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US Congress & The Legislative Branch Discuss Cutting ‘Red Tape,’ House GOP Pushes for Small Businesses at the Political Forums; Originally Posted by Xcali Just go do a little research on your own, compare the Democrats and the Republicans over ...

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Old 07-29-2012, 10:30 PM
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Default Re: Cutting ‘Red Tape,’ House GOP Pushes for Small Businesses

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Originally Posted by Xcali View Post
Just go do a little research on your own, compare the Democrats and the Republicans over the years starting with FDR and you will find that during Democratic control the economy has always done better. Republicans, especially since Reagan , have done nothing but inflate the national debt and leave us with deficits that grew like wildfire.
Very Well. Let's use the stats from your link. You seem to want to stress deficits so I averaged them out.


Average Annual Democrat Budget Deficit - $293 billion.

Average Annual Republican Budget Deficit - $190 billion.

But let's cut the crap each President's term comes with a multitude of complex details and blanket conclusions from general deficit figures means crap...although it is interesting.

For example let's go back to this idea Clinton balanced the budget. I continue to assert it wasn't Clinton who balanced the budget. Actually it was more in spite of Clinton the budget was balanced. It was a combination of Clinton being lucky enough to be in term during one of the greatest economic booms in American history,, and not being able to stop a Republican congress which was Hell bent on balancing the budget. Let's go back to the figures in your link. This time I'll add a timeline.

Bill Clinton


1993 $404.92 Billion Deficit D D D
1994 $314.55 Billion Deficit D D D

1995 $246.62 Billion Deficit D R R
1996 $157.16 Billion Deficit D R R
1997 $31.43 Billion Deficit D R R
1998 $97.33 Billion Surplus D R R
1999 $172.76 Billion Surplus D R R
2000 $314.78 Billion Surplus D R R


Green was the period of the dot com bubble. The economic boom began to really kick in about 97 as I recall.

Curiously enough those are also the same years Republicans controlled both houses.

Quote:
1993 -- the year of the giant Clinton tax hike -- was not the turning point in the deficit wars. In fact, in 1995, two years after that tax hike, the budget baseline submitted by the president's own Office of Management and Budget and the nonpartisan Congressional Budget Office predicted $200 billion deficits for as far as the eye could see. The figure shows the Clinton deficit baseline. What changed this bleak outlook?

Newt Gingrich and company -- for all their faults -- have received virtually no credit for balancing the budget. Yet today's surplus is, in part, a byproduct of the GOP's single-minded crusade to end 30 years of red ink. Arguably, Gingrich's finest hour as Speaker came in March 1995 when he rallied the entire Republican House caucus behind the idea of eliminating the deficit within seven years.

Skeptics said it could not be done in seven years. The GOP did it in four.

Now let us contrast this with the Clinton fiscal record. Recall that it was the Clinton White House that fought Republicans every inch of the way in balancing the budget in 1995. When Republicans proposed their own balanced-budget plan, the White House waged a shameless Mediscare campaign to torpedo the plan -- a campaign that the Washington Post slammed as "pure demagoguery." It was Bill Clinton who, during the big budget fight in 1995, had to submit not one, not two, but five budgets until he begrudgingly matched the GOP's balanced-budget plan. In fact, during the height of the budget wars in the summer of 1995, the Clinton administration admitted that "balancing the budget is not one of our top priorities."

And lest we forget, it was Bill Clinton and his wife who tried to engineer a federal takeover of the health care system -- a plan that would have sent the government's finances into the stratosphere. Tom Delay was right: for Clinton to take credit for the balanced budget is like Chicago Cubs pitcher Steve Trachsel taking credit for delivering the pitch to Mark McGuire that he hit out of the park for his 62nd home run.
No, Bill Clinton Didn't Balance the Budget | Stephen Moore | Cato Institute: Daily Commentary


Quote:
On May 15, 1997, after months of intense negotiations, President Clinton reached a bipartisan budget agreement with Speaker Newt Gingrich (R), Senate Majority Leader Trent Lott (R), and Senate Minority Leader Tom Daschle (D). House Minority Leader Dick Gephardt (D) did not sign on.

