SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: steve harris who wrote (668657)8/22/2012 10:06:43 PM
From: J_F_Shepard  Read Replies (1) | Respond to of 1580458
 
Q: During the Clinton administration was the federal budget balanced? Was the federal deficit erased?

A: Yes to both questions, whether you count Social Security or not.



FULL ANSWER

This chart, based on historical figures from the nonpartisan Congressional Budget Office, shows the total deficit or surplus for each fiscal year from 1990 through 2006. Keep in mind that fiscal years begin Oct. 1, so the first year that can be counted as a Clinton year is fiscal 1994. The appropriations bills for fiscal years 1990 through 1993 were signed by Bill Clinton’s predecessor, George H.W. Bush. Fiscal 2002 is the first for which President George W. Bush signed the appropriations bills, and the first to show the effect of his tax cuts.



The Clinton years showed the effects of a large tax increase that Clinton pushed through in his first year, and that Republicans incorrectly claim is the "largest tax increase in history." It fell almost exclusively on upper-income taxpayers. Clinton’s fiscal 1994 budget also contained some spending restraints. An equally if not more powerful influence was the booming economy and huge gains in the stock markets, the so-called dot-com bubble, which brought in hundreds of millions in unanticipated tax revenue from taxes on capital gains and rising salaries.

factcheck.org



To: steve harris who wrote (668657)8/22/2012 11:14:28 PM
From: joseffy1 Recommendation  Respond to of 1580458
 
Obama’s Nuclear Strike on American Workers

by Daniel Greenfield Aug 21st, 2012
frontpagemag.com




On August 15th, last week, the Obama administration began the implementation of the first mass amnesty for illegal aliens in 25 years. While the 1986 amnesty was at least a lawful act, the 2012 amnesty is an illegal and destructive piece of unilateral legislation from the executive branch.

“You can’t stop this force,” Democratic Senator Richard Durbin warned Republicans and law-abiding Democrats. “They are creating a moral force beyond a legal force.”

In Obama’s hometown of Chicago, over ten thousand illegal aliens lined up for a chance to become full participants in the social welfare and voter fraud machine of urban politics. With as many as 2 million illegal aliens potentially eligible to enter the legal workforce, these lawless lines are only the beginning. The act of filing an application, no matter how fraudulent, prevents deportation which turns Obama’s one-man DREAM Act into a free pass for any illegal immigrant willing to game the system.

The economic impact of Obama’s amnesty is nuclear and its biggest target is the American worker.
Obama is the only occupant of the White House to have ended his term presiding over a nation with fewer jobs than when he took office. Over 4 million jobs vanished under Obama. Now 2 million more may be heading out the door.

The argument for illegal immigration amnesties is that America needs more unskilled workers to do the jobs that Americans won’t do or college graduates to do the jobs that Americans are too stupid to do. But at a time when as many as 30 million people are unemployed and the number of American workers is at its lowest point since the original amnesty, there is no question that we do not suffer from a shortage of skilled or unskilled workers. What we do suffer from is a job shortage.

The ugliest aspect of Obama’s amnesty is that the American workers who are hardest hit will be in the states with the highest unemployment rates. Ground zero for amnesty will also be ground zero for unemployment.

California, which has the nation’s highest population of illegal immigrants, also suffers from the third-worst unemployment rate in the country. Less than half of California’s population holds down a job and illegal immigrants will be entering those sectors of the job market — construction and manufacturing — which are already bleeding jobs.

Nevada has the highest unemployment rate in the country and is one of ten states with six-figure illegal alien populations. New York has the sixth highest unemployment rate and the third largest illegal alien population in the country. New Jersey has the fourth highest unemployment rate and the eight highest illegal alien population. Georgia and North Carolina have the sixth and seventh highest unemployment rates and the seventh and ninth highest illegal alien populations.

Of the ten states with the highest unemployment rates, half also top the list for illegal immigrant populations. Conversely the states with the lowest unemployment rates, North Dakota, South Dakota and Vermont, also have illegal alien populations of less than 2,500 each.

Of the ten states with the highest illegal immigrant populations, seven also had the highest poverty rates in the country. California is number one in both. Texas is number two in both. New York is number three in both. Illinois is number four in illegal aliens and number five in poverty rates. Florida is number four in poverty rates and number five in illegal aliens.

These numbers should be profoundly disturbing as they represent the economic indicators of our future. States with the highest numbers of illegal immigrants are sinkholes of poverty and unemployment. They are also the states that are bleeding taxpayers dry on social welfare spending.



Page: 1 2 »