Deficit Falls to Lowest Level in 4 Years - Page 3

*aps45819* ^(Premo) · 01-14-2007, 06:40 PM

Quote:

Originally Posted by forestal

Imagine how soon we could pay off the debt with even higher taxes on the rich!

Imagine how "the rich" would hide their income if even more of their income was usurped to feed crack heads

*MMDad* ^(Premo) · 01-14-2007, 09:44 PM

Quote:

Originally Posted by forestal

What are you, a bigot, racist, or both? Do you know where the local KKK meets?

Are you implying that crack is only used by black people? Wow, that is an incredily racist thing to say!

*Pete* ^(Premo) · 01-14-2007, 09:44 PM

Quote:

Originally Posted by forestal

What are you, a bigot, racist, or both? Do you know where the local KKK meets?

Sounds to me you are the bigot. He said "crack heads" YOU are the one who seems to be assuming all "crack heads" are black by accusing him of being racist.

Lugnut · 01-14-2007, 09:44 PM

Quote:

Originally Posted by forestal

What are you, a bigot, racist, or both? Do you know where the local KKK meets?

Can't think of anything to add to the topic, huh?

*Pete* ^(Premo) · 01-14-2007, 09:45 PM

Damn

*Pete* ^(Premo) · 01-14-2007, 09:48 PM

Quote:

Originally Posted by forestal

What are you, a bigot, racist, or both? Do you know where the local KKK meets?

Is your middle name "Hypocrisy"?

Quote:

Originally Posted by forestal

Insults aren't a form of argument.

forestal · 01-14-2007, 10:13 PM

Thank's for not throwing an insult at me in your post. I'm getting some rude treatment from the others who can't tolerate ideas that are in conflict with their own.

Your link will not show the exact instant that Bill began paying off the debt because it does not dissociate Public Debt from Intragovernmental Holdings:

From the same government web site you referenced:

http://www.publicdebt.treas.gov/opd/opdfaq.htm#opdfaq33

Debt Held by the Public -- Is all Federal debt held by individuals, corporations, state or local governments, foreign governments, and other entities outside of the United States Government less Federal Financing Bank securities. Types of securities held by the public include, but are not limited to, Treasury Bills, Notes, Bonds, TIPS, United States Savings Bonds, and State and Local Government Series.

Intragovernmental Holdings -- Government Account Series securities held by Government trust funds, revolving funds, and special funds; and Federal Financing Bank securities. A small amount of marketable securities are held by government accounts.

If you visit this page:
http://www.publicdebt.treas.gov/opd/opdpdodt.htm
You'll see the public debt paid down during the Clinton years.

Citizen's Guide to the Federal Budget: Fiscal Year 2001

4. The Budget Surplus and Fiscal Discipline

In 1998, the Federal budget reported its first surplus ($69 billion) since 1969. In 1999, the surplus nearly doubled to $124 billion. As a result of these surpluses, Federal debt held by the public has been reduced from $3.8 trillion at the end of 1997 to $3.6 trillion at the end of 1999. With continued prudent fiscal policies, the budget can remain in surplus for many years. Under the President's budget proposals, the Federal debt held by the public would be fully paid back by 2013.

Put simply, a surplusoccurs when revenues exceed spending in any year--just as a deficit occurs when spending exceeds revenues. Generally, to finance past deficits, the Treasury has borrowed money. With certain exceptions, the debt is the sum total of our deficits, minus our surpluses, over the years.

I also apologize for throwing out the 8.6 trillion which represents the total of our debt (public and intragovernmental), not just public. I'm sure that has added to the confusion here.

Quote:

Originally Posted by FromTexas

Forest, here is a link to the historical debt of the U.S. Why don't you show me the exact year the debt went down under Clinton?

forestal · 01-14-2007, 10:17 PM

Yeh, expand their businesses in China, India, etc.

Quote:

Originally Posted by remaxrealtor

has it ever occured to you that if the "rich" make money, they are then able to expand their businesses. Then what will we pas on to our kids?

How about JOBS!

forestal · 01-14-2007, 10:30 PM

Hmmm, you're not making much sense. If you make a payment on your debt, yet your debt continues to grow, you still have made a payment and reduced your overall debt compared to what it would have been had you not made that payment. It's just grown less faster. That's still an important distinction to make when your current President and previous Congress made no attempt to rein in spending. Imagine that! Republicans aren't the conservatives they pretend to be!

Money that the government borrows is money that you can't. That leads to interest rates that are higher than they need to be. That affects the economy adversely.

Quote:

Originally Posted by FromTexas

You are spoiling my fun, Sam. When they can't find it its fun to watch them squirm when they can't figure out *why* it went up all those years. They will usually continue to refer to article after article talking about the surpluses (and the ones the Bush administration erased), but they can't ever find any proof they existed. Then when they are toqued, you go and show them those surpluses were really Social Security money... it drives them batty.

forestal · 01-14-2007, 10:36 PM

No, your assumption that my statement was racist, is in error:

http://www.whitehousedrugpolicy.gov/...ies/index.html

DEA Arrests, by Race/Ethnicity and Type of Drug, FY 2004

<table summary="DEA Arrests, by Race/Ethnicity and Type of Drug, FY 2004" border="1" cellpadding="2" cellspacing="0" width="400"> <tbody><tr class="tb_fs"> <th scope="col" valign="top" width="32%">

Drug Category

</th> <th scope="col" valign="top" width="13%">

White

</th> <th scope="col" valign="top" width="13%">

Black

</th> <th scope="col" valign="top" width="13%">

Indian

</th> <th scope="col" valign="top" width="13%">

Asian

</th> <th scope="col" valign="top" width="13%">

Hispanic

</th> </tr> <tr class="tb_fs"> <th scope="row" valign="top" width="32%">

Powered cocaine

</th> <td valign="top" width="13%">

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