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Democrats threaten violence on Michigan House floor

The Federal Reserve prints money, the bank account of the U.S. collects money and pays bills. That isn't what the CBO does. You ought to know better.

Are you telling me that the fed hasn’t been injecting fiat currency into our banking system since the bank bailouts?whoda thunk.:shock:
 
Comon fenton jump in here,con is getting tired carting the load.
 
Are you telling me that the fed hasn’t been injecting fiat currency into our banking system since the bank bailouts?whoda thunk.:shock:

Irrelevant, what does that have to do with the debt and the deficit or surplus? You seem to have a problem understanding what the budget of the United States is and how it is funded. It has already been shown to you that you don't understand what the CBO does or what the TOTAL Deficit and Debt means or how it is created.
 
Comon fenton jump in here,con is getting tired carting the load.

You are doing a great job committing political suicide and other liberals don't want to commit it with you. Most here know how wrong you are and the last thing another liberal wants to do is admit it.
 
Irrelevant, what does that have to do with the debt and the deficit or surplus? You seem to have a problem understanding what the budget of the United States is and how it is funded. It has already been shown to you that you don't understand what the CBO does or what the TOTAL Deficit and Debt means or how it is created.


Im still trying to pry outta you how the “Tax Reduction Act was a“significant, second term bill“when employment and therefore tax collections woullda went down relative to Clinton’s first term where employment actually went up-when TAXES WERE raised.:peace
 
You are doing a great job committing political suicide and other liberals don't want to commit it with you. Most here know how wrong you are and the last thing another liberal wants to do is admit it.

SHUCKS! I guess i sceered him off.I was hopen to get some youth into this thread instead of us two ole farts stinkin it up.Damn.:(
 
Im still trying to pry outta you how the “Tax Reduction Act was a“significant, second term bill“when employment and therefore tax collections woullda went down relative to Clinton’s first term where employment actually went up-when TAXES WERE raised.:peace

You don't understand what spendable income is and what percentage of GDP is consumer spending, that is understandable. The tax reduction act of 1997 led to economic activity and when exactly was that supposed surplus under Bill Clinton?
 
You don't understand what spendable income is and what percentage of GDP is consumer spending, that is understandable. The tax reduction act of 1997 led to economic activity and when exactly was that supposed surplus under Bill Clinton?

E21-debt-chart.png


Seeing as words have no effect,maybe with luck this image will somehow strike an accord tonight...sadly its not in crayon though.:(

If its as you say that "The tax reduction act" led to economic activity when it was passed in 1997 then why didn't we get more of bump out of it then the one % that we got.AND it stands to reason that george two sticks woulda got a bit of a bump as well,instead it went in reverse for poor george.:peace
 
E21-debt-chart.png


Seeing as words have no effect,maybe with luck this image will somehow strike an accord tonight...sadly its not in crayon though.:(

If its as you say that "The tax reduction act" led to economic activity when it was passed in 1997 then why didn't we get more of bump out of it then the one % that we got.AND it stands to reason that george two sticks woulda got a bit of a bump as well,instead it went in reverse for poor george.:peace

The economy was weakening when Bush took office. The only thing that allowed us to avoid a major recession throughout his term was the housing bubble allowed people to use their homes as an ATM. I thought Bush was an economic idiot, but the housing bubble rising never created a public demand to save non-Wall Street manufacturing that attracted his interest from the wars. I, to this day, have no idea how he managed to get re-elected.
 
The economy was weakening when Bush took office. The only thing that allowed us to avoid a major recession throughout his term was the housing bubble allowed people to use their homes as an ATM. I thought Bush was an economic idiot, but the housing bubble rising never created a public demand to save non-Wall Street manufacturing that attracted his interest from the wars. I, to this day, have no idea how he managed to get re-elected.

He got reelected by the Supremes.
 
He got reelected by the Supremes.

That would have been his election, not his re-election. It was because the media refused to scrutinize him on Iraq as it was going south until after the election IMHO.
 
