The Utter defeat of the Radical wing of the GOP.

[LogikAndReazon]

We neednt have a debt limit when there is so much social injustice and so many different wants.........

It would be cruel not to continue spending we cant afford, especially when you can confiscate more from the wealthy.........

Besides the consequences dont matter, yet

 

[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?

The National debt grew each and every year under Clinton.

There were no surpluses, creative accounting, not withstanding.


Sorry about your luck.

Correct.

 

[SniperFire]

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?

The National debt grew each and every year under Clinton.

There were no surpluses, creative accounting, not withstanding.


Sorry about your luck.

Correct.

Excellent!

You do show some capacity to learn.

 

[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?

The National debt grew each and every year under Clinton.

There were no surpluses, creative accounting, not withstanding.


Sorry about your luck.

Here you're wrong. We had supluses, due to POSITIVE CASHFLOW. And "cashflow" is not a creative accounting concept. In fact, it something any who've studied business, accounting, (or both in my case) learn very early on.

 

[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?

The National debt grew each and every year under Clinton.

There were no surpluses, creative accounting, not withstanding.


Sorry about your luck.

Thanks. Sorry about your abject stupidity, not to mention utter ignorance of basic accounting principles.

 

[elvis]

This isn't a GOP deal. The vast majority of the right opposed kicking this down the road.

This could have been avoided at any point had we made the Bush tax cuts permenant years ago.

This could be avoided if politicians in either party were willing to actually cut the spending so we don't need to borrow money and come close to the debt ceiling.

Nothing has been fixed by this deal. Just like nothing was fixed in the last debt ceiling deal where Obama keeps getting what he wants and the conservatives in the GOP get absolutely NOTHING.

Let's have one serious cut to the budget. Im not talking about slowing growth, but a serious cut. You will never get anyone to actually cut the government. You won't get anyone seriously proposing we end baseline budgeting and that Congress actually do it's job and create a budget based on the tax revenues we actually receive.

There are only a few GOP reps actually fighting for a real solution to this problem and unfortunately, they aren't doing enough.

Tax cuts would have been great if bush jr hadn't tried to conquer the Middle East.

Actually; not even then. Bush 43 solved a problem we didn't have: surplus, which is what's needed to pay down the debt.

The economy had slumped.

 

[SniperFire]

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?

The National debt grew each and every year under Clinton.

There were no surpluses, creative accounting, not withstanding.


Sorry about your luck.

Here you're wrong. We had supluses, due to POSITIVE CASHFLOW. And "cashflow" is not a creative accounting concept. In fact, it something any who've studied business, accounting, (or both in my case) learn very early on.

LOL. Horseshit. We had positive budget 'cashflow' via borrowing creatively from off-budget accounts:


'How Clinton managed to claim a surplus was that while the general operating budgets ran deficits but Clinton borrowed from numerous off budget funds to make the on budget fund a surplus.

For example, in 2000, Clinton claimed a $230B surplus, but Clinton borrowed
$152.3B from Social Security
$30.9B from Civil Service Retirement Fund
$18.5B from Federal Supplementary Medical insurance Trust Fund
$15.0B from Federal Hospital Insurance Trust Fund
$9.0B from the Federal Unemployment Trust Fund
$8.2B from Military Retirement Fund
$3.8B from Transportation Trust Funds
$1.8B from Employee Life Insurance & Retirement fund
$7.0B from others '

The Myth of the Clinton Balanced Budget - Bruce Majors - Open Salon


It was of course all bullshit. The National debt went up each and every year.

 

[Koios]

Tax cuts would have been great if bush jr hadn't tried to conquer the Middle East.

Actually; not even then. Bush 43 solved a problem we didn't have: surplus, which is what's needed to pay down the debt.

The economy had slumped.

Yes; a mild recession which began in April 2001, followed by unprecendented defict spending, which lead to the Great Recession in 2008, the worst downturn in the economy since 1929.

 

[SniperFire]

You must really suck at accounting.

LOL

 

[jillian]

No. I think it sucks, but the GOP demanded it be kicked down the road in lieu of the debt limit increase bill, which is WHAT CREATED THE FUCKING FISCAL CLIFF, you ignorant nincumpoop!!!