I was Senator Lott’s budget staffer at the time. In addition to aiding him in those negotiations, I assembled the 1997 agreement document. While it was widely circulated then, that was 14 years ago, and I haven’t seen the 24-page document or that agreement discussed anywhere recently.

Here it is: Bipartisan Budget Agreement (May 15, 1997).

Of particular relevance to the current negotiation is the table on page 4, titled “SUMMARY OF DEFICIT REDUCTION IN BUDGET RESOLUTION MARK.” From this table you can see that President Clinton (and Senator Daschle) agreed with Leader Lott and Speaker Gingrich to a deal that cut spending, reduced the deficit enough to balance the budget, and cut taxes.

That’s right. The 1997 Clinton-Gingrich-Lott bipartisan budget agreement cut spending enough to balance the budget and cut taxes.

You can see from this table that over a five year period (1998-2002) the agreement:

cut defense discretionary spending by $77 billion and cut nondefense discretionary spending by $61 billion;
“cut” (reduced the growth rate of) Medicare spending by $115 billion;
“cut” Medicaid spending by $14 billion;
cut other mandatory spending by $40 billion;
contained new “Presidential [spending] initiatives” that increased spending by $31 billion; and
cut taxes by a net $85 billion (and a gross $135 billion, $50 billion of which was offset by other tax increases).

The net result of this agreement was $204 billion of net deficit reduction over five years, and a projected balanced budget in 2002. That $204 billion accounts for the deficit-increasing effects of both the President’s new spending and the Republicans’ net tax cuts. The gross deficit reduction was about $320 billion over five years.
The 1997 Bipartisan Budget Agreement cut spending and cut taxes | Keith Hennessey

Last edited by Infidel Dog; 07-29-2012 at 10:38 PM..
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Old 07-30-2012, 07:58 AM
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Default Re: Cutting ‘Red Tape,’ House GOP Pushes for Small Businesses

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Originally Posted by Infidel Dog View Post
Very Well. Let's use the stats from your link. You seem to want to stress deficits so I averaged them out.


Average Annual Democrat Budget Deficit - $293 billion.

Average Annual Republican Budget Deficit - $190 billion.

But let's cut the crap each President's term comes with a multitude of complex details and blanket conclusions from general deficit figures means crap...although it is interesting.

For example let's go back to this idea Clinton balanced the budget. I continue to assert it wasn't Clinton who balanced the budget. Actually it was more in spite of Clinton the budget was balanced. It was a combination of Clinton being lucky enough to be in term during one of the greatest economic booms in American history,, and not being able to stop a Republican congress which was Hell bent on balancing the budget. Let's go back to the figures in your link. This time I'll add a timeline.

Bill Clinton


1993 $404.92 Billion Deficit D D D
1994 $314.55 Billion Deficit D D D

1995 $246.62 Billion Deficit D R R
1996 $157.16 Billion Deficit D R R
1997 $31.43 Billion Deficit D R R
1998 $97.33 Billion Surplus D R R
1999 $172.76 Billion Surplus D R R
2000 $314.78 Billion Surplus D R R


Green was the period of the dot com bubble. The economic boom began to really kick in about 97 as I recall.

Curiously enough those are also the same years Republicans controlled both houses.



No, Bill Clinton Didn't Balance the Budget | Stephen Moore | Cato Institute: Daily Commentary




The 1997 Bipartisan Budget Agreement cut spending and cut taxes | Keith Hennessey
When you adjust your republican math and actually credit the correct Party with the correct numbers we may have reason for a debate but as long as you are adjusting your numbers to reflect what you want you have nothing but spin .

I noticed you didn't credit the 2001 surplus to Clinton.. which would be the case since the Fiscal 2001 year was under the Clinton budget. I suspect you also made sure to credit Obama with the 1.3 trillion budget deficit, you know, the 1.3 trillion Deficit that Bush left us. Average that into your republican math and suddenly your numbers don't come out quiet like you want them...

