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Thread: Budget deficit dives -- again

  1. #19

    Default Re: Budget deficit dives -- again

    Tell me where I'm lying and I'll fix it. Point out the exact phrases so I don't mess it up.

    We tried one of these a few threads back and you never did get back to me.

  2. #20
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    Default Re: Budget deficit dives -- again

    I previously pointed out your false claim (that the CBO said that lower taxes resulted in a reduced deficit), you gave a bullshit response, and now you pretend like you don't even know what I'm talking about because you can't back it up.

  3. #21
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    Default Re: Budget deficit dives -- again

    Yeah matclone, why wait till heaven? Lets start living paradise life right here on Earth. Those churches are not playing around.

    skipster, when you say incomes grew, should all of us younger people looking to buy houses at some point ignore the fact that home prices went up like 2-3 times the last 7 years? You do realize that a major part of so called economic growth was due to increase in housing prices and the following subprime mortgage mess right?

  4. #22

    Default Re: Budget deficit dives -- again

    Quote Originally Posted by skipster View Post
    Can you read?? The thread is about a budget deficit, NOT a national debt!! If you don't know the difference, just say so and someone on this board will gladly help you.

    If you want to decrease the national debt a bit, cash in you savings bonds. The national debt is made entirely of government bonds -- mostly owned by US citizens. I don't think the government is in danger of going bankrupt to its own citizens, is it?
    Yes Skippy, I can read. Can you comprehend or did I hit a nerve with my reply?

    The economy is the sum total of all of its parts, not just hand picked "good news" numbers. If you have a problem seeing the big picture then I am sure that there are others on here that will gladly help you out.

    Opps! They already did.

    By the way, the national debt is not mostly owned by US citizens . I will be happy to share the actual breakdown of who does hold the debt if you are interested.

  5. #23
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    Default Re: Budget deficit dives -- again

    Don't go there Hardcore. I used to try to chime in on these sorts of threads. What usually ended up happening is I spent a LOT of time, and posts, defining the basics of Macroeconomics at the freshman/sophmore business major type level, all I would get in return would be sound bites, and dogma. Occasionally I would get cruel and get into economics at a higher technical math, technical terms, curves, graphing type level...... but really it got to be a waste of time.

    To those who think I am insulting your intelligence....... I'm not. I am insulting your ignorance. There is a difference.
    I am 49, bald, ugly, and don't own a single cool thing. Kids like me though.

  6. #24

    Default Re: Budget deficit dives -- again

    Quote Originally Posted by sgallan View Post
    Don't go there Hardcore. I used to try to chime in on these sorts of threads. What usually ended up happening is I spent a LOT of time, and posts, defining the basics of Macroeconomics at the freshman/sophmore business major type level, all I would get in return would be sound bites, and dogma. Occasionally I would get cruel and get into economics at a higher technical math, technical terms, curves, graphing type level...... but really it got to be a waste of time.

    To those who think I am insulting your intelligence....... I'm not. I am insulting your ignorance. There is a difference.
    That's about the funniest thing I've heard. Gallan, you're just like Big and clone -- your posts lack substance. Big says that since he didn't get a raise, no one did. Clone says he's right just because he is, ne evidence necessary. You never explained economics at all -- I had to explain it to you. You simly held your kid up as a human shield and screamed that anyone who disagreed with you wanted to kill her.

    Please don't stop taking your medication again.

  7. #25
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    Default Re: Budget deficit dives -- again

    You never explained economics at all -- I had to explain it to you. You simly held your kid up as a human shield and screamed that anyone who disagreed with you wanted to kill her.

    Please don't stop taking your medication again.


    Huh?
    I am 49, bald, ugly, and don't own a single cool thing. Kids like me though.

  8. #26
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    Default Re: Budget deficit dives -- again

    Quote Originally Posted by sgallan View Post

    To those who think I am insulting your intelligence....... I'm not. I am insulting your ignorance. There is a difference.
    True. You can't insult something that doesn't exist. (I've often wanted to use that line on referees when asked if I'm questioning their judgement)
    Atrophy: what you get when you win atournament.

  9. #27

    Default Re: Budget deficit dives -- again

    Big,

    If I were matclone, I would have to call you a liar because I never said that everyone's income grew, like you say I did. I would also have to swear a few times at you and refuse to explain my position. But, since I'm not matclone, I will tell you that only a portion of the economic growth was in housing and that mortgages are a very small part of that. The main growth was building -- housing starts. Either way, the deficit dropped dring WAR, when spending increased. That means that government revenue increased. That increase happened to be after the tax cuts, which increased government revenue by increasing free capital in the system.

    As for gallan, just look back at your previous posts and see what I mean by holding your kid up as a human shield. I'm not the only one on this board who has called you out on that. If you would like to enlighten me on the error of lower taxes increasing government revenue and explain it using economic terms, go right ahead. If you search previous posts, you will find that I have posted numerous times regarding economic theory and practice, supply curves, demand curves, production possibilities curves, and monetary and fiscal policy. You have posted nothing on any of those subjects.

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