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Thread: Taxes - Clinton vs Bush years

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  1. #1
    Join Date
    Oct 2002
    Location
    Canada
    Posts
    5,506
    US public debt in 1999: $5,656,270,901,615.43
    US public debt in 2007: $9,007,653,372,262.48
    US public debt today: $9,244,157,340,271.49

    Source: http://www.treasurydirect.gov/govt/r...t/histdebt.htm

    Whats the point of lower taxes if the country runs massive deficit and public debt grows out of control?

    Red

  2. #2
    Join Date
    Nov 2007
    Posts
    147
    Quote Originally Posted by Red Ketchup View Post
    US public debt in 1999: $5,656,270,901,615.43
    US public debt in 2007: $9,007,653,372,262.48
    US public debt today: $9,244,157,340,271.49

    Source: http://www.treasurydirect.gov/govt/r...t/histdebt.htm

    Whats the point of lower taxes if the country runs massive deficit and public debt grows out of control?

    Red
    lol exactly, and then dems are elected, and try to clean up the mess left by the republicans, but look like turds to the average person because they dont understand the reason for new taxes etc, and as such republicans are elected again. Obviously there are many more variables than that, but my point is that this trend is cyclical.

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