• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Are The Republicans Just Jealous??

Campbell

Banned
Joined
Jan 8, 2013
Messages
2,138
Reaction score
473
Location
East Tennessee
Gender
Male
Political Leaning
Liberal
Clinton took over a record deficit, raised taxes, balanced the budget, left a surplus and George Bush came along and cut taxes for the rich not once but twice, started two wars and doubled the national debt. The Republicans never said a word while the unfunded wars were on. Well...Dick Cheney did rake off about $25 million from his holdings in Halliburton but who cares about that?

Now....after stopping one war, throttling another, presiding over the least increase in spending in recent history, cutting the deficit by 1/2 etc. Obama is the wicked black president....Yeah Right!!

Lots of luck with that line in the next election.
 

justabubba

long standing member
DP Veteran
Joined
Dec 22, 2005
Messages
61,578
Reaction score
42,255
Gender
Male
Political Leaning
Independent
Clinton took over a record deficit, raised taxes, balanced the budget, left a surplus and George Bush came along and cut taxes for the rich not once but twice, started two wars and doubled the national debt. The Republicans never said a word while the unfunded wars were on. Well...Dick Cheney did rake off about $25 million from his holdings in Halliburton but who cares about that?

Now....after stopping one war, throttling another, presiding over the least increase in spending in recent history, cutting the deficit by 1/2 etc. Obama is the wicked black president....Yeah Right!!

Lots of luck with that line in the next election.


get your facts right
Obama did NOT cut the deficit in half!!!!!!!!
his has slowed the rate of growth of government spending but that is not the same as cutting the deficit in half
 

Rainman05

Banned
DP Veteran
Joined
Sep 14, 2012
Messages
10,032
Reaction score
4,966
Gender
Male
Political Leaning
Independent
Clinton took over a record deficit, raised taxes, balanced the budget, left a surplus and George Bush came along and cut taxes for the rich not once but twice, started two wars and doubled the national debt. The Republicans never said a word while the unfunded wars were on. Well...Dick Cheney did rake off about $25 million from his holdings in Halliburton but who cares about that?

Now....after stopping one war, throttling another, presiding over the least increase in spending in recent history, cutting the deficit by 1/2 etc. Obama is the wicked black president....Yeah Right!!

Lots of luck with that line in the next election.

get your facts right
Obama did NOT cut the deficit in half!!!!!!!!
his has slowed the rate of growth of government spending but that is not the same as cutting the deficit in half

Technically, he did:
History of Deficits and Surpluses In The United States
[year][init deficit] [adjusted for inflation][pres/senate/house]
2006 $248 Billion Deficit $287.7 Billion Deficit R R R

2007 $161 Billion Deficit $181.51 Billion Deficit R D D

2008 $459 Billion Deficit $498.37 Billion Deficit R D D

2009 $1413 Billion Deficit $1539.22 Billion Deficit D D D

2010 $1294 Billion Deficit $1386.92 Billion Deficit D D D

2011 $1299 Billion Deficit $1350.31 Billion Deficit D D R

2012 $1100 Billion Deficit $1120.16 Billion Deficit D D R

2013 $759 Billion Deficit $759 Billion Deficit D D R

So as we can see, the last time the republicans held the Congress and the WH, the deficit was at 287bil.
When the democrats started gaining control of the Congress, the budget deficit raised as high as 1.5trillion and now that the congress is split, the deficit is down to 760bil/year.
 

joG

DP Veteran
Joined
Jul 27, 2013
Messages
43,839
Reaction score
9,653
Gender
Undisclosed
Political Leaning
Independent
Clinton took over a record deficit, raised taxes, balanced the budget, left a surplus and George Bush came along and cut taxes for the rich not once but twice, started two wars and doubled the national debt. The Republicans never said a word while the unfunded wars were on. Well...Dick Cheney did rake off about $25 million from his holdings in Halliburton but who cares about that?

Now....after stopping one war, throttling another, presiding over the least increase in spending in recent history, cutting the deficit by 1/2 etc. Obama is the wicked black president....Yeah Right!!

Lots of luck with that line in the next election.

