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What party had control of the Presidency and supermajorities in both houses of Congress from 2008-2010? What party had control of Congress from 2006-2008?
Game. Set. Match.
TTYL.
They like to leave those facts out of the mix.
Hey, it's been OVER 48 hours since the US has been downgraded....have we heard from obama yet?
That said, your reference to Clinton is incorrect. If there was a budget surplus under Clinton, please explain why the national debt increased every year he was in office.
Incorrect, the debt didn't rise every year. Clinton didn't erase the debt, but for a period of time towards the last half of his Presidency, he stopped adding to it.
A deficit occurs when the government takes in less money than it spends in a given year. The debt is the total amount the government owes at any given time. So the debt goes up in any given year by the amount of the deficit, or it decreases by the amount of any surplus. The debt the government owes to the public decreased for a while under Clinton, but the debt was by no means erased.
Clinton erased the federal deficit with his surplus. He alone could not erase the federal debt.
Incorrect, the debt didn't rise every year. Clinton didn't erase the debt, but for a period of time towards the last half of his Presidency, he stopped adding to it.
Take a look for yourself and see the actual dollar amount. The national debt increased every year.
You're looking at a different statistic. There is a difference between gross debt and public debt. The increase to debt as percentage of GDP went down under Clinton. The debt as a percentage of GDP is what most economists view as the important number.
There is also basically a finite amount of oil. As I said, the U.s Dollar is backed by the value of Opec's oil. Today, black gold means far more than gold. It's also backed by the U.s military. History has shown what happens when you back a country into a corner and force it to fight for survival and its standard of living. We wouldn't want to see the day when the U.s is forced to unleash unrestricted warfare with its airforce, navy, and nuclear arsenal.
Iraq found out what happens when you attack the Dollar. They stopped accepting dollars for their oil and broke the OPEC agreement. Within one year, it was attacked and the arrangement was restored. It sent a very clear message to the rest of the world.
Quote:
Originally Posted by Thatsright19
The funny thing about Bin Laden was that his goal was to bankrupt the United States. He laughed about how easy it was to get us seeing red and seeking revenge on any corner of the globe. The policy that we followed after 911 actually weakened dollar hegemony significantly and could very well eventually cost us the reserve currency and standard of living we have enjoyed. All along he wanted to attack the two pillars of American Hegemony to force us to pull back our empire, which was why he hit the World Trade Center (U.s economy/Dollar) and Pentagon (military). If it was simply about "killing Americans" there are plenty of better targets.
What position would we be in today if we didn't play into his hand? If we spent all of that money on infrustructure, schools, and medical care? The American media and patriots in this country have a stunning level of stupidity.
We killed him, but he may get his wish and have the final laugh. Like an Internet troll, the only way to defeat him or her is (or should I say WAS)to ignore them.
However, it's fairly obvious that American foreign policy makers used the 911 attacks (that occured as a result of 80 years of American empire) as a way to rally the public for war to achieve their goals.
Of course, we have seen this time and time again---most notably in world war 2.
Quote:
"...cutting off a country's oil or gas is a proven path to war. In 1941, the United States froze Japan's assets, denying her the funds to pay for the U.S. oil on which she relied, forcing Tokyo either to retreat from her empire or seize the only oil in reach, in the Dutch East Indies. The only force able to interfere with a Japanese drive into the East Indies? The U.S. Pacific fleet at Pearl Harbor
Feigning innocence when the blow back comes. Rally cry.
USS Maine....or the Tonkin Gulf...
Osama is smiling.
Last edited by Ariadne22; 08-07-2011 at 10:13 PM..
Incorrect, the debt didn't rise every year. Clinton didn't erase the debt, but for a period of time towards the last half of his Presidency, he stopped adding to it.
You are just repeating the lies you have been fed. The charts you posted ONLY are external debt, not the TOTAL debt. When you borrow against your mortgage, you cant proclaim to have less debt, but thats what Clinton did.
Quote:
Originally Posted by Fiyero
A deficit occurs when the government takes in less money than it spends in a given year. The debt is the total amount the government owes at any given time. So the debt goes up in any given year by the amount of the deficit, or it decreases by the amount of any surplus. The debt the government owes to the public decreased for a while under Clinton, but the debt was by no means erased.
ONLY public debt decreased, but the federal debt ceiling isnt JUST the public debt. You are reading factchecks LIES and repeating them as if they are the truth. They play their readers for stupid fools, because they think people cant seperate "public" debt, from "total" debt.
The increase to debt as percentage of GDP went down under Clinton. The debt as a percentage of GDP is what most economists view as the important number.
I never said anything about the debt/GDP ratio and stand by what I originally said -- the national debt increased every year.
I know you won't like this article because of the source, but please read it anyway. It's lengthy but explains it much better than I ever could.
No thanks. My link was from a non-partisan source and the Congressional Budget Office. I'm not going to waste my time on some conservative propaganda website.
Everyone agrees our economy was the best under Clinton for at least the last few decades.
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