Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Ann Corrigan who wrote (6349)	10/3/2006 1:01:10 AM
From: RMF	Read Replies (1) of 224724

Ann...I don't have to look it up. I'm aware of it, but I'm ALSO aware of a VERY loose monetary policy by the FED since 9/11, which included 50 year lows on interest rates which caused something of an explosion in housing values. Also the Republican controlled government has been pumping about a HALF TRILLION of BORROWED money into the economy over the last 5 years. Look it up.... Also, the dollar is down over 30% in value over the last five years, so those INCREASED revenues are worth LESS internationally than they appear domestically. Look it up.... The economy is expected to move into a recessionary cycle rather soon, so those increased revenues may not last very long. Then we'll still have a weakening dollar and a growing debt, but a rapidly shrinking revenue base.

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