"Let them eat cake"
Senior Member
Joined: Jun 2002
Posts: 14,544
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From: Holyoke, MA
:werd:
no we didn't I'm so sick of hearing this BS. our government has been in the red for decades. the "surplus" you are referring to is simply that the government was taking in more revenue per year than it spent. we were still in massive fucking debt and have been since the fifties.
no we didn't I'm so sick of hearing this BS. our government has been in the red for decades. the "surplus" you are referring to is simply that the government was taking in more revenue per year than it spent. we were still in massive fucking debt and have been since the fifties.
actually yeah i knew it only meant we took in more money then spending. but according to the clintons "plan" they had for budgeting, we would have been out of debt by 2012. read it in a book somewhere. can't find the book at all now. its lost to time.
but this plan was before 9/11. that wopuld have fucked it any which way.
:3
Joined: Aug 2005
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From: BFE
actually yeah i knew it only meant we took in more money then spending. but according to the clintons "plan" they had for budgeting, we would have been out of debt by 2012. read it in a book somewhere. can't find the book at all now. its lost to time.
but this plan was before 9/11. that wopuld have fucked it any which way.
but this plan was before 9/11. that wopuld have fucked it any which way.
Thread Starter
un-Touch'd krew
Joined: May 2001
Posts: 51,774
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From: My own level of hell
you are correct. it was projected that if it continued on the same path the deficit would have ended in 2012. but as you noted projections=/=reality. even without 9/11 the dot com bubble had begun to burst in '99 and the housing market was already getting inflated. Clinton had a very admirable goal and he set about to achieve it. I just have some contentions with how he planned to do it. but that's a discussion for another time.
Can't forget his "credit for everyone" plan...that got us a long ways as we can see
__________________
"I'll keep my money, guns and freedom. You can keep the "Change."
"I'll keep my money, guns and freedom. You can keep the "Change."
:3
Joined: Aug 2005
Posts: 7,713
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From: BFE
He cut a lot of necessary spending to achieve his goal...look what he did with military spending which should be an ongoing thing just in case and not cut as drastically as it was. He also avoided situations regarding military so they wouldn't have an excuse to add to their budget and ignoring those problems partially led up to the state we are in now.
Can't forget his "credit for everyone" plan...that got us a long ways as we can see
Can't forget his "credit for everyone" plan...that got us a long ways as we can see
Thread Starter
un-Touch'd krew
Joined: May 2001
Posts: 51,774
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From: My own level of hell
The current crisis we are in has been building up for a couple decades now so it would be unfair to blame a single president, but the economists have been steadily pointing out the signs only to get shuffled off in exchange for partisan politics bullshit.
__________________
"I'll keep my money, guns and freedom. You can keep the "Change."
"I'll keep my money, guns and freedom. You can keep the "Change."
Sharkbait OOHAHA!
Joined: Sep 2004
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From: Held hostage :o
Stimulus Bill fails => Government Bankruptcy => International Bankers take over => Massive anarchy => 2012 :yay:
I'm very worried about the flooding of money into the system. The larger the supply of anything makes its value drop. Remember the Nazi plan in WWII to produce counterfeit money to flood the English and American economies to cause them to crash?
I'm very worried about the flooding of money into the system. The larger the supply of anything makes its value drop. Remember the Nazi plan in WWII to produce counterfeit money to flood the English and American economies to cause them to crash?
scrotal surge
Joined: Oct 2005
Posts: 15,460
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From: Cali
Not sure I follow your logic but if you are referring to how national debt is accrued it is basically debt of our nations that is brought about by loans from various sources and many times extended trade agreements. These are standing debts that can be bought by anyone with the money, currently China holds the better portion of our debt in their hands and if they saw fit they could call it in at will. They haven't because if they bankrupt our economy theirs follows suit and so on.
National debt is a very real concern and cashing in on our childrens futures is not the way to go about resolving our financial problems. It has been proven several times over that throwing money around like this does nothing to stabilize the economy, this is nothing more than a band aid that will fail miserably and cause decades of grief.
I don't know about you but when I get to be 65 I don't want to have to rely on my kids to pay my way because SS or my retirement plan isn't there.
National debt is a very real concern and cashing in on our childrens futures is not the way to go about resolving our financial problems. It has been proven several times over that throwing money around like this does nothing to stabilize the economy, this is nothing more than a band aid that will fail miserably and cause decades of grief.
I don't know about you but when I get to be 65 I don't want to have to rely on my kids to pay my way because SS or my retirement plan isn't there.
it's my D in a B
Joined: Aug 2001
Posts: 24,787
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From: Your Mom's House
I absolutely believe it could have been done better, but I don't buy the tax cut mentality most reps in congress support. Folks like us (in CO) have a lot to gain with the building of energy infrastructure... we're on the cutting edge of wind technology and we've got plenty of sun 
I think most of the bill will turn out pretty useless, and I think it would've been good to add some sort of "how we're going to turn this around in a few years and make back the insane money this costs" provision.
Waiting it out crew :hsd:
I think most of the bill will turn out pretty useless, and I think it would've been good to add some sort of "how we're going to turn this around in a few years and make back the insane money this costs" provision.Waiting it out crew :hsd: