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Summer is officially here. The heat, the humidity, the picnics, the beach,the pool, the kids out of school!
@Moon-howler
Congress did. This wasn’t a criticism of Clinton. This was a comparison of surpluses. They both borrowed money to pay for it. So, are both illusions?
yes. Both are illusions but….state is different than feds from a legal point of view. VA must have a balanced budget by law. Feds dont.
Additionally, the VA Constitution is fairly specific about the VRS trust fund. It certainly doesn’t permit it to be used as an ATM.
Good for McDonnell for prioritizing the payback. He has since said it shouldnt have happened.
Hey, I don’t care how much money a person makes. It’s how much do they spend that keeps the economy going. A wealthy person easily spends ten times more than a middle class person, and that goes to the people who make the products, and provide the services that they purchase. The making of a yacht, or private jet employs many people down the line. This provides jobs in the long run. If the wealthy took their money, and did nothing with it (which is their right), then I guess taxing them to death would seem to make sense, but they don’t. So how many people did you help employ today with your purchases? Besides, if the wealthy stop buying expensive items because the taxes prevent them, then guess what happens to those who use to make the products that only the wealthy could afford. Be careful what you wish for!
SA, I sure don’t see any signs of your theory at work these days.
In fact, quite to the contrary.
You assume that all rich people buy American.
Rich people buy what they want to buy and still have lots left over.
I am wondering what they gave you all to drink. All the rich people getting all the middle class men to defend them.
That is the mystery to me.
New York Times News Break:
Weeklong Rally Lifts Dow Index by 5.4%
American stock markets wrapped up one of their strongest weeks in two years with further gains on Friday, erasing their losses from earlier in June. An unexpected upturn in manufacturing and easing of concerns about a public-debt default in Greece were the driving forces.
The Dow industrials closed on Friday at 12,582.77, a gain of 1.36 percent for the day and 5.4 percent for the week, in preliminary figures. The broader S.&P. 500 did even better, gaining 1.44 percent on Friday and 6 percent for the week.
What do the nay-sayers say now?
Big Dog and Moon are each doing the money dance.
Wealth is relative. To a homeless person, YOU are wealthy!