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Thread: Surprise! Huge US Budget Surplus Shatters Record

  1. #351
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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by winston53660 View Post
    One more time:



    The relevant links are there.
    Look, you can make that claim over and over again but until you understand the budget process as I laid it out for you, all you do is make a fool out of yourself. Intergovt. holdings is part of the budget which you want to ignore. Taking money from intergovt holdings and using it to balance the budget or show a surplus isn't a surplus at all. Now tell me again why this is an issue today with the Obama 6.2 trillion dollar debt?

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Conservative View Post
    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.

    Beyond you being intentionally or not being oblivious about this:

    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
    Why didn't you vote for "lock box" Gore if this is such a concern for you?

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Conservative View Post
    Look, you can make that claim over and over again but until you understand the budget process as I laid it out for you, all you do is make a fool out of yourself. Intergovt. holdings is part of the budget which you want to ignore. Taking money from intergovt holdings and using it to balance the budget or show a surplus isn't a surplus at all. Now tell me again why this is an issue today with the Obama 6.2 trillion dollar debt?

    Problem is I'm not ignoring intergov. holdings and the obligations.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by winston53660 View Post
    Beyond you being intentionally or not being oblivious about this:



    Why didn't you vote for "lock box" Gore if this is such a concern for you?
    Do you know what an accrued expense is? The expenses were accrued, the money used, and replaced with an IOU

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Morrigi View Post
    On that note, here are a few quotes.

    "...Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country."
    Guess who? No, none of the Founding Fathers. Not Orwell.

    "Fascism is capitalism in decay."
    - Vladimir Lenin
    Is our state not slowly decaying before our eyes?

    “If tyranny and oppression come to this land it will be in the guise of fighting a foreign enemy.”
    - James Madison

    Well damn, that sounds familiar

    “When one with honeyed words but evil mind
    Persuades the mob, great woes befall the state.”
    - Euripides, Orestes

    Older than dirt, still true.

    “The means of defence against foreign danger have been always the instruments of tyranny at home. Among the Romans it was a standing maxim to excite a war, whenever a revolt was apprehended. Throughout all Europe, the armies kept up under the pretext of defending, have enslaved the people.”
    - James Madison


    On the subject of tyranny, the world is well-experienced in its rise to power, its fall, and its intricacies. We would do well to learn from history, lest we be doomed to repeat it.
    Nearly all of human history we are aware of involves tyranny. Our experiment in self rule is nearly at an end. Imagine me agreeing with something that PowerRob agrees with. Perhaps he misread it.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by poweRob View Post
    Looks like good news. I can't wait for all the deficit hawks to come in here and also crow about how great this is for our economy. You guys will right? Or is the sky still falling?

    Surprise! Huge US Budget Surplus Shatters Record

    The U.S. government posted a budget surplus in June, the latest sign of rapidly improving public finances that could reduce the urgency in Congress to strike a deal to raise the nation's limit on borrowing.

    Rising tax revenues, public spending cuts and big payments to the Treasury from state-backed mortgage firms helped the government take in $117 billion more last month than it paid out, the U.S. Treasury said on Thursday.

    Analysts polled by Reuters had expected a smaller surplus of $39.5 billion.

    June's surplus was the largest for that month on record.
    "I likes when the guvermunt spends muny.... DUUUUHHH!!!"

    imagesCAFCS180.jpg

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Conservative View Post
    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
    There are no responsibilities of leadership. The founders never instead the President to be the leader of the country. The President is not supposed to have an economic agenda. Hes a single point decision make for military and foreign policy. Read the constitution. THe congresses powers are many, the President powers are few.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Conservative View Post
    Do you know what an accrued expense is? The expenses were accrued, the money used, and replaced with an IOU
    I going to try that with my checking account. I always have extra checks but no extra money at the end of each month, this may be the perfect solution!
    There is only one basic human right, the right to do as you damn well please. And with it comes the only basic human duty, the duty to take the consequences.
    P. J. O'Rourke

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by Heebie Jeebie View Post
    I going to try that with my checking account. I always have extra checks but no extra money at the end of each month, this may be the perfect solution!
    Yes, welcome to the new liberal logic. An IOU is always cash in that liberal world.

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    Re: Surprise! Huge US Budget Surplus Shatters Record

    Quote Originally Posted by jonny5 View Post
    There are no responsibilities of leadership. The founders never instead the President to be the leader of the country. The President is not supposed to have an economic agenda. Hes a single point decision make for military and foreign policy. Read the constitution. THe congresses powers are many, the President powers are few.
    Wow, what kind of response and logic is that? You really don't understand leadership at all. I posted a link here to a very good explanation of leadership, suggest you find it and read it. We do not have a true democracy, we have a representative democracy and with a representative democracy we elect leaders. The President is indeed the leader of the country and it is the President's agenda which is the starting point for debate and when the President's party is in charge of Congress that agenda becomes the Congressional agenda which is what you are seeing right now.

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