Taxing The Rich

[Oldestyle]

Who are you scared of and how much are they spending compared to us. Please give numbers so I get a good laugh.

Mandatory Spending

Mandatory spending is estimated at $2.966 trillion in FY 2021. This category includes entitlement programs such as Social Security, Medicare, and unemployment compensation. It also includes welfare programs such as Medicaid. Social Security will be the biggest expense, budgeted at $1.151 trillion. It's followed by Medicare at $722 billion and Medicaid at $448 billion. Social Security costs are currently 100% covered by payroll taxes and interest on investments. Until 2010, there was more coming into the Social Security Trust Fund than being paid out. Thanks to its investments, the Trust Fund is still running a surplus.

The Trust Fund’s Board estimates that Social Security's surplus will be depleted by 2034.3 Social Security revenue, from payroll taxes and interest earned, will cover only 79% of the benefits promised to retirees.

Medicare is already underfunded because taxes withheld for the program don't pay for all benefits. Congress must use tax dollars to pay for a portion of it. Medicaid is 100% funded by the general fund, also known as "America's Checkbook." This account is used to finance daily activities and long-term operations of the government.4



Discretionary Spending

The discretionary budget for 2021 is $1.485 trillion. More than half goes toward military spending, including Homeland Security, the Department of Veterans Affairs, and other defense-related departments. The rest must pay for all other domestic programs. The largest of these programs are Health and Human Services, Education, and Housing and Urban Development.

There also is the Overseas Contingency Operations fund that pays for wars or continuing military actions. A growing portion of the discretionary budget is set aside for disaster relief such as hurricane and wildfire relief.

U.S. Federal Budget Breakdown

The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.

www.thebalance.com

You ignored my question. Who are you scared of and how much do they spend compared to us?

I'm scared of the Chinese. You should be too.

And they spend how much on the military? We spend how much?

Obama needed defense money to bomb Libya, fight the war in Iraq for three years and escalated the war in Afghanistan, didn't he?

Clinton needed it to kill Christians in order to protect Muslims, didn't he?

Clinton balanced the budget.

No, Clinton did NOT balance the budget! Don't be such an idiot, Brain!

Yes he did. Heck there was a surplus for Bush till he ruined everything. Is denying reality all trumpers have?

Brain? Before you make a total fool of yourself...do a little research on this subject! It's a myth that Clinton ever had a balanced budget let alone a surplus.

Well deficits sure shrunk with Clinton and sure grew with Trump. You idiots love to deny facts.

LOL...so you've gone from claiming that Clinton had a surplus...to claiming that he had a balanced budget...to now claiming that he had smaller deficits? But you call me an idiot that denies facts? With all due respect, YOU are the person making up facts!

Wages actually outpaced inflation for a while under the Clinton administration and he did run massive budget surpluses, unlike the right wing.

Clinton never had a surplus. That's a liberal myth that people who are ignorant buy into.

 

[danielpalos]

Who are you scared of and how much are they spending compared to us. Please give numbers so I get a good laugh.

Mandatory Spending

Mandatory spending is estimated at $2.966 trillion in FY 2021. This category includes entitlement programs such as Social Security, Medicare, and unemployment compensation. It also includes welfare programs such as Medicaid. Social Security will be the biggest expense, budgeted at $1.151 trillion. It's followed by Medicare at $722 billion and Medicaid at $448 billion. Social Security costs are currently 100% covered by payroll taxes and interest on investments. Until 2010, there was more coming into the Social Security Trust Fund than being paid out. Thanks to its investments, the Trust Fund is still running a surplus.

The Trust Fund’s Board estimates that Social Security's surplus will be depleted by 2034.3 Social Security revenue, from payroll taxes and interest earned, will cover only 79% of the benefits promised to retirees.

Medicare is already underfunded because taxes withheld for the program don't pay for all benefits. Congress must use tax dollars to pay for a portion of it. Medicaid is 100% funded by the general fund, also known as "America's Checkbook." This account is used to finance daily activities and long-term operations of the government.4



Discretionary Spending

The discretionary budget for 2021 is $1.485 trillion. More than half goes toward military spending, including Homeland Security, the Department of Veterans Affairs, and other defense-related departments. The rest must pay for all other domestic programs. The largest of these programs are Health and Human Services, Education, and Housing and Urban Development.

There also is the Overseas Contingency Operations fund that pays for wars or continuing military actions. A growing portion of the discretionary budget is set aside for disaster relief such as hurricane and wildfire relief.

U.S. Federal Budget Breakdown

The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.

www.thebalance.com

You ignored my question. Who are you scared of and how much do they spend compared to us?

I'm scared of the Chinese. You should be too.

And they spend how much on the military? We spend how much?

Obama needed defense money to bomb Libya, fight the war in Iraq for three years and escalated the war in Afghanistan, didn't he?

Clinton needed it to kill Christians in order to protect Muslims, didn't he?

Clinton balanced the budget.

No, Clinton did NOT balance the budget! Don't be such an idiot, Brain!

Yes he did. Heck there was a surplus for Bush till he ruined everything. Is denying reality all trumpers have?

Brain? Before you make a total fool of yourself...do a little research on this subject! It's a myth that Clinton ever had a balanced budget let alone a surplus.

Well deficits sure shrunk with Clinton and sure grew with Trump. You idiots love to deny facts.

LOL...so you've gone from claiming that Clinton had a surplus...to claiming that he had a balanced budget...to now claiming that he had smaller deficits? But you call me an idiot that denies facts? With all due respect, YOU are the person making up facts!

Wages actually outpaced inflation for a while under the Clinton administration and he did run massive budget surpluses, unlike the right wing.

Clinton never had a surplus. That's a liberal myth that people who are ignorant buy into.

Yes, Clinton did have a surplus. Only the right wing prefers their right wing fantasy and insist they are Right simply because they are on the right wing not because they have any, sublime Truth (value) for true witness bearing purposes. Why do you bother bragging about allegedly taking economics in tertiary education?

