fiscalliberal.com - A WordPress Site – Just another WordPress site

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DomainsData.org: A WordPress Site – Just another WordPress site

Title:

A WordPress Site – Just another WordPress site
Age:

11 years old
Alexa Rank:
Total Sites Linking In (Alexa):

0
Domain's IP Country:

United States
Status Code:

OK
IP Address:

166.62.107.55
Description:
Keywords:

fiscalliberal.com Whois Information:

1.

Domain Name:

fiscalliberal.com
2.

Domain Age:

11 years old
3.

Name Server 1:

ns01.domaincontrol.com
4.

Name Server 2:

ns02.domaincontrol.com
5.

Created:

Saturday 05. February 2005
6.

Expires:

Sunday 10. September 2017
7.

Domain Registrar:

godaddy.com, LLC

Website Important Html Tags:

TAG
TEXT
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Note that the annual Federal Deficit was approaching 2 Billion, depicted in the red information at the end of the Bush administration.
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The Deficit for each year (red) is essentially the slope of the Debt. Deficits increase debt. This basically says that as a country we are living beyond our means.
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Note that the most control we had on debt was in the Clinton years. True the economy was good in those years, because of the increase in productivity of Labor and Capital. Most Â of this improved data Â was due to controlled spending using the Pay As You Go (PAYGO) discipline followed by Congress and the President.Â Â Â This is a simple concept followed by any prudent home budget. You decrease existing spending or raise taxes for new programs.
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David Stockman, Reagans Budget director (an ardent conservative) wrote in his book that Reagan would not rein in Defense and Commerce Cabinet Secretaryâs spending.
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George H W Bush continued the Reagan policies and the debt continued to rise. In the last year of his presidency, realized we were in trouble and he instituted a tax raise. Note the down turn of the deficit in his last year. Despite his popularity in managing the Gulf War, it is believed he lost the election to Bill Clinton because Republicans defected to Ross Perot or stayed home because of the Tax increase.
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Bill Clinton raised taxes again and the Deficit continued to come down. Despite the tax increase, the economy continued to flourish. Another factor was the PAYGO budget discipline regarding any increased Federal spending (
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As soon as Bush II took office the debt started exploding. This was due to a tax decrease, wars and an out of control Financial System. We will discuss how the financial failure happened later. The result of the financial failure left a devastated economy, dramatically decreasing receipts because people lost jobs, corporations failed. It drastically increasing the federal debt.
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The Obama administration inherited a failed war, a failed economy and a nonfunctional Financial System desperately in need of repair. But he asked for the job. Obama has made progress, however has been hampered by a dysfunctional congress and a blatant lack of understanding of the crisis we are in.
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In the Carter administration, revenues are pretty close to outlays, however was starting to diverge in the last year
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Under Reagan, Outlays / Receipts diverge substantially and note Surplus / Deficit stays negative at a consistent rate. There is no political will to close the gap. The Reagan Tax cut and increased Defense and Commerce spending are the main reasons for the disparity.
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Note in the 2
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Recent Posts
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Recent Comments
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Archives
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Categories
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Meta
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Tax cuts, Financial Crisis and War creates huge Federal Debt / Deficits
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We need to get the facts
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Table 7.1 Federal Debt
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WE HAD DEFINITE CONTROL OF THE FEDERAL DEBT IN THE CLINTON ADMINISTRATION
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Table 1.3 ReceiptsÂ Outlays and Deficit
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PresidentialÂ and Congressional Terms
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Conclusions from Deficit and Debt charts
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Total Debt
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Tax Cuts
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Borrowing
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FED Printing Money

fiscalliberal.com IP Information:

1.

Ip Address:

166.62.107.55
2.

Country:

United States
3.

Status Code:

OK
4.

Region Name:

Arizona
5.

City Name:

Scottsdale
6.

Zip Code:

85260
7.

Speed test:

19.2 ms

fiscalliberal.com Alexa Information:

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Top Keywords from Search Engines:
fiscal libreral

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