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Cut now or pay later

March 9, 2013

The doom and gloom panic over the upcoming sequester budget cuts is almost humorous....

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(89)

WKnapp

Mar-11-13 6:28 PM

JerryfromRI

Mar-10-13 6:34 AM

At some point during the Clinton presidency more federal tax was collected then was spent. The national debt clock ran backwards. This is an easy to verify fact.

OK! So it's "easy to verify" and "a fact". Verify from a reliable source, showing where and when the 'surplus' was applied to the national debt. (You can't, because it was a ruse, a bookkeeping trick, not real money.)

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JerryfromRI

Mar-11-13 5:47 PM

@Bobbie2

"What say we settle this on the runway... Han-Solo? " --Derek Zoolander

FYI - for future reference the proper response is "Are you challenging me to a walk-off... Boo-Lander?"

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JerryfromRI

Mar-11-13 5:44 PM

@Bobbie2

"Ole Jerr the liberal dolt"

I hope you know that I get great amusement from your name calling. Firstly, you're usually somewhat creative with it. It would be pretty boring to read the same rehashed slurs over and over. Secondly, like a poker players tell, you name call when you've you've been bested. Lastly, a five word insult-combo is impressive indeed and rare for sure.

What else have you got? You've yet to speculate about my personal hygiene, my mother's shoe type or whether if when I sit around the house, I sit AROUND the house.

Bring it BobbieO, you amuse me.

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JerryfromRI

Mar-11-13 5:30 PM

@Bobbie2

What list is that BobbieO?

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wwhickok

Mar-11-13 11:56 AM

There is a problematic yet simple solution to the 'spending problem.

Freeze this: Fed Spending: $3,820,000,000,000 (Trillion); Disallow 100% of spending for an entire year. In that year, develop a plan to cut that # in half. Find cheaper ways to do things. The rest of the economy is trying find energy efficient/cost friendly methods of conducting business/developing new products, it's about darn time the government does the same.

Again, I DID say problematic..I can only imagine the ripple effects of spending $0 in an entire year. The welfare people would be screwed.

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JerryfromRI

Mar-11-13 7:19 AM

@Bobbie2

"What say we settle this on the runway... Han-Solo? " --Derek Zoolander

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Bufftrev1

Mar-10-13 6:39 PM

Concede, vagabond..

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JerryfromRI

Mar-10-13 4:00 PM

@Bobbie2

"What they want is for me to truly take on the role they designed for me. The symbol of revolution." --Katniss Everdeen"

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Bufftrev1

Mar-10-13 9:33 AM

Sorry.. all take, no give? How conservative of you! Christ like, I might add.. good day, sir.

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Bufftrev1

Mar-10-13 9:32 AM

Hi texas.. whyever not, mi amigo? Does that mean you only want the other side to give? All take on on

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Premier

Mar-10-13 8:19 AM

Hey Jerry, here are the debt by years.

92- 4.0 Trillion 93- 4.4 94- 4.6 95- 4.9 96- 5.2 97- 5.4 98- 5.5 99- 5.65 00- 5.67 So when did this clock run "backwards"? Where are the surpluses? This was all a card trick and the American people bought it.

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Premier

Mar-10-13 8:05 AM

Buff:"Hi premier.. yet another deep and profound thought from you, sir.."

And this was such an awe inspiring piece of "deep and profound thought" from such an intellectual thinker.

I wrote your words on my office white board for future reference during my times of want and woe.

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JerryfromRI

Mar-10-13 7:56 AM

google "debt clock runs backward"

Evidently we are living in two different realities. Frankly, I was unaware the budget surpluses of the Clinton years were the subject of conspiracy theory.

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Ritty77

Mar-10-13 7:30 AM

"At some point during the Clinton presidency more federal tax was collected then was spent. The national debt clock ran backwards. This is an easy to verify fact."

The national debt clock hasn't "ran backwards" since 1957. The national debt has grown every year since then, according to treasurydirect(dot)gov. Clinton and Gingrich manipulated the Social Security IOU numbers to make the individual years look like surpluses.

Having said that, the numbers were sure a lot better then, so I am for returning to the Clinton-era levels of taxes AND spending.

History shows that whatever the tax rates, the Feds collect about 20% of GDP. We need to get back spending back to that level.

