As I told red, I read your graphic, and I still believe it was yet another attempt by you to bash Bush in a thread that didn't involve him. How can you say it's not a Bush/Clinton graphic when the frigging title of the graphic is "Bush Record Budget Deficit"? How is it that Reagan had such a large deficit but is considered to be one of the best Presidents we've had?
interest isnt bad. would you refuse to buy a house because you would have to pay interest on the loan? you wouldnt care that you got to have the house? all you know is that interest is bad? do you see how having the house when you otherwise could not is valuable? if i offered to loan you a billion dollars at 5% interest right now, you would be a lunatic not to take it, because you could use that money to make yourself rich. or would you say "no thanks, yunno.....duhhhh...interest" http://web2.iadfw.net/scsr/index.htm
Is that all you got? They sound like perceptive and clever individuals, Hadrian. :hihi: I know. It's myopia. But with Red's Patent Spectacles, you can see further. I am concerned with both, since they are not mutually exclusive. I just think it is foolish to spend money that the government doesn't have. Greenspan himself says that the high national debt leads to future inflation. Just look at the runaway inflation that exists in countries that spend money that they don't have. Democrats have been justly criticised for "tax and spend" policies resulting in an inflated bureaucracy. But these "spend while cutting taxes" new republicans have presided over more non-military government spending than Clinton, while irresponsibly cutting government income! This results in a bloated bureaucracy AND a budget deficit. Last year the budget deficit was a record $412 billion. This is not Ronald Reagan's Republican party! And I made an error in an earlier post where I said our interest payments ran $104 billion annually. Last year we paid $406 billion in interest to holders of the national debt. Our tax money wasted. Why don't you care about it?
reagan cut taxes and the debt increased, facilitating growth. the main thing that is bad about debt is that people like you will want taxes raised.
First of all I didn't post the graphic, I just interpreted it correctly. Secondly the title of the friggin' graph is "History of the US Budget Surplus/Deficit". The caption you mention brings a fact on the graph to the readers attention, no doubt related to its original article. It is still possible to determine from the graph that Makatak was suggesting that Clintons' budget surpluses were positive, in response to score's original question. Military spending, which resulting in us bankrupting the Soviets who were trying to keep up. Reagan cleverly won the Cold War without a fight. But you will note on the graph that he lowered the deficit significantly in his last three years
You keep saying that, yet tax revenues are higher since the tax cuts. Revenue is not the problem, it's spending.
Lying to the FBI, Perjury before a Grand Jury, Obstruction of Justice. Ethics. They are still stonewalling the investigations by losing documents, classifiying every piece of paper work in their office, and apparently inventing a new branch of governement that is acccountabe to nobody.
