Republican Tax Cuts For The Rich And The Debt Crisis

that's the 100,000 dollar question. I recall reading a study that said colleges played the game that they took into account what the average student paid years ago, added inflation and THEN ADDED all the grants and loans and kept the actual costs similar. I found that hard to believe.

 

I have found that college wokeness means less tolerance of any view that isn't woke progressive bullshit. The Yale I attended was the formative environment of the Federalist Society-4 of the five members were all residents of the same residential college I was in (Morse) with Steven Calabresi and Lee Liberman (Otis) being class of 79 (both IIRC graduated a term later), David McIntosh (congressman from Indiana, unsuccessful GOP candidate for Governor) 80, and Peter Keisler (acting AG among other things) 81. So even though I believe there was mainly a leftist environment, the conservatives and libertarians had plenty of support. My two nieces are recent graduates,-it is no longer the case. It is oppressively woke

 

Or the elder generation's views are oppressively out of date.

That is often the case when some become the grandparent age.
To far removed from the new and it's not the same as when they were kids. I heard often it's not the same as it used to be. Nor should it be.
The only constant in life is change.

 

Suggesting you may still be sane.

The West Coast is the Best Coast. Spend some of the winter in Palm Springs and live the rest of the year from San Diego through North of San Francisco.

If you aren't nurtured as an infant, you're screwed for life. We're damaging people by having them live in poverty as children.

Yes, and the Church is well on its way out in Catholic countries like France. Even very Catholic Ireland legalized abortion. I guess rightwingers in this country have chosen abortion as the hill they want to die on.

 

The West Coast USED TO BE THE BEST COAST... the weather can't be beat. But when taxes went crazy, gun control went radical, China Virus Tyranny ran wild, and all the other leftist stuff took over, it stopped being that.
I agree that nurturing early in life is essential. But its just ONE of the components that lead to a happy, healthy, fruitful life.
You are free to choose how to worship, or not worship, as you please. All Americans are.
Now that you see indications that I am sane... can you show us some indications that YOU are?

 

I have found that certain private, religious colleges tend to be more intolerant than most public or even secular private universities. Examples will be Liberty University where they literally have people follow you to see if you violate any of the rules. If you do, you get demerits. Get enough demerits, you are literally kicked out. Same with Oral Roberts University, Regents University, and a few others.

For Yale Law School, it has the prestige in which you get a quality education., You literally pay for that privilege. If you graduate, pass the bar, you can be almost assured of having a junior partnership at any major law firm within five years, and a guaranteed salary in the six-figure range. But any college, graduate or undergraduate, is what you make of it and the opportunities therin. And that is what Yale Law School is about.

The Federalist Society is no longer Federalist by nature. Instead of being a Constitutional, legal organization, it has transformed into a political one attempting to use law as the basis for their conservative arguments. Even they have argued for homicides to any physician or mother who had an abortion or even performed a miscarriage.

 

Find a calendar. FDR was elected almost a hundred years ago. He was born 16 years after the Civil War.

And rather than such 'concern' over ancient US history, shouldn't you be a little more concerned about your own country?

HEY, IT’S GERMANY — WHAT’S THE WORST THAT COULD HAPPEN? German Government Collapses at a Perilous Time for Europe.

 

ALL THE CENSORSHIP AND ELECTION INTERFERENCE AND LAWFARE HAS BEEN DRIVEN DRIVEN BY THE RULING CLASS’S FEAR THAT VOTERS WILL FIGURE OUT WHAT’S BEEN DONE TO THEM: Hilarious: DC Anti-DOGE Residents Find Out How Their Money Is Actually Being Spent.

Here are some ways to reduce the budget deficit, educate folks on how badly the Regime is screwing us, which is why everything is so expensive.

'government spending $750,000 to determine whether it was "one small step for man" or "one small step for a man" in regard to the moon landing. What the heck? As the D.C. resident said, not just why would you do that, but how could you spend that much money on that question?'

'Then there was $1 million to study if cocaine makes quail more promiscuous. Exactly why would you be studying that?
$100,000 to determine if tequila or gin makes sunfish more aggressive? "Sunfish? Wow!" he said, amazed at that one.'

