What the French Elections Mean for the U.S.

brucetee _ I know you rarely learn from your many mistakes(no learning curve)...

Still fantasizing “lack of financial acuity that was shown by George Bush during tenure in office” & “this spending cut only policy thats being touted by the republicans,is as absurd as bleeding patients was during George Washington's time”.

Well brucetee I store answers. I know you will repeat, repeat, and repeat even more OF the SAME LIES. HERE is one of many corrections to WHAT YOU SAID I HAVE:

"In every case over the last 60 years, major tax cuts have more than paid for themselves. In fact, every major tax cut since JFK has been followed by substantial increases in revenue, not to mention solid economic growth. Moreover, total federal revenue rose at a faster rate after each of those tax cuts than it did before them. Anyone can confirm these basic facts for themselves by checking federal budget data and economic indicators before and after major tax cuts (see, for example, Federal Budget Data, Data 360 Unemployment U.S., and Total Economy Database). Let’s take a closer look at the results of the last four major tax cuts (and then for good measure we’ll examine the Mellon tax cuts of the 1920s)."

"Bush Tax Cuts: President George W. Bush’s 2003 tax cuts generated a massive increase in federal tax revenue and were followed by 52 consecutive months of economic growth. From 2004 to 2007, federal tax revenue increased by $780 billion, the largest four-year increase in American history. Total federal revenue from 2003 to 2007":

"2003 -- $1.78 trillion

2004 -- $1.88 trillion

2005 -- $2.15 trillion

2006 -- $2.40 trillion

2007 -- $2.56 trillion"

"Total federal revenue for 2008 dropped slightly, down to $2.52 trillion, because a recession started that year, but revenue was still substantially higher than it was in 2003 or 2004. During the same period, income tax revenue rose dramatically, going from $925 billion in 2003 to $1.53 trillion in 2007. As with other types of federal revenue, income tax revenue dropped slightly in 2008, down to $1.45 trillion, due to the fact that a recession began that year."

"It’s important to keep in mind that the recession had nothing to do with the tax cuts. The recession was brought on by destructive federal intervention in the subprime mortgage market, irresponsible funding and securitization of subprime loans by Freddie Mac and Fannie Mae, unsound Federal Reserve monetary policy, a lack of oversight by the Securities and Exchange Commission, greed and fraud committed by certain large banks and investment firms, and consumers who bought homes they really couldn’t afford."

http://www.mtgriffith.com/web_documents/taxcutfacts.htm

Bill Hedges of MO 3:02AM May 08, 2012

PEOPLE....

will always vote themselves a free lunch, high wages, 12 weeks vacation a year and retirement at 50 - if voting doesn't work they will burn and riot for it.

A Few More Words of Wisdom:

There are two ways to conquer

and enslave a country.

One is by the sword.

The other is by debt."

John Adams

The Constitution is not an instrument for the government to restrain the people,

it is an instrument for the people to restrain the government

- lest it come to dominate our lives and interests."

Patrick Henry

"Give me control over

a nation's currency, and

I care not who makes its laws."

Baron Rothschild

The American Republic will endure, until politicians realize

they can bribe the people with their own money."

Alexis de Tocqueville

"Anyone who would trade their freedom for safety

deserves neither freedom or safety."

Benjamin Franklin

"Government's first duty is to protect people,

not to run their lives."

Ronald Reagan

"If we ever forget that we are One Nation Under God,

then we will be a Nation gone under."

Ronald Reagan

"A nation without [secure] borders is not a nation."

Ronald Reagan

“We have to pass the Healthcare bill so that you can find out what is in it.”

Nancy Pelosi (Oh boy - quite the thinker)

“The problem with socialism is that you eventually

run out of other people’s money.”

Margaret Thatcher

"The Government that governs best ... governs least."

Thomas Jefferson

“We don't have a trillion-dollar debt because we haven't taxed enough;

we have a trillion-dollar debt because we spend too much”

Ronald Reagan

“When the people find that they can vote themselves money,

that will herald the end of the republic.”

Benjamin Franklin

"We contend that for a nation to try to tax itself

into prosperity is like a man standing in a bucket and

trying to lift himself up by the handle."

Winston Churchill

"An economy hampered by restrictive tax rates

will never produce enough revenue to balance the budget,

just as it will never produce enough jobs or enough profits."

John F. Kennedy

"A government that is big enough to give you all you want

is big enough to take it all away."

"Democracy is two wolves and a lamb voting on what to have for lunch.

Liberty is a well armed lamb contesting the vote."

Benjamin Franklin

"The American people will never knowingly adopt socialism. But,

under the name of 'liberalism,' they will adopt every fragment of the socialist program,

until one day America will be a socialist nation, without knowing how it happened."

Norman Thomas (US Socialist Presidential Candidate)

"A government that robs Peter to pay Paul

can always depend on the support of Paul."

George Bernard Shaw

"The people who cast the votes don't decide an election, the people who count the votes do."

Joseph Stalin's advice to Al Franken

"No provision in our Constitution ought to be dearer to man than that which protects the rights of conscience against the enterprises from civil authority"

Thomas Jefferson

R.L. Schaefer of CA 2:23PM May 07, 2012

Suzy Q, the author, likes to perpetuate the liberal’s BIG LIE (No proof by Suzy Q. of course. Just ASSUME TRUE):

“There's an unfortunate comparison as well, here, with many American voters, who don't want their taxes raised but also don't think the government should stop doing things like maintaining roads and bridges.”

Conclusion _ Lower taxes and lower government revenue. FOR RICH is NOT TRUE.

“MYTH: We can only cut taxes if we cut spending by the same amount; otherwise, tax cuts will reduce revenue and cause deficits.”

“FACT: Historically tax cuts have always paid for themselves. Federal revenue increased after the JFK tax cuts, after the Reagan tax cuts, after the Clinton tax cuts (Clinton increased _ Newt decreased), and after the Bush tax cuts. The problem has not been taxes. The problem has been runaway spending. Total federal spending has not dropped once in over 40 years—not once”:

· “Under LBJ revenue grew by 25%, but spending grew by 24%.

· Under Nixon revenue grew by 17%, but spending grew by 21%.

· Under Ford revenue grew by 11%, but spending grew by 22%.

· Under Carter revenue grew by 20%, but spending grew by 13%.

· Under Reagan revenue grew by 15%, but spending grew by 25%.

· Under Bush Sr. revenue grew by 17%, but spending grew by 18%.

· Under Clinton revenue grew by 35%, but spending grew by 9%.

· Under Bush Jr. revenue grew by 10%, but spending grew by 25%.”

http://www.mtgriffith.com/web_documents/taxcutmyths.htm

Bill Hedges of MO 1:48PM May 07, 2012