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Thread: Report shows how recession hit families [W:391, 502]

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    re: Report shows how recession hit families [W:391, 502]

    The debt? What Difference, At This Point, Does It Make?
    New Hope for the Wretched era

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    re: Report shows how recession hit families [W:391, 502]

    Quote Originally Posted by Conservative View Post
    This will help you determine the debt by fiscal year which for the United States is October 1 to September 30. There are two parts to the debt, Public Debt and Intergovt. holdings.

    Debt to the Penny (Daily History Search Application)
    I will look at this. Just to clarify, my post was referring to federal budget surplus when Bush came into office

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    re: Report shows how recession hit families [W:391, 502]

    Quote Originally Posted by opendebate View Post
    That references "Public Debt"
    You got me there.

    Obama is doing a helluva job!

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    re: Report shows how recession hit families [W:391, 502]

    Quote Originally Posted by opendebate View Post
    I will look at this. Just to clarify, my post was referring to federal budget surplus when Bush came into office
    Again, there was a projected surplus, no actual surplus when Bush took office but that projected surplus was eaten up by the recession that Bush inherited and 9/11. The Treasury dept shows Clinton had a deficit every year in office thus no surplus. That treasury data will show it.

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    re: Report shows how recession hit families [W:391, 502]

    Grant frankly his ability to completely wreck the economy hasn't really worked out as I'd thought it would
    It must be that pesky party of No that is standing in his way eh?

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    re: Report shows how recession hit families [W:391, 502]

    Quote Originally Posted by Conservative View Post
    Again, there was a projected surplus, no actual surplus when Bush took office but that projected surplus was eaten up by the recession that Bush inherited and 9/11. The Treasury dept shows Clinton had a deficit every year in office thus no surplus. That treasury data will show it.
    Try to ignore the title of the article if you can:

    Am I confused (sincere question)

    Report shows how Bush destroyed the American economy - Rochester Independent | Examiner.com

    According to the Bush Administration’s own records, when Bush was elected in 2000, he inherited a federal budget surplus of $236 billion from the Clinton Administration.

    In 1998, the Federal budget reported its first surplus ($69 billion) since 1969. In 1999, the surplus nearly doubled to $125 billion, and then again in 2000 to $236 billion."

    Office of Management and Budget
    Fiscal Year 2002 Guide
    The Budget Surplus and Fiscal Discipline
    But in 2008, after eight years of George W. Bush, the federal budget deficit soared to $454.8 billion almost triple the $161.5 billion recorded in fiscal year 2007.

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    re: Report shows how recession hit families [W:391, 502]

    Quote Originally Posted by TheNextEra View Post
    That's the problem on the right, you get data and than try to place blame on ONE THING
    hypocrite says what?

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    re: Report shows how recession hit families [W:391, 502]

    I did love how the 'projected surplus' was touted as a real surplus
    hell it's almost as comical as the idiots that believe we are in a real recovery now?
    New Hope for the Wretched era

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    re: Report shows how recession hit families [W:391, 502]

    Quote Originally Posted by opendebate View Post
    Try to ignore the title of the article if you can:

    Am I confused (sincere question)

    Report shows how Bush destroyed the American economy - Rochester Independent | Examiner.com

    According to the Bush Administration’s own records, when Bush was elected in 2000, he inherited a federal budget surplus of $236 billion from the Clinton Administration.

    In 1998, the Federal budget reported its first surplus ($69 billion) since 1969. In 1999, the surplus nearly doubled to $125 billion, and then again in 2000 to $236 billion."

    Office of Management and Budget
    Fiscal Year 2002 Guide
    The Budget Surplus and Fiscal Discipline
    But in 2008, after eight years of George W. Bush, the federal budget deficit soared to $454.8 billion almost triple the $161.5 billion recorded in fiscal year 2007.
    I am sorry but budget surpluses are yearly and the fiscal year of the U.S. Govt. runs from October to September. Fiscal year 2000 ended on September 30, 2000 and there was no surplus in fiscal year 2000. Clinton was in office from October 1, 2000 to January 21, 2001 and there was no surplus there either. I gave you the link to the Treasury data so please show me any surplus in 2000 or 2001? It was a projected surplus, not an actual one and that was based upon strong economic growth not the recession that began in March 2001 before Bush had any economic policies in place.

    Maybe this will help you understand it.

    http://www.craigsteiner.us/articles/16

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    re: Report shows how recession hit families [W:391, 502]

    I don't' know how old she is so who knows what she was doing in the 90's or who was really responsible for cutting government spending then
    I'm sure it was slick willie right I mean am I right?

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