E21-debt-chart.png


Seeing as words have no effect,maybe with luck this image will somehow strike an accord tonight...sadly its not in crayon though.:(

If its as you say that "The tax reduction act" led to economic activity when it was passed in 1997 then why didn't we get more of bump out of it then the one % that we got.AND it stands to reason that george two sticks woulda got a bit of a bump as well,instead it went in reverse for poor george.:peace

When was that supposed Clinton surplus and how did it happen during a tax cut? In addition do you know what a projection is? Read the title of your chart? Please explain to me how the Federal Govt. got record tax revenue in 2007 during the Bush tax cuts? Tell me how revenue grew during the Clinton years AFTER the Tax relief act of 1997? Tell me how Federal Income Tax revenue increased 60% during the Reagan tax cuts? So many questions and so few answers
 
Awe, Whipsnade misses me ?

Well whip in your simplistic description of the Fed dumping let me add that yes the Fed is buying Treasuries and Toxic mortgage backed securities to try and take the load off the baks so they'll loan and keep interest rates low to inecentivize lendies. Bernake's a student of the depression and understands that a credit freeze essentially prolonged its destruction.

Problem is its not working, not even a little as Fed programs like paying banks interest on reserves AND low interest rates give banks little motivation to lend.

Banks are currently holding on to a record amount of reserves as they sit back and get paid interest to horde money and the Fed policy of high capital requitements makes tallying up those reserves and keeping them actually a lawful condition of running a bank.

Savy ? Bernake's between a rock and a hard place appointed by a President who's put a bullseye on the private sector.

No demand, no loans, no growth, higher unemployment and more spending to counter Obamas disastrous economic policies.

Here's the kicker. Treasuries have leveled off and as soon as they start dropping the Feds gonna bow out as interest rates climb.

Just a few upticks in interest on short term bond yields and you can add another 500 billion or more to our yearly defecit with the Fed out of the picture.

Hell, interest rates will go up eventually anyway. Who's going to buy our debt then ?
The Fed owns 70% of it now ?

We were supposed to have growth with Obama care . Remember ? GDP @4% ?

But with a president who so fundamentally defined by a bankrupt agenda NO growth is coming our way.

And 60mill voted for the guy.....

It shows that our destiny is being engineered by the least knowledgable of our electorate.
 
When was that supposed Clinton surplus and how did it happen during a tax cut? In addition do you know what a projection is? Read the title of your chart? Please explain to me how the Federal Govt. got record tax revenue in 2007 during the Bush tax cuts? Tell me how revenue grew during the Clinton years AFTER the Tax relief act of 1997? Tell me how Federal Income Tax revenue increased 60% during the Reagan tax cuts? So many questions and so few answers

There was a BUDGET surplus and even the US Treasury backs it up as has been shown.

Why do you continue with these same lies?
 
There was a BUDGET surplus and even the US Treasury backs it up as has been shown.

Why do you continue with these same lies?

Half of the budget had a surplus the other half had a deficit and there was more deficit than surplus thus the U.S. Debt and debt service rose.
 
Half of the budget had a surplus the other half had a deficit and there was more deficit than surplus thus the U.S. Debt and debt service rose.

Okay Ill bite. What in the world are you talking about?

BTW debt service is lowest it has been in a long time over the past four years.
 
Okay Ill bite. What in the world are you talking about?

BTW debt service is lowest it has been in a long time over the past four years.

You ought to do some better research to find out what makes up the debt and then you will find out what I am talking about.

Debt service is based upon the interest rates and record low interest rates have kept debt service lower but it is still the fourth largest expense to the Federal Govt. and is money that serves no purpose other than to fund borrowing for needless spending.
 
Awe, Whipsnade misses me ?

Well whip in your simplistic description of the Fed dumping let me add that yes the Fed is buying Treasuries and Toxic mortgage backed securities to try and take the load off the baks so they'll loan and keep interest rates low to inecentivize lendies. Bernake's a student of the depression and understands that a credit freeze essentially prolonged its destruction.

Problem is its not working, not even a little as Fed programs like paying banks interest on reserves AND low interest rates give banks little motivation to lend.

