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Old 08-12-2018, 10:06 PM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,326 posts, read 14,045,399 times
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Quote:
Originally Posted by chad3 View Post
My source was from June 27, 2016.
Promises and Price Tags: A Fiscal Guide to the 2016 Election | Committee for a Responsible Federal Budget


And our debt to GDP fluctuates.

At the start of 2015 our debt to GDP was 101%.
And a few months later it was 99% of GDP.

https://fred.stlouisfed.org/series/GFDEGDQ188S


And Hillary Clinton's policies would have raised taxes on the richest 1% of Americans increasing government revenues.
https://money.cnn.com/2016/08/11/pf/...xes/index.html


Hillary's policies also would have reduced interest payments on the national debt by about $1.7 trillion dollars and lowered our 10 year deficits by 1/2 compared to Trump.
Promises and Price Tags: A Fiscal Guide to the 2016 Election | Committee for a Responsible Federal Budget


Since my source was from 2016 it used Trumps early tax proposals, and the passed Trump tax cuts are different from early proposals. But still Trump policies raise our deficits, national debt, and debt interest payments much more than Hillary's policies.

wrong

1. hitlery like most of the fascist liberals sits there and says tax the rich...then turns around and calls 200k rich (its middleclass)…… in the 50' when we taxed the rich at around 90%..the top bracket was for those making over 300k (about 3.5 million in todays dollar)...yet todays liberals want to call the middleclass or workingclass rich...

2. the interest on the debt is based on the FED... and hitlery could not have lowered the interest..she may have lowered the payment, thus increasing the debt even further

3. hitlery's policies would have us at 40 trillion debt in less than 8 years.. with a gdp of less than 15 trillion... hitlery would have been the biggest mistake of America...after obozo
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Old 08-12-2018, 10:33 PM
 
Location: New Orleans, La. USA
5,924 posts, read 2,834,561 times
Reputation: 2184
Quote:
Originally Posted by workingclasshero View Post
they are not made up..verified facts from the US Treasury...
a budget is a projected thing...

its just like the lie of Clinton/newt's surplus.. there was none

Clinton did NOT have a surplus

its not a surplus when you SPEND IT

false...Clinton/newt never had an actually surplus...... a spent surplus is a deficit
In 1998 the US government had a $69.3 billion surplus.
https://en.wikipedia.org/wiki/1998_U...federal_budget

In 1999 the US government had a $126 billion surplus.
https://en.wikipedia.org/wiki/1999_U...federal_budget

In 2000 the US government had a $236.2 billion surplus.
https://en.wikipedia.org/wiki/2000_U...federal_budget

In 2001 the US government had a $128 billion dollar surpluses.
https://en.wikipedia.org/wiki/2001_U...federal_budget


And if you would prefer surplus information from a republican source, here's GW Bush standing before congress in 2001 saying "We have a large federal surplus." (time 0:14 - 0:20)


https://www.youtube.com/watch?v=h5F7...U&spfreload=10

Quote:
sorry, but the PROJECTED surpluses of clinton/newt never happened...the debt never got paid, and the debt infact INCREASED
The national debt did not reverse on those years because of things like interest payments on the debt. For example, in 2008 the interest charge on the debt was $253 billion dollars.

https://www.thebalance.com/interest-...l-debt-4119024



In 1999 our national debt was $5,656,270,901,615.43
In 2000 our national debt was $5,674,178,209,886.86

From 1999 to 2000 our national debt increased by $18 billion dollars. But things like interest payments caused the debt to still rise.

https://www.treasurydirect.gov/govt/...ebt_histo4.htm
https://www.treasurydirect.gov/govt/...ebt_histo5.htm


In 2000 the US government had a $236.2 billion surplus. (but we also had a $250 billion debt interest payment.)
https://en.wikipedia.org/wiki/2000_U...federal_budget

So from 1999 to 2000 our debt increased by $18 billion dollars

Last edited by chad3; 08-12-2018 at 11:01 PM..
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Old 08-12-2018, 10:35 PM
 
Location: New Orleans, La. USA
5,924 posts, read 2,834,561 times
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Quote:
Originally Posted by workingclasshero View Post

