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Originally Posted by Ustwo
Actually I agree with this, it is what is creating his popularity, and optimism is great. Shame is going to be served with a shit sandwich of new taxes and a side of class warfare.
As for the fainting though, I'd attribute that more to whatever makes some people swoon so easy, be it the beetles, elvis, or apparently obama.
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We experienced a federal debt increase of $399 billion in the last full year of the Bush '41 presidency:
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
http://www.treasurydirect.gov/govt/r...ebt_histo4.htm
A program of modest tax increases, by historical comparison, aimed to tax the highest incomes disproportionally, beginning in 1993, resulted in, even with the loss of the stimulative effect to the economy of a prior era of large annual federal debt increases, a dramatic change by the last full year of the Clinton prsidency; a decline in the annual federal debt increase, from $399 billion, just 8 years earlier, to just $18 billion:
09/30/2000 $5,674,178,209,886.86
09/30/1999 $5,656,270,901,615.43
http://www.treasurydirect.gov/govt/r...t/histdebt.htm
In the last full year of the Bush '43 presidency, just 8 years after the US experienced an annual federal debt increase of $18 billion, and after a period marked by tax decreases disproportionally favoring the wealthiest and those with highest incomes, as well as two "rounds" of tax rebate economic stimulation campaigns (as if the stimulative effect to the economy of increasing annual federal debt, so dramatically, needed or could be further enhanced by such rebate checks.....) the annual federal debt increase in fiscal year 2008 <h3>will be $700 billion:</h3>
02/20/2008 $9,294,461,192,747.05
09/30/2007 $9,007,653,372,262.48
http://www.treasurydirect.gov/NP/BPD...application=np
You post as if you are so certain that you have a clear understanding of what it is you object to, in the proposals advanced by the democrats, so
I've read and reread your post, and I cannot figure out, considering recent fiscal history and tax policy in the US, what the fuck you are talking about.
The record demonstrates that the policies you support continuance of have been a fiscal disaster for the country, or are the numbers I've posted not indicative of a disaster, a destructive monumental reversal of the sound taxation and spending policies of the last administration, wedged in between the destructive imbalances of 19 years of Reagan/Bush/Bush debt increases?