Republicans have been trying for years to take credit for the balanced budgets. It was the Deficit reduction bill passed in 93 and the booming economy of the 90"s that balanced the budget. The Bill passed in 97 had little to do with the balance although it did help cut a few years off what was already built into the budget.
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Old 07-30-2012, 09:22 AM
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Default Re: Cutting ‘Red Tape,’ House GOP Pushes for Small Businesses

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Originally Posted by Xcali View Post
Jobs are created when demand is created, and taking away regulations for businesses does nothing to create demand. The house republicans are lying to themselves and the American people, and putting on a show for their voting public. They know they will never get anything passed unless they start working together with Democrats to pass balanced legislation that both parties can agree to.
The list of thigns that have been sold (and contiue to be sold) that initially had no demand is incredibly long. Also, there is already demand for many products that are being sold at prices that are higher than they should be due to gov't regs. that help no one. Cut the un-needed costs and you allow the business to cut prices, expand markey share and raise production. But all of this is economics and that's not subject that you have any understanding of, so I'm sure that your response will be just as uninformed as the rest of your posts are.
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Old 07-30-2012, 12:33 PM
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Default Re: Cutting ‘Red Tape,’ House GOP Pushes for Small Businesses

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Originally Posted by Xcali View Post
I noticed you didn't credit the 2001 surplus to Clinton.. which would be the case since the Fiscal 2001 year was under the Clinton budget. I suspect you also made sure to credit Obama with the 1.3 trillion budget deficit, you know, the 1.3 trillion Deficit that Bush left us. Average that into your republican math and suddenly your numbers don't come out quiet like you want them...
You get my point then. Using deficit as a blanket proof of economic success or failure is silly, because there are all these complicated, nitpicky arguments within every figure, and you can choose which of the complexities to present for whichever side you want stress.

For example, because we're wondering which parties economic policies are more effective we would have to remember Republicans held both houses in at the end of Clinton's term, and Democrats held both houses at the end of Bush's.

Hey, wanna have some fun? Play with this little gizmo.

The Recession in Perspective - Compares output and employment changes during the present recession with the same data for the 10 previous recessions - The Federal Reserve Bank of Minneapolis
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Old 07-30-2012, 01:12 PM
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Default Re: Cutting ‘Red Tape,’ House GOP Pushes for Small Businesses

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Originally Posted by cnredd View Post
About time!...

Cutting ‘Red Tape,’ House GOP Pushes for Small Businesses

And that is how jobs are really created...

NOT by the government sticking their hands into business, but government getting the hell out of the way...
If they don't come up with a real jobs bill pretty soon who the hell do these small business people think is going to be able to buy their sh*t?
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Old 07-30-2012, 01:14 PM
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Default Re: Cutting ‘Red Tape,’ House GOP Pushes for Small Businesses

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If they don't come up with a real jobs bill pretty soon who the hell do these small business people think is going to be able to buy their sh*t?

What exactly is a "real" jobs bill? Do tell
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Old 07-30-2012, 01:19 PM
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Default Re: Cutting ‘Red Tape,’ House GOP Pushes for Small Businesses

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What exactly is a "real" jobs bill? Do tell
We have 100s of bridges and miles of highway in bad need of repair. The core jobs alone will spur local economies across the nation. Then the feeding and gasing and clothing of the workers...banking, laundry services. Entrepreneurship will spring up out of nowhere to fill gaps.
Yes it would be funded by our tax dollars. Sometimes you gotta spend money to make money as the old saying goes. Meanwhile people would pay cash instead of food-stamps for groceries, buy their own health care, buy automobiles, send their kids to college...
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Old 07-30-2012, 01:38 PM
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Default Re: Cutting ‘Red Tape,’ House GOP Pushes for Small Businesses

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Originally Posted by faithful_servant View Post
The list of thigns that have been sold (and contiue to be sold) that initially had no demand is incredibly long. Also, there is already demand for many products that are being sold at prices that are higher than they should be due to gov't regs. that help no one. Cut the un-needed costs and you allow the business to cut prices, expand markey share and raise production. But all of this is economics and that's not subject that you have any understanding of, so I'm sure that your response will be just as uninformed as the rest of your posts are.
it's statements like this that leads me to believe you are the one with no understanding on the economy. Regulations have nothing to do with why businesses are raiseing their prices. The Demand for a Product / or lack of Demnd, determines the prices. Businesses attempt to guide consumer Demand in order to the the first, or the cheapest in delivering the right products ans services. If something is in HIGH demand then businesses mak more revenue. If they can't make enough of a product fast enough then the Price will rise. If the price increase is sustained over a time then you end up with inflation.

