The Incredible Shrinking Obama Deficit.

[Campbell]

A so called "shrinking" deficit means nothing, if there is such an large debt it can't be repaid.

Just like putting bandaids on broken arm...

Bull Shit. Bill Clinton assumed a debt of:
09/30/1993 $4,411,488,883,139.38. This is the date of the end of GHW Bush's last budget. Government budgets work by fiscal years and they begin on Oct. 1st of the budget year and end on Sept.30 of the next year.

Clinton raised tax rates while he still had a Democrat majority and when he left office the debt had grown $1.3 trillion but in FY's 1999, 2000 his administration bought back nearly $400,000,000,000 of our debt. Clinton left surpluses in the offing to continue to a completely paid off national debt. Then the ignoramus from TX took over, immediately cut tax rates again, not once but twice, 2001 and 2003. He used reconciliation to block Democrat opposition then doubled the debt to nearly $12 trillion. It's the tax rates...as sorry as those with the big bucks are to hear it this nation thrives when everyone is being treated fairly and some of the wealth is spread around not just funneled to the top.

When the president took over...the annual interest on the national debt approached the same figure as the defense budget. These foreign banks like to see their interest payments paid regularly and on time.

Debt is debt... Nothing can be done when starting out in a hole.

That's simply not true. When Reagan took over in 1981 we were almost out of debt from the second world war...owed less than $1 trillion. Reagan slashed tax rates to 50 year lows, continued to spend like a drunk sailor and proceeded to quadruple the total debt. When anybody cuts taxes they should be forced to show which spending they will cut in order to still balance the books.

Your statement was so foolish that I hate to even justify it with a response. I've been in debt half a dozen times in my life.....the worst when my first wife and I divorced and I had three young children to provide for. Then after they were all out of college, two with master's degrees I settled everything except my house. I made the final payment on my present house in 2005 and haven't owed anybody a dime since. Well.....we do settle our credit card debts at the end of each month but that's it.

 

[Rustic]

A so called "shrinking" deficit means nothing, if there is such an large debt it can't be repaid.

Just like putting bandaids on broken arm...

Bull Shit. Bill Clinton assumed a debt of:
09/30/1993 $4,411,488,883,139.38. This is the date of the end of GHW Bush's last budget. Government budgets work by fiscal years and they begin on Oct. 1st of the budget year and end on Sept.30 of the next year.

Clinton raised tax rates while he still had a Democrat majority and when he left office the debt had grown $1.3 trillion but in FY's 1999, 2000 his administration bought back nearly $400,000,000,000 of our debt. Clinton left surpluses in the offing to continue to a completely paid off national debt. Then the ignoramus from TX took over, immediately cut tax rates again, not once but twice, 2001 and 2003. He used reconciliation to block Democrat opposition then doubled the debt to nearly $12 trillion. It's the tax rates...as sorry as those with the big bucks are to hear it this nation thrives when everyone is being treated fairly and some of the wealth is spread around not just funneled to the top.

When the president took over...the annual interest on the national debt approached the same figure as the defense budget. These foreign banks like to see their interest payments paid regularly and on time.

Debt is debt... Nothing can be done when starting out in a hole.

That's simply not true. When Reagan took over in 1981 we were almost out of debt from the second world war...owed less than $1 trillion. Reagan slashed tax rates to 50 year lows, continued to spend like a drunk sailor and proceeded to quadruple the total debt. When anybody cuts taxes they should be forced to show which spending they will cut in order to still balance the books.

Your statement was so foolish that I hate to even justify it with a response. I've been in debt half a dozen times in my life.....the worst when my first wife and I divorced and I had three young children to provide for. Then after they were all out of college, two with master's degrees I settled everything except my house. I made the final payment on my present house in 2005 and haven't owed anybody a dime since. Well.....we do settle our credit card debts at the end of each month but that's it.

The federal government should never been allowed to incur debt, they should have known it would turn into a political football.

Professional progressive politicians with an no limit credit card, DOES ANYBODY THINK THAT IS A GOOD THING?!?!?!?

 

[Campbell]

A so called "shrinking" deficit means nothing, if there is such an large debt it can't be repaid.

Just like putting bandaids on broken arm...

Bull Shit. Bill Clinton assumed a debt of:
09/30/1993 $4,411,488,883,139.38. This is the date of the end of GHW Bush's last budget. Government budgets work by fiscal years and they begin on Oct. 1st of the budget year and end on Sept.30 of the next year.

