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Thread: Next in Line for a Bailout: Social Security

  1. #121
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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by NoJingoLingo View Post
    Don't you know that the CBO can only be used in favor of rightwing positions? You can't just trot out their figures when they disagree with republicans.
    Sorry. I will try to remember that.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Next in Line for a Bailout: Social Security

    Thats not good enough for you. Now I should provide 2 sources. You want me to do your research to?

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by USA-1 View Post
    FactCheck.org: During the Clinton administration was the federal budget balanced? Was the federal deficit erased?

    This chart, based on historical figures from the nonpartisan Congressional Budget Office, shows the total deficit or surplus for each fiscal year from 1990 through 2006. Keep in mind that fiscal years begin Oct. 1, so the first year that can be counted as a Clinton year is fiscal 1994. The appropriations bills for fiscal years 1990 through 1993 were signed by Bill Clinton's predecessor, George H.W. Bush. Fiscal 2002 is the first for which President George W. Bush signed the appropriations bills, and the first to show the effect of his tax cuts.



    The Clinton years showed the effects of a large tax increase that Clinton pushed through in his first year, and that Republicans incorrectly claim is the "largest tax increase in history." It fell almost exclusively on upper-income taxpayers. Clinton's fiscal 1994 budget also contained some spending restraints. An equally if not more powerful influence was the booming economy and huge gains in the stock markets, the so-called dot-com bubble, which brought in hundreds of millions in unanticipated tax revenue from taxes on capital gains and rising salaries.

    Clinton's large budget surpluses also owe much to the Social Security tax on payrolls. Social Security taxes now bring in more than the cost of current benefits, and the "Social Security surplus" makes the total deficit or surplus figures look better than they would if Social Security wasn't counted. But even if we remove Social Security from the equation, there was a surplus of $1.9 billion in fiscal 1999 and $86.4 billion in fiscal 2000. So any way you count it, the federal budget was balanced and the deficit was erased, if only for a while.
    Then how did the deficit increase?

  4. #124
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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by NoJingoLingo View Post
    Don't you know that the CBO can only be used in favor of rightwing positions? You can't just trot out their figures when they disagree with republicans.
    The CBO is not political..............
    "God Bless Our Troops in Harms Way."

  5. #125
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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by ptif219 View Post
    Then how did the deficit increase?
    When?...,,
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by Navy Pride View Post
    The CBO is not political..............
    They're going to start telling us, most piously, that Factcheck.org isn't political, either.

  7. #127
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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by Scarecrow Akhbar View Post
    They're going to start telling us, most piously, that Factcheck.org isn't political, either.
    Factcheck used CBO numbers.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by USA-1 View Post
    Factcheck used CBO numbers.
    Right.

    And the CBO isn't political, right?

    I mean, when the CBO numbers match the propaganda you want to believe, they're not political, right?

  9. #129
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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by Scarecrow Akhbar View Post
    Right.

    And the CBO isn't political, right?

    I mean, when the CBO numbers match the propaganda you want to believe, they're not political, right?
    OK, now I get it. You can use CBO numbers, but I can't.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Next in Line for a Bailout: Social Security

    Quote Originally Posted by USA-1 View Post
    When?...,,
    When there was a surplus

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