It keeps getting worse, not better

[Old Rocks]

I heard on the radio this morning that congress is working on reinstating a version of the PAYGO rules that balanced the federal budget back in the 90's. ( PAYGO - Wikipedia, the free encyclopedia )

It is a bit like shutting the barn door after the horse is gone, but it makes sense to repair the door, just in case you get another horse any time soon.

-Joe

Had Bush been under a Paygo policy we would be far better off now. But the financial meltdown has been building for many decades. Every since people like Boesky were allowed to dismember previously sound businesses. That was legal piracy, and started the downward spiral that the Republican taste for deregulation put into overdrive.

21. Wolves on Wall Street

Can President Obama repair the damages of decades of greed as a virtue? I don't know, but I would rather have him in there trying than more Republican puppet handlers trying to figure how thay can extort even more money from an already debt ridden populace.

 

[Dr Grump]

No they didn't.

You stick to being an expert on Kiwi politics and we Yanks will stick to ours.

Really?
In September 2000, due to a then-improving debt situation, the clock started to run backwards.[3] With the original purpose of the clock being to highlight the rising debt and the reverse giving a mixed message, and with the clock not being designed to run backwards,[6] the clock was unplugged and covered with a red, white and blue curtain in September 2000, with the national debt standing at roughly 5.7 trillion dollars.[4] The clock was not dismantled however, and in July 2002 the curtain was raised and the clock once again picked up tracking a rising debt, starting at 6.1 trillion dollars.[8]

I suggest you do your research better....
...and I've never claimed to be an expert about any politics - NZ or otherwise....

 

[Old Rocks]

They switched the clock off under Clinton's watch...put it back into service under Bush....shrug....

No they didn't.

Interest on federal debt kept accumulating even though the budget was allegedly balanced.

And the budget was never ever really balanced.....The supposed "balanced budget" agreement projected that balance to occur in 2002.

You stick to being an expert on Kiwi politics and we Yanks will stick to ours.

Sure one hell of a lot closer than under the criminal Bush.

 

[Oddball]

They switched the clock off under Clinton's watch...put it back into service under Bush....shrug....

No they didn't.

Interest on federal debt kept accumulating even though the budget was allegedly balanced.

And the budget was never ever really balanced.....The supposed "balanced budget" agreement projected that balance to occur in 2002.

You stick to being an expert on Kiwi politics and we Yanks will stick to ours.

Sure one hell of a lot closer than under the criminal Bush.

That wasn't the point, and you know it.

fail.

 

[Oddball]

No they didn't.

You stick to being an expert on Kiwi politics and we Yanks will stick to ours.

Really?
In September 2000, due to a then-improving debt situation, the clock started to run backwards.[3] With the original purpose of the clock being to highlight the rising debt and the reverse giving a mixed message, and with the clock not being designed to run backwards,[6] the clock was unplugged and covered with a red, white and blue curtain in September 2000, with the national debt standing at roughly 5.7 trillion dollars.[4] The clock was not dismantled however, and in July 2002 the curtain was raised and the clock once again picked up tracking a rising debt, starting at 6.1 trillion dollars.[8]

I suggest you do your research better....
...and I've never claimed to be an expert about any politics - NZ or otherwise....

So, you're using some silly advertising gimmick as proof, rather than the actual numbers from the various federal agencies, which showed that the debt increased by virtue of the ballooning interest payments on the existing debt??

Mmmmmmmmmmm'kaaaay.

 

[Harry Dresden]

No they didn't.

Interest on federal debt kept accumulating even though the budget was allegedly balanced.

And the budget was never ever really balanced.....The supposed "balanced budget" agreement projected that balance to occur in 2002.

You stick to being an expert on Kiwi politics and we Yanks will stick to ours.

Sure one hell of a lot closer than under the criminal Bush.

That wasn't the point, and you know it.

fail.

Rocks has his own point...his head...

 

[PixieStix]

U.S. National Debt Clock : Real Time

When exactly is the messiah going to stop this out of control spending and start addressing how bad off we are?

But didn't you hear, Xeno? They fixed everything

[ame="http://www.youtube.com/watch?v=2y-WrBXQYHQ"]YouTube - Boehner to the White House: I Don't Believe the Economy Has Been Rescued[/ame]

 

[Zoom-boing]

U.S. National Debt Clock : Real Time

When exactly is the messiah going to stop this out of control spending and start addressing how bad off we are?

Whatchewtalkinbout,Willis? Why just last night Barry told me that economy has been rescued!

 

[Xenophon]

U.S. National Debt Clock : Real Time

When exactly is the messiah going to stop this out of control spending and start addressing how bad off we are?

Whatchewtalkinbout,Willis? Why just last night Barry told me that economy has been rescued!

He lied.

He does that.

Alot.

 

[Xenophon]

U.S. National Debt Clock : Real Time

When exactly is the messiah going to stop this out of control spending and start addressing how bad off we are?

But didn't you hear, Xeno? They fixed everything

[ame="http://www.youtube.com/watch?v=2y-WrBXQYHQ"]YouTube - Boehner to the White House: I Don't Believe the Economy Has Been Rescued[/ame]

That was some nasty facts.

 

[Oddball]

John Boehner, you're no George Hamilton.

 

[Xenophon]

And the counter keeps on rolling, rolling, rolling.