The Utter defeat of the Radical wing of the GOP.

[Koios]

Works just fine as long as our currency is accepted as the defacto gold standard.

Wonder when the Saudis and the like stop trading their oil for the paper we print up?

Okay; I'm beginning to understand. (the maxim that "a little knowledge is a dangerous thing".)

Not money we print. Petrodollars, so called, are a virtually currency. They don't actually exist, but merely time-stamp the transaction based on the current US Dollar exchange rate (how many Saudi Riyals come in that day for the barrel of crude that ships out.)

And indeed, the Euro them wacky more-socialized EU countries cooked up has been more stable as of late, and OPEC and others have urged that they switch to that, but as of now, it remains ...

PETRODOLLAR (not currency) = $1 US. No shit.

It is just a unit of trade, like the pips we currency traders use.

Distinction without a difference.

Good to know, Teach. But now then, how might I print a unit of trade that we call "Petrodollars?"

 

[Koios]

O's budget has increased since he took office. He hasnt passed a budget in four years. He will go down as the biggest spender in US history....easily surpassing the previous 43 presidents......combined but that wont even chap the left although they complained incessantly about it during Bush 43 terms.

Yes. We covered that under percentage increase, which is driven by population and inflation, to the tune of about 3% a year, if spending programs go unchanged.

Meanwhile, the Executive requests appopriations and then signs into law what the Legislative passes, or doesn't pass, when the House votes for some trud they know will never pass the Senate.

Read up on how government (ours) works. You might find it interesting.

Already had civics. Perhaps you need a refresher.....along with congress, prez, and senate.

No doubt; most do. The distinction is, some of us remember what we were taught, and even go on to use what we've learned to better grasp what is real and merely theory, or the idealic aspect we were taught in Civics.

Noodle on that; it'll come to you.

 

[Toro]

Our National debt went up each and every year under Clinton.

Gingrich bitchslapped him and came close, but we never actually had a surplus.

Facts can be a real mofo to Lefty meme.


LOL


Fiscal
Year Year
Ending National Debt Deficit
FY1993 09/30/1993 $4.411488 trillion
FY1994 09/30/1994 $4.692749 trillion $281.26 billion
FY1995 09/29/1995 $4.973982 trillion $281.23 billion
FY1996 09/30/1996 $5.224810 trillion $250.83 billion
FY1997 09/30/1997 $5.413146 trillion $188.34 billion
FY1998 09/30/1998 $5.526193 trillion $113.05 billion
FY1999 09/30/1999 $5.656270 trillion $130.08 billion
FY2000 09/29/2000 $5.674178 trillion $17.91 billion
FY2001 09/28/2001 $5.807463 trillion $133.29 billion

Maybe try first to employ a concept used in business: cashflow. That's how it works in the federal government (ours) now, since while Reagan was president, with some urging from David Stockman, we no longer fund SS from the trust fund, entirely. It's part of the general fund, in essence, even with some funds still suspended in the "trust" fund, which was where SS checks were drawn funds from, previous to Reagan. But now that obligation is a general fund priority, in essence, since your future SS checks are backed not by the trust fund, but the full faith and credit of the United States of America.

So in that light, and as result of changes under the Reagan Admin, when receipts exceed outlays, as they did from 1998 to 2001, we call that a surplus, due to positive cashflow.

That help?

A surplus is when there is more cash coming into the coffers than going out. We had surpluses under Clinton because there was more tax revenue than government spending. That is unquestionable. People who don't understand basic finance argue otherwise.

However, there wouldn't have been a surplus without the SS and medicare and medicaid trusts. The "operating" budget, i.e. excluding the trusts, was never balanced.

But you are still right. A surplus is when there is more cash coming in than going out. Period.

The reason why the national debt still rises is because of the increase in liabilities in the trusts, i.e. the operating budget was not balanced.

 

[Staidhup]

Works just fine as long as our currency is accepted as the defacto gold standard.

Wonder when the Saudis and the like stop trading their oil for the paper we print up?

Okay; I'm beginning to understand. (the maxim that "a little knowledge is a dangerous thing".)

Not money we print. Petrodollars, so called, are a virtually currency. They don't actually exist, but merely time-stamp the transaction based on the current US Dollar exchange rate (how many Saudi Riyals come in that day for the barrel of crude that ships out.)

And indeed, the Euro them wacky more-socialized EU countries cooked up has been more stable as of late, and OPEC and others have urged that they switch to that, but as of now, it remains ...

PETRODOLLAR (not currency) = $1 US. No shit.