3. hitlery's policies would have us at 40 trillion debt in less than 8 years.. with a gdp of less than 15 trillion... hitlery would have been the biggest mistake of America...after obozo
Could you please provide a source for the above statement.
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Old 08-13-2018, 01:24 AM
 
Location: Northridge/Porter Ranch, Calif.
22,383 posts, read 27,577,777 times
Reputation: 6540
Quote:
Originally Posted by James Bond 007 View Post
Did you even bother reading my post above? It looks like you didn't. Hint: $1,294 billion is less than $1,413 billion.
It didn't decrease immediately, but it did decrease.
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Old 08-13-2018, 04:51 AM
 
36,906 posts, read 16,100,406 times
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Quote:
Originally Posted by Hoonose View Post
Great!

Take more money from the people and business. The middle class will love you for it!

"great" another person who dessn't understand economics!
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Old 08-13-2018, 04:59 AM
 
Location: USA
17,739 posts, read 8,871,248 times
Reputation: 13273
In the long term the increased economic activity, and Growing economy will provide higher tax REVENUE even with lower tax RATES. Grow the pie, just don't redistribute the pieces. Obama increased the DEBT more than any other President COMBINED. But that's ok?
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Old 08-13-2018, 05:45 AM
 
Location: Florida
63,045 posts, read 34,335,398 times
Reputation: 10466
Its sad people complain about deficits, and insist on voting for GOP, but when GOP is in power, they increase the deficits like never before, and all the supporters can do is try to try to blame someone else. How will the problem ever get fixed with that mindset?
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Old 08-13-2018, 06:12 AM
 
Location: New Orleans, La. USA
5,924 posts, read 2,834,561 times
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Quote:
Originally Posted by Pilot1 View Post

Obama increased the DEBT more than any other President COMBINED. But that's ok?
Obama's policies added about $2.2 trillion dollars to our national debt during his time in office.

Obama added $2.7 trillion dollars to our national debt from 2013-2022 by extending 82% of the Bush tax cuts.
Budget Deal Makes Permanent 82 Percent of President Bush

And Obama added $831 billion dollars to our national debt with his 2009 stimulus.
https://en.wikipedia.org/wiki/Americ...nt_Act_of_2009


The other $7 trillion dollars added to our debt during Obama's time in office was caused by the Bush administrations Iraq/Afghanistan wars, GW Bush's tax cuts that took place when Obama first entered office, increased spending by GW Bush (Bush increased spending by 48.6%), and federal subsidies started by GW Bush, ex.ex.

Economic Downturn and Legacy of Bush Policies Continue to Drive Large Deficits | Center on Budget and Policy Priorities

Report: Wars in Iraq and Afghanistan cost almost $5 trillion so far
https://www.mercatus.org/publication...-george-w-bush
Do Crony Handouts Have a Stranglehold on the GOP?
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Old 08-13-2018, 07:01 AM
 
Location: Kansas City, MISSOURI
9,013 posts, read 2,735,231 times
Reputation: 6945
Quote:
Originally Posted by workingclasshero View Post
they are not made up..verified facts from the US Treasury...
a budget is a projected thing...
Those aren't from the budget, they are from the actual, final, official numbers. You're basically making up your own accounting.
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Old 08-13-2018, 07:25 AM
 
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
25,326 posts, read 14,045,399 times
Reputation: 6505
Quote:
Originally Posted by James Bond 007 View Post
Those aren't from the budget, they are from the actual, final, official numbers. You're basically making up your own accounting.


they are from actual accounting, the final tally once all the pennies are counted


a budget is a projection.. an estimate




you know you estimated take home is 60k
you budget a 55k worth of spending/bills
you budget a surplus of 5k
then you end up spending 65k due to emergencies, etc
your 5k surplus just turned into a 5 k deficit


that is accounting 101




if Clinton/Newt actually has a surplus, then the debt would have gone down..the interest of the debt IS IN the budget




are you saying a budget WRITTEN IN ADVANCE is the gospel, and NOTHING is EVER spent/saved outside of that written estimate.... if so you need to go back to school
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