And how did they "solve" it? Kick it down the road another 3 months. Way to go GOP, you inept fucking cock suckers.

This isn't a GOP deal. The vast majority of the right opposed kicking this down the road.

This could have been avoided at any point had we made the Bush tax cuts permenant years ago.

This could be avoided if politicians in either party were willing to actually cut the spending so we don't need to borrow money and come close to the debt ceiling.

Nothing has been fixed by this deal. Just like nothing was fixed in the last debt ceiling deal where Obama keeps getting what he wants and the conservatives in the GOP get absolutely NOTHING.

Let's have one serious cut to the budget. Im not talking about slowing growth, but a serious cut. You will never get anyone to actually cut the government. You won't get anyone seriously proposing we end baseline budgeting and that Congress actually do it's job and create a budget based on the tax revenues we actually receive.

There are only a few GOP reps actually fighting for a real solution to this problem and unfortunately, they aren't doing enough.

Tax cuts would have been great if bush jr hadn't tried to conquer the Middle East.

yes, and no. certainly it was irresponsible for bush to be the only leader in recorded history to cut taxes during time of war. and certainly the same damage would not have been done in terms of rising deficits and out-of-control budgets. but we still need to invest in infrastructure. there's no excuse in the world for us not to be at the top of the game internationally vis a vis technology, high speed rail, alternative energies. that all comes from spending on unnecessary wars of choice while cutting our own income flow.

tax cuts are always nice. i can't think of a day where i wouldn't want more money in my own pocket. we all want more money in our pockets. but we also have an obligation to a larger society. and i suspect the nature (or even existence) of that obligation differs depending on one's politics.

happy new year, elvis.

 

[zeke]

If the good lord almighty came down and said Clinton had a surplus, Snippy would bitch slap him and call him stupid.

But it always amazes me that you snippy, with all your supposed wisdom and understanding of government economics, are not working in the Office of Management and Budget. Why is that?
Why are you not on TV, maybe FOX, correcting all those misconceptions. Why snippy why?
Why are you not the most recognized authority on all things economics? Do you publish beyond these boards. What a shame if you don't. Share the wisdom snippy. Share.

Are you a economic ledgend in your own mind? You betcha.

 

[Koios]

The National debt grew each and every year under Clinton.

There were no surpluses, creative accounting, not withstanding.


Sorry about your luck.

Here you're wrong. We had supluses, due to POSITIVE CASHFLOW. And "cashflow" is not a creative accounting concept. In fact, it something any who've studied business, accounting, (or both in my case) learn very early on.

LOL. Horseshit. We had positive budget 'cashflow' via borrowing creatively from off-budget accounts:


'How Clinton managed to claim a surplus was that while the general operating budgets ran deficits but Clinton borrowed from numerous off budget funds to make the on budget fund a surplus.

For example, in 2000, Clinton claimed a $230B surplus, but Clinton borrowed
$152.3B from Social Security
$30.9B from Civil Service Retirement Fund
$18.5B from Federal Supplementary Medical insurance Trust Fund
$15.0B from Federal Hospital Insurance Trust Fund
$9.0B from the Federal Unemployment Trust Fund
$8.2B from Military Retirement Fund
$3.8B from Transportation Trust Funds
$1.8B from Employee Life Insurance & Retirement fund
$7.0B from others '

The Myth of the Clinton Balanced Budget - Bruce Majors - Open Salon


It was of course all bullshit. The National debt went up each and every year.

Advise you google "cashflow." Then come back and tell me where liabilities, including debt, are a part of that accounting concept.

Have a ball.

 

[SniperFire]

If the good lord almighty came down and said Clinton had a surplus, Snippy would bitch slap him and call him stupid.

But it always amazes me that you snippy, with all your supposed wisdom and understanding of government economics, are not working in the Office of Management and Budget. Why is that?
Why are you not on TV, maybe FOX, correcting all those misconceptions. Why snippy why?
Why are you not the most recognized authority on all things economics? Do you publish beyond these boards. What a shame if you don't. Share the wisdom snippy. Share.

