Yes, but that was a projected surplus that never happened, while the Clinton surplus was an actual surplus that did happen. You are correct that the CBO has problems with their projections because they rely on static models (they have to in order to avoid accusations of being biased), but the flip side is that they are pretty good at predicting the past.
US national debt
- Thread starter DS
- Start date
menotyou
bella amicizia
Now wait a minute, we're all friends here and what good are friends if we can't offer advice and opinion. And not that this crowd is lacking in either one!
OK menotyou, here's what you do, put on the thong, take a pic and post it here and after we've looked at it, we'll let you know just how gorgeous that behind of your's really is!
You do trust us don't you?
Besides, I've got a 50/50 chance of causing bbsam to have a "sticky keys problem" on his computer keyboard and that alone would be worth the laugh and not that we would not enjoy looking at your bodacious badonkadonk either!
Come to think of it, why not put a tax of 1 cent a view on free internet porn and I'd bet in a years time the entire public and private debt of the entire world would be paid off!
DS,
The junk food might seem a good idea but the problem is that gov't helped create the junk food industry to begin with. Farm subsidies, drugs, american job loss, violence and even mexican illegals are all inter-connected if you are willing to connect the dots.
The only way to save the whole system is to somehow re-inflate the bubble and all the extreme spending by Uncle Sam is towards those ends but it's not working and won't. The only way out is a process of debt repudiation and it's not the first time America has gone to the rodeo .
I do agree if people want to keep the status quo, spending cuts only won't do it. Most people, even the ones here calling for cuts won't tolerate extreme cuts across the board so some measure of tax increase or most likely a reduction in tax deductions and other loopholes (an increase if you will) will be necessary to keep the ship of state afloat. I say let it sink but then I'm an extreme minority of one even here so there you go!
When they told us in 2008' that the economy was on the verge of collapse, both repubicans and democrats in kneejerk reaction and little thought upped the debt limit, borrowed huge sums of money and did whatever was asked and didn't bat an eye. Completely bi-partisan, no one questioned it for the most part. Now we're told the worst will happen, 2012' nightmare a year early and there's no bi-partisanship, so little concern to act to save the ship of state from so-called doomsday.
Makes you wonder if there really is a doomsday scenario when you think of it all like that!
Bernays and Lippmann again?
I would love to do that. Oh, yeah. I can't upload pictures. There is a glitch in the file upload manager. Shucks. I was just getting ready to set up a poll, too!
wkmac
Well-Known Member
I would love to do that. Oh, yeah. I can't upload pictures. There is a glitch in the file upload manager. Shucks. I was just getting ready to set up a poll, too!
You post that pic and it looks as good as you say, I can tell you lacking in polls will not be a problem here!
UpstateNYUPSer(Ret)
Well-Known Member
You post that pic and it looks as good as you say, I can tell you lacking in polls will not be a problem here!
No picture? No problem. I will PM you my visual image.
moreluck
golden ticket member
Obama reneges and then acts all perturbed that Boehner backs out of talks.......they had an agreement and Obama switched and wanted more. Obama was never a boy scout, was he??
http://www.foxnews.com/politics/201...lks-with-white-house-turns-to-senate-leaders/
http://www.foxnews.com/politics/201...lks-with-white-house-turns-to-senate-leaders/
menotyou
bella amicizia
Martha's good thing of the day: polls/poles, hard poles!You post that pic and it looks as good as you say, I can tell you lacking in polls will not be a problem here!
menotyou
bella amicizia
Are we on the same planet? Why can't the loopholes be fixed? Why can't the rich pay as much as my parents do?
moreluck
golden ticket member
The rich pay ....what? Like 70% of all taxes. There are 50 % of people who pay NO taxes. Change tax laws and do away with all loopholes.....it still won't be enough.....which is why spending needs to be cut.
So much waste and fraud, it would take volumes to write it all down. Stop the outflow of $$$ and look at each thing being paid. Is it a necessary expense? Like a shrimp on a treadmill. Do we really have to give $$$ to foreign countries? Do we really owe checks to dead people? Prisoners? Illegals who shouldn't be here in the first place?
Harry Reid says it's his job to spend the nation's money..........he doesn't mention about scrutinizing that spending. Pres Obama is like a spoiled child whose mommy took away his video games.
moreluck
golden ticket member
If there is no deal yet, why is the president kidnapping my TV waves to appear tonight??? Is he going to try to scare us about defaulting? Maybe if we did, the leeches would leave the US alone.
