Mon, Oct 20, 2014, 10:04 AM EDT - U.S. Markets close in 5 hrs 56 mins

Recent

% | $
Quotes you view appear here for quick access.

Xinyuan Real Estate Co., Ltd. Message Board

  • doncassel273 doncassel273 Oct 25, 2012 8:06 AM Flag

    Chris,

     

    Re:My guess is that the numbers you found are the "total public debt," which includes the debts owed by one government program to another. I don't understand exactly how that works.

    Intra gov lending is still borrowed money that need paid back. It's all smoke and mirrors, robbing Peter to pay Paul. They just take the money from a fund that has a surplus. Now that fund is down that amount and must be paid back.

    The bottom line is Clinton spent more money each year than taxes collected. Which results in a deficit. At least without the smoke and mirrors, Clinton had some of the smallest deficits. But that was partially due to a Repub Congress.

    Don

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The bottom line is Don you're wrong on this just like everything else. I'm going to try one more time to get this through your pea brain. The surplus was made up of social security and medicare surpluses. This is money that eventually was to go to social security and medicare. Bush took the money and used it for tax cuts. But the surpluses were real because the government took in more than it spent for two years. That is how a surplus is defined even in your universe.

    • Don, good, I was hoping you and I would be able to circle back together on this.

      I totally agree that credit for the budget successes of the '90's goes to both parties. A budget's a half President, half Congress kind of a thing. The President gets to propose the initial numbers, but he doesn't get squat that Congress doesn't OK.

      If two men who disliked each other as much as Bill Clinton and Newt Gingrich were able to set aside their personal feelings long enough to do something right for the country, then maybe there's hope for the next four years, after all. At least, I hope so.

 
XIN
2.73+0.03(+1.11%)10:02 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.