Not that old surplus crud again....lol
Posted By: sam on 2008-11-07
In Reply to: Unbelievable! - Just the big bad
do the research...there was no "surplus." It was a surplus that COULD be IF spending was not increased over like 10 years. Like Congress could go 10 years without increasing spending. Clinton did NOT leave a surplus.
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- Unbelievable! - Just the big bad
- Not that old surplus crud again....lol - sam
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Me too. I have to speak up when I see someone posting crud...
and what has been posted is pretty much crud. No issues, no candidates...juvenile Bush bushing = crud. You are the one who posts under different monikers and singles people out...that, my friend, is the definition of stalking.
You have been listening to crud for 2 years...
and buying it every step of the way. Drink up!
and came in with a huge surplus!
I repeat....there was no surplus...
that was just clever use of word. It was a "projected" surplus, and it was contingent upon a cap on federal spending for 15 years, and no added federal programs. There was no real "surplus" sitting around.
Mea culpa on the borrowing. I have already said Bush spent like a drunken sailor. Spending needs to be curbed. Neither candidate is willing to say what I think needs to be done...no more new programs and stop the ones that are not working. When we get back in the "black" again, then we can look at increasing programs. Throwing more money at stuff is obviously not the answer.
The budget surplus from BC was a ...
PROJECTED surplus that would happen over 10 years IF no added spending, IF no added programs. Even if the war in Iraq had not happened, Congress could not go 10 years without adding spending and added programs. You act as if there was 559 billion dollars laying around. There wasn't.
I realize that you have bought into the whole socialist class warfare thing. Like O's hero Alinsky said...it doesn't matter if it is the truth or not...it just matters if you can make them believe it.
And they darned sure have made sure you believe it.
Clinton had a surplus because he had a...sm
Republican Congress. Left to his own devices, he would have put us belly up, have no fear.
Bush, has a Democratic Congress at the end of his term, who have really jacked up the national debt, all on their own (war not included, thank you very much).
Surplus-Are we forgetting 9-11
Are you all forgetting that 9 months after being elected we were attacked on our own soil, with thousands of people losing their lives and NY City a disaster? What do you think that did to the surplus and the need to protect our country. How short your memory is until the next time it happens and they you will be begging for a stronger president than we have now.
There was no surplus. That was debunked years ago.
And the Democrats are largely responsible for the shape we are in. John McCain tried to pass legislation in 2005 to regulate Fannie/Freddie. However, Chris Dodd (head of banking and commerce committee, and largest recipient of Fannie/Freddie contributions) and the Democrats blocked it. Fannie/Freddie started this freefall in the economy. Obama is #2 on the contributions list. John McCain is wayyyyy on down the list. Then the democrats (the ones sitting now) pushed by Chris Dodd and Barney Frank in turn pushed fannie/freddie to give all those subprime loans to minorities and lower income folks, to people with either no credit or bad credit, knowing full well most of them didn't have a hope in heck of paying it back...it is THOSE mortgages we are going in hock to pick up.
Franklin Raines, James Johnson, Jamie Gorelick, Timothy Howard...all Democrats, two of them Obama advisors...ALL walked away from Fannie with golden parachute of MILLIONS after cooking the books.
And WE are picking up the tab.
NOBAMA, NODEMOCRAT, NO WAY, NO HOW!!
The surplus also followed him out eh? We know because it's now in the bank accounts of the rich.
A lot of people made a lot of money during the Clinton years - that's real money, honey, and they're still rich, accounting for our current revenues. Without the Clinton boom years your president's buds (and your president himself, let us remind you) wouldn't have gotten their 100,000 tax break checks. Sure, the boom couldn't hold, but the point is that the favorable conditions created by a sounder Democratic fiscal policy allowed that boom to come about.
Now all we have is empty coffers, slashed public spending, and China owns us. Big improvement huh? Oops, but people like Frist are still getting over big time on their big time stock trades - all's clear in the upper 1% But since you likely aren't in it, it's hard to see what you find so appealing about being a credit slave one paycheck away from poverty. Is that working out good for you?
Democratic = surplus - Republican = debt
Based on Congressional accounting rules, at the end of his presidency Clinton reported a surplus of $559 billion.
After 8 years of Bush...As of September 2008, the total U.S. federal debt was approximately $9.7 trillion.
The myth of the Clinton surplus - been disproved -sm
A lot of democrats keep pushing this bogus claim that there was a surplus when in fact there never was. This has been discussed on this board, so by this message I'm assuming you never saw the message or went the the US Treasury website to check it out. Below is a link to it and explains what really happened.
The US National Debt proves there was never a surplus, and the article explains why people claim otherwise for political reasons. - good read. Even my most conservatives friends bought into this surplus craze, and said they were glad their eyes were opened.
I'll credit another poster for origianlly posting this (it's been so long I forget who now).
http://www.letxa.com/articles/16
Like all those years of prosperity, budget surplus
scorched earth administration?
Bush inherited a 559 billion surplus nuff said? NM
x
Bush inherited a 559 billion surplus nuff said? NM
x
The myth of the Clinton surplus...I'm a libertarian but I am sick of hearing this..SM
http://www.letxa.com/articles/16
Oil/oil revenue surplus in Iraq…to reconstruct or not to reconstruct? sm
That is the question. The Bush boo/boo just keeps getting bigger and bigger. http://www.slate.com/id/2081831/
Oil/oil revenue surplus in Iraq…to reconstruct or not to reconstruct? sm
This is the correct link. http://www.nytimes.com/2008/08/06/world/middleeast/06surplus.html?ref=worldspecial
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