NOPE!!! You are the one denying the CBO data because it doesn't support YOUR claims. That is why you are trying to use Treasury Dept data instead of the CBO.The CBO for some reason has credibility but only when it makes claims that you support.
PURE RUBBISH. You asked why the Treasury reports didn't include Clinton's surplus and I told you why. And now like a typical conservative, you're trying to avoid admitting you were wrong.The Treasury shows where the money was spent and somehow in your world that isn't accurate. Where it is supposed to be spent and where it WAS spent are two different things. There was an increase in debt every year of Bill Clinton thus no surplus.
Really? Because I checked the Treasury Dept website and guess what? It says you're WRONG.....The Treasury Dept. shows where the money was spent and that is all that matters, money spent and revenue collected. Clinton added 1.3 trillion to the debt and no year during his Administration did the dbet go down.
Bureau of the Public Debt: Our History
"The buildup to World War II brought the debt up another order of magnitude from $51 billion in 1940 to $260 billion following the war. After this period, the debt's growth closely matched the rate of inflation until the 1980s, when it again began to increase rapidly.
Between 1980 and 1990, the debt more than tripled. The debt shrank briefly after the end of the Cold War, but by the end of FY 2008, the gross national debt had reached $10.3 trillion, about 10 times its 1980 level.
Sorry, but the Treasury Department says you've lost the debate.Tax rate cuts=higher consumer spending=greater demand=more jobs=more govt. revenue. Why the passion for higher taxes and no apparent concern over how the money is spent?
See the Treasury Dept. chart above. Clinton reduced spending and raised taxes on the wealthy and the national debt turned into a budget surplus. Then Bush came into office, increased spending and cut taxes and the budget surplus quickly turned into a $10.3 trillion national debt. There is no way that reduced revenue will reduce the national debt. Only an idiot would think it does.Tax cuts didn't create the debt, spending and the recession caused by the financial bubble bursting did.
Well good, because the reality is you've lost the debate.I prefer to base my reality on actual results, not rhetoric or partisan policy that ignores spending and promotes taking more money from the American people
Last edited by Moot; 11-06-10 at 09:48 PM.
You are nuts, the debt never went down during the Clinton years, it went from 4.4 trillion to 5.7 trillion according to the U.S. Treasury Dept and they should know. Reagan debt grew 1.7 trillion in 8years and Obama has increased the debt 3 trillion in two years. What purpose does it serve to relive the past and ignore the present?Moot;1059087015]WRONG!!! The debt tripled during Reagan's term. Then after the Cold War ended, the debt went down during Clinton's term. Then when Bush took office, the debt skyrocketed to over $10 TRILLION.
.You are the one denying the CBO data because it doesn't support YOUR claims. That is why you are trying to use Treasury Dept data instead of the CBO
CBO is the CONGRESSIONAL BUDGET OFFICE and reports to the Congress, The U.S. Treasury is the checkbook of the United States. That is like saying your bank really doesn't have an accurate accounting of your finances so we should pay more attention to an agency that makes predictions. There is quite a bit of ignorance here regarding CBO. Better check out their accuracy.
Yes, you did because in your world Intergovt. holdings aren't really debt, but in the real world public debt and intergovt. debt added together is what we pay debt service on. Only in the liberal world can you borrow (steal) from SS and make the public debt look better. That would get you thrown in jail in the real world.You asked why the Treasury reports didn't include Clinton's surplus and I told you why. And now like a typical conservative, you're trying to avoid admitting you were wrong.
Last edited by Conservative; 11-06-10 at 09:57 PM.
Ending National Debt Deficit
FY1993 09/30/1993 $4.411488 trillion
FY1994 09/30/1994 $4.692749 trillion $281.26 billion
FY1995 09/29/1995 $4.973982 trillion $281.23 billion
FY1996 09/30/1996 $5.224810 trillion $250.83 billion
FY1997 09/30/1997 $5.413146 trillion $188.34 billion
FY1998 09/30/1998 $5.526193 trillion $113.05 billion
FY1999 09/30/1999 $5.656270 trillion $130.08 billion
FY2000 09/29/2000 $5.674178 trillion $17.91 billion
FY2001 09/28/2001 $5.807463 trillion $133.29 billion
Last edited by Conservative; 11-06-10 at 10:17 PM. Reason: Added Treasury Link