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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Ann Corrigan who wrote (6349)	10/1/2006 1:30:56 PM
From: American Spirit	Respond to of 224724

LIAR. Tax revenues go down when taxes are lowered, except once in a blue moon as a fluke. Also Bush has let half the IRS lawyers in charge of investigating super rich tax cheats be let go. So if you're very rich now and a tax cheat you have a much better chance of getting away with it. Bushies have also let industry off the hook for paying billions in royalties to the government for using and abusing our public lands. It's all a huge ripoff draining our treasury into private Bushie pockets. Under Bush, we have greater deficits than all 42 other presidents combined and no plan to pay them off. If Bush gets his way with the tax cuts and spending increases, the total new debt we will acrrue under Bush will be 13 trillion. Bush's war is also totally on the national credit card. All pure debt to places like communist China. Under Bush the dollar has lost about 50% against the Euro and is now almost equal to the Canadian dollar. So we are a poorer nation as our dollars are worth much less.

To: Ann Corrigan who wrote (6349)	10/3/2006 1:01:10 AM
From: RMF	Read Replies (1) \| Respond to 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.