SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lizzie Tudor who wrote (106144)2/22/2008 2:15:00 PM
From: ChanceIsRead Replies (1) of 306849
 
>>>If Bush had continued to pay down the debt like Clinton was doing, <<<

Lizzie, I have challenged you on this many times.

The OPERATIONAL budget under Clinton was never in the black. The total public debt has grown every year since 1957. (Not to be confused with debt held by the public). Those social security dollars are programmed to be spent out in 2030 or thereabouts, but the government "borrowed" them and spent them today - giving the Social Security admin a little piece of script. You know - just like the script we give the Chinese.

It is true that under Clinton, the Social Security surplus was sufficient in and of itself to fund the operational budget deficit. This was a great achievement - not to be diminished in any way. Let there be no doubt that things have gotten much much worse under "W," and it is a horrible shame.

Why don't you look into the facts and respond???

My statement is not focused so much for or against Clinton or Bush. Rather it is an indictment of big government in general, and especially the social welfare programs which largely serve as a sop to buy votes for reelection. Get used to eating dog food when you turn 65 because there sure won't be any Social Security for you.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News