Quote:
Originally Posted by tony286
God do you ever not talk in right wing talking points.lol Plan on 9 percent being the new normal. Clinton signed Nafta and the jobs started moving, during Bush 50,000 factories were closed, jobs are shipped over seas daily now. But the stock market is strong and the rich are richer . Its fuck the middle class like its always been.I bet you didnt know that before Reagan dropped the tax rate for the rich besides WW2 we didnt have deficits. I read in Business week, the rich are paying the lowest tax rates in history and we have the biggest deficits hmmm I wonder if there is a connection there. Nothing or anyone will bring jobs back unless Americans are going to start working for 30 cents a hour.Its not a tax issue the rich are paying the lowest they have ever paid and I dont see a hiring boom.Also tell me where this $1.79 gas was? Because in atl and gas tends to be cheaper here and it was never close to that price in a long time.
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This is wrong. The public debt has grown every year since the great depression. As a percentage of GDP Reagan took us from 33% to just over 50%...but Reagan resided over the greatest expansion of GDP of any modern president, so his budget shortfalls are hidden to a degree. Clinton still had growing budget deficits but the rate of deficit spending shrank during the majority of his presidency. And actually GW continued this trend until 911. Obama in his 2 years has taken us from 69% to 92.8%. If you dont find this alarming you should.
I know he stood no chance, but I wonder "what if" Ron Paul had been elected what the world would look like today? I hope obama can get things back on course soon.
http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=5&ViewSeries=NO&Java=n o&Request3Place=N&3Place=N&FromView=YES&Freq=Year& FirstYear=1976&LastYear=2011&3Place=N&AllYearsChk= YES&Update=Update&JavaBox=no#Mid
http://www.treasurydirect.gov/govt/r...ebt_histo5.htm