McCain: I'll Cut Deficits Like Reagan!
More unintentional hilarity from Grampy McSame:
"When Senator John McCain was asked here this afternoon how he plans to balance the budget, he said that he hoped to do so by stimulating economic growth - and approvingly cited the example of President Ronald Reagan," the New York Times reports.
And the buzzer goes 'BZZZZZZZZZZZ!!!!!!!!!!!!!!!!' See, as much as facts don't matter to Republicans, I pretty sure that holding up Ronald Reagan for his deficit cutting is not a good plan:
Reagan Tripled the National Debt...
For Tea Baggers supposedly concerned that "deficit spending is out of hand," history apparently began only on January 20, 2009. Because while President Obama rightly resorted to massive deficit spending to rescue the American economy from calamity, it was Ronald Reagan who ushered in the now-standard Republican practice of "spending our children's inheritance."
As Steve Benen rightly noted, it was not Reagan but President Obama whose stimulus plan delivered the largest two-year tax cut in history. And as it turns out, what Saint Ronnie giveth, he also taketh away.
As predicted, Reagan's massive $749 billion supply-side tax cuts in 1981 quickly produced even more massive annual budget deficits. Combined with his rapid increase in defense spending, Reagan delivered not the balanced budgets he promised, but record-settings deficits. Ultimately, Reagan was forced to raise taxes twice to avert financial catastrophe (a fact John McCain learned the hard way from Tom Brokaw last October). By the time he left office in 1989, Ronald Reagan nonetheless more than equaled the entire debt burden produced by the previous 200 years of American history.
Swing and a miss for McCain. Again.
I'm sure he'll nap like Reagan and "can't recall" like Reagan too.
"Anyone that makes less than $150K in this country, has no business voting Republican."
enable more Chimps (the Bush's, Dan Quayle, Palin) like Raygoon, too!
McCain walks off in a huff.
lol Love the photo. 'Oops! Did I just say that?' lol
Dang Lib & Proud you beat me!! :)
Palin was more qualified.
I don't know what to do with that statement.
It's making my brains hurt.
It is one of those rare LeftandLeft comments tinged with a sad recognition of simple facts rather than his usual angry rail against blatant injustice.
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
...that he kept this career fraud/failure and the stupid/wicked lady out of the White House.
America avoided a horrific head on collision in November 2008.
Btw Ricky, my first grade reference was for Republican/troll comprehension. :)
Though I think your point could be debated for a long time with reasonable people giving it to either one by a point or two.
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
Now you understand why McCain is grateful for his lapsing memory.
"Anyone that makes less than $150K in this country, has no business voting Republican."
when it happened, the McCain Palin administrtation might have been avoided.
Article Linked:
The Huffington Post
First Posted: 04-10-08 08:52 AM |
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
I'm sure she meant to post it under newstalgia.
Sometimes those dust bunnies hang around for a long time.
http://www.youtube.com/watch?v=vkpylTgPjqY
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
Hey, that was first posted on my birthday in 08.
Leave Nicole alone, you carrot head! She already has to do a zillion Hail Marys for speaking ill of the Great Saint Reagan.
Say what you mean. Mean what you say. But don't say it mean.
Rick's a ginger boy?
No, my dog has a toy carrot named after Ricky. I guess you had to be there. :)
I don't even know what a "ginger boy" is.
Say what you mean. Mean what you say. But don't say it mean.
http://flimmr.passagen.se/movie/south_park_gi...
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
Think I'll pass watching. Just tell me if it's a bad thing or a good thing.
Say what you mean. Mean what you say. But don't say it mean.
A ginger kid is a red head.
Don't worry I just learned that in the last couple of years.
PS POP, that is classic you named an animal toy after one of your fellow commenters.
This little carrot is plush and orange. It has a big smile embroidered on it's face and since Ricky makes me laugh so much, it just had to be named Ricky. When I tell Martini to go get Ricky he searches all around until he finds that little toy.
Say what you mean. Mean what you say. But don't say it mean.
to this great country of ours. Or education. Or the LGBT movement. Or fat kids.
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
As I have said many times, its one of the most insidious lies that the right tells and millions of their followers believe. Tax cuts have never and will never ever ever increase revenue and reduce deficits. Supply side economics will never work for the majority of people and will never work. It will, how ever, move masses of money from the middle and lower income brackets to the top 5%. I have never understood how that such a hard concept to except. When Republicans say they have the best interest of average americans in mind they are telling be fat LIES!
