Comments for Sick 2 Debt

Comment on Can we eliminate the National debt if we demand that? by Nadine P

Nadine P — Fri, 10 Sep 2010 02:31:27 +0000

The National Debt is now over 9 trillion dollars! Let me educate you on what the Debt is as opposed to the Budget Deficit. You see, the Budget is for one fiscal year. Each Budget can have a deficit (when intake is less than spending) or a surplus (when spending is less than intake.) The Debt is the accumulation of all the deficits and surplusses. Unfortunately, we haven’t had many Budget surplusses the Debt keeps rising. The Debt has nothing to do with spending…it has to do with the money we are borrowing from foreign countries and the huge amount of interest we have to pay on it. Also, according to the Bureau of Public Debt, U.S. Dept of the Treasury, during the Clinton Administration the National Debt increased by $1,609 trillion dollars. During the Bush Administration, the Debt has increased by $3,304 trillion dollars. So what are you talking about?

Comment on Can we eliminate the National debt if we demand that? by commonsensemom

commonsensemom — Fri, 10 Sep 2010 02:31:27 +0000

You have got to be kidding!! Bill and Hillary didn’t steal any money while Bill was President. If anything it was Ken Starr and his right wing conservative followers, (like the Bushs’) that "stole" our tax money with their witch hunt to find something on the Clintons to make a scandal out of. The only way they succeded was to set up a sex scandal. (Even Bush would have lied in THAT situation, any man would have.) Why do you think Monica never washed the dress? duh!) A scandal the American public and the world never should have heard about by the way. There are people to this day, that can only focus on that one thing, and act like the Democrat’s are the most immoral people in the world. (That is so narrow minded it is downright pathetic.) Clinton actually had a great budget going, and was doing a great job as President, despite all of the distraction from the witch hunt. I still can’t believe he was "impeached" over a lame sex scandal.

And you want to talk about the National Debt? I’m afraid that is Bush’s fault honey, because he underestimated his abilities to run a country, and waged war on two other countries with not enough troops. The 2nd war he didn’t even bother to wait for UN approval, he thought we were invincible, and look at the mess he has us in now? Half the world hates America, we are in the middle of a Civil war in Iraq, that Bush created. We have a higher National debt than we have had in many years, and now are heading in to a recession. Unemployment is on the rise, the bottom has fallen out of the housing market, and the price of gas has continued to rise….hmmmm and Bush is an oil man, makes you wonder.

I don’t know where you got your information, but you are waaaaaay off base. Unless of course you are trying to provoke some controversy.

Comment on Can we eliminate the National debt if we demand that? by maryjellerson

maryjellerson — Fri, 10 Sep 2010 02:31:27 +0000

Sure we could. The fed just printed up 40 + billion dollars today, in order to support the cut in interest rates, which they did in order to prop up the housing market. I’m sure that with some advance notice, they could print up 12 trillion. 2 weeks of hold time might just do it, after all that is how much time the banks demand on any out of state checks we present to them.
Now, as to what that extra 40+ billion is going to do to the worth of your paycheck, well they aren’t talking about that.
With all the economic indicators down, I think that it’s not looking too good for the dollar.
As to anyone returning anything, don’t hold your breath.

Comment on Can we eliminate the National debt if we demand that? by Cold Hard Fact

Cold Hard Fact — Fri, 10 Sep 2010 02:31:27 +0000

If we did that, we would have a surplus.

Comment on Can we eliminate the National debt if we demand that? by Hubert D

Hubert D — Fri, 10 Sep 2010 02:31:27 +0000

Of course it will, and nice of you to generously provide a link or other citation to prove that they stole anything,Troll.

Comment on Can we eliminate the National debt if we demand that? by beardog4314

beardog4314 — Fri, 10 Sep 2010 02:31:27 +0000

They already did that- there was a surplus at the end of Bill’s term. Where do you think that went?

Comment on Can we eliminate the National debt if we demand that? by just some chick

just some chick — Fri, 10 Sep 2010 02:31:27 +0000

um. no that makes no sense.

Comment on Can we eliminate the National debt if we demand that? by shilo9i

shilo9i — Fri, 10 Sep 2010 02:31:27 +0000

1) Exactly what money did he steal (please provide evidence)

2) When Clinton was in office we had a budget SURPLUS, unlike now, when we are in debt 9 TRILLION dollars.

Comment on Can we eliminate the National debt if we demand that? by redrum7

redrum7 — Fri, 10 Sep 2010 02:31:27 +0000

Sure why not. Bilary did it.

SamF: You need a course in comprehensive reading. Try a private tutor, Government schools ain’t working for you.

Comment on Can we eliminate the National debt if we demand that? by sam f

sam f — Fri, 10 Sep 2010 02:31:27 +0000

i can’t say whether that would help…

but i think the biggest concern right now is the 1.6 trillion the war has cost so far… and the estimated 3+ trillion it will end up costing.

i believe she asked about the national debt.. not government spending… this is money borrowed.

money spent by taxpayers is not part of the national debt.

the national debt is about 5.1 trillion…
… when we realize we can’t pay for this war…we’re going to need to borrow the money. that will really screw it up…will it not?