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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 jonny5 View Post
    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.
    Yes, and it is the President's economic and foreign policy agenda that is voted on by the Congress. You seem to confuse appropriations with leadership and the responsibilities of leadership

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by winston53660 View Post
    I have to explain this to the self proclaimed Captain of Business?

    Your sophistry knows no bounds.
    No, you have to put up or shut up for a change. I have posted the site showing no Clinton surplus yet you don't believe it so I am waiting for your proof that you know what the budget deficit and debt is made up of?

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Conservative View Post
    No, you have to put up or shut up for a change. I have posted the site showing no Clinton surplus yet you don't believe it so I am waiting for your proof that you know what the budget deficit and debt is made up of?
    Surplus occurs when : (revenue - expenditure) > 0

    The existence of debt is irrelevant.
    Last edited by Kushinator; 07-15-13 at 04:55 PM.
    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 Conservative View Post
    No, you have to put up or shut up for a change. I have posted the site showing no Clinton surplus yet you don't believe it so I am waiting for your proof that you know what the budget deficit and debt is made up of?
    You posted a blog. In the past I have posted the Treasury department the CBO and Fact check all saying there was a BUDGET surplus by either accounting measure.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Kushinator View Post
    Surplus occurs when : (revenue - expenditure) > 0

    The existence of debt is irrelevant.
    Interesting, so when you look at the budget of the United States and you see a line item for Interest expense that is just a placeholder and the amount in there isn't really an expense?

    We all know that deficits are a revenue minus expenses when expenses are higher than revenue. That deficit is added to the debt and all those deficits added together total almost 17 trillion dollars.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by winston53660 View Post
    You posted a blog. In the past I have posted the Treasury department the CBO and Fact check all saying there was a BUDGET surplus by either accounting measure.
    I posted the link to the Treasury data, you have a problem with that then take it up with them. What you and all others want to ignore is that accrued expenses for money taken from Intergovt. holdings is an expense and led to deficits every year under Clinton.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Conservative View Post
    I posted the link to the Treasury data, you have a problem with that then take it up with them. What you and all others want to ignore is that accrued expenses for money taken from Intergovt. holdings is an expense and led to deficits every year under Clinton.
    fms.treas.gov fr 98frusg 98frusg.jpg

    Sorry Charlie how ever you want to add it up the US treasury disagrees with you

    http://fms.treas.gov/fr/98frusg/98frusg.pdf

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by winston53660 View Post
    fms.treas.gov fr 98frusg 98frusg.jpg

    Sorry Charlie how ever you want to add it up the US treasury disagrees with you

    http://fms.treas.gov/fr/98frusg/98frusg.pdf
    Until you learn there are two parts of the expense budget of the United States this effort is fruitless and you continue to make a fool out of yourself.

    Deficit/Surplus= revenue +/- (Public Debt PLUS Intergovt. holdings)

    Clinton supporters want to ignore Intergovt. holdings but won't ignore it when they turn 65 and the money isn't there. This is total ignorance and partisan bs to claim Clinton had a surplus when SS/Medicare money was put into the General Budget replaced with an IOU

    If you take enough money out of intergovt. holdings chances are you would never have a deficit but that isn't the total picture and you ought to know that

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Conservative View Post
    Until you learn there are two parts of the expense budget of the United States this effort is fruitless and you continue to make a fool out of yourself.

    Deficit/Surplus= revenue +/- (Public Debt PLUS Intergovt. holdings)

    Clinton supporters want to ignore Intergovt. holdings but won't ignore it when they turn 65 and the money isn't there. This is total ignorance and partisan bs to claim Clinton had a surplus when SS/Medicare money was put into the General Budget replaced with an IOU

    If you take enough money out of intergovt. holdings chances are you would never have a deficit but that isn't the total picture and you ought to know that
    One more time:

    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.

    FactCheck.org : The Budget and Deficit Under Clinton
    The relevant links are there.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by winston53660 View Post
    fms.treas.gov fr 98frusg 98frusg.jpg

    Sorry Charlie how ever you want to add it up the US treasury disagrees with you

    http://fms.treas.gov/fr/98frusg/98frusg.pdf
    What you want to ignore again as usual are the two parts of the budget, Public and intergovt. holding. I suggest you learn both sides and when you take money from intergovt holdings(SS/Medicare} that money is targeted for the future and thus is an expense that is due in the future. Taking that money now and replacing it with an IOU doesn't create a surplus.

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