US on track to borrow most money since 2008 financial crisis: report
- Thread starter Guno צְבִי
- Start date
JFK died before any tax cuts were passed. So right away you start off completely wrong.
Secondly, revenue grew from 1964-68 because LBJ increased government spending by 50%
Revenue in 1983 was below 1982.
Revenue from 2001-2004 was below revenue for 2000.
KS repealed their tax cuts in 2017 and saw massive deficits turn into massive surpluses.
Nothing you say is accurate or correct. Not even close. You're utterly wrong about all of it.
Every single political decision you've made in your life has been wrong. Every. Single. One.
WE are the government; the government is us.
And you're not getting to keep more of what you earned from tax cuts. You're getting less and you're going into debt because that's what happened this year and throughout Bush.
Delete your account; kill yourself.
Bullshit excuses.
GDP growth for 2001 was positive, even with the 6-month recession and 9/11...so there was nothing to recover from.
Secondly, 9/11 had no material impact on the nation's economy whatsoever, and you've yet to provide even a shred of evidence it did. You use it as an excuse for four shitty years of poor growth? LOL!
Yeah, because of a housing bubble that was caused by your tax cuts, according to Bush while he campaigned in 2004.
Fucking lying moron:
2001 Recession
The 2001 recession lasted eight months (March-November 2001). It was caused by the Y2K scare in 2000. This created a boom and subsequent bust in dot-com businesses. The 9/11 attack worsened it.
The economy contracted in two quarters: Q1 -1.1 percent and Q3 -1.7 percent. Unemployment reached 5.7 percent during the recession, but rose even further to 6 percent in June 2003. This often happens in recessions, as unemployment is a lagging indicator. Most employers wait until they are sure the economy is back on its feet again before hiring permanent employees.
https://www.thebalance.com/the-history-of-recessions-in-the-united-states-3306011
Fucking lying moron:
The 9/11 attacks worsened the 2001 recession, which had begun in March 2001. The economy had contracted 1.1 percent in the first quarter but had bounced up 2.1 percent in the second quarter. The attacks made the economy contract 1.3 percent in the third quarter, extending the recession. The Y2K scare caused the 2001 recession. It created a boom and subsequent bust in internet businesses.
https://www.thebalance.com/how-the-9-11-attacks-still-affect-the-economy-today-3305536
Thar she blows with bullshit!!
LOL!
Federal revenues were below 1982 levels in 1983.
Federal revenues were below 2000 levels from 2001-2004
Here's the actual budget from Kansas with and without the tax cuts:
No they are not you repugnant moron on steroids; they are the result of SPENDING more than you take in. If you had had more than a remedial grade school education you would know this.
So that brings us back to some facts about you; did you attend college and what is your nationality? Or still too big of a cowardly liar and pussy to say?
That is nothing more than a moronic lie. You really are a disgusting piece of human excrement and a pathological lying dumbfuck.
ROFLMAO You really are a fucking retard. You live on planet moron.
Obama Has Presided Over 5 of 6 Largest Deficits in U.S. History
https://www.cnsnews.com/news/articl...presided-over-5-6-largest-deficits-us-history
YOUR ASSERTION is that raising the MW kills jobs.
That was why I posted that article.
So can you just admit that your original assertion was really a load of horseshit you were repeating because you didn't want to accept new information that undermined it, please?
You're filled with so much stupidity it is hard to figure out how you escaped from your asylum.
What college did you attend and what is your nationality?
NPR and Obama era bullshit snowflake.
What college did you attend and what is your nationality?
I didn't post it to prove that raising it creates jobs...I posted it to prove that your assertion about raising it killing jobs was bullshit.
So what's sad is that even when provided with information that contradicts your long-held conventional wisdom, rather than owning up to the fact that your "conventional wisdom" could actually be wrong, you try to make this about something it's not.
Your assertion was that raising the MW kills jobs, and I provided you with evidence from only 4 years ago across 13 states that shows it doesn't.
Now, an adult would take that new information and say to themselves "you know what? I guess I was wrong, and that I should probably question the "conventional wisdom" that led me to being wrong". But you're not an adult. Instead, you ignore that information and stick to your conventional wisdom -that has already been proven wrong- and dig in your heels only because your ego won't let you own up to being incorrect.
I would have respect for you people if you were capable of admitting you were wrong and changing your thinking. But you don't do that because of whatever bullshit entitlement complex you have.
Grow the fuck up.
LOL!
You trying to redefine the intent of the minimum wage does not suddenly validate the argument that raising it kills jobs.
That is precisely what the study showed. You all tried to de-contextualize it by crying crocodile tears over the drop in low-wage employment while ignoring the corresponding hike in higher-wage employment over the same period.
Just more dishonest bullshit from feces-flinging Conservative monkeys.