Clinton took the peace bonus George Bush (arguably Reagan) had won with large deficits.
 

justabubba

long standing member
DP Veteran
Joined
Dec 22, 2005
Messages
61,578
Reaction score
42,255
Gender
Male
Political Leaning
Independent
Technically, he did:
History of Deficits and Surpluses In The United States
[year][init deficit] [adjusted for inflation][pres/senate/house]
2006 $248 Billion Deficit $287.7 Billion Deficit R R R

2007 $161 Billion Deficit $181.51 Billion Deficit R D D

2008 $459 Billion Deficit $498.37 Billion Deficit R D D

2009 $1413 Billion Deficit $1539.22 Billion Deficit D D D

2010 $1294 Billion Deficit $1386.92 Billion Deficit D D D

2011 $1299 Billion Deficit $1350.31 Billion Deficit D D R

2012 $1100 Billion Deficit $1120.16 Billion Deficit D D R

2013 $759 Billion Deficit $759 Billion Deficit D D R

So as we can see, the last time the republicans held the Congress and the WH, the deficit was at 287bil.
When the democrats started gaining control of the Congress, the budget deficit raised as high as 1.5trillion and now that the congress is split, the deficit is down to 760bil/year.


Obama has NOT cut the deficit i half
what he has accomplished is a slowing of the rate of growth of the nation's fiscal deficit
 

Campbell

Banned
Joined
Jan 8, 2013
Messages
2,138
Reaction score
473
Location
East Tennessee
Gender
Male
Political Leaning
Liberal
get your facts right
Obama did NOT cut the deficit in half!!!!!!!!
his has slowed the rate of growth of government spending but that is not the same as cutting the deficit in half

LOL...kinda grasping aren't you. George W. Bush started two unfunded wars and doubled the national debt. Sept. 30 2009 the first annual interest payment on the Reagan Bushes debt was due and payable...it was $451 billion. For comparison that is over four times what we spend on education and five times what we spend on the infrastructure. You people are numb above the shoulders. Get A Life!
 

justabubba

long standing member
DP Veteran
Joined
Dec 22, 2005
Messages
61,578
Reaction score
42,255
Gender
Male
Political Leaning
Independent
LOL...kinda grasping aren't you. George W. Bush started two unfunded wars and doubled the national debt. Sept. 30 2009 the first annual interest payment on the Reagan Bushes debt was due and payable...it was $451 billion. For comparison that is over four times what we spend on education and five times what we spend on the infrastructure. You people are numb above the shoulders. Get A Life!

get your facts right. Obama did NOT cut the deficit in half!

if he had done so you would gladly produce the numbers proving it. the reality is the deficit has increased during Obama's administration, despite that he has slowed the rate of increase of that deficit
 

Campbell

Banned
Joined
Jan 8, 2013
Messages
2,138
Reaction score
473
Location
East Tennessee
Gender
Male
Political Leaning
Liberal
get your facts right. Obama did NOT cut the deficit in half!

if he had done so you would gladly produce the numbers proving it. the reality is the deficit has increased during Obama's administration, despite that he has slowed the rate of increase of that deficit

Federal Budget Deficit Is GOP


The Congressional Budget Office – Washington's nonpartisan number crunchers – released new projections Tuesday showing that the deficit will fall to $642 billion this fiscal year, a 24 percent drop in its projection from just a few months ago. The improvement is primarily due to increasing revenue and fewer expected outlays to government-backed mortgage giants Fannie Mae and Freddie Mac.

If this holds, it will be the smallest the deficit has been since President Barack Obama took office. As a percentage of the economy, the deficit will have been cut by more than half over Obama's first five years, from 10.1 percent in 2009 to 4 percent in 2013.
 

Neomalthusian

DP Veteran
Joined
May 22, 2011
Messages
10,483
Reaction score
3,101
Gender
Male
Political Leaning
Centrist
Executive branch fixation mixed with blindly partisan arguments makes for an amateur argument.
 

justabubba

long standing member
DP Veteran
Joined
Dec 22, 2005
Messages
61,578
Reaction score
42,255
Gender
Male
Political Leaning
Independent
Federal Budget Deficit Is GOP


The Congressional Budget Office – Washington's nonpartisan number crunchers – released new projections Tuesday showing that the deficit will fall to $642 billion this fiscal year, a 24 percent drop in its projection from just a few months ago. The improvement is primarily due to increasing revenue and fewer expected outlays to government-backed mortgage giants Fannie Mae and Freddie Mac.

If this holds, it will be the smallest the deficit has been since President Barack Obama took office. As a percentage of the economy, the deficit will have been cut by more than half over Obama's first five years, from 10.1 percent in 2009 to 4 percent in 2013.

