The W
Views: 99894759
Main | FAQ | Search: Y! / G | Calendar | Color chart | Log in for more!
21.10.14 1645
The W - Current Events & Politics - What Would Newt Say?
This thread has 2 referrals leading to it
Register and log in to post!
Pages: 1(1944 newer) Next thread | Previous thread
User
Post (6 total)
spf
Scrapple








Since: 2.1.02
From: The Las Vegas of Canada

Since last post: 9 days
Last activity: 19 hours
AIM:  
#1 Posted on
As I recall the visual of Newt Gingrich holding up his Congressional Voting Card and proclaiming it "the world's biggest credit card." and then sweeping Republicans to victory on the Contract With America, I wonder what happened internally in the GOP to go from wishing to amend the Constitution to forbid budget deficits to now using their control of Congress to end up with the largest budget deficit in US history, some $475 Billion (story.news.yahoo.com)





and maybe I should open up my sensitive side/but really, the sensitive side sucks./I've been there./You can only imagine the kinds of sweaters they make you wear.

blogforamerica.com
Promote this thread!
godking
Chourico








Since: 20.10.02
From: Toronto

Since last post: 3903 days
Last activity: 3849 days
#2 Posted on
What's really impressive is that the $475 billion figure doesn't count the cost of Iraq and Afgahanistan. Count those in, and this year's deficit is well over half a trillion dollars - and, as a percentage of GDP, a point higher than the deficits the United States carried during the 89-93 recession which both parties agreed were untenable.
PalpatineW
Lap cheong








Since: 2.1.02
From: Getting Rowdy

Since last post: 2828 days
Last activity: 2671 days
AIM:  
#3 Posted on | Instant Rating: 9.00
Right on, spf. I know you didn't mean it this way, but I too yearn for the political spirit of Newt Gingrich. Bush is only half a conservative, in my mind. Too much damn spending.



"Georgie Porgie, he might buy the whole league, but he doesn't have enough money to buy fear to put in my heart."
Pedro Martinez
Pool-Boy
Lap cheong








Since: 1.8.02
From: Huntington Beach, CA

Since last post: 1314 days
Last activity: 80 days
AIM:  
ICQ:  
Y!:
#4 Posted on
I gotta concur as well. Spending needs to be cut DRASTICALLY. Cutting taxes is only one part of the puzzle. You have to do both.

I don't understand the inability of politicians on both sides of the aisle to spend responsibily. Like kids in a damned candy store with my money...





Still on the Shelf #16 - Way of the Rat
spf
Scrapple








Since: 2.1.02
From: The Las Vegas of Canada

Since last post: 9 days
Last activity: 19 hours
AIM:  
#5 Posted on
FWIW Palp, I respected Gingrich a hell of a lot more than most of the current lot of folks. I always had the sense he meant what he said, even if I disagreed with it. He struck me as an ideologue, but not as much of a liar. I'll take the former any day of the week, since at least then you know what you're dealing with and can choose whether to support or oppose accordingly.



and maybe I should open up my sensitive side/but really, the sensitive side sucks./I've been there./You can only imagine the kinds of sweaters they make you wear.

blogforamerica.com
Corajudo
Frankfurter








Since: 7.11.02
From: Dallas, TX

Since last post: 104 days
Last activity: 44 min.
#6 Posted on

    Originally posted by godking
    What's really impressive is that the $475 billion figure doesn't count the cost of Iraq and Afgahanistan. Count those in, and this year's deficit is well over half a trillion dollars - and, as a percentage of GDP, a point higher than the deficits the United States carried during the 89-93 recession which both parties agreed were untenable.


Actually, this isn't true. As a percent of GDP, the budget deficits were 4.8, 5.4, 5.5, and 4.6 percent in years 1990-93, respectively compared to the current deficit 0f 4.2 percent (and, in six of the past 20 years, the deficit has been higher--all times in which the economy was recovering from recession). Furthermore, it is a tenet of sound macroeconomic theory to run a deficit during a time of economic weakness (especially when conducting a war at the same time).

Lastly, who really cares what Congress deems as 'untenable' budget deficits. If Congress really felt the deficit was 'untenable' then they would do something about it since they do have *some* degree of power over the budget (it's called revealed preference).
Pages: 1Thread ahead: Creation Science Fair
Next thread: On the Ground in Iraq
Previous thread: What the....?
(1944 newer) Next thread | Previous thread
http://news.yahoo.com/s/ap/20070821/ap_on_go_ca_st_pe/cia_sept11
- StaggerLee, CIA and al Queda (2007)
The W - Current Events & Politics - What Would Newt Say?Register and log in to post!

The W™ message board

ZimBoard
©2001-2014 Brothers Zim

This old hunk of junk rendered your page in 0.107 seconds.