The Bush Presidency: A Retrospective

[Gord]

The Debt will go up even if zero dollars are spent because of the interest on the national debt.

Therefore, even if Clinton balanced his budget, that's nothing compared to the national debt.

Why did we turn over the Federal Reserve to the richest men in America in 1913? Our $ used to be backed by gold. These bankers took the gold. Now our money is only worth what they say it is worth. Why did we get away from the gold standard? Why did we give the treasury over to Rockafellor, JP Morgan and Carnege? Are we stupid?

If America controlled the treasury, we would not charge ourselves interest on the national debt. But the bankers love it because we keep going further and further into debt with them.

Who approved the Feds bailout of AIG? They gave AIG our $85 bill. You forgot about this one, didn't you. This was before the $750 billion.

Feds bail out AIG with $85B loan and takes a 79.9% equity stake

So is this stake in the company going to pay down the debt? Not a fucking chance.

Feds bail out AIG with $85B loan and takes a 79.9% equity stake (Dealscape)


Oh, and while you were praising Bush for saving you $10 on your taxes, his policies caused the price of gas to double. So when you factor that in, the GOP absolutely raped us the last 8 years. Free market my ass. God damn right I'm a socialist.

Interest on the debt is just another government expenditure. The deficit/surplus is calculated by subtracting total expenditures from total revenues. If there are more expenditures than revenues there is a deficit and the national Debt increases - just as it did in every year Clinton was president.

 

[Dr Grump]

The National Debt is the accumulation of annual deficits minus any annual surpluses. If there is a surplus the National Debt goes down. Please notice that the National Debt never went down during Clinton's presidency, therefore there was a deficit every year.

I really can't explain it to you any simpler

 

[jillian]

Interest on the debt is just another government expenditure. The deficit/surplus is calculated by subtracting total expenditures from total revenues. If there are more expenditures than revenues there is a deficit and the national Debt increases - just as it did in every year Clinton was president.

you're confusing your terms. Clinton shrunk government and expenditures and had a budget surplus by the time he left office.

 

[Gord]

I really can't explain it to you any simpler

You haven't explained anything in a half dozen posts, so I'm not surprised.

 

[Gord]

you're confusing your terms. Clinton shrunk government and expenditures and had a budget surplus by the time he left office.

What terms? Correct me then. And explain to me how in the same year one can have a surplus and yet the debt increases...

 

[pfife]

The mission of the military war and the removal of Saddam's regime... yep.. as stated.. it was accomplished.. however Bush underestimated the BDS controlled media and the inept left influenced public, that would be gullible enough to believe that "mission accomplished" meant that the further missions and needs for the situation were also done, namely helping Iraq rebuild and turn up government and security....

But nice try again....

Bush admitted that was a mistake this morning.

 

[pfife]

Europe, give me a fucking break. A continent full of little countries with people who start dying off if the temperature hits 90 degrees. Now they are freezing to death and shutting off plasma TVs, really? With the abysmal television stations they have there, why would they bother with HDTV anyway........ oh that's right, to watch American movies. These are the people that should lead?

New Zealand, what a bigger joke, they still have a hard time figuring out how to make fire. A bunch of sheep rapers. Let's be sure to listen to sheep and child molesters.

With all due respect, were you attempting to cram as much irrelevant anti-substance into your post as possible?

 

[pfife]

As usual factcheck.org needs to be factchecked. Clinton and factcheck and liberals in general like to play this game of fuzzy liberal math when calculating Clinton's budget years by not including Intergovernmental Holdings. This of course makes it appear that Clinton had surpluses in /98, /99 and /00, when in fact when Intergovernmental Holdings are included in the calculation of the total expenditures by the government each of those three years had deficits and the national debt increased as such:

1993 - $4.411T

1994 - $4.693T

1995 - $4.974T

1996 - $5.225T

1997 - $5.413T

1998 - $5.526T

1999 - $5.656T

2000 - $5.674T

2001 - $5.807T

If there were any surpluses the National Debt would have decreased, but as is clearly seen it increased every year.

Interest on the debt would account for it to increase.

 

[pfife]

The National Debt is the accumulation of annual deficits minus any annual surpluses. If there is a surplus the National Debt goes down. Please notice that the National Debt never went down during Clinton's presidency, therefore there was a deficit every year.