OK, i understand, now
you don't have an understanding about what those numbers mean

what you mean to say is that the annual federal deficit under Obama, as a percentage of annual federal spending, has fallen to less half of what it was when he entered the white house

that is NOT the same thing as saying he cut the federal deficit in half
 

Compatibilist

Well-known member
Joined
Jul 16, 2010
Messages
775
Reaction score
270
Location
Bunkered in 5 klicks from city hall
Gender
Male
Political Leaning
Conservative
Clinton took over a record deficit, raised taxes, balanced the budget, left a surplus and George Bush came along and cut taxes for the rich not once but twice, started two wars and doubled the national debt. The Republicans never said a word while the unfunded wars were on. Well...Dick Cheney did rake off about $25 million from his holdings in Halliburton but who cares about that?

Now....after stopping one war, throttling another, presiding over the least increase in spending in recent history, cutting the deficit by 1/2 etc. Obama is the wicked black president....Yeah Right!!

Lots of luck with that line in the next election.

Lies, Damn Lies, and Obama Rhetoric
 

Campbell

Banned
Joined
Jan 8, 2013
Messages
2,138
Reaction score
473
Location
East Tennessee
Gender
Male
Political Leaning
Liberal
Technically, he did:
History of Deficits and Surpluses In The United States
[year][init deficit] [adjusted for inflation][pres/senate/house]
2006 $248 Billion Deficit $287.7 Billion Deficit R R R

2007 $161 Billion Deficit $181.51 Billion Deficit R D D

2008 $459 Billion Deficit $498.37 Billion Deficit R D D

2009 $1413 Billion Deficit $1539.22 Billion Deficit D D D

2010 $1294 Billion Deficit $1386.92 Billion Deficit D D D

2011 $1299 Billion Deficit $1350.31 Billion Deficit D D R

2012 $1100 Billion Deficit $1120.16 Billion Deficit D D R

2013 $759 Billion Deficit $759 Billion Deficit D D R

So as we can see, the last time the republicans held the Congress and the WH, the deficit was at 287bil.
When the democrats started gaining control of the Congress, the budget deficit raised as high as 1.5trillion and now that the congress is split, the deficit is down to 760bil/year.

Reagan and the Bushes are responsible for all the debt. Bill Clinton left a surplus with a path to completely paying off the debt and the n the first thing ol' George did was cut tax rates twice. The rest is history:

Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38 Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)(Tax Rates Slashed To Depression Levels0

09/30/1981 $997,855,000,000.00
 

Velvet Elvis

DP Veteran
Joined
Jul 11, 2012
Messages
4,954
Reaction score
2,195
Location
Midwest
Gender
Male
Political Leaning
Libertarian - Right
Ever notice how whenever some 0bama servant mentions "the budget," they never really go past 2013 or 2014.

I wonder why that is?

FA.jpg

The reason it looks good for him, is because he's put all his debt on "layaway" for the future.
 

ARealConservative

cookies crumble
Banned
DP Veteran
Joined
Oct 12, 2006
Messages
14,518
Reaction score
3,438
Gender
Male
Political Leaning
Libertarian
apparently Obama has a surplus too.

all it takes to have a surplus is lie and say you have one.

worked for Clinton. works for Obama
 

Campbell

Banned
Joined
Jan 8, 2013
Messages
2,138
Reaction score
473
Location
East Tennessee
Gender
Male
Political Leaning
Liberal
Ever notice how whenever some 0bama servant mentions "the budget," they never really go past 2013 or 2014.

I wonder why that is?

View attachment 67154445

It might be because at the end of Bush's last budget, Sept.30, 2009 the interest on the debt for that one year was $451 billion. You do realize that's about half a trillion dollars don't you. We wouldn't have a goddam debt if the Republicans had half wits about either leaving tax rates alone or cutting their spending. They've never done either. Of course they have to have their rich man's wars:

MW-AR658_spendi_20120521163312_ME11.jpg
 

Velvet Elvis

DP Veteran
Joined
Jul 11, 2012
Messages
4,954
Reaction score
2,195
Location
Midwest
Gender
Male
Political Leaning
Libertarian - Right
It might be because at the end of Bush's last budget, Sept.30, 2009 the interest on the debt for that one year was $451 billion. You do realize that's about half a trillion dollars don't you. We wouldn't have a goddam if the Republicans had half wits about either leaving tax rates alone or cutting their spending. They've never done either. Of course they have to have their rich man's wars:

MW-AR658_spendi_20120521163312_ME11.jpg

Funny....that infographic stops at 2013 too!

