@cappercastro the debt did not go down. inflation has nothing to do with this at all. every year they report the deficit for that year and every year it went up. this info comes from the US treasury department at treasury-direct.
@jschmidt0676 Actually deficit/surplus are terms relating to a budget, those figures are total debt.
You need a common reference point, i.e. 1990 dollars; as $1 in 1913 isn't = to $1 in 2001 Because of the time value of money, it's the very essence of capitalism.
Your figures don't compare apples to apples, if you made $800/w in 1950 and I make $1000/w today, I'm not really making more then you did.
treasurydirect.gov has all the facts you may need on how the national debt in calculated every year. please stop emailing me as well please. ive sent my final reply. Im not angry i just have had this same conversation alot over bill clinton on his wiki page. PolitiFact has one on this as well.
Clinton didn't leave a surplus but a $1.4 trillion debt over eight years. He borrowed from Social Security, part of a $115 Trillion unfunded liability, to make it seem he left a surplus. See my about me for links.
"Bill Clinton (democrat) was certainly better with the budget than the Bush's (both Republicans)."
That is a quote from this video which you are claiming is designed to make democrats look bad. Clearly Clinton was better than anyone since him has been with the budget as this video makes clear.
Do people actually believe this BS. What kind of deficit did Bush leave Obama? Even if it were 30 Billion it would be Billions less then it was with Bush. So who spent the SS surplus? Now they say SS is going to go broke in 20 years who caused that. If your going to put BS like this on put it all on not just what makes you look good or the democrat pary bad.
TARP passed after G.W.B, both major parties, both houses of congress and Presidential candidate Barry Obama all shilled for their Wall St puppet masters. The Federal government is a banana republic, literally, but there are some signs we the people may still have some of hope of taking it back.
Wasn't T.A.R.P. passed under George W. Bush? We need to work towards breaking the left/right paradigm. It is like choosing Coke or Pepsi, but at the end of the day, they are both cola.
You just said Bill Clinton lied about the surplus yet at 2:30 you use that very same chart.
FortNikitaBullion 2 months ago
Clinton also got a lot of fake tax revenue from the Dot-Com bubble.
FortNikitaBullion 2 months ago
According to the treasury the national debt still continued to rise in 1999:
Date Dollar Amount
09/30/2001 5,807,463,412,200.06
09/30/2000 5,674,178,209,886.86
09/30/1999 5,656,270,901,615.43
09/30/1998 5,526,193,008,897.62
...
There NEVER was a debt reduction in any Clinton year. The US LOST money every Clinton year.
scepticsteve 4 months ago
Hey, 1.9 Billion is not a big surplus, but it's better than loosing money.
MenwithHill 5 months ago
Surplus vs Deficit
centenosparky 7 months ago
The only part of your video I object with; is that idea that somehow Clinton manipulated the books.
While not putting any SS surplus into actually assets is stupid, that was the case since its inception; Clinton didn't change anything in this regard.
cappercastro 10 months ago
there was no surplus, Bill rose the national debt every year.
09/30/2000 5,674,178,209,886.86
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
jschmidt0676 11 months ago
@jschmidt0676 FYI the national debt actually decreased in 1999-2000 as inflation must be factored in.
cappercastro 10 months ago
@cappercastro the debt did not go down. inflation has nothing to do with this at all. every year they report the deficit for that year and every year it went up. this info comes from the US treasury department at treasury-direct.
jschmidt0676 9 months ago
@jschmidt0676 Actually deficit/surplus are terms relating to a budget, those figures are total debt.
You need a common reference point, i.e. 1990 dollars; as $1 in 1913 isn't = to $1 in 2001 Because of the time value of money, it's the very essence of capitalism.
Your figures don't compare apples to apples, if you made $800/w in 1950 and I make $1000/w today, I'm not really making more then you did.
cappercastro 9 months ago
treasurydirect.gov has all the facts you may need on how the national debt in calculated every year. please stop emailing me as well please. ive sent my final reply. Im not angry i just have had this same conversation alot over bill clinton on his wiki page. PolitiFact has one on this as well.
jschmidt0676 9 months ago
Clinton didn't leave a surplus but a $1.4 trillion debt over eight years. He borrowed from Social Security, part of a $115 Trillion unfunded liability, to make it seem he left a surplus. See my about me for links.
.
Allen West 2012
Nerocification 1 year ago
"Bill Clinton (democrat) was certainly better with the budget than the Bush's (both Republicans)."
That is a quote from this video which you are claiming is designed to make democrats look bad. Clearly Clinton was better than anyone since him has been with the budget as this video makes clear.
MaineWebNews 1 year ago
Do people actually believe this BS. What kind of deficit did Bush leave Obama? Even if it were 30 Billion it would be Billions less then it was with Bush. So who spent the SS surplus? Now they say SS is going to go broke in 20 years who caused that. If your going to put BS like this on put it all on not just what makes you look good or the democrat pary bad.
tomhabs 1 year ago
Good post
PatrickWJ 1 year ago
TARP passed after G.W.B, both major parties, both houses of congress and Presidential candidate Barry Obama all shilled for their Wall St puppet masters. The Federal government is a banana republic, literally, but there are some signs we the people may still have some of hope of taking it back.
awake04101 1 year ago
Wasn't T.A.R.P. passed under George W. Bush? We need to work towards breaking the left/right paradigm. It is like choosing Coke or Pepsi, but at the end of the day, they are both cola.
Cicero207 1 year ago