Montecresto
DP Veteran
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- Aug 9, 2013
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No, it is your opinion for other Presidents created significant debt but hid it well kicking the can down the road. It does appear you have no understanding of getting a return on investment which in this case is the debt created. Keep running from the peace dividend which is why you have no credibility.
Not one of the 39 presidents Prior to Reagan created anything near his debt. He destroyed our lender status, turned us into the irresponsible fiscal slob that we are today. That's not opinion.
I keep reading posts of yours and others here many of whom talk about Public Debt as a percentage of GDP and how bad Reagan's performance was and although debt is made up of two items, public debt PLUS Inter-government holdings the percentage of debt to GDP is an interesting topic for discussion. Attached is a chart showing those numbers and what is quite telling is the Clinton public debt as a percentage of GDP is significantly higher than Reagan's and Obama's debt if off the charts. Makes me wonder why liberals believe what they are told and never research to verify the rhetoric.
https://research.stlouisfed.org/fred2/series/GFDEGDQ188S
Ah, trying to switch the subject again. Uncharacteristically wise move on your part.
Exactly, lol. Thanks for making my point. It was in decline until Reagan, and save but a brief period during the Clinton administration, it's been climbing ever since. The actor brought us the slave debt state.
Only if a certain party continues to unfund those future liabilities.When that money is spent and you allow others to fund your retirement it becomes a Ponzi Scheme.
Self-employment taxes. You don't even know what those are?What the hell are SE taxes?
T-Bills are issued but when they come due where does the money come from to convert them to cash or do you think your grocery store will take T-bills?
Please tell me why SS and Medicare are being funded by general revenue?
You don't seem to have any concept of how the budget works, what taxes you pay, and what those taxes are for. SS and Medicare were pay as you go programs funded by FICA taxes ONLY.
Stop it, stop making a fool of yourself and mature by admitting you are wrong and have no idea what you are talking about or any clue about the budget, the deficit, and the debt.
You obviously have no idea how foolish you sound but I will continue to beat your ass with actual data and facts. You ought to stop when you are way behind.
Ever find that Clinton surplus reflected in actual Treasury data?
Strong rebuttals are ignored.
Yet it was paid for by SS and Medicare funds which of course made the deficit and debt look better just like all Presidents EXCEPT Reagan did afterwards.
Oh, Reagan absolutely did it. Where do you think his $1.9T addition to the debt came from? You have no connection at all with reality.
Yes, I made the point, Reagan created a peace dividend
Sure did and I see you managed to let yourself ignore that, too.
That is just pure confabulation. It's pathological.
digitusmedius;1064796872]Only if a certain party continues to unfund those future liabilities.
Self-employment taxes. You don't even know what those are?
How many times have I referred to the interest payments on the debt....maybe 6, 8? I'm beginning to wonder about your cognitive ability.
For the nth time, because your party refuses to adequately fund both programs in the hope that that will force their destruction in the future.
This from someone who didn't know what SE taxes are and didn't understand how the debt could go up even in the face of budget surpluses.
You'd be well served following your own advice. You've bungled, fumbled and stumbled on every aspect of this discussion so many times I'm surprised you aren't in intensive care for the self-inflicted wounds.
Look, I know how hard it is for you to keep more of what you earn but the reality is 9/11 had something to do with the debt and the deficits.
Military spending went up sharply after 9/11, of course. In any other presidency in our past except Reagan and BushII, tax rates would have been raised to create revenue that would have paid for that. Thanks for bringing that up as an excuse because it highlights just how criminally irresponsible those two in particular but republicans in general have been.
Not one of the 39 presidents Prior to Reagan created anything near his debt. He destroyed our lender status, turned us into the irresponsible fiscal slob that we are today. That's not opinion.
CBO is the Congressional Budget Office not the Treasury Department and if you think that the Budget of the United States was 2.0 trillion dollars then you really do have a serious problem as you ignore the Unified Budget with SS and Medicare being on budget put there by LBJ in the 60's. Here is the budget of the United States. Stop making a fool of yourself.
The Combined Statement of Receipts, Outlays, and Balances Current Report Page Has Moved
Apparently you didn't read or couldn't understand the contents of your own link since it gives precisely the same information I posted from the usgovernmentspending.com website. Although I didn't need it to debunk to your continually false claims I do appreciate your help.
Aw, yes, Reagan created 17 million of them, the Obama stimulus created 3 million less.
Out of the ashes of at least the second worst recession in this country's history.
How do you know it was the worst recession in the country's history? You buy the headlines and ignore the data. The Great Recession was a term created by the media and the left knowing you and others like you(the Gruber electorate) would buy it. Problem is you cannot prove it nor can the left. 81-82 affected more Americans than this one and that makes it worse.
Out of the ashes of at least the second worst recession in this country's history.
Yes, what do you expect when attacked? What was the cost of 9/11 to the U.S. Treasury? GAO will tell you that
Only in the liberal world do higher taxes not change human behavior which leads me to believe you don't work for a paycheck or you would understand how taxes affect take home pay. Apparently you believe that the Reagan tax cuts didn't affect economic activity and that activity didn't create 17 million jobs? There are four components to GDP, find out what they are and find out how higher take home pay affects them?
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