Evaluation of the policies of George W. Bush and his Republican conservatives on America.
Published on February 18, 2007 By COL Gene In Politics



Today Ben Stein, a regular on Fox news, was being interviewed. He was discussing the need to begin saving early for retirement. The discussion then turned to taxes when one of the Fox Commentators’ asked Stein if it was true that about 75% of Income taxes are paid by the top 20% of the taxpayers. Mr. Stein responded that was correct. He then said that is because most of the wealth is held by the top 10% in this country. He went onto say that 90% of the securities are owned by 10% of the American population and that the top 1% owns over 50% of all securities. He then said that it is only fair that those with most of the money pay most of the taxes. He also commented that they are the only group that can afford to pay the higher taxes, without suffering adverse economic consequences, to pay for the needed services provided by the government.

After Mr. Stein’s comments there was a moment of what is called “Dead Air” and the Fox commentators then switched to a completely different topic. The truth does bite the conservatives. I know there are those that deny there is a significant disparity between the haves and the others in America. However, when 90 % of the wealth is held by 10% of the people and the remaining 10% is owned by the other 90% to deny that a great disparity exists is to deny reality!

Comments (Page 7)
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on Feb 27, 2007
What are People who make idiotic statements? I have proven my ststements with data from the Treasury Dept.


No you did not. you cut and paste the data to look the way you want it. You have a reputation of telling lies, distortions and half truths.
on Feb 27, 2007
paladin77

This is from the U.S. Treasury Dept. Web Site:

You are an IDIOT who lives in a dream world.



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Historical Debt Outstanding - Annual 1950 - 2005



* Rounded to the nearest Million



To find more historical information, visit The Public Debt Historical Information archives.



Date Amount



02/22/2007 $8,768,614,254,781.72 Balance TODAY

09/30/2005 $7,932,709,661,723.50

09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06

09/30/2000 $5,674,178,209,886.86 Balance just before Bush 43 took over

09/30/1999 5,656,270,901,615.43

09/30/1998 5,526,193,008,897.62

09/30/1997 5,413,146,011,397.34

09/30/1996 5,224,810,939,135.73

09/29/1995 4,973,982,900,709.39

09/30/1994 4,692,749,910,013.32

09/30/1993 4,411,488,883,139.38

09/30/1992 4,064,620,655,521.66 Balance just before Clinton took over

09/30/1991 3,665,303,351,697.03

09/28/1990 3,233,313,451,777.25

09/29/1989 2,857,430,960,187.32

09/30/1988 2,602,337,712,041.16 Balance just before Bush 41 took over

09/30/1987 2,350,276,890,953.00

09/30/1986 2,125,302,616,658.42

12/31/1985 1,945,941,616,459.88

12/31/1984 1,662,966,000,000.00 *

12/31/1983 1,410,702,000,000.00 *

12/31/1982 1,197,073,000,000.00 *

12/31/1981 1,028,729,000,000.00 *

12/31/1980 930,210,000,000.00 * Balance when Reagan took over




on Feb 27, 2007
I am sorry but you have lied to me too many times. I have a hard time putting up links on my posts so I don’t usually request them to be fair I don’t ask for stuff I don’t provide normally. In your case Unless I see it on my own because your reputation is that of a liar, misquoter, denier of facts that are not hard to find if you looked.
on Feb 27, 2007

"Gene: Why should I have to pay for congress going on a spending spree?"

Because Congress and the President are who we elected and they have the power and responsibility to set the spending. They also have the power and responsibility to levy taxes to pay for the spending they approve!

Okay. They're elected. And they can either cut spending or raise taxes or have deficit spending. I vote they cut spending. They clearly have decided deficit spending is okay.

 

on Feb 28, 2007
Paladin77

I have NEVER Lied. You just do not accept the truth that Bush does not know what he is doing!

