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Thread: Republican wins Democratic New York House seat

  1. #1011
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    Re: Republican wins Democratic New York House seat

    Quote Originally Posted by Conservative View Post
    Still waiting for an answer. How can a govt. running a 1.4 trillion dollar yearly deficit going to pay back the SS IOU's?
    I'm still waiting for one too from you.


    I don't expect to get one though.

  2. #1012
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    Re: Republican wins Democratic New York House seat

    Quote Originally Posted by Conservative View Post
    Tax collections now are 1.4 trillion in deficit so where is the money going to come from to pay for those Treasury bonds?
    Future need to pay for future SS recipients will be paid with future tax collection in addition to revenues collected from future SS FICA taxes. This is not rocket science. To tell me what is taken in today and how much it may be is irrelevant to the future. YOu do that by increasing FUTURE revenues. And i have no doubt that a self confessed conservative like yourself stands firmly behind the full faith and credit of the United States of America.

    Right?
    Last edited by haymarket; 09-19-11 at 07:29 PM.
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  3. #1013
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    Re: Republican wins Democratic New York House seat

    Quote Originally Posted by Conservative View Post
    You think the CBO is the checkbook of the United States? Stop buying this bull****. Here are the numbers from the bank account of the United States which is the official record. You really need to learn how the CBO works and their accuracy. They make you look foolish.

    Deficit by year. Show me the Clinton Surplus

    Government - Debt to the Penny (Daily History Search Application)

    1/20/1993 4,188,092,107,183.60
    9/30/1993 4,411,488,883,139.38

    10/1/1993 4,406,339,573,433.47
    9/30/1994 4,692,749,910,013.32

    9/30/1994 4,692,749,910,013.32
    10/2/1995 4,987,587,163,002.89

    10/2/1995 4,987,587,163,002.89
    10/1/1996 5,234,730,786,626.50

    10/1/1996 5,234,730,786,626.50
    10/1/1997 5,420,505,789,573.34

    10/1/1997 5,420,505,789,573.34
    10/1/1998 5,540,570,493,226.32

    10/1/1998 5,540,570,493,226.32
    10/1/1999 5,652,679,330,611.02

    10/1/1999 5,652,679,330,611.02
    11/1/2000 5,680,961,418,882.13

    11/1/2000 5,680,961,418,882.13
    1/19/2001 5,727,776,738,304.64
    Here's the year-to-year difference based on the source for your numbers ...


    chart1.jpg

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    Re: Republican wins Democratic New York House seat

    Quote Originally Posted by Conservative View Post

    What you and other liberals fail to understand is that SS surpluses are obligations that are due future retirees so using them steals from those obligations.
    What are using them for?

  5. #1015
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    Re: Republican wins Democratic New York House seat

    Quote Originally Posted by Conservative View Post
    Better think about what you are posting as you make a fool of yourself. Total debt does indeed include PUBLIC DEBT PLUS INTERGOVT. HOLDINGS. you really need to get back into school or pay attention while in school.

    As for the Clinton surplus where is that shown on the U.S. Treasury data? why doesn't a surplus reduce the debt?
    Do you think that repeating false information repeatedly makes it less false? It doesn't; it just makes you look more dishonest. Budget deficits concern the balance between BUDGETED items and revenue. They are calculated by looking at the debt held by the public -- not the gross debt. You can't make up your own definitions whenever it suits you. If you want to use gross debt you better go back and recalculate those defict numbers you keep citing for Bush.

    http://www.cbo.gov/budget/data/historical.pdf

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    Re: Republican wins Democratic New York House seat

    Quote Originally Posted by Conservative View Post
    Still waiting for an answer. How can a govt. running a 1.4 trillion dollar yearly deficit going to pay back the SS IOU's?
    The same way we funded the $7 trillion dollar and climbing deficit caused by the unfounded prescription drug bill passed in 2003 by the republican controlled congress. Borrow it from any willing lender.

    AP Enterprise: GOP Won't Touch Medicare Drug Plan | Fox News
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    Re: Republican wins Democratic New York House seat

    Quote Originally Posted by Conservative View Post
    Still waiting for an answer. How can a govt. running a 1.4 trillion dollar yearly deficit going to pay back the SS IOU's?
    the same way we paid for Iraq & Afghanistan?

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