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Sixgun_Symphony · **Republicans pass middle class tax cut -** 05-23-03

Over the objections of greedy Democrats, the Republican Senate, aided by VP Cheney's tie breaking vote, passed tax relief for working Americans. Zell Miller proved to be the only honorable Democrat yet again, with Olympia Snow, Lincoln Chaffee, and John McCain siding with the socialists.

With the passage of the bill, Bush has guaranteed the economic future of America for our children for the next decade.

Qoji · 06-02-03

What about the decade after that?

GoddessOfDeath · 06-08-03

Greedy democrats? Bush's answer to everything seems to be passing tax cuts.

thefinalw0rd · 06-09-03

That or going to war...

The "middle class" refers to the quality of the tax cut rather than the people it will affect the most positively, you'd be correct.

We really need a flat tax. Then, no matter what, everyone would be contributing the same, percentage wise, to the government. Its fair and just.

Corporate Pig · *Last edited by Corporate Pig : 06-10-03 at 09:45.*

Quote:

Originally posted by Sixgun_Symphony
With the passage of the bill, Bush has guaranteed the economic future of America for our children for the next decade.

Intesting thing this...
"...Guaranteed the economic future of America for our children..."

Isn't the US National debt now at a figure of something like
7 TRILLION DOLLARS !!

so lets see,.. where do the newspaper articles start...;

Quote:

Bush Quietly Raises Debt Limit

The bill he signed Tuesday raises the federal debt limit by nearly $1 trillion. It now stands at just under $7.5 trillion.

The U.S. Bureau of Public Debt says that as of May 23, the debt was exactly $6,460,375,443,807.49. Its figures are updated daily during the week....

Refer: The Boston Channel

Quote:

White House shelved deficit report
Study commissioned by O’Neill sees $44 trillion in red ink

WASHINGTON, May 29 — The Bush administration has shelved a report commissioned by the Treasury that shows the U.S. currently faces a future of chronic federal budget deficits totaling at least $44 trillion in current U.S. dollars....

Refer: MSNBC

Quote:

Tricks end soon to avert default on national debt
Tax shortfall feeds sea of red ink

WASHINGTON - President Bush and Congress are playing fiscal chicken over raising the $6.4 trillion limit on the national debt.

Although the debt ceiling was breached on Feb. 20, the United States has avoided default by tapping into money that was supposed to be invested for federal workers' pensions and using other tactics. But the game ends after Thursday when the Treasury Department runs out of financial tricks.

Those who say the federal government should default for the first time ever to make Washington live within its means miss the point: The debt is money that has already been spent. America's creditors wouldn't take kindly to the United States reneging any more than your creditors would forgive you if you quit paying the mortgage and credit card bills.

Plans call for raising the debt limit to $7.38 trillion, but Bush's budget expects the debt to grow to $9.4 trillion in four years, not even counting the cost of the Iraq war.

Refer: GoMemphis.com

So consider:...
Q: How much is each American's share of the debt?

A: Every man, woman and child has a $22,256 piece of the debt today, according to the National Debt Clock in Manhattan's Times Square.

The clock was unplugged when the United States expected to enjoy $5.6 trillion in surpluses over the decade on Sept. 11, 2000. But terrorist strikes a year later delayed an economic rebound and stepped up anti-terror and defense spending just as the $1.35 trillion, 2001 tax cut kicked in. With government back in deficit, the debt clock was restarted and ticks off the seconds as the national debt increases $1.13 billion a day.

So in my belief, with the way the US National debt stands,- and withit increasing by 1.13 Billion per day,
I would have to say that "Bush has guaranteed the economic future of America for our children"
to be trully fucked up - economically speaking of course.;

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

The current US National Debt is: $ 6,584,403,261,128.87
current at time of posting - 10 June, 2003 1

4

2 PM GMT
Refer: US National Debt clock

thefinalw0rd · 06-10-03

Don't forget that crucial information on that site:

Quote:

The National Debt has continued to increase an average of
$1.39 billion per day since September 30, 2002!

Do the math: That means that it increases by $57 million every hour. Just shy of a million every minute. $16,000 every SECOND. Alarming? I'd think so.

