Debt Ceiling Predictions?

AspenValley wrote: Bush started his term in office with a large surplus and ended it with a large deficit.

That is a 1/2 untruth. If everything had stayed the same, eventually Clinton's plans would have created a surplus after he left office. But 9/11 severly damaged Wall Street and took the Clinton plan off target. Then Bush and Congress didn't help with the expensive occupations of Afghanistan and Iraq.

So I believe, even if Gore would have won, I doubt we would have seen a surplus.

Joe wrote:

THE NATIONAL DEBT DIVIDED BY THE NUMBER OF INCOME TAX PAYERS IS......

$500,000 per person.

I don't believe this number is accurate. It could be you are talking about unfunded future promises, but this is not the share of the 14 Trillion. Each American's share of the debt was $48K last time I saw the number.

The 500K number is based on future entitlements. But since no party is willing to address them, I think they are valid points for an argument.

SS109 wrote:

AspenValley wrote: Bush started his term in office with a large surplus and ended it with a large deficit.

That is a 1/2 untruth. If everything had stayed the same, eventually Clinton's plans would have created a surplus after he left office. But 9/11 severly damaged Wall Street and took the Clinton plan off target. Then Bush and Congress didn't help with the expensive occupations of Afghanistan and Iraq.

So I believe, even if Gore would have won, I doubt we would have seen a surplus.

If Gore had won I doubt we would have tax cuts that ate up a lot of the surplus and continue to limit our revenue, or a war in Iraq which continues to add to our deficit.

archer wrote:

SS109 wrote:

AspenValley wrote: Bush started his term in office with a large surplus and ended it with a large deficit.

That is a 1/2 untruth. If everything had stayed the same, eventually Clinton's plans would have created a surplus after he left office. But 9/11 severly damaged Wall Street and took the Clinton plan off target. Then Bush and Congress didn't help with the expensive occupations of Afghanistan and Iraq.

So I believe, even if Gore would have won, I doubt we would have seen a surplus.

If Gore had won I doubt we would have tax cuts that ate up a lot of the surplus and continue to limit our revenue, or a war in Iraq which continues to add to our deficit.

Hard to speculate but I believe Afghanistan would have still happened and Saddam would still be in power. It would be interesting to see if Gore would have been able to convince the Senate to agree to Kyoto.

Tax cuts? Obama won and he kept the Bush tax cuts.

SS109 wrote:

archer wrote:

SS109 wrote:

AspenValley wrote: Bush started his term in office with a large surplus and ended it with a large deficit.

That is a 1/2 untruth. If everything had stayed the same, eventually Clinton's plans would have created a surplus after he left office. But 9/11 severly damaged Wall Street and took the Clinton plan off target. Then Bush and Congress didn't help with the expensive occupations of Afghanistan and Iraq.

So I believe, even if Gore would have won, I doubt we would have seen a surplus.

If Gore had won I doubt we would have tax cuts that ate up a lot of the surplus and continue to limit our revenue, or a war in Iraq which continues to add to our deficit.

Hard to speculate but I believe Afghanistan would have still happened and Saddam would still be in power. It would be interesting to see if Gore would have been able to convince the Senate to agree to Kyoto.

Tax cuts? Obama won and he kept the Bush tax cuts.

Yeah....he did, hard to take away from people what has once been given......easier just not to give them in the first place. Republicans might keep that in mind if they try to take away SS, medicare, and even the right to choose. People do not give up what they have without a fight.

archer wrote: Yeah....he did, hard to take away from people what has once been given......easier just not to give them in the first place. Republicans might keep that in mind if they try to take away SS, medicare, and even the right to choose. People do not give up what they have without a fight.

Archer, they can fight all the way to the bank, things are going away because the money isn't there. The credit line is going to hit a brick wall someday. You just have never experienced it. Check out Greece.

I think we would have more support from the citizens for a tax hike than we would for taking away SS and medicare.....JMHO

archer wrote: [Yeah....he did, hard to take away from people what has once been given......easier just not to give them in the first place. Republicans might keep that in mind if they try to take away SS, medicare, and even the right to choose. People do not give up what they have without a fight.

EXACTLY. That is why we need to get out the switch. BAD DOG.

"2. Hold your newly elected politician's feet to the fire the first time he breaks ranks on a key vote. He is like a puppy. When he leaves a mess on the carpet, get out the switch. "Bad dog! Bad dog!" Let him remember that switch"................


http://www.garynorth.com/public/6827.cfm

They were not elected to bankrupt the country.