McCain: I can fu ck things up as bad as Reagan did.
As soon as he chases UBL to the gates of hell and captures him.
Say what you mean. Mean what you say. But don't say it mean.
for a massive financial collapse that very nearly instigated a depression but, honestly, if that hadn't happened CFIT McCain might have been president. That doesn't bear contemplation. The almost horror. The almost horror.
Hasa Diga Eebowai
That collapse is not over. We are not out of the woods by a long shot. I still feel McCain's financial strategies would have been nearly identical to Obamas. Corporate bailouts, tax incentives to huge businesses, hollow, meaningless reform, etc. neither party is on our side, financially speaking, IMHO.
consider that obama is increasing the DoD's budget while talking about freezing spending on domestic programs. very reagan-esque.
That is the real scary part about this.
Sure you can print lot's of money to stay afloat for awhile; but, what happens when the option to print more money to stay afloat goes away.
Then you have an even Greater Depression.
always mucking up GOP talking points...
out loud?"
More like, did I do that out loud?
Say what you mean. Mean what you say. But don't say it mean.
George Bush Sr. called Reagan's economic ideas "Voodoo Economics"
The moral of the story is this;
Even a broken watch is right twice a day.
Ummm...he'll double them?...
Diabolus est Deus Inversus
McFail
what McCain would have done including McCain. He contradicts himself with just about every statement he makes and that is what would have made him such a disastrous president. It is apparent that he has no principals beyond political expedience and no wisdom to draw on, despite his age, because he has no knowledge. He picked Palin for two reasons, he thought he'd get a needed bump in a key demographic and, more importantly, he recognized a kindred soul, someone like himself, who succeeded despite the handicap of ignorance.
Hasa Diga Eebowai
In the GOP it's called, "a winning edge".
Succeeding while ignorant may very well describe all republican elected officials.
http://www.cbsnews.com/video/watch/?id=677927...
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
What is with this guy? He already admitted that "economics is not his strong suit." So why does he keep doing shit like this? By the way that picture makes him look like a pig. Or is it just me? Looks like his wife came back.
How does anyone this stupid manage to keep getting re-elected?
Since 1953 no US Senator from Arizona has been defeated for re election.
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
I wonder if it has anything to do with the fact that any imbecile in the State of Arizona can carry an unconcealed weapon.
"Anyone that makes less than $150K in this country, has no business voting Republican."
Republicans tell the tale of the great WEALTHY PARADISE, from being there already. They convince the average yokel that someday, maybe, with great hard work and perhaps a little luck, they too can leave the unwashed masses behind and get a key to the executive washroom. When that day comes, they intone, wouldn't they prefer to be able to keep all their wealth and to just get oodles more? If that's the case, and honestly current-yokel, how could it not be, hmm?, well then, they should support these policies and vote for the folks that present them.
It's absolutely brilliantly effective. "You're not us now, but someday you *could* be so we're really just preparing the place for you when you get here." Leaving the yokels to never fully understand that the policies going into effect immediately take whatever money they've got thus virtually guaranteeing they'll never get that key. But the little voice(s) in their heads are already saying, "but someday, you'll be there and you wouldn't want your wealth going to DFHs would you? No, not at all."
they were talking about wealth disparity in the U.S. They said the leading (and really, only) indicator of one becoming wealthy in the U.S. is being born into a wealthy family. Then they backed it all up with statistics.
So if you've got all the ability in the world, but come from a poor background your basically screwed. And if your just middling but come from a wealthy background your future is basically assured.
Of course, there are exceptions to the rule, but in such insignificant numbers that this rule is basically cast in stone.
Only republicans are dumb enough to believe they'll get to join the rich man's "whites only" country club.
This is the sad thing about politics, a good person compromises for political gain and loses dignity. Politics is a game for fools.
www.molochtheputocracy.us
Enjoy some political satire above, DonJon.
From the conservative CATO Institute, August 1982.
