General Discussion

NathanTheGreat

(78 posts)

16. The Congressional Budget Office

Sat Jan 14, 2012, 01:10 AM

Jan 2012

Here are your numbers Sparky...

National debt by fiscal year
1993 - 4.41 trillion
1994 - 4.69 trillion
1995 - 4.97 trillion
1996 - 5.22 trillion
1997 - 5.41 trillion
1998 - 5.52 trillion
1999 - 5.65 trillion
2000 - 5.67 trillion
2001 - 5.80 trillion

When you balance a budget or run a surplus, your debt goes down. When you run a deficit, your debt goes up. The debt has gone up every year since 1958.

You can get a surplus when you are allowed to ignore some of your debts...like I said, the Congressional Budget Office is doing so.

Again, Clinton never ran a surplus.

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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