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George Rebane

Congressman Tom McClintock is a good man, and a politician Jo Ann and I have supported since our SoCal days.  We continue to support him.

McClintock110630 Last Thursday night (30jun11) we were in south (Nevada) county attending a townhall meeting with the congressman at a local Lions Club.  The focus of his speech was the country’s financial crisis and the ongoing debt limit negotiations.  As expected, Tom was there with a lot of charts and graphs that illustrate his usual substantive presentations.  His California District Director Rocky Deal and I estimated that the gathering was just shy of 250 people.  It was a good roomful with people of every political coloration in attendance since Tom represents us all.  Q&A time produced a lot of excellent ones from all over the map.

Perhaps I asked him the most awkward question of the evening, because Tom answered it as if he had misunderstood me.  In his talk the congressman reviewed the loggerheads between the Keynesian and Austrian school positions on government intervening in a nation’s economy and attempting to create jobs.  He highlighted FDR Sec Treas Henry Morgenthau’s 1939 testimony to Congress that is now iconic in conservative circles, and still invisible to progressives (search RR, ‘Morgenthau’).  RR readers are familiar with the diametric arguments.

My question concerned the Democrats’ eternal silence on Morgenthau’s testimony and if whether in their debt limit negotiations the Republicans ever considered that Team Obama and the Democrats want to purposely weaken America economically so as to have us stand down as one of the world’s hegemons, and put us into a more compliant mood to work as a peer toward a global collective.

GrossFederalDebt The congressman responded by saying that no one in Washington denies Morgenthau’s assessment of FDR depression era policies; it is a matter of historical record that on the eve of WW2 Morgenthau lamented that Keynesian government spending programs had not worked and had resulted only in increasing the national debt.  He also recounted that President Obama, in a meeting with members of Congress, clearly and believably stated that his administration would be judged by how it restored America’s economy to strength, therefore that was the goal and focus of his efforts.  And that was that.


Given that the congressman was addressing a room full of people that included his Democratic constituents, perhaps he did not want to be as candid as he could.  But that is not the character of Tom McClintock.  I walked away from the meeting with the feeling that our congressman (and perhaps others of his Republican colleagues) believe in these past two years that they have been debating the left on ways and means to achieve a common goal.  That the immediate and obvious failures of recent progressive policies involving the explosion of government and its commitment to astronomical levels of debt were nothing more than the products of the ongoing historical give and take between the Keynesian and the Austrian approaches to managing the economy.

As these pages show, I join my small voice with the many national commentators who point out that if we look at Obama’s path to the White House, the people he has surrounded himself with, and their written and spoken words, then there is a much simpler explanation for the strivings and accomplishments of this administration.  It is not enough to just accuse them of being insane in their reapplication of policies that haven’t worked and this time expect a different result.  It is not productive to continue to negotiate with the progressives under the public face of a common goal.  Since if such goal does not exist, then the Republicans are doomed to bear the burden of every failure that derives from these negotiations – this is the consistent advice from every theory and handbook on successful negotiations.

Undoubtedly there is political risk in calling out the progressives on their global agenda.  But continuing on the current fruitless path under erroneous assumptions is a recipe for a bitter political certainty.  Both sides endlessly repeating their mantras of ‘cut spending’ and ‘increase taxes’ spreads a boring fog on an economically threatened electorate that is demonstrably deficient in history, current events, and critical thinking skills.  As studies have shown (Bryan Caplan, 2007), in their minds the most oft repeated and simple one-liners will prevail.

I believe that the debt limit debate should be elevated to point out the extent that American liberals in public life have signed up for nudging (a la Cass Sunstein, the administration’s regulatory czar) or precipitously shoving us into their brave new world order.  This would not characterize them as being necessarily evil or wishing ill to our citizens.  Progressives are zealots of their own stripe who, over the past century, have left a long record of the kind of governance that they believe would most benefit mankind.  It is that record which needs to be brought into the debate, and connected to the mandates that Democrats are now spreading across the land.