On the other hand if Demand drops then businesses will first lower their price, hoping to shift dmand from their competitors and take more market share. If demand isn't restored they may create a new and better product if able, and then if Demand isn't restored after that the will produce less product and lay off workers , or completely cut jobs.Deregulation plays no role in it, that is a right wing myth that has been debunked countless times.


as for my "Uninformed" posts.. I noticed you trying to move the discussion away from the fact that you used false numbers to attempt to debunk that last post. I'm sure this was unintentional... no I don't really think that, because you know what you did and now that you got caught trying to be slick you change the subject to distract from your deciept...

Didn't work...

Now.. Since you are so adept at economics how about posting a list of just 10 regulations in business that have a direct impact on Prices. I'm not talking about tax code, or rules that are set by a particular industry, I'm speaking of Actual Government regulations...

List 10... Go.!
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Old 07-30-2012, 01:46 PM
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Default Re: Cutting ‘Red Tape,’ House GOP Pushes for Small Businesses

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We have 100s of bridges and miles of highway in bad need of repair. The core jobs alone will spur local economies across the nation. Then the feeding and gasing and clothing of the workers...banking, laundry services. Entrepreneurship will spring up out of nowhere to fill gaps.
Yes it would be funded by our tax dollars. Sometimes you gotta spend money to make money as the old saying goes. Meanwhile people would pay cash instead of food-stamps for groceries, buy their own health care, buy automobiles, send their kids to college...


They already tried this. The money was spent and the "jobs" went away.

Plus, projects like these are not "shovel ready". They take years of engineering time.

Plus, I am having a hard enough time finding Ameicans that want to do manual labor to hire in Texas now.
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Old 07-30-2012, 01:47 PM
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Default Re: Cutting ‘Red Tape,’ House GOP Pushes for Small Businesses

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Originally Posted by Xcali View Post
it's statements like this that leads me to believe you are the one with no understanding on the economy. Regulations have nothing to do with why businesses are raiseing their prices. The Demand for a Product / or lack of Demnd, determines the prices. Businesses attempt to guide consumer Demand in order to the the first, or the cheapest in delivering the right products ans services. If something is in HIGH demand then businesses mak more revenue. If they can't make enough of a product fast enough then the Price will rise. If the price increase is sustained over a time then you end up with inflation.

On the other hand if Demand drops then businesses will first lower their price, hoping to shift dmand from their competitors and take more market share. If demand isn't restored they may create a new and better product if able, and then if Demand isn't restored after that the will produce less product and lay off workers , or completely cut jobs.Deregulation plays no role in it, that is a right wing myth that has been debunked countless times.


as for my "Uninformed" posts.. I noticed you trying to move the discussion away from the fact that you used false numbers to attempt to debunk that last post. I'm sure this was unintentional... no I don't really think that, because you know what you did and now that you got caught trying to be slick you change the subject to distract from your deciept...

Didn't work...

Now.. Since you are so adept at economics how about posting a list of just 10 regulations in business that have a direct impact on Prices. I'm not talking about tax code, or rules that are set by a particular industry, I'm speaking of Actual Government regulations...

List 10... Go.!
Except when they can get away with it (Oregon and Idaho come to mind) businesses often do not comply with regulations anymore. Awhile back they decided to see what happens given the fact we didn't have enough regulators and the teeth were ground out of the penalty phase, if they just din't comply.
Landlords get together and decide what price they will ask. Doesn't matter that the housing market is in the toilet cause the mortgages aren't feasible either. They set prices. Growers and retailers also set prices. BUT they don't want the common wage earner to set HIS price.
go figure
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