RE: How the Deficit Got This Big????

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RE: How the Deficit Got This Big???? - 9/14/2011 6:52:21 PM

Raiikun

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quote:

ORIGINAL: Owner59

Tax cuts are a cost.

They have to be offset with other moneys.

Which is why a common Libertarian view I know if is that a tax cut isn't really a cut unless it's included with a spending cut.

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RE: How the Deficit Got This Big???? - 9/14/2011 6:53:52 PM

farglebargle

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"How the Deficit Got This Big????"

One day, Deficit came home from class and his roommate packed him a bong hit of weed.

Then they watched Newshour and ordered Chinese Food.

Lather, Rinse, Repeat.

Next thing you know, the guy smoked more weed than Willie Nelson, is the delivery guy's best friend, and weighs 350 pounds.

Tragic, but we all knew how this would end when he started watching Newshour. That shit'd fuck anybody up...

< Message edited by farglebargle -- 9/14/2011 6:54:28 PM >

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RE: How the Deficit Got This Big???? - 9/14/2011 6:55:50 PM

SternSkipper

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quote:

Well one quibble with the charts...it showing a surplus in the Clintion years, when in fact, the US's debt increased those same years. (Source, the US Treasury website).

Well ... least you used the right term "quibble" is about all you can do with the mighty IMPRESSIVE downward trend the treasury flected CLEAR ACROSS the Clinton Presidency.
Agreed, you doth quibble

Now go into the same app and plug in January 20 2001 and January 20 2009 it would be nice to see the comparisons if quibbling is your sport... Sport.

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RE: How the Deficit Got This Big???? - 9/14/2011 6:59:15 PM

SternSkipper

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quote:

One day, Deficit came home from class and his roommate packed him a bong hit of weed.
Then they watched Newshour and ordered Chinese Food.
Lather, Rinse, Repeat.
Next thing you know, the guy smoked more weed than Willie Nelson, is the delivery guy's best friend, and weighs 350 pounds.
Tragic, but we all knew how this would end when he started watching Newshour. That shit'd fuck anybody up...

Harold and Kuhmar are going to be SO PISSED when they see you stole their economic model

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RE: How the Deficit Got This Big???? - 9/14/2011 7:03:03 PM

SternSkipper

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quote:

Tragic, but we all knew how this would end when he started watching Newshour. That shit'd fuck anybody up...

I saw the same thing happen with a couple of deadheads playing spacequest 3 in a basement in upstate ny a long time ago... less money was used up though... I think the weed mighta been free

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RE: How the Deficit Got This Big???? - 9/14/2011 7:10:57 PM

Lucylastic

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quote:

ORIGINAL: Raiikun

quote:

ORIGINAL: Lucylastic

Id like a link then please, because the first graph does have a column with the figure in "the black", so please feel free to provide the figures stating otherwise.

What I was referring to, is the chart shows the cost of war under the Bush column as $1.469 trillion. There are varying sites with varying estimates, but this one for instance: http://costofwar.com/en/ shows a cost of 1.2 trillion from 2001 until now. And since Obama has seemingly been glad to continue those military operations, it does seem a little unfair to include the entire number in the Bush column.

cost of war site uses NPP figures, which in turn uses gov site figures... OMB at least..I have to leave but I look forward to picking this up in the morning

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RE: How the Deficit Got This Big???? - 9/14/2011 7:14:13 PM

tazzygirl

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quote:

ORIGINAL: Raiikun

Also, looking further at the CBO's numbers, look a the "Surplus" for 1998, it shows 69.3 billion. So if that's the actual surplus, looking at the 1997 debt of $3,772.3 billion and apply it, you would think the new debt would be $3,703 billion...instead the CBO shows a debt of $3,721.1 billion, indicating a "surplus" of only $51.2 billion.

That there should be enough to tell you the CBO isn't telling the full story.

The indisputable fact still remains: During the Clinton years, the total national debt increased every year. Only in Washington D.C. would that somehow be considered a "surplus."

They never said it didnt. Public debt decreased, the budget was balanced and the defisit decreased...

< Message edited by tazzygirl -- 9/14/2011 7:15:03 PM >

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RE: How the Deficit Got This Big???? - 9/14/2011 7:22:52 PM

Raiikun

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quote:

ORIGINAL: SternSkipper

Now go into the same app and plug in January 20 2001 and January 20 2009 it would be nice to see the comparisons if quibbling is your sport... Sport.