Putting the progressive future on the table and shining a light on it will make it accessible to at least the voters who are not yet in the grip of transfer payments.  When the global future is visible to everyone in all its ‘glory’, it may also motivate the left to reconsider their approach to how fast they want to “fundamentally transform” us.

Believing their own words makes it plain that not everyone on the left wants America to remain a strong and sovereign nation-state.  In any case the perennial global goal of the progressives begs to be considered publicly by conservatives, and for critical thinkers Occam demands its place among the explanations for the progressives’ current behavior in the debt limit negotiations.

Posted in , , ,

64 responses to “Tom McClintock Townhall – An Alternative Ignored?”

  1. Todd Juvinall Avatar
    Todd Juvinall

    I was a bit surprised that Tom said he would vote for a short term increase in the ceiling. If our debt payments are 200 billion, that is about one months revenues to the feds and is doable without raising the limit. I guess I am saddened by the willingness to compromise with the democrats on this. The Congress has had three months now since the first Geithner squawk to come to a fix but we are seeing the can kicked down the road again. We are seeing Greece fall apart because their people are unwilling to give a bit up of their largesse so they are now, as a country, begging other to save them. That is what is happening here with the 51% who get a government check. Tom and Congress can cut commiserate with any increase in the debt limit, but I did not hear that on Thursday night.

    Like

  2. Ben Emery Avatar

    George,
    Both you and definitely Mr McClintock are rewriting history at least and outright lying at worst.
    “The congressman responded by saying that no one in Washington denies Morgenthau’s assessment of FDR depression era policies; it is a matter of historical record that on the eve of WW2 Morgenthau lamented that Keynesian government spending programs had not worked and had resulted only in increasing the national debt.”
    The history shows that until the the ill advised conservative idea of balancing the budget in a financial crisis of 37′ the FDR policies were working quite well. From inheriting the depression from Hoover and the laissez faire 20’s of low Top Marginal Tax Rates, trading on margin, and housing bubble. 1932 unemployment was near 25% and every year until 1937 it went down, 1936 unemployment was just under 17%. Banks were regulated and we didn’t see another bank crash until reagan started the deregulating and the Savings and Loans crashed in the 80’s. In 1938 the unemployment rated jumped back up to 19%.
    From the implementation of the New Deal policies, not all worked but many did, until the reagan revolution that started dismantling these policies we had the strongest growth and middle class in American history. Since reagan revolution we have seen government debt and size explode. Both of these are due to the new incentive to keep capital instead of reinvesting. Keeping it in a small few keeps it out of the economy. The government is now trying to fill the gap created these 3 decade old incentives.
    It is not

    Like

  3. Ben Emery Avatar

    People can save the rubbish that war got us out of the depression. It might have contributed but I would argue it stymied the progress more than helped. If war helps us economically why have we seen our economy create huge debts and not help the average working person in 3 decades of unconsitutional undeclared wars?
    War is the fastest way of impoverishing the people through taxation/ debt and stripping civil liberties. It was a tooled used by kings and now the used by the new capitalist kings of interlocking monopolistic industries of banking, defense, energy, agriculture, pharmaceuticals, and media.

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  4. Barry Pruett Avatar

    Ben: There is so much rhetoric in that mess I do not even know where to start. Simply speaking, if we want our economy to pick up, government needs to get out of the way. The Depression of 1920 was worse mathematically than the Depression of the 30’s. In 1920, GNP down 7%, 18% deflation, and 12% unemployment. In 1930, GNP down 7%, 9% deflation, and 9% unemployment.
    1920-Depression starts. Harding dramatically reduces the size and scope of government. Economy bounces back in 18 months.
    1930-Depression starts. Hoover increase size and scope of government intervention into the economy. Roosevelt continues and expands upon Hoover. Depression continues for a generation.
    2008-Massive recession starts. Bush and Obama increase size and scope of government intervention into the economy. No end in sight.
    Those who fail to study history are doomed to repeat it.

