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Thread: The Myth of the Clinton Surplus

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    The Myth of the Clinton Surplus

    http://www.lewrockwell.com/blog/lewr...es/127138.html

    http://www.craigsteiner.us/articles/16

    http://www.craigsteiner.us/articles/30

    Oh shit... that TRUTH.

    ITT: XYN rages and calls it all lies. Neocons masturbate. Libertarians say "duh."



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    We already knew about this a while back. The fact is we had a surplus. There is no myth. We can choose to pay down debt or the treasury can spend it on anything it wants. The fact is we had the largest surplus in history. They did pay some debt during that time. Interest accrued. So i guess you can say the debt accumulated very slowly rather than as fast as it would without paying some of it. My name is Trackstar and I'm a fucking tard. Waaaaah

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    Quote Originally Posted by XYNaPSE View Post
    We already knew about this a while back. The fact is we had a surplus. There is no myth.
    http://www.treasurydirect.gov/govt/r...ebt_histo4.htm

    yeah, we had a couple hundred billion in surplus.....to apply to a 5.6 trillion dollar national debt in 1999. that would've gotten us FUCKING NOWHERE.

    Quote Originally Posted by XYNaPSE View Post
    Things aren't getting better. Things are maintaining and barely at that. We had a tough climb back up from the recession and the recovery has been dismal at best. We'll probably have another recession soon.

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    Quote Originally Posted by XYNaPSE View Post
    We already knew about this a while back. The fact is we had a surplus. There is no myth. We can choose to pay down debt or the treasury can spend it on anything it wants. The fact is we had the largest surplus in history. They did pay some debt during that time. Interest accrued. So i guess you can say the debt accumulated very slowly rather than as fast as it would without paying some of it. My name is Trackstar and I'm a fucking tard. Waaaaah

    So tell me Xynapse, what was Al Gore talking about when he suggested Social Security surpluses should be kept in a "lock box" during the 2000 Election?
    ############################################

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    Quote Originally Posted by Josh View Post
    http://www.treasurydirect.gov/govt/r...ebt_histo4.htm

    yeah, we had a couple hundred billion in surplus.....to apply to a 5.6 trillion dollar national debt in 1999. that would've gotten us FUCKING NOWHERE.

    You're joking right? $200 billion x 5 is $1 trillion. Hell you could even half it and spend the rest on infrastructure without having to take on more debt. Regardless it was the biggest surplus in history and we can achieve another historical surplus. You guys are just a bunch of Debbie Downers and Negative Nancy's. Waaaaaaaaaaaaaaaah! You lost. get over it.

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    Quote Originally Posted by Political_Man View Post
    So tell me Xynapse, what was Al Gore talking about when he suggested Social Security surpluses should be kept in a "lock box" during the 2000 Election?
    Probably something along the lines of not having Treasury spending touch the surplus, hence lockbox. What's your take? I know you have one sneaky snake.

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    WTH would you spend anything on "infrastructure", that's just commiegovernmentspeak for "more government and payback for union support"

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    Quote Originally Posted by XYNaPSE View Post
    You're joking right? $200 billion x 5 is $1 trillion. Hell you could even half it and spend the rest on infrastructure without having to take on more debt. Regardless it was the biggest surplus in history and we can achieve another historical surplus. You guys are just a bunch of Debbie Downers and Negative Nancy's. Waaaaaaaaaaaaaaaah! You lost. get over it.
    let's put this in simple mathematical terms....

    $246.5 billion in borrowing - $230 billion in surplus = $16.5B actual deficit when clinton left office. no?

    here's another fact: the national debt did not go down at any point during the clinton presidency.

    shut. the. fuck. up. everyone's sick of your liberal lies.
    Quote Originally Posted by XYNaPSE View Post
    Things aren't getting better. Things are maintaining and barely at that. We had a tough climb back up from the recession and the recovery has been dismal at best. We'll probably have another recession soon.

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    I like how every conversation involving XYN that has nothing to do with the election involves him saying some shit about "You lost! Get over it!" Even when the people he is saying it to weren't Romney supporters.



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    Quote Originally Posted by Josh View Post
    let's put this in simple mathematical terms....

    $246.5 billion in borrowing - $230 billion in surplus = $16.5B actual deficit when clinton left office. no?

    here's another fact: the national debt did not go down at any point during the clinton presidency.

    shut. the. fuck. up. everyone's sick of your liberal lies.
    Dude get a fucking clue will ya? We had a surplus. Duuuuuurrrrrrr. The debt was being paid down. Duuuuuuuurrrrrrr.. Interest accrued. Duuuuurrrrrr. Eventually if things continued the debt would have been paid off mostly by now as with inflation the surplus would have grown as the economy has grown, even though we had a recession. The GDP is $over 15 trillion and approaching $16 trillion. Get a fucking clue you dumb ASS.

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    So we went on a path of prosperity - to lowering taxes, increasing spending and fighting two wars in the first 4 years after Clinton. The deregulation of banking and lending led to the giant financial collapse. That's how we got into the position we are in today.