It is just a unit of trade, like the pips we currency traders use.

Distinction without a difference.

Presently the Dollar is the identified and acceptable worlds trading currency, however, emphasis should be given to the adverb presently. One must expect that this to be short lived considering the path we have chosen to pursue.

 

[LordBrownTrout]

Yes. We covered that under percentage increase, which is driven by population and inflation, to the tune of about 3% a year, if spending programs go unchanged.

Meanwhile, the Executive requests appopriations and then signs into law what the Legislative passes, or doesn't pass, when the House votes for some trud they know will never pass the Senate.

Read up on how government (ours) works. You might find it interesting.

Already had civics. Perhaps you need a refresher.....along with congress, prez, and senate.

No doubt; most do. The distinction is, some of us remember what we were taught, and even go on to use what we've learned to better grasp what is real and merely theory, or the idealic aspect we were taught in Civics.

Noodle on that; it'll come to you.

Cant do. Too busy watching you drawing from theoretical axioms in academia world that have no practical applications. Ill give you kudos for at least acknowledging a distinction of our inept congress, prez, and senate. You need some more time to work on the rest.

 

[Koios]

Our National debt went up each and every year under Clinton.

Gingrich bitchslapped him and came close, but we never actually had a surplus.

Facts can be a real mofo to Lefty meme.


LOL


Fiscal
Year Year
Ending National Debt Deficit
FY1993 09/30/1993 $4.411488 trillion
FY1994 09/30/1994 $4.692749 trillion $281.26 billion
FY1995 09/29/1995 $4.973982 trillion $281.23 billion
FY1996 09/30/1996 $5.224810 trillion $250.83 billion
FY1997 09/30/1997 $5.413146 trillion $188.34 billion
FY1998 09/30/1998 $5.526193 trillion $113.05 billion
FY1999 09/30/1999 $5.656270 trillion $130.08 billion
FY2000 09/29/2000 $5.674178 trillion $17.91 billion
FY2001 09/28/2001 $5.807463 trillion $133.29 billion

Maybe try first to employ a concept used in business: cashflow. That's how it works in the federal government (ours) now, since while Reagan was president, with some urging from David Stockman, we no longer fund SS from the trust fund, entirely. It's part of the general fund, in essence, even with some funds still suspended in the "trust" fund, which was where SS checks were drawn funds from, previous to Reagan. But now that obligation is a general fund priority, in essence, since your future SS checks are backed not by the trust fund, but the full faith and credit of the United States of America.

So in that light, and as result of changes under the Reagan Admin, when receipts exceed outlays, as they did from 1998 to 2001, we call that a surplus, due to positive cashflow.

That help?

A surplus is when there is more cash coming into the coffers than going out. We had surpluses under Clinton because there was more tax revenue than government spending. That is unquestionable. People who don't understand basic finance argue otherwise.

However, there wouldn't have been a surplus without the SS and medicare and medicaid trusts. The "operating" budget, i.e. excluding the trusts, was never balanced.

But you are still right. A surplus is when there is more cash coming in than going out. Period.

The reason why the national debt still rises is because of the increase in liabilities in the trusts.

Thanks. And yes; I agree. Albeit, since we made SS, effectively, a general fund priority, back in the 1980s, having a liability to a suspense fund we no longer use, is moot (read: fodder for Righty Bloggers, etc.)

Now all we need to do is fund SS payouts, kind of in the same way as we'd fund banks on the brink of failure. Seems to me that if a quick Trillion is doable when some Wall Street firms are in the midst of certain foibles, we'll have no difficulty in getting SS checks mailed on time, regardless of the current budget picture. Yeah?

 

[Koios]

Already had civics. Perhaps you need a refresher.....along with congress, prez, and senate.

No doubt; most do. The distinction is, some of us remember what we were taught, and even go on to use what we've learned to better grasp what is real and merely theory, or the idealic aspect we were taught in Civics.

Noodle on that; it'll come to you.

Cant do. Too busy watching you drawing from theoretical axioms in academia world that have no practical applications. Ill give you kudos for at least acknowledging a distinction of our inept congress, prez, and senate. You need some more time to work on the rest.

Seeing anything esle? Pink elephants perhaps?

Or have you some specifics in which "theoretical axioms" is in reference to?

 

[CrusaderFrank]

Udder defeat of Liberals

 

[Staidhup]

Our National debt went up each and every year under Clinton.

Gingrich bitchslapped him and came close, but we never actually had a surplus.

Facts can be a real mofo to Lefty meme.


LOL


Fiscal
Year Year
Ending National Debt Deficit
FY1993 09/30/1993 $4.411488 trillion
FY1994 09/30/1994 $4.692749 trillion $281.26 billion
FY1995 09/29/1995 $4.973982 trillion $281.23 billion
FY1996 09/30/1996 $5.224810 trillion $250.83 billion
FY1997 09/30/1997 $5.413146 trillion $188.34 billion
FY1998 09/30/1998 $5.526193 trillion $113.05 billion
FY1999 09/30/1999 $5.656270 trillion $130.08 billion
FY2000 09/29/2000 $5.674178 trillion $17.91 billion
FY2001 09/28/2001 $5.807463 trillion $133.29 billion

Maybe try first to employ a concept used in business: cashflow. That's how it works in the federal government (ours) now, since while Reagan was president, with some urging from David Stockman, we no longer fund SS from the trust fund, entirely. It's part of the general fund, in essence, even with some funds still suspended in the "trust" fund, which was where SS checks were drawn funds from, previous to Reagan. But now that obligation is a general fund priority, in essence, since your future SS checks are backed not by the trust fund, but the full faith and credit of the United States of America.

So in that light, and as result of changes under the Reagan Admin, when receipts exceed outlays, as they did from 1998 to 2001, we call that a surplus, due to positive cashflow.

That help?

A surplus is when there is more cash coming into the coffers than going out. We had surpluses under Clinton because there was more tax revenue than government spending. That is unquestionable. People who don't understand basic finance argue otherwise.

However, there wouldn't have been a surplus without the SS and medicare and medicaid trusts. The "operating" budget, i.e. excluding the trusts, was never balanced.

But you are still right. A surplus is when there is more cash coming in than going out. Period.

The reason why the national debt still rises is because of the increase in liabilities in the trusts, i.e. the operating budget was not balanced.

Correct, it is nothing short than accounting legerdemain in that the surplus was not identified, adjusted, and earmarked toward funding restricted accounts, thus it was false. The key component was the ever expansion of unfunded liabilities and non sustainable growth of GDP, jobs, and tax revenue to offset pending liabilities. Everything looks great during bubble economies, however, unfortunately bubbles pop.

 

[Koios]

Okay; I'm beginning to understand. (the maxim that "a little knowledge is a dangerous thing".)

Not money we print. Petrodollars, so called, are a virtually currency. They don't actually exist, but merely time-stamp the transaction based on the current US Dollar exchange rate (how many Saudi Riyals come in that day for the barrel of crude that ships out.)

And indeed, the Euro them wacky more-socialized EU countries cooked up has been more stable as of late, and OPEC and others have urged that they switch to that, but as of now, it remains ...

PETRODOLLAR (not currency) = $1 US. No shit.

It is just a unit of trade, like the pips we currency traders use.

Distinction without a difference.

Presently the Dollar is the identified and acceptable worlds trading currency, however, emphasis should be given to the adverb presently. One must expect that this to be short lived considering the path we have chosen to pursue.

Seems to me that if Dollars were still accepted when Bush 43 brought us near the brink, they'll still be trusted now that Obama is slowly brining us back from the brink.

Point being, as much as Righties seem to lust for ruin, it was Bush that took us very near it and Obama who is moving us away from it, even if too slowly.

 

[CrusaderFrank]

It is just a unit of trade, like the pips we currency traders use.

Distinction without a difference.

Presently the Dollar is the identified and acceptable worlds trading currency, however, emphasis should be given to the adverb presently. One must expect that this to be short lived considering the path we have chosen to pursue.

Seems to me that if Dollars were still accepted when Bush 43 brought us near the brink, they'll still be trusted now that Obama is slowly brining us back from the brink.

Point being, as much as Righties seem to lust for ruin, it was Bush that took us very near it and Obama who is moving us away from it, even if too slowly.

What fucking alternate Universe do you have to live in to believe that annual trillion deficits and no budgets are "slowly bringing us back from the brink"

Pravda was way understated in calling Obama supporters fucking illiterates

 

[elvis]

yep there is no responsibility.....

instead of a sound pension fund.... or a responsible SS fund that is protected.....

all the the Dimwits need is a 'printing press'.....the click of a button......

Protected by what?

You have a 401K?

I do.

As a result of Bush policies it lost 50K in the last month of 2008. If I were retiring..I'd have been fucked.

And there's very little happening in terms of regulation to protect against this sort of spike.

In fact..quite the opposite. Brokers make vast amounts of money in a market that flucuates like that. The option market depends on it.

