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Posted on 4/3/14 at 5:37 pm to the808bass
Federal deficit and budget surplus are two different things. Thing is, Congress controls the purse strings, it was R's under Clinton when a budget surplus was claimed. It wasD's who contributed to the economic disaster we have been under, due to the housing issues they forced upon lenders.
Posted on 4/3/14 at 5:42 pm to Alahunter
Sure. They're different things. But if you spend a surplus and it doesn't decrease your liabilities, it's not really a surplus. It's an accounting surplus.
If I get a bonus at work and go to the casino, that "surplus" hasn't benefitted me in any tangible financial way.
If I get a bonus at work and go to the casino, that "surplus" hasn't benefitted me in any tangible financial way.
Posted on 4/3/14 at 5:42 pm to Alahunter
Posted on 4/3/14 at 5:42 pm to the808bass
quote:SS ran a surplus that was bigger than the govt. deficit so even though the national debt technically went up the govt took in more money than it spent. And just using your number -91B is better than -1.5T
Wouldn't be the first time Cato has gotten something wrong. During no year of the Clinton Presidency did the Federal Debt decrease. If an actual, rather than accounting, surplus had occurred, the debt would have decreased.
math
quote:You talking about Gramm right?
I don't know why he did it
This post was edited on 4/3/14 at 5:55 pm
Posted on 4/3/14 at 5:51 pm to Alahunter
quote:
Best: Reagan. Had his faults, as any other President has, but great communicator and brought the parties together on a lot of issues.
Worst: Sitting in office now. Easily replaces the ineptness of Carter.
Among the worst:
Carter - just totally inept
GWB - Patriot Act
Clinton - scandalous President who is more responsible for 9/11 than Bush, appointed the likes of Reno, Holder and Elders to positions they weren't fit for. No telling how much harm was done, due to his focus on his coverups, instead of doing his duty. Hillary's Universal Healthcare, done in secret.
No opinion really:
Bush Sr
Nixon
Pretty much agree with this.
Posted on 4/3/14 at 6:33 pm to sorantable
Best is Sorantable
Worst is Sorantable
Worst is Sorantable
Posted on 4/3/14 at 6:56 pm to MIZ_COU
quote:
quote: I don't know why he did it
Frick Gramm.
Clinton did it the same reason every politician does 48% of the things they do - campaign donations. Another 48% is geneally done to secure votes. 4% is done on sheer accident.
Posted on 4/3/14 at 6:57 pm to MIZ_COU
quote:
SS ran a surplus
That anyone can type this with any sort of seriousness shows had far gone we are.
Posted on 4/3/14 at 8:09 pm to the808bass
quote:I can provide multiple links for this, unlike you who never backs up anything. You do know that just because a thought goes through your head does not make it an indisputable fact right? (and if you say yes you are completely full of shite)
That anyone can type this with any sort of seriousness shows had far gone we are.
quote:Why does he get off so easy?
frick Gramm
Posted on 4/3/14 at 8:33 pm to sorantable
Best: Reagan - He restored hope in America, his economic policies started the turnaround from the Carter trainwreck. His foreign policy with Russia regarding the Cold War was astounding. To this day he still holds above a 70% approval rating. He didn't use the Gov't to overreach into people's personal lives like GWB and Obama have.
Honorary Mention goes to Clinton. He had his scandals, but he was a decent leader, he worked well across the aisle to compromise, no major wars, good economy.
Worst: Obama. What this man has done to expand the reach of the Fed. Gov into people's lives, and to expand the size of FedGov, will hurt this nation for a long time with regards to privacy rights and fiscal responsibility. HIs foreign policy is a complete failure, he has made this country a laughing stock worldwide and the result of this could be devastating as far as stability in the world is concerned. His economic policies haven't improved our economy, we have a larger percentage of people not in the workforce than ever before, and massive debt that we may not ever get out of. His signature healthcare legislation is a disaster so far, and will cost us billions. He is just as incompetent as they come.
Honorary Mention: Lyndoon Johnson. He was a racist prick who founded the Great Society (welfare). He was quoted saying many racist things in regards to black people and his whole agenda of welfare was to gain the black vote and keep them in poverty at the same time. And it worked. His leadership as Commander in Chief over Vietnam was a disaster also.
Ford - irrelevant
H.W. - He was ok. Nothing great. Nothing bad.
