U.S. NATIONAL DEBT

[DaVinci 0]

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How do you figure? The US is sliding towards bankruptcy while the communist system in China is just flying

China is doing well, and that is in part our own fault.

However, this is not the first time in history that people have claimed the US was going bankrupt.

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Is the best cause it is America and you have been told it is the best, or do you actually have something to back that statement?

It is the best since it works. Democracy while not perfect is better than Communism that honestly in a pure sense fails every time. Socialism has some good points, but again has its draw backs. Not saying that a Democracy is perfect. But the fact the US went from nothing to the most powerful in the world with no serious political up rising tells a vivid story.

You may not agree and thats fine. Most times very few people agree. Cool thing about a Demoracy is that if enough people don't agree it can be changed without bloodshed

[TheAnvil 0]

Then whatever reality you live in doesn't comport with the Congressional Budget Office and the Office of Management and Budget.

I could be mistaken about that Senate. It's irrelevant to the argument I presented. My data is correct - yours isn't. Fact. Deal with it. Face the facts anytime you like - facts they do remain.

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!

[penniless 0]

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Then whatever reality you live in doesn't comport with the Congressional Budget Office and the Office of Management and Budget.

I could be mistaken about that Senate. It's irrelevant to the argument I presented. My data is correct - yours isn't. Fact. Deal with it. Face the facts anytime you like - facts they do remain.

Since you crave facts, data ARE PLURAL.

[TheAnvil 0]

I is a engineer.

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!

[kelpdiver 2]

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I could be mistaken about that Senate. It's irrelevant to the argument I presented. My data is correct

this is good shit!

'My data is correct, or I could be mistaken....'

[TheAnvil 0]

Still running from the facts I see. Run until your hearts content. Facts remain as they are.

Fact: Discretionary Spending has been less than Mandatory spending since 1974.

Fact: Mandatory spending is the primary cost driver for the budget deficit.

Fact: Mandatory spending will increase with the retirment of the baby boomers.

Fact: Those who decry cutting ineffective government programs have no credibility when speaking of deficit reduction.

Fact: Requirements for mandatory spending are not set by presidents or congress considering a budget for a FY. They are set by their predecessors.

Fact: The legislative and executive branches of government in unison (with the exception of a veto being overridden) are responsible for spending levels

Fact: Democrats as well as Republican legislators and presidents are responsible for the current state of the deficit.

Fact: Neither you nor Lucky have presented any data to disprove any of the above.

Get back to me when you can do so.

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!

[kelpdiver 2]

nothing wrong with those facts - a nice golden strawman.

But that isn't what's been talked about, or evaded by you, or grossly misstated (either by intent or ignorance) by you.

[TheAnvil 0]

One wonders if you're posting in the correct thread. What have I evaded?

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!

[Lucky... 0]

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One wonders if you're posting in the correct thread. What have I evaded?

Answering how it is that under CLinton, with more social programs than Bush, the debt leveled off and the deficit turned into a 230B surplus, yet under Bush, where he has striken many social programs, the debt and deficit have hit record highs.

You keep evading that. You did throw in a bit of an argument about the baby boomers, but don't forget that as many enter social services need, many attrition themselves off the other end too. Do you have any data to support the number of baby boomers (NET NUMBER) that are added to social services? DO you have a dollar amount to explain the spike in the debt and the deficit? Show us those, since it is your assertion to support your argument.

[TheAnvil 0]

If you'd play around on the website that Darius started the thread with you'd find a link to the Concord Group which has some fairly good cost projections for SS, Medicare, and Medicaid (even if a partisan hack like Bob Kerrey is associated wtih the group, I breezed through the sight and they look like they are still pretty much in line with those I've seen elsewhere). I already posted OMB projections for Medicare/Medicaid.

As I said earlier and repeat here - Clinton and the Congress restrained discretionary spending, especially during his second term. He also had an economy booming from the explosion of e-commerce, bringing in revenues galore. The economy didn't really start to sputter until the last two FY's his OMB oversaw. Small recession countered by GWB's tax cuts - the second of which I disagree with - and leaving us with the booming economy we have now.

Please name some social programs under El Jefe Clintonista that are not funded now.

The current increases in the deficit are due to out of control discretionary spending in some cases, costs of the GWOT, the acceleration of entitlement spending caused by the GWB prescription drug program, and the fact that baby boomers are starting to retire. As they retire over the next few years, mandatory spending will not increase fairly linearly as it has done for the past few decades. It will go up at a much greater rate and bankrupt us unless the entitlement programs themselves are reformed.

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!

[hairyjuan 0]

wrong -wrong- wrong, the us is not sliding toward bankruptcy IT IS BANKRUPT, THE NATIONAL DEBT IS THE PROOF OF IT. it has been repeatedly stated in the congressional record that this is so

we are all one consciousness experiencing itself subjectively


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