Bush policies didn't hurt your 401k......the whole real estate crash did.....due to Dimwit policies....

and if you think your pensions (401k's etc) are now safe because a Dimwit is in office..... ......it's being devalued by the minute...

and that big spender you elected is now sitting in the Hawaiian sun working on the next stash to raid....and pensions are a nice big fat source...

Dimwit policies? Yes Rubin and Lawrence Summers were dimwits. Br their policies had the overwhelming approval of republicans.

 

[PredFan]

Not in that context, you drooling, cross-eyed, moron with an IQ south of turnip!!!

Ergo, the disambiguation: BOEHNER'S CONGRESS!!!!!

It is exactly in that context. you are trying to blame this mess on the spending of "Congress" and to a degree, you are correct. but being a partisan moron, you try to blame the GOP and ignore the Democrats in the House and the Senate, and the power and influence of obama and the dealings done by Biden.

You just aren't bright enough to be talking about this.

No. Try to stay with me. But first, some help from the gang.

Can someone please empty the drool cup of this distended-belly, bloated-faced, cross-eyed, adject retard??? It's getting slippery in here.

Now then, back to our regularly-scheduled program: you see, the Gopniks need to get on-board. Boehner controls the Congress (People's house; the rabble, the FF moderated with a higher chamber, akin to the House of Lords. This is mainly the commoners, akin to the UK's House of Commons.). Meanwhile, up there in our equivalent of the House of Lords, they gots a deal we call "the filibuster." So damnit; more Gopniks need to get on-board. And oh fuck; Obama wins one. The Righties' panties are so far up their crack they're choking on them. Pure fucking comedy.

Are you seeing?

I was right, you aren't bright enough.

Dismissed.

 

[Koios]

Presently the Dollar is the identified and acceptable worlds trading currency, however, emphasis should be given to the adverb presently. One must expect that this to be short lived considering the path we have chosen to pursue.

Seems to me that if Dollars were still accepted when Bush 43 brought us near the brink, they'll still be trusted now that Obama is slowly brining us back from the brink.

Point being, as much as Righties seem to lust for ruin, it was Bush that took us very near it and Obama who is moving us away from it, even if too slowly.

What fucking alternate Universe do you have to live in to believe that annual trillion deficits and no budgets are "slowly bringing us back from the brink"

Pravda was way understated in calling Obama supporters fucking illiterates

The alternate universe in which growth, even slight, is no longer recession, and in which, only complete fucking retards use the commie card.

We call this universe: reality, the Cosmos, shit that is, etc.

 

[bripat9643]

Happened with the passing of the "Fiscal Cliff" bill.

They looked silly. Completely so.

And in the end, President Obama and the Congressional Democrats got what they wanted.

Which ultimately is good for the country. As I post this, the DOW is soaring. Up 237 points.

You're like some fool Roman who is cheering the Visigoths on as they sack Rome.

 

[Koios]

Happened with the passing of the "Fiscal Cliff" bill.

They looked silly. Completely so.

And in the end, President Obama and the Congressional Democrats got what they wanted.

Which ultimately is good for the country. As I post this, the DOW is soaring. Up 237 points.

You're like some fool Roman who is cheering the Visigoths on as they sack Rome.

Mind drawing comparisons? Or is just thinking something all you need to make it "real?"

 

[Staidhup]

Must be a full moon, or we have dumbed ourselves down so low that an upward tick is now the new definition of recovery. Stagnation is the result of hitting bottom and hoping that we don't fall further and my guess is we will test the new bottom soon enough.

 

[Koios]

Must be a full moon, or we have dumbed ourselves down so low that an upward tick is now the new definition of recovery. Stagnation is the result of hitting bottom and hoping that we don't fall further and my guess is we will test the new bottom soon enough.

Upward ticks, are indeed the polar opposite of both mere downward ticks, not to mention the worst fucking recession since 1929.

And no; it mustn't be a full moon, since it's not Jan 27, yet.

 

[LordBrownTrout]

Must be a full moon, or we have dumbed ourselves down so low that an upward tick is now the new definition of recovery. Stagnation is the result of hitting bottom and hoping that we don't fall further and my guess is we will test the new bottom soon enough.

Sub-mediocrity is embraced by these people. Any semblance of reality has been supplanted by a zombie like trance which the minions blindly follow.

 

[Oddball]

Must be a full moon, or we have dumbed ourselves down so low that an upward tick is now the new definition of recovery. Stagnation is the result of hitting bottom and hoping that we don't fall further and my guess is we will test the new bottom soon enough.

Dead cat bounce.