I beleive you have to go back to Eisenhower to find a Republican president
who lowered the deficit during his term. Since then, 3 Democratic
presidents have done so, though: Johnson, Carter, & Clinton.
Make it as simple as possible, but not simpler. (Albert Einstein)
Larry Wasserman - Baltimore Maryland - lwasserm(a)sdf. lonestar. org
Your asking for a constitutional form of government - like ENgland, where
the power resides in a prime minister who basically serves at the pleasure
of the House, with just a powerless titular head - Queen of England or
Holland, President of France or Italy.
I'm not asking for anything. I'll put it more bluntly. Whether there
is a deficit depends on what the budget is. The President does not set
the budget. Congress, originating in the House of Representatives, sets
the budget. If you like the budget, thank Congress, not the President.
If you don't like the budget, blame Congress, not the President.
A good part of it is uncertainty.
Estimates are that business in the US are sitting on over $1 trillion in
cash but are reluctant to invest it due to uncertainty.
Uncertainty in imminent tax policies, energy development, health care costs,
Another $1 trillion in corporate assets are reported parked in off-shore
accounts due to unfavorable tax regulations. With a modest change in the tax
law, these profits could easily be repatriated to the US.
Totally agree. In spades. Previous tax amnesties haven't had too much
success, but it should be tried again, maybe with a jobs clause attached?
There are legitimate differences in the tax proposals, but Bowles-Simpson
seems to me a good (improvable!!) basis.
But I saw this:
It says it is from the Bureau of Labor Statistics, etc.
I agree that while this is indeed growth, it is too tepid.
At 15% un(der)employment, you've just won the understatement of the month
award! Worse, the number of employed is going down at a pretty steady rate.
All thanks to your boy, Obama and his lapdogs in Congress.
Private employment is really going up. One of the reasons that NJ is
lagging behind in reducing unemployment is Christies emphasis on
austerity. Look at Europe to see whether that works. Certainly not in
the short term.
You complain of my "facts" when, by your own admission, you forget what's
what? But, I see where you're going.
You're sorta correct. One of the Republican senators was recalled, giving
the Democrats a one-seat majority in the Wisconsin senate.
However the Wisconsin senate is in recess until January, which is after the
November elections. We'll have to wait to see whether the governor's
legislative backing is, in fact, neutralized. Meanwhile, he is still in
charge of the executive branch, and, need I say it, the machinery for the
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