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Old 09-17-2013, 09:45 PM
 
Location: Here
11,578 posts, read 13,950,520 times
Reputation: 7009

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Quote:
Originally Posted by katygirl68 View Post
When was there ever a surplus? Clinton never left one to Bush, and Bush darn sure didn't leave one to Obama. The Clinton "surplus" was a myth. If you have time, you should read the following website that explains the differences between national debt and deficits, and public debt and intragovernmental debt (where the government borrows money from itself, i.e., from Social Security). It's a very illuminating article. It's someone's blog article, but he cites U.S. Treasury numbers.

The Myth of the Clinton Surplus |
Now, now Katygirl68. Don't be challenging their redundant talking points. You're only going to confuse them.

 
Old 09-17-2013, 09:54 PM
 
Location: Vallejo
21,882 posts, read 25,154,836 times
Reputation: 19084
Quote:
Originally Posted by katygirl68 View Post
When was there ever a surplus? Clinton never left one to Bush, and Bush darn sure didn't leave one to Obama. The Clinton "surplus" was a myth. If you have time, you should read the following website that explains the differences between national debt and deficits, and public debt and intragovernmental debt (where the government borrows money from itself, i.e., from Social Security). It's a very illuminating article. It's someone's blog article, but he cites U.S. Treasury numbers.

The Myth of the Clinton Surplus |
Yes. They were actually quite common (more common than not) before the widepsread adoption of Keynesian economic policy following the great depression.
History of Deficits and Surpluses In The United States

The "misconception" comes from not understanding what the terms mean and where the money came from and how. There's legitimacy to the point, but it uses a different definition of what the deficit is than the rest of the world uses. It's like all the arguments claiming the unemployment is a fake number because they don't like what it measures, except with unemployment U1-U6 are all reported. With the deficit, there are no other alternatives official used. GAAP probably should be applied to governmental accounting, but it isn't for a myriad of reasons.

Last edited by Malloric; 09-17-2013 at 10:09 PM..
 
Old 09-17-2013, 11:23 PM
 
21,479 posts, read 10,579,563 times
Reputation: 14128
Quote:
Originally Posted by Malloric View Post
True.

But Bush didn't come in with a 1.4 trillion dollar deficit like he exited with. He came in with a small surplus and turned it into $1.4 trillion through eight years of tax cuts and big government spending. It's more about velocity and direction. Jobs was an exceptional CEO because he turned Apple around from a failing company to what it is today. Even if Cook maintains or even increasing profitability, it won't compare. On the other hand, if he takes Apple and runs it into the ground posting the largest corporate loss in its history... well, you could then say "he done a Bush."

Obama is no Jobs, and I don't even like Apple products.
As the link in my earlier post states, there was never a surplus from Clinton. That being said, Bush still used the projected surplus numbers to justify giving tax rebates to everyone in 2001 and later tax cuts. If Bush had not done that while at the same time increasing spending greatly with wars and prescription drug bills and education reforms, we probably wouldn't be in such a bad place right now.
 
Old 09-18-2013, 04:37 AM
bUU
 
Location: Florida
12,074 posts, read 10,707,908 times
Reputation: 8798
Quote:
What you're noticing is a penchant of today's Republicans, neocons, Tea Partiers, libertarians and other right-wingers to lie, deceive and ignore the reality, in the interest of denying (and also obstructing) improvements that could be credited to this administration, in a petulant and self-centered effort to gain power to further foster the exploitation society for the benefit of those who already have so much at the expense of those who are most vulnerable in society. Since their basic aims are inherently and blatantly immoral, they need to engage in scurrilous tactics to hide the corrupted nature of their intentions.
Quote:
Originally Posted by AeroGuyDC View Post
You made a claim, and can't back it up.
I made a claim and backed it up. You just didn't like having perspectives you support repudiated on moral terms. Get over it. Don't blame me because you chose to support immoral perspectives. That was your choice.

Quote:
Originally Posted by steven_h View Post
What I'm noticing is that you've put EVERYONE in the same box, except progressive liberals.
Which is an overt lie, since the message you replied to listed a specific set of groups that I put into that "box". Try posting a reply that isn't built around an overt lie, and perhaps for just this once please try to post a reply that is grounded in common foundations of morality instead of centered around fostering comfort and luxury of some over the basic needs of others. Thanks.
 
Old 09-18-2013, 05:45 AM
 
69,368 posts, read 64,118,301 times
Reputation: 9383
Quote:
Originally Posted by evilnewbie View Post
Its getting desperate when people have to make a list of accomplishments to justify that Obama isn't a total failure even when he is...

