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Thread: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

  1. #201
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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by ptif219 View Post
    Wrong Clinton just took money from other places to make it appear there was a surplus.

    From post 82

    For example, in 2000, Clinton claimed a $230B surplus, but Clinton borrowed
    $152.3B from Social Security
    $30.9B from Civil Service Retirement Fund
    $18.5B from Federal Supplementary Medical insurance Trust Fund
    $15.0B from Federal Hospital Insurance Trust Fund
    $9.0B from the Federal Unemployment Trust Fund
    $8.2B from Military Retirement Fund
    $3.8B from Transportation Trust Funds
    $1.8B from Employee Life Insurance & Retirement fund
    $7.0B from others

    Total borrowed from off budget funds $246.5B, meaning that his $230B surplus is actually a $16.5B deficit.
    ($246.5B borrowed - $230B claimed surplus = $16.5B actual deficit).




    Here are a couple of epic fail signs for you, take your pick. Might I suggest the second one(Joe Btfsplk) as it kinda matches your handle.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  2. #202
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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by misterman View Post
    Wrong.

    In FY2000, the total money the government took in exceeded the amount spent, including all trust funds, etc. Period.

    The $246.5B "borrowed" was borrowed from the government, going to the government. So it nets to zero.
    I think this is the point that continues to go over their head. It is a net zero. Interest incurred on governmental holdings will continue to increase until this specific aspect of financialization begins to reverse.
    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

  3. #203
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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by Goldenboy219 View Post
    I think this is the point that continues to go over their head. It is a net zero. Interest incurred on governmental holdings will continue to increase until this specific aspect of financialization begins to reverse.
    Yes, and it's very unfortunate that the Treasury lumps intragovernmental holdings in with debt held by the public. It confuses people.

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by misterman View Post
    Wrong.

    In FY2000, the total money the government took in exceeded the amount spent, including all trust funds, etc. Period.

    The $246.5B "borrowed" was borrowed from the government, going to the government. So it nets to zero.
    Borrowing from non budget funds means there was a deficit Nice spin though

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by Goldenboy219 View Post
    I think this is the point that continues to go over their head. It is a net zero. Interest incurred on governmental holdings will continue to increase until this specific aspect of financialization begins to reverse.
    Borrowing from places is still borrowing and you did not meet your budget and did not have a surplus or would not have had to borrow within the government.

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by ptif219 View Post
    Borrowing from non budget funds means there was a deficit Nice spin though
    No it doesn't.

    Please read what I wrote again. You are confused.

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by ptif219 View Post
    Borrowing from places is still borrowing and you did not meet your budget and did not have a surplus or would not have had to borrow within the government.
    No. It means one government program had a deficit but another had a larger surplus, so the government as a whole had a surplus. Simple math.

    And in FY2000, there was an on-budget surplus, meaning a surplus even without counting the surplus in Social Security.
    Last edited by misterman; 11-20-09 at 04:18 PM.

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by misterman View Post
    No it doesn't.

    Please read what I wrote again. You are confused.
    I am not I just Know borrowing means there is no surplus.

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by misterman View Post
    No. It means one government program had a deficit but another had a larger surplus, so the government as a whole had a surplus. Simple math.

    And in FY2000, there was an on-budget surplus, meaning a surplus even without counting the surplus in Social Security.
    What did Clinton do with the so called surplus you claim?

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    Re: Exclusive: Jobs 'Saved or Created' in Congressional Districts That Don't Exist

    Quote Originally Posted by misterman View Post
    No. It means one government program had a deficit but another had a larger surplus, so the government as a whole had a surplus. Simple math.

    And in FY2000, there was an on-budget surplus, meaning a surplus even without counting the surplus in Social Security.


    Surplus in SS? When was that?


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