RE: [MLUG - DISCUSSION] Missouri Young Republicans?

["F Vernon Green" <EMAIL:PROTECTED>]

I do not argue with you here. I think Bush did himself a huge dis-service
with this department of homeland security. Then he federalized all the
airport security people. In this regard I am ashamed of him. 

On the other hand, I have said many times, I do not want my Government to
have a surplus. I heard Clinton talking about how Bush spent the surplus. I
say good, spend it or give it back, I view the tax cuts that I evidently did
not get any benefit from as a payback for being over taxed through the
Clinton years. 

It could also be argued that all of the companies that have gone bankrupt
and ruined many retirees retirement systems are also a product of the
Clinton years. In fact no one could really argue that it was not. The
electrical crisis in California is another product of stock market greed
that was prevalent during the Clinton years. All of this work and income was
not real and an adjustment had to be made. This adjustment took place when
Bush took office and now he is blamed for it.

Of course I cannot blame Clinton for these things either, since I am a firm
believer that on economical issues, a President is along for the ride just
like everyone else.

-----Original Message-----
From: EMAIL:PROTECTED
[mailto:EMAIL:PROTECTED] On Behalf Of Mike Miller
Sent: Thursday, July 08, 2004 9:58 AM
To: MLUG Off-Topic Discussion
Subject: Re: [MLUG - DISCUSSION] Missouri Young Republicans?

On Thu, 8 Jul 2004, Jonathan King wrote:

> But also note quite clearly that Bush did NOT cut taxes.  He only 
> shifted them into the future.  (This is easy to see: we now have a large 
> structural deficit that is being financed, and the money that will pay 
> the interest and principal on that in the future will come from taxes. 
> Taxes were not cut, that we were only shifted into the future. 
> Moreover, if interest rates are higher than the growth in GDP in the 
> interim, then the eventual tax rate will actually increase. This 
> nauseatingly fiscally irresponsible action was brought to you by an 
> alleged Republican.)


Right, but Bush is just like Reagan in this regard:  Massive, reckless 
deficit spending.  Why would they do such a thing?  Want to know how you 
are being scammed by the rich?  *READ* *THIS* *ARTICLE*:

http://taxa.epi.umn.edu/~mbmiller/20030914_NYT_Krugman_economy.html


Want some numbers?  Check this out (from Business Week):

http://www.businessweek.com/magazine/content/04_25/art04_25/0425_34news_a.gi
f

In case that URL dies, I put a copy here:
http://taxa.epi.umn.edu/~mbmiller/reagan_record.gif

My analysis of the numbers:

Let's compare Carter, Reagan and Clinton on each category and see which of 
the three had the best results:


Category                Winner
-------------------    ---------
GDP                     Clinton
Consumer Prices         Clinton
Productivity            Clinton
Wages                   Clinton
Unemployment rate       Clinton
Poverty rate            Clinton
Stock prices            Clinton
Business investment     Carter
Federal employment      Clinton (least growth)
Federal receipts        Reagan
Federal outlays         Clinton
Budget deficit          Clinton


If we agree with Reagan that the goal of government should be to make 
itself smaller, then we must give Clinton the prizes for both "federal 
employment" and "federal outlays," because Clinton reduced federal 
employment by 1.4% while Reagan increased it by 0.9% (losing also to 
Carter's 0.8%).  As a share of GDP, Clinton's outlays were 19.6% while 
Reagan's were 22.3%, but Reagan took in less tax revenue (18.0% of GDP 
compared to Clinton's 19.6%) and therefore showed the worst deficit 
spending ever (4.3% of GDP compared to 0.1% for Clinton or 2.4% for 
Carter).

More from Business Week here:

http://www.businessweek.com/bwdaily/dnflash/jun2004/nf20040610_9541_db038.ht
m

Mike
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