I have a feeling the Messiah is going to describe the horrendous ordeal he's been through with these negotiations. Look for a lot of I's, me's, my's, etc. Of course, when there is a plan, he'll be right there bragging about his wondrous feat !!
I have a feeling the Messiah is going to describe the horrendous ordeal he's been through with these negotiations. Look for a lot of I's, me's, my's, etc. Of course, when there is a plan, he'll be right there bragging about his wondrous feat !!
moreluck
golden ticket member
Under his "balanced approach" he thinks the rich need to pay more. He wants fair? What about those 50% of Americans who pay no taxes? C'mon, fair is fair. Why do you pick just one group to "treat" everybody?? Wouldn't there be some pride if everyone paid their fair share? That would be a balanced approach. Even as children, we put pennies in the collection basket in church.
If he taxed the rich 100% (which is all they have) it still wouldn't be enough. He attacks corporate jets, I don't see him taking the bus.
Find the waste, find the fraud and you'll find your money, Mr. President!! Take a gander at those 88 million checks that are going to go out......are they all necessary spending?
If he taxed the rich 100% (which is all they have) it still wouldn't be enough. He attacks corporate jets, I don't see him taking the bus.
Find the waste, find the fraud and you'll find your money, Mr. President!! Take a gander at those 88 million checks that are going to go out......are they all necessary spending?
Last edited:
Babagounj
Strength through joy
remember the known medicare fraud; by law all submitted bills have to be paid within 30-60 days hardly enough time to check up to see if they are real claims. I recall bhos saying he was going to stop this waste, but he has been silence about this .
In FL. this is a thriving business...........worth billions.
In FL. this is a thriving business...........worth billions.
Lue C Fur
Evil member
klein
Für Meno :)
With all respect, our Country had a payroll tax increase to help with the Canada Pension Plan, because of the aging population.
No one complained here - and actually thought it's about time !
You rightwingers instead want to cut SS (old age pension) and make everyone live in poverty that couldn't save some money on the side for their retirement, and on top pay extra for medicare, too.
Sometimes, I really hope you get your wishes ! But, it's an awlful future !
Your Foxnews Stupidity saying it's a spending problem and not a revenue problem is garbage.
5% more people out of work = less revenue !
5% more out of work = more spending (unemployment bennies)
More people retiring = more spending on SS and Medicare.
The US is not the only country dealing with an aging population !
Like I said, have fun keeping low taxes, and cutting spending ! You'll see where it brings you, but even if the GOP was in power now, they would increase taxes themselves - and you all know that , too !
No one complained here - and actually thought it's about time !
You rightwingers instead want to cut SS (old age pension) and make everyone live in poverty that couldn't save some money on the side for their retirement, and on top pay extra for medicare, too.
Sometimes, I really hope you get your wishes ! But, it's an awlful future !
Your Foxnews Stupidity saying it's a spending problem and not a revenue problem is garbage.
5% more people out of work = less revenue !
5% more out of work = more spending (unemployment bennies)
More people retiring = more spending on SS and Medicare.
The US is not the only country dealing with an aging population !
Like I said, have fun keeping low taxes, and cutting spending ! You'll see where it brings you, but even if the GOP was in power now, they would increase taxes themselves - and you all know that , too !
moreluck
golden ticket member
Harry Reid's comment about Boehner's bill......."it'll be dead on arrival." That's the positive type of compromise Republicans are looking at. Hasn't even read it yet.
Special K....it is a spending problem. We get plenty of revenue, we just waste it all. Almost 3 years now and all that fraud that Obama was going to stop and get the money from continues and no one moves to stop it. It's the same if you earn $10,000 and decide to spend $15,000...that would be pretty dumb....well that's our president!
Special K....it is a spending problem. We get plenty of revenue, we just waste it all. Almost 3 years now and all that fraud that Obama was going to stop and get the money from continues and no one moves to stop it. It's the same if you earn $10,000 and decide to spend $15,000...that would be pretty dumb....well that's our president!
klein
Für Meno :)
Special More, then why couldn't Bush II record any surpluses and ran over $1 Trillion in deficit per year ?
