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<blockquote data-quote="The Other Side" data-source="post: 972683" data-attributes="member: 17969">The real culprit for our problems 9five is Ronald Reagan.&nbsp; He allowed corporations to beging to OFFSHORE corporate offices and avoid taxes alltogther.&nbsp; Along with BUSH 1 who extended the concept by signing nafta into law allowed companies to leave the USA and never again pay any taxes.Now, had this not happened, our treasury would be stocked piled with money, social security would be solvent, medicare and medicare would be able to cover costs with the collected tax revenues over all these years.Instead, a slow death was on order.&nbsp; Inch out corporations to other countries eliminating huge tax revenues, and then over time, using congress to provide shelters and tax loopholes and presto in 2012 we have deficits!In short order, Reagan CUT taxes and left a 3.7 trillion dollar deficit for BUSH.&nbsp; In order to prevent that from being worse, he took almost a trillion out of the social security fund to pay for his defense spending.Add BUSH 1 and that deficit goes to 5.5 trillion just before he had to raise taxes and bring it back to 3.5 trillion.You see 9five, we cant send all of our manufacturing and industrial sectors overseas without paying the price for the loss of the revenue they pay in taxes.&nbsp; BABA called it &quot;Sound financial management&quot;&nbsp; when you hide money overseas but he never mentions what happens to the country when that revenue disappears.We would be in a great position as a country had the republicans over time not insisted on sending all of our two biggest sectors to foriegn lands.PeaceTOS</blockquote>

[QUOTE="The Other Side, post: 972683, member: 17969"] The real culprit for our problems 9five is Ronald Reagan. He allowed corporations to beging to OFFSHORE corporate offices and avoid taxes alltogther. Along with BUSH 1 who extended the concept by signing nafta into law allowed companies to leave the USA and never again pay any taxes. Now, had this not happened, our treasury would be stocked piled with money, social security would be solvent, medicare and medicare would be able to cover costs with the collected tax revenues over all these years. Instead, a slow death was on order. Inch out corporations to other countries eliminating huge tax revenues, and then over time, using congress to provide shelters and tax loopholes and presto in 2012 we have deficits! In short order, Reagan CUT taxes and left a 3.7 trillion dollar deficit for BUSH. In order to prevent that from being worse, he took almost a trillion out of the social security fund to pay for his defense spending. Add BUSH 1 and that deficit goes to 5.5 trillion just before he had to raise taxes and bring it back to 3.5 trillion. You see 9five, we cant send all of our manufacturing and industrial sectors overseas without paying the price for the loss of the revenue they pay in taxes. BABA called it "Sound financial management" when you hide money overseas but he never mentions what happens to the country when that revenue disappears. We would be in a great position as a country had the republicans over time not insisted on sending all of our two biggest sectors to foriegn lands. Peace TOS [/QUOTE]

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