Union Yes
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Sat Jan-30-10 09:47 AM
Original message |
Teach it in our schools: Communism has spent the past 28 years bailing out Capitalism. |
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Edited on Sat Jan-30-10 09:51 AM by Union Yes
Starting under Reagan, the borrow-athon started with Reagan's 1982 budget. Reagan slashed income taxes on super-wealthy Americans and combined that with massive increases in 'defense' spending. Reagan knew record annual budget deficits would result and pushed/signed legislation anyway. Reagan knew his new ultra-big government policies could NOT be funded after his massive tax cuts for the wealthy.
Reagan turned to Communism to began funding America's government. Communist China to be more specific.
Bill Clinton is the only President in the past 30 years to balance a budget. When Bill Clinton left office after his 8 year presidency in 2000, he left Bush 43 with record budget SURPLUSES. Clinton actually paid down our national debt. Clinton erased deficits, balanced our nation budget, and paid down our national debt.
Then the USSC handed Bush 43 the Presidency in 2000. Bush pushed for massive income tax cuts that erased budget surpluses almost overnight and immediately returned America to record annual budget deficits. Those income tax cuts went almost exclusively to the super-wealthy.
National debt in.. 2000- 5.5 Trillion dollars. When Bush left office in Jan 2009.. 2009- 12 Trillion dollars.
Bush more than doubled our national debt in his 8 year presidency. He even managed to outdo Reagan as far as fiscal recklessness, irresponsibility, and mismanagement goes. Bush 43 knew his reckless budget and massive tax cuts for the wealthy could NOT balance his federal budget.
Bush immediately turned to Communist China for a bailout. We returned to an era of borrowing from Communist China. That era has not ended and is still in full force.
Communist China has spent the past 28 years bailing out free market capitalism in America. Except for the few years during the Clinton presidency when we ran balanced budgets.
To China, America is now TOO BIG TO FAIL. To the tune of 12.5 Trillion dollars of debt.
Free market capitalism is a weak, unsustainable system that is forever in need of bailouts from either Socialism or Communism. It will always be that way.
If American citizens are weary of bank bailouts, think of how weary the people of China are from 30 years of bailing out American free market capitalism.
Communism has spent the past 28 years bailing out American free market capitalism.
Teach that fact in our schools.
Edit: When you hear a right winger bash on Socialism or Communism remind him/her that America would've collapsed without Communism funding America's fiscal recklessness.
Capitalism puts greed over country. A very unpatriotic view IMO.
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The2ndWheel
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Sat Jan-30-10 09:52 AM
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1. The worst of both worlds |
glitch
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Sat Jan-30-10 12:22 PM
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5. =Corporatism, the worst of all worlds. nt |
ThomWV
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Sat Jan-30-10 09:54 AM
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HughBeaumont
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Sat Jan-30-10 10:33 AM
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3. K & R. "Let Do" . . . DIDN'T. |
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Unbridled corporatism needs to die and FAST. American fiscal conservatives need to OWN up that this system is bullshit and need to GROW up FAST and get over themselves. Tax cuts for the rich resulted in ZERO net job growth this decade. Reaganites theorized and had faith in a moldy bill of goods. And now all of us are paying the price.You cannot strengthen the weak by strengthening the strong even FURTHER than they already are.
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Union Yes
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Sat Jan-30-10 10:54 AM
Response to Reply #3 |
4. The resulting proof and truth keeps rolling in. The verdict on supply-side trickle down economics.. |
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GUILTY.
Guilty of driving the American economy off a cliff to the point we may never recover.
Things that fall off cliffs go splat.
The damning evidence grows almost on a daily basis. Your reply is part of that growing and glaring evidence.
Free Market American Capitalism has not only brought America to it's knees, it's undoing the global economy.
Thanks for adding that very important and useful info.
Peace UY
:hi:
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Odin2005
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Sat Jan-30-10 12:39 PM
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6. China is Communist in name only. In reality it is Fascist. |
alcibiades_mystery
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Sat Jan-30-10 12:41 PM
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The US capitalist economy would have collapsed years ago if not for the ultimate stimulus program: defense spending. No serious person can claim that defense spending needs to be pegged at near half a trillion a year for 30 straight years. This level of spending is, in fact, nothing but a hidden stimulus program propping up a fast collapsing capitalism (the declining rate of profit - capitalism's key tendency - is hidden and deferred in this manner and others). That it has the additional benefit of actually producing a security apparatus is only gravy. Capitalist production was in collapse by the early 1970's. The massive influx of cash to military production is one of the primary components of propping up the so-called free market, which is a failure. Military spending has the additional benefit of distorting the structural (and increasing) unemployment of capitalist production by funneling (often the least) employable segment of the working class into government employment.
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anonymous171
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Sat Jan-30-10 01:05 PM
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8. So China is communist after all. |
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I will remember that next time some communist apologist on here tries the bs "CHINA WASN'T COMMUNIST" argument.
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Union Yes
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Sat Jan-30-10 02:58 PM
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9. China still operates under state communism. They have taken on a more capitalist tone economically.. |
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in the past few years.
But only in the past few years. Prior to that, hard line communism. State communism.
To any who thinks China is no longer communist, walk into Bejing square and yell..
Mao was born out of a pigs ass!
See what happens.
No don't. I wouldn't wish that on anyone but now they get the point.
China is still a communist nation that is allowing certian capitalist elements to exist within their economy.
Peace
:hi:
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Fri Apr 26th 2024, 11:52 AM
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