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Originally Posted by Rickm505
A link? Unbelievable as if there is more than one number. The US Treasury keeps track of the National debt here.
Debt to the Penny (Daily History Search Application)
The date Bush took office the number was:
| Date | Debt Held by the Public | Intragovernmental Holdings | Total Public Debt Outstanding |
|---|
| 01/12/2001 | Not Available | Not Available | 5,735,197,779,458.19 |
The debt as of today is:
9,727,009,619,894.34
A tad over $4 trillion , now to that number add the Wall Street bailout numbers then... remember...Bush's first year in office inherited Clinton's budget surplus. So, come up with your own number based on the Republican track record and you finally get the complete picture.
Welcome to the Bush legacy. Gee let's cut taxes some more as we can see how well it worked. |
A PERFECT example of Rick's playing with numbers and being dishonest - KNOWINGLY.
The bail out has not cost 2 trillion, or even close and is already by most standards part of the 9.7 trillion number as you are likely aware
oh, just to be fully disclosed, it's a tad UNDER 4 Trillion Rick, even when caught you can't resist trying one tiny more exaggeration. Or is your math really that bad.
Quote:
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Originally Posted by Rickm505
Your Boys' legacy is increasing our country's National debt by 6 trillion dollars. First explain that??
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- Mr. Economic genius lost his calculator when adding up to 6, and grossly exaggerated when he said 10 trillion a few posts later.
Quote:
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Originally Posted by Rickm505
Then again, only a Bush apologists can sweep $10 Trillion under the rug and call it a band aid.
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He's increasing it all by himself by 6 trillion - like he started at zero. For a few, few years Clinton managed a surplus by NOT one single action of his. Not one. Even his tax hike proved to on momentarily hike revenue followed by a decline, then a cut, and the market took off. History is history. Sad, but you can't change it for wishing.
Still this little bit of miscalculation pales, PALES I say in comparison to your 775 trillion dollar collapse of the MBS market that was supposed to have already happened by now. (Post 921 in this thread) - you were only off by a factor of 1000 there, even with 2007 dollars 2004's 729 billion is just, sorry, not close to 775 Trillion.
Tax rate hikes = market stagnation followed by tax revenue decline Mr. Economy - every single time. Says so in every history book, and gee, even in the Economics 101 books. Democrats of course know better; being patriots and all.
Now let's show Mr. Finger-pointer just exactly how that money was spent -
then you tell me, just which of these dollars Bush appropriated and spent.
In case you are wondering boys and girls the money was spent (as many links have shown) primarily on entitlement programs, social welfare and wealth redistribution schemes.
Federal Budget Spending and the National Debt
Wind was correct - the blame is Joe and Jane public for putting up with the nonsense from both parties - Rep's for promising smaller government, and Dems for the absolute fallacy of the 'Pay-Go' promise that lasted less than 30 days in office.
People lie, numbers don't.
Of course I have to say my favorite line here:
85.4% of all statistics are made up on the spot. You can quote me on that.
Bush, and presidents in particular have no budgetary powers, even the money to buy the paper the checks are written on comes from CONGRESS. even the money for the luxury rolls of TP comes from the U.S. Congress.
If you want to blame Bush on something blame him for the war and the money for that. He was doing the job he's supposed to do and I honest see no evil in the man, but I'm aware some of you (who espouse unity and tollerance) just don't have any lee way with the man, you deal with it your way.
I'm going to say this one time more, I've never made a prediction here except in jest. I'm not an expert and don't try to pretend to be one (hell I didn't even stay at a holiday inn). Most of you really really ought to do the same.
I do my own research when facts are off, and carry out the garbage when it stinks. Rick, you stuff is OFF. Read a little more and look at the other side once in a while - you bill yourself as independent but dude your sources are as lopsided as it gets.
Mod's - if that was personal, delete it, delete me, and delete yourself.
It won't change a thing, anyone with a calculator can see through the brown stain.
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