Below are the budgetary results for President Clinton's two terms in office:

• He had budget surpluses for fiscal years 1998-2001, the only such years from 1970-2018. Clinton's final four budgets were balanced budgets with surpluses, beginning with the 1997 budget.
• The ratio of debt held by the public to GDP, a primary measure of U.S. federal debt, fell from 47.8% in 1993 to 33.6% by 2000. Debt held by the public was actually paid down by $453 billion over the 1998-2001 periods, the only time this happened between 1970 and 2018.--https://en.wikipedia.org/wiki/Economic_policy_of_the_Bill_Clinton_administration#Economic_results_summary

 

[Mr Natural]

Clinton never had a surplus. That's a liberal myth that people who are ignorant buy into.

Then where did those $300 George Bush checks come from?

 

[Flash]

 

[Flash]

Who are you scared of and how much are they spending compared to us. Please give numbers so I get a good laugh.

Mandatory Spending

Mandatory spending is estimated at $2.966 trillion in FY 2021. This category includes entitlement programs such as Social Security, Medicare, and unemployment compensation. It also includes welfare programs such as Medicaid. Social Security will be the biggest expense, budgeted at $1.151 trillion. It's followed by Medicare at $722 billion and Medicaid at $448 billion. Social Security costs are currently 100% covered by payroll taxes and interest on investments. Until 2010, there was more coming into the Social Security Trust Fund than being paid out. Thanks to its investments, the Trust Fund is still running a surplus.

The Trust Fund’s Board estimates that Social Security's surplus will be depleted by 2034.3 Social Security revenue, from payroll taxes and interest earned, will cover only 79% of the benefits promised to retirees.

Medicare is already underfunded because taxes withheld for the program don't pay for all benefits. Congress must use tax dollars to pay for a portion of it. Medicaid is 100% funded by the general fund, also known as "America's Checkbook." This account is used to finance daily activities and long-term operations of the government.4



Discretionary Spending

The discretionary budget for 2021 is $1.485 trillion. More than half goes toward military spending, including Homeland Security, the Department of Veterans Affairs, and other defense-related departments. The rest must pay for all other domestic programs. The largest of these programs are Health and Human Services, Education, and Housing and Urban Development.

There also is the Overseas Contingency Operations fund that pays for wars or continuing military actions. A growing portion of the discretionary budget is set aside for disaster relief such as hurricane and wildfire relief.

U.S. Federal Budget Breakdown

The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.

www.thebalance.com

You ignored my question. Who are you scared of and how much do they spend compared to us?

I'm scared of the Chinese. You should be too.

And they spend how much on the military? We spend how much?

Obama needed defense money to bomb Libya, fight the war in Iraq for three years and escalated the war in Afghanistan, didn't he?

Clinton needed it to kill Christians in order to protect Muslims, didn't he?

Clinton balanced the budget.

No, Clinton did NOT balance the budget! Don't be such an idiot, Brain!

Yes he did. Heck there was a surplus for Bush till he ruined everything. Is denying reality all trumpers have?

Brain? Before you make a total fool of yourself...do a little research on this subject! It's a myth that Clinton ever had a balanced budget let alone a surplus.

Well deficits sure shrunk with Clinton and sure grew with Trump. You idiots love to deny facts.

LOL...so you've gone from claiming that Clinton had a surplus...to claiming that he had a balanced budget...to now claiming that he had smaller deficits? But you call me an idiot that denies facts? With all due respect, YOU are the person making up facts!

Wages actually outpaced inflation for a while under the Clinton administration and he did run massive budget surpluses, unlike the right wing.

Clinton never had a surplus. That's a liberal myth that people who are ignorant buy into.

Yes, Clinton did have a surplus. Only the right wing prefers their right wing fantasy and insist they are Right simply because they are on the right wing not because they have any, sublime Truth (value) for true witness bearing purposes. Why do you bother bragging about allegedly taking economics in tertiary education?

Below are the budgetary results for President Clinton's two terms in office:

• He had budget surpluses for fiscal years 1998-2001, the only such years from 1970-2018. Clinton's final four budgets were balanced budgets with surpluses, beginning with the 1997 budget.
• The ratio of debt held by the public to GDP, a primary measure of U.S. federal debt, fell from 47.8% in 1993 to 33.6% by 2000. Debt held by the public was actually paid down by $453 billion over the 1998-2001 periods, the only time this happened between 1970 and 2018.--https://en.wikipedia.org/wiki/Economic_policy_of_the_Bill_Clinton_administration#Economic_results_summary

You fucking confused uneducated Moon Bat.

Look at the data I posted earlier that listed the cumulative debt that Slick Willy had when he was sworn in and when he left office. Hint: It was higher when he left office than when assumed office.

Stop being a moron. It just make you look like an Internet fool. You have no credibility.

 

[danielpalos]

View attachment 419432

The failure of the US under the Articles proved capitalism is worthless when compared to socialism.

 

[danielpalos]

Who are you scared of and how much are they spending compared to us. Please give numbers so I get a good laugh.

Mandatory Spending

Mandatory spending is estimated at $2.966 trillion in FY 2021. This category includes entitlement programs such as Social Security, Medicare, and unemployment compensation. It also includes welfare programs such as Medicaid. Social Security will be the biggest expense, budgeted at $1.151 trillion. It's followed by Medicare at $722 billion and Medicaid at $448 billion. Social Security costs are currently 100% covered by payroll taxes and interest on investments. Until 2010, there was more coming into the Social Security Trust Fund than being paid out. Thanks to its investments, the Trust Fund is still running a surplus.

The Trust Fund’s Board estimates that Social Security's surplus will be depleted by 2034.3 Social Security revenue, from payroll taxes and interest earned, will cover only 79% of the benefits promised to retirees.

Medicare is already underfunded because taxes withheld for the program don't pay for all benefits. Congress must use tax dollars to pay for a portion of it. Medicaid is 100% funded by the general fund, also known as "America's Checkbook." This account is used to finance daily activities and long-term operations of the government.4



Discretionary Spending

The discretionary budget for 2021 is $1.485 trillion. More than half goes toward military spending, including Homeland Security, the Department of Veterans Affairs, and other defense-related departments. The rest must pay for all other domestic programs. The largest of these programs are Health and Human Services, Education, and Housing and Urban Development.

