Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Just think....Five years ago we were predicted to have $5 trillion surplus

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-19-06 11:35 PM
Original message
Just think....Five years ago we were predicted to have $5 trillion surplus
right now. What happened? Oh, 9/11 happened right? No, what happened was George W Bush and the Republican Party. Now it is all gone. Not only is it all gone, but they have added $3 trillion more in debt on top of that. That would be an $8 trillion dollar turnaround in just 5 short years. Just think of the "progress" we can make if we can keep the Repubs in power for 5 - 10 more years? Vote Republican!
Printer Friendly | Permalink |  | Top
yourout Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-19-06 11:37 PM
Response to Original message
1. And how much of that surplus ended up in the hands of Haliburton?
And how much of it is fattening the portfolios of the rich and famous?
Printer Friendly | Permalink |  | Top
 
MetaTrope Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 12:28 AM
Response to Reply #1
11. And how much is going straight to PNAC covert ops?
Printer Friendly | Permalink |  | Top
 
sakabatou Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-19-06 11:38 PM
Response to Original message
2. Imagine all that money going into domestic projects
:drool:
Printer Friendly | Permalink |  | Top
 
sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-19-06 11:46 PM
Response to Original message
3. And it was FICA surplus
That's right, OUR tax money gone to the richest in the country. And now WE are supposed to sacrifice more because Bush created a debt when everybody knew this money was going to be needed for boomers' retirements. Biggest heist in the history of the world.
Printer Friendly | Permalink |  | Top
 
kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-19-06 11:49 PM
Response to Reply #3
4. Now they tell us the Social Security is in trouble ??
No shit Sherlock !
Printer Friendly | Permalink |  | Top
 
sandnsea Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-19-06 11:55 PM
Response to Reply #4
7. 700 Billionaires, the real "700 Club"
700 Billionaires around the globe, 300 in the US. That's the real "sucking sound" we hear. One way or another, they suck every penny out of us. We may think we're saving up for retirement or some such, but they suck it right back out in health care or stock market crashes. Crashes that happen AFTER they already moved their money to the next "big thing".

I just read an article that Bush wants the Bonneville Power Surplus to go to paying down the debt. The public power that works, where any savings were used to reduce power rates, and he wants to suck it up too. Seattle WTO and Little Beirut ain't gonna stand for that, not for one second.

I hate these people.

Printer Friendly | Permalink |  | Top
 
kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 12:01 AM
Response to Reply #7
8. Anything to keep from asking for the taxcuts to be returned....
Because, to ask or not ask, does not matter. It is still a stark admission of failure of policy...
Printer Friendly | Permalink |  | Top
 
Sparkly Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 01:02 AM
Response to Reply #8
16. Yup -- most sold the next generation out to a single trip to Wal-Mart. nt
Printer Friendly | Permalink |  | Top
 
tiptoe Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-19-06 11:52 PM
Response to Original message
5. And they did it by Election Fraud and Lies and Mass-Murder and Treason.
Printer Friendly | Permalink |  | Top
 
Skittles Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-19-06 11:52 PM
Response to Original message
6. the party of fiscal responsibility
:puke:
Printer Friendly | Permalink |  | Top
 
depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 12:06 AM
Response to Original message
9. Love to rally round that but-
That figure was based on projections that wouldn't have come close to bearing out.

Not that Bush and the Republicans' irrational and irresponsible fiscal and monetary policies haven't made things exponentially worse than they would have been....

Also, note that Gore was yapping about tax cuts, too. Obviously, they would have been smaller and more equitably distributed- but they'd have "downsized" the surplus- alongside the recession (which, arguably- Clinton's regulatory mismanagement of the financial and energy sectors had a hand in).

Just tryin' to be accurate here...
Printer Friendly | Permalink |  | Top
 
kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 12:20 AM
Response to Reply #9
10. Also, Bush said it was the "people's money"...
and that they could give the taxcuts and still have a balanced budget. But both Parties accepted the $5 trillion dollar number...
Printer Friendly | Permalink |  | Top
 
Sparkly Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 12:43 AM
Response to Reply #10
13. Oh yeah, "Tax cuts always increase revenues!"
Some are probably STILL saying that...

They also don't understand the difference between budget deficits and the national debt -- so when Chimpy says, "We're gonna cut the deficit in half in four years" or whatever, they think he's talking about the national DEBT, not basic ongoing shortfalls in the budget that are adding to that debt.

In short, too many voters are ignorant from deception and have NO idea what the national debt costs them in their tax dollar, or who caused it or how -- much easier to rant against the pittance on the dollar that so-called "welfare queens" and "lazy liberals seeking free handouts" cost. :mad:
Printer Friendly | Permalink |  | Top
 
Sparkly Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 12:39 AM
Response to Reply #9
12. Big difference between "targets" in tax cuts
Gore's proposed tax cuts were wisely targeted to keep the economy growing, by keeping the middle class growing, keeping opportunities growing, and keeping research and development growing (especially for alternative energy sources, auto technology, etc.).

One of the things Clinton was great at was explaining expenditures in terms of "investments." 'For every dollar we invest in urban renewal (or education or job training etc etc), we get X amount back in the economy.' He was right, and Gore was right on track to deal with the deflation of the tech bubble by supporting new industries (especially ones that would also help the environment, employment, and dependence on foreign oil).

It's painful to think of how different it all could be now... :(
Printer Friendly | Permalink |  | Top
 
depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 12:53 AM
Response to Reply #12
14. No argument there
Edited on Mon Feb-20-06 01:33 AM by depakid
My only point was that we ought to be realistic about the projections.

And yes, it is painful- :mad:

Not to mention that it's going to turn out so phenomenally bad that even a lot of the freepers are going to wake up one day and have an oh my f...ing God moment. Losing your money tends to do that, even to the densest among us.
Printer Friendly | Permalink |  | Top
 
Sparkly Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-20-06 01:00 AM
Response to Reply #14
15. Yes indeed.
I remember arguing with some of them on old AOL boards (where you hear the most simplistic RNC talking points repeated verbatim, over and over), and they'd say, "If you don't want the tax cuts, and you're worried about the debt, then send them to Washington DC!"

Oh how brilliant. I told them I was socking it away, because I knew what was coming next. Poor short-sighted idiots -- they didn't. And since they remain oblivious to the effects of the debt, many still don't. Maybe they'll get it from the upcoming budget cuts...

I agree with you. "Where's my government loans, my veteran's benefits, my job? Why are my roads crappy, why is my library closing, why are the schools cutting programs? Why are my parents suffering, why are my fuel costs so high, why is healthcare unaffordable?" (Of course, most will blame it, somehow, on Democrats -- Rove will make sure of that.)
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed Apr 24th 2024, 08:22 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC