for, simply stolen? Who can steal trillions and hide it from Government? Who plots and plans to separate Average American from their wealth? Who doesn’t like wealth accumulation, albeit small in comparison, by average American?
Who is hell bent determined to impose a new gynormous Carbon Tax? How would we pay for it? Is anything going to be cut to pay for it? Why are Bankers taking postions so they can trade carbon credits? How do carbon credits prevent pollution?
Name ALL the entities in the world that BENEFIT from DEBT?
You would only come up with one.
RINO=Collaborator
No one talks about the offsets by the local and state governments when the ‘tax cuts’ were enacted. The tax liability increased on the rich while the bottom quintile actually profited by about 7.5%.
Let’s end the tax cuts for ALL but also end the ‘other’ fees and taxes at the same time. Does anyone actually believe the ‘rich’ will stand still for the 60%+ coming soon?
(’Hauser’s Law’ in force no matter what the rates are!)
Probably friends with Souter. Reagans biggest mistake.
When the GOP played along with the Jacobin themes of the Democrats — yes. Stockman’s right.
The truth is that deficits did soar under Reagan. It is also true that some of the reason, though by no means all, was military spending.
Reagan's party controlled one house of congress (the U.S. Senate) for a mere two years during his eight years in office, and only by the narrowest of margins.
Yes, there were more patriotic Democrats in office then who could occasionally be persuaded to do the right thing, but there were also more RINO Republicans.
Reagan's main purpose for increasing military spending was to defeat the Evil Empire. He let a lot of unrelated deficit spending go unchecked as part of the political price he felt he had to pay to achieve his main purpose, which he did before he was out of office for one year.
Stockman ought to compare the cost of such deficits with the costs of a shooting war.
The United States reaped a substantial peace dividend from Reagan's decision to confront the Soviet Union, a divided which was wholly p*ssed away by the Bush/Clinton/Bush administration's increases in entitlement spending.
I won't detail all those entitlements here, but they were a lot more than sinking money into rebuilding two, largely ungrateful Muslim countries.
And still, the accumulated deficits of all these administrations plus all the previous administrations were eclipsed by Obama's administration deficit spending requests approved by his rubberstamp congress in just his first 18 months! If Stockman thinks that key detail is irrelevant, then he's smoking something which is illegal.
I've also got to wonder about the particular timing of his hit piece. Is he not getting enough invitations for the Washington Cocktail Circuit to massage his ego?
Gee, don’t you have anything from Howard Dean? Or Colin Powell? Or David Brock?
Souter was a Bush 41 appointee (recommended by John Sununu).
Anthony Kennedy was appointed by the Gipper (after Bork got borked).
Was Bush a Big Government Republican, damn right he was.
Remember Stockman is yelling at the Republicans for not cutting spending while they cut taxes. Fair point. Christie is cutting spending, and you have to have a revolution to do this. It is the hard decision and we need to do it. While the Democrats are in power - it will be harder and harder, a greater percentage of individuals not paying income taxes, now health care is a right rather than a cost of living, and we are living in a growing orgy of entitlements that will be difficult to shut down.
Unemployment benefits are extended and people have stopped looking for work while this cash still comes in.
Many blue states are walking bankruptcies, pensions are out of control, businesses are fleeing these states - Michigan, California, NY, NJ, take a bow.
I was disgusted at Stockman’s little class warfare game - that’s the moron model - blame the rich for making it. Yeah - blame the people who create the jobs. It scares me because that attack means he doesn’t understand where the jobs come from? Who builds America? The risk takers, the businesspeople who put everything on the line.
I agree with your point (not too popular here) on giving credit where credit is due to the House GOP as to their recent behavior. Here, I’m speaking mostly to the period 2001 - 2007 when they had the majority and did nothing with it.
Don’t expect much more than shoot the messenger.
Policies that result in China financing America is the bottom line of economic failure.
Good. That figures. He must of been a mole.
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