General Discussion

kentuck

(115,401 posts)

3. I'm sorry but...

Fri Jan 13, 2012, 05:10 PM

Jan 2012

The budget was balanced. They actually paid down some of the national debt and they did not have to use Social Security to balance the budget.

In fact, a surplus was forecast for the next 10 years. We would have paid off the entire national debt by 2011. But most knowledgeable people know what happened and why the economy went into the crapper...

(on edit: here is a link that might help from Fact Check: http://www.factcheck.org/2008/02/the-budget-and-deficit-under-clinton/

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How the Republicans tore down our country [View all] kentuck Jan 2012 OP

I take objection NathanTheGreat Jan 2012 #1

Then Maybe Dwight D. was onto something since tax rates for top tier incomes were 91% whathehell Jan 2012 #2

Wow NathanTheGreat Jan 2012 #14

Don't worry...They had plenty of accountants and loopholes whathehell Jan 2012 #19

Ok NathanTheGreat Jan 2012 #31

In Republican terms "getting real" means "uber-rich pay no taxes at ALL" whathehell Jan 2012 #34

I agree NathanTheGreat Jan 2012 #46

9% of your income *over a certain amount*. HughBeaumont Jan 2012 #36

It's marginal income... WCGreen Jan 2012 #44

I'm sorry but... kentuck Jan 2012 #3

But all is rosy now....(for the top 1%) izquierdista Jan 2012 #5

You got it! kentuck Jan 2012 #7

That's only true if your ignore Kellerfeller Jan 2012 #13

Errr... NathanTheGreat Jan 2012 #18

It was "headed downward" because of stupid decisions made by Wall Street and whathehell Jan 2012 #35

your mortgage is not analogous to intra-government debt unblock Jan 2012 #4

if the gov't (outside socsec) runs a surplus, but socsec runs a bigger one, then total debt goes up. unblock Jan 2012 #10

There is no trust fund NathanTheGreat Jan 2012 #17

Nice RW talking point there hootinholler Jan 2012 #22

yeah... NathanTheGreat Jan 2012 #28

Whatever you call it, we the people PAID for it. In fact, the Baby Boomers paid DOUBLE whathehell Jan 2012 #37

I didn't... NathanTheGreat Jan 2012 #45

Sounds like whathehell Jan 2012 #50

It's not a talking point NathanTheGreat Jan 2012 #53

Maybe not, but you certainly sound like a republican whathehell Jan 2012 #54

Indeed. Sometimes I think some people want to bury the trust fund in a back yard somewhere rather pampango Jan 2012 #33

you can't have it both ways. unblock Jan 2012 #25

What? NathanTheGreat Jan 2012 #27

you are counting them as a liability but not as an asset. that is a complete fraud. unblock Jan 2012 #32

It's a liability NathanTheGreat Jan 2012 #42

ok, let's break it down: unblock Jan 2012 #47

there's a problem NathanTheGreat Jan 2012 #49

here's one source: unblock Jan 2012 #52

Fuck the national debt...Reagan raised the debt limit something like twenty plus times, in 8 years. whathehell Jan 2012 #38

Yeah, I'm sure you do. tabasco Jan 2012 #12

The Congressional Budget Office NathanTheGreat Jan 2012 #16

So which is it? hootinholler Jan 2012 #23

Sorry NathanTheGreat Jan 2012 #30

You must be kidding.. whathehell Jan 2012 #40

Huh? NathanTheGreat Jan 2012 #41

Huh? whathehell Jan 2012 #51

Objection overruled. Major Hogwash Jan 2012 #20

Riddle me this NathanTheGreat Jan 2012 #43

Why are you spreading lies? tabasco Jan 2012 #56

Yes, I remember in the 80's when those repuke presidents were cutting taxes hughee99 Jan 2012 #6

Is this an attempt to be facetious or sarcastic? kentuck Jan 2012 #8

Not an attempt, I think it was a success. hughee99 Jan 2012 #9

I can't disagree with that... kentuck Jan 2012 #11

"...finish the job" is proven in how the house under GOP simply picked up where they left off. They deacon Jan 2012 #15

The Republicans are backed by big money and big business and big media.. DCBob Jan 2012 #21

I disagree. They have only just started tryiny to break up the country. L. Coyote Jan 2012 #24

they still think govt is evil unless it has to do with governing women's reproductive rights spanone Jan 2012 #26

They don't think it's "evil" when it works for the One Percent...When it works for the rest of us whathehell Jan 2012 #39

There are some on DU that bash Obama and democrats as much as possible. bluestate10 Jan 2012 #29

i wonder the same thing upi402 Jan 2012 #57

Good history YoungDemCA Jan 2012 #48

they had no opposition upi402 Jan 2012 #55