Are you a economic ledgend in your own mind? You betcha.

Sorry, zeke. Facts is facts, and you still like it up the ass!

 

[SniperFire]

Here you're wrong. We had supluses, due to POSITIVE CASHFLOW. And "cashflow" is not a creative accounting concept. In fact, it something any who've studied business, accounting, (or both in my case) learn very early on.

LOL. Horseshit. We had positive budget 'cashflow' via borrowing creatively from off-budget accounts:


'How Clinton managed to claim a surplus was that while the general operating budgets ran deficits but Clinton borrowed from numerous off budget funds to make the on budget fund a surplus.

For example, in 2000, Clinton claimed a $230B surplus, but Clinton borrowed
$152.3B from Social Security
$30.9B from Civil Service Retirement Fund
$18.5B from Federal Supplementary Medical insurance Trust Fund
$15.0B from Federal Hospital Insurance Trust Fund
$9.0B from the Federal Unemployment Trust Fund
$8.2B from Military Retirement Fund
$3.8B from Transportation Trust Funds
$1.8B from Employee Life Insurance & Retirement fund
$7.0B from others '

The Myth of the Clinton Balanced Budget - Bruce Majors - Open Salon


It was of course all bullshit. The National debt went up each and every year.

Advise you google "cashflow." Then come back and tell me where liabilities, including debt, are a part of that accounting concept.

Have a ball.

You have been destroyed.

LOL

 

[elvis]

Actually; not even then. Bush 43 solved a problem we didn't have: surplus, which is what's needed to pay down the debt.

The economy had slumped.

Yes; a mild recession which began in April 2001, followed by unprecendented defict spending, which lead to the Great Recession in 2008, the worst downturn in the economy since 1929.

Recession wasn't caused by the deficit spending. It simply made it tough to recover. And most of that deficit spending was because we were fighting an unnecessary war without a tax to pay for it, also unprecedented.

 

[Koios]

You must really suck at accounting.

LOL

Thanks. You cannot imagine (considering the source) how flattering that is for me.

 

[jillian]

LOL. Horseshit. We had positive budget 'cashflow' via borrowing creatively from off-budget accounts:


'How Clinton managed to claim a surplus was that while the general operating budgets ran deficits but Clinton borrowed from numerous off budget funds to make the on budget fund a surplus.

For example, in 2000, Clinton claimed a $230B surplus, but Clinton borrowed
$152.3B from Social Security
$30.9B from Civil Service Retirement Fund
$18.5B from Federal Supplementary Medical insurance Trust Fund
$15.0B from Federal Hospital Insurance Trust Fund
$9.0B from the Federal Unemployment Trust Fund
$8.2B from Military Retirement Fund
$3.8B from Transportation Trust Funds
$1.8B from Employee Life Insurance & Retirement fund
$7.0B from others '

The Myth of the Clinton Balanced Budget - Bruce Majors - Open Salon


It was of course all bullshit. The National debt went up each and every year.

Advise you google "cashflow." Then come back and tell me where liabilities, including debt, are a part of that accounting concept.

Have a ball.

You have been destroyed.

LOL

not by you.

 

[SniperFire]

Advise you google "cashflow." Then come back and tell me where liabilities, including debt, are a part of that accounting concept.

Have a ball.

You have been destroyed.

LOL

not by you.

Facts are a real mofo, ain't they?

LOL

 

[jillian]

You have been destroyed.

LOL

not by you.

Facts are a real mofo, ain't they?

LOL

you haven't posted any.

 

[Koios]

The economy had slumped.

Yes; a mild recession which began in April 2001, followed by unprecendented defict spending, which lead to the Great Recession in 2008, the worst downturn in the economy since 1929.

Recession wasn't caused by the deficit spending. It simply made it tough to recover. And most of that deficit spending was because we were fighting an unnecessary war without a tax to pay for it, also unprecedented.

It plays a part, since not everything that contributes to recession are tangibles. Indeed, the intangible (fear; pack mentality) are often the greatest drivers of downturns, and what nearly entirely slow the recovery.

Read up on it. You might find it interesting.