    Like

  5. D. King Avatar
    D. King

    “Those who fail to study history are doomed to repeat it.”
    …or want to repeat it!

    Like

  6. Todd Juvinall Avatar
    Todd Juvinall

    BenE’s take on history sends shivers up my spine. I think he must have missed all the classes. Yikes!

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  7. Todd Juvinall Avatar
    Todd Juvinall

    Frisch is now calling George and Tom McClintock unAmerican on the leftwingnut’s blog. I would suggest Frisch is simply a socialist sucking the taxpayers money from the earners and has accidentally called George and Tom what he truly is himself.

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  8. Mikey McD Avatar
    Mikey McD

    George, I agree with your assessment of Tom. If I am able to retire before him I would volunteer in his office.
    Barry, your points are spot on! D King too!
    “Those who fail to study history are doomed to repeat it.”
    …or want to repeat it!
    Posted by: D. King | 02 July 2011 at 03:25 PM

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  9. stevenfrisch Avatar
    stevenfrisch

    Hey Juvinal, stop lying! I did not call Mr. McClintock un-American. I quoted a section of George’s post and said it is un-American.

    Like

  10. Todd Juvinall Avatar
    Todd Juvinall

    Stevie, fess up man, stop calling George and the rest unAmerican.

    Like

  11. Todd Juvinall Avatar
    Todd Juvinall

    SteveF, Here is your very words copy/pasted about George.
    “If he does march he will be doing so not as a patriot. This from his blog this morning:”
    So wiggle your portly form out of your own words chump.

    Like

  12. Paul Emery Avatar
    Paul Emery

    Todd
    What is this obsession you have with describing men’s body shapes? You might need to talk to somebody. I think George is quite capable of verbally defending himself and can chose when he feels its appropriate.

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  13. Paul Emery Avatar
    Paul Emery

    Here’s a general question to consider. What % of GDP do you feel is healthy for government spending?

    Like

  14. stevenfrisch Avatar
    stevenfrisch

    You lying freak—here is what I said:
    “I wonder if George Rebane will be marching in the Fourth of July parade? Will he be with the Tea Party Patriots, Republican Party or the Republican Women?
    If he does march he will be doing so not as a patriot. This from his blog this morning:
    “As these pages show, I join my small voice with the many national commentators who point out that if we look at Obama’s path to the White House, the people he has surrounded himself with, and their written and spoken words, then there is a much simpler explanation for the strivings and accomplishments of this administration. It is not enough to just accuse them of being insane in their reapplication of policies that haven’t worked and this time expect a different result. It is not productive to continue to negotiate with the progressives under the public face of a common goal. Since if such goal does not exist, then the Republicans are doomed to bear the burden of every failure that derives from these negotiations – this is the consistent advice from every theory and handbook on successful negotiations.”
    So here we have George’s answer to not getting his way. He stomps his feet, in the flowery language of an intellectual, while disguising his persona as child.
    This is why I call them the perpetuators of the “Baby State”. Here is their drill: I am a baby and I will not compromise with anyone, ever, anytime, under any circumstance, regardless of consequence, including the collapse of our financial system, until and unless I get my way.
    It is fundamentally un-patriotic to demand the predominance of your interest in a republic.
    Don’t be fooled by these un-American charlatans on the 4th of July. This is not the spirit that founded the nation. This is not the value system that negotiated the constitution. These are not the actions of “real” Americans.
    What an unpatriotic mind set to have in a enlightened republic.”

    Like

  15. Todd Juvinall Avatar
    Todd Juvinall

    Paul one thing about conservatives is we have a sense of humor. You liberals are droll and boring. Besides, I don’t smoke the ganga so I have my full facilities.
    Frisch is just a plain loon and I will no linger respond to his lying ways. Well, maybe. Anyway, you lefty’s have a nice time this Fourth, you plumpers you. LOL.
    Oh, and read Rush Limbaugh story on he Founders and get inspired if that is even possible.