There also is the Overseas Contingency Operations fund that pays for wars or continuing military actions. A growing portion of the discretionary budget is set aside for disaster relief such as hurricane and wildfire relief.

U.S. Federal Budget Breakdown

The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.

www.thebalance.com

You ignored my question. Who are you scared of and how much do they spend compared to us?

I'm scared of the Chinese. You should be too.

And they spend how much on the military? We spend how much?

Obama needed defense money to bomb Libya, fight the war in Iraq for three years and escalated the war in Afghanistan, didn't he?

Clinton needed it to kill Christians in order to protect Muslims, didn't he?

Clinton balanced the budget.

No, Clinton did NOT balance the budget! Don't be such an idiot, Brain!

Yes he did. Heck there was a surplus for Bush till he ruined everything. Is denying reality all trumpers have?

Brain? Before you make a total fool of yourself...do a little research on this subject! It's a myth that Clinton ever had a balanced budget let alone a surplus.

Well deficits sure shrunk with Clinton and sure grew with Trump. You idiots love to deny facts.

LOL...so you've gone from claiming that Clinton had a surplus...to claiming that he had a balanced budget...to now claiming that he had smaller deficits? But you call me an idiot that denies facts? With all due respect, YOU are the person making up facts!

Wages actually outpaced inflation for a while under the Clinton administration and he did run massive budget surpluses, unlike the right wing.

Clinton never had a surplus. That's a liberal myth that people who are ignorant buy into.

Yes, Clinton did have a surplus. Only the right wing prefers their right wing fantasy and insist they are Right simply because they are on the right wing not because they have any, sublime Truth (value) for true witness bearing purposes. Why do you bother bragging about allegedly taking economics in tertiary education?

Below are the budgetary results for President Clinton's two terms in office:

• He had budget surpluses for fiscal years 1998-2001, the only such years from 1970-2018. Clinton's final four budgets were balanced budgets with surpluses, beginning with the 1997 budget.
• The ratio of debt held by the public to GDP, a primary measure of U.S. federal debt, fell from 47.8% in 1993 to 33.6% by 2000. Debt held by the public was actually paid down by $453 billion over the 1998-2001 periods, the only time this happened between 1970 and 2018.--https://en.wikipedia.org/wiki/Economic_policy_of_the_Bill_Clinton_administration#Economic_results_summary

You fucking confused uneducated Moon Bat.

Look at the data I posted earlier that listed the cumulative debt that Slick Willy had when he was sworn in and when he left office. Hint: It was higher when he left office than when assumed office.

Stop being a moron. It just make you look like an Internet fool. You have no credibility.

Just your right wing fantasy side show when you can't go fishing for red herrings. The federal Budget is distinct from US debt.

 

[Oldestyle]

Who are you scared of and how much are they spending compared to us. Please give numbers so I get a good laugh.

Mandatory Spending

Mandatory spending is estimated at $2.966 trillion in FY 2021. This category includes entitlement programs such as Social Security, Medicare, and unemployment compensation. It also includes welfare programs such as Medicaid. Social Security will be the biggest expense, budgeted at $1.151 trillion. It's followed by Medicare at $722 billion and Medicaid at $448 billion. Social Security costs are currently 100% covered by payroll taxes and interest on investments. Until 2010, there was more coming into the Social Security Trust Fund than being paid out. Thanks to its investments, the Trust Fund is still running a surplus.

The Trust Fund’s Board estimates that Social Security's surplus will be depleted by 2034.3 Social Security revenue, from payroll taxes and interest earned, will cover only 79% of the benefits promised to retirees.

Medicare is already underfunded because taxes withheld for the program don't pay for all benefits. Congress must use tax dollars to pay for a portion of it. Medicaid is 100% funded by the general fund, also known as "America's Checkbook." This account is used to finance daily activities and long-term operations of the government.4



Discretionary Spending

The discretionary budget for 2021 is $1.485 trillion. More than half goes toward military spending, including Homeland Security, the Department of Veterans Affairs, and other defense-related departments. The rest must pay for all other domestic programs. The largest of these programs are Health and Human Services, Education, and Housing and Urban Development.

There also is the Overseas Contingency Operations fund that pays for wars or continuing military actions. A growing portion of the discretionary budget is set aside for disaster relief such as hurricane and wildfire relief.

U.S. Federal Budget Breakdown

The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.

www.thebalance.com

You ignored my question. Who are you scared of and how much do they spend compared to us?

I'm scared of the Chinese. You should be too.

And they spend how much on the military? We spend how much?

Obama needed defense money to bomb Libya, fight the war in Iraq for three years and escalated the war in Afghanistan, didn't he?

Clinton needed it to kill Christians in order to protect Muslims, didn't he?

Clinton balanced the budget.

No, Clinton did NOT balance the budget! Don't be such an idiot, Brain!

Yes he did. Heck there was a surplus for Bush till he ruined everything. Is denying reality all trumpers have?

Brain? Before you make a total fool of yourself...do a little research on this subject! It's a myth that Clinton ever had a balanced budget let alone a surplus.

Well deficits sure shrunk with Clinton and sure grew with Trump. You idiots love to deny facts.

LOL...so you've gone from claiming that Clinton had a surplus...to claiming that he had a balanced budget...to now claiming that he had smaller deficits? But you call me an idiot that denies facts? With all due respect, YOU are the person making up facts!

Wages actually outpaced inflation for a while under the Clinton administration and he did run massive budget surpluses, unlike the right wing.

Clinton never had a surplus. That's a liberal myth that people who are ignorant buy into.

Yes, Clinton did have a surplus. Only the right wing prefers their right wing fantasy and insist they are Right simply because they are on the right wing not because they have any, sublime Truth (value) for true witness bearing purposes. Why do you bother bragging about allegedly taking economics in tertiary education?

