Posted by swamphawk22 on 6/28/2010 1:47:00 PM (view original):
The charts are for the most part accurate. The conclusion you reached is wrong.
1 Democrats for the most part have controlled the House of representatives for the last 50 years. They control the Budget.
2 The world changed. The rest of the world is advancing in technology and economic power. It isnt the same playing field as 1951.
No matter what jobs would be flowing to emerging nations. If we would practice fiscal discipline and Governmental restraint we could advance into the next era and dominate it.
1. During most of Reagan's time in office, the Senate was controlled by the GOP. The Senate has an equal vote in the budget process and the President, who submits the original framework of the budget to the House, has veto power. In other words, it was the GOP that had control of the budget process during the Reagan years. In fact, when the Dems regained control of the Senate in '87 and maintained control of the House, the deficit was reduced.
In addition, your argument that the federal deficit during the '80's was the reason that labor share and individual savings dived, while individual debt skyrocketed, while the wealth of our country continues to concentrate to the top percenters, doesn't hold water. Corporate taxes have dived to virtually nothing, they outsource jobs to other countries, and control a larger percentage of the wealth than they have in a century. Yet we continue to reward them with more corporate welfare and less regulation and lemmings such as yourself continue to argue that we're not creating an environment profitable for them to survive.
2. Bullshit reasoning.
Deregulation and supply-side economics have been a disaster.
7/4/2010 10:02 AM (edited)