    Like

  16. Todd Juvinall Avatar
    Todd Juvinall

    Frisch, thanks for reprinting your words from the FUE’s blog to certify I was correct.

    Like

  17. Greg Goodknight Avatar
    Greg Goodknight

    Paul Emery, here’s a specific question for you to kick it off… is the current level of federal, state and local government spending too high, too low or just right?
    IIRC Limbaugh claims that Democrats define bipartisanship as when Republicans cave on their principles to vote with Democrats. It would seem that Frisch agrees.

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  18. George Rebane Avatar

    My post was on exposing the true objectives of the progressives in the debt limit negotiations in order to make progress. Their desire to continue the same borrowing and spending policies, while throwing out the fiscally ineffective sop of additional taxes on their ‘rich’ guarantees the country’s financial collapse while igniting class warfare fires in the streets.
    Astoundingly the progressives call any reasonable opposition to this future as “un-American”, unpatriotic, “perpetuators of a ‘Baby State’ ” (this one confuses me), etc.
    What no one from their side wants to talk about is their published details of the “fundamental transformation” of America they want to achieve.
    If an attribute of patriotism is the perpetuation of the United States as a strong and sovereign nation-state, then The intelligent reader here is the best judge of who are the patriots.

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  19. stevenfrisch Avatar
    stevenfrisch

    As strong sovereign nation state does not result from factions solely acting in their narrow financial self-interest and refusing to work for the common good. The rich are getting richer, more so than almost any other time in American history, by screwing the middle class, and it is your allies who are doing it. Your faction is un-patriotic and un-American because you have ceased working for the common good and the strength of the sovereign nation.
    And Greg, it would seem that Mr. McClintock is even more willing to negotiate than those here. Is he a friggin’ ‘collectivist’.

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  20. stevenfrisch Avatar
    stevenfrisch

    BY the way, I am on record here, and across these blogs, with by far the most realistic, comprehensive, and potentially bi-partisan deficit and debt reduction plan of any of the participants.
    Happy friggin’ fourth to the secessionists.

    Like

  21. Greg Goodknight Avatar
    Greg Goodknight

    Frisch, a conservative who believes the government spends too much money and taxes too much already and, as a result, refuses to vote for higher spending and raising taxes, is working “for the common good”. They just disagree with Stephen Frisch as to what the common good is.

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  22. Paul Emery Avatar
    Paul Emery

    Greg
    Historically the Republicans have had little concern about the national debt. In fact this is kind of a new interest to them. I’ll drone on about the tripling of the debt under Reagan Bush 1 and the unbelievable legacy of Bush 2 with two unfunded wars that will cost trillions and the lowering of the reasonable tax rates that were helping to pay down the debt under Clinton-Gindrich (yes that was bi-partisanship)
    Nixon didn’t care, fallen hero Reagan didn’t care. neither of the Bushes cared and now the Republicans are supposed to be the gallant knights trying to save America from financial ruin when in fact they were the ones that drove us off the cliff. Why would anybody trust these guys to do the job? Obama inherited the mess and hasn’t done much better and that brings us up to date.
    Of course it will end up a bipartisan effort. The Ryan budget is dead and stinky with pathetic public support. The debt ceiling will rise after the Dems do some trimming to make the Repubs feel they accomplished something with their tantrum and we will survive without the class warfare that George so casually and without substance predicts.
    In short what “Republican principals” are you talking about? Certainly not anything demonstrated in the last 60 years.

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  23. Todd Juvinall Avatar
    Todd Juvinall

    Why is it a concern that the rich are getting richer? Jealousy? Envy? The pie is ever growing in America, at least it was until the Frisch ilk gained power. Now all Americans are hurting because the liberals have created and enhanced an unfair tax system. (along with their police state of collection) Only a small percentage of the people pay federal income taxes which means the rest are getting a free ride. How is that fair Frisch? Also, you progressives have passed a fee on just about every human endeavor known to man and now you want to tax and fee CO2 for goodness sakes. It will affect the lower and middle class, those groups the liberals say they feel the pain for, more than any rich person. So, with every post, Frisch and his leftwing ilk assist us in educating the masses of the danger these people, are putting our country and our planet in. I say cut off all these grant, rent seeking SBC types and save billions in dollars and dry up their leftwing propaganda.

