Aces High Bulletin Board
General Forums => The O' Club => Topic started by: crockett on September 21, 2007, 04:44:31 PM
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Thanks George, you have done wonders for our budget and economy. This is what happens when a "D" student grows up and become president.
http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance
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Originally posted by crockett
Thanks George, you have done wonders for our budget and economy. This is what happens when a "D" student grows up and become president.
http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance
thought it was going to be a metallica thread.
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Meh, wikipedia....
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Originally posted by crockett
Thanks George, you have done wonders for our budget and economy. This is what happens when a "D" student grows up and become president.
http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance
Originally posted by nirvana
Meh, wikipedia....
The wiki link above is just a copy from CIA FACT BOOK
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html
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Then....meh, CIA.
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booosh = teh hitler :O
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is that the same CIA that promised plentiful WMDS in Iraq?
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or is that the CIA running heroin from South East Asia
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I'm supposed to care about this? The United States of America has been a "Debtor Nation" ever since it's creation.
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Ironically, the economy has been fantastic in this administration. :aok My 401k went up almost a quarter of a million dollars since May of 2000.:aok
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I was under the impression Clinton had the US in a $3 trillion surplus....and then the evil Bush hid it in an off shore bank account or something.
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Originally posted by nirvana
I was under the impression Clinton had the US in a $3 trillion surplus....and then the evil Bush hid it in an off shore bank account or something.
No that's actually a misconception. We did still "owe" money, but the budget was balanced and we had surplus money to pay off the debt. Had we continued down the path Clinton put us on we would have actually paid it off.
However Bush came along did away with everything Clinton did and has put us in more debit than all the former presidents combined. So we went from being in a position to actually pay off our debits to owing more money than we ever have. All in a term and a half of Bush and co.
Of couse this is from Republican's that claim they support less taxes and smaller govt, this is what we get.
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The United States has a trade deficit of $900 billion a year, $201 billion with China alone, the largest deficit in U.S. history with one country, and it's only getting worst. One of the major reasons that the trade defict with China is getting worst is China continually under values it's currency. President Bush has denied American businesses and workers the import relief they are entitled to under the law, and he has taken positions at the WTO that will only worsen our trade relationship with China. Bush had an opportunity during the recent summit with China’s President Hu Jintao to pressure him to lower the trade deficit, but Bush let the Chinese leader slip out of any firm commitments. Luckly Sens. Charles Schumer (D-N.Y.) and Lindsey Graham (R-S.C.) are sponsoring legislation that would impose across-the-board penalty tariffs of 27.5 percent on Chinese goods unless the Chinese stop the practice of undervaluing their currency.
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Originally posted by crockett
Of couse this is from Republican's that claim they support less taxes and smaller govt, this is what we get.
Pres Bush (the current one) is NOT a conservative Republican. In fact, as the head of the Republican party he has pretty much tossed out about half of the good old conservative principles that brought Republicans into power over the last 20 years.
When he leaves, I think (hope) they'll return to real "honest" conservative policies because the current Republican platform under President GW Bush makes the Republicans look like slightly meaner Democrats.
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For a bit of Peggy Noonan's opinion on the subject...
http://www.opinionjournal.com/columnists/pnoonan/
She basically says the same thing, from a slightly different angle and without resorting to emotionally nonsensical hyperbole about "he was a D student nayah nayah nayah!"
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People who automatically discredit wikipedia are handsomehunkes.
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I can't believe we’re having this debate again. this is so 2002 on this BB.
You have to normalize every year to the GDP. That's your common denominator. In that case the greatest debt we faced was about 120% of GDP during WWII. We are now about 40% GDP.
Go read Walter E Williams or Thomas Sowell. Then come back to the BB, and we can have an informed debate.
since you so love Wikipi.
can we put this to bed now.
http://en.wikipedia.org/wiki/United_States_public_debt
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Originally posted by eagl
Pres Bush (the current one) is NOT a conservative Republican. In fact, as the head of the Republican party he has pretty much tossed out about half of the good old conservative principles that brought Republicans into power over the last 20 years.
When he leaves, I think (hope) they'll return to real "honest" conservative policies because the current Republican platform under President GW Bush makes the Republicans look like slightly meaner Democrats.
I hope so.. I've never actually "hated" the Republican party until Bush and this current crop of swindlers came along.
If they would go back to what the party was about and drop all the "Religious" crap then maybe I'd support them.
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Originally posted by crockett
No that's actually a misconception. We did still "owe" money, but the budget was balanced and we had surplus money to pay off the debt. Had we continued down the path Clinton put us on we would have actually paid it off.
I think Newt was more responsible for that than Clinton. He just road on the coattails of the congress and senate after '94 and took the credit for it.
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Originally posted by Tango
I think Newt was more responsible for that than Clinton. He just road on the coattails of the congress and senate after '94 and took the credit for it.
My memory is a bit rusty, but if i remember right the "balanced" budget was more or less a book keeping trick, where he just included monies from the Social Security General fund and that made the budget look balanced. I think that i am over simplifying though.
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Originally posted by AquaShrimp
People who automatically discredit wikipedia are handsomehunkes.
Cried the moron.
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Originally posted by AquaShrimp
People who automatically discredit wikipedia are handsomehunkes.
When just anyone can edit it, I take the information on wikipedia with more than just a grain of salt.
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Originally posted by nirvana
When just anyone can edit it, I take the information on wikipedia with more than just a grain of salt.
That's all changed. These days you must have an account and a college degree that's related to a subject/topic so you can edit the wikipedia entry about "USA".
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Originally posted by nirvana
I was under the impression Clinton had the US in a $3 trillion surplus....and then the evil Bush hid it in an off shore bank account or something.
You are mixing apples and oranges here, folks. The chart is a trade deficit, not a government budget deficit.
Another way to look at this is -- wow, the US really supports the economies of a lot of other countries.
An important item missing is the trade deficit as it relates to total GDP. With a GDP of more than $12 trillion, and $862 billion trade imbalance is not unsustainable.
I wonder how much of that trade imbalance is due to oil imports?
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It was an old thread someone posted about why the Bush Admin. sucked. The deficit was the main point i remembered. I'll let the big boys talk now.:o
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Originally posted by 1K3
That's all changed. These days you must have an account and a college degree that's related to a subject/topic so you can edit the wikipedia entry about "USA".
So, who checks for the degree? Is there some sort of review board you must pass through before you can be dishone....I mean, edit entries?
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Originally posted by Ripsnort
Ironically, the economy has been fantastic in this administration. :aok My 401k went up almost a quarter of a million dollars since May of 2000.:aok
i believe that you are one of the few...of course, you might thank all of us from time to time for footing the bill.
;)