Below are the budgetary results for President Clinton's two terms in office:

• He had budget surpluses for fiscal years 1998-2001, the only such years from 1970-2018. Clinton's final four budgets were balanced budgets with surpluses, beginning with the 1997 budget.
• The ratio of debt held by the public to GDP, a primary measure of U.S. federal debt, fell from 47.8% in 1993 to 33.6% by 2000. Debt held by the public was actually paid down by $453 billion over the 1998-2001 periods, the only time this happened between 1970 and 2018.--https://en.wikipedia.org/wiki/Economic_policy_of_the_Bill_Clinton_administration#Economic_results_summary

Do you know what intragovernmental holdings are, Daniel? I know this is complicated for someone that knows zero about economics like yourself but what you call a budget "surplus" was simply an accounting sleight of hand. Bill Clinton NEVER had a surplus.

 

[danielpalos]

Who are you scared of and how much are they spending compared to us. Please give numbers so I get a good laugh.

Mandatory Spending

Mandatory spending is estimated at $2.966 trillion in FY 2021. This category includes entitlement programs such as Social Security, Medicare, and unemployment compensation. It also includes welfare programs such as Medicaid. Social Security will be the biggest expense, budgeted at $1.151 trillion. It's followed by Medicare at $722 billion and Medicaid at $448 billion. Social Security costs are currently 100% covered by payroll taxes and interest on investments. Until 2010, there was more coming into the Social Security Trust Fund than being paid out. Thanks to its investments, the Trust Fund is still running a surplus.

The Trust Fund’s Board estimates that Social Security's surplus will be depleted by 2034.3 Social Security revenue, from payroll taxes and interest earned, will cover only 79% of the benefits promised to retirees.

Medicare is already underfunded because taxes withheld for the program don't pay for all benefits. Congress must use tax dollars to pay for a portion of it. Medicaid is 100% funded by the general fund, also known as "America's Checkbook." This account is used to finance daily activities and long-term operations of the government.4



Discretionary Spending

The discretionary budget for 2021 is $1.485 trillion. More than half goes toward military spending, including Homeland Security, the Department of Veterans Affairs, and other defense-related departments. The rest must pay for all other domestic programs. The largest of these programs are Health and Human Services, Education, and Housing and Urban Development.

There also is the Overseas Contingency Operations fund that pays for wars or continuing military actions. A growing portion of the discretionary budget is set aside for disaster relief such as hurricane and wildfire relief.

U.S. Federal Budget Breakdown

The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.

www.thebalance.com

You ignored my question. Who are you scared of and how much do they spend compared to us?

I'm scared of the Chinese. You should be too.

And they spend how much on the military? We spend how much?

Obama needed defense money to bomb Libya, fight the war in Iraq for three years and escalated the war in Afghanistan, didn't he?

Clinton needed it to kill Christians in order to protect Muslims, didn't he?

Clinton balanced the budget.

No, Clinton did NOT balance the budget! Don't be such an idiot, Brain!

Yes he did. Heck there was a surplus for Bush till he ruined everything. Is denying reality all trumpers have?

Brain? Before you make a total fool of yourself...do a little research on this subject! It's a myth that Clinton ever had a balanced budget let alone a surplus.

Well deficits sure shrunk with Clinton and sure grew with Trump. You idiots love to deny facts.

LOL...so you've gone from claiming that Clinton had a surplus...to claiming that he had a balanced budget...to now claiming that he had smaller deficits? But you call me an idiot that denies facts? With all due respect, YOU are the person making up facts!

Wages actually outpaced inflation for a while under the Clinton administration and he did run massive budget surpluses, unlike the right wing.

Clinton never had a surplus. That's a liberal myth that people who are ignorant buy into.

Yes, Clinton did have a surplus. Only the right wing prefers their right wing fantasy and insist they are Right simply because they are on the right wing not because they have any, sublime Truth (value) for true witness bearing purposes. Why do you bother bragging about allegedly taking economics in tertiary education?

Below are the budgetary results for President Clinton's two terms in office:

• He had budget surpluses for fiscal years 1998-2001, the only such years from 1970-2018. Clinton's final four budgets were balanced budgets with surpluses, beginning with the 1997 budget.
• The ratio of debt held by the public to GDP, a primary measure of U.S. federal debt, fell from 47.8% in 1993 to 33.6% by 2000. Debt held by the public was actually paid down by $453 billion over the 1998-2001 periods, the only time this happened between 1970 and 2018.--https://en.wikipedia.org/wiki/Economic_policy_of_the_Bill_Clinton_administration#Economic_results_summary

Do you know what intragovernmental holdings are, Daniel? I know this is complicated for someone that knows zero about economics like yourself but what you call a budget "surplus" was simply an accounting sleight of hand. Bill Clinton NEVER had a surplus.

Only macroeconomists may allege that not accountants nor accounting.

 

[Oldestyle]

Who are you scared of and how much are they spending compared to us. Please give numbers so I get a good laugh.

Mandatory Spending

Mandatory spending is estimated at $2.966 trillion in FY 2021. This category includes entitlement programs such as Social Security, Medicare, and unemployment compensation. It also includes welfare programs such as Medicaid. Social Security will be the biggest expense, budgeted at $1.151 trillion. It's followed by Medicare at $722 billion and Medicaid at $448 billion. Social Security costs are currently 100% covered by payroll taxes and interest on investments. Until 2010, there was more coming into the Social Security Trust Fund than being paid out. Thanks to its investments, the Trust Fund is still running a surplus.

The Trust Fund’s Board estimates that Social Security's surplus will be depleted by 2034.3 Social Security revenue, from payroll taxes and interest earned, will cover only 79% of the benefits promised to retirees.

Medicare is already underfunded because taxes withheld for the program don't pay for all benefits. Congress must use tax dollars to pay for a portion of it. Medicaid is 100% funded by the general fund, also known as "America's Checkbook." This account is used to finance daily activities and long-term operations of the government.4



Discretionary Spending

The discretionary budget for 2021 is $1.485 trillion. More than half goes toward military spending, including Homeland Security, the Department of Veterans Affairs, and other defense-related departments. The rest must pay for all other domestic programs. The largest of these programs are Health and Human Services, Education, and Housing and Urban Development.

