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Jerry Brown: California's deficit is gone

a351 said:
The median number in regards to growth following WWII is 3.25%. None of your numbers so much as touch that figure.
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And you think we should use post WW2 numbers to predicts growth rates today?
 
Eighty Deuce said:
Never happened. Ike was the last President with a surplus. Show me the National Debt totals for any two consecutive years where the latter year was lower than the prior since Ike.

You can't do it. Cause you have forked tongue like Jerry Brown ........ aka liberal ignorance ......... ;)
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You seem to be confused as to what a balanced budget is. Not surprising. A balanced budget, particularly a government budget, has revenues equal to expenditures. Hopefully it’s a budget with no deficits,if you keep your fingers crossed has a surplus.

In 1999 Revenues were (1,827.5), outlays were (1,701.8), on budget (1.9) Social Security (124.7) Postal Service (-1.0 ) total (125.6 )

In 2000 Revenues were (2,025.2)outlays were (1,789.0)on budget(86.4)Social Security (151.8) Postal Service (-2.0) total (236.2)

In 2001 Revenues were(1,991.1)outlays were (1,862.8)on budget(-32.4)Social Security (163.0) Postal Service (-2.3)total (128.2)

This all had two things in common going back to 1972, and more than likely as far as social security being added to the pot,going back further. Like I said SS is part of the national budget and they all had this in common= Debt Held by the Public. Debt Held by the Public, in 1972 was= 322.4. Debt Held by the Public, in 2001 was= 3,319.6.

The last year for debt not held by public would be when Andrew Jackson was the Pres. 1836 . Actually paying off debt for a government is not a good thing, that’s a subject for another thread.:2wave:

CBO | Historical Budget Data
 
Whipsnade said:
You seem to be confused as to what a balanced budget is. Not surprising. A balanced budget, particularly a government budget, has revenues equal to expenditures. Hopefully it’s a budget with no deficits,if you keep your fingers crossed has a surplus.

In 1999 Revenues were (1,827.5), outlays were (1,701.8), on budget (1.9) Social Security (124.7) Postal Service (-1.0 ) total (125.6 )

In 2000 Revenues were (2,025.2)outlays were (1,789.0)on budget(86.4)Social Security (151.8) Postal Service (-2.0) total (236.2)

In 2001 Revenues were(1,991.1)outlays were (1,862.8)on budget(-32.4)Social Security (163.0) Postal Service (-2.3)total (128.2)

This all had two things in common going back to 1972, and more than likely as far as social security being added to the pot,going back further. Like I said SS is part of the national budget and they all had this in common= Debt Held by the Public. Debt Held by the Public, in 1972 was= 322.4. Debt Held by the Public, in 2001 was= 3,319.6.

The last year for debt not held by public would be when Andrew Jackson was the Pres. 1836 . Actually paying off debt for a government is not a good thing, that’s a subject for another thread.:2wave:

CBO | Historical Budget Data
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Cut the BS. Show me the year since Ike when the debt went down. Or even stayed the same (a balanced budget).

You can't. Cause it did not happen.

Notching my pistol as you contemplate knowing you have been busted for liberal nonsense. ;)
 
We'll see how it all turns out. Now that California is gloating that it finally has a surplus, I'm sure all the different interest groups out there will descend on Sacramento trying to get their share of the pie. Undoubtedly, they'll try to take chunks out of the budget that are meant to pay down the debt.

Keep in mind that the only reason that California has a surplus is because of Prop 30 and its tax increases. We will see if Jerry Brown and the Democrats there will keep a fiscally responsible budget by not throwing even more money at social services like they always do.
 
Eighty Deuce said:
Cut the BS. Show me the year since Ike when the debt went down. Or even stayed the same (a balanced budget).

You can't. Cause it did not happen.

Notching my pistol as you contemplate knowing you have been busted for liberal nonsense. ;)
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Did you bother to click the Congressional Budget Office link that i provided?
 
