06-17-2011, 12:19 PM
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RIP Dodger. BEST.CAT.EVER
Industry Role:
Join Date: Dec 2002
Location: NYC Area
Posts: 18,450
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Quote:
Originally Posted by TheDoc
The flaw has nothing to do with who is in power... it has to show bleed over from other administrations. Like Daddy Bush removed a major tax break, so tax revenue dropped while spending kept going up - while it was already going up from Reagan - so Daddy Bush's numbers look twice as bad as they really are.... sound's like something going on today.
Or like under Clinton, the GOP had 100% nothing to do with it, they spent money, a growing amount, both did. The reason it looked so good was we took in more tax revenue from the economic boom - which neither Clinton nor the GOP created.
Under the current admin, once you remove the bleed over spending from Bush that Obama had to dish out because Congress already signed trillions in bailouts... Obama's actual amount he directly created & spent is rater low, and dropping... If he actually ends the war, we'll move into a surplus numbers where tax dollars coming in are higher than money going out.
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Don't forget actually putting the wars on the books.
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