Well, No. Wrote:
-------------------------------------------------------
> Everett Dirksen Wrote:
> --------------------------------------------------
> -----
> > Minimal Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > BamaParade Wrote:
> > >
> >
> --------------------------------------------------
>
> >
> > > -----
> > > > 5 MILLLION DOLLARS is minimal?
> > > >
> > > > Tell that the the jobless, homeless and
> > hungry.
> > >
> > > Yes, as a line item in a $3.2 trillion
> budget,
> > $5
> > > million is minimal. Look @ it this way: $5
> > > million is $0.016 (that's less than 2 cents)
> US
> > > resident.
> >
> >
> > That's a big part of why we're trillions in the
> > hole. Everything is "...just a few
> > million/billion."
>
> We're "trillions in the hole" because:
>
> 1) The 2001 act and the 2003 act significantly
> lowered the marginal tax rates for nearly all U.S.
> taxpayers; and,
>
> 2) The tax base did not expand to make-up for the
> shortfall in tax revenues; and,
>
> 3) The economy severely contracted in 2008,
> plunging the US into a very deep recession; and,
>
> 2) We spent for $4 trillion on wars in Iraq &
> Afghanistan.
Uh, no.
We've been significantly in the hole continually since WWII other than for a couple of years during Clinton's term when things slowed and we had single-year, on-paper budget surpluses. And that was only because we had a windfall from captial gains resulting from the dot com boom after he lowered the rates and we didn't have time to spend it. That came to a crashing end and we made up for it the next year.
Out of control government spending is independent of party. The government and related debt continues to grow regardless who's in the chair.