Why, is that part inaccurate on the chart too? Because I was just pointing out inaccuracies.

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RE: How the Deficit Got This Big???? - 9/14/2011 7:26:06 PM

Raiikun

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ORIGINAL: tazzygirl

They never said it didnt. Public debt decreased, the budget was balanced and the defisit decreased...

I agree the deficit decreased (though didn't go away), but National Debt increased (the only debt number that matters), hence, there was no surplus.

When you owe more at the end of the year than you did at the start, that is not a balanced budget for that year.

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RE: How the Deficit Got This Big???? - 9/14/2011 7:59:38 PM

tazzygirl

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The budget is year to year. When you take in more than you spend out.. its a good thing.

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RE: How the Deficit Got This Big???? - 9/14/2011 8:05:53 PM

Raiikun

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ORIGINAL: tazzygirl

The budget is year to year. When you take in more than you spend out.. its a good thing.

By that logic, if you borrow 100 grand to be paid back next year and gamble 98k away, you still have a 2 grand surplus!

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RE: How the Deficit Got This Big???? - 9/14/2011 8:19:03 PM

SternSkipper

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quote:

Why, is that part inaccurate on the chart too? Because I was just pointing out inaccuracies.

And I'm just pointing out that the larger and more absurd pattern of debt will reveal itself.

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RE: How the Deficit Got This Big???? - 9/14/2011 8:25:02 PM

tazzygirl

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quote:

ORIGINAL: Raiikun

quote:

ORIGINAL: tazzygirl

The budget is year to year. When you take in more than you spend out.. its a good thing.

By that logic, if you borrow 100 grand to be paid back next year and gamble 98k away, you still have a 2 grand surplus!

Dont see anything gambled away. I see bills paid.

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RE: How the Deficit Got This Big???? - 9/14/2011 8:25:38 PM

Owner59

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quote:

ORIGINAL: Raiikun

quote:

ORIGINAL: Owner59

Tax cuts are a cost.

They have to be offset with other moneys.

Which is why a common Libertarian view I know if is that a tax cut isn't really a cut unless it's included with a spending cut.

No,a tax cut is definately a tax cut, no matter what else is going on.

It means someone is getting a special break, resulting in less revinue into the pot.

You can cut spending yes............... or do what bush did for 8 years,.....borrow the money from the Chinese communists.

We all have to pay our taxes.That`s what pays our bills.You want to live and do business in America,you have to pay your share like everyone else.

Why should the rest of us pay the full amount while millionairs get a special break?

We,the middle-class end up paying the difference and since we borrow billions a year,we the middle class and our children end up paying that tab too, as long-term debt.

No more special breaks....for anyone.

< Message edited by Owner59 -- 9/14/2011 8:26:50 PM >

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RE: How the Deficit Got This Big???? - 9/14/2011 8:31:15 PM

Raiikun

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quote:

ORIGINAL: tazzygirl

quote:

ORIGINAL: Raiikun

quote:

ORIGINAL: tazzygirl

The budget is year to year. When you take in more than you spend out.. its a good thing.

By that logic, if you borrow 100 grand to be paid back next year and gamble 98k away, you still have a 2 grand surplus!

Dont see anything gambled away. I see bills paid.

Okay, then change "gambled" to "paid unrelated bills", and my point remains still perfectly intact.

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RE: How the Deficit Got This Big???? - 9/14/2011 8:45:22 PM

tazzygirl

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What unrelated bills? Every bill is related to the running of the government.

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RE: How the Deficit Got This Big???? - 9/14/2011 8:51:29 PM

Raiikun

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ORIGINAL: tazzygirl

What unrelated bills? Every bill is related to the running of the government.

Much of the government's bills aren't related to Social Security.

Those are funds the government is borrowing that *still has to be paid back*.

Which is why, according to the Treasury, the Nation's debt has gone up every year for a long time, including all of the Clinton years. No amount of dancing can change that.

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RE: How the Deficit Got This Big???? - 9/14/2011 9:02:18 PM

Owner59

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Do you think blowing a tril in Iraq had any affect on our finances?

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RE: How the Deficit Got This Big???? - 9/14/2011 9:07:44 PM

Raiikun

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Did I say otherwise?

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RE: How the Deficit Got This Big???? - 9/14/2011 9:10:03 PM

FirstQuaker

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I like this one myself, from wiki -

quote:

It lets you see who was in the various seats while the debt was raised, and you don't need to calculate inflation but can look at the debt as a percentage of the the Gross Domestic Produc.

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