"Soaring military spending for overseas commitments and the refusal to make significant cuts in most major domestic programs have created the worst deficits in American history. The administration optimistically projects deficits of $104 billion in 1983 and $84 billion in 1984, allowing itself to at least claim to be "on the right track." The Congressional Budget Office offers a somewhat bleaker picture: deficits of $116 billion in 1983 and $105 billion in 1984. One of the most disturbing aspects of the situation, of course, is that the estimates are getting worse. Last September, for instance, the Office of Management and Budget predicted a 1983 deficit of $72 billion. Its April prediction was $102 billion. At the end of July Treasury Secretary Donald Regan offered a projection of $110-$114 billion."
"With all the heated arguments about Reaganomics in the last year and a half, the following may seem a startling assertion, but it is true: There is no Reaganomics. There is a new style of rhetoric in Washington, a lot of talk about tax cuts, getting the government off our backs, reducing the size of government. But it is all talk. Taxes and spending are going to be higher every year. The rhetoric is different. The policies are the same."
"The Reagan administration's own prediction is that federal spending will increase by about $73 billion in 1982 and by another $37 billion in 1983. Spending in FY 1983, the first real Reagan budget, will be about $110 billion higher than President Carter's last full budget. Outside estimates, of course, are for even higher spending."
http://www.cato.org/pubs/pas/pa013.html
Reagan went on an irrational spending and tax cutting spree. As you can see from the quotes above Reagan started spending in 1982 and 1983, well after the "Carter" recession was over. The recession of the early 1980s began in December 1980 and end by November 1982. So hard to see that Reagan did the same thing that Obama is doing in terms of emergency spending. Reagan just spent and taxed cut like a drunken sailor after the recession was over. It was the hard decisions that Paul Volcker made that smashed the inflation of the 1970s that largely was responsible for the recession of the early 1980s, but ultimately set the economy up on a glide path for the economic growth in the 1980s. Then Reagan put the peddle down on spending and tax cuts which drove the economy even higher, but at the cost of massive deficits and debts, little productivity gain and a very wide gap between the haves and have-nots. It was a Reagan economy built on a fraud. Just like Bush's economy or lack of economy in the 2000s. This is always the experience with Republicans. Use the credit card to get a economic party going, but leaving it to Democrats to have pay the bill and clean up the mess.
http://www.youtube.com/watch?v=nsO7Xr6njMA
Diabolus est Deus Inversus
Starving the Beast is the conservative plan to spend so much money when they're in office (on unjustified military spending and funneling cash to cronies) that when they are ousted from power they put the Democrats in a bind. The way deficit spending works under the Republican model is nothing less than stealing from the budgets of their lawfully elected successors.
Wikipedia: Starve the Beast
This is only one of the many undemocratic things that Republicans do on a regular basis - down there with stacking the SCOTUS and DoJ and changing the rules of the Senate every time power changes hands. Like all elitists they can only function if there is one set of rules for everybody else and another for themselves.
"In theory theory and practice are alike. In practice they are very different."
You do understand, given today's conservative movement, including the climate at CATO, that this document has been locked in a vault or burned.
Reagan is becoming a mythical figure, with a whole new set of "facts" about his legacy, cooked up by right-wing nutjobs. He was conservative, but not 21st-century fascist-crazy conservative like today's FOX news clown troop.
A recent in interview I saw is a case in point. Some loud-mouth Repug bitch telling Ron Reagan, Jr. that she (who never met Ronnie) knows his father better than he did.
Listen to Palin talk about him. Total bullshit. I remember Reagan well. Today he would be called a RINO or worse.
The whole religious complexion of the modern world is due to the absence from Jerusalem of a Lunatic Asylum. -Havelock Ellis
The link to this needs to be spread far and wide...evidence on all counts, present and historical, why the Republican party is not an answer.
Let's help make it go viral....especially to independents and tea partiers.
makes for a fast spreading viral link.
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
Nothing has changed. There are still people out there who think today as McCain did and still does, apparently.
And nothing has changed with the Republican party. Which is the point.
