How many times do I have to tell you that you're an idiot?

"Horvath" wrote in message
...
On 14 Dec 2003 05:51:04 -0800,
(Crackhead Millionaire) wrote this crap:



Facts from the Treasury:

http://www.publicdebt.treas.gov/opd/opdhisto4.htm.

During the Clinton Administration years the National Debt was as
follows:

09/30/2000 5.67 Trillion
09/30/1999 5.65 Trillion
09/30/1998 5.52 Trillion
09/30/1997 5.41 Trillion
09/30/1996 5.22 Trillion
09/29/1995 4.97 Trillion
09/30/1994 4.69 Trillion
09/30/1993 4.41 Trillion
09/30/1992 4.06 Trillion


To put it in simple terms, Klinton BORROWED money to pay our bulls,
and when he had money left over, he claimed a surplus.


Hi Horvath -

No. The reason that you continue to post false information is
precisely becuase you insist on attemping a siplified explanation when
it fits your personal world view. You came out pretty strongly
against a sixth graders analytical skills in a previous post, why not
keep applying the same high standard to yourself?

To put it in simple terms, there was an annual budget surplus! Do you
deny that the federal government took in more dollars than it spent in
the 1999-2001 fiscal years?

Yes I do. When you borrow money, it counts as a debt, not a surplus.

If your simple explanation is true, how
do you explain the fact that the amount of debt held by the public has
increased since fiscal 2001 as evidenced by the link I provided
previously?

Your link sucks.



Suppose you owe $40 of debt. Suppose you make $100 a year. Suppose
you spend $90 a year. You now have $10 (a surplus). Suppose you
promise to pay for services in the future that you must pay for five
years from now at the cost of $20. At the end of the year, you still
have $10, which you use to pay down your debt of $40 to $30. However,
because of the promise to pay for services in the future, your debt
amount rises to $50. There was a surplus of dollars and the debt
continued to rise. It is very, very difficult to put things more
simply than this.

Pretty obvious that you're borrowing to pay your bills. This is not a
surplus.

Do you deny that there was a budget surplus in fiscal 1999 - 2001?

How many times do I have to tell you that there was NEVER a surplus?
If you make $100 a year, and spend $120, there is no surplus. If you
borrow $50 to pay the $20 deficit, you can't claim a $30 surplus.





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