 

I simply love how right wingers just cut up quotes then reply to them, lol

 

Well BJ Bill, without a single GOP vote did cut the budget by $400 billion over 5 years. He al;so had 4 surpluses, 3 after vetoing the GOP's $792+ billion tax cut, then Dubya/GOP had control

"Clinton's 1993 budget cuts, which reduced projected red ink by more than $400 billion over five years, sparked a major drop in interest rates that helped boost investment in all the equipment and systems that brought forth the New Age economy of technological innovation and rising productivity."
— Business Week, May 19, 1997

 

I put in the customary (...) if someone wants to read your dicta, they can get it from your post.

Do you have any contemporary topic subject comments, or are you trying to make your fellow poster the topic?

Why the Working Class Rejected Bidenomics

'these voters were certainly angered by Democrats’ leftward turn on issues ranging from crime to gender ideology, they were at least as dismayed by the party’s economic policies. Even beyond the detrimental impact of inflation, nonprofessional Americans saw that the Left’s programs were not taking their concerns into account. Bidenomics was a big-government program, but it aimed to benefit a well-educated elite, not blue-collar workers and those of modest means. These Americans noticed.'

Voters have now connected out of control government spending with soaring prices. That's an important step toward healing.

Maybe you should worry a bit more about Germany than you do US.

German Government Collapses at a Perilous Time for Europe



https://dnyuz.com/2024/12/16/german-government-collapses-at-a-perilous-time-for-europe/

 

AS you quote that you go on a tangent? lol

 

Nope as usual business week is giving clinton credit for what was done by Gingrich and Clinton's Republic forced those reductions on Clinton over the next six years. And please note that word projected. Further note what we got was the Dot.com Bubble which burst in 2000 under the impetus of Clinton Justice department's illicit assault on Microsoft at the behest of big time Clinton donor Sun Micro systems. Note the budget was never cut during all that time instead budget growth was held to less than the rate of economic growth. One reducing the rate of increase in spending year over year is not a cut it is still an increase just a lower levels than what Democrats including Clinton wanted.

 

Gawd you guys and your inability to accept FACTS

"The deficit has come down, and I give the Clinton Administration and President Clinton himself a lot of credit for that. [He] did something about it, fast. And I think we are seeing some benefits."
— Paul Volcker, Federal Reserve Board Chairman (1979-1987), in Audacity, Fall 1994 (SEE THIS DATE???)


"Clinton's 1993 budget cuts, which reduced projected red ink by more than $400 billion over five years, sparked a major drop in interest rates that helped boost investment in all the equipment and systems that brought forth the New Age economy of technological innovation and rising productivity."
— Business Week, May 19, 1997


WHO HAD THE CONGRESS THEN? HINT IT WASN'T THE GOP!!!

One of the reasons Goldman Sachs cites for the "best economy ever" is that "on the policy side, trade, fiscal, and monetary policies have been excellent, working in ways that have facilitated growth without inflation. The Clinton Administration has worked to liberalize trade and has used any revenue windfalls to reduce the federal budget deficit."
— Goldman Sachs, March 1998

"My colleagues and I have been very appreciative of your [President Clinton's] support of the Fed over the years, and your commitment to fiscal discipline has been instrumental in achieving what in a few weeks will be the longest economic expansion in the nation's history."
— Alan Greenspan, Federal Reserve Board Chairman, January 4, 2000, with President Clinton at Chairman Greenspan's re-nomination announcement

The Real Heroes of the 1998 Budget Surplus: Clinton and His Economy


Take President Clinton’s 1993 budget bill—officially known as the Omnibus Budget Reconciliation Act of 1993. OBRA, which mainly raised taxes on wealthy people but also raised the gas tax, extended limits on discretionary spending and cut back on some mandatory spending, was signed into law on August 10, 1993.

Just five months prior, the Congressional Budget Office projected a 1998 deficit of $360 billion. One month after the bill passed, the CBO’s new estimate of the 1998 deficit was down to $200 billion. The CBO explained the dramatic improvement this way: “For the first time in two and one-half years, the deficit projections have taken a decided turn for the better… The reconciliation act deserves most of the credit for the improvement over the long run.” Indeed, of the $160 billion improvement from March to September of that year, CBO directly credited OBRA with $143 billion. In fact, OBRA turns out to have been the single largest contributor to the 1998 surplus.

