08-27-2008, 10:21 PM | #21 |
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08-27-2008, 10:26 PM | #22 | |
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It was more related to currency devaluations and the benefits of selling bonds to China or abroad. My point about deficits, and I suppose DDD is arguing about structural deficits, not just operating deficits, my words, not those of the industry, is there is no one concept unifying what's bad or good about them. Politically we love to rail on them, but there are some theories, not necessarily believed by me which posit it's a consumer good to allow other countries to float our economy's deficits.
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08-27-2008, 10:28 PM | #23 | |
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Modern big government started with FDR. Before that the era of central government bureaucratic involvement was minuscule in comparison to modern proportions. Ever since FDR, every administration has been big government. It's only been a matter of degree or parlance.
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08-27-2008, 10:31 PM | #24 | |
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Grew during the Vietnam War, and of course ballooned out of control under Reagan. And of course exploded under GWB. The most fiscally conservative of all modern presidents turns out to be Bill Clinton. |
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08-27-2008, 10:38 PM | #25 |
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LOL, right.
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08-27-2008, 10:38 PM | #26 | |
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If you heard Reagan's proposals in 1980, not what Congress proceeded to do to them and Reagan's acquiescence, he started down the correct road but didn't toe the line, allowing the whims of popularity to maintain domestic programs. He wanted to grow the military and was unwilling to shrink things domestically. Clinton shrunk the growth of the military was how he "became fiscally conservative." He certainly didn't shrink domestic programs or tax rates.
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08-27-2008, 10:40 PM | #27 | |
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Signed, The Sixteenth Amendment
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08-27-2008, 10:48 PM | #28 | |
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~ David Ricardo |
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08-27-2008, 10:50 PM | #29 | |
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Looooo-Seeeeee! ~Ricky Ricardo
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Sorry for th e tpyos. |
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08-27-2008, 10:56 PM | #30 |
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