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On 11/15/13, 3:08 PM, Califbill wrote:
"F.O.A.D." wrote: On 11/15/13, 2:06 PM, Mr. Luddite wrote: On 11/15/2013 12:24 PM, wrote: On Fri, 15 Nov 2013 10:48:54 -0500, "F.O.A.D." wrote: Bernie Sanders: http://www.youtube.com/watch?v=dq-xjwgol4Q Bernie uses a lot of platitudes that are not exactly true in his tirades against the job makers. The Clinton "surplus" was mostly projections based on the dot com bubble never ending. The cost of the Iraq war is inflated. We were already in an Iraq war when Bush came in and it wasn't cheap then. Pension costs are going to be there no matter what. The tax cuts were across the board, not just for the rich. That is why almost half of the people pay no income taxes at all. Clinton's "surplus" was also a result of excess Social Security revenues that were transferred to the General Fund. The excesses were the result of a robust but artificial economy based on dot.com companies that never produced a product. The transfer of excess SS revenues to the General Fund is legal but it's a bit of creative accounting to claim it erased the deficit and produced a surplus. I'm sorry, I must have missed the off budget accounting for the two wars Bush started. Actually, they were wars Clinton was involved in, and Bush just continued. Oh, right, because Clinton dispatched so many troops into Iraq and Afghanistan. Right, I get it...Bush just "continued" the wars. -- Religion: together we can find the cure. |
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