Current Events > Whose fault is it if the US defaults?

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Kamen_Rider_Blade
05/22/23 8:59:52 PM
#102:


Kloe_Rinz posted...
Who keeps preventing policies like universal healthcare and better funding for education which would reduce debt in the long term? Oh right the republicans. There is never a scenario where a republican is not 100% in the wrong

You talk as if Universal Healthcare will magically reduce all the costs, in reality, it'll probably balloon the costs.

We overspend and get worse results.

Opinion In health care, America is the worlds indispensable nation
https://www.washingtonpost.com/opinions/2022/11/29/us-health-care-expensive-indispensable-nation/
We need to start limiting the profiteering on drugs in the US and not let other countries get a free ride on costs of drugs & innovative techniques.

There needs to not be a "Open Check Book" on charging 3rd party insurance.

And Education funding isn't nearly the issue so much as efficacy in how we spend our money and what we get out of it.
You can't spend your way out of poor return on investments.
You need better training, better teachers, better teaching methods.
There's a whole host of other issues beyond the financial part that needs to be focused on first.

Then there's the entire Administrative Bloat in Education.
https://www.nationalreview.com/corner/administrative-bloat-in-higher-education-is-not-a-myth/

https://www.nea.org/advocating-for-change/new-from-nea/bad-bargain-administrative-bloat-and-low-faculty-pay-udc

There's WAY too much Administrators compared to actual Teachers.

All that Teaching Salary $$$ goes to the Administrators and their countless assistants and staff.

Specifically, while the number of faculty in the U.S. grew by 92 percent between 1976 and 2018, mostly due to an increase in part-time or adjunct faculty, the number of executives grew by 164 percent and other staff by 452 percent.
Executives often are motivated to hire more staff to increase the power and prestige of their offices, the authors suggest. Typically, these jobs dont have anything to do with the core mission of the university, which is student learning.

https://www.jamesgmartin.center/2022/08/administrative-bloat-harms-teaching-and-learning/

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Kamen_Rider_Blade
05/22/23 9:05:08 PM
#103:


Tyranthraxus posted...
Why? If there's a high demand for bonds that means there's a lot of faith in the US Government ability to make good on those bonds when they reach maturity.
For how long will that last?

I'm not willing to risk it while the National Debt is growing exponentially.

That happens every year that we don't have a surplus. Note that surplus and borrowing are non exclusive discrete things. You can have a budget surplus and still borrow at the same time. That's actually the ideal situation but in order to get that surplus you have to raise taxes, cut spending, or both. I hear that Bernie Sanders guy has a few good tax ideas that could help us get a surplus.
Or you can make the Rich actually pay their fair share and not escape with their tax money avoidance.

Make actual spending cuts where it matters and work on spending efficiency and graft.

There is no debt bomb. The bomb is if the government defaults. Then we, who have been graciously lending money to the government the whole time, won't get paid.
Other governments have defaulted when their National Debt and loans grow to high.

Our National Debt is growing WAY too fast, and nobody seems to be worried about it.

And the default, btw, is completely a self inflicted wound. We have the ability to pay, we just aren't because chuds in Washington DC would rather destroy us internationally than let people get affordable health care.
The Health Care problem is far more complex than your simple suggest of "Affordable Health Care".

It's a far more complicated beast to tame.

That would require the US to get Politicians to stop allowing Corporations to bribe Capitol Hill and allowing them to get away with charging the US public with obscene amounts of money for drugs & medical innovation and regulate the hell out of all medical services, drugs, & treatments.

But nobody seems to want to reign in the profiteering of big Pharma & the Medical Services and what they can obscenely charge any Health Insurance.

Go read this article:
https://www.washingtonpost.com/opinions/2022/11/29/us-health-care-expensive-indispensable-nation/

The fact that we aren't regulating the hell out of everything, while every other country gets massive bargaining power over the big Pharma & Medical companies is problematic to say the least.

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Skankhair
05/22/23 9:10:51 PM
#104:


Kamen_Rider_Blade posted...
Except you can't seem to grasp the most basic of concepts.

It's like you pick one news bite, and it stuck with you like it was everything that mattered.

There's FAR more to National Debt than one good fiscal year.

You latched onto it like it changed the world.

It was just one fiscal year, that's it. It doesn't offset his spending for the other 7 years of his term.

