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  1. #40
    Join Date
    May 2003
    Location
    Dallas/Ft Worth, TX
    Posts
    439
    Bootlen,
    Seems liberals can't read only go out and repeat the mantra the liberal media spews out.
    The Democratic motto should be "If we want your opinion we'll give it to you".

  2. #41
    Join Date
    Oct 2003
    Posts
    91
    Originally posted by hvac r us 2
    Originally posted by James 3528
    And there was no 300 billion surplus, numb nuts.
    You have quite a way with words James...ever consider writing children books?
    Oh my God, that's too funny. I literally laughed out loud!
    I've got tears in my eyes. Thanx guys. both of you.

  3. #42
    Join Date
    Oct 2001
    Location
    Waterford Michigan
    Posts
    2,668
    Originally posted by James 3528
    And even if there was...you can thank the republicans
    O.K thanks Mr. Bush for giving this gift to our children.
    National Debt Limit Countdown
    On August 2, Treasury Secretary John Snow urged Congress to raise the federal debt limit without delay, and warned that the limit will be reached by late September or early October.

    Others have speculated that gimmicks can be used to keep from reaching the limit until mid- or late November. One way that has been used in the past is not making scheduled payments into the Federal Employee Retirement System pension fund and after the ceiling is raised, repaying the "borrowed" amounts (with interest). This would allow action on the debt limit to be postponed until after the election

    What is the debt limit?
    The debt limit or ceiling is the legal amount -- set by statute -- up to which the government can go into debt. Currently it is set at $7.384 trillion. Increasing debt over this limit is illegal.

    What causes the national debt to grow?

    Every time the government runs a annual deficit, meaning revenue is not sufficient to cover spending, it must borrow money, which increases the national debt. Record deficits have become the norm under this administration, because of a combination of factors: the economic downturn following 9/11, the war on terrorism, the Iraq war, and, perhaps most significant, the huge tax cuts in 2001 and 2003 that dramatically reduced revenue. The Office of Management and Budget recently estimated the deficit for fiscal year 2004 at $445 billion, adding $445 billion more to the national debt.

    When was the last time the debt ceiling was raised?
    It was last raised in May 2003 by a record $984 billion.

    Since Bush entered office in January 2001, the debt limit has been increased by more than $1.4 trillion.


  4. #43
    Join Date
    Feb 2004
    Location
    SC
    Posts
    20,677
    Originally posted by johnl45
    Originally posted by James 3528
    And even if there was...you can thank the republicans
    O.K thanks Mr. Bush for giving this gift to our children.
    National Debt Limit Countdown
    On August 2, Treasury Secretary John Snow urged Congress to raise the federal debt limit without delay, and warned that the limit will be reached by late September or early October.

    Others have speculated that gimmicks can be used to keep from reaching the limit until mid- or late November. One way that has been used in the past is not making scheduled payments into the Federal Employee Retirement System pension fund and after the ceiling is raised, repaying the "borrowed" amounts (with interest). This would allow action on the debt limit to be postponed until after the election

    What is the debt limit?
    The debt limit or ceiling is the legal amount -- set by statute -- up to which the government can go into debt. Currently it is set at $7.384 trillion. Increasing debt over this limit is illegal.

    What causes the national debt to grow?

    Every time the government runs a annual deficit, meaning revenue is not sufficient to cover spending, it must borrow money, which increases the national debt. Record deficits have become the norm under this administration, because of a combination of factors: the economic downturn following 9/11, the war on terrorism, the Iraq war, and, perhaps most significant, the huge tax cuts in 2001 and 2003 that dramatically reduced revenue. The Office of Management and Budget recently estimated the deficit for fiscal year 2004 at $445 billion, adding $445 billion more to the national debt.

    When was the last time the debt ceiling was raised?
    It was last raised in May 2003 by a record $984 billion.

    Since Bush entered office in January 2001, the debt limit has been increased by more than $1.4 trillion.

    ================================================== ==========

    Of course, none of that has to do with 911 (thank ya, Slick Willie) or the lack of demanding that member nations of the U.N. abide by U.N. policy (thank ya again, Slick Willie), or that the economy was tanking when W took office (Oh, thank ya, Slick Willie).

    john, the oven awaits.
    No reserve. No retreat. No regrets.

