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Old 01-27-2009, 05:20 PM  
CDSmith
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Join Date: May 2001
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Quote:
Originally Posted by ADL Colin View Post
McCain's budget would be similar to Obama's. The government budget hasn't decreased since 1965 and that was by less than 1%. Every year the budget increases 2-7% no matter who is president. It's been 20 years since government spending increased less than 2%. Last happened in 1987 after some really big increases in Reagan's first term.

The best thing for the debt is a strong stock market and during strong stock market years you see strong government receipts due to capital gains taxes. Look at the late 1990s stock market when capital gains taxes collected increased from $62 billion to $110 billion between 96 and 99. Capital gains taxes made up 6% of all government receipts in 99.
Thanks for typing all that out for me. I've been just too busy (read: lazy) to make that much effort to educate the few who badly need it here, and you said it better than I would have.

Good post.
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