Does this tell you why we don't need republicans in the hot seat!!!!

No it doesn't!

Charlie

No, Doug. It does, however, clearly indicate that, under Clinton, you and I and every other tax paying citizen had more of our hard earned money confiscated by the government than was needed. Is that what you want? And how can you ignore the spending by Congress during those periods, and which party was in control of congress?

it is unfortunate that 9 months after bush came into office that terrorist flew 2 planes into the twin towers createing the stock market to close down for a record 5 days and cretae losses of over 50,000 jobs iin one day. that lead to people being scared to travel leading hotels and airlines to go bankrupt and the federal governtment bailing out thousand among thosands of jobs. the stock market then lost 30% of its total worth, and incase you havent noticed we have been have this thing called "war on terrorism" which costs us close to 1 billion day......on top of the fact that "our president" feels that not all of the beuracratic fools in washington should keep all our hard eanred money so he proposed one of the biggest tax cuts in history... see having a surplus means you have taken too much from the people.....hmmmmm i wonder why we are in a bit more debt.....stupidity sickens me! do your homework before you start talkin **** about things you obviously know nothing about!

The economy is the only thing that the Democrats have to rave about and it is in part due to the events of 9/11 and the War on Terror!

Charlie

The economy and the budget are intertwined yes. But they are still 2 seperate issues. I think it would have been smarter to keep the surplus and cut taxes. I said so at the time. Okay, we have unforseen expenditures. Homeland security is going to soak up dollars like a skid row drunk soaks up Ripple! Defense spending will increase, sure. But knowing all that, running a budget in the red, why cut more taxes? I'm going over ground from another thread, I know. But it's just fun to rehash this stuff! Will the budget be balanced once Saddam is in exile in .....France(they seem to like him)? It remains to be seen.

I dont give Clinton credit for the excess anymore then I give Bush the blame for the deficit. The markets were tanking before Bush took office not because of anything the Clinton adminastration did but because it was way overvalued and folks started to wise up to that fact. I judge the president's performance by what he does with the situation at hand. With Clinton, the markets were mostly good, the GDP was up and the value of the govt's assets were higher. Was a good time to pay off debt and cut taxes were possable. (He paid off some debt, did'nt do much on the tax front). This Adminastration has been unlucky enough to have the 9/11 tragedy and the corporate scandals hit the fan at about the same time. Right now the markets are down, the GDP is down and the govt's assests are lower, good time to reduce spending and leave taxes alone. Sad to say, Bush is spending at an alarming rate and trying to reduce taxes at the same time. I will however reserve judgement until the end of his term. I don;t judge politicians on what they promise but on what they deliver.

lets see that same chart as a % of GDP (which is the real indicator), and you will see that this is just a modest deficit year, and in the long run will increase government revenue by increasing the overall economy.

The economy was going into the toilet before Clinton got out from under the desk. No matter who has been in office the last two years, with all that has happened, it wouldn't have mattered. I'm surprised that you are on this site. Obviously you are one that thinks smoking should be banned from all public places.

How come, every blames the President for the economy? He has nothing to do with it. Oh wait, its easier to blame one person than to accept the fact that our economy cycle has ups and downs regardless of whom our President is.

Also, a budget deficit means the government is returning more money into the marketplace than it is taking away from us.

If we have a surplus, the government isn't spending all the money that they take from us.

Basic Economics

Doug might need to do his home work but you need to practice your spelling and proper word choice. Didn't you say that "stupidity sickens you"? I guess you sicken yourself then...because you came accross as a pompas ass who doesn't know how to speak the language.

doug_omaha

welcome to my world,
won't you come on in.
miracles i guess,
still happen now and then.


you are being and will continue to be personally smeared, speared and roasted personally because you are in never never land.

never say anything that might be construed as trying to help any one or group. that is defined as "bleeding heart liberal"

never say anything negative about the idiot in the white house. that is defined as "a clinton or gore lover", these two people being the only ones accepted by the bush lovers as viable alternatives to bush's presidency.

you are now a pariah.

or as ashcroft and o'rielly and limbaugh would say, unamerican and bordering on treasonous.

sit down and have a beer, let's talk.

Skatty, you're not following your own thread. If the government is spending more than they are taking, they will eventually have to take more to make it up. If they are spending less than they are taking, that is tax cut time. Maybe that goes against basic economics, but it seems like basic common sense.

aren't you suppossed to pay off the debt first to save intrest?

Bring back Jennifer Flowers!

Ele did you know Jennifer got a nose job after taking Billy to court???

LMAO

yea the Statler Bro... don't matter Billy had her last LMAO!!

Hog

As DeathRay mentioned. The best measure of economy is the GDP. Gross Domestic Product is made up of the sum of Consumer Spending, Business Spending, Government Spending, and Foriegn Spending.

When recession comes about, Consumer Spending declines. Business Spending can't increase if consumers aren't spending. Therefore (ignoring Foriegn spending) the Government has to pick up the slack. Budget Deficit is stimulating to the economy. It puts more money back into the stream of commmerce.

One of the major causes for our current recession was the period of budget surplus.

I'm not preaching "Republican, Republican" I'm just trying to straighten out the many misconstrued facts about deficit and surplus. I know it seems strange at first, but thats the way it is.

All I noticed is that doug left a bomb here and then ranaway... I guess he cant reply to truthfull facts
He probably thinks were harrassing Iraq for their oil too
he must get his flawed information from the hollywood brain trust
Susan Sarandon for sec of state
Alex Baldwin for President
yeah he'd like that

I understand the line of reasoning. It seems to me a fancy way of justifying deficit spending. Deficit spending increased from Reagan through Bush1. 12 years of economic sucess by your measure? I don't believe that good economic times are the cause of bad economic times. I understand the Laffer curve. Nobody really understands WHAT causes the curve to swing. Too many variables. Some guys a few years ago formulated a math. thoerem to predict stock market shifts. It worked for a while, they made lots of money. Then it failed to work. They lost it all. I understand Gov. spending will swing up and down. With all the smart guys in DC, I would think they could stay closer to equilibrium.