fatslob-:O said:
Well thank god we got that cleared up that lie about Trump having a bailout and say whatever you want about his business tactics as I'm not interested with another long winded engagement ... Whether you can't pay for the debt or you increase the debt ceiling, you undermine the economy either way. Sooner or later you're going to struggle in keeping up tax revenue with interest rates and boom! Soon your nation will find itself defaulting one way or another. Our future is a default regardless of what happens unless we decide to cut back on benefits and raise taxes to pay for our debt ... That link from factcheck doesn't disprove at all what I said when it's misleading at best ... http://www.craigsteiner.us/articles/30 According to the above you and factcheck fell into the On-budget/Off-budget vs Trust Funds trap. You can't claim social security trust fund as income since that's a LOAN as you also get a bill in the end with interest rates along with that cash so it becomes obvious to any amateur accountant like myself that the Clinton administration NEVER had any real surplus or even a balanced budget like they claimed! Any professional accountant would've called bullshit on the Clinton's claim of having ever balanced the budget ... And yes I know how the government pays our bills, at least more than you would since I didn't confuse a loan as a pure asset (If anything it's more of a liability since you have to pay interest on that borrowed money.) hwoever that doesn't mean that I can't argue that the way their going about it is absolutely flawed and especially in the wake of how slow the US economy is growing ... |
Fatslob, you cannot spin that Clinton did not balanced the budget. Even within that link it specifically stated that without SS it was still a surplus so not sure what you tangent is. You are beginning to make stuff up to support your point of view and not actually reading the whole site. You are trying to give me an opinion while I gave you a fact. I believe I will just trust the numbers from the fact check site then your opinion on the matter.