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mmmm, if "300 billion in tax increases (or tax cut expiration) and 300 billion in spending cuts" is a fiscal cliff in a growing economy, what is a 1.7 trillion dollar (or 1.4 trillion if you want) spending cut in an economy collapsing at -8.9% rate?fiscal abyss?fiscal cliffs of insanity?can you believe that Q4 2008 GDP was -8.9 %, job losses were 2.1 million for Nov 08 to Jan 09 and starting 1/20/2009, one party was screaming to balance the budget by cutting spending. Lucky for America, republicans were only pandering to their base.
"Bush should have raised taxes somewhere, along with government cuts, to pay for the war"but he didnt so why even bother posting that. kram, what I did was compare a previous republican narrative (cut 1.4 trillion in spending to balance the budget in the depths of the worst recession since the depression) to the thread topic of 'fiscal cliff'. how convenient you are not addressing my point. "Despite the fact that all you want to do is argue, I'll give you that one"give me one what? I like to point out the hypocrisy and ignorance of the republicans and their base. Now if 300 billion in tax increases and 300 billion in cuts is a fiscal cliff, what is "cut 1.4 trillion in spending to balance the budget in the depths of the worst recession since the depression"? should I wait up?
"Yet spent nearly a trillion on a failed green energy industry while killing the coal industry.So tell me again, how he is cutting spending?"er uh solar, you are not really following the point. But dont worry, I deal with republicans all the time. What you have to do is read what I post very slowly. You have an emotional need to believe what I post is not true so your brain will trick you. Lets reviewThread topic was about the fiscal cliff. the fiscal cliff is the commonly held belief by literally every economist and politcian that that a combination of tax increases and spending cuts could push the economy into recession. (see Britain's triple dip recession as proof)So I reminded the board that on Jan 20, 2009, republicans became concerned about deficits and started screaming to cut spending to balance the budget. So using the Budget Deficit of 1.4 trillion, (treas dept says 1.9 trillion), what would a 1.4 trillion dollar spending cut do to an economy with -8.9 % GDP. If you want, we could use the projected budget deficit of 1.2 trillion before President Obama took over. what would a 1.2 trillion dollar spending cut do to an economy with -8.9 % GDP.
Verne doesn't understand that every dollar the government spends is a dollar taken of of the private sector.
They call it a "supposed" fiscal cliff, because according to king Obama, if we eliminate the debt ceiling and give him unlimited spending power, there will be no more cliff, and everybody will live happily ever after.
ah the silly little pubs with their silly litte deflections. I asked a straightforward question. If you cant answer why bother posting? Ah but the silly little pubs cant help themselves, they have to say something anything to the clever Vern. He thinks he so smart. again for the brave little pubs, what would a 1.2 trillion dollar spending cut do to an economy with -8.9 % GDP?
"Yet spent nearly a trillion on a failed green energy industry while killing the coal industry.So tell me again, how he is cutting spending?"