    Like

  24. Todd Juvinall Avatar
    Todd Juvinall

    Paul, you must have been out of the country during the 60’s. I recall vividly the national debate about deficits during the democrat Johnson led Vietnam War. I think the national budget was something like 250 billion and the war was making a lot of people, mostly conservative republicans, very concerned. I would say your ilk are the deficit drivers par excellence. We conservatives have always been concerned about deficits but America was always able to bounce back into prosperity, now you lefty’s have driven America into the ditch and the tow truck is not big enough to yet pull it back to the roadway.

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  25. George Rebane Avatar

    The national debt is a concern only to the extent that debt service becomes a major part of the federal budget.
    Class warfare in America has already started and is daily substantively abetted by progressives of all stripe. The Peter/Paul Principle has been successfully used to free half the country’s earners of federal taxes which have been shifted disproportionately to the country’s top earners.
    Class warriors teach that the rich take their earnings from the poor, instead of creating that as marginal wealth.
    As American tax rate history shows, it is near impossible to directly transfer wealth from the rich to the poor – the rich simply stop producing excess taxable wealth.
    Class warriors do not recognize the natural impact of education and technology on earning power in a (semi)free market. This systemic effect will only become stronger creating a bigger differential between the wages of the rich and poor.

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  26. Paul Emery Avatar
    Paul Emery

    Todd
    I was actively doing my best to end the Viet Nam War. What were you doing to try to stop it? So now 50 years later you have come out of the closet and we have the anti war activist Todd Juvinall. Really Todd, what did you do to end the war?
    Are you saying we weren’t “in the ditch” at the end of Bush2’s debacle?

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  27. George Rebane Avatar

    From an analysis of the current fiscal state of the union.
    “We have been all too willing to believe the story that future growth driven by indomitable American ingenuity will deliver us from our debt. Unfortunately, unless another decade-long period of explosive technology innovation is in the cards for us, we may have just now hit a wall. … The Boomers have screwed Generation X.” Dr Jason Hsu, Anderson School, UCLA

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  28. Douglas Keachie Avatar

    Tis country had no trouble going through many, many, many generations of computers and software over the last 30 years, as improvements showed up like clockwork, and the previous generations were tossed. I see no reason to believe that this will not continue, or that it is not equally applicable to improvements in solar technology, if proper incentives are offered. If the USA makes it the top national priority to go solar, improvements in cost and efficiencies will come, as the cash flows drive them from the minds of daring young entrepreneurs.

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  29. Todd Juvinall Avatar
    Todd Juvinall

    Paul, I as a teenager, supported the country’s effort in Vietnam to stop the communists. The anti-war nuts did not represent me and many other Patriotic Americans. So, while you were protesting I was in agreement we needed to win.
    Paul, were you part of the Weather Underground?

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  30. Douglas Keachie Avatar

    So Todd, did you support more, or less cash for the troops? Sounds like you supported more, and thus your were not a properly conservative budget saving Republican back then. In your own words:
    “I recall vividly the national debate about deficits during the democrat Johnson led Vietnam War. I think the national budget was something like 250 billion and the war was making a lot of people, mostly conservative republicans, very concerned.”
    Which side were you really on? Saving money, or making the troops “victorious?”

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  31. Paul Emery Avatar
    Paul Emery

    Todd
    So why are you complaining about the costs of a war that supported ? This is important only because it illustrates a typical Republican hypocritical posaition . It’s the same thing about the war in Iraq and the billions that it added to our national debt. Todd did you support that war? How do you think these useless wars should be paid for? War tax?
    Weather Underground? No. I was a strong supporter of Eugene McCarthy in 68. Who did you support ?

