From: mykes@amiga0.SF-Bay.ORG (Mike Schwartz)
Newsgroups: comp.sys.amiga.advocacy
Subject: Re: Perot ?
Date: 13 Aug 92 12:52:51 GMT
Organization: Amiga makes it possible
X-NewsSoftware: GRn 1.16f (beta) by Mike Schwartz & Michael B. Smith

In article <Bswuos.LMn@starnine.com> mikeh@starnine.com (Mike Haas) writes:
> In article <3497@faatcrl.UUCP> jprad@faatcrl.UUCP (Jack Radigan) writes:
> >TomK@cup.portal.com (Tom R Krotchko) writes:
> >
> >
> >>Repeating "voodoo economics" does nothing to obscure Reagan's
> >>failure was *not* one of lowering taxes: in fact, revenues
> >>climbed *dramatically* during Reagan's tenure. The failure was
> >>one of spending.
> >
> >  No shit.  The argument was that conservatives were fiscally of sound
> >mind while liberals are not.  Deficit spending is not a smart way of doing
> >things, hence the term Voodoo Economics.
>
> I believe that Congess defines the budget.
>

The president submits his budget PROPOSAL on the first Monday in Feb.
Congress goes through a several-step process of defining the budget
from that point on.  The fiscal year starts in October...

> >
> >>Its time to acknowledge that spending more money on *anything* isn't
> >>a good idea. Its time for someone with guts to say "hey folks, we've
> >>overspent for the past few years. Its not fair, but there will
> >>no increases in nuthing for the next few years".
> >
> >  That much is painfully obvious.
>
> It is not at all obvious.  There are 28 third-world countries
> that are close to or already have nuclear weapons capability.
> Two of them are expeected to aquire them this year.  The majority of
> these guys are dedicated to the destruction of westernism and
> judeo-christianity.
>

Our strength IS a deterent.  We haven't had hostile troops on our soil
since 1812.  I'd like to keep it that way.

> The world is now a more dangerous place than at any other time in history.
> This is no time to cut the defence budget by 90%, as Clinton
> proposes.
>

I haven't heard him make this claim.  If so, he's even more scary
than I ever imagined!

> >
> >>The deficit will disappear in 2 years, I predict.
> >
> >  Ok, Carnak, I'll check back in two years... ;-)
>
> Yup. I agree it will take magic to fix it within 20 years.
> We currently borrow money to pay the interest... 30% of every
> dollar this country borrows (from foriegn lenders) immediately
> goes right out of the country again.
>

defecit != debt.  The defecit is on the order of $400Bil for
FY 1992.  If we DOUBLED EVERYONE's taxes (double/everyone)
we would raise just about that much revenues, assuming we
don't go into a massive depression first :)

> If you stack $1000 dollar bills, a million bucks gets to 4 inches.
> A billion bucks reaches 330 feet.
> The deficit towers 180 miles, and it's growing every day.
>

defecit != debt :)

The defecit towers 400x330 feet.  That's ONLY 25 miles :)


> 15-20 years ago, this country was the biggest creditor nation
> in the world.  We are now the  largest debtor nation.
> Thanks, congress.
>

Put the blame where it belongs!  Congress!  Congress!  Congress!
Anyone wonder why 150-200 congress critters will lose their jobs
in 1992?

> 2 years?  I don't think the deficit will even begin to
> level off by then.  Our children will be paying this off,
> as well as their children.
>

defecit != debt :)

I've posted this before, but if you DOUBLED EVERYONE's taxes,
it would take 15-20 years to pay off the DEBT.

> We aren't willing to do what is necessary to BEGIN to attack this
> problem... 70% of the current federal budget is entitlements.
> Our politicians are too worried about being re-elected.

I also posted this before, too.  41% of the 1992 budget went for
"payments to individuals".  This includes entitlements.

Here's some fun data:

Congress employs 59,000 people at a cost of $2.8Bil per year.
That's 59,000 people to support 535 senators and representatives.
$5Million per senator/representative budget.



--
Amiga programmer of: GRn, MailMinder, Budokan, Beyond Dark Castle, Dark Castle
Sega Genesis programmer of: Dick Tracy and Marble Madness.
Mike Schwartz  (ames!zorch!amiga0!mykes or mykes@amiga0.sf-bay.org)
1124 Fremont Ave.
Los Altos, CA 94024
Newsgroups: comp.sys.amiga.advocacy