Clinton raised tax rates while he still had a Democrat majority and when he left office the debt had grown $1.3 trillion but in FY's 1999, 2000 his administration bought back nearly $400,000,000,000 of our debt. Clinton left surpluses in the offing to continue to a completely paid off national debt. Then the ignoramus from TX took over, immediately cut tax rates again, not once but twice, 2001 and 2003. He used reconciliation to block Democrat opposition then doubled the debt to nearly $12 trillion. It's the tax rates...as sorry as those with the big bucks are to hear it this nation thrives when everyone is being treated fairly and some of the wealth is spread around not just funneled to the top.

When the president took over...the annual interest on the national debt approached the same figure as the defense budget. These foreign banks like to see their interest payments paid regularly and on time.

Debt is debt... Nothing can be done when starting out in a hole.

That's simply not true. When Reagan took over in 1981 we were almost out of debt from the second world war...owed less than $1 trillion. Reagan slashed tax rates to 50 year lows, continued to spend like a drunk sailor and proceeded to quadruple the total debt. When anybody cuts taxes they should be forced to show which spending they will cut in order to still balance the books.

Your statement was so foolish that I hate to even justify it with a response. I've been in debt half a dozen times in my life.....the worst when my first wife and I divorced and I had three young children to provide for. Then after they were all out of college, two with master's degrees I settled everything except my house. I made the final payment on my present house in 2005 and haven't owed anybody a dime since. Well.....we do settle our credit card debts at the end of each month but that's it.

The federal government should never been allowed to incur debt, they should have known it would turn into a political football.

Professional progressive politicians with an no limit credit card, DOES ANYBODY THINK THAT IS A GOOD THING?!?!?!?

What about what Roosevelt did right after Pearl Harbor? This country had been nearly ruined by Hoover's depression and parts of our military didn't even have rifles when we were attacked. We went in debt for everything...even the Manhattan project which fabricated our first nuclear arsenal. Like I said...we had almost settled all the debt from the 2nd WW when Reagan screwed the pooch and funneled $3 trillion of borrowed money into the pockets of the wealthy through low tax rates. He should have been pilloried then castrated.

 

[Rustic]

A so called "shrinking" deficit means nothing, if there is such an large debt it can't be repaid.

Just like putting bandaids on broken arm...

Bull Shit. Bill Clinton assumed a debt of:
09/30/1993 $4,411,488,883,139.38. This is the date of the end of GHW Bush's last budget. Government budgets work by fiscal years and they begin on Oct. 1st of the budget year and end on Sept.30 of the next year.

Clinton raised tax rates while he still had a Democrat majority and when he left office the debt had grown $1.3 trillion but in FY's 1999, 2000 his administration bought back nearly $400,000,000,000 of our debt. Clinton left surpluses in the offing to continue to a completely paid off national debt. Then the ignoramus from TX took over, immediately cut tax rates again, not once but twice, 2001 and 2003. He used reconciliation to block Democrat opposition then doubled the debt to nearly $12 trillion. It's the tax rates...as sorry as those with the big bucks are to hear it this nation thrives when everyone is being treated fairly and some of the wealth is spread around not just funneled to the top.

When the president took over...the annual interest on the national debt approached the same figure as the defense budget. These foreign banks like to see their interest payments paid regularly and on time.

Debt is debt... Nothing can be done when starting out in a hole.

That's simply not true. When Reagan took over in 1981 we were almost out of debt from the second world war...owed less than $1 trillion. Reagan slashed tax rates to 50 year lows, continued to spend like a drunk sailor and proceeded to quadruple the total debt. When anybody cuts taxes they should be forced to show which spending they will cut in order to still balance the books.

Your statement was so foolish that I hate to even justify it with a response. I've been in debt half a dozen times in my life.....the worst when my first wife and I divorced and I had three young children to provide for. Then after they were all out of college, two with master's degrees I settled everything except my house. I made the final payment on my present house in 2005 and haven't owed anybody a dime since. Well.....we do settle our credit card debts at the end of each month but that's it.

The federal government should never been allowed to incur debt, they should have known it would turn into a political football.

Professional progressive politicians with an no limit credit card, DOES ANYBODY THINK THAT IS A GOOD THING?!?!?!?