    For those who have fought for it, freedom has a sweetness the protected will never know.

    http://www.airwarvietnam.com/16thSOSGunners2.jpg

    Proud member of KA Club

  5. #44
    Join Date
    Oct 2001
    Location
    Waterford Michigan
    Posts
    2,668
    [QUOTE]Originally posted by bootlen
    Originally posted by johnl45
    Originally posted by James 3528
    ================================================== ==========

    Of course, none of that has to do with 911 (thank ya, Slick Willie) or the lack of demanding that member nations of the U.N. abide by U.N. policy (thank ya again, Slick Willie), or that the economy was tanking when W took office (Oh, thank ya, Slick Willie).

    john, the oven awaits.
    Just like a true right-winger when the truth stares you in the face blame it all on Slick Willie.

  6. #45
    Join Date
    Feb 2004
    Location
    SC
    Posts
    20,677
    [QUOTE]Originally posted by johnl45
    Originally posted by bootlen
    Originally posted by johnl45
    Originally posted by James 3528
    ================================================== ==========

    Of course, none of that has to do with 911 (thank ya, Slick Willie) or the lack of demanding that member nations of the U.N. abide by U.N. policy (thank ya again, Slick Willie), or that the economy was tanking when W took office (Oh, thank ya, Slick Willie).

    john, the oven awaits.
    Just like a true right-winger when the truth stares you in the face blame it all on Slick Willie.
    ================================================== =========

    How astute of you to recognize the truth. "Slick Willie."
    No reserve. No retreat. No regrets.

    For those who have fought for it, freedom has a sweetness the protected will never know.

    http://www.airwarvietnam.com/16thSOSGunners2.jpg

    Proud member of KA Club

  7. #46
    Join Date
    Jul 2001
    Location
    Buffalo N.Y.
    Posts
    1,571
    How many superpowers have not ever run deficits? none.
    How could you reasonably avoid runnung deficits forever? you can't, eventually somthing will give.
    As we saw during the end of the 90's the economy was faultering, and most of the cause was the lack of capital venture moneies available for re-investment, or in other words too many people were holding onto their money and not infusing it back into the market.

    If you study macro-economics you'll find that deficits are a normal cycle in larger economies, a deficit is not a constant as a surplus is not. Deficit amounts will always increase as the cost of goods and services increase. you need to look at the GNP ratio to gauge the true impact.

    One thing you can definitly bet on is that if 9/11 didn't happen the economy would be healthier. Don't balme Bush for 9/11.

  8. #47
    Join Date
    Nov 2000
    Location
    Coastal Georgia
    Posts
    34,902
    Originally posted by johnl45
    Originally posted by James 3528
    And even if there was...you can thank the republicans
    O.K thanks Mr. Bush for giving this gift to our children.
    National Debt Limit Countdown
    On August 2, Treasury Secretary John Snow urged Congress to raise the federal debt limit without delay, and warned that the limit will be reached by late September or early October.

    Others have speculated that gimmicks can be used to keep from reaching the limit until mid- or late November. One way that has been used in the past is not making scheduled payments into the Federal Employee Retirement System pension fund and after the ceiling is raised, repaying the "borrowed" amounts (with interest). This would allow action on the debt limit to be postponed until after the election

    What is the debt limit?
    The debt limit or ceiling is the legal amount -- set by statute -- up to which the government can go into debt. Currently it is set at $7.384 trillion. Increasing debt over this limit is illegal.

    What causes the national debt to grow?

    Every time the government runs a annual deficit, meaning revenue is not sufficient to cover spending, it must borrow money, which increases the national debt. Record deficits have become the norm under this administration, because of a combination of factors: the economic downturn following 9/11, the war on terrorism, the Iraq war, and, perhaps most significant, the huge tax cuts in 2001 and 2003 that dramatically reduced revenue. The Office of Management and Budget recently estimated the deficit for fiscal year 2004 at $445 billion, adding $445 billion more to the national debt.

    When was the last time the debt ceiling was raised?
    It was last raised in May 2003 by a record $984 billion.

    Since Bush entered office in January 2001, the debt limit has been increased by more than $1.4 trillion.


    You still did not get it Numb Nuts. You were bragging on a huge money surplus when Clinton left office. Well guess what? Clinton don't spend the money. Congress spends money and during that time the republicans controlled both branches of government that pass spending and the budget. I never thought there was a huge surplus anyway but if there was at all, it was no thanks to Clinton.


