Doesn't part of that credit card include "interest?"
So here's the new rule:
Deficit spending is OK if we are involved in a war Wild Cobra approves of.
got it
Doesn't part of that credit card include "interest?"
What Bush deficits were paid back? Look at the debt when Bush Jr walked in and when he walked out. Also, there was no stipulation to pay back debt with the money. There's a recoupment clause to potentially prevent adding to the national debt. That's it.
And no, it all hasn't been paid back. $245 billion were invested in banks and so far only $169 billion came back. AIG still owes billions.
Not surprised you now support something you still know nothing about, though.
Debt interest payments are included in the budget. You know, the balanced budget that paid for such interests, and still spent less than what was coming in.
I see you are also part of that group ho lacks integrity, and a spinner. Yes, i am against this action against Libya. I would be if it happened under a republicans watch too.
Please note, the insignificant money we are supplying NATO and the UN with on this campaign against Libya doesn't matter. I have been consistent in my complaints about Obamacare and the bailouts.
Spin away, in that circle jerk all you want. Just leave me out of it. I want no part of your fantasies.
Again, yopu spin my intent. I'm not going to bother looking the numbers up again. Let's assume your $245/$169 is correct. Wasn't the bailout about $700 billion?
Correct me if I'm wrong, isn't $169 billion of $700 billion (24%), not allowed to go back into other spending, better than any of the plans Obama and the democrats authorized?
Then you are still lying, else the debt would not have increased.
Do you not understand that the last time the debt actually went down was under president Nixon?
The bulk of Obamacare doesn't really starts until 2014. What are your thoughts on the deficit spending of Medicare Part D, which will cost probably more than Obamacare?
I'm not lying
Do you understand that budget and debt are two different things?
You could have more income than expenses, and decide to use the surplus to give more to charity instead of paying off a credit card. Like Bush decided to use all that surplus to enact the tax cuts (paraphrasing, back then he said that money was better in American's pockets).
I feel like I'm talking to a 10 year old re . Maybe I need an analogy with parts?.![]()
But Obama's spending was during a recession, which is a deficit spending you approve of.
Or you're going to flip again in this very same thread?
It may not kick in till 2014, but corporations make their decisions based on the future. Lack of hiring employees and choosing to work employees like me 50-60+ hrs a week are one on the indications. As for part D. I am on record saying I don't mind footing the national bill for our seniors and handicapped. It is the able bodied workers who I want to see put back to work.
Why do you dislike the expenses for our poor, but champion the welfare state for able bodied workers?
So....
You are disingenuous in calling it a surplus then.
I don't care how you want to interpret it. There was no actual surplus.
I have originally stated that the only time I agreed with deficit spending was during times of recession and war. Once the debate of the 2008 bailout started, I was on record as opposing it. Not all recession spending is equal. If it was actual work projects that put money in the pockets of the working USA citizen, I would not have opposed it. Deficit spending to bail out the elite is never what my past general statement was intended for, and you have to twist my words to make such a jump.
Carry on Mr. Slanderer.
But this is another instance where reality doesn't agree with you. Unemployment is now lower than when Obamacare was enacted. It was actually higher before it was enacted. All in all, Obamacare hasn't changed much of anything when it comes to unemployment. Outsourcing predates Obamacare by a long mile.
False argument. Quote where I said I support welfare for 'able bodied workers'.
BTW, you still haven't answered the questions:
- Are we still at war in Afghanistan or not?
- You supported Barry's stimulus package during the recession?
Okay, so you're on the record agreeing with the current deficit spending.
Should've just said so and stop beating around the bush, tbh.
Wow, just wow. I don't know how to explain it any easier really.
I have to think this is really over your head.
Also, I gather you're calling Bush a liar when he said:
"We recognize, loud and clear, the surplus is not the government's money," he said. "The surplus is the people's money. And we ought to trust them with their own money."
It's just this simple.
Did the national debt decrease at any time under president Clinton?
You're asking the wrong question. We're not talking about debt, are we?
We're talking about a budget surplus.
This is the right question:
Did more money come in than what was spent at any time under president Clinton? And the answer would be YES.
You're joking, right?
The answer in "NO."
If the answer was yes, the debt would have decreased.
Where did you learn math?
The answer is YES...
1998:
Revenues: 1,721.7 bn
Outlays: 1,652.5 bn
Public Debt: 3,721.1 bn
1999:
Revenues: 1,827.5 bn
Outlays: 1,701.8 bn
Public Debt: 3,632.4 bn
2000:
Revenues: 2,025.2 bn
Outlays: 1,789.0 bn
Public Debt: 3,409.8 bn
2001:
Revenues: 1,991.1 bn
Outlays: 1,862.9 bn
Public Debt: 3,319.6 bn
link
The public debt would. Which it did. That's not the whole debt the government has though. And that's exactly why you're comparing apples to oranges.
Probably somewhere where they can tell the difference between debt and deficit/surplus. You should try going there sometime.
LOL....
When you get your credit card bills each month, do you ignore the interest charges?
No wonder the debt doesn't matter to you. You don't understand compound interest!
lol stuck on stupid talking about debt...
Did more money come in than what was spent at any time under president Clinton?
Yes or No. Simple question.
No.
Not a single year, after all costs were paid.
Every year the debt increased.
lol yes it was and you're just MAAAAD that you got called out on your bull .
Debt doesn't mean your obligation is to pay it on those years.
You can 'owe' Social Security that you'll have to pay many years later. That's debt, but not due in those years.
Obviously, I don't expect somebody that doesn't even have a basic grasp of what a surplus/deficit is to come to that realization.
BTW, if what you're disputing are the numbers, show me your revenue vs outlay numbers...
But the budget had a surplus. FACT.
You know, I can write a monthly budget for my household. I can write it such that I take my nominal income is more than I plan to spend. I have created a budget surplus for the month. But then I decide to buy things I didn't budget for. Maybe I didn't budget for the interest I pay for my car loan, house loan, and credit cards. If I continue to do so, at some point, I no longer have a surplus, but a deficit. However, my written budget didn't change, and still shows a surplus.
You can cherry pick all you want, and there can be one or more of several reasons that the actual expenditures exceed what was in the budget.
The bottom line is the final line. In that final line, the nation debt increased. You can deny the truth all you want, but the rest of us know it's true.
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