What about what Roosevelt did right after Pearl Harbor? This country had been nearly ruined by Hoover's depression and parts of our military didn't even have rifles when we were attacked. We went in debt for everything...even the Manhattan project which fabricated our first nuclear arsenal. Like I said...we had almost settled all the debt from the 2nd WW when Reagan screwed the pooch and funneled $3 trillion of borrowed money into the pockets of the wealthy through low tax rates. He should have been pilloried then castrated.

Passing the buck can never be a solution...

The government can never own anything, so called lost taxes are a canard. How can the government claim anything they never owned to begin with?!?!

Debt always has to be paid, the one in debt is always a slave to the debtor.
It's no good place to be...

 

[Campbell]

Bull Shit. Bill Clinton assumed a debt of:
09/30/1993 $4,411,488,883,139.38. This is the date of the end of GHW Bush's last budget. Government budgets work by fiscal years and they begin on Oct. 1st of the budget year and end on Sept.30 of the next year.

Clinton raised tax rates while he still had a Democrat majority and when he left office the debt had grown $1.3 trillion but in FY's 1999, 2000 his administration bought back nearly $400,000,000,000 of our debt. Clinton left surpluses in the offing to continue to a completely paid off national debt. Then the ignoramus from TX took over, immediately cut tax rates again, not once but twice, 2001 and 2003. He used reconciliation to block Democrat opposition then doubled the debt to nearly $12 trillion. It's the tax rates...as sorry as those with the big bucks are to hear it this nation thrives when everyone is being treated fairly and some of the wealth is spread around not just funneled to the top.

When the president took over...the annual interest on the national debt approached the same figure as the defense budget. These foreign banks like to see their interest payments paid regularly and on time.

Debt is debt... Nothing can be done when starting out in a hole.

That's simply not true. When Reagan took over in 1981 we were almost out of debt from the second world war...owed less than $1 trillion. Reagan slashed tax rates to 50 year lows, continued to spend like a drunk sailor and proceeded to quadruple the total debt. When anybody cuts taxes they should be forced to show which spending they will cut in order to still balance the books.

Your statement was so foolish that I hate to even justify it with a response. I've been in debt half a dozen times in my life.....the worst when my first wife and I divorced and I had three young children to provide for. Then after they were all out of college, two with master's degrees I settled everything except my house. I made the final payment on my present house in 2005 and haven't owed anybody a dime since. Well.....we do settle our credit card debts at the end of each month but that's it.

The federal government should never been allowed to incur debt, they should have known it would turn into a political football.

Professional progressive politicians with an no limit credit card, DOES ANYBODY THINK THAT IS A GOOD THING?!?!?!?

What about what Roosevelt did right after Pearl Harbor? This country had been nearly ruined by Hoover's depression and parts of our military didn't even have rifles when we were attacked. We went in debt for everything...even the Manhattan project which fabricated our first nuclear arsenal. Like I said...we had almost settled all the debt from the 2nd WW when Reagan screwed the pooch and funneled $3 trillion of borrowed money into the pockets of the wealthy through low tax rates. He should have been pilloried then castrated.

Passing the buck can never be a solution...

The government can never own anything, so called lost taxes are a canard. How can the government claim anything they never owned to begin with?!?!

Debt always has to be paid, the one in debt is always a slave to the debtor.
It's no good place to be...

You're wasting your breath spouting horse shit like that. I'm 81 years old. I was a child and saw grown men cry during the depression when they couldn't make enough money to feed their families. If we had continued to pay on the debt instead of granting big tax cuts to rich people we would be out of debt by now. Reagan was the absolute sorriest president this country has ever had. All he had to do was let the tax and debt situation he inherited ride and we could be debt free today. Here are the official figures on both tax rates and the debt....read it and weep:

..........................Total U S Debt...........................

09/30/2014 $17,824,071,380,733.82
09/30/2013 $16,738,183,526,697.32
09/30/2012 $16,066,241,407,385.89
09/30/2011 $14,790,340,328,557.15
09/30/2010 $13,561,623,030,891.79
09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)
09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)
09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)
09/30/2002 $6,228,235,965,597.16
09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)
09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)
09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)
09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
09/30/1993 $4,411,488,883,139.38 ( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00
09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)(Reagan Slashed Tax Rates To Pre Depression Levels)
09/30/1981 $997,855,000,000.00