Dragional

The problem with your third option is that it just digs a deeper hole. As we go more and more into debt, the problem of increased spending gets worse because of the escalating interest we must pay. That policy can not continue and when it stops we are still faced with repaying all that debt and we are obligated to pay the interest until we repay the debt! It is time to increase taxes, balance the budget and act responsibly.
on Feb 28, 2007
The problem with your third option is that it just digs a deeper hole. As we go more and more into debt, the problem of increased spending gets worse because of the escalating interest we must pay. That policy can not continue and when it stops we are still faced with repaying all that debt and we are obligated to pay the interest until we repay the debt! It is time to increase taxes, balance the budget and act responsibly.


Deficit spending is "just" as much the fault of congress as it is GW. I don't see the democrats doing anything to help clean up the spending problem. So then they're no better than the republicans, right?
on Feb 28, 2007
have NEVER Lied. You just do not accept the truth that Bush does not know what he is doing!


You posted that Mr. Libby admitted on the stand that the VP was out to get Mr. Wilson. when in fact Mr. Libby had not taken the stand, the procicution was still presenting its case and now the trial is over Mr. Libby still has not taken the stand. I call that a lie. THere are more but I don't need to go into them you just lied to me again.
on Feb 28, 2007
Paladin77

We have not scene the first budget from the Democrats. That will be the 2008 budget. Libby admitted that to the special prosecutor-- The one he lied to and is the reason he is being tried!

Drmiler

Yes deficit spending is the fault of Bush and the Congress which was controlled by the GOP. That does not change a thing. We still have added over $3 Trillion to the debt since 2001.
on Feb 28, 2007

The problem with your third option is that it just digs a deeper hole. As we go more and more into debt, the problem of increased spending gets worse because of the escalating interest we must pay. That policy can not continue and when it stops we are still faced with repaying all that debt and we are obligated to pay the interest until we repay the debt! It is time to increase taxes, balance the budget and act responsibly.

I agree. Deficits are bad.  What does this have to do with reality?

You keep assuming that the third option is an impossibility.

You're like the guy who insists it can't rain while standing in a downpour.  Clearly, the people and the congress believe the third option is viable because we almost always run deficits.

Where we differ is that I would cut spending and you would increase my taxes but not yours. Neither of us are going to get our way.

on Mar 01, 2007
Drmiler

Yes deficit spending is the fault of Bush and the Congress which was controlled by the GOP. That does not change a thing. We still have added over $3 Trillion to the debt since 2001.


You keep missing the STINKING POINT!!! The GOP no longer controls congress, the democrats do. Yet what have they done since obtaining control? I can tell you in one word....."NOTHING"
on Mar 01, 2007
Yes deficit spending is the fault of Bush and the Congress which was controlled by the GOP.


Please explain how deficit spending has been going on since WW1 and continues since Vietnam yet it is all the fault of Mr. Bush.

You are a political hack.
on Mar 01, 2007
Paladin 77

This is from the U.S. Treasury Dept. Web Site:

Look at the two BOLD lines. Almost ALL of the debt came from Reagan and Bush 43!



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Historical Debt Outstanding - Annual 1950 - 2005



* Rounded to the nearest Million



To find more historical information, visit The Public Debt Historical Information archives.



Date Amount



02/22/2007 $8,768,614,254,781.72 Balance TODAY

09/30/2005 $7,932,709,661,723.50

09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06

09/30/2000 $5,674,178,209,886.86 Balance just before Bush 43 took over

09/30/1999 5,656,270,901,615.43

09/30/1998 5,526,193,008,897.62

09/30/1997 5,413,146,011,397.34

09/30/1996 5,224,810,939,135.73

09/29/1995 4,973,982,900,709.39

09/30/1994 4,692,749,910,013.32

09/30/1993 4,411,488,883,139.38

09/30/1992 4,064,620,655,521.66 Balance just before Clinton took over

09/30/1991 3,665,303,351,697.03

09/28/1990 3,233,313,451,777.25

09/29/1989 2,857,430,960,187.32

09/30/1988 2,602,337,712,041.16 Balance just before Bush 41 took over

09/30/1987 2,350,276,890,953.00

09/30/1986 2,125,302,616,658.42

12/31/1985 1,945,941,616,459.88

12/31/1984 1,662,966,000,000.00 *

12/31/1983 1,410,702,000,000.00 *

12/31/1982 1,197,073,000,000.00 *

12/31/1981 1,028,729,000,000.00 *

12/31/1980 930,210,000,000.00 * Balance when Reagan took over
on Mar 01, 2007
FedInvest®

Set up an account

Historical Debt Outstanding - Annual 1950 - 2005



* Rounded to the nearest Million



To find more historical information, visit The Public Debt Historical Information archives.