After OBRA, the second largest contributor to fiscal improvement over the period was the rapidly strengthening economy. As the economy improved, the government began to take in more revenue than expected, since taxpayers were making more money, and had to spend somewhat less than expected, as poverty declined and the demand for social services declined with it. Over the course of the five-year period, CBO assigned a total of $102 billion in fiscal improvement directly to the effects of this kind of broad economic growth.


...Notice that legislation crafted by the GOP-led Congress had no net impact whatsoever on the 1998 balanced budget. But that isn’t quite fair. There were several bills passed by Gingrich’s Congress that did impact the budget projections for 1998. It’s just that—and pay attention to this next part— their combined effect was to increase the deficit that year. Congress passed and Clinton signed a bill to reform the welfare system in late 1996.

That fall, Congress also passed a few other policy changes that had fiscal impacts. All together, these changes spurred CBO to lower its 1998 deficit projection by about $14 billion. The following year Congress passed the so-called “Balanced Budget Act of 1997,” which is the very bill to which Newt Gingrich points when he tries to claim credit for 1998’s surplus. But the facts get in the way of Gingrich’s nice story.

The Balanced Budget Act of 1997 actually increased the deficit for 1998. Indeed the CBO reported that the passage of that bill resulted in a $21 billion deficit increase, which more than offsets any fiscal improvement stemming from the previous year’s legislation. The combined legislative changes passed during the first three years of Speaker Gingrich’s tenure added $5 billion the deficit in 1998.
https://www.americanprogress.org/pr...-1998-budget-surplus-clinton-and-his-economy/

 

Gingrich’s Republican Congress Not Responsible for 1998 Budget Surplus
Gingrich and his Republican Congress had nothing at all to do with balancing the budget in 1998. In fact, the net effect of their efforts was to make the fiscal situation slightly worse.

No, the true heroes of deficit reduction were, first, President Clinton, whose 1993 budget—passed without a single Republican vote—raised taxes on the wealthy and dramatically altered the nation’s fiscal path, and second, a steadily improving economy. Those two factors, and particularly the interaction between them, account for virtually the entire fiscal improvement. Contrary to the Gingrich assertion, legislation passed by the Republican-led Congress of 1995 through 1997 combined to actually worsen the fiscal situation—albeit slightly.
https://www.americanprogress.org/ar...ress-not-responsible-for-1998-budget-surplus/

 

Yes the deficit came down year over year, and spending went up every years. But the amount of the increase was kept to less than the amount of increase in revenue. It is per usual you who are fact averse. And volker's assessment of one year of course has nothing to do with all six.

 

The raise was less than three percent from its current 35 the actual income from that as opposed to the pie in the sky projections was scarcely noticeable.

 

Gawd right wingers ALWAYS wrong


Hint Poppy Bush top rate was increased from 28% to 31% and the nutters went CRAZY

BJ Bill set a new rate of 35% AND took the top rate from 31% to 39.6%, that's a pretty good clip right? Not 3% right?

ONCE MORE CBO SAYS

Congressional Budget Office projected a 1998 deficit of $360 billion. One month after the bill passed, the CBO’s new estimate of the 1998 deficit was down to $200 billion. The CBO explained the dramatic improvement this way: “For the first time in two and one-half years, the deficit projections have taken a decided turn for the better… The reconciliation act deserves most of the credit for the improvement over the long run.” Indeed, of the $160 billion improvement from March to September of that year, CBO directly credited OBRA with $143 billion. In fact, OBRA turns out to have been the single largest contributor to the 1998 surplus.

After OBRA, the second largest contributor to fiscal improvement over the period was the rapidly strengthening economy. As the economy improved, the government began to take in more revenue than expected, since taxpayers were making more money, and had to spend somewhat less than expected, as poverty declined and the demand for social services declined with it. Over the course of the five-year period, CBO assigned a total of $102 billion in fiscal improvement directly to the effects of this kind of broad economic growth.


...Notice that legislation crafted by the GOP-led Congress had no net impact whatsoever on the 1998 balanced budget. But that isn’t quite fair. There were several bills passed by Gingrich’s Congress that did impact the budget projections for 1998. It’s just that—and pay attention to this next part— their combined effect was to increase the deficit that year. Congress passed and Clinton signed a bill to reform the welfare system in late 1996.