Whipsnade said:
Did you bother to click the Congressional Budget Office link that i provided?
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I did. Now you simply show me the two year spread, since Ike, when we had a "balanced budget", much lass a surplous of even $0.01, from one year to the next. You made the claim. I know it to be full of $hit.

Looks like I am right !
 
Eighty Deuce said:
I did. Now you simply show me the two year spread, since Ike, when we had a "balanced budget", much lass a surplous of even $0.01, from one year to the next. You made the claim. I know it to be full of $hit.

Looks like I am right !
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You can say you're right until your blue in the face. Here's the numbers if you have trouble deciphering simple numbers that on you.I bolded the numbers, notice that the numbers get smaller as the years go up?


Public Debt
1998=3,721.1
1999=3,632.4
2000=3,409.8
 
Whipsnade said:
You can say you're right until your blue in the face. Here's the numbers if you have trouble deciphering simple numbers that on you.I bolded the numbers, notice that the numbers get smaller as the years go up?


Public Debt
1998=3,721.1
1999=3,632.4
2000=3,409.8
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Funny but using actual numbers should trump budget numbers right?

Debt to date.jpg
Government - Historical Debt Outstanding - Annual 1950 - 1999
Government - Historical Debt Outstanding - Annual 2000 - 2010


Sure looks like the debt didn't go down...?
 
Whipsnade said:
You can say you're right until your blue in the face. Here's the numbers if you have trouble deciphering simple numbers that on you.I bolded the numbers, notice that the numbers get smaller as the years go up?


Public Debt
1998=3,721.1
1999=3,632.4
2000=3,409.8
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Clearly, with no link. Here are the hard numers Ace:

1998: $5.526 bilion

1999: 5.656

2000: 5.674


National Debt by Year

Find any legitimate source that you care to link. As I said with absolute certainty, the debt has not gone down since Ike. We have not run a surplus since Ike.

My links are fact. You cannot provide, much less prove, otherwise. You are therefore either a liar, or hugely inept. And blue in the face. You see, "slightly liberal", that the numbers go up, and not down. Why did you not know this ?
 
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Whipsnade said:
You seem to be confused as to what a balanced budget is. Not surprising. A balanced budget, particularly a government budget, has revenues equal to expenditures. Hopefully it’s a budget with no deficits,if you keep your fingers crossed has a surplus.

The last year for debt not held by public would be when Andrew Jackson was the Pres. 1836 . Actually paying off debt for a government is not a good thing, that’s a subject for another thread.:2wave:

CBO | Historical Budget Data
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It would appear that it is you who are confused or are intentionally misleading the discussion. The numbers/source you are using for these claims do not recognize the intragovernmental debt. Sure you can claim that this is not 'debt held by the public' but one of your lean surely recognizes that 'borrowing' from SS and pensions (much like corporations do with union pensions/benefits-i.e. Hostess) is still a liability that must be paid back, hence debt. I would also presume you would agree that using these funds to balance ones budget is not wise...right?
 
Eighty Deuce said:
Clearly, with no link. Here are the hard numers Ace:

1998: $5.526 bilion

1999: 5.656

2000: 5.674


National Debt by Year

Find any legitimate source that you care to link. As I said with absolute certainty, the debt has not gone down since Ike. We have not run a surplus since Ike.

My links are fact. You cannot provide, much less prove, otherwise. You are therefore either a liar, or hugely inept. And blue in the face. You see, "slightly liberal", that the numbers go up, and not down. Why did you not know this ?
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You believe what you want to believe. The numbers that both parties in Congress relies is good enough for me.And that would be the "Congressional Budget Office ".:2wave:
 
Whipsnade said:
You believe what you want to believe. The numbers that both parties in Congress relies is good enough for me.And that would be the "Congressional Budget Office ".:2wave:
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The CBO calculates numbers based upon data and assumptions provided to them by politicians

Their conclusions are not infallible
 
Bronson said:
The CBO calculates numbers based upon data and assumptions provided to them by politicians

Their conclusions are not infallible
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RIGHTWING FRAUD ALERT!

