AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
Pot, meet kettle. Besides, I already answered this question.Childish remarks? learn the difference between debt and deficit instead of being caught not knowing the difference and becoming defensive. Just admit it and we can move on.
There was no surplus under Clinton as evidenced by the fact that debt increased every year under his Administration. I suggest you do better research instead of buying what you are told by someone else. That only makes you look foolish.
Care to explain to me what that $236.2-BILLION dollar mark means? Or at least what the colors on the chart stand for?
You are twisting and distorting the numbers to suit your agenda. And again, it's crap like that why liberals and conservatives have very little chance of having a civil debate.Bush and Congress gave us a 5 trillion dollar debt in 8 years whereas Obama and Congress has given us a 4 trillion dollar debt in less than 3 years. Let me give you a few non partisan links.
Debt by year
Government - Historical Debt Outstanding – Annual
The Myth of the Clinton Surplus
So tell me those facts again?
The US government is mostly bound by its deficit that it passed the prior year. (Note: I am a bit shaky in terms of the exact lag time, but I know it is on the order of a year or so.) In other words, strictly from a budgetary point-of-view, how much we spend this year was mostly determined by what we budgeted back in 2010 (I think). Which, getting back to the OP, underscores one of the many follies of the debt ceiling crisis: Raising it merely gave the Treasury permission to fund that which Congress had already agreed to. It would be like an adult having to receive permission from her husband just to pay the bills that she was contractually obligated to pay.
Ignore me if you wish.
“In politics, stupidity is not a handicap.” -Napoleon
there are very few 60 second clickers who might post, for example, a link to a source from NEW SOUTH WALES
on behalf of SCHOOL TEACHERS
in NEW YORK CITY
http://www.debatepolitics.com/breaki...uesday-26.html (Petition to recall Wisconsin GOP Sen. Sheila Harsdorf to be filed Tuesday)
yup, those unions are doing a great job of protecting those jobs
that's why rahm called em in and FIRED EM on the spot
just like malloy in connecticut, which is as blue as it gets
that's why bing and bobb are ripping up collective bargaining in detroit