Like I said....all 0bama's done is push off his debt to the future. The Future. THE FUTURE (bigger, so that "the stupid" can understand).

FA.jpg
 

Rainman05

Banned
DP Veteran
Joined
Sep 14, 2012
Messages
10,032
Reaction score
4,966
Gender
Male
Political Leaning
Independent
Reagan and the Bushes are responsible for all the debt. Bill Clinton left a surplus with a path to completely paying off the debt and the n the first thing ol' George did was cut tax rates twice. The rest is history:

Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38 Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)(Tax Rates Slashed To Depression Levels0

09/30/1981 $997,855,000,000.00

No, Clinton had a budget surplus, not a positive balance on the US federal debt and nowhere near being on the path of paying off the debt. So don't try do double-talk it.
 

Velvet Elvis

DP Veteran
Joined
Jul 11, 2012
Messages
4,954
Reaction score
2,195
Location
Midwest
Gender
Male
Political Leaning
Libertarian - Right
Here's another one that goes INTO THE FUTURE

FA.jpg
 

Neomalthusian

DP Veteran
Joined
May 22, 2011
Messages
10,483
Reaction score
3,101
Gender
Male
Political Leaning
Centrist
The Congressional Budget Act of 1974 created the Congressional Budget Office (CBO) and directed more control of the budget to it and away from the President's Office of Management and Budget (OMB).

FederalSpending077.gif

spending-by-congress_13911_image0033.png


Enough with the incessant misattributions and over-attributions to the presidents.
 

Campbell

Banned
Joined
Jan 8, 2013
Messages
2,138
Reaction score
473
Location
East Tennessee
Gender
Male
Political Leaning
Liberal
No, Clinton had a budget surplus, not a positive balance on the US federal debt and nowhere near being on the path of paying off the debt. So don't try do double-talk it.

Not very good with numbers are You?

Reagan slashed tax rates for the wealthiest Americans to levels not seen in 50 years. Then he and Bush41 quadrupled the debt from a trillion to $4.4 trillion. Bill Clinton raised tax rates in 1993/94 while he still had a Democrat majority and in eight years only increased the debt by $1.3 trillion. Bush assumed the surpluses, immediately cut taxes twice, 2001 and 2003 using reconciliation to block Democrat opposition and VOILA! He doubled the debt again from $5.7 trillion to nearly $12 trillion. The debt is the responsibility of the Republicans and their tax cuts for the wealthy.....what else is new?
 

justabubba

long standing member
DP Veteran
Joined
Dec 22, 2005
Messages
61,578
Reaction score
42,255
Gender
Male
Political Leaning
Independent
Not very good with numbers are You?

Reagan slashed tax rates for the wealthiest Americans to levels not seen in 50 years. Then he and Bush41 quadrupled the debt from a trillion to $4.4 trillion. Bill Clinton raised tax rates in 1993/94 while he still had a Democrat majority and in eight years only increased the debt by $1.3 trillion. Bush assumed the surpluses, immediately cut taxes twice, 2001 and 2003 using reconciliation to block Democrat opposition and VOILA! He doubled the debt again from $5.7 trillion to nearly $12 trillion. The debt is the responsibility of the Republicans and their tax cuts for the wealthy.....what else is new?


sorry, but is you who is obviously confused by the numbers
 

Campbell

Banned
Joined
Jan 8, 2013
Messages
2,138
Reaction score
473
Location
East Tennessee
Gender
Male
Political Leaning
Liberal
sorry, but is you who is obviously confused by the numbers

Can You Read? These historical records came from the official bureau of the debt:

Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38 Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)(Tax Rates Slashed To Depression Levels0

09/30/1981 $997,855,000,000.00
 

justabubba

long standing member
DP Veteran
Joined
Dec 22, 2005
Messages
61,578
Reaction score
42,255
Gender
Male
Political Leaning
Independent
Can You Read? These historical records came from the official bureau of the debt:

Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38 Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)(Tax Rates Slashed To Depression Levels0