CBO | our processes

CBO draws on information from a wide variety of sources. A great deal of crucial information comes from the data collected and reported by the government’s statistical agencies. Such data include the national income and product accounts, surveys of labor market conditions and prices, the Statistics of Income database, the Current Population Survey, the Survey of Income and Program Participation, data on National Health Expenditures, and various health care surveys. CBO also uses data and other information from its analysts’ myriad contacts at federal agencies, state and local governments, and industry groups.

In addition, CBO seeks input from outside experts, including professors, analysts at think tanks, private-sector experts, and employees at various government agencies. Some of those consultations occur during regular meetings with the agency’s Panel of Economic Advisers and Panel of Health Advisers; many more consultations occur on an informal, ongoing basis. Those consultations with outside experts complement the knowledge and insights of the talented analysts on the agency’s staff.

NEXT DISCREDITED RIGHTWING MEME!
 
head of joaquin said:
RIGHTWING FRAUD ALERT!

CBO | our processes

CBO draws on information from a wide variety of sources. A great deal of crucial information comes from the data collected and reported by the government’s statistical agencies. Such data include the national income and product accounts, surveys of labor market conditions and prices, the Statistics of Income database, the Current Population Survey, the Survey of Income and Program Participation, data on National Health Expenditures, and various health care surveys. CBO also uses data and other information from its analysts’ myriad contacts at federal agencies, state and local governments, and industry groups.

In addition, CBO seeks input from outside experts, including professors, analysts at think tanks, private-sector experts, and employees at various government agencies. Some of those consultations occur during regular meetings with the agency’s Panel of Economic Advisers and Panel of Health Advisers; many more consultations occur on an informal, ongoing basis. Those consultations with outside experts complement the knowledge and insights of the talented analysts on the agency’s staff.

NEXT DISCREDITED RIGHTWING MEME!
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Your own link backs up my assertion.

A great deal of crucial information comes from the data collected and reported by the government’s statistical agencies
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How Good Are the Government’s Deficit and Debt Projections and Should We Care?

[W]hen the CBO constructs its baseline projections it cannot – unlike private-sector forecasters – anticipate future changes in fiscal or monetary policy that affect future economic growth, outlays, and revenues. Instead the CBO by law uses what is know as a “current services baseline.” That is, it must assume that existing laws that govern outlays and receipts will prevail over the projection horizon
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From the NYT's PAUL KRUGMAN :lol:

http://krugman.blogs.nytimes.com/2010/08/06/how-to-read-a-cbo-report/

What you need to realize is that the CBO is the servant of members of Congress, which means that if a Congressman asks it to analyze a plan under certain assumptions, it will do just that — no matter how unrealistic the assumptions may be. CBO will tell you what’s going on, but it will do so deadpan, doing nothing in terms of emphasis or placement to highlight the funny business.
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Have a nice day! :2wave:
 
Bronson said:
Your own link backs up my assertion.



How Good Are the Government’s Deficit and Debt Projections and Should We Care?



From the NYT's PAUL KRUGMAN :lol:

How To Read A CBO Report - NYTimes.com



Have a nice day! :2wave:
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Hey look kids, he changed what he said and hoped nobody would notice.

CBO gets information from a variety of sources including independent experts.

You lose. But I'm glad you support Krugman now! He mocks rightwing memes about how SS is going broke.
 
sangha said:
More rightwing fraud

"government’s statistical agencies" <> politicians
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Exactly. This is how conservatives "argue". Words mean nothing to them. It's almost amusing to watch them prove that over and over again.
 
sangha said:
Why bother with facts when one has beliefs?
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Why bother indeed especially with the facts (actual historical data posted from Treasurydirect.gov) is less that beliefs (budgeted data from CBO). Standard left wing meme!...

disposed of again...:lamo
 
Dickieboy said:
Why bother indeed especially with the facts (actual historical data posted from Treasurydirect.gov) is less that beliefs (budgeted data from CBO). Standard left wing meme!...

disposed of again...:lamo
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Syntax is another deficiency conservative ideologues face.
 
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