Our National Debt
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From: in a van down by the river
Originally Posted by CrAz3D
Your house is paid off & your cars are all paid off? (This is directed at JJG)
Bill Clinton did better with the economy, yeah, he was more conservative with spending, I think, than Bush has been, which is WAY backwards but w/e.
Bill Clinton did better with the economy, yeah, he was more conservative with spending, I think, than Bush has been, which is WAY backwards but w/e.
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From: Montgomery, Alabama!
Originally Posted by trytokeepup
However that was suppoce to make sense......
Clinton is a fing retard and was the worst president on EARTH! the only reason he was elected is because he "liked" black people! And he was a democrat and just a freak, the people in this country are STUPID!
Last edited by JJG052590; Mar 16, 2006 at 07:43 PM.
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From: Texas
Bush senior is responisble for many of the economic sucesses during the 90's.
Fact is the top 2% of the tax bracket pay for 35% of the total taxes collected. The burden is not on blue collar workers never has and never will be. Its not 33k for every person its more like 5k for the factory worker and 65k for the upper management. The wealthy pay for this country.
Fact is the top 2% of the tax bracket pay for 35% of the total taxes collected. The burden is not on blue collar workers never has and never will be. Its not 33k for every person its more like 5k for the factory worker and 65k for the upper management. The wealthy pay for this country.
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From: Knoxville, TN
Originally Posted by Fx4man2004
Bush senior is responisble for many of the economic sucesses during the 90's.
Fact is the top 2% of the tax bracket pay for 35% of the total taxes collected. The burden is not on blue collar workers never has and never will be. Its not 33k for every person its more like 5k for the factory worker and 65k for the upper management. The wealthy pay for this country.
Fact is the top 2% of the tax bracket pay for 35% of the total taxes collected. The burden is not on blue collar workers never has and never will be. Its not 33k for every person its more like 5k for the factory worker and 65k for the upper management. The wealthy pay for this country.
@ this post. You're not serious right? You actually think that? I can promise you that the effective tax rate for the top 2% of the country is lower than that of most of those as listing themselves as "middle class".
Last edited by BigTRQ; Mar 16, 2006 at 07:58 PM.
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From: Jersey shore
Originally Posted by trytokeepup
Clinton is the reason why our economy sucks now. He started the poor economy trend, you cant blame it ALL on Bush. Its never just the current president thats to blame for...its usually the one before that started it.
Clinton balanced the budget for the first time in about 40 years. He left office with a surplus.
GW's problem is he knows nothing about owing money because he road on his Dads coat tails. Everything he has was given to him. His Dad surrounded him with people in the oil and banking industry. The original owner of the Texas Rangers treated GW like a son he never had. GW has zero knowledge of what it is like to make ends meet.
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From: Pikesville, MD
I'm not getting into this thread yet...maybe tomorrow....but
Clinton did not balance the budget and he did not have a surplus when he left. The surplus was projected and was never realized.
Oh yea and Congress controls spending but lets not bring the Constitution into this.
Clinton did not balance the budget and he did not have a surplus when he left. The surplus was projected and was never realized.
Oh yea and Congress controls spending but lets not bring the Constitution into this.
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From: Jersey shore
Originally Posted by vader716
I'm not getting into this thread yet...maybe tomorrow....but
Clinton did not balance the budget and he did not have a surplus when he left. The surplus was projected and was never realized.
Oh yea and Congress controls spending but lets not bring the Constitution into this.
Clinton did not balance the budget and he did not have a surplus when he left. The surplus was projected and was never realized.
Oh yea and Congress controls spending but lets not bring the Constitution into this.
I think many have lost faith in our Constitution. I read awhile back when Iraq was drawing up it's Constitution someone said to give them ours since we don't use it.
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From: in a van down by the river
Originally Posted by JJG052590
And that made sense? It's suppose* Wow, that's horrible I can spell better than 98.9% of the people on this forum and I'm 15. tsk tsk
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From: Montgomery, Alabama!
