Off-Topic: Notice how Archie disappears????

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	Name:	architect -
	Subject:	Notice how Archie disappears????
	Date:	1/3/2013 10:35:46 PM (updated 1/3/2013 10:37:01 PM)

I disappear because I work for a living...MM pontificates for a living. Well I somehow missed the "recession" of 2000 that cost Al Gore the election (even though he did get 550,000 more votes than Mr. Bush).

You are correct in an earlier post that revenues increased every year during Mr Reagan's term...after he cut taxes and after he RAISED taxes. Revenues really jumped after the tax reform act of 1983 which was sponsored by Sen Bill Bradley(D) with the president's support. Among other things it raised capitol gains rates, made the depreciation deductions rules stricter, and greatly increased revenue intake. Of course the president also signed into law bi-partisan Social Security reform which raised the payroll tax and gradually increased the retirement age to 67. Employment increased a healthy 18 million between 1981 and 1988. I also seem to remember the Democratic controlled congress gave Mr. Reagan less than he requested in every budget save one over those years.

Now, after Mr Clinton RAISED taxes over the cries of "depression" by the Newster we "suffered" through 8 years of record breaking economic growth, employment growth (23 million) 'AND revenue growth (exceeding Reagan's). With the bi-partisan efforts of the Republican house, Democratic and Republican Senate and the president the budget was balanced and we went into 2000 with a $250 billion budget surplus that Chairman Greenspan was fretting would depress the bond markets by paying off our debt too quickly.

Then comes Mr Bush, a Republican House, a Republican Senate, a huge surplus and big tax cuts TWICE. In the 7 years before the meltdown in 2008 the employment growth is under 2 million, anemic economic growth and sluggish revenues. Then comes 2008...the bottom falls out of all aspects of the economy and the deficit passes 1 trillion (would be more if Mr. Bush put the Iraq war on budget rather call it "emergency funding").

Now MM, those are the FACTS...I don't claim to know why it all happened this way but it did. Keep and spout your OPINION til the last dog dies... but these are the FACTS.