Banks are currently holding on to a record amount of reserves as they sit back and get paid interest to horde money and the Fed policy of high capital requitements makes tallying up those reserves and keeping them actually a lawful condition of running a bank.

Savy ? Bernake's between a rock and a hard place appointed by a President who's put a bullseye on the private sector.

No demand, no loans, no growth, higher unemployment and more spending to counter Obamas disastrous economic policies.

Here's the kicker. Treasuries have leveled off and as soon as they start dropping the Feds gonna bow out as interest rates climb.

Just a few upticks in interest on short term bond yields and you can add another 500 billion or more to our yearly defecit with the Fed out of the picture.

Hell, interest rates will go up eventually anyway. Who's going to buy our debt then ?
The Fed owns 70% of it now ?

We were supposed to have growth with Obama care . Remember ? GDP @4% ?

But with a president who so fundamentally defined by a bankrupt agenda NO growth is coming our way.

And 60mill voted for the guy.....

It shows that our destiny is being engineered by the least knowledgable of our electorate.

See con,like i told you ,if we used the right bait we could revive this sorry ass thread.
 
You ought to do some better research to find out what makes up the debt and then you will find out what I am talking about.

Debt service is based upon the interest rates and record low interest rates have kept debt service lower but it is still the fourth largest expense to the Federal Govt. and is money that serves no purpose other than to fund borrowing for needless spending.


So basically you are just going to bull**** here. And if this is a big concern of yours you should be happy since it is going down under '06 levels:

2012 $359,796,008,919.49
2011 $454,393,280,417.03
2010 $413,954,825,362.17
2009 $383,071,060,815.42
2008 $451,154,049,950.63
2007 $429,977,998,108.20
2006 $405,872,109,315.83

Government - Interest Expense on the Debt Outstanding
 
So basically you are just going to bull**** here. And if this is a big concern of yours you should be happy since it is going down under '06 levels:

2012 $359,796,008,919.49
2011 $454,393,280,417.03
2010 $413,954,825,362.17
2009 $383,071,060,815.42
2008 $451,154,049,950.63
2007 $429,977,998,108.20
2006 $405,872,109,315.83

Government - Interest Expense on the Debt Outstanding

So tell me benefit does that interest expense do for the American people? The fourth largest expense to the taxpayer and because it is lower now due to record low, almost zero interest rates, that is ok with you. You are part of the problem not part of the solution.
 
So tell me benefit does that interest expense do for the American people? The fourth largest expense to the taxpayer and because it is lower now due to record low, almost zero interest rates, that is ok with you. You are part of the problem not part of the solution.

You where just bitching about how high it was. And I showed it is now lower. So you tell me.
 
So tell me benefit does that interest expense do for the American people? The fourth largest expense to the taxpayer and because it is lower now due to record low, almost zero interest rates, that is ok with you. You are part of the problem not part of the solution.

Now would be the prime time for another GIANT STIMULUS to fix our ageing infrastructure while the interest rate is essentially zero.Sadly we have the donothings in the house blocking anything the Prez wants to do.
 
You where just bitching about how high it was. And I showed it is now lower. So you tell me.

I am bitching that it exists at all and how little it serves the American people. I have already said that Bush spent too much money but that doesn't justify Obama putting Bush spending on steroids
 
Now would be the prime time for another GIANT STIMULUS to fix our ageing infrastructure while the interest rate is essentially zero.Sadly we have the donothings in the house blocking anything the Prez wants to do.

Still waiting for those shovels to arrive for the shovel ready jobs to rebuild our infrastructure from the last stimulus.
 
Still waiting for those shovels to arrive for the shovel ready jobs to rebuild our infrastructure from the last stimulus.

Here is a shovel ready job

2009:
• SRS began The American Reinvestment and Recovery Act (ARRA) project representing a $1.6 billion investment in SRS. This project, expected to run through fiscal year 2011, will result in the accelerated cleanup of nuclear waste at SRS and a significant reduction in the site footprint. In 2009 alone, more than 1,500 new workers were hired and over 800 jobs retained, thanks to ARRA funding.
• SRS construction employees reached 23 million

SRS - History Highlights

I already showed that once
 
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