Re: Holy budget deficit, Batman


"Chas" <chasna2@xxxxxxxxxxxxx> wrote in message
news:47nu51tgu48fe49vhd6odrub5cg06qlavb@xxxxxxxxxx
>
> Go to the Bureau of the Public Debt, online, and you can see the
> figures for National Debt totals for every year of the Clinton
> administration. You will find that the Public Debt went up every
> single year of the Clinton administration.

http://www.publicdebt.treas.gov/opd/opdpdodt.htm

This is from YOUR source. Please note column labelled "Dept Held
by Public" (otherwise known as the public debt). From 1997
(B.J. Clinton) until 2001 (Pinocchio Bush), the dept to the public
was decreasing though total debt _was_ rising (SS trust fund).
I do not pretend to know why the total debt increased between
2000 and 2001 and I was under the impression that there was a
slight decrease. But let's not quibble: Let's look at the deltas:

change in total debt at start of

98 - 113B
99 - 130B
00 - 18B
01 - 133B
02 - 421B
03 - 555B
04 - 596B

obviously 18 is not zero, but it is pretty close by comparison.

change in public debt at start of

98 - (56)
99 - (97)
00 - (231)
01 - (66) less and less each year. then:
02 - +214
03 - 371
04 - 383

The point is that the Clinton administration's policies were reducing the
debt and Pinnochio's policies are bankrupting the US government.
This bankruptcy and a depression are the goal of the far right
Pinnochio administration.


> On Thu, 14 Apr 2005 17:27:31 -0700, "The Trucker" <mikcob@xxxxxxxxxxx>
> wrote:
>
>>
>>"Chas" <chasna2@xxxxxxxxxxxxx> wrote in message
>>news:s06s51dfmvp74h45cl0alefck615p7sv46@xxxxxxxxxx
>>>
>>> Bush may be the darling of the rich, but I wonder what Clinton's phony
>>> surpluses made him the darling of? In other words, Clinton marketed
>>> phony data showing surpluses for whose benefit?
>>
>>I would be interested in the basis of these charges of "phony data". I am
>>quite serious in this request.
>>
>


.

Relevant Pages

  • Henry George on Public and Private Debt
    ... In favor of public debt jubilee and against state enforcement of private ... Yet the world-wide proclamation of a Jewish jubilee would at the blast of a trumpet sweep away this whole vast mass of indebtedness without the lessening by a single iota the wealth of the world. ... preparations for war. ...
    (sci.econ)
  • Official Debt and Public Debt
    ... Official Debt and Public Debt ... on whether it is accounted for on-budget or off-budget. ... spending, including interest paid on the debt, is on-budget. ...
    (sci.econ)
  • Re: U.S. national debt - Clinton did NOT balance the budget)
    ... Clinton did not have a balanced budget. ... makes up the national debt. ... The public debt is debt held by the public, ...
    (misc.survivalism)
  • Re: OT: Miguel you might like this
    ... Are the basic details on how the Federal reserve was created correct? ... The Treasury issues public debt, ...
    (rec.music.classical.guitar)
  • Re: The Skies over Mordor Are a Little Less Dark Today
    ... will become public debt. ... The problem with this is that DEBT is what MONEY is. ... So, if we repudiate debt, we repudiate MONEY, which leads to a vicious ...
    (rec.martial-arts)