There also is the Overseas Contingency Operations fund that pays for wars or continuing military actions. A growing portion of the discretionary budget is set aside for disaster relief such as hurricane and wildfire relief.

U.S. Federal Budget Breakdown

The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.

www.thebalance.com

You ignored my question. Who are you scared of and how much do they spend compared to us?

I'm scared of the Chinese. You should be too.

And they spend how much on the military? We spend how much?

Obama needed defense money to bomb Libya, fight the war in Iraq for three years and escalated the war in Afghanistan, didn't he?

Clinton needed it to kill Christians in order to protect Muslims, didn't he?

Clinton balanced the budget.

No, Clinton did NOT balance the budget! Don't be such an idiot, Brain!

Yes he did. Heck there was a surplus for Bush till he ruined everything. Is denying reality all trumpers have?

Brain? Before you make a total fool of yourself...do a little research on this subject! It's a myth that Clinton ever had a balanced budget let alone a surplus.

Well deficits sure shrunk with Clinton and sure grew with Trump. You idiots love to deny facts.

LOL...so you've gone from claiming that Clinton had a surplus...to claiming that he had a balanced budget...to now claiming that he had smaller deficits? But you call me an idiot that denies facts? With all due respect, YOU are the person making up facts!

Wages actually outpaced inflation for a while under the Clinton administration and he did run massive budget surpluses, unlike the right wing.

Clinton never had a surplus. That's a liberal myth that people who are ignorant buy into.

Yes, Clinton did have a surplus. Only the right wing prefers their right wing fantasy and insist they are Right simply because they are on the right wing not because they have any, sublime Truth (value) for true witness bearing purposes. Why do you bother bragging about allegedly taking economics in tertiary education?

Below are the budgetary results for President Clinton's two terms in office:

• He had budget surpluses for fiscal years 1998-2001, the only such years from 1970-2018. Clinton's final four budgets were balanced budgets with surpluses, beginning with the 1997 budget.
• The ratio of debt held by the public to GDP, a primary measure of U.S. federal debt, fell from 47.8% in 1993 to 33.6% by 2000. Debt held by the public was actually paid down by $453 billion over the 1998-2001 periods, the only time this happened between 1970 and 2018.--https://en.wikipedia.org/wiki/Economic_policy_of_the_Bill_Clinton_administration#Economic_results_summary

Do you know what intragovernmental holdings are, Daniel? I know this is complicated for someone that knows zero about economics like yourself but what you call a budget "surplus" was simply an accounting sleight of hand. Bill Clinton NEVER had a surplus.

Only macroeconomists may allege that not accountants nor accounting.

Don't have a clue what intragovernmental holdings are...do you, Daniel? Why doesn't that shock me!

 

[danielpalos]

Who are you scared of and how much are they spending compared to us. Please give numbers so I get a good laugh.

Mandatory Spending

Mandatory spending is estimated at $2.966 trillion in FY 2021. This category includes entitlement programs such as Social Security, Medicare, and unemployment compensation. It also includes welfare programs such as Medicaid. Social Security will be the biggest expense, budgeted at $1.151 trillion. It's followed by Medicare at $722 billion and Medicaid at $448 billion. Social Security costs are currently 100% covered by payroll taxes and interest on investments. Until 2010, there was more coming into the Social Security Trust Fund than being paid out. Thanks to its investments, the Trust Fund is still running a surplus.

The Trust Fund’s Board estimates that Social Security's surplus will be depleted by 2034.3 Social Security revenue, from payroll taxes and interest earned, will cover only 79% of the benefits promised to retirees.

Medicare is already underfunded because taxes withheld for the program don't pay for all benefits. Congress must use tax dollars to pay for a portion of it. Medicaid is 100% funded by the general fund, also known as "America's Checkbook." This account is used to finance daily activities and long-term operations of the government.4



Discretionary Spending

The discretionary budget for 2021 is $1.485 trillion. More than half goes toward military spending, including Homeland Security, the Department of Veterans Affairs, and other defense-related departments. The rest must pay for all other domestic programs. The largest of these programs are Health and Human Services, Education, and Housing and Urban Development.

There also is the Overseas Contingency Operations fund that pays for wars or continuing military actions. A growing portion of the discretionary budget is set aside for disaster relief such as hurricane and wildfire relief.

U.S. Federal Budget Breakdown

The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.

www.thebalance.com

You ignored my question. Who are you scared of and how much do they spend compared to us?

I'm scared of the Chinese. You should be too.

And they spend how much on the military? We spend how much?

Obama needed defense money to bomb Libya, fight the war in Iraq for three years and escalated the war in Afghanistan, didn't he?

Clinton needed it to kill Christians in order to protect Muslims, didn't he?

Clinton balanced the budget.

No, Clinton did NOT balance the budget! Don't be such an idiot, Brain!

Yes he did. Heck there was a surplus for Bush till he ruined everything. Is denying reality all trumpers have?

Brain? Before you make a total fool of yourself...do a little research on this subject! It's a myth that Clinton ever had a balanced budget let alone a surplus.

Well deficits sure shrunk with Clinton and sure grew with Trump. You idiots love to deny facts.

LOL...so you've gone from claiming that Clinton had a surplus...to claiming that he had a balanced budget...to now claiming that he had smaller deficits? But you call me an idiot that denies facts? With all due respect, YOU are the person making up facts!

Wages actually outpaced inflation for a while under the Clinton administration and he did run massive budget surpluses, unlike the right wing.

Clinton never had a surplus. That's a liberal myth that people who are ignorant buy into.

Yes, Clinton did have a surplus. Only the right wing prefers their right wing fantasy and insist they are Right simply because they are on the right wing not because they have any, sublime Truth (value) for true witness bearing purposes. Why do you bother bragging about allegedly taking economics in tertiary education?

