Page 2 of 2

Re: NY Times Article about SMU

Posted: Sun Nov 07, 2010 2:51 pm
by Stallion
that link was a projected budget deficit. In fact, Obama's first budget came in 122 Billion under Bush's last budget. We already have a roadmap on how to reduce the budget deficit-it has been done before. Reimpose a reasonable Estate Tax for one and then repeal the Bush Tax Cuts for those earning more than $250,000. Based upon 80 years of tax policy precedent it is the perfectly reasonable response to the budget crisis. Voodoo Economics starting in 1980 is the root of the problem

Here is the official Final Budget Deficit Report of the Treasury Department:

http://www.ustreas.gov/press/releases/tg911.htm

The pertinent part reads:

Summary of Fiscal Year 2010 Budget Results

Year-end data from the September 2010 Monthly Treasury Statement of Receipts and Outlays of the United States Government show that the deficit for FY 2010 was $1.294 trillion, $122 billion or nine percent less than in FY 2009, and $177 billion or 12 percent less than estimated in the July 2010 Mid-Session Review of the FY 2011 Budget (MSR). The deficit was also $261 billion or 17 percent less than the estimate in the President's FY 2011 Budget submitted to Congress in February 2010. As a percentage of GDP, the deficit fell to 8.9 percent, down from 10.0 percent of GDP in FY 2009.

Re: NY Times Article about SMU

Posted: Sun Nov 07, 2010 8:24 pm
by George S. Patton
I'm fine with the Bush hatred. For those of you who loathe him, that's your choice.

So be consistent to your convictions and stay away from the library for the rest of your natural lives after it opens.

I'm pleased to have it coming to the Southern Methodist University campus.

Re: NY Times Article about SMU

Posted: Sun Nov 07, 2010 11:58 pm
by PonyKai
George S. Patton wrote:I'm fine with the Bush hatred. For those of you who loathe him, that's your choice.

So be consistent to your convictions and stay away from the library for the rest of your natural lives after it opens.

I'm pleased to have it coming to the Southern Methodist University campus.
There are over 3200 institutes of higher education in the US. There are, what, seven Presidential libraries? If you don't want one at SMU, whomever it is in the name of, you should have your voter card revoked and be forced to sit in the corner wearing the dunce cap for about three weeks. You have effectively told the world you're a moron.

Now, if you have legitimate concerns about a policy arm becoming the mouth piece of SMU, well, you bought five minutes at the table for a conversation. But whining about the library itself...yeah, you've had speaking privileges revoked.

Re: NY Times Article about SMU

Posted: Tue Nov 09, 2010 4:27 pm
by ponyboy
Stallion wrote:Cato Institute-"Don't Blame Obama for Bush's Deficits"

http://www.cato-at-liberty.org/dont-bla ... 9-deficit/

CBO Estimates that Obama's First Budget resulted in 125 Billion less of a deficit that Bush's last budget
http://cbo.gov/
I take that as a direct hit. I have a great deal of respect for the Cato Institute and am a member.

Re: NY Times Article about SMU

Posted: Tue Nov 09, 2010 4:29 pm
by ponyboy
Stallion wrote: We already have a roadmap on how to reduce the budget deficit-it has been done before. Reimpose a reasonable Estate Tax for one and then repeal the Bush Tax Cuts for those earning more than $250,000.
Here's another idea. Let people who earn their money keep it. Soaking the "rich" is immoral. The way to reduce the deficit is to reduce the size and scope of government.