Originally Posted by trytokeepup
Sad thing is....it made SENSE....it was just a misspelling. If the moderators took away for every worthless post you made, you would be down to about 3 for a post count. Look at all the post you've made. Most are...."Sweet!!!!!" "Awesome!!" "Yaaaaaa!!"....and so forth. Not many are actual post that provide information. Your 15 with a big ego. Of course, i would too if my daddy bought me a truck and anything i wanted, and knowing that my dad has no "debt" at age 50.
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From: in a van down by the river
Originally Posted by JJG052590
Well the ones that are sweet and awesome are usually threads that are asking what do you think. I've NEVER posted a thread saying yaaaaa, only yeah and yea!
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From: Bismarck, ND
Originally Posted by 6T6CPE
Clinton balanced the budget for the first time in about 40 years. He left office with a surplus.
GW's problem is he knows nothing about owing money because he road on his Dads coat tails. Everything he has was given to him. His Dad surrounded him with people in the oil and banking industry. The original owner of the Texas Rangers treated GW like a son he never had. GW has zero knowledge of what it is like to make ends meet.
GW's problem is he knows nothing about owing money because he road on his Dads coat tails. Everything he has was given to him. His Dad surrounded him with people in the oil and banking industry. The original owner of the Texas Rangers treated GW like a son he never had. GW has zero knowledge of what it is like to make ends meet.
I am not a Bush Cheerleader by any means. I disagree with alot of his policies, but I majored in economics in college. I definately have a very firm grasp of the economy and economic policy. If it weren't for the war we wouldn't have the problem of balancing the budget. And I'm here to tell you that Bush and Greenspan took this country from the beginnings of a huge recession (2000-2001) through a major economic hardship (9/11) and has made this economy prosper and grow again. I'm starting to rant.. I'll stop here before getting into the war.
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From: Knoxville, TN.
Originally Posted by 6T6CPE
Nightly News reported how many "Trillion" dollars in debt we were. Those numbers meant nothing to me until they put it in terms I do understand. They reported that it is equal to $30,000 for EVERY man, woman and child living in this country. You have gotta be kidding me. GW you suck. It will be the Blue Collar people that will have the burden of paying for this irresponsible debt.
I want Bill Clinton back.
I want Bill Clinton back.
Those "terms" you put this in, don't mean anything, because no one is going to pay for this debt in that fashion. Sorry.
Put the numbers in terms that mean something, and make sense.....
Since the President set a goal of cutting the deficit in half from its projected peak in 2004 of 4.5 percent of GDP, or $521 billion, the deficit has come down markedly. The final 2004 deficit was 3.6 percent of GDP, or $413 billion, and the 2005 deficit fell further, to 2.6 percent of GDP, or $318 billion.
In last year’s Mid-Session Review, the Administration forecast a higher nominal deficit for 2006, in part reflecting the implementation on January 1, 2006 of the new Medicare prescription drug benefit. With the unanticipated spending associated with relief and recovery efforts in response to Hurricanes Katrina and Rita, the deficit is now expected to be larger than previously forecast. We now project that the 2006 deficit will come in at 3.2 percent of GDP, or $423 billion.
While this increase in the deficit is unwelcome, a deficit at this level is still well within the historical range. At 3.2 percent of GDP, it would still be smaller than the deficits in 11 of the last 25 years.
For 2007, the Budget forecasts a decline in the deficit to 2.6 percent of GDP, or $354 billion. By 2009, the deficit is projected to be cut by more than half from its projected peak to just 1.4 percent of GDP, which is well below the 40-year historical average deficit.
In last year’s Mid-Session Review, the Administration forecast a higher nominal deficit for 2006, in part reflecting the implementation on January 1, 2006 of the new Medicare prescription drug benefit. With the unanticipated spending associated with relief and recovery efforts in response to Hurricanes Katrina and Rita, the deficit is now expected to be larger than previously forecast. We now project that the 2006 deficit will come in at 3.2 percent of GDP, or $423 billion.
While this increase in the deficit is unwelcome, a deficit at this level is still well within the historical range. At 3.2 percent of GDP, it would still be smaller than the deficits in 11 of the last 25 years.
For 2007, the Budget forecasts a decline in the deficit to 2.6 percent of GDP, or $354 billion. By 2009, the deficit is projected to be cut by more than half from its projected peak to just 1.4 percent of GDP, which is well below the 40-year historical average deficit.
