Favorite parts of the State of the Union

[kappa]

Life will not end as we know it nor will our economy tank due to these deficits....I don't like them, however, they have been a part of our nations economy for tens of years.

Life will not end, correct.. America being the richest nation on the planet will end...

Rude, deficits were not with us during the Clinton administration.. Certainly not to the extent they have existed under this president's term..

Not understanding something does not equal it not being a threat.

Consider this....could the Dems be pissed, not because of a deficit, but rather that Bush got his way with tax cuts and removed the monies they intended on spending all along?

Rude, I cannot speak for the democrates.. But I will remind you that our entire government is republican controlled.. It has been for sometime now... Our congress is a republican majority.. Both houses if you may..

Time will prove me right...not that I'm a smart person, I just wallow in the business world with smart people....the only folks concerned about the deficit are those not currently in power...they are glad to speak to this issue during an election year.

Time will prove that on our current track you will have to work twice as hard to make the same amount of money that will be worth one quarter the amount..

Clinton controlled his budget therefor he was concerned about, well about you Rude..  Hence, the reason you have heard little about it in many years.. Clinton was actually paying down national debt, not adding to it at a record pace..

[Toad]

Originally posted by kappa
Rude, deficits were not with us during the Clinton administration.. Certainly not to the extent they have existed under this president's term..

Clinton was actually paying down national debt, not adding to it at a record pace..

Bzzzzzzzzzzzzzzzt!

Historical Debt Outstanding

Historical Debt Outstanding - Annual
1950 - 2000
* Rounded to Millions
Includes legal tender notes, gold and silver certificates, etc.

Looking for more historical information?
Visit The Public Debt Historical Information archives.

09/30/2000 $5,674,178,209,886.86      
09/30/1999 5,656,270,901,615.43      
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      
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      
12/31/1985 1,945,941,616,459.88      
12/31/1984 1,662,966,000,000.00    *
12/31/1983 1,410,702,000,000.00    *
12/31/1982 1,197,073,000,000.00    *
12/31/1981 1,028,729,000,000.00    *
12/31/1980 930,210,000,000.00    *


So..... looks like Debt during the Clinton years to me and it wasn't decreasing.

Politicians of any stripe are all about spending money. Spending YOUR money. It's what they do.

[kappa]

I didnt say it was decreasing.. I said he was paying on it.. It still incures interest Toad...

But an excellent post to show how 'out of control' our national debt is.. Thanks..

[kappa]

add more than a trillion to that final number for what our current president has done in less than one term...  

I see the site now..

National debit is well over 7trillion to date..Debt Clock

[Toad]

LOL Kappa!

Didn't click the link did you? No, you didn't.

Here, look at the addy:

http://www.publicdebt.treas.gov/opd/opdhisto4.htm

It's the Treasury that put that up and it only goes to 2000.

Now, did I say anything about either the debt under Clinton or under Bush?

No, I did not.

You, OTOH, made an obviously incorrect statement about debt under Clinton and got called on it.

Just smile and admit the error. You can easily make the argument that debt has risen, but you might as well start off with actual facts rather than incorrect assumptions.

[AKIron]

Originally posted by kappa
add more than a trillion to that final number for what our current president has done in less than one term...  

I see the site now..

It went from less than a trillion to over five trillion during Clinton's 2 terms according to Toad's post. That's 2 trillion per term. If it has increased by only one trillion in 3 years of Bush's term then by my math it has increased less. Won't you agree Kappa?

[kappa]

I did click it after and have already corrected my post to you..

My statment about clinton was not incorrect.. Im sorry I didnt make it clear enough for you.. But clinton did infact pay on our national debt... Interest was accumulating on it at a more rapid pace however..

You can attempt to argue this very small point if you must and ignore what I have posted.. It, of course, is your choice..

[kappa]

Originally posted by AKIron
It went from less than a trillion to over five trillion during Clinton's 2 terms according to Toad's post. That's 2 trillion per term. If it has increased by only one trillion in 3 years of Bush's term then by my math it has increased less. Won't you agree Kappa?

No, one of us is seeing it wrong.. clinton was pres from 92-2000?

[Rude]

Originally posted by kappa
Our current deficit's cause can be partialy cited to our president's tax cuts.. Three years later they have failed to produce the jobs our president promised... Who will pay for these? These tax cuts for the wealthy are made up in the form of higher taxes posed to the average american by their states..