Date Amount



02/22/2007 $8,768,614,254,781.72 Balance TODAY

09/30/2005 $7,932,709,661,723.50

09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06

09/30/2000 $5,674,178,209,886.86 Balance just before Bush 43 took over

09/30/1999 5,656,270,901,615.43

09/30/1998 5,526,193,008,897.62

09/30/1997 5,413,146,011,397.34

09/30/1996 5,224,810,939,135.73

09/29/1995 4,973,982,900,709.39

09/30/1994 4,692,749,910,013.32

09/30/1993 4,411,488,883,139.38

09/30/1992 4,064,620,655,521.66 Balance just before Clinton took over

09/30/1991 3,665,303,351,697.03

09/28/1990 3,233,313,451,777.25

09/29/1989 2,857,430,960,187.32

09/30/1988 2,602,337,712,041.16 Balance just before Bush 41 took over

09/30/1987 2,350,276,890,953.00

09/30/1986 2,125,302,616,658.42

12/31/1985 1,945,941,616,459.88

12/31/1984 1,662,966,000,000.00 *

12/31/1983 1,410,702,000,000.00 *

12/31/1982 1,197,073,000,000.00 *

12/31/1981 1,028,729,000,000.00 *

12/31/1980 930,210,000,000.00 * Balance when Reagan took over


Yes but did you even bother to notice that it has been on an upward climb since Reagan? It even went up during your precious Clinton years. To the tune of almost 1.5 Trillion dollars. I thought you said he balanced the budget. If he "had" balanced it like you say, then there would be NO reason for the climb during his years now would there?
on Mar 01, 2007
drmiler

Look at the National debt Sept 30 1999 compared with Sept 30 2000-- Note the amounts are almost the SAME. That shows that in FY 2000 which ended 30 Sept 2000 we had a Balanced Budget just as I said. The very next year after Bush took over we had a $133 Billion Dollar deficit. The second year of Bush had a $421 Billion dollar deficit. During the 8 years of Clinton we increased the National Debt by about $1.5 Trillion. In the first 6 years of GWB he has added $3.1 Trillion. The debt that we added during both Bush 41 and Clinton was the result of the changes Reagan made. It took 19 years to undo what Reagan Did and Bush 43 returned to a deficit the first year he was in office and had a deficit EVERY Year!
on Mar 01, 2007
Look at the National debt Sept 30 1999 compared with Sept 30 2000-- Note the amounts are almost the SAME. That shows that in FY 2000 which ended 30 Sept 2000 we had a Balanced Budget just as I said.


Dr. Miler, Please don't try to confuse him with facts and logic. He is using actual figures from GWB and projected figures from WJC. What the mental midget fails to remind you is that the 2000 budget is written by WJC administration, Mr. Bush may have won the 2000 election but does not take over until January 2001 and does not write a budget until 2002 Keeping in mind the fiscal year ends in september of each year but the results of that year are not totaled until March because it takes 3 to 6 months to get the actual figures in for each quarter. This is why you will see the unemploytment figures change for the last month or two to replace the projected figures. Just like the GAO projected a 10 trillion dollar surplus in the year 2000, the politicians wanted to spend it all now. but the actually figures would not be in for 10 years. The Democrats wanted to spend money that did not come in and won't be collected for ten years. The Republicans wanted to give a tax cut to match 25% of the projected surplus. Just in case there is a problem with the figures or that some unseen problem happens like 9/11 which killed the projected surplus based on the Tax cuts by Ronald Reagan.
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