Nixon - lying crook
Carter - Incompetent idiot. Good intentions, bad execution.
GWB - Started out good, went downhill with Iraq invasion and legislation such as the Patriot Act which has been abused to infringe on people's privacy rights ever since.
Honorary Mention goes to Clinton. He had his scandals, but he was a decent leader, he worked well across the aisle to compromise, no major wars, good economy.
Worst: Obama. What this man has done to expand the reach of the Fed. Gov into people's lives, and to expand the size of FedGov, will hurt this nation for a long time with regards to privacy rights and fiscal responsibility. HIs foreign policy is a complete failure, he has made this country a laughing stock worldwide and the result of this could be devastating as far as stability in the world is concerned. His economic policies haven't improved our economy, we have a larger percentage of people not in the workforce than ever before, and massive debt that we may not ever get out of. His signature healthcare legislation is a disaster so far, and will cost us billions. He is just as incompetent as they come.
Honorary Mention: Lyndoon Johnson. He was a racist prick who founded the Great Society (welfare). He was quoted saying many racist things in regards to black people and his whole agenda of welfare was to gain the black vote and keep them in poverty at the same time. And it worked. His leadership as Commander in Chief over Vietnam was a disaster also.
Ford - irrelevant
H.W. - He was ok. Nothing great. Nothing bad.
Nixon - lying crook
Carter - Incompetent idiot. Good intentions, bad execution.
GWB - Started out good, went downhill with Iraq invasion and legislation such as the Patriot Act which has been abused to infringe on people's privacy rights ever since.
Posted on 4/3/14 at 8:35 pm to MIZ_COU
quote:
I can provide multiple links for this, unlike you who never backs up anything. You do know that just because a thought goes through your head does not make it an indisputable fact right? (and if you say yes you are completely full of shite)
Lol. Social Security is unfunded. The fact it contributed to a slight decline in intergovernmental debt a couple decades ago is awesome. It's also laughable. A bunch of IOUs in a suitcase a la Dumb and Dumber isn't going to pay anyone.
I wasn't disputing your facts (it's a shuffling of intergovernmental debt is all and still not a true surplus). I was just pointing out that it's sad we've been tricked into thinking that way about Social Security.
This post was edited on 4/3/14 at 8:35 pm
Posted on 4/3/14 at 8:36 pm to MIZ_COU
quote:
Why does he get off so easy?
Who says he gets off easy?
Posted on 4/3/14 at 8:38 pm to heartbreakTiger
quote:
Reagan would be the best but his love for the war on drugs drops him
I could agree with this, but there was a huge problem with drug trafficking in the 80s, and a crack cocaine epidemic.
I think the WOD is a more "hindsight is 20/20 thing". At the time, he was doing what the people wanted and what seemed best. I don't think they anticipated the costs it would have.
But not a single president in our history was perfect. The good ones are ones who do more good than bad..the bad ones do more bad than good.
Posted on 4/3/14 at 8:41 pm to Alahunter
quote:
Thing is, Congress controls the purse strings, it was R's under Clinton when a budget surplus was claimed. It wasD's who contributed to the economic disaster we have been under, due to the housing issues they forced upon lenders.
I'm pointing this out too...when people talk about Reagans deficit spending..they forget the D's controlled both chambers for a large portion of his tenure.
Posted on 4/3/14 at 8:51 pm to the808bass
quote:Thanks for the links
Lol. Social Security is unfunded.
and now I have to figure out what that 7% that comes out of my pay and the matching 7% that the employer pays and the 14% self employment tax is for.
This post was edited on 4/3/14 at 8:53 pm
Posted on 4/3/14 at 9:00 pm to MIZ_COU
Posted on 4/3/14 at 9:23 pm to the808bass
Yah that's just a bunch of statements too.
But you are right, I will never be able to match your immense wisdom and am beyond help. Thanks for trying.
But you are right, I will never be able to match your immense wisdom and am beyond help. Thanks for trying.
Posted on 4/3/14 at 9:51 pm to MIZ_COU
The statements are based upon reports from the trustees of the Social Security Fund. But yeah, like many facts, when you put them into sentences they become statements.
Posted on 4/3/14 at 11:54 pm to TreyAnastasio
quote:
brought healthcare to all Americans.
I thought that shite was suppose to be free?
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