  9. #48
    Join Date
    Oct 2001
    Location
    Waterford Michigan
    Posts
    2,668
    [QUOTE]Originally posted by James 3528
    Originally posted by johnl45
    Originally posted by James 3528
    And even if there was...you can thank the republicans
    O.K thanks Mr. Bush for giving this gift to our children.

    What causes the national debt to grow?

    perhaps most significant, the huge tax cuts in 2001 and 2003 that dramatically reduced revenue.
    [/B]
    [QUOTE]Originally posted by James 3528

    You still did not get it Numb Nuts. You were bragging on a huge money surplus when Clinton left office. Well guess what? Clinton don't spend the money. Congress spends money and during that time the republicans controlled both branches of government that pass spending and the budget. I never thought there was a huge surplus anyway but if there was at all, it was no thanks to Clinton.


    No, I got it completely Bush gives a supposed tax cut but has no money to pay for it. Like going to the Bank and using your bank card for a cash advance then your children get to repay it with lots of interest for your Big Banking buddies With Clintons surplus Big Banking buddies.weren't mankin any money and we can't have that Thanks Georgie for the tax cut. One thing for sure Clinton’s surplus was a hell of a lot more then Georgie boys when he leaves office in January.

  10. #49
    Join Date
    Feb 2002
    Posts
    5,773
    Yo Johnny boy, go take your tax cut and buy yourself a clue.



  11. #50
    Join Date
    Feb 2004
    Location
    SC
    Posts
    20,677
    No, I got it completely Bush gives a supposed tax cut but has no money to pay for it. Like going to the Bank and using your bank card for a cash advance then your children get to repay it with lots of interest for your Big Banking buddies With Clintons surplus Big Banking buddies.weren't mankin any money and we can't have that Thanks Georgie for the tax cut. One thing for sure Clinton’s surplus was a hell of a lot more then Georgie boys when he leaves office in January. [Posted by johnI45]

    ================================================== ==========

    Buckethead economics spoken above.

    johnI. You been playin' roundball on the 45 again?
    No reserve. No retreat. No regrets.

    For those who have fought for it, freedom has a sweetness the protected will never know.

    http://www.airwarvietnam.com/16thSOSGunners2.jpg

    Proud member of KA Club

  12. #51
    Join Date
    Jul 2001
    Location
    Buffalo N.Y.
    Posts
    1,571
    [QUOTE]Originally posted by johnl45
    [QUOTE]Originally posted by James 3528
    Originally posted by johnl45
    Originally posted by James 3528
    And even if there was...you can thank the republicans
    O.K thanks Mr. Bush for giving this gift to our children.

    What causes the national debt to grow?

    perhaps most significant, the huge tax cuts in 2001 and 2003 that dramatically reduced revenue.
    Originally posted by James 3528

    You still did not get it Numb Nuts. You were bragging on a huge money surplus when Clinton left office. Well guess what? Clinton don't spend the money. Congress spends money and during that time the republicans controlled both branches of government that pass spending and the budget. I never thought there was a huge surplus anyway but if there was at all, it was no thanks to Clinton.

    No, I got it completely Bush gives a supposed tax cut but has no money to pay for it. Like going to the Bank and using your bank card for a cash advance then your children get to repay it with lots of interest for your Big Banking buddies With Clintons surplus Big Banking buddies.weren't mankin any money and we can't have that Thanks Georgie for the tax cut. One thing for sure Clinton’s surplus was a hell of a lot more then Georgie boys when he leaves office in January. [/B]


    Here again john, your arguing a point which does not take into account all the particulates of what makes a deficit.

    One thing is for sure, and time and history will prove it.
    Taxing an economy to death will kill it.
    You cannot argue this cause because we are the reason for the ups and downs in our economy, we the people.
    For instance, who is going to pay for national healthcare? you?
    Who is going to pay for security? you?
    Who is going to pay for environmental concerns? you?
    Who is going to pay?
    Every cause cannot be taken care of without running much larger deficits. It's just a shame that Bush doesn't see things as you want.

  13. #52
    Join Date
    May 2003
    Location
    Dallas/Ft Worth, TX
    Posts
    439

    It's just a shame that Bush doesn't see things as you want.

    Thank GOD Bush doesn't.

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