Below are the budgetary results for President Clinton's two terms in office:

• He had budget surpluses for fiscal years 1998-2001, the only such years from 1970-2018. Clinton's final four budgets were balanced budgets with surpluses, beginning with the 1997 budget.
• The ratio of debt held by the public to GDP, a primary measure of U.S. federal debt, fell from 47.8% in 1993 to 33.6% by 2000. Debt held by the public was actually paid down by $453 billion over the 1998-2001 periods, the only time this happened between 1970 and 2018.--https://en.wikipedia.org/wiki/Economic_policy_of_the_Bill_Clinton_administration#Economic_results_summary

Do you know what intragovernmental holdings are, Daniel? I know this is complicated for someone that knows zero about economics like yourself but what you call a budget "surplus" was simply an accounting sleight of hand. Bill Clinton NEVER had a surplus.

Only macroeconomists may allege that not accountants nor accounting.

Don't have a clue what intragovernmental holdings are...do you, Daniel? Why doesn't that shock me!

It has been awhile since I argued this point with right wingers. I am pretty sure they had nothing but Hoax then, why should I believe you now?

The Budget and Deficit Under Clinton - FactCheck.org

Q: During the Clinton administration was the federal budget balanced? Was the federal deficit erased? A: Yes to both questions, whether you count Social Security or not. FULL ANSWER This chart, based on historical figures from the nonpartisan Congressional Budget Office, shows the total deficit...

www.factcheck.org

 

[Oldestyle]

Who are you scared of and how much are they spending compared to us. Please give numbers so I get a good laugh.

Mandatory Spending

Mandatory spending is estimated at $2.966 trillion in FY 2021. This category includes entitlement programs such as Social Security, Medicare, and unemployment compensation. It also includes welfare programs such as Medicaid. Social Security will be the biggest expense, budgeted at $1.151 trillion. It's followed by Medicare at $722 billion and Medicaid at $448 billion. Social Security costs are currently 100% covered by payroll taxes and interest on investments. Until 2010, there was more coming into the Social Security Trust Fund than being paid out. Thanks to its investments, the Trust Fund is still running a surplus.

The Trust Fund’s Board estimates that Social Security's surplus will be depleted by 2034.3 Social Security revenue, from payroll taxes and interest earned, will cover only 79% of the benefits promised to retirees.

Medicare is already underfunded because taxes withheld for the program don't pay for all benefits. Congress must use tax dollars to pay for a portion of it. Medicaid is 100% funded by the general fund, also known as "America's Checkbook." This account is used to finance daily activities and long-term operations of the government.4



Discretionary Spending

The discretionary budget for 2021 is $1.485 trillion. More than half goes toward military spending, including Homeland Security, the Department of Veterans Affairs, and other defense-related departments. The rest must pay for all other domestic programs. The largest of these programs are Health and Human Services, Education, and Housing and Urban Development.

There also is the Overseas Contingency Operations fund that pays for wars or continuing military actions. A growing portion of the discretionary budget is set aside for disaster relief such as hurricane and wildfire relief.

U.S. Federal Budget Breakdown

The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.

www.thebalance.com

You ignored my question. Who are you scared of and how much do they spend compared to us?

I'm scared of the Chinese. You should be too.

And they spend how much on the military? We spend how much?

Obama needed defense money to bomb Libya, fight the war in Iraq for three years and escalated the war in Afghanistan, didn't he?

Clinton needed it to kill Christians in order to protect Muslims, didn't he?

Clinton balanced the budget.

No, Clinton did NOT balance the budget! Don't be such an idiot, Brain!

Yes he did. Heck there was a surplus for Bush till he ruined everything. Is denying reality all trumpers have?

Brain? Before you make a total fool of yourself...do a little research on this subject! It's a myth that Clinton ever had a balanced budget let alone a surplus.

Well deficits sure shrunk with Clinton and sure grew with Trump. You idiots love to deny facts.

LOL...so you've gone from claiming that Clinton had a surplus...to claiming that he had a balanced budget...to now claiming that he had smaller deficits? But you call me an idiot that denies facts? With all due respect, YOU are the person making up facts!

Wages actually outpaced inflation for a while under the Clinton administration and he did run massive budget surpluses, unlike the right wing.

Clinton never had a surplus. That's a liberal myth that people who are ignorant buy into.

Yes, Clinton did have a surplus. Only the right wing prefers their right wing fantasy and insist they are Right simply because they are on the right wing not because they have any, sublime Truth (value) for true witness bearing purposes. Why do you bother bragging about allegedly taking economics in tertiary education?

Below are the budgetary results for President Clinton's two terms in office:

• He had budget surpluses for fiscal years 1998-2001, the only such years from 1970-2018. Clinton's final four budgets were balanced budgets with surpluses, beginning with the 1997 budget.
• The ratio of debt held by the public to GDP, a primary measure of U.S. federal debt, fell from 47.8% in 1993 to 33.6% by 2000. Debt held by the public was actually paid down by $453 billion over the 1998-2001 periods, the only time this happened between 1970 and 2018.--https://en.wikipedia.org/wiki/Economic_policy_of_the_Bill_Clinton_administration#Economic_results_summary

Do you know what intragovernmental holdings are, Daniel? I know this is complicated for someone that knows zero about economics like yourself but what you call a budget "surplus" was simply an accounting sleight of hand. Bill Clinton NEVER had a surplus.

Only macroeconomists may allege that not accountants nor accounting.

Don't have a clue what intragovernmental holdings are...do you, Daniel? Why doesn't that shock me!

It has been awhile since I argued this point with right wingers. I am pretty sure they had nothing but Hoax then, why should I believe you now?

The Budget and Deficit Under Clinton - FactCheck.org

Q: During the Clinton administration was the federal budget balanced? Was the federal deficit erased? A: Yes to both questions, whether you count Social Security or not. FULL ANSWER This chart, based on historical figures from the nonpartisan Congressional Budget Office, shows the total deficit...

www.factcheck.org

Understanding what happened requires understanding two concepts of what makes up the national debt. The national debt is made up of public debt and intragovernmental holdings. The public debt is debt held by the public, normally including things such as treasury bills, savings bonds, and other instruments the public can purchase from the government. Intragovernmental holdings, on the other hand, is when the government borrows money from itself--mostly borrowing money from social security.

