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<blockquote><blockquote class="Quote"><div><strong class="bc-author">NomoreGarciaparra</strong> said:</div><div><blockquote class="Quote"><div><strong class="bc-author">Horseleech</strong> said:</div><div><blockquote class="Quote"><div><strong class="bc-author">LaserWolf</strong> said:</div><div><blockquote class="Quote"><div><strong class="bc-author">Horseleech</strong> said:</div><div><blockquote class="Quote"><div><strong class="bc-author">bigchalz</strong> said:</div><div> remember when clinton left office and we were left with somewhere close to a 40 billion dollar surplus?</div></blockquote> <br /> The U.S. had a National Debt of almost 6 trillion when Clinton left office. Sorry, but you can't have a 40 billion surplus when you have a 6 trillion dollar debt. <br /> <br /> No doubt Bush Jr spent like a fiend and just made things worse, but that 'surplus' was going to vanish either way because it never really existed.</div></blockquote> <br /> Hopefully you are not suggesting that long term projects of long life infrastructure (roads, bridges, aircraft carriers...) should be paid for in advance.</div></blockquote> <br /> What?</div></blockquote> <br /> I didn't get that, either. But then again I didn't get why you were confused about the difference between an annual budget surplus and the overall national debt.</div></blockquote> <br /> I wasn't, you just needed to invent a reason to insult somebody.<br /> <br /> The money ultimately comes out of the same coffers, a short-term windfall does not mitigate the larger debt.<br /> <br /> I'm not dismissing the difference between Clinton and Bush, but saying "we had a 40 billion dollar surplus" is ridiculous.</blockquote> <br /> It's not ridiculous at all. We DID have a surplus in that budget year. If we'd continued the Clinton-era policies and avoided the idiotic Iraq war (which Dumbya left out of his budgets) it's entirely possible that the overall debt would have stayed about the same or decreased gradually. <br /> <br /> As a business owner you should be able to recognize that having a good year has value even if you don't decrease the overall debt your business has incurred in terms of long-time obligations. If the biggest debt your business has is an interest-only mortgage, you don't say a year in which you had a nice profit is "meaningless" or "ridiculous" simply because you still have that mortgage. If you're smart you take that profit and position yourself to do something about that long term debt in future years.<br /> <br /> If you're a fucking idiot you do what Dumbya did. You toss money to your rich pals and throw some big parties with fireworks in exotic locales and pretend everything is peachy.
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