VictoryMC98 Posted September 10, 2011 Share Posted September 10, 2011 Americans started borrowing and spending. Sorry, I wasn't more exact. Consumer debt and wealth shot up. Please explain that for me. Link to comment Share on other sites More sharing options...
southsider2k5 Posted September 10, 2011 Share Posted September 10, 2011 QUOTE (VictoryMC98 @ Sep 9, 2011 -> 08:45 PM) You do realize that Reagan was the first US president that turned the country from a creditor to a debtor, after this fail economy polices..? And what I mean is, we use to be able to lend to other countries, like China is now doing to us. Reagan's "Reaganonmics" stopped all of that. Clinton was given a huge mess from the 12 years of Bush and Reagan.. and was able to end up with a surplus when he was finished. And a BJ as well LOL! I will give you Reagan was a cheerleader, when we needed a leader. Carter told the country, look you can't spend your way to happiness, the country went FU and elected a guy who went.. sure you can. Carter told the truth, and the country, don't want to hear that we are in trouble. Funny that now you advocating exactly that. Link to comment Share on other sites More sharing options...
Jenksismyhero Posted September 10, 2011 Share Posted September 10, 2011 QUOTE (VictoryMC98 @ Sep 9, 2011 -> 08:45 PM) You do realize that Reagan was the first US president that turned the country from a creditor to a debtor, after this fail economy polices..? And what I mean is, we use to be able to lend to other countries, like China is now doing to us. Reagan's "Reaganonmics" stopped all of that. Clinton was given a huge mess from the 12 years of Bush and Reagan.. and was able to end up with a surplus when he was finished. And a BJ as well LOL! I will give you Reagan was a cheerleader, when we needed a leader. Carter told the country, look you can't spend your way to happiness, the country went FU and elected a guy who went.. sure you can. Carter told the truth, and the country, don't want to hear that we are in trouble. And you realize our country was started with massive debt right? Link to comment Share on other sites More sharing options...
VictoryMC98 Posted September 10, 2011 Share Posted September 10, 2011 Funny that now you advocating exactly that. How so? Link to comment Share on other sites More sharing options...
VictoryMC98 Posted September 10, 2011 Share Posted September 10, 2011 And you realize our country was started with massive debt right? What does that have to do with Reagan's failures? Link to comment Share on other sites More sharing options...
Jenksismyhero Posted September 10, 2011 Share Posted September 10, 2011 QUOTE (VictoryMC98 @ Sep 10, 2011 -> 12:36 PM) What does that have to do with Reagan's failures? I'm correcting your ridiculous statement that Reagan was the first to make the US a debtor. That's simply not true. Not sure why you have such a hard-on for dismissing Reagan as a good President, but at least make truthful statements to support your argument. Link to comment Share on other sites More sharing options...
VictoryMC98 Posted September 10, 2011 Share Posted September 10, 2011 I'm correcting your ridiculous statement that Reagan was the first to make the US a debtor. That's simply not true. Not sure why you have such a hard-on for dismissing Reagan as a good President, but at least make truthful statements to support your argument. .. Thanks I need that! Link to comment Share on other sites More sharing options...
Balta1701 Posted September 10, 2011 Share Posted September 10, 2011 Almost as if on cue, one of the interstate highway bridges across the Ohio river from Louisville to indiana has been completely shut down after an inspection found multiple cracks in its structure. 24 hours before this bridge closed, the President cited a bridge between Kentucky and Ohio as in need of repair. Kentucky, of course, is the home state of the Senate Minority Leader. Link to comment Share on other sites More sharing options...
southsider2k5 Posted September 10, 2011 Share Posted September 10, 2011 QUOTE (Balta1701 @ Sep 10, 2011 -> 02:38 PM) Almost as if on cue, one of the interstate highway bridges across the Ohio river from Louisville to indiana has been completely shut down after an inspection found multiple cracks in its structure. 24 hours before this bridge closed, the President cited a bridge between Kentucky and Ohio as in need of repair. Kentucky, of course, is the home state of the Senate Minority Leader. I love the completely irrelevant connection there. Link to comment Share on other sites More sharing options...
VictoryMC98 Posted September 10, 2011 Share Posted September 10, 2011 (edited) [/b] I love the completely irrelevant connection there. Exactly How dare we call out the guy who think Oil tax breaks are more important than America's infrastructure. Edited September 10, 2011 by VictoryMC98 Link to comment Share on other sites More sharing options...
kapkomet Posted September 10, 2011 Share Posted September 10, 2011 How dare we dismiss any credibility at all to someone who says Jimmy Carter was the greatest president ever. Link to comment Share on other sites More sharing options...
