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Thread: Obama vows to cut huge deficit in half

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Maximus Zeebra View Post
    No................. The government spending less than they acquire from taxes and such, thats the reason.



    HMM... my bad, what I meant to say was, wasn't his surplus a 10 year PROJECTION that included the social security fund escrow?
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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Reverend_Hellh0und View Post
    HMM... my bad, what I meant to say was, wasn't his surplus a 10 year PROJECTION that included the social security fund escrow?
    Its actually very simple.

    Eclipse spendings and incomes relevant to what they are now, and congratulations you have a surplus. The tech bubble btw benefitted the US population far more than it did your tax revenues.. I am sure if the republicans had been in charge they could easily have run you into 100 billion deficits in the 90s.
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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Maximus Zeebra View Post
    No................. The government spending less than they acquire from taxes and such, thats the reason.
    And why do you think the government acquired so much in tax revenue?


    (Hint: It's related to the tech bubble)
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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by SouthernDemocrat View Post
    Clinton added very little to the national debt compared to either of the Bush's or Reagan. The vast majority of our debt was given to us by Republican Administrations.
    Wrong again, Congress is the only government entity that can pass laws and spending legislation; it was given to us by DEMOCRAT Congresses. Again, the ONLY congress in recent history over five decades that got us to a surplus was a Republican Congress.

    Carry on.

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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by zimmer View Post
    They planned!
    They planned!
    How evil.

    Should they not have planned?

    I thought there was "no plan"? We kept hearing this from you folks and Kerry with his "Smarter and Better" plan... that was never revealed. Unless retreat, the Democrat platform of "cut-and-run" was the Kerry plan too.

    Should they have not planned and sought the vote?

    One Constitutional role of the government is to defend against enemies foreign and domestic. Securing the borders. Those are items that should be funded by our tax dollars. But this the socialists cannot do, and they want to do everything else except these things.

    OK, the oil revenue didn't come through... yet. That means they made a false presumption. That's life in the big world. Nothing like the errors of Social Security, Medicare and Medicaid... but OK.

    I don't know how you get great intel when the foot soldiers were put OOB and Clinton watched the UN get their asses kicked out of Iraq in 1998. It does not negate the facts that Saddam posed a threat. It was consistent with his history. It was these facts that drove Democrats to vote twice in favor of sending troops.

    Where was Congressional oversight? Oh right! The Dems were busy plugging the leaks created from decades of hostility to our military and intel services... before they did an about-face when the troops needed their support the most.

    The Republicans were believers.
    All but one Democrat were the most vile of opportunists.

    Here is more to chew on. Because Clinton went to the UN for eight years, let them run a good portion of our Iraq policy... got the majority of the whopping 16 UN Resolutions passed... the UN was empowering Saddam... with Clinton's knowledge? He knew about the illegal sale of oil.

    Fact: With the UN corrupt to the core (Oil for Food) allowed Saddam to believe he had the deck stacked in his favor.

    Fact: Saddam was used to hollow threats from Clinton, he didn't reckon with Bush meaning precisely what he said.

    Fact: Bush gave him more than one chance. Saddam refused.

    It looks like the UN corruption gave Saddam false hope. Had the UN been straight, the war... loss of American blood might have been prevented.

    Corruption, like pacifism... and issuing hollow threat after hollow threat... has its costs.
    Zimmer, don't you know it is not nice to confront Liberals hypocrisy with the facts?

  6. #136
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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by RightinNYC View Post
    And why do you think the government acquired so much in tax revenue?


    (Hint: It's related to the tech bubble)
    Tax income is completely irrelevant if you keep spending more than you earn.
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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Maximus Zeebra View Post
    Tax income is completely irrelevant if you keep spending more than you earn.
    Considering "tax income" IS "what you earn," I think "tax income" is certainly relevant if you're trying to avoid spending more than you earn.
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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by RightinNYC View Post
    Considering "tax income" IS "what you earn," I think "tax income" is certainly relevant if you're trying to avoid spending more than you earn.
    If you run deficits you keep spending more than you earn, its irrelevant than if tax income is $2.1 trillion or $2.4 trillion. Its still budget deficits.

    You had a housing boom and many other booms in the 90s and which kept continuing long into the Bush terms, yet he ran deficits, so it seems irrelevant.
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  9. #139
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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by Maximus Zeebra View Post
    If you run deficits you keep spending more than you earn, its irrelevant than if tax income is $2.1 trillion or $2.4 trillion. Its still budget deficits.

    You had a housing boom and many other booms in the 90s and which kept continuing long into the Bush terms, yet he ran deficits, so it seems irrelevant.
    lol

    It most certainly does matter if tax income is $2.1T or $2.4T, especially if expenditures are $2.3T.

    Recap:

    MZ: "Clinton ran a surplus"
    RH: "The tech bubble caused the surplus"
    MZ: "No, the government spent less than they took in, that's why there was a surplus."
    NYC: "And why do you think the government acquired so much in tax revenue? Hint: It's related to the tech bubble"

    Now think real hard about why artificially inflated tax revenues during the late 90's might have had an impact on whether or not the US had a budget surplus.
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  10. #140
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    Re: Obama vows to cut huge deficit in half

    Quote Originally Posted by RightinNYC View Post
    lol

    It most certainly does matter if tax income is $2.1T or $2.4T, especially if expenditures are $2.3T.

    Recap:

    MZ: "Clinton ran a surplus"
    RH: "The tech bubble caused the surplus"
    MZ: "No, the government spent less than they took in, that's why there was a surplus."
    NYC: "And why do you think the government acquired so much in tax revenue? Hint: It's related to the tech bubble"

    Now think real hard about why artificially inflated tax revenues during the late 90's might have had an impact on whether or not the US had a budget surplus.
    Yeah, thats exactly what you think I said, but its actually the completely opposit..

    You think the tech bubble is the reason for the surplus of Clinton, yet your tax incomes were greater under Bush who ran huge deficits, so tax incomes is irrelevant.

    And yes, if your tax income is $2.1 trillion and you spend $2.3 trillion, or if your tax income is 2.5 trillion and you spend 2.9 trillion, tax income is still irrelevant to surpluses or deficits, because it ONLY depends on how much you spend vs how much you make. Obviously a rather advanced concept for you to understand.

    I can write you a 5 page explanation if you still do not understand.
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