Here is another Republican hoping enough of us aren't alive who remember what Reagan did to this nation fiscally and economically. As Harry Reid said last week at the HCR summit, you're entitled to you opinions Mr. McCain, but you are not entitled to your own facts. Sometimes I think these people forget there is a such thing as videotape and newspapers. We know the fiscal wreck Reagan put upon this nation, and the fact he and "W" ran up more debt than all other presidents in US history is not lost on us. We are still living with the deficits and debt run up by those two presidents. Reagan also began the drive towards free trade policies that have decimated the nations industrial base. Reagan is often cited as a great president because he caused the Berlin wall to fall, and he restored optimism in the American dream. Well history has informed of us the CIA's inability to see the coming fall of communism, no matter who was in the White House, and "Good Morning America", Reagan's famous saying, only applies to the rich and well connected he assisted while in power. He lowered taxes on rich people and raised taxes on working people. He signed GATT which began the selling out of America's workers, and the PATCO strikes led to Reagan firing all airline workers and effectively killing that union. Boy that went well, look at how safe America's airlines are today. So, Mr. McCain, get a fucking life. Republicans have been the worst stewards of America's fiscal house, and no matter how many times you people try to rewrite history, you can't!
Doesn't seem like it. But really since 2000 all republicans feel they can lie without consequense and do.
republicanism/conservatism is a mental illness and it has destroied the economy the morals and the sanity of America!
..so long as the Lamestream Media never holds their feet to the fire over it. I'm sure McCain could go on FOX, CNN, MSNBC then tour the networks with this lie without any of the so-called 'journalists' their ever pointing out that it is utterly false.
-- Edward R. Murrow
The problem is, they have all become accomplices to what amounts to treason. The Republicans are in effect conducting economic warfare against the country for their multinational corporate masters.
"In theory theory and practice are alike. In practice they are very different."
The media, which was supposed to work to keep power in check, has failed. When it is revealed that a particular reporter agreed to quash a story, they should never be allowed to work as a journalist again.
Today, I learned that Lesley Stahl is not to be trusted.
86 was a little late to anything about Reagan-except impeachment-but if the story had been published, maybe we wouldn't have had any Bush presidencies.
I pledge allegiance to the Constitution of the United States of America, and to the republic which it established, one nation from many peoples, promising liberty and justice for all
McCain threatens to TRIPLE deficit!! That is how progressives should be shouting this news.
I have an idea on how to pay for the many programs the GOP now wants funded - restore some of the taxation they removed. And put the blame for much of the fiscal mess where it lies - directly on their shoulders.
that is based on a two year old quote.
Say, are there any updates on those recent killing in your neck of the woods at the Stones concert?
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
but it's more like beef jerky since it is so aged.
It is disingenuous or ignorant of the OP to present this story as if it is NEW news. This is a 2 year old quote and it should be labeled as such.
I don't come to C&L to see recycled 2 year old Huffington posts...
fell for it since it was pointed out an hour ago.
"I mean Romney is the most conservative on illegal immigration and I don't think Ronald Reagan could get elected in California today."
Ann "Clipped" Coulter
And amazing that some are still gnawing on it, rather than moving on to the next piece of jerky
I couldn't think beyond "Oh stfu and move on."
me-oww!
all Reagan did was cut social services, like he did in CA. I'd laugh, but when I think of the millions of people it fucked up and over, and the mentality that fuels this kind of bullshit, I just want to cry.
me-oww!
http://www.youtube.com/watch?v=ysxlWz0ya-Y
Diabolus est Deus Inversus
made another ooopsie.
Grandpa McBoomboom
"Anyone that makes less than $150K in this country, has no business voting Republican."
The Dependinator!™
The comments I read are so upside down. Once you make the bridge to the consideration that Reagan made a string of record deficits (and a pretty hefty recession while he was at it) you are only half way to remembering that Reagan raised taxes to cut his own deficits. This is both true and not the sort of thing Republicans and their fringies are particularly comfortable dealing with. While it is problematical to see people wish so hard that they loose track of reality, it is also a place where an opportunity to send them packing awaits those who will pay attention.
That'll teach me to sniff my hand after wanking my wee-wee...
Diabolus est Deus Inversus
he isn't even TRYING anymore, is he?
Thank God for daddy and a media that turned a screw up into a hero huh McCain ? If you had to rely on brain power you'd been SOL , that is for certain .
I know McCain is really old but he does know that Reagan created a record debt and spending during his time in office. Just because Bush Jr managed to surpass it doesn't suddenly mean it didn't happen.
But then we are talking about the new annoited Whore of the Senate (someone had to replace Ted Stevens). At this point is there nothing he isn't willing to say or do for a few votes and dollars? The man is now so far removed from integrity that even Republicans should be relieved he didn't win the election.
99.999% of republicans believe these lies.
Republicans are liars and simply cannot be trusted.
Comments are closed on this entry