Looking at the list is like the followning.. Football Team X loses game with 0 points to the opponent who has 102 points... however had a lot of accomplishments such as

1) Football Team X threw the ball

2) Football Team X caught a ball

3) Football Team X had a quarterback

4) Fan of Football Team X cheered

blah, blah, blah...

Bottom line: Obama you are still a loser...
You forgot,

Football team x, had 10,218 attend the game to see them, (while ignoring that it was an away game, and thus they were there to see the opponent crush team x)
 
Old 09-18-2013, 07:22 AM
 
Location: On the border of off the grid
3,179 posts, read 3,166,570 times
Reputation: 863
Quote:
Originally Posted by bUU View Post
What you're noticing is a penchant of today's Republicans, neocons, Tea Partiers, libertarians and other right-wingers to lie, deceive and ignore the reality, in the interest of denying (and also obstructing) improvements that could be credited to this administration, in a petulant and self-centered effort to gain power to further foster the exploitation society for the benefit of those who already have so much at the expense of those who are most vulnerable in society. Since their basic aims are inherently and blatantly immoral, they need to engage in scurrilous tactics to hide the corrupted nature of their intentions.
Au contrare. What you are noticing is the rising up of Americans who are sick and tired of Obama's lies and cover-ups, shredding of our Constitution and blatant hypocrisy. Only tools like Reid, Kerry and Pelosi suddenly agreed that war (well, it wouldn't really be war, only an "unbelievably small" strike) on a foreign country was the Democratic thing to do. Benghazi, Fast & Furious, IRS investigations .......... all stonewalled. I do believe the White House is still closed to tourists EXCEPT for lobbyists, you know, the ones Obama promised wouldn't have anything to do with his administration? The economy is better? Who the heck are you kidding? Maybe you can explain why the national debt clock has been "stuck" since July.

Obama is THE WORST President our country has ever had. God help us if idiot Americans elect Hilarious Klintonista. Progressives need to crawl back into their caves and let grown-ups run the country. They've had their chance and they have failed miserably.
 
Old 09-18-2013, 11:09 AM
 
Location: Los Angeles
14,361 posts, read 9,790,545 times
Reputation: 6663


This is the most telling of all the charts posted. We baby-boomers, our parents, and to some extent our children are the generations people rely on to keep the wheels of the economy greased.

People need to adjust to the new economy. Instead of manufacturing "stuff", young people will need to learn how top build the automated processes for "stuff" building.

One ominous trend is that automating everything will eventually remove the jobs that are required for companies to sell "stuff" to. They are automating their processes, trimming down the work force; which are the customer base. Companies may be automating themselves out of business.
 
Old 09-18-2013, 11:19 AM
 
Location: Los Angeles
14,361 posts, read 9,790,545 times
Reputation: 6663
Quote:
Originally Posted by katygirl68 View Post
As the link in my earlier post states, there was never a surplus from Clinton. That being said, Bush still used the projected surplus numbers to justify giving tax rebates to everyone in 2001 and later tax cuts. If Bush had not done that while at the same time increasing spending greatly with wars and prescription drug bills and education reforms, we probably wouldn't be in such a bad place right now.
Also they fail to acknowledge that Clinton benefited from that wild iNet bubble that he and Gore birthed. Bush inherited a major catastrophe when it crashed in 2000.
 
Old 09-18-2013, 11:29 AM
 
Location: Los Angeles
14,361 posts, read 9,790,545 times
Reputation: 6663
You said:
Quote:
Originally Posted by bUU View Post
What you're noticing is a penchant of today's Republicans, neocons, Tea Partiers, libertarians and other right-wingers to lie, deceive and ignore the reality
I said:
Quote:
Originally Posted by steven_h View Post
What I'm noticing is that you've put EVERYONE in the same box, except progressive liberals.

In other words, you are paranoid.
To which you responded:
Quote:
Originally Posted by bUU View Post
Which is an overt lie, since the message you replied to listed a specific set of groups that I put into that "box". Try posting a reply that isn't built around an overt lie...
The deception is all on you. When you place everyone in a box called "right wingers" it shows how ignorant you really are. Go pat odanny on the back, it'll make both of you feel better.
 
Old 09-18-2013, 01:23 PM
 
Location: Los Angeles County, CA
29,094 posts, read 26,013,345 times
Reputation: 6128
Harrier's list was more accurate.

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