09/30/1981 $997,855,000,000.00

look at this excerpt from the data you have provided:
09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
notice how $5,674,178,209,886.86 is a higher amount as of fiscal year end 2000 than the $5,656,270,901,615.43 FYE 1999, which is higher than the $5,526,193,008,897.62 at FYE 1998

the accumulated deficit is higher each year


demos grow the deficit at slower rates than republicans
which is a good thing
but that is the only conclusion which can be made from your cited data


being unable to perceive that, based on your erroneous posts, causes me to question your understanding of math
 

davidtaylorjr

Well-known member
Joined
May 30, 2013
Messages
6,775
Reaction score
1,123
Location
South Carolina
Gender
Male
Political Leaning
Very Conservative
Clinton took over a record deficit, raised taxes, balanced the budget, left a surplus and George Bush came along and cut taxes for the rich not once but twice, started two wars and doubled the national debt. The Republicans never said a word while the unfunded wars were on. Well...Dick Cheney did rake off about $25 million from his holdings in Halliburton but who cares about that?

Now....after stopping one war, throttling another, presiding over the least increase in spending in recent history, cutting the deficit by 1/2 etc. Obama is the wicked black president....Yeah Right!!

Lots of luck with that line in the next election.

Bush only started 1 war, Iraq. We were attacked first in the other war.
 

Rainman05

Banned
DP Veteran
Joined
Sep 14, 2012
Messages
10,032
Reaction score
4,966
Gender
Male
Political Leaning
Independent
Not very good with numbers are You?

Reagan slashed tax rates for the wealthiest Americans to levels not seen in 50 years. Then he and Bush41 quadrupled the debt from a trillion to $4.4 trillion. Bill Clinton raised tax rates in 1993/94 while he still had a Democrat majority and in eight years only increased the debt by $1.3 trillion. Bush assumed the surpluses, immediately cut taxes twice, 2001 and 2003 using reconciliation to block Democrat opposition and VOILA! He doubled the debt again from $5.7 trillion to nearly $12 trillion. The debt is the responsibility of the Republicans and their tax cuts for the wealthy.....what else is new?

I'll have you know I'm really good with numbers.
I also know that 1 tril = 1000bil and that having 4 years of budgetary surplus the total of which was around 500bil is not "paying off the debt" or even anything close to being "on the right track". Clintons' presidency had a huge capital boost due to the rise of electronics and computers in the 1990s which caused massive growth in the US GDP and thanks to the fact that the cold war was over and the opportunities provided by the extended global market, including eastern europe and russia, that were innundated with american goods.
Bush wasn't a good president, i won't defend him, but during the height of the wars in 2004, he had 500bil deficit. Obama had that much in his first year in office with a democrat congress... and 1.3tril $ deficit in his second year with a democrat congress.

As for this pseudo-rhetoric that only an idiot would believe that if the "rich" would pay more that the deficit would be solved. Here are numbers buddy boy.

The top 1% pay 30% of the total income tax in the USA.
The bottom 50% account for just 4% of the total income tax in the USA and the top 50% for the 96% of the income tax.

Now. Income tax accounts for 900bil of the federal budget income. 900bil. Let's say 1000bil, 1 tril $ to make calculations easy.
The top 20% pay on average a FEDERAL income tax of 27% and their contribution to the federal revenues are of 700bil. That's right, 70% of that 1tril $ is paid for by the top 20%.
The top 1% pay on average a federal income tax of 35.5% of their income and their contribution to the revenues of the federal govt are 30% of the total income tax = 300bil.

Lets say you raise the taxes on the top 20% by 10%. remember, this is the federal income tax, they also pay state taxes wherever that's the case. So raise them by 10%, you'd raise the total state revenue by 70bil. So the US federal govt wouldn't be earning 1tril $, but 1070 bil $. 70 bil is not much in this context.. it's not a sizeable difference.

Let's say you increase it by 20% for the top 20%. You therefore have another 140bil $ to the federal revenue from income tax. Again, Obama spent 11x more than that in his first year and 10x more than that in his 2nd year.

So from where I'm standing, fine, raise the income tax on the rich. But don't be shocked if businesses start closing and the US gdp goes down. sure, the budget will be reduced by a bit. But it's not enough. You need to cut smth.
And if obamacare proves that it is an extra cost on the taxpayer, which is surely will be.. then you can keep on raising the taxes on the top 20% buddy boy.. you're not going to fill that deficit hole.

Oh, and Obama isn't talking about raising the taxes on the top 20% who make more than 200k/year. Just on those that make more than 250k/year and even that by just a few percentages. I'm talking single digits. So the revenue to the federal budget will be even less. I gave you a very favorable outlook on the whole thing just to prove how stupid the premise you're going on is.
 
Top Bottom