Texsox Posted September 11, 2011 Share Posted September 11, 2011 QUOTE (Jenksismyb**** @ Sep 10, 2011 -> 12:14 PM) And you realize our country was started with massive debt right? Would you please elaborate? What are you considering as the start? Link to comment Share on other sites More sharing options...
Balta1701 Posted September 11, 2011 Share Posted September 11, 2011 QUOTE (Tex @ Sep 11, 2011 -> 01:30 PM) Would you please elaborate? What are you considering as the start? Federal debt according to the Treasury dept. Link to comment Share on other sites More sharing options...
Texsox Posted September 11, 2011 Share Posted September 11, 2011 Thank you, just checking. What they needed to do in the face of all that debt was cut taxes to the wealthiest Americans Link to comment Share on other sites More sharing options...
VictoryMC98 Posted September 11, 2011 Share Posted September 11, 2011 Thank you, just checking. What they needed to do in the face of all that debt was cut taxes to the wealthiest Americans Never said the US didn't have Debt.. Link to comment Share on other sites More sharing options...
Texsox Posted September 11, 2011 Share Posted September 11, 2011 QUOTE (VictoryMC98 @ Sep 11, 2011 -> 12:55 PM) Never said the US didn't have Debt.. I was discussing America in the beginning and understanding which debt b**** was talking about. Link to comment Share on other sites More sharing options...
southsider2k5 Posted September 12, 2011 Share Posted September 12, 2011 QUOTE (Tex @ Sep 11, 2011 -> 12:41 PM) Thank you, just checking. What they needed to do in the face of all that debt was cut taxes to the wealthiest Americans They didn't have a federal income tax until the 20th century. Link to comment Share on other sites More sharing options...
Texsox Posted September 12, 2011 Share Posted September 12, 2011 QUOTE (southsider2k5 @ Sep 11, 2011 -> 07:22 PM) They didn't have a federal income tax until the 20th century. And see how well that worked. Originally, under the Articles of Confederation, the government wasn't allowed to collect taxes at all. It was strictly a local matter. Link to comment Share on other sites More sharing options...
VictoryMC98 Posted September 12, 2011 Share Posted September 12, 2011 And see how well that worked. Originally, under the Articles of Confederation, the government wasn't allowed to collect taxes at all. It was strictly a local matter. Someone should point that out to the Tea Party. Link to comment Share on other sites More sharing options...
southsider2k5 Posted September 12, 2011 Share Posted September 12, 2011 QUOTE (VictoryMC98 @ Sep 11, 2011 -> 08:57 PM) Someone should point that out to the Tea Party. I think if you gave them the choice between getting rid of the system and taxes we have now, and going forward the way we are, they would choose to eliminate most taxes and shutter most of the government. Link to comment Share on other sites More sharing options...
Jenksismyhero Posted September 12, 2011 Share Posted September 12, 2011 QUOTE (VictoryMC98 @ Sep 11, 2011 -> 12:55 PM) Never said the US didn't have Debt.. Then explain how Reagan was the first President to turn the US into a debtor. Link to comment Share on other sites More sharing options...
StrangeSox Posted September 12, 2011 Share Posted September 12, 2011 You could say he was the first modern President to do so. Link to comment Share on other sites More sharing options...
Balta1701 Posted September 12, 2011 Share Posted September 12, 2011 QUOTE (StrangeSox @ Sep 12, 2011 -> 10:24 AM) You could say he was the first modern President to do so. You can quibble with this a little, there were some Vietnam-era deficits run, but "Consistently, every year increasing deficit as a fraction of GDP" turns right at 1981. (Note, 2nd graph was pre economic collapse, so the last couple yeras do not appear). Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted September 12, 2011 Share Posted September 12, 2011 QUOTE (Balta1701 @ Sep 12, 2011 -> 09:29 AM) You can quibble with this a little, there were some Vietnam-era deficits run, but "Consistently, every year increasing deficit as a fraction of GDP" turns right at 1981. (Note, 2nd graph was pre economic collapse, so the last couple yeras do not appear). That is one of the things that irritates me about some of the conservatives currently, who want to blame the deficits and debt as being a new thing under Obama, or that it is a liberal policy problem. Reagan (and the Congress he worked with) was the first modern Prez to take us heavily into consistent deficits, and Bush II (2000-2008, mostly with GOP majorities in Congress) was the Presidency that was most solely responsible for the current deficit producers. Then there are the things that are not even really under Presidential or effective Congressional control, like SS and Medicare. Obama's stimulus money pales in comparison. Link to comment Share on other sites More sharing options...
StrangeSox Posted September 12, 2011 Share Posted September 12, 2011 The GOP is completely dishonest and rails against policies it pushed for for decades simply because there's a Democrat in the WH?! Say it isn't so! What's sad is that it largely works. Link to comment Share on other sites More sharing options...
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