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Thread: White House in damage control mode as potential scandals pile up [W:378]

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    Re: White House in damage control mode as potential scandals pile up [W:378]

    Quote Originally Posted by Fenton View Post
    LOL !!!

    You think theyr'e dying out ? Why , because you stopped watching the news ?

    Lol...No actually they're just getting started with continuous and seperate House Committee's hearings and new whistle blowers on the way.

    don't count your chickens.....oh wait, you don't have any chickens.

    The Democrats came into this losers with a economy on life support.
    people like disneydude only need to have one person come forward and deny the charges, and that is good enough for them

  2. #512
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    Re: White House in damage control mode as potential scandals pile up [W:378]

    Quote Originally Posted by Conservative View Post
    That wasn't the point, there were monthly changes which is what you posted.
    I posted YOY, not monthly, annual. Bush never had an annual decline in the debt EVER.

    Clinton increased the debt just like Bush did. Do you ever admit that you are wrong? Calendar year is not the fiscal year of the United States, never has been as the fiscal year runs from Oct 1 to September 30
    Clinton’s large budget surpluses also owe much to the Social Security tax on payrolls. Social Security taxes now bring in more than the cost of current benefits, and the "Social Security surplus" makes the total deficit or surplus figures look better than they would if Social Security wasn’t counted. But even if we remove Social Security from the equation, there was a surplus of $1.9 billion in fiscal 1999 and $86.4 billion in fiscal 2000. So any way you count it, the federal budget was balanced and the deficit was erased, if only for a while.

    Update, Feb. 11: Some readers wrote to us saying we should have made clear the difference between the federal deficit and the federal debt. A deficit occurs when the government takes in less money than it spends in a given year. The debt is the total amount the government owes at any given time. So the debt goes up in any given year by the amount of the deficit, or it decreases by the amount of any surplus. The debt the government owes to the public decreased for a while under Clinton, but the debt was by no means erased.

    Other readers have noted a USA Today story stating that, under an alternative type of accounting, the final four years of the Clinton administration taken together would have shown a deficit. This is based on an annual document called the "Financial Report of the U.S. Government," which reports what the governments books would look like if kept on an accrual basis like those of most corporations, rather than the cash basis that the government has always used. The principal difference is that under accrual accounting the government would book immediately the costs of promises made to pay future benefits to government workers and Social Security and Medicare beneficiaries. But even under accrual accounting, the annual reports showed surpluses of $69.2 billion in fiscal 1998, $76.9 billion in fiscal 1999, and $46 billion for fiscal year 2000. So even if the government had been using that form of accounting the deficit would have been erased for those three years.

    - Brooks Jackson
    Sources
    Congressional Budget Office, "Historical Budget Data," undated, accessed 6 Sep 2010.

    FactCheck.org : The Budget and Deficit Under Clinton
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: White House in damage control mode as potential scandals pile up [W:378]

    The economy was on life support when we got it in 2009. Now, not so much. Holder's contempt was predetermined, as is Obama's impeachment. That is where it ends. And that is where Boehner's legacy gets flushed.

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    Re: White House in damage control mode as potential scandals pile up [W:378]

    Quote Originally Posted by Gimmesometruth View Post
    I posted YOY, not monthly, annual.
    to prove a surplus you can't cherry pick YOY figures. a surplus indicates we are discussing fiscal year numbers.

    so when we asked you about the surplus,. why did you cherry pick a date in the middle of the reporting period?

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    Re: White House in damage control mode as potential scandals pile up [W:378]

    Quote Originally Posted by ARealConservative View Post
    I'm still trying to figure out if it is ignorance or dishonesty.

    why did you choose a date in the middle of the fiscal year?
    What is really dishonest is ignoring that Clinton paid down the public debt with the last 4 years of his budgets, he was able to pay back some of the trust fund IOU's that Congress has been using from the SSTF.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: White House in damage control mode as potential scandals pile up [W:378]

    Quote Originally Posted by Gimmesometruth View Post
    What is really dishonest is ignoring that Clinton paid down the public debt with the last 4 years of his budgets, he was able to pay back some of the trust fund IOU's that Congress has been using from the SSTF.
    can you post the YOY numbers for the actual last day of each reporting period? This will tell whether a surplus was real or imagined.

