Does anyone care about the debate tonight?

[buckman]

According to Obama 95% of Americans will get a tax break which means 40% will get a check in the mail. I can't see how he is going to close the deficit with that math.

[boot man]

Originally Posted by buckman

According to Obama 95% of Americans will get a tax break which means 40% will get a check in the mail. I can't see how he is going to close the deficit with that math.

What was the deficit that Bush inherited? What is it now?

What was the deficit Bush I left Slick Willie?

[wader-dad]

[QUOTE=boot man;629343]What was the deficit that Bush inherited? What is it now?

This is the total nation debt growth. Those are trillions. More shocking when you add all the zeros

1999 5,656,000,000,000
2000 5,674,000,000,000
2005 7,933,000,000,000
2007 9,008,000,000,000
2008 10,024,700,000,000--estimated= already broke the national debt clock when it hit 10 trillion.

I thought that Republicans are fiscal conservatives and do not run up big deficits.

The following is admittedly from a Bill Clinton website in 1999 but the contrast is astounding:


President Clinton: The United States on Track to Pay Off the Debt by End of the Decade

December 28, 2000

Today, President Clinton will announce that The United States is on course to eliminate its public debt within the next decade. The Administration also announced that we are projected to pay down $237 billion in debt in 2001. Due in part to a strong economy and the President’s commitment to fiscal discipline, the federal fiscal condition has improved for an unprecedented nine consecutive years. Based upon today’s new economic and budget projections for the coming 10 years from the Office of Management and Budget (OMB):

The United States can be debt-free this decade. By dedicating the entire budget surplus to debt reduction, The United States can eliminate its publicly held debt by FY 2009. The next Administration and Congress will need to decide what priorities to address: eliminate the public debt by FY 2010 and still use part of the surplus for responsible tax cuts, prescription drug benefits for Medicare recipients, and investments in key priorities like education and health care.
The national debt is projected to be paid down by $237 billion this year. Under the budget President Clinton and Congress completed two weeks ago, the U.S. is projected to pay down $237 billion of the national debt in FY 2001.
The 4 year total debt paydown will be $600 billion. Over the last three years, we have already paid down $363 billion in debt. Therefore, The United States is on track to reduce the debt by $600 billion over four years, the largest four-year debt pay-down ever.
Record deficits have become record surpluses. This Administration has have moved the country from a deficit of $290 billion in FY 1992 to an expected surplus of $256 billion in FY 2001. Eight years ago, the Congressional Budget Office projected a $513 billion deficit in FY 2001. Thus, the fiscal picture is now projected to improve by $769 billion in FY 2001 alone.
Nine consecutive years of fiscal improvement. FY 2001 will be the fourth year in a row of overall surpluses and the second year in a row of a surplus without counting Social Security or Medicare. It will be the ninth consecutive year of fiscal improvement, the longest such period in history



Yeah I am afraid of those insane big spending Democrats.

If not for the blow jobs, Gore would have won and we would not be in this disaster. Fuc-k You Bill Clinton its all your fault.

[spence]

Originally Posted by buckman

According to Obama 95% of Americans will get a tax break which means 40% will get a check in the mail. I can't see how he is going to close the deficit with that math.

Simple, if 95% of the people have more money they'll either:

1) Save it which will help solve our long-term credit addiction that's weakened our economy or

2) Spend it which will increase the revenues of businesses and increasing corporate tax revenues. With increased revenues business will be able to pay their employees more increasing individual tax revenues and invest for future growth.

Increased tax revenues can be used to pay down the defecit, assuming that spending is under control. This remains to be a giagantic problem regardless of who's in charge.

It's funny how for the GOP, more money in the pocket seems to be a good thing when it's the investor class, and a bad thing when it's the working class.

Trickle up and trickle down are not mutually exclusive.

-spence

[Nebe]

trickle up makes the rich nervous..

[Nebe]

[Bronko]

Originally Posted by Nebe

trickle up makes the rich nervous..

Trickle down makes the poor lazy.

[Nebe]

Originally Posted by Bronko

Trickle down makes the poor lazy.

sounds like you should vote for obama then...

[justplugit]

Originally Posted by buckman

According to Obama 95% of Americans will get a tax break.

Will that be before or after he rolls back the Bush tax cuts?

Three trillion $ in new spending programs, and only the top 5% are going to pay for them.
Believe that and i got a bridge to sell you in Brooklyn.

He better start taking magician's lessons.