Ahahaha

Love it!
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Kamen_Rider_Blade
05/22/23 9:12:09 PM
#105:


Skankhair posted...
Ahahaha

Love it!
I swear, you're a brick wall.

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Skankhair
05/22/23 9:12:38 PM
#106:


Kamen_Rider_Blade posted...
I swear, you're a brick wall.

the irony is killing me
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Axiom
05/22/23 9:15:42 PM
#107:


Repugs. Looking at that pic the chud posted earlier makes me glad trump was a one term president

Fuck you autocorrect
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Kamen_Rider_Blade
05/22/23 9:16:18 PM
#108:


Skankhair posted...
the irony is killing me
It's like you can't read a basic chart and understand that Bill Clinton isn't the savior you think he is.
https://gamefaqs.gamespot.com/a/user_image/1/6/8/AAAFvAAAEgII.jpg
At the end of the day he was part of the problem.


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Skankhair
05/22/23 9:17:46 PM
#109:


Kamen_Rider_Blade posted...
It's like you can't read a basic chart and understand that Bill Clinton isn't the savior you think he is.
https://gamefaqs.gamespot.com/a/user_image/1/6/8/AAAFvAAAEgII.jpg
At the end of the day he was part of the problem.

He lowered the deficit every year he was in office and had multiple years of budget surplus. But keep lying and Ill keep laughing at you.

https://gamefaqs.gamespot.com/a/user_image/2/1/9/AAAwUhAAEgI7.jpg
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Derwood
05/22/23 9:18:26 PM
#110:


Christ, it's like nobody knows the difference between deficit and debt
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Skankhair
05/22/23 9:18:58 PM
#111:


https://gamefaqs.gamespot.com/a/user_image/2/2/0/AAAwUhAAEgI8.png

Under Trump the deficit went up every year. Under Biden it went down every year. BUt tHEy aRe tHE sAME!
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Have_A_Cigar
05/22/23 9:20:33 PM
#112:


Our fault for electing idiots to public office over and over again.

Anyone care to quote Vaas? That pretty much sums out US politics...

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Halo478
05/22/23 9:22:05 PM
#113:


Unsuprised_Pika posted...
Republicans take the vast majoriry of the blame.
no problem raising the debt limit under trump fuck the gop

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Kamen_Rider_Blade
05/22/23 9:33:03 PM
#114:


Skankhair posted...
He lowered the deficit every year he was in office and had multiple years of budget surplus. But keep lying and Ill keep laughing at you.
That's great that he lowered it, but he still ended up negative by the end of his 8 years of presidency.

So no, it's not like he didn't help, but it was VERY temporary in the grand scheme of things.

And he didn't push down the Over-All National Debt, which is FAR more important.

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creativerealms
05/22/23 9:40:40 PM
#115:


Kamen_Rider_Blade posted...
That's great that he lowered it, but he still ended up negative by the end of his 8 years of presidency.

So no, it's not like he didn't help, but it was VERY temporary in the grand scheme of things.

And he didn't push down the Over-All National Debt, which is FAR more important.
Do you have a solution? Or do you just want to complain?

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Skankhair
05/22/23 9:41:23 PM
#116:


Kamen_Rider_Blade posted...
That's great that he lowered it, but he still ended up negative by the end of his 8 years of presidency.

He lowered the deficit every year as president and had multiple years of budget surplus. That surplus only went away because Bush was elected.

So no, it's not like he didn't help, but it was VERY temporary in the grand scheme of things.

It was only temporary because Bush got in office instead of Gore.

And he didn't push down the Over-All National Debt, which is FAR more important.

It would go down over time if Bush wasnt elected.
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MrCokeacola
05/22/23 9:43:32 PM
#117:


Thankfully the USA is not on the gold standard because Nixon was a smart President. So the USA can always just print it's way out of debt with literally no downsides.

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Kamen_Rider_Blade
05/22/23 9:43:48 PM
#118:


creativerealms posted...
Do you have a solution? Or do you just want to complain?

If there was a solution, nobody in Capital Hill would like my solution.

That would require them to spend less money then they're taking in on revenue and using the profits to pay back national debt.

Something every administration has managed to kick the can down the road.

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Skankhair
05/22/23 9:44:53 PM
#119:


Kamen_Rider_Blade posted...
That would require them to spend less money then they're taking in on revenue and using the profits to pay back national debt.

Which Clinton did.

Something every administration has managed to kick the can down the road.

Except for Clinton.
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Kamen_Rider_Blade
05/22/23 9:46:26 PM
#120:


Skankhair posted...
He lowered the deficit every year as president and had multiple years of budget surplus. That surplus only went away because Bush was elected.
Yes, it's called a Term Limit.
He knew his time was ending, that's how our Democratic Constitutional Republic works.
The Term Limit for a seat in government is a fundamentally good thing.

It was only temporary because Bush got in office instead of Gore.
And who are you going to blame that Al Gore failed to win the PotUS seat?

It would go down over time if Bush wasnt elected.
Can you 100% gurantee that?
How would Al Gore have handled 9/11?
Very hard to say since we don't live in that time line.

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Kloe_Rinz
05/22/23 9:47:23 PM
#121:


Kamen_Rider_Blade posted...
You talk as if Universal Healthcare will magically reduce all the costs, in reality, it'll probably balloon the costs.

We overspend and get worse results.

Opinion In health care, America is the worlds indispensable nation
https://www.washingtonpost.com/opinions/2022/11/29/us-health-care-expensive-indispensable-nation/
We need to start limiting the profiteering on drugs in the US and not let other countries get a free ride on costs of drugs & innovative techniques.

There needs to not be a "Open Check Book" on charging 3rd party insurance.

And Education funding isn't nearly the issue so much as efficacy in how we spend our money and what we get out of it.
You can't spend your way out of poor return on investments.
You need better training, better teachers, better teaching methods.
There's a whole host of other issues beyond the financial part that needs to be focused on first.

Then there's the entire Administrative Bloat in Education.
https://www.nationalreview.com/corner/administrative-bloat-in-higher-education-is-not-a-myth/

https://www.nea.org/advocating-for-change/new-from-nea/bad-bargain-administrative-bloat-and-low-faculty-pay-udc

There's WAY too much Administrators compared to actual Teachers.

All that Teaching Salary $$$ goes to the Administrators and their countless assistants and staff.

https://www.jamesgmartin.center/2022/08/administrative-bloat-harms-teaching-and-learning/
Theres many factors that can improve finances that republicans are holding back society on. Again theres no convincing argument republicans arent to blame
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Kamen_Rider_Blade
05/22/23 9:48:27 PM
#122:


Skankhair posted...
Which Clinton did.
For the 2nd half of his term, and for only a portion of it.

But he still, in the end, managed to spend more than he brought in.

His lowering of Deficit didn't offset total National Debt from increasing.

It still went up.

He didn't make it go flatline and Zero Out or Go Down.

So no, in the end he still had the same problem.

Except for Clinton.
He tried, lord knows he tried; but it still wasn't enough to tame the spending beast.
He still managed to end up negative at the end of his 8 years.

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Skankhair
05/22/23 9:48:39 PM
#123:


Kamen_Rider_Blade posted...
Yes, it's called a Term Limit.
He knew his time was ending, that's how our Democratic Constitutional Republic works.
The Term Limit for a seat in government is a fundamentally good thing.

Um, duh?

And who are you going to blame that Al Gore failed to win the PotUS seat?

People like you who pretend both parties are the same.

Can you 100% gurantee that?

Since every democratic president since has lowered the deficit, yeah, its a very safe bet.
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Kamen_Rider_Blade
05/22/23 9:49:34 PM
#124:


Kloe_Rinz posted...
Theres many factors that can improve finances that republicans are holding back society on. Again theres no convincing argument republicans arent to blame
Basically, you're dead set on your views and nothing is going to change it.

That's what it comes down to.

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Skankhair
05/22/23 9:54:20 PM
#125:


Kamen_Rider_Blade posted...
He tried, lord knows he tried; but it still wasn't enough to tame the spending beast.

He lowered the deficit every year and had multiple years of budget surplus. Dude
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Kamen_Rider_Blade
05/22/23 9:55:46 PM
#126:


Skankhair posted...
People like you who pretend both parties are the same.
Because, in the end, what matters is how much you spend in total, and if the national debt goes up, there is a fundamental problem. Doesn't matter who's at the helm.

Since every democratic president since has lowered the deficit, yeah, its a very safe bet.
Obama makes Clinton look like a saint in Spending.

Even Joe Biden manages to spend way more than Clinton.

But hey, a few years of lowering the deficit, and they get a free ride on raising the National Debt according to your PoV.

But they all seem to be doing the same, raising the National Debt on a overall basis.
Regardless of their Deficit control.

It's not enough.

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Kamen_Rider_Blade
05/22/23 9:57:30 PM
#127:


Skankhair posted...
He lowered the deficit every year and had multiple years of budget surplus. Dude
Yet the National Debt still went up on his watch by the end of the 8 years.

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Skankhair
05/22/23 9:58:47 PM
#128:


Kamen_Rider_Blade posted...
Because, in the end, what matters is how much you spend in total, and if the national debt goes up, there is a fundamental problem. Doesn't matter who's at the helm.

Obama makes Clinton look like a saint in Spending.

Even Joe Biden manages to spend way more than Clinton.

But hey, a few years of lowering the deficit, and they get a free ride on raising the National Debt according to your PoV.

But they all seem to be doing the same, raising the National Debt on a overall basis.
Regardless of their Deficit control.

It's not enough.

When a democrat is president the deficit goes down, even to the point of a surplus. So why isnt the debt going down? Because after every democrat we elect a republican who undoes that work and explodes the deficit. And you want to pretend they are the same. Youre the problem.
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Skankhair
05/22/23 9:59:56 PM
#129:


Kamen_Rider_Blade posted...
Yet the National Debt still went up on his watch by the end of the 8 years.

He literally inherited a deficit and turned it into a surplus. If we got Gore instead of Bush the surplus would have continued. They arent the same.
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Kamen_Rider_Blade
05/22/23 10:00:59 PM
#130:


Skankhair posted...
When a democrat is president the deficit goes down, even to the point of a surplus. So why isnt the debt going down? Because after every democrat we elect a republican who undoes that work and explodes the deficit. And you want to pretend they are the same. Youre the problem.
Yet everytime that happens, the National Debt still manages to go up.
Funny where is that surplus of $$$ going to?
Why isn't it being used to pay off our National Debt?
Why is the National Debt still going up?

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Skankhair
05/22/23 10:02:20 PM
#131:


Kamen_Rider_Blade posted...
Yet everytime that happens, the National Debt still manages to go up.
Funny where is that surplus of $$$ going to?
Why isn't it being used to pay off our National Debt?
Why is the National Debt still going up?

Your chart says otherwise. Cant read a chart?
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DarthDemented
05/22/23 10:04:28 PM
#132:


Yours

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Kamen_Rider_Blade
05/22/23 10:05:46 PM
#133:


Skankhair posted...
Your chart says otherwise. Cant read a chart?
National Debt still increased by the end of his term.
Despite his Deficits.

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Skankhair
05/22/23 10:07:37 PM
#134:


Kamen_Rider_Blade posted...
National Debt still increased by the end of his term.
Despite his Deficits.

Your chart says the debt plateaus and then goes *down* during Clintons term It only goes up again when Bush takes office. You actually cant read a chart. Wow.
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Kamen_Rider_Blade
05/22/23 10:09:41 PM
#135:


Skankhair posted...
Your chart says the debt plateaus and then goes *down* during Clintons term It only goes up again when Bush takes office. You actually cant read a chart. Wow.
It slows down, but it didn't flat line into a plateau, look carefully.
It only went down for 1 small section after the peak.
That's it. It didn't cancel his previous spending.

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Skankhair
05/22/23 10:11:07 PM
#136:


Kamen_Rider_Blade posted...
It slows down, but it didn't flat line into a plateau, look carefully.
It only went down for 1 small section after the peak.
That's it. It didn't cancel his previous spending.

It literally flattens and then goes down. Who do you think is falling for your lies?

The debt going down is what youre asking for and Clinton did it. And you want to pretend Bush is the same thing
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#137
Post #137 was unavailable or deleted.
Skankhair
05/22/23 10:14:08 PM
#138:


[LFAQs-redacted-quote]


Right now the deficit is going down every year, just like under Clinton and the opposite of Trump. Its almost like the parties arent the same.
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Kamen_Rider_Blade
05/22/23 10:14:15 PM
#139:


Skankhair posted...
It literally flattens and then goes down. Who do you think is falling for your lies?

The debt going down is what youre asking for and Clinton did it. And you want to pretend Bush is the same thing

Both of them managed to increase the National Debt at the end of the day.