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    Re: White House in damage control mode as potential scandals pile up [W:378]

    Quote Originally Posted by ARealConservative View Post
    can you post the YOY numbers for the actual last day of each reporting period? This will tell whether a surplus was real or imagined.
    I already did, in post 512.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: White House in damage control mode as potential scandals pile up [W:378]

    Gimmesometruth;1061830979]I posted YOY, not monthly, annual. Bush never had an annual decline in the debt EVER.
    You obviously don't understand fiscal year but thanks for your answer. Too bad we don't pay debt service on the calendar year budget changes rather than the fiscal year budget changes. As stated Bush had many months of deficit reductions but it doesn't matter as he added 4.9 trillion to the debt. "Your" President has added 6.8 trillion in less than 5 years yet you want to blame Bush and divert to Clinton? What does any of this have to do with the thread topic?

    Clinton’s large budget surpluses also owe much to the Social Security tax on payrolls. Social Security taxes now bring in more than the cost of current benefits, and the "Social Security surplus" makes the total deficit or surplus figures look better than they would if Social Security wasn’t counted. But even if we remove Social Security from the equation, there was a surplus of $1.9 billion in fiscal 1999 and $86.4 billion in fiscal 2000. So any way you count it, the federal budget was balanced and the deficit was erased, if only for a while.
    Again, SS was never intended to be on Budget nor should it be. Only in the liberal world do IOU's pay for personal expenses. Hope you enjoy yours when you retire and get an IOU.

    Update, Feb. 11: Some readers wrote to us saying we should have made clear the difference between the federal deficit and the federal debt. A deficit occurs when the government takes in less money than it spends in a given year. The debt is the total amount the government owes at any given time. So the debt goes up in any given year by the amount of the deficit, or it decreases by the amount of any surplus. The debt the government owes to the public decreased for a while under Clinton, but the debt was by no means erased.

    Other readers have noted a USA Today story stating that, under an alternative type of accounting, the final four years of the Clinton administration taken together would have shown a deficit. This is based on an annual document called the "Financial Report of the U.S. Government," which reports what the governments books would look like if kept on an accrual basis like those of most corporations, rather than the cash basis that the government has always used. The principal difference is that under accrual accounting the government would book immediately the costs of promises made to pay future benefits to government workers and Social Security and Medicare beneficiaries. But even under accrual accounting, the annual reports showed surpluses of $69.2 billion in fiscal 1998, $76.9 billion in fiscal 1999, and $46 billion for fiscal year 2000. So even if the government had been using that form of accounting the deficit would have been erased for those three years.

    - Brooks Jackson
    Sources
    Congressional Budget Office, "Historical Budget Data," undated, accessed 6 Sep 2010.

    FactCheck.org : The Budget and Deficit Under Clinton
    Thank you but once again you have no concept of what makes up the deficit. Maybe you ought to ask Obama why he has added 6.8 trillion in less than 5 years rather than trying to divert to what you think Clinton did.

    Public debt did have a surplus and yet the debt grew. Please explain why since as stated a surplus would reduce the debt but didn't. Could it have anything to do with the shortfall in Intergovt. holdings? Hmmmm

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    Re: White House in damage control mode as potential scandals pile up [W:378]

    Quote Originally Posted by Gimmesometruth View Post
    I already did, in post 512.
    They mean nothing, that is why you posted them to try and weasel out of admitting that you were wrong. There was NO fiscal year surplus and that is what matters.

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    Re: White House in damage control mode as potential scandals pile up [W:378]

    Quote Originally Posted by Gimmesometruth View Post
    I already did, in post 512.
    wow. dishonest to the very last. pretty sad.

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