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Thread: Surprise! Huge US Budget Surplus Shatters Record

  1. #101
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Papa bull View Post
    1. Thank "sequester", which democrats did nothing but badmouth.
    2. The budget is not going to be cut in half in any span of time because there's no "less spending" going on.
    3. If your "budget" is twice as much as you actually earn, don't get all excited because you only spent 90% of your "budget" and think you're getting rich because of that.
    My bad, i mis-spoke. The deficit has the potential.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Papa bull View Post
    1. Thank "sequester", which democrats did nothing but badmouth.
    2. The budget is not going to be cut in half in any span of time because there's no "less spending" going on.
    3. If your "budget" is twice as much as you actually earn, don't get all excited because you only spent 90% of your "budget" and think you're getting rich because of that.
    One thing about #1....didn't Republicans call it "Obama's sequester" a couple of months ago when it went into effect? Wasn't it "Obama's failure" that led to it being implemented. Wasn't it a "White House plan" when Republicans were running from their failure to make cuts so that it wouldn't go into effect?

    Keep in mind...sequestration was in lieu of other supposed cuts. The method was sequestration because Congress couldn't decide on what they would specifically cut. Both parties had agreed to cut how it was cut is the reason sequestration kicked in.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  3. #103
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Kushinator View Post
    My bad, i mis-spoke. The deficit has the potential.
    Wait for a trend if you want to have a solid argument about that. One month isn't a trend and cutting the deficit in half still leaves us with a huge deficit.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Papa bull View Post
    You obviously weren't following. I pointed out that the black vote won't be so strong in 2016 and got accused of making a "racist" remark because of that. Pundits WILL be talking about that as 2016 approaches and it's not "racist". It's just demographics and statistics.
    I did miss that.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  5. #105
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Papa bull View Post
    If your "budget" is twice as much as you actually earn, don't get all excited because you only spent 90% of your "budget" and think you're getting rich because of that
    Also, it is errorenous to relate a business/household budget to that of a sovereign nation. If i have to explain why, perhaps you do not belong discussing such topics to begin with.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  6. #106
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by iliveonramen View Post
    One thing about #1....didn't Republicans call it "Obama's sequester" a couple of months ago when it went into effect? Wasn't it "Obama's failure" that led to it being implemented. Wasn't it a "White House plan" when Republicans were running from their failure to make cuts so that it wouldn't go into effect?

    Keep in mind...sequestration was in lieu of other supposed cuts. The method was sequestration because Congress couldn't decide on what they would specifically cut. Both parties had agreed to cut how it was cut is the reason sequestration kicked in.
    Seems to me that how it worked out was that refusing to agree on cuts meant everyone could try to take credit for cutting spending and no one had to take the blame for anything that got cut. I do remember the lefties squealing that sequestration was an awful thing that only happened because republicans wouldn't "compromise" (in other words, go along with the democrats). In fact, Obama seemed to have his knickers in a twist because sequestration was where we ended up.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

  7. #107
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Kushinator View Post
    Also, it is errorenous to relate a business/household budget to that of a sovereign nation. If i have to explain why, perhaps you do not belong discussing such topics to begin with.
    You don't have to explain why. Households can't print money as they need it, so the dynamics aren't the same. Not that money printing is a good thing, though.
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

  8. #108
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by windowdressing View Post
    it's too early to tell what it means, but it's enough to worry the GOP ... the last thing they need in 2014, but especially in 2016 is an improved economy ... that, coupled with their wars agtainst women, the poor, the working class, gays, minorities, will kill them ....
    Putting politics on the side, this is a great sign for the country. We are moving at least in the right direction. Regardless if you are Republican or Democrat, you have to cheer for this if you truly love your country.


    Now bringing politics back into the fold, the GOP can not be happy about this coming so close to election time. Regardless of what they say or believe it is how the public views it.

  9. #109
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by rcart76 View Post
    Putting politics on the side, this is a great sign for the country. We are moving at least in the right direction. Regardless if you are Republican or Democrat, you have to cheer for this if you truly love your country.


    Now bringing politics back into the fold, the GOP can not be happy about this coming so close to election time. Regardless of what they say or believe it is how the public views it.
    It's a good sign as far as spending vs. revenue goes - at least it's a step in the right direction. It means ZIP as an economic indicator, though. That's just a bunch of pom-pom waving from folks who don't have a lot to cheer about otherwise. DOW down -2.6 points as we speak. It's been treading water all day despite this "breaking news".
    You can't reason anyone out of a position they didn't reason themselves into in the first place.

  10. #110
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Papa bull View Post
    You don't have to explain why. Households can't print money as they need it, so the dynamics aren't the same. Not that money printing is a good thing, though.
    Thats not the reason... Households dont have a guaranteed income... countries/governments in the industrialized world do.
    PeteEU

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