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But more jobs and growth will help reduce the deficit. With more jobs and faster growth, the deficit will shrink as a proportion of the overall economy. Recall the 1990s when the Clinton administration balanced the budget ahead of the schedule it had set with Congress because of faster job growth than anyone expected — bringing in more tax revenues than anyone had forecast. Europe offers the same lesson in reverse: Their deficits are ballooning because their austerity policies have caused their economies to sink.

The best way to generate jobs and growth is for the government to spend more, not less. And for taxes to stay low – or become even lower – on the middle class.

1 posted on 11/18/2012 9:30:05 PM PST by Beowulf9
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To: Beowulf9

Next: Why Households Should Stop Obsessing About Their Budget Deficits. (Why Spending More Than You Can Afford is Good).


29 posted on 11/19/2012 3:57:21 AM PST by windsorknot
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To: Beowulf9
The best way the economy to grow is for Gov't to spend far, far less and let the people keep their own money.

In reality, there is no government deficit, since the bills are paid, the only question is HOW does the Gov't pay for it.

All gov't spending is a drain on the economy,not a plus.

30 posted on 11/19/2012 4:13:51 AM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: Beowulf9

Yes, the Government has done a bang-up job of creating jobs through tax-and-spend over the past four years, hasn’t it?

Are you serious, or are you trolling?


31 posted on 11/19/2012 4:29:11 AM PST by dinodino
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To: Beowulf9

$16 Trillion just isn’t enough. If only we owed $20 Trillion this country would be paradise on earth.


33 posted on 11/19/2012 4:56:56 AM PST by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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To: Beowulf9
Stop Obsessing? Really?
Would the liberals stop obsessing about it if a Republican was president?

34 posted on 11/19/2012 5:29:51 AM PST by BitWielder1 (Corporate Profits are better than Government Waste)
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To: Beowulf9

“It would suck too much demand out of the economy.”

Suck the $ from socialists - big birds and little turds like Reich. The economy thrives. DEFUND socialist collectives, foreign and domestic.

Socialism Is Legal Plunder - Bastiat

Socialism put us in this hole...

http://www.usdebtclock.org/

Stop the clock. DEFUND. Prepare. Persevere.

live - free - republic


35 posted on 11/19/2012 5:38:38 AM PST by PGalt
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To: Beowulf9
Ah yes, the old "if we just keep taking water from one end of the pool and dumping it in the other end..." school of economic thought.

Utter lunacy. We cannot "grow" our way out of this much debt. Not by keeping taxes/regulations high that prevent market expansion and wipe out profits via arbitrary mandates.

Reduce the size and scope of the FedGov by 80%... The economy will explode like nothing we've ever seen to date.

36 posted on 11/19/2012 5:48:28 AM PST by Dead Corpse (I will not comply.)
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To: Beowulf9
Recall the 1990s when the Clinton administration balanced the budget ahead of the schedule it had set with Congress because of faster job growth than anyone expected — bringing in more tax revenues than anyone had forecast.
Arrrrrrgh!!!. I can't take these STOO-PID democrat morons and their "Clinton Growth" meme any longer! Every single one of these JERKS seems to be forgetting about a certain thing that happened during the 90s that created that 'growth' and tax revenue.
The Internet, Personal Computers and Software!
That was it in a nutshell. THAT is where that "Clinton Growth" came from, nowhere else. And every industry and company that started using all that new fangled stuff created the Wealth and Tax Money that filled Fedzilla's coffers during said "Tech Boom" (scores of Millionaires were created overnight).

So all this 'let's return to the Clinton Tax Rates because they worked' is utter bullsh__. Unless there's some new Bill Gates, Steve Jobs or Michael Dell hiding in some weeds somewhere just waiting to create a whole new industry -- and a new way of living -- a growth like we all saw when Billy-Jeff was POTUS will never happen again. Period, end.

an aside: But Billy-Jeff, being the vindictive pr**k he is, couldn't leave any of that success for Dubya to also capitalize on, hell no. So what'd he do? ... sic the DOJ on Microsoft. Then the 'Tech Boom' went 'Bust', NASDAQ crashed, and Dubya took office with the start of a recession on his hands!

38 posted on 11/19/2012 6:27:21 AM PST by Condor51 (Si vis pacem, para bellum.)
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To: Beowulf9; PieterCasparzen; All

Benghazi-Coward Obama: ” - - - “I don’t think anybody is under any illusion that - - - “
..My Oval Empty Chair is empty again.
...I always run away whenever there is a major problem that Americans expect me to work on.
....My invention of the smoke and mirrors ‘Fiscal Cliff’ was just a gimmick to extract a Bipartisan Cave-In from the RINOs, so that I can keep on spending beyond the means of their ability to generate Federal Income.
.....I really, Really, REALLY enjoy riding around in my private Corporate Jet.
......Running away from problems is the ONLY way that I am able to keep from laughing out loud in public at how much fun I’m having destroying America!
.......This is so EASY!
........Americans are the most gullible people that the World has ever known!
.........Although all folks are not equal today, my Obamanation Communism policies in the next four years will exceed the wildest dreams of me or my Father, whoever he really was.
..........At last! America will FINALLY become a Third World Country!

_________

LONG LIVE THE TRUE EQUALITY THAT ONLY COMES FROM OBAMANATION COMMUNISM!


39 posted on 11/19/2012 7:39:35 AM PST by Graewoulf ((Traitor John Roberts' Obama"care" violates Sherman Anti-Trust Law, AND the U.S. Constitution.))
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