Sixgun_Symphony · 06-10-03

Cut taxes and the economy will grow. Growing economy will bring more revenue.

Government deficiet spending will go down when a GOP congress can cut the fat out of government spending.

thefinalw0rd · 06-11-03

Keep dreaming. It'll kill the country.

Qoji · 06-12-03

Quote:

Originally posted by Sixgun_Symphony
Cut taxes and the economy will grow. Growing economy will bring more revenue.

Growing economy will use more and more resources. Resources are finite, therefore will eventually run out. Doesn't seem like a very good long-term plan.

thefinalw0rd is right, quite literally; it will kill the country.

thefinalw0rd · 06-12-03

If not the world.

Corporate Pig · 06-13-03

Quote:

Originally posted by thefinalw0rd
If not the world.

We have some interesting times ahead of us, to say the least about the economic situation.

The US now has control of the Iraqi Oil fields - which is placed to be the world's 2nd largest reserve. This will help a dying US dollar, as the US administration tries to threaten the position of OPEC, over its adoption of the Euro as its trading currency, replacing the US dollar, since 2000.

But,.. while all this is happening, the ecomonic debt level is increasing out of control. From what I understand, possibly within 18 months (on current trends), organisations such as the IMF and the World Bank, will refuse any additional loans to the US government.

Of course, the US gov't could easily stop finacing the illegal occuption by Israel of Palestinian territory, which only costs US taxpayers approx $3 Billion a Year, and rounding upto a figure of approx $91 billion (and still counting) in Aid from 1949-2000

Quote:

...In addition, there is the more than $1.5 billion in private U.S. funds that go to Israel annually in the form of $1 billion in private tax-deductible donations and $500 million in Israeli bonds. The ability of Americans to make what amounts to tax-deductible contributions to a foreign government, made possible through a number of Jewish charities, does not exist with any other country. Nor do these figures include short- and long-term commercial loans from U.S. banks, which have been as high as $1 billion annually in recent years.

Quote:

Total U.S. aid to Israel is approximately one-third of the American foreign- aid budget, even though Israel comprises just .001 percent of the world's population and already has one of the world's higher per capita incomes. Indeed, Israel's GNP is higher than the combined GNP of Egypt, Lebanon, Syria, Jordan, the West Bank and Gaza. With a per capita income of about $14,000, Israel ranks as the sixteenth wealthiest country in the world; Israelis enjoy a higher per capita income than oil-rich Saudi Arabia and are only slightly less well-off than most Western European countries.

Refer: Washington Report on Middle Eastern Affairs

While puting a stop on "aid" to Israel, wont amount to the 7 Trillion in debt... but it could be a positive step foward.
Though I can see now,.. US Aid to Israel (Approx $3 bill/year)
is stopped, So Bush (if still president) announces another Tax cut for the Rich... estimated to be at $100 Billion a year.

And by the way Sixgun, before you raise the idea...
Simply printing more money dosent work. Nazi germany is a prime example here.

Sixgun_Symphony · 06-16-03

What the this person really means is that we should cut all aid to Israel so that the muslims can destroy the state of Israel.

BTW, You need to get your history straight. It was the Wiemar Republic that was printing money and having problems with hyperinflation. I also wonder at your reference to National SOCIALIST Germany. What I see happening today is that the socialists desire for the Arabs to start a whole new holocaust against the Jewish people.

"Illegal occupation"? There is no authority making it "illegal". BTW, the situation there came about when Arabs lost a war that the Arabs themselves started.

There is no peace in the middle east because the Arabs will not honor any peace agreement. They only get the Israeli doves to negotiate more "land for peace" and then continue with more attacks.
This war won't end until the Arab population is moved east of the Jordan River. Its a natural border and only good fences will make good neighbors there.

Your assesment of the budget deficiet is flawed. The US economy is the largest in the world. IMF? heh, the world comes to US for money.

When we get them socialist DemRats out of congress is when we can then really begin to cut government spending. That is what will take care of the budget deficiet.

thefinalw0rd · 06-17-03

Yeah, and I see a plot by the fascists to kill all of the Arabs.

Your generalizations make me sick. None of the information in the above post seems to have any logical thought or research behind it.