But hey, let's pretend that only one side is guilty of this issue.

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Skankhair
05/22/23 10:15:33 PM
#140:


Kamen_Rider_Blade posted...
Both of them managed to increase the National Debt at the end of the day.

But hey, let's pretend that only one side is guilty of this issue.

Clinton had a budget surplus that literally started lowering the debt
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Tyranthraxus
05/22/23 10:16:32 PM
#141:


Kamen_Rider_Blade posted...
Can you 100% gurantee that?
How would Al Gore have handled 9/11?
Very hard to say since we don't live in that time line.

He probably would not have attacked Saddam Hussein or spent billions looking for WMDs that didn't exist or illegally disclose top secret information about an intelligence agent because her husband wrote a journal article saying there were no WMDs in Iraq and then would proceed to not claim God told him to free Iraq in a dream.

Would he have maintained a surplus from Clinton? IDK but it would have been far better than bush by a lot.

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Kamen_Rider_Blade
05/22/23 10:26:33 PM
#142:


Skankhair posted...
Clinton had a budget surplus that literally started lowering the debt
Too little, too late compared to his earlier spending.

It didn't do enough to even out what happened in his first term.

So he still ended up massively negative.

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Skankhair
05/22/23 10:30:20 PM
#143:


Kamen_Rider_Blade posted...
Too little, too late compared to his earlier spending.

It wasnt *his* earlier spending. He inherited a deficit and decreased it every year. He didnt created new spending, he lowered it.
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Kamen_Rider_Blade
05/22/23 10:39:40 PM
#144:


Skankhair posted...
It wasnt *his* earlier spending. He inherited a deficit and decreased it every year. He didnt created new spending, he lowered it.
It was "VERY BRIEF" and in the end, it didn't hold.

Here's Clintons' Spending:
https://gamefaqs.gamespot.com/a/user_image/2/8/9/AAAFvAAAEgKB.png

Here's Clinton's Second Half:
https://gamefaqs.gamespot.com/a/user_image/2/9/0/AAAFvAAAEgKC.png
Noticed how he claims that the "Public Debt" went down, yet he sky rocketed the Intra-Governmental Holdings.
Ergo, the Total National Debt still went up.
Yes there was 1x year that was relatively low on National Debt increase, but that's it.
It still spiked back up at the end of the day.

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Skankhair
05/22/23 10:41:26 PM
#145:


Kamen_Rider_Blade posted...
LOL

Clinton reduced spending, ran a budget surplus, and your own chart says the debt went down. It went back up under Bush. Can you cope any harder?
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Kamen_Rider_Blade
05/22/23 10:42:21 PM
#146:


Skankhair posted...
Clinton reduced spending, ran a budget surplus, and your own chart says the debt went down. It went back up under Bush. Can you cope any harder?
You don't seem to understand what Total National Debt is, now do you?
It went back up at the "LAST YEAR" of Clintons 2nd Term.

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Skankhair
05/22/23 10:42:33 PM
#147:


Kamen_Rider_Blade posted...
It was "VERY BRIEF" and in the end, it didn't hold.

It was multiple years of budget surplus that didnt hold because we elected a republican listen to yourself
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Skankhair
05/22/23 10:43:13 PM
#148:


Kamen_Rider_Blade posted...
You don't seem to understand what Total National Debt is, now do you?

I understand that the chart you posted said it went down while Clinton ran a budget surplus
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Kamen_Rider_Blade
05/22/23 10:44:08 PM
#149:


Skankhair posted...
It was multiple years of budget surplus that didnt hold because we elected a republican listen to yourself

The spike back up happened in 2001, Clinton was still in office.

So no, his plan to keep lowering didn't hold.

But hey, don't let the details change your narative.

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Kamen_Rider_Blade
05/22/23 10:46:11 PM
#150:


Skankhair posted...
I understand that the chart you posted said it went down while Clinton ran a budget surplus
He also jacked up Intra-Governmental Holdings at the same time.

So in the end, it was a net negative on National Debt.

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Skankhair
05/22/23 10:46:54 PM
#151:


Kamen_Rider_Blade posted...
The spike back up happened in 2001, Clinton was still in office.

For less than 1 month

So no, his plan to keep lowering didn't hold.

Bush was sworn in January 2001

But hey, don't let the details change your narative.

Dude, I can only laugh so hard
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