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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (104408)	8/11/2009 4:05:46 PM
From: Broken_Clock	2 Recommendations Read Replies (1) \| Respond to of 110194

I never got a reply EJ. We know the sins of our past Presidents. You're still sucking up Obama Kool-Ade by the gallon. "It doesn't matter if the money you don't have is being spent for lower taxes or park benches. Making up a story that spending money you don't have on lower taxes will magically create more taxes simply made the action even more criminal." ============ To: Elroy Jetson who wrote (104363) 8/9/2009 7:29:00 PM From: Broken_Clock 1 Recommendation of 104420 You're a hoot EJ. You see Reagan's idiocy so clearly but what about the savior? You can't see him obliterating every spending record in history? U.S. Rescue May Reach $23.7 Trillion, Barofsky Says (Update3) By Dawn Kopecki and Catherine Dodge bloomberg.com July 20 (Bloomberg) -- U.S. taxpayers may be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, said Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program. The Treasury’s $700 billion bank-investment program represents a fraction of all federal support to resuscitate the U.S. financial system, including $6.8 trillion in aid offered by the Federal Reserve, Barofsky said in a report released today. “TARP has evolved into a program of unprecedented scope, scale and complexity,” Barofsky said in testimony prepared for a hearing tomorrow before the House Committee on Oversight and Government Reform. Message 25850853

To: Elroy Jetson who wrote (104408)	8/11/2009 7:10:05 PM
From: Hoa Hao	Read Replies (1) \| Respond to of 110194

JFK still had budget deficits. It's just that we were not down the road so far as today. The stimulus at that time had greater effect then it does today. Kennedy had a slogan "Let's get America moving again." and after the election had to cast around to do so. One thing the Dems realized was that military spending got into the economy faster. So they cut taxes and pumped up military spending. Sound familiar?? Reagan was JFK writ large. Kennedy-Johnson Administrations (FY1962-FY1969) During the eight years of the Kennedy and Johnson administrations (FY1962-1969), the budget was in deficit for seven years. The largest deficit was $110.1 billion in FY1968. The only surplus was $13.4 billion in FY1969. The Kennedy-Johnson budgets added $250.9 billion to the national debt and averaged a yearly budget deficit of $31.36 billion. dkosopedia.com BTW, the chart you posted really needs to go back to 1920 if possible.