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Topic	U.S. debt lowest in six decades under Trump administration
tennisdude818 06/27/18 9:55:37 PM #38:	Webmaster4531 posted... tennisdude818 posted... The US government will go bankrupt, probably in our lifetimes. That ship sailed long before Trump was elected, but I still oppose Trump's spending. And LOL at the partisan libs on CE. Yeah, Bernie or Hillary would have gotten our fiscal house in order. What a joke. They both proposed new taxes and a progressive tax scale. Bill Clinton had a surplus and SNAP has never been expanded since. The below is a good read if you're interested in seeing why Clinton didn't actually have a surplus. https://www.mises.org/library/surplus-hoax The federal government spends Social Security money and other trust funds which constitute obligations to present and future recipients. It consumes them and thereby incurs obligations as binding as those to the owners of savings bonds. Yet, the Treasury treats them as revenue and hails them for generating surpluses. If a private banker were to treat trust fund deposits as income and profit, he would face criminal charges. --- "I have never understood why it is greed to want to keep the money you have earned but not greed to want to take somebody else's money." Thomas Sowell <cite>tennisdude818 posted [p:904094126] in U.S. debt ... [t:76755530]...</cite> <quote><cite>Webmaster4531 posted...</cite> <quote><cite>tennisdude818 posted...</cite> <quote>The US government will go bankrupt, probably in our lifetimes. That ship sailed long before Trump was elected, but I still oppose Trump's spending. And LOL at the partisan libs on CE. Yeah, Bernie or Hillary would have gotten our fiscal house in order. What a joke.</quote> They both proposed new taxes and a progressive tax scale. Bill Clinton had a surplus and SNAP has never been expanded since.</quote> The below is a good read if you're interested in seeing why Clinton didn't actually have a surplus. https://www.mises.org/library/surplus-hoax <quote>The federal government spends Social Security money and other trust funds which constitute obligations to present and future recipients. It consumes them and thereby incurs obligations as binding as those to the owners of savings bonds. Yet, the Treasury treats them as revenue and hails them for generating surpluses. If a private banker were to treat trust fund deposits as income and profit, he would face criminal charges.</quote> --- "I have never understood why it is greed to want to keep the money you have earned but not greed to want to take somebody else's money." Thomas Sowell</quote> ... Copied to Clipboard!
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