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Thread: Surprise! Huge US Budget Surplus Shatters Record

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Blue_State View Post
    So was the article you posted.
    thank you ... I assume you meant that in a good way ...

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by windowdressing View Post
    actually, yes, I have very low expectations of our "leaders," in the WH, Congress, and Sup. Ct. ... and they usually meet my expectations and rarely exceed them ... Bush actually managed to come in under my low`expectations ... not easy to do ... as critical as I am of Obama, I can't help but wonder how he would have done had he not had to deal with an opposition bent on destroying his presidency from the beginning and putting party over country to do it ... whenever I see McConnell, Boehner, Cantor, and the other clowns, I actually get a little sick to my stomach ... in a way, Obama has done remarkably well under the circumstances ...
    Well, your opinion is indeed yours. Why is it you buy what you are told and do no independent study? Amazing since you have such a low expectation of the Presidency that you would seem to hold Bush to a much lower standard probably based upon what you read. Why am I not surprised? There isn't one economic number of Obama's today that is better than the average Bush numbers. Bush was judged by the 2008 numbers not the entirety of his Presidency so in terms of GDP growth, total unemployment, labor force numbers, debt Bush has done a much better job than Obama and did so with Democrats in control of the Congress his last two years. Too bad. Then there is this which the media ignores.

    Zambia 2013 - a set on Flickr

    What I see today is a very lazy public that does as little work as necessary verifying what they are told. Funny, when I see Obama and Reid I have the same reaction as you. The difference however is my reaction is based upon actual results not rhetoric. Guess that comes from the 35 yrs I spent in the Business world which provided for my family quite well.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Conservative View Post
    Well, your opinion is indeed yours. Why is it you buy what you are told and do no independent study? Amazing since you have such a low expectation of the Presidency that you would seem to hold Bush to a much lower standard probably based upon what you read. Why am I not surprised? There isn't one economic number of Obama's today that is better than the average Bush numbers. Bush was judged by the 2008 numbers not the entirety of his Presidency so in terms of GDP growth, total unemployment, labor force numbers, debt Bush has done a much better job than Obama and did so with Democrats in control of the Congress his last two years. Too bad. Then there is this which the media ignores.

    Zambia 2013 - a set on Flickr

    What I see today is a very lazy public that does as little work as necessary verifying what they are told. Funny, when I see Obama and Reid I have the same reaction as you. The difference however is my reaction is based upon actual results not rhetoric. Guess that comes from the 35 yrs I spent in the Business world which provided for my family quite well.
    you can't get to the 2008 numbers overnight ... he needed time to squander the surplus he was given ...

    you don't have a clue to what I read (my level of education, etc.), but go ahead and speculate ... I've been working for even longer than you and suspect that my wife and I have provided for our family as well (maybe even better than) you have for yours ... the difference between us, is that I care more about my fellow citizens than you and don't automatically think the worse of them .. there are many, many reasons people struggle, and most people who are poor work hard for their poverty ... the growing economic, social, and political inequality in this country concerns me, and eventually, if we don't create a more equitable society, it'll be the end of us ... but I don't expect shortsighted and greedy cons like you to understand that ...

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    windowdressing;1062059857]you can't get to the 2008 numbers overnight ... he needed time to squander the surplus he was given ...
    There was no surplus, there was a Projected Surplus not an actual surplus. We went into recession in March 2001 and then 9/11 happened or did you forget?

    you don't have a clue to what I read (my level of education, etc.), but go ahead and speculate ... I've been working for even longer than you and suspect that my wife and I have provided for our family as well (maybe even better than) you have for yours ... the difference between us, is that I care more about my fellow citizens than you and don't automatically think the worse of them .. there are many, many reasons people struggle, and most people who are poor work hard for their poverty ... the growing economic, social, and political inequality in this country concerns me, and eventually, if we don't create a more equitable society, it'll be the end of us ... but I don't expect shortsighted and greedy cons like you to understand that ...
    If you buy what you are told by the media and ignore non partisan sites like bls.gov, bea.gov, and the U.S. Treasury then you fit into the classification of a poorly informed liberal. If you provided well for your family then why would you try to destroy the system that allowed you to do that? Do you have any idea what Obama is doing to this economy? You give me a lot of rhetoric that says you care but if you truly care you would demand results not just words.

    How does having 21 million unemployed/under employed/discouraged workers, over 100 million Americans on some form of taxpayer welfare, almost 50 million on food stamps, record numbers on disability, stagnant GDP growth, and an additional 6.2 trillion added to the debt good for this country and your fellow citizens?

    Did you have any kids? If so how are they doing? Any time during raising those kids that you applied "tough" love? I had two and they are great knowing that it is their responsibility to take care of themselves and if they need help I am there. In today's world "I" is the govt. and the govt. helps no one but themselves maintain power and dependence.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Conservative View Post
    There was no surplus, there was a Projected Surplus not an actual surplus. We went into recession in March 2001 and then 9/11 happened or did you forget?
    .
    Do you really think out right lying helps your argument?

    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.
    FactCheck.org : The Budget and Deficit Under Clinton

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by winston53660 View Post
    Do you really think out right lying helps your argument?

    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.
    FactCheck.org : The Budget and Deficit Under Clinton
    You see, unlike you I don't believe the USA story is the bank account of the United States and I don't see a surplus at the Treasury Website so anyone can say anything but the reality debt service is only paid on the debt and there was debt service increasing every year under Clinton so we can continue to play this game but the reality is no matter how many times you make the claim or how many times the claim is made by others there was NO SURPLUS, NONE, NADA

    The Myth of the Clinton Surplus |

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Conservative View Post
    You see, unlike you I don't believe the USA story is the bank account of the United States and I don't see a surplus at the Treasury Website so anyone can say anything but the reality debt service is only paid on the debt and there was debt service increasing every year under Clinton so we can continue to play this game but the reality is no matter how many times you make the claim or how many times the claim is made by others there was NO SURPLUS, NONE, NADA

    The Myth of the Clinton Surplus |

    The guy as well as you don't know the difference btwn a budget deficit/surplus and debt.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by winston53660 View Post
    The guy as well as you don't know the difference btwn a budget deficit/surplus and debt.
    The explain it to us all so we all see how brilliant you are. What makes up the debt and what do we pay debt service on?

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Conservative View Post
    LOL, ok, you really are very nave, Congress doesn't work for us or Congress would be doing the will of the people which is to develop policies that create jobs, incentives, and promotes the private sector. It is the President's Job to provide the leadership to get things done. If that isn't the case why even elect a President? I do agree that it is treated as a celebrity and that is why Obama is given a pass when it comes to the terrible results we have today.
    According to the constitution leading is not the presidents job. The congress makes the laws and thus policy. The President wields executive power. We elect a President so we can have one single person commanding the military and making day to day decisions about running the govt as well as make decisions when away on foreign business. THis was before instant communications.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Conservative View Post
    The explain it to us all so we all see how brilliant you are. What makes up the debt and what do we pay debt service on?
    I have to explain this to the self proclaimed Captain of Business?

    Your sophistry knows no bounds.

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