I don't care, if the debt ceiling doesn't get raised, would probably mean a big boom for us, as the Canadian dollar will rise close to 1:2 via the US, and Oil will double in price, making us the big bucks !
I don't care, if the debt ceiling doesn't get raised, would probably mean a big boom for us, as the Canadian dollar will rise close to 1:2 via the US, and Oil will double in price, making us the big bucks !
DS
Fenderbender
I don't pretend to know anything about the deficit,or US politics.
I found this blog interesting .
Yep... those Washington politicians are convinced they need to cut Social Security, cut Medicare, cut Medicaid, cut education funding, cut this and cut that. But then they came up with the real "winning idea" to deal with the deficit. Why just cut expenditures when you can cut revenue? So they are now talking about a tax holiday for the "job creating" big corporations!
http://ryviewpoint.blogspot.com/2011/07/how-to-fix-debt-limit-tax-break-for.html
I found this blog interesting .
Yep... those Washington politicians are convinced they need to cut Social Security, cut Medicare, cut Medicaid, cut education funding, cut this and cut that. But then they came up with the real "winning idea" to deal with the deficit. Why just cut expenditures when you can cut revenue? So they are now talking about a tax holiday for the "job creating" big corporations!
Here’s how it works: the tax laws say that companies can avoid paying taxes as long as they keep their profits overseas. Whenever that money comes back to the U.S., the companies have to pay taxes on it.
Think of it as a gigantic global IRA. Companies that put their profits in the offshore IRA can leave them there indefinitely with no tax consequence. Then, when they cash out, they pay the tax.
Only there’s a catch. In 2004, the corporate lobby got together and major employers like Cisco and Apple and GE begged congress to give them a “one-time” tax holiday, arguing that they would use the savings to create jobs. Congress, shamefully, relented, and a tax holiday was declared. Now companies paid about 5 percent in taxes, instead of 35-40 percent.
Money streamed back into America. But the companies did not use the savings to create jobs. Instead, they mostly just turned it into executive bonuses and ate the extra cash. Some of those companies promising waves of new hires have already committed to massive layoffs..
It was bad enough when lobbyists managed to pull this trick off once, in 2004. But in one of the worst-kept secrets in Washington, companies immediately started to systematically “offshore” their profits right after the 2004 holiday with the expectation that somewhere down the road, and probably sooner rather than later, they would get another holiday.
Companies used dozens of fiendish methods to keep profits overseas, including such scams as “transfer pricing,” a technique in which profits are shifted to overseas subsidiaries. A typical example might involve a pharmaceutical company that licenses the rights or the patent to one of its more successful drugs to a foreign affiliate, which in turn manufactures the product and sells it back to the U.S. branch, thereby shifting the profits overseas.
Companies have been doing this for years, to incredible effect.
When will the American people learn to stop electing lackeys for big business and vote in politicians who are responsive to the needs of the bottom 99% of the population?Think of it as a gigantic global IRA. Companies that put their profits in the offshore IRA can leave them there indefinitely with no tax consequence. Then, when they cash out, they pay the tax.
Only there’s a catch. In 2004, the corporate lobby got together and major employers like Cisco and Apple and GE begged congress to give them a “one-time” tax holiday, arguing that they would use the savings to create jobs. Congress, shamefully, relented, and a tax holiday was declared. Now companies paid about 5 percent in taxes, instead of 35-40 percent.
Money streamed back into America. But the companies did not use the savings to create jobs. Instead, they mostly just turned it into executive bonuses and ate the extra cash. Some of those companies promising waves of new hires have already committed to massive layoffs..
It was bad enough when lobbyists managed to pull this trick off once, in 2004. But in one of the worst-kept secrets in Washington, companies immediately started to systematically “offshore” their profits right after the 2004 holiday with the expectation that somewhere down the road, and probably sooner rather than later, they would get another holiday.
Companies used dozens of fiendish methods to keep profits overseas, including such scams as “transfer pricing,” a technique in which profits are shifted to overseas subsidiaries. A typical example might involve a pharmaceutical company that licenses the rights or the patent to one of its more successful drugs to a foreign affiliate, which in turn manufactures the product and sells it back to the U.S. branch, thereby shifting the profits overseas.
Companies have been doing this for years, to incredible effect.
http://ryviewpoint.blogspot.com/2011/07/how-to-fix-debt-limit-tax-break-for.html
Last edited:
Similar threads