That fall, Congress also passed a few other policy changes that had fiscal impacts. All together, these changes spurred CBO to lower its 1998 deficit projection by about $14 billion. The following year Congress passed the so-called “Balanced Budget Act of 1997,” which is the very bill to which Newt Gingrich points when he tries to claim credit for 1998’s surplus. But the facts get in the way of Gingrich’s nice story.

The Balanced Budget Act of 1997 actually increased the deficit for 1998. Indeed the CBO reported that the passage of that bill resulted in a $21 billion deficit increase, which more than offsets any fiscal improvement stemming from the previous year’s legislation. The combined legislative changes passed during the first three years of Speaker Gingrich’s tenure added $5 billion the deficit in 1998.
https://www.americanprogress.org/pr...-1998-budget-surplus-clinton-and-his-economy/

 

Poppy had it at 31%. BJ Bill LEFT the 31% created a 35% AND 39.6% rate. 8.6% higher (almost a 30% increase)


Newt/GOP had nothing to do with it

 

ONCE MORE

Take President Clinton’s 1993 budget bill—officially known as the Omnibus Budget Reconciliation Act of 1993. OBRA, which mainly raised taxes on wealthy people but also raised the gas tax, extended limits on discretionary spending and cut back on some mandatory spending, was signed into law on August 10, 1993.


NOT A SINGLE GOPER VOTED FOR IT

https://www.americanprogress.org/pr...-1998-budget-surplus-clinton-and-his-economy/

 

Amd The gas tax of course was a tax on commuting public however they got to work. And again neither tax by itself would have balanced a damn thing had the republicans not held both houses of congress, And the soak the rich tax produced almost no real revenue. And please only about 15% of the budget is discretionary.

 

Got it, YOU have reading comprehension issues or aren't honest, which?


Take President Clinton’s 1993 budget bill—officially known as the Omnibus Budget Reconciliation Act of 1993. OBRA

...The CBO explained the dramatic improvement this way: “For the first time in two and one-half years, the deficit projections have taken a decided turn for the better… The reconciliation act deserves most of the credit for the improvement over the long run.” Indeed, of the $160 billion improvement from March to September of that year, CBO directly credited OBRA with $143 billion. In fact, OBRA turns out to have been the single largest contributor to the 1998 surplus.

After OBRA, the second largest contributor to fiscal improvement over the period was the rapidly strengthening economy.

...Notice that legislation crafted by the GOP-led Congress had no net impact whatsoever on the 1998 balanced budget. But that isn’t quite fair. There were several bills passed by Gingrich’s Congress that did impact the budget projections for 1998. It’s just that—and pay attention to this next part— their combined effect was to increase the deficit that year. Congress passed and Clinton signed a bill to reform the welfare system in late 1996. That fall, Congress also passed a few other policy changes that had fiscal impacts. All together, these changes spurred CBO to lower its 1998 deficit projection by about $14 billion. The following year Congress passed the so-called “Balanced Budget Act of 1997,” which is the very bill to which Newt Gingrich points when he tries to claim credit for 1998’s surplus. But the facts get in the way of Gingrich’s nice story.


The Balanced Budget Act of 1997 actually increased the deficit for 1998. Indeed the CBO reported that the passage of that bill resulted in a $21 billion deficit increase, which more than offsets any fiscal improvement stemming from the previous year’s legislation. The combined legislative changes passed during the first three years of Speaker Gingrich’s tenure added $5 billion the deficit in 1998.

https://www.americanprogress.org/pr...-1998-budget-surplus-clinton-and-his-economy/

 

Old news. Find a calendar. 1993 was a long long long long time ago. Half of the voters, voting today, didn't vote in that election.

Today Americans 'want the government cleaned out and reoriented to its true purpose and not an ever-mushrooming money pit bureaucracy that seeks to control us.'

We're going to improved prosperity and a lot more peace. I heard that Trump might want to get rid of his SALT soak the rich taxes that are in the Trump Tax reforms that he passed first term. I hope he leaves them in and soaks them so more.

 

Got it you thing budgets are not passed by Congress.

 

You mean the1993 DEMOCRATIC budget passed and signed by BJ Bill that NOT ONE REPUBLICON VOTED FOR THAT CBO GAVE CREDIT TOO?