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ToTEXASfromPA

Mar-10-13 7:30 AM

Jerry, it is like you borrowing money from your kids' savings accounts and your relatives and you tell them that you will pay them back. It may not show up in your budget but it is a future obligation that you have picked up.

When you do your "easily verifiable", what words are you googling? What sources are you going to?

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ToTEXASfromPA

Mar-10-13 7:28 AM

JerryFromRI,

"How Clinton managed to claim a surplus was that while the general operating budgets ran deficits but Clinton borrowed from numerous off budget funds to make the on budget fund a surplus. For example, in 2000, Clinton claimed a $230B surplus, but Clinton borrowed $152.3B from Social Security $30.9B from Civil Service Retirement Fund $18.5B from Federal Supplementary Medical insurance Trust Fund $15.0B from Federal Hospital Insurance Trust Fund $9.0B from the Federal Unemployment Trust Fund $8.2B from Military Retirement Fund $3.8B from Transportation Trust Funds $1.8B from Employee Life Insurance & Retirement fund $7.0B from others Total borrowed from off budget funds $246.5B, meaning that his $230B surplus is actually a $16.5B deficit. ($246.5B borrowed - $230B claimed surplus = $16.5B actual deficit)."

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ToTEXASfromPA

Mar-10-13 7:15 AM

BuffTrev1,

No.

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Bufftrev1

Mar-10-13 6:39 AM

Hi premier.. yet another deep and profound thought from you, sir..

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JerryfromRI

Mar-10-13 6:34 AM

When I was a boy I delivered newspapers and there was an old man on my route who hoarded the newspapers. He always came across as kind of nutty and he always told me that he had to change the newspapers to prove how things really happened because they're always trying to change it.

I never imagined that THAT guy was right but it is absolutely so.

At some point during the Clinton presidency more federal tax was collected then was spent. The national debt clock ran backwards. This is an easy to verify fact.

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WKnapp

Mar-10-13 12:01 AM

JerryfromRI

Mar-09-13 8:35 PM

@WKnapp

I'm not sure which I fear most, that you are purposing lying for purposes unknown or that you actually believe what you say. Regardless, there is little point in debating with you.

Not looking for debate, just trying desperately to make sure the truth is told about the Clinton years, not the lies of his deluded apologists. As my question, which you completely ignored, asked, "If those alleged 'budget surplusses' were real, why were they not applied to the national debt?" My answer is that you can't pay on a real debt with imaginary, theoretical money.

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Premier

Mar-09-13 11:01 PM

Buff, stop the child like tatums. If the Dems held the house with a repub in the white house what do you think they would do? Grow up.

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Bufftrev1

Mar-09-13 10:33 PM

Hola texas.. apparently you haven't heard.. house republicans passed a bill this week that restores virtually all the funding for their pet projects, while leaving out the funding for programs democrats support. Obsequious? Indeed, sir.. you still haven't responded to my compromise offer, or if you have, I missed it.. I'm willing to broach the subject you cited at next months county level meeting, and will forward you the minutes.. are you willing to reciprocate?

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ToTEXASfromPA

Mar-09-13 9:53 PM

Bufftrev1,

Filibuster has been an accepted maneuver for over a couple of hundred years; we either keep it or eliminate it forever, not just a short time change or one time to favor one group over another. I have thought the same about the "line item veto".

Concerning attempts to vote to repeal ACA, I agree with periodic attempts. I do agree that the quantity that has occurred has probably been excessive.

Concerning the Republican ideas on sequestration, I don't think they wanted to dismiss it in favor of their pet projects. I think they proposed shifting savings around. If they convince people, fine; if not follow the law.

Your bargaining price three ideas for one; I'll pass. Let the administration look like idiots for shutting down White House tours.

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gavinf56

Mar-09-13 9:35 PM

When figured for inflation it still is, unless you count Reagan's 1983 tax increases, but his came 1 year after huge tax cuts which overshot their mark.

Oh, the days when budget deficits actually mattered.

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ToTEXASfromPA

Mar-09-13 9:32 PM

JerryfromRI,

Please google the Forbes article "What Happened to the $2.6 Trillion Social Security Trust Fund?"

I remember when they decided to put a big IOU in the SS trust Fund and I was outraged.

If so much money was in the fund, why was the President questioning whether recipients would be paid.

The last three presidents have overspent. They are all guilty.

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