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  32. Todd Juvinall Avatar
    Todd Juvinall

    Paul, what are you talking abut? I supported the Vietnam War and I even debated a loony lefty fellow student on local cable at the time. I alo supported us battling the terrorists over there rather than on Mill Street here. War is a terrible thing but there are times they mist be fought. I am unapologetic for my position. So, Paul, are there any wars which you have supported? Seems you were for Bosnia weren’t you? How about Grenada? The Mexican War?
    When our troops are in a war, we Americans of a Patriotic bent have always supported them with our treasure. How you and Keachie can derive your conclusions about my point of recognition about deficit discussion with hypocrisy is why you two are from Mars and I am from earth.

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  33. Douglas Keachie Avatar

    Let’s trust corporations!
    42,000 gallons of oil into the Yellowstone River and it only affects 10 miles of the river, according to Exxon? 10 miles is 52,800 feet. That’s a bit less than one gallon per foot of river. How stupid does Exxon think we are?

    Like

  34. Scott Obermuller Avatar

    “The rich are getting richer, more so than almost any other time in American history, by screwing the middle class, and it is your allies who are doing it.” OK Steven – please give us one example. I can give you several examples of the “rich” screwing the middle class, but it’s all of the left-wing rich. And the funny part is that the middle class want to get screwed. On a regular basis, the middle class vote for endless rules and regs that will drive up the cost of everything they they buy and enrich the already wealthy. Then they want to turn around and cry about being screwed? Don’t blame the conservatives. They had no part in it. Look at the cost of building a home in Nevada County today. Because of Fed, State and local regs the cost has gone through the roof (pun intended) and who is to blame? What conservative cried for more costs to be added to the cost of construction? BTW – I will have to point out once more that there were more millionaires created in the 30’s than in the 20’s. It was due to big govt. concentrating wealth and robbing from the middle class and handing the money to the rich. Liberal big govt benefits the wealthy and crushes the middle class. The poor get thrown a bone for photo ops. The liberal 30’s produced racist laws such as the “prevailing wage” that is still used today for monopolistic policies to control the labor market and help the established contractors while stifling the poorer contractors. The liberal socialist govts of Europe have created a uber-wealthy class of the elite in Europe and kept the middle class stagnant. No one screws the middle class and the poor in America today more than Obama.
    He openly brags about wanting to “skyrocket” the cost of electricity. And he is doing it. Who pays – and who gains? The middle class pay and the wealthy gain. The working poor pay taxes to govt and the govt hands the money to the wealthy for buying a car that the poor can’t afford. And the libs blame the ones that tried to stop it. Madness!

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  35. Paul Emery Avatar
    Paul Emery

    Todd You wrote this
    “Paul, you must have been out of the country during the 60’s. I recall vividly the national debate about deficits during the democrat Johnson led Vietnam War.”
    This seems to imply that you were opposed to the deficits caused by the Vietnam War. Why else would you have written that other than to make a point about the war costs?

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  36. Douglas Keachie Avatar

    Paul, Todd likes to be a man of mystery. I asked about this too.

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  37. Todd Juvinall Avatar
    Todd Juvinall

    No Paul, I write that because I was pointing out there were always discussions and concerns about deficits. As you may recall, democrat Johnson shoved his new massive social programs through and the country was discussing the total budgets and the future. It appears the people who were concerned about the Great Society and its costs were correct since the country is now on the brink. You are trying to put words on the paper I did not say, but that is what the lamestream media has taught everyone.

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  38. Paul Emery Avatar
    Paul Emery

    Pretty weak Todd. If you’re concern was the spending of
    “Great Society” programs you should have said so. Instead you chose a the war, which you were a supporter, of to make an example.

