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

To: Kenneth E. Phillipps who wrote (71787)	9/10/2009 2:28:01 PM
From: Oral Roberts	2 Recommendations Read Replies (1) \| Respond to of 224748

I can"t help it if you can't recognize history. That is funny. Government revenues rose in both cases. Only way to explain the deficit in the face of climbing revenues is even faster climbing spending. Problem now is they are greatly accelerating spending in the face of declining revenues. You ain't seen nothing yet big guy.

To: Kenneth E. Phillipps who wrote (71787)	9/10/2009 2:38:58 PM
From: TimF	1 Recommendation Read Replies (1) \| Respond to of 224748

Huge deficits under Reagan because there was a lack of control on spending. (Not to the extent of Obama, or even Bush, but still a lack of control). Budget surpluses under Clinton because the "peace dividend" (partially the result of Reagan's expensive military build up which helped increase his deficits), combined with the additional spending discipline that Gingrich and friends created, combined with the formation of the tech bubble pushing more tax revenue to the government. I've given you specific hard data. Both specific dollar amounts for the relatively recent years when spending almost doubled in a decade, and also the long term trend. Spending has been out of control to the upside. Absent that factor we could have budget surpluses with much lower taxes.