That's a false cause and effect statement.

 

[Gord]

Interest on the debt would account for it to increase.

Uh... no.

 

[Gord]

That's a false cause and effect statement.

Explain...

 

[sitarro]

Bush admitted that was a mistake this morning.

Yes, he admitted that it was a mistake knowing the assholes on the left would purposely misinterpret the congratulatory Mission Accomplished sign to the crew of the USS Abraham Lincoln who had just returned from a very long extended tour.

 

[Care4all]

By Law since the 1960's, Social Security is included in our Federal BUDGET. And also, since the Reagan administration we have been collecting MORE in Social Security taxes than what we have paid out in Social Security benefits.

These surplus social security funds included in our national BUDGET, have been used in the budget to balance the Federal Spending budget...and basically an IOU is issued.

So, when we have a balanced budget, debt is still added to the National DEBT, which is the SS surplus funds being used in the Budget.

This is why our Budget can be balanced, by law, while our DEBT still can increase.

Care

 

[rayboyusmc]

Yes, he admitted that it was a mistake knowing the assholes on the left would purposely misinterpret the congratulatory Mission Accomplished sign to the crew of the USS Abraham Lincoln who had just returned from a very long extended tour.

What another chickenshit empty reply. It's all the left's fault.

It has nothing to do with the mission of the ship's crew. That's a new on even for your side. He is an empty little fake cowboy who tried to actually ride a real horse of state and fell on his ass.

Assume the Bush revisionist position. Keep your head in the sand and your brains up your butt.

 

[pfife]

Yes, he admitted that it was a mistake knowing the assholes on the left would purposely misinterpret the congratulatory Mission Accomplished sign to the crew of the USS Abraham Lincoln who had just returned from a very long extended tour.

Thats not what he said, but congrats on your fictional writing skills.

 

[pfife]

Explain...

deficits aren't the only thing that raise debt. In order to say that the debt increased is only caused by deficits means you've ruled out all other things that can increase the debt - which you clearly haven't. And if you say that you aren't saying the debt increase is *only* caused by deficits, then you've neutered your own point with no assistance from anyone else.

 

[editec]

Bush is leaving office and the nation is in a shamble.

The long national nightmare is over.

Obama is entering office.

A whole new nightmare is probably just beginning.

 

[sealybobo]

Bush is leaving office and the nation is in a shamble.

The long national nightmare is over.

Obama is entering office.

A whole new nightmare is probably just beginning.

I don't know, Clinton did a pretty good job.

And Carter, in my opinion, was sabotaged by the GOP. Sure he went through some tough times, but no tougher than Bush 1 & 2. If you blame Carter for his economy, then blame Bush 1 & 2 for theirs.

And Carter would have won re-election had the GOP/CIA run by Bush 1 not made a deal with the Iranians to hold the hostages until after the election. Then we started selling Iran weapons?

If you don't know what I'm referring to, see Iran/Contra Affair and October Surprise.

 

[Munin]

Europe, give me a fucking break. A continent full of little countries with people who start dying off if the temperature hits 90 degrees. Now they are freezing to death and shutting off plasma TVs, really? With the abysmal television stations they have there, why would they bother with HDTV anyway........ oh that's right, to watch American movies. These are the people that should lead?

Funny how little you know about Europe: only eastern Europe is "freezing to death" and is "underdeveloped" (but probably much more developed then Russia). Western Europe is a whole other story, they didn't have had almost any (other then political ones: the credibility of the EU) problems with "freezing to death" and shutting down Plasma TVs.

Europeans watch American movies, Americans drive European cars: so what?

 

[sealybobo]

Funny how little you know about Europe: only eastern Europe is "freezing to death" and is "underdeveloped" (but probably much more developed then Russia). Western Europe is a whole other story, they didn't have had almost any (other then political ones: the credibility of the EU) problems with "freezing to death" and shutting down Plasma TVs.

Europeans watch American movies, Americans drive European cars: so what?

That's who Republicans cater to. People who don't know what they are talking about.

You can't lie to Americans and tell us that Iranians are evil if enough of us visit Iran and see our government is lying.

Same with Russia. How many of us visited Russia or knew any Russians during the Cold war? They couldn't leave and we couldn't visit.

The biggest enemy of bigotry and racism is travel.