NationStates Jolt Archive

I want you to vote on who said the words below and then post why you think it was that person. When everyone that wants to vote has, I will resurrect this thread from whatever page it falls to by posting the answer.



"It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget, just as it will never produce enough jobs or enough profits. Surely the lesson of the last decade is that budget deficits are not caused by wild-eyed spenders but by slow economic growth and periodic recessions, and any new recession would break all deficit records."

I have no idea, so I took a wild guess.

I know who it is. Why? Because I cheated.

I want you to vote on who said the words below and then post why you think it was that person. When everyone that wants to vote has, I will resurrect this thread from whatever page it falls to by posting the answer.



"It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget, just as it will never produce enough jobs or enough profits. Surely the lesson of the last decade is that budget deficits are not caused by wild-eyed spenders but by slow economic growth and periodic recessions, and any new recession would break all deficit records."
far too intelligent for bush, that kind of bullshit seems reaganesque but he is the father of bush's favorite reaganomics so the irony there would be awesome, i will guess JFK

(watch it be reagan, i'll check after this)

Every nut-job on Neo-Con radio played this JFK audio clip over and over last fall... too bad they don't share his opinion on discontinuing the Federal Reserve and the CIA.

I know who it is. Why? Because I cheated.
Ditto

i pity the moron who attributed that to bush, he is really not that damn intelligent

To me is sounded like JFK. I don't know why though.

I guessed JFK. I wasn't really aware that we had serious deficits before Reagan came along though, besides major wars and the Depression of course. I did know he cut taxes, with some economic success. But if you're trying to make a point here, remember that JFK's cuts went to the bottom, not the top, stimulating consumption. Reagan's and Bush's tax cuts for the rich have failed to eliminate deficits (causing them instead), and Bush's cuts haven't had any economic benefit.

I guessed JFK. I wasn't really aware that we had serious deficits before Reagan came along though, besides major wars and the Depression of course. I did know he cut taxes, with some economic success. But if you're trying to make a point here, remember that JFK's cuts went to the bottom, not the top, stimulating consumption. Reagan's and Bush's tax cuts for the rich have failed to eliminate deficits (causing them instead), and Bush's cuts haven't had any economic benefit.

In the case of Reagan, it was the massive and rather warranted spending on the military that caused the deficits. Seeing as how it caused the implosion of the Soviet Union, I find that it was worth it.

The deficits under W is much different. That is simply uncontrolled pork barrel spending by both parties. Also, everyone that pays taxes got a tax break under W.

To the Democrats deep dismay, it was there patron saint, JFK, who coined the quote above. Too bad many Democrats don't listen to him today. I guess they would rather remember the Camelot that never was.

I want you to vote on who said the words below and then post why you think it was that person. When everyone that wants to vote has, I will resurrect this thread from whatever page it falls to by posting the answer.

"It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget, just as it will never produce enough jobs or enough profits. Surely the lesson of the last decade is that budget deficits are not caused by wild-eyed spenders but by slow economic growth and periodic recessions, and any new recession would break all deficit records."


I did ... just now.

I thought it was Reagan... a recession in the previous decade, calling tax rates "restrictive," encouraging spending... sounds very Reagan. And was there a recession in the 50s? I never knew that...

isnt the US running record deficits right now with no real sign of economic slowdown? Sure there arent enough jobs but corporate profits and CEO salaries are climbing nicely. I tend to think JFK was wrong.

To the Democrats deep dismay, it was there patron saint, JFK, who coined the quote above. Too bad many Democrats don't listen to him today. I guess they would rather remember the Camelot that never was.
quote without substance arnt anything, and your throwing around quotes without substance

I guessed Reagan, too, knowing that he was an estute economist, as well as the recession in the previous decade! But it appears I am wrong. I too, didn't know of a recession in the 50's...

To the Democrats deep dismay, it was there patron saint, JFK, who coined the quote above. Too bad many Democrats don't listen to him today. I guess they would rather remember the Camelot that never was.
Different times and different situations--when JFK was president, the tax rates were based on the needs coming out of WWII. They hadn't undergone a major restructuring since that war had ended and they were truly punitive on the top income earners. That's certainly not the case today, and hasn't been since Reagan at the very least. It's hardly intellectually honest to quote Kennedy on this subject and not note the context in which he was making the comments.