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National Debt growing...Again??

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Old May 16, 2001 | 09:01 AM
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I thought the Clinton guys had started to reduce the national debt.? (i may be wrong).... i just saw in the sunday paper that the Bush guys have been increasing the debt.?

What are we currently spending money on that is causing the increase.?

- just curious....Scot
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Old May 16, 2001 | 09:24 AM
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mods. LOL
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Old May 16, 2001 | 09:59 AM
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It costs a lot to manufacture a fake energy crisis.
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Old May 16, 2001 | 10:01 AM
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Good thing is I haven't experienced an outage in a while.
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Old May 16, 2001 | 10:03 AM
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When you create an artificial surplus by moving things that you spend $$ on "off-budget" (Such as social security) what you get is a Giangantic "surplus" and and increase in debt.

Which is how in the past 1 party can claim to have reduced the debt (or taxes, or whatever) while the other party can use the exact same data to claim that the debt (or taxes or whatever) has increased.

Or in more simple terms, both are lying.


Jarett
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Old May 16, 2001 | 10:45 AM
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lies, damned lies, and statistics.

that is all.
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Old May 16, 2001 | 12:01 PM
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How much do you believe the president (regardless of party) has to do with the economy? They love to take the credit if it happens to be good, and spread the blame if it happens to be bad.
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Old May 16, 2001 | 12:14 PM
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i said "clinton guys" and "bush guys"....therefore not giving any president any credit for anything..EVER!!!

Scot

[QUOTE]Originally posted by lvs2k
[B]How much do you believe the president (regardless of party) has to do with the economy?
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Old May 17, 2001 | 11:52 AM
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Originally posted by Sunchild
It costs a lot to manufacture a fake energy crisis.
So that we can give tax breaks to the oil companies. It's amazing how we have a surplus and in a few months it seems to be evaporating. It's also amazing how we can go from an oil glut to a shortage in a few short months. Old economy new economy, it all depends on who makes campaign contributions.
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Old May 19, 2001 | 08:51 PM
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Originally posted by Zippy
Originally posted by Sunchild
It costs a lot to manufacture a fake energy crisis.
So that we can give tax breaks to the oil companies. It's amazing how we have a surplus and in a few months it seems to be evaporating. It's also amazing how we can go from an oil glut to a shortage in a few short months. Old economy new economy, it all depends on who makes campaign contributions.
I'm in the oil biz and there are no special tax breaks for oil companies. There also has been a depletion of reserves for two years now.

I find it funny that Americans are willing to pay $8/gallon for bottled water with little spouts and bitch when gas is $2/gallon of which $0.35 is taxes.
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