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    Quote Originally Posted by XYNaPSE View Post
    Dude get a fucking clue will ya? We had a surplus. Duuuuuurrrrrrr. The debt was being paid down. Duuuuuuuurrrrrrr.. Interest accrued. Duuuuurrrrrr. Eventually if things continued the debt would have been paid off mostly by now as with inflation the surplus would have grown as the economy has grown, even though we had a recession. The GDP is 15 trillion and approaching $16 trillion. Get a fucking clue you dumb ASS.
    The debt was not being paid down. all i have to do is look at this chart to know that: http://www.treasurydirect.gov/govt/r...ebt_histo4.htm

    09/30/1999 5,656,270,901,615.43
    09/30/1998 5,526,193,008,897.62
    09/30/1997 5,413,146,011,397.34
    09/30/1996 5,224,810,939,135.73
    09/29/1995 4,973,982,900,709.39
    09/30/1994 4,692,749,910,013.32
    09/30/1993 4,411,488,883,139.38
    09/30/1992 4,064,620,655,521.66

    The national debt under clinton NEVER decreased by a dime! Liar! You don't have a surplus when you have a ballooning national debt. Moron.
    Last edited by Josh; 11-28-2012 at 08:11 AM.
    Quote Originally Posted by XYNaPSE View Post
    Things aren't getting better. Things are maintaining and barely at that. We had a tough climb back up from the recession and the recovery has been dismal at best. We'll probably have another recession soon.

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    hey xyp...

    Right now I live pay check to paycheck (like more than half of america http://www.reuters.com/article/2012/...88I1BE20120919)

    so technically on payday before I pay one bill I have a surplus...

    See what I did there ....

    You cant have any surplus if you have debt... So were we "on a path" as you say??? maybe...

    But to state we were prospering or in a surplus, is a dam lie, because we still had 5 trillion in outstanding debt...




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    For the fiscal year of 1998 the country reached a balanced budget for the first time since 1969. 4 consecutive balance budgets that had not been seen since the 1920's and 30's. I am sorry you don't want to understand. Debt held by the public was paid down $453 billion while total debt jumped $400 billion. The fact that the debt increased during those time periods does not negate the fact that we paid debt. If you would actually look at the monthly charts instead of yearly you would see that it was being paid down and then the debt would jump back up in the following months to be paid down again. I am sorry that you're too bigoted and brainwashed to want to try and understand.

    http://www.econstats.com/r/rusg__m1.htm

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    Quote Originally Posted by kapone View Post
    But to state we were prospering or in a surplus, is a dam lie, because we still had 5 trillion in outstanding debt...
    No lie. We had a booming economy, low unemployment and a balanced budget that hadn't been seen in 30 years. No war. 4 consecutive balanced budgets that hadn't been seen since the 30's. 5 trillion in outstanding debt is not bad when the GDP is $11 trillion. Today is bad where we are at near 100% of GDP.
    Last edited by XYNaPSE; 11-30-2012 at 08:06 AM.

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    Quote Originally Posted by XYNaPSE View Post
    I am sorry that you're too bigoted and brainwashed to want to try and understand.
    Simple math is now bigoted if its in direct contradiction of your liberal talking points. LOL

    09/30/1999 5,656,270,901,615.43
    09/30/1998 5,526,193,008,897.62
    09/30/1997 5,413,146,011,397.34
    09/30/1996 5,224,810,939,135.73
    09/29/1995 4,973,982,900,709.39
    09/30/1994 4,692,749,910,013.32
    09/30/1993 4,411,488,883,139.38
    09/30/1992 4,064,620,655,521.66

    The 230 billion in surplus can't even be considered as anything more significant than a rounding error during that time. yeah, great we had 230 billion....against a rising national debt that against which the surplus is wholly consumed.

    Is it any wonder no one takes you seriously....like ever?
    Last edited by Josh; 11-30-2012 at 08:36 AM.
    Quote Originally Posted by XYNaPSE View Post
    Things aren't getting better. Things are maintaining and barely at that. We had a tough climb back up from the recession and the recovery has been dismal at best. We'll probably have another recession soon.

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    Quote Originally Posted by XYNaPSE View Post
    Probably something along the lines of not having Treasury spending touch the surplus, hence lockbox. What's your take? I know you have one sneaky snake.
    My point (and Gore's by default) was that the the budget was "balanced" because of the surplus in Social Security, a Social Security surplus we are not likely to see again for a very long time.
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    Quote Originally Posted by Political_Man View Post
    My point (and Gore's by default) was that the the budget was "balanced" because of the surplus in Social Security, a Social Security surplus we are not likely to see again for a very long time.
    lol and where is your data to back that up? Oh you don't have any data. Social Security will be fine and be able to cover 100% of the beneficiaries until 2020 something. Then it will have enough to cover around 75% of beneficiaries. Regardless there are steps that can be taken to where that doesn't happen. Also, you're wrong. Even if you took away the SS surplus there still would have been a budget surplus.

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    Quote Originally Posted by Josh View Post
    Simple math is now bigoted if its in direct contradiction of your liberal talking points. LOL

    09/30/1999 5,656,270,901,615.43
    09/30/1998 5,526,193,008,897.62
    09/30/1997 5,413,146,011,397.34
    09/30/1996 5,224,810,939,135.73
    09/29/1995 4,973,982,900,709.39
    09/30/1994 4,692,749,910,013.32
    09/30/1993 4,411,488,883,139.38
    09/30/1992 4,064,620,655,521.66

    The 230 billion in surplus can't even be considered as anything more significant than a rounding error during that time. yeah, great we had 230 billion....against a rising national debt that against which the surplus is wholly consumed.

    Is it any wonder no one takes you seriously....like ever?
    Bigoted and brainwashed.

    2000.12 5662216 na na
    2000.11 5709699 na na
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    2000.09 5674178 3405303 2268874
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    1999.11 5702010 na na
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    1999.09 5656270 3636104 2020166
    1999.08 5672386 na na
    1999.07 5638655 na na
    1999.06 5638780 na na

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