The deficit and the debt are not the same thing. Pointing out that the debt is increasing means nothing as to whether or not the deficit is shrinking.
Kenny on May 17, 2008 at 02:48 am
The debt is a direct result of the deficit, and you know it.
The debt would continue to increase even if there was no deficit, because of interest. Pointing to the debt increasing doesn’t negate my point and we both know it.
Kenny on May 17, 2008 at 02:48 am
Not true dear Kenny. Not true. The debt is increasing because if interest and borrowing. I you look at the numbers you will surely be distressed.
ellinas - 06:05am on 05/17/2008
ellinas - Are you going to spend like there is no tommorow, and leave the bills to your children?
Kenny’s not a socialist.
Direct your ire elsewhere.
likwidshoe on May 17, 2008 at 03:18 am
Never thought he was. No ire here. Sorry bud. Tou failed your psychology exam. My question is valid because that is exactly what is happening right now.
To say otherwise is at best disingenious.
ellinas - 06:05am on 05/17/2008
I do not like tax and spend. But borrow and spend I despise. Can’t live on credit forever. The whole shebang is going to collapse like the housing market.
And when the bills are due, the much envied around the world American standard of living will be no more.
ellinas - 06:05am on 05/17/2008
The debt is a direct result of the deficit, and you know it.
It is still dishonest, to say the least, to claim that the deficit is not shrinking because the debt is growing. Or perhaps you really are that economically illiterate?
Not true dear Kenny. Not true. The debt is increasing because if interest and borrowing. I you look at the numbers you will surely be distressed.
You just made my point AGAIN. Thank you. Even if the deficit was eliminated, the debt would continue to expand. It is called interest. The deficit is indeed a result of borrowing. As long as there is ANY deficit, shrinking or not, the debt will continue to rise beyond interest.
The Clinton “surplus” was a forecast. It never happened.
Deficit spending, while unfortunate, is a simple fact of politics. We haven’t had a government that didn’t have a deficit in any of our lifetimes. The debt has continued to increase every year.
So, why the hysterics? None of this mattered when Clinton was President.
As I said (and you never even tried to refute) we have record high tax receipts. As I also pointed out, the deficit is getting smaller (and you ignored this, pointing to the debt....since you seem to have enough economic knowledge of interest and the like...I must attribute this to dishonesty).
Moreover, your proposed solution makes even less sense...to turn over government to people who will tax more (decreasing revenues), and spend more. So our choices are not tax and spend or borrow and spend as you claim, but borrow and spend or tax and borrow and spend.
Dishonest all around. Such a good lil democrat.
Kenny - 01:05pm on 05/17/2008
HG, contractors are “temporary” government employees.
E, you’re an idiot. You don’t know the difference between bureaucracy and spending. It is no wonder our nation is in the state it is in. I suppose you think a reduction in the rate of growth is a cut as well? Maybe you think tax cuts have to be payed for even though they increase revenues? And of course, last but not least, if we would just talk to our enemies, they’ll come around, right?
The deficit and the debt are not the same thing. Pointing out that the debt is increasing means nothing as to whether or not the deficit is shrinking.
Kenny on May 17, 2008 at 02:48 am
The debt is a direct result of the deficit, and you know it.
The debt would continue to increase even if there was no deficit, because of interest. Pointing to the debt increasing doesn’t negate my point and we both know it.
Kenny on May 17, 2008 at 02:48 am
Not true dear Kenny. Not true. The debt is increasing because if interest and borrowing. I you look at the numbers you will surely be distressed.
ellinas - Are you going to spend like there is no tommorow, and leave the bills to your children?
Kenny’s not a socialist.
Direct your ire elsewhere.
likwidshoe on May 17, 2008 at 03:18 am
Never thought he was. No ire here. Sorry bud. Tou failed your psychology exam. My question is valid because that is exactly what is happening right now.
To say otherwise is at best disingenious.
I do not like tax and spend. But borrow and spend I despise. Can’t live on credit forever. The whole shebang is going to collapse like the housing market.
And when the bills are due, the much envied around the world American standard of living will be no more.
It is still dishonest, to say the least, to claim that the deficit is not shrinking because the debt is growing. Or perhaps you really are that economically illiterate?
You just made my point AGAIN. Thank you. Even if the deficit was eliminated, the debt would continue to expand. It is called interest. The deficit is indeed a result of borrowing. As long as there is ANY deficit, shrinking or not, the debt will continue to rise beyond interest.
The Clinton “surplus” was a forecast. It never happened.
http://www.senate.gov/~rpc/releases/1997/FY98CBOR.JT.htm
http://www.letxa.com/articles/16
And much of the credit he gets for reducing the deficit was misplaced. And indeed, their pet projects FAILING added to the deficit reduction:
http://www.heritage.org/Research/Budget/FYI92.cfm
http://findarticles.com/p/articles/mi_m1282/is_n16_v48/ai_18614099
Deficit spending, while unfortunate, is a simple fact of politics. We haven’t had a government that didn’t have a deficit in any of our lifetimes. The debt has continued to increase every year.
So, why the hysterics? None of this mattered when Clinton was President.
As I said (and you never even tried to refute) we have record high tax receipts. As I also pointed out, the deficit is getting smaller (and you ignored this, pointing to the debt....since you seem to have enough economic knowledge of interest and the like...I must attribute this to dishonesty).
Moreover, your proposed solution makes even less sense...to turn over government to people who will tax more (decreasing revenues), and spend more. So our choices are not tax and spend or borrow and spend as you claim, but borrow and spend or tax and borrow and spend.
Dishonest all around. Such a good lil democrat.
E, you’re an idiot. You don’t know the difference between bureaucracy and spending. It is no wonder our nation is in the state it is in. I suppose you think a reduction in the rate of growth is a cut as well? Maybe you think tax cuts have to be payed for even though they increase revenues? And of course, last but not least, if we would just talk to our enemies, they’ll come around, right?