When's the last POTUS that actually lowered the Debt?

Discussion in 'Politics' started by G.T., Feb 15, 2012.

  1. G.T.
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    G.T. Diamond Member

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    ??????????????????????????????????


    :confused::confused::confused::confused::confused:

    If it wasn't within my lifetime, I officially declare that I dont give a fuck about the debt.
     
  2. CaughtInTheMid
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    i think it was in the 1950s.

    and just to clarify, it was both the congress and the president who did it.
     
  3. G.T.
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    G.T. Diamond Member

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    Am I supposed to rationally believe that I'm somehow handing my child this debt, when in my entire lifetime it won't have been collected on for all intents and purposes?
     
  4. Conservative
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    Shouldn't that title read...

    When's the last time a POTUS actually lowered the Debt?
    or
    Who's the last POTUS that actually lowered the Debt?
     
  5. 1_Old_Man
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    No, it wasn't 'both the congress (sic) and the president (sic) who did it' it was the people of the United States who balanced the budget by way of the taxes they paid. Back in those days people paid for the services they demanded of their Government, now days, not so much.

    Its a revenue problem - its always a revenue problem. This nation does not spend too much, it spends too little. Every pothole is evidence of the problem, if we'd tax as much as we spent we would have no deficit at all. Every tax exemption in the law is a nail in our national economic coffin.
     
  6. G.T.
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    Yea, so?
     
  7. California Girl
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    Maybe you don't, but your children and grandchildren will. They'll be paying off your debts for their entire lives. I'm sure they'll thank you for not giving a fuck.
     
  8. CaughtInTheMid
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    Year $10,001 $20,001 $60,001 $100,001 $250,001
    1913 1% 2% 3% 5% 6%
    1914 1% 2% 3% 5% 6%
    1916 2% 3% 5% 7% 10%
    1918 16% 21% 41% 64% 72%
    1920 12% 17% 37% 60% 68%
    1922 10% 16% 36% 56% 58%
    1924 7% 11% 27% 43% 44%
    1926 6% 10% 21% 25% 25%
    1928 6% 10% 21% 25% 25%
    1930 6% 10% 21% 25% 25%
    1932 10% 16% 36% 56% 58%
    1934 11% 19% 37% 56% 58%
    1936 11% 19% 39% 62% 68%
    1938 11% 19% 39% 62% 68%
    1940 14% 28% 51% 62% 68%
    1942 38% 55% 75% 85% 88%
    1944 41% 59% 81% 92% 94%
    1946 38% 56% 78% 89% 91%
    1948 38% 56% 78% 89% 91%
    1950 38% 56% 78% 89% 91%
    1952 42% 62% 80% 90% 92%
    1954 38% 56% 78% 89% 91%
    1956 26% 38% 62% 75% 89%
    1958 26% 38% 62% 75% 89%
    1960 26% 38% 62% 75% 89%
    1962 26% 38% 62% 75% 89%
    1964 23% 34% 56% 66% 76%
    1966 22% 32% 53% 62% 70%
    1980 18% 24% 54% 59% 70%
    1982 16% 22% 49% 50% 50%
    1984 14% 18% 42% 45% 50%
    1986 14% 18% 38% 45% 50%
    1988 15% 15% 28% 28% 28%
    1990 15% 15% 28% 28% 28%
    1992 15% 15% 28% 28% 31%
    1994 15% 15% 28% 31% 39.6%
    1996 15% 15% 28% 31% 36%
    1998 15% 15% 28% 28% 36%
    2000 15% 15% 28% 28% 36%
    2002 10% 15% 27% 27% 35%
    2004 10% 15% 25% 25% 33%
    2006 10% 15% 15% 25% 33%
    2008 10% 15% 15% 25% 33%
    2010 10% 15% 15% 25% 33%
     
  9. G.T.
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    G.T. Diamond Member

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    See post numeral three.

    Also - it's a collective debt. Meaning - it is my kids' and grandkids' debt to pay, also.

    For example. Say we went to war, for survival.

    We won, we had a debt because of winning.

    The kid's mere existence is thanks to the Men and Women who fought the war.

    It's not fair that they pay taxes toward said debt?


    Yes, it is. (And war is not the only example we can come up with................how about Medical research that was subsidized that may someday save their lives? Things aren't as black and white as the soundbite "leaving your kids and grandkids with debt.")
     
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  10. G.T.
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    G.T. Diamond Member

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    1950's.

    62 years ago.

    Most of us weren't even born yet - yet act like "lowering the debt" is some benchmark we judge our POTUSES by.

    If you're not in your 60's or older, it falls on deaf ears.
     
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