Looking at the makeup of the national debt and the claimed surpluses for the last 4 Clinton fiscal years, we have the following table:

Fiscal Year​	End Date​	Claimed Surplus​	Public Debt​	Intra-gov Holdings​	Total National Debt​
FY1997	09/30/1997		$3.789667T	$1.623478T	$5.413146T
FY1998	09/30/1998	$69.2B	$3.733864T $55.8B	$1.792328T $168.9B	$5.526193T $113B
FY1999	09/30/1999	$122.7B	$3.636104T $97.8B	$2.020166T $227.8B	$5.656270T $130.1B
FY2000	09/29/2000	$230.0B	$3.405303T $230.8B	$2.268874T $248.7B	$5.674178T $17.9B
FY2001	09/28/2001		$3.339310T $66.0B	$2.468153T $199.3B	$5.807463T $133.3B

Notice that while the public debt went down in each of those four years, the intragovernmental holdings went up each year by a far greater amount--and, in turn, the total national debt (which is public debt + intragovernmental holdings) went up. Therein lies the discrepancy.

When it is claimed that Clinton paid down the national debt, that is patently false--as can be seen, the national debt went up every single year. What Clinton did do was pay down the public debt--notice that the claimed surplus is relatively close to the decrease in the public debt for those years. But he paid down the public debt by borrowing far more money in the form of intragovernmental holdings (mostly Social Security).

 

[Flash]

Who are you scared of and how much are they spending compared to us. Please give numbers so I get a good laugh.

Mandatory Spending

Mandatory spending is estimated at $2.966 trillion in FY 2021. This category includes entitlement programs such as Social Security, Medicare, and unemployment compensation. It also includes welfare programs such as Medicaid. Social Security will be the biggest expense, budgeted at $1.151 trillion. It's followed by Medicare at $722 billion and Medicaid at $448 billion. Social Security costs are currently 100% covered by payroll taxes and interest on investments. Until 2010, there was more coming into the Social Security Trust Fund than being paid out. Thanks to its investments, the Trust Fund is still running a surplus.

The Trust Fund’s Board estimates that Social Security's surplus will be depleted by 2034.3 Social Security revenue, from payroll taxes and interest earned, will cover only 79% of the benefits promised to retirees.

Medicare is already underfunded because taxes withheld for the program don't pay for all benefits. Congress must use tax dollars to pay for a portion of it. Medicaid is 100% funded by the general fund, also known as "America's Checkbook." This account is used to finance daily activities and long-term operations of the government.4



Discretionary Spending

The discretionary budget for 2021 is $1.485 trillion. More than half goes toward military spending, including Homeland Security, the Department of Veterans Affairs, and other defense-related departments. The rest must pay for all other domestic programs. The largest of these programs are Health and Human Services, Education, and Housing and Urban Development.

There also is the Overseas Contingency Operations fund that pays for wars or continuing military actions. A growing portion of the discretionary budget is set aside for disaster relief such as hurricane and wildfire relief.

U.S. Federal Budget Breakdown

The FY 2022 federal budget proposal was over $6 trillion, with an estimated revenue of about $4.2 trillion, creating a deficit worth about $1.9 trillion.

www.thebalance.com

You ignored my question. Who are you scared of and how much do they spend compared to us?

I'm scared of the Chinese. You should be too.

And they spend how much on the military? We spend how much?

Obama needed defense money to bomb Libya, fight the war in Iraq for three years and escalated the war in Afghanistan, didn't he?

Clinton needed it to kill Christians in order to protect Muslims, didn't he?

Clinton balanced the budget.

No, Clinton did NOT balance the budget! Don't be such an idiot, Brain!

Yes he did. Heck there was a surplus for Bush till he ruined everything. Is denying reality all trumpers have?

Brain? Before you make a total fool of yourself...do a little research on this subject! It's a myth that Clinton ever had a balanced budget let alone a surplus.

Well deficits sure shrunk with Clinton and sure grew with Trump. You idiots love to deny facts.

LOL...so you've gone from claiming that Clinton had a surplus...to claiming that he had a balanced budget...to now claiming that he had smaller deficits? But you call me an idiot that denies facts? With all due respect, YOU are the person making up facts!

Wages actually outpaced inflation for a while under the Clinton administration and he did run massive budget surpluses, unlike the right wing.

Clinton never had a surplus. That's a liberal myth that people who are ignorant buy into.

Yes, Clinton did have a surplus. Only the right wing prefers their right wing fantasy and insist they are Right simply because they are on the right wing not because they have any, sublime Truth (value) for true witness bearing purposes. Why do you bother bragging about allegedly taking economics in tertiary education?

Below are the budgetary results for President Clinton's two terms in office:

• He had budget surpluses for fiscal years 1998-2001, the only such years from 1970-2018. Clinton's final four budgets were balanced budgets with surpluses, beginning with the 1997 budget.
• The ratio of debt held by the public to GDP, a primary measure of U.S. federal debt, fell from 47.8% in 1993 to 33.6% by 2000. Debt held by the public was actually paid down by $453 billion over the 1998-2001 periods, the only time this happened between 1970 and 2018.--https://en.wikipedia.org/wiki/Economic_policy_of_the_Bill_Clinton_administration#Economic_results_summary

Do you know what intragovernmental holdings are, Daniel? I know this is complicated for someone that knows zero about economics like yourself but what you call a budget "surplus" was simply an accounting sleight of hand. Bill Clinton NEVER had a surplus.

Only macroeconomists may allege that not accountants nor accounting.

Don't have a clue what intragovernmental holdings are...do you, Daniel? Why doesn't that shock me!

It has been awhile since I argued this point with right wingers. I am pretty sure they had nothing but Hoax then, why should I believe you now?

