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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (360705)	11/29/2007 11:35:12 AM
From: bentway	Read Replies (2) \| Respond to of 1574853

"No he didn't. To achieve his "surplus," he included SS and Medicare tax revenues, just like it's been done for years. No he didn't. To achieve his "surplus," he included SS and Medicare tax revenues, just like it's been done for years." Yes he did. There was still DEBT, but there was no DEFICT, which resulted in a current operating SURPLUS. To break this down to where you can understand it, imagine you personally didn't make enough to pay your bills, and were making up the difference by charging it to credit cards. The amount you charged to credit cards would be your DEFICIT. Now, imagine that you cut your expenses and raised your salary enough so that you didn't NEED the credit cards ( on which you still owed a DEBT ), but instead were saving a SURPLUS. Clinton is the only President to have done this, I believe since Eisenhower. I thought I'd never see it in my lifetime.

To: Tenchusatsu who wrote (360705)	11/30/2007 6:54:39 AM
From: Alighieri	Read Replies (1) \| Respond to of 1574853

No he didn't. To achieve his "surplus," he included SS and Medicare tax revenues, just like it's been done for years. uuforum.org Look at that curve (Clinton's in particular) and compare that to republican administrations, then talk about fiscal responsibility. In any case...in the year 2000 the SS surplus was $143B, Medicare came to about $30B, while the surplus was higher than the sum of the two. If bush had maintained Clintons' course, we'd be looking at a shrinking national debt, with the obvious implications on SS and medicare solvency extension...instead we have doubled the national debt. Our interest payments on the debt are going to be well over $400B this year...imagine what we could be doing with that money Al