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  39. Paul Emery Avatar
    Paul Emery

    History shows that it’s the Republicans that can’t be trusted with the national wallet. Here’s the five worst presidential Administrations for deficit spending.
    Bush (Georgie) 05
    Bush (Papa) 89
    Reagan 81
    Reagan 85
    Obama 09
    Republicans, beyond a doubt the biggest spenders. I wouldn’t hire this crew to run my business.

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  40. Todd Juvinall Avatar
    Todd Juvinall

    Paul, are you dense/ I repeat that I brought up the first national discussions I remember about deficits not that I was taking a position on deficits as a fifteen year old. You need to quit skimming and read the posts before making a statement of fabrication. Regarding deficits, I don’t like them, I don’t like the national debt. What more is not clear to you? Oh, and I am very PO’d about Trajan since you always go to the past for examples.

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  41. Paul Emery Avatar
    Paul Emery

    Todd
    My last post was not specifically for you but more to give an example of why the Repubs are the worst option when it comes to dealing with money. They have no idea how to balance a checkbook.
    Wasn’t it you that brought into the conversation a while ago the Barbary Pirates when we were talking about Islamic extremism? I guess that’s not looking at the past.

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  42. Todd Juvinall Avatar
    Todd Juvinall

    s I have heard my fiancee’ say to her two kids, “whatever”.

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  43. Benjamin Comptom Avatar
    Benjamin Comptom

    We all find it rather funny and hypocritical when the right does not want to raise taxes, but then they also don’t want to cut their spending either.
    Tax rates are at their lowest level in years for the upper class, and the economy is in shambles, but they still want to keep the rich making their money no matter what it does to the average family.
    I remember the “trickle down” theory, and I have one question…. How well has it trickled down to the middle class? I think I’ll start calling it the “drool down theory” as is seems to work as well as my nice clean hand below my dogs mouth they you say the word “cookie”!

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  44. George Rebane Avatar

    BenjaminC, what part of “their spending” doesn’t the right want to cut?

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  45. Greg Goodknight Avatar
    Greg Goodknight

    It was the Gingrich congress that forced the Clinton administration into a balanced budget, and there never was anything called “trickle down” economics except as a pejorative term for just about any tax benefit that flowed to businesses, the preferred tax collector of the Feds.

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  46. D. King Avatar
    D. King

    “We all find it rather funny and hypocritical when the right does not want to raise taxes,…”
    Are there two of you in there?
    “Tax rates are at their lowest level in years for the upper class…”
    Maybe the 50% that pay no tax…should.
    Sounds like you’ve doomed yourself to be in the lower class. Try some initiative!
    When you give up before you start, you will go nowhere.

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  47. Douglas Keachie Avatar

    Todd, the phrase you’re looking for was “guns AND butter.”

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  48. Douglas Keachie Avatar

    “and there never was anything called “trickle down economics”
    Somebody failed his history courses, I see.
    The economist John Kenneth Galbraith noted that “trickle-down economics” had been tried before in the United States in the 1890s under the name “horse and sparrow theory.” He wrote, “Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: ‘If you feed the horse enough oats, some will pass through to the road for the sparrows.’” Galbraith claimed that the horse and sparrow theory was partly to blame for the Panic of 1896.[14] During this period, in his Cross of Gold speech, Democrat William Jennings Bryan said:
    “There are those who believe that, if you will only legislate to make the well-to-do prosperous, their prosperity will leak through on those below. The Democratic idea, however, has been that if you legislate to make the masses prosperous, their prosperity will find its way up through every class which rests up on them.”
    Proponents of Keynesian economics and related theories often criticize tax rate cuts for the wealthy as being “trickle down,” arguing tax cuts directly targeting those with less income would be more economically stimulative. Keynesians generally argue for broad fiscal policies that are direct across the entire economy, not toward one specific group.
    In the 1992 presidential election, Independent candidate Ross Perot called trickle-down economics “political voodoo.”
    Or maybe Greg is trying to rewrite history, an old commie stunt.

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  49. D. King Avatar
    D. King

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