The Budget and Deficit Under Clinton - FactCheck.org

Q: During the Clinton administration was the federal budget balanced? Was the federal deficit erased? A: Yes to both questions, whether you count Social Security or not. FULL ANSWER This chart, based on historical figures from the nonpartisan Congressional Budget Office, shows the total deficit...

www.factcheck.org

Understanding what happened requires understanding two concepts of what makes up the national debt. The national debt is made up of public debt and intragovernmental holdings. The public debt is debt held by the public, normally including things such as treasury bills, savings bonds, and other instruments the public can purchase from the government. Intragovernmental holdings, on the other hand, is when the government borrows money from itself--mostly borrowing money from social security.

Looking at the makeup of the national debt and the claimed surpluses for the last 4 Clinton fiscal years, we have the following table:

Fiscal Year​	End Date​	Claimed Surplus​	Public Debt​	Intra-gov Holdings​	Total National Debt​
FY1997	09/30/1997		$3.789667T	$1.623478T	$5.413146T
FY1998	09/30/1998	$69.2B	$3.733864T $55.8B	$1.792328T $168.9B	$5.526193T $113B
FY1999	09/30/1999	$122.7B	$3.636104T $97.8B	$2.020166T $227.8B	$5.656270T $130.1B
FY2000	09/29/2000	$230.0B	$3.405303T $230.8B	$2.268874T $248.7B	$5.674178T $17.9B
FY2001	09/28/2001		$3.339310T $66.0B	$2.468153T $199.3B	$5.807463T $133.3B

Notice that while the public debt went down in each of those four years, the intragovernmental holdings went up each year by a far greater amount--and, in turn, the total national debt (which is public debt + intragovernmental holdings) went up. Therein lies the discrepancy.

When it is claimed that Clinton paid down the national debt, that is patently false--as can be seen, the national debt went up every single year. What Clinton did do was pay down the public debt--notice that the claimed surplus is relatively close to the decrease in the public debt for those years. But he paid down the public debt by borrowing far more money in the form of intragovernmental holdings (mostly Social Security).

It is even more than that going back to when Slick Willy took office in 1993.

Earlier I posted the total national debt from the day Slick Willy Willy took office until the day he left office but these stupid uneducated Moon Bats ignored it because they didn't want to hear it. They believe every Democrat lie.

 

[danielpalos]

Understanding what happened requires understanding two concepts of what makes up the national debt.

The budget is distinct from the national debt. Why not spend an hour or two learning about accounting and micro-economics?

 

[Oldestyle]

Understanding what happened requires understanding two concepts of what makes up the national debt.

The budget is distinct from the national debt. Why not spend an hour or two learning about accounting and micro-economics?

Daniel...PLEASE!!! It's quite obvious that you've never taken an accounting or economics class in your life! Don't lecture those that HAVE! You just come across as even more of an idiot!

 

[danielpalos]

Understanding what happened requires understanding two concepts of what makes up the national debt.

The budget is distinct from the national debt. Why not spend an hour or two learning about accounting and micro-economics?

Daniel...PLEASE!!! It's quite obvious that you've never taken an accounting or economics class in your life! Don't lecture those that HAVE! You just come across as even more of an idiot!

lol. Then don't try to lecture me. All you seem to have is Hoax not any valid arguments. Even factchecker.org proved you Wrong not Right even though you are on the right wing.

 

[danielpalos]

Understanding what happened requires understanding two concepts of what makes up the national debt.

The budget is distinct from the national debt. Why not spend an hour or two learning about accounting and micro-economics?

Daniel...PLEASE!!! It's quite obvious that you've never taken an accounting or economics class in your life! Don't lecture those that HAVE! You just come across as even more of an idiot!

Go ahead right wing Hoaxster. Show us how the budget (deficit or surplus) is really the national debt and not distinct.

Debt vs. Deficits: What's the Difference?

The two concepts are similar, but are often confused.

www.pgpf.org

 

[Oldestyle]

Understanding what happened requires understanding two concepts of what makes up the national debt.

The budget is distinct from the national debt. Why not spend an hour or two learning about accounting and micro-economics?

Daniel...PLEASE!!! It's quite obvious that you've never taken an accounting or economics class in your life! Don't lecture those that HAVE! You just come across as even more of an idiot!

lol. Then don't try to lecture me. All you seem to have is Hoax not any valid arguments. Even factchecker.org proved you Wrong not Right even though you are on the right wing.

Daniel? I hate to break this to you but your "fact checker org" is rather notorious for it's liberal bias! You'd know that if you really knew anything about accounting, economics or Bill Clinton!

 

[danielpalos]

Understanding what happened requires understanding two concepts of what makes up the national debt.

The budget is distinct from the national debt. Why not spend an hour or two learning about accounting and micro-economics?

Daniel...PLEASE!!! It's quite obvious that you've never taken an accounting or economics class in your life! Don't lecture those that HAVE! You just come across as even more of an idiot!

lol. Then don't try to lecture me. All you seem to have is Hoax not any valid arguments. Even factchecker.org proved you Wrong not Right even though you are on the right wing.

Daniel? I hate to break this to you but your "fact checker org" is rather notorious for it's liberal bias! You'd know that if you really knew anything about accounting, economics or Bill Clinton!

Oldstyle, I hate to break it to you, but right wingers are worse and have nothing but the fallacy of Hoax not any valid economic arguments, like they should have if they were actually serious and wanted us to confide in their sincerity.

 

[Oldestyle]

Understanding what happened requires understanding two concepts of what makes up the national debt.

The budget is distinct from the national debt. Why not spend an hour or two learning about accounting and micro-economics?

Daniel...PLEASE!!! It's quite obvious that you've never taken an accounting or economics class in your life! Don't lecture those that HAVE! You just come across as even more of an idiot!

lol. Then don't try to lecture me. All you seem to have is Hoax not any valid arguments. Even factchecker.org proved you Wrong not Right even though you are on the right wing.

Daniel? I hate to break this to you but your "fact checker org" is rather notorious for it's liberal bias! You'd know that if you really knew anything about accounting, economics or Bill Clinton!

Oldstyle, I hate to break it to you, but right wingers are worse and have nothing but the fallacy of Hoax not any valid economic arguments, like they should have if they were actually serious and wanted us to confide in their sincerity.

The fallacy of hoax? Seriously? Do you grasp how stupid you sound when you post here?