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Thread: November Deficit Highest on Record

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    Re: November Deficit Highest on Record

    Quote Originally Posted by Conservative View Post
    As for your claim of a surplus again I ask you to provide non partisan, verifiable facts of that statement. If there was a surplus then that surplus is required to go against the debt and the debt rose each year of the Clinton term. There was no yearly budget surplus under Clinton and you can get the numbers at the U.S. Treasury Department which is the checkbook of the United States.
    And that's using the bogus debt number anyways, which excludes all the unfunded liabilities for SS and Medicare. The accurate debt figure today is $54 Trillion, not $13 Trillion or whatever.

    Correction: that is using the deficit and not addressing the debt.
    Last edited by reefedjib; 12-13-10 at 10:58 AM.

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    Re: November Deficit Highest on Record

    Quote Originally Posted by reefedjib View Post
    And that's using the bogus debt number anyways, which excludes all the unfunded liabilities for SS and Medicare. The accurate debt figure today is $54 Trillion, not $13 Trillion or whatever.

    Correction: that is using the deficit and not addressing the debt.
    Deficits lead to the debt and regardless of the number, there never was a budget surplus under Clinton nor were 22 million jobs created as Haymarket claims

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    Re: November Deficit Highest on Record

    Quote Originally Posted by obvious Child View Post
    Really? Tell me, can you operate a new oil drilling platform with no new staff when your current staff are completely busy? Tell me, if you hire new staff to run the platform which brings in additional revenue, have those staff brought in more revenue? Say, if an auditing firm just got selected for a massive new audit but didn't have the current staff to run the audit and was in real danger of losing that account because of lack of staff, would bringing in new staff to run the audit generate more revenue? During the holidays, if a retailer does not hire new staff and lines back out the door to the point where customers put back their items and leave, has the lack of additional staff cost revenue?



    See above.

    You can flee as fast as your legs can carry you from the thread now Apdst.
    As usual, you missed the point. Perhaps you can send me another PM hackin' on me. However, the point is, you don't hire new personel to operate a drilling rig, if there's no new wells to drill, because no one is buying oil.

    That's how it works out here in ther real world. No new business, no new employees. Not: more new tax breaks, more new employees. The latter is the most idiotic thing I've ever heard of.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: November Deficit Highest on Record

    Conservative
    You creid FOUL when I linked to a media source of info on tax and jobs telling me to use the authoritative govt stats. But now, you want to support your own right wing opinion by presenting other right wing opinion from they hyper partisan Heritage Society.



    sorry but not buying what either of you are selling.

    I am on a plane into new Orleans and it's about to land. I will be back on Friday to pick this up. In the meantime. It's a culinary vacation for my wife and I.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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    Re: November Deficit Highest on Record

    Quote Originally Posted by haymarket View Post
    Conservative
    You creid FOUL when I linked to a media source of info on tax and jobs telling me to use the authoritative govt stats. But now, you want to support your own right wing opinion by presenting other right wing opinion from they hyper partisan Heritage Society.



    sorry but not buying what either of you are selling.

    I am on a plane into new Orleans and it's about to land. I will be back on Friday to pick this up. In the meantime. It's a culinary vacation for my wife and I.
    Enjoy your vacation, I will be here when you get back. All I pointed out to you was actual data that refuted the media report. You bought the media report and ignored the actual data finally admitting that you looked at the wrong line. It looks to me like that isn't the only wrong line you looked at. Go to the U.S. Treasury site and get the debt by year and show me the Clinton surplus. Then ask yourself why the media lied to you?

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    Re: November Deficit Highest on Record

    Quote Originally Posted by Conservative View Post
    Deficits lead to the debt and regardless of the number, there never was a budget surplus under Clinton nor were 22 million jobs created as Haymarket claims
    I agree, no budget surplus. Much of the deficit in the past decade was to reconstitute all of the defense and intelligence cuts made under Clinton.

    I do think there was 18 - 22 million jobs created, but it CERTAINLY was not due to tax increases. That is just idiotic. There are so many factors in play with a growing economy and the new industries (computers, software, internet, cell phones) we led the world with.

    I do not think increasing taxes right now is beneficial (one side calls it a tax increase, which it would be, while the other side calls is rolling back tax cuts. Same ****ing difference). But I also don't think preserving the tax cuts or even increasing them is sufficient to solve our problems of a languid economy, sufficient to bring the unemployment rate (even if it were accurately accounted for) of 9.8% or whatever back to under 5%. I agree with obvious child that a new industry is needed. I am intrigued by his mention of government lending to loosen up credit.

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    Re: November Deficit Highest on Record

    Quote Originally Posted by reefedjib View Post
    I agree, no budget surplus. Much of the deficit in the past decade was to reconstitute all of the defense and intelligence cuts made under Clinton.

    I do think there was 18 - 22 million jobs created, but it CERTAINLY was not due to tax increases. That is just idiotic. There are so many factors in play with a growing economy and the new industries (computers, software, internet, cell phones) we led the world with.

    I do not think increasing taxes right now is beneficial (one side calls it a tax increase, which it would be, while the other side calls is rolling back tax cuts. Same ****ing difference). But I also don't think preserving the tax cuts or even increasing them is sufficient to solve our problems of a languid economy, sufficient to bring the unemployment rate (even if it were accurately accounted for) of 9.8% or whatever back to under 5%. I agree with obvious child that a new industry is needed. I am intrigued by his mention of government lending to loosen up credit.
    Finance industry makes a ton of money lending it out, you would think that direct govt loans would be a money making proposition for America, but then again, the people doing the lending will be govt employees....
    If you thing private industry on Wall Street bears watching....
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    Re: November Deficit Highest on Record

    Quote Originally Posted by UtahBill View Post
    Finance industry makes a ton of money lending it out, you would think that direct govt loans would be a money making proposition for America, but then again, the people doing the lending will be govt employees....
    If you thing private industry on Wall Street bears watching....
    True enough. It will probably be the same folks who loosened the lending rules for Fanny Mae and Freddie Mac. Damn, the financial industry is so ****ing opaque: from CDS and derivatives, stocks, commodities, bonds, to the franctional banking system led by the fed. I saw an article in either the Wash Post or the NYT talking about how the top commercial banks have a club they have created to protect their interests in trading in the derivatives market and excluding other banks from entry. That kinda sounds like a cartel to me. There is just a ****load of funny business that seems to go on in the financial industry.

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    Re: November Deficit Highest on Record

    Quote Originally Posted by haymarket View Post
    Conservative
    You creid FOUL when I linked to a media source of info on tax and jobs telling me to use the authoritative govt stats. But now, you want to support your own right wing opinion by presenting other right wing opinion from they hyper partisan Heritage Society.



    sorry but not buying what either of you are selling.

    I am on a plane into new Orleans and it's about to land. I will be back on Friday to pick this up. In the meantime. It's a culinary vacation for my wife and I.
    Who would wanna go to New Orleans, in this weather?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: November Deficit Highest on Record

    Quote Originally Posted by haymarket View Post
    Like the great Bernie Sanders asks "when is enough enough"?
    When I decide I've had enough, and that I have managed to earn more and what I do with it is none of the Feds, Obama's or your business.

    I hope you don't mind if I come into your house and help myself to the fruits of your labor?

    .
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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