We can blame deficits on the congress and that would be partially correct.. But as I stated before, fiscal responsibility begins with the president and his budget...

Our president knowingly attempts to mislead the american public with smoke and mirrors at every turn.. May it be domestic or international issues, our president is lying..

Not unlike our president's 'No child left behind'... He campained on this program... He spoke of it in SotU speeches.. He developed the program(smoke) and then failed to fund his own program that possibly was one of his election keys... Instead, our president funded a war (mirrors)............

Did our president fail to fund anything military?? How much did our president spend on the treaty breaking national missle defense that had previously been proven debunked...??

This man and his policies are not friends of america... They represent friends of american corporate wealth..

Only your opinion and based on what? The truth? I seriously doubt that. What you do not understand, is that how change is brought about in Washington in no way compares with what or how we conduct business of any nature in the private sector.

Tax cuts for the rich? You are simply mistaken, unless you feel that families making 40-100k a year are rich.

Would you care to share your income with us?
I would bet it is at a level which does not afford you the benefits of the tax cuts....do you have children?....it is no wonder you are bitter Kap...of course, I could be mistaken about you:)

[kappa]

I have no children and I work because I choose to.. My finaces do not dictate that I work..  Tax refunds or tax breaks mean little to me.. 8)

[Rude]

Originally posted by kappa
I have no children and I work because I choose to.. My finaces do not dictate that I work..  Tax refunds or tax breaks mean little to me.. 8)

Fair enough....just wondered if you were one of the lower income folks pissed because folks with more money than you actually get to keep some of it.

[Rude]

Those on the left want the Government impowered and that cost money....they tend to hate anyone who has and prefer that those who do not be kept.

I on the other hand, I want my money in my pocket to do with as I choose....not the Federal Government and it's power hungry members.

When I see someone hurting, I help them....it should be the individuals choice, not a mandate by a socialist leaning Democrat Party.

Just my opinion of course:)

BTW...I do not blame the left for being pissed....all of those years in power and all of that money feeding wacko special interests, shoot....I'de be miffed also.

[kappa]

What you do not understand, is that how change is brought about in Washington in no way compares with what or how we conduct business of any nature in the private sector.

I would believe i've done my share of work in the private sector and understand a few basics at best. It's paid for more than a few things for me and mine..

What does my understanding have to do with our countrie's debt?

Tax cuts for the rich? You are simply mistaken, unless you feel that families making 40-100k a year are rich.

The amounts the average 40-100k (a few tiers in there) recieve in federal tax breaks will be more than paid for in state taxes due to underfunding of the states by the Fed.. Hidden cost if you may.. Rises in property taxs, fuel prices, imports, insurance, more sales tax (except montana) will all add up to equal more than being saved in Fed. taxes.. Its really not that hard to figure...

[Rude]

Originally posted by kappa
I would believe i've done my share of work in the private sector and understand a few basics at best. It's paid for more than a few things for me and mine..

What does my understanding have to do with our countrie's debt?


 

The amounts the average 40-100k (a few tiers in there) recieve in federal tax breaks will be more than paid for in state taxes due to underfunding of the states by the Fed.. Hidden cost if you may.. Rises in property taxs, fuel prices, imports, insurance, more sales tax (except montana) will all add up to equal more than being saved in Fed. taxes.. Its really not that hard to figure...

and of course, those state taxes would have remained constant had Bush just left the Tax code alone...c'mon.

The states suffer because of fiscal irresponsibility during the past economic boom....it really is that simple.

[kappa]

BTW...I do not blame the left for being pissed....all of those years in power and all of that money feeding wacko special interests, shoot....I'de be miffed also.

Rude, do you think the government grew more while Clinton was in office or while Bush is in office?? Who would you think spent more? These money feeding wackos your refering to kept a balanced budget..

Bush, not unlike other presidents, is breaking the law by not having a balanced budget.. It is law the governement's budget be balanced..

Bush has just created the largest government buracracy our great nation has ever known in the name of Homeland security.. Why?? Whats the FBI for??

The idea that repubs want a smaller government and demos want larger no longer holds true as a sterotype.. Get with the times..

Record Deficit of all time while a repub president and a repub house..... Cant blame those pesky demos completely now can you??