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-   -   Republicans need balanced budget (https://www.talkofthevillages.com/forums/villages-florida-political-talk-88/republicans-need-balanced-budget-202924/)

Guest 07-28-2016 05:26 AM

Quote:

Posted by Guest (Post 1261440)
You should try just once backing up your statements with facts. There were budget surpluses under Bill Clinton.

"W' took over, and we were attacked on 9/11. Now, we wound up in Iraq, and Afghanistan unfunded wars. Are we calling unfunded wars earmarks? Add to that a massive tax cut. Say goodbye to the budget surpluses.

Then, the Great Recession hits, and say hello to Obama. Amazing as it may seem, tax collection go down with the Great Recession. Obama didn't go nuts with social programs. The large increase in the budget deficits were a result of the reduction in taxes. Obama didn't pass the "W" tax cut to the upper tax bracket, and the Republicans bitched about it.

If you want to balance the budget, you start with revising the income tax code especially to large US corporation that are avoiding pay federal income taxes. You can't cut yourself into a balanced budget.

Republicans won't approve federal income tax changes. Democrats won't approve large spending cuts to social programs.

With the unemployment rate being what it is, there won't be a large increase in tax collections due to more people entering the work force.

Trump is making promises that will cripple the US. The Republicans will stop Clinton from doing anything. We are headed to 4 or 8 more years of gridlock under Clinton, Or another Great recession/depression under Trump. You gives a damn about a balanced budget. Until the parties work together, nothing will change. There will be just a lot of finger pointing, and blaming the other party for everything.

Quote:

Posted by Guest (Post 1261441)
Here are the figures of budget deficits/surpluses. I should have included it above.
The U.S. Federal Budget | Charts and Figures

Yes...please...FACTS.

The FACT is...there was NO surplus ANY of the years Clinton was in office. EVERY YEAR the total debt went up.

Besides, it was an accounting trick, he took a LOT from the SS "trust fund". A LOT!

Guest 07-28-2016 06:49 AM

Quote:

Posted by Guest (Post 1261440)
You should try just once backing up your statements with facts. There were budget surpluses under Bill Clinton.

"W' took over, and we were attacked on 9/11. Now, we wound up in Iraq, and Afghanistan unfunded wars. Are we calling unfunded wars earmarks? Add to that a massive tax cut. Say goodbye to the budget surpluses.

Then, the Great Recession hits, and say hello to Obama. Amazing as it may seem, tax collection go down with the Great Recession. Obama didn't go nuts with social programs. The large increase in the budget deficits were a result of the reduction in taxes. Obama didn't pass the "W" tax cut to the upper tax bracket, and the Republicans bitched about it.

If you want to balance the budget, you start with revising the income tax code especially to large US corporation that are avoiding pay federal income taxes. You can't cut yourself into a balanced budget.

Republicans won't approve federal income tax changes. Democrats won't approve large spending cuts to social programs.

With the unemployment rate being what it is, there won't be a large increase in tax collections due to more people entering the work force.

Trump is making promises that will cripple the US. The Republicans will stop Clinton from doing anything. We are headed to 4 or 8 more years of gridlock under Clinton, Or another Great recession/depression under Trump. You gives a damn about a balanced budget. Until the parties work together, nothing will change. There will be just a lot of finger pointing, and blaming the other party for everything.

Sorry, but you are wrong. There was NEVER a surplus during the Clinton administration. There has not been a pay down of the national debt since Eisenhower. You can check it out on TreasuryDirect.gov The figures are there.


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