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Originally posted by The Old AmericanThe entitlement crowd doesn't hold to well to having facts and graphs thrown at them.
A gift from President Clinton to the folks on his team, it was the first balanced budget in decades. But it wasn't supposed to be the last. Indeed, experts projected surpluses as far as the eye could see: $5.7 trillion in surpluses, to be exact. The surpluses were so strong that deep into the future—in 2009—the entire national debt was going to be zero. For the first time since Andy Jackson was president, the United States of America would not owe a dime.
It was instead a Republican House, a Republican Senate, and a Republican president who squandered the surplus. In full possession of the federal government for the first time since Eisenhower, the GOP—with, to be fair, some help from some very foolish Democrats—systematically dismantled the economic and fiscal policies that produced the strongest economy and largest budget surplus in our history. Specifically, they did four things: cut taxes (with a heavy tilt toward the rich), waged two wars on the national credit card (one of which was against a country that had nothing to do with 9/11 and posed no serious threat to America), passed a prescription drug benefit with no pay-for (the first entitlement in American history without a revenue source), and deregulated Wall Street (which helped turn the American economy into a casino and touched off the Great Recession).
What the GOP seeks is a banana republic: a toxic blend of right-wing populism, anti-intellectualism, debt defaults, and an end to the ladder of economic opportunity.
Originally posted by randomname
We are witnessing the collapse of the American Capitalist system.
Originally posted by TheWalkingFox
reply to post by The Old American
So ask yourself. Given that there have not been any truly significant spending increases in those three years ("Significant" in Washington terminology) where is all the debt coming from?
Paying for the massive spending increases that started after January, 2001, perhaps?
Way it looks to me, Obama didn't let the bull out of the pen, but he's the one stuck holding the rope.
Originally posted by DerekJR321
I swear if I see one more post claiming that Social Security is some sort of entitlement program I'm gonna scream.
Working AMERICANS pay into Social Security with every single paycheck they earn. We PAY for that. It is not GIVEN to us. The United States government has taken the money for Social Security and used it as they saw fit. Now that they can't pay it back, they figure its better to screw the American people rather than screw their bankster buddies or foreign nations.
Lets make this very clear. Social Security has been and still is paid for by working Americans. The United States government STOLE that money. They now figure it is easier to screw American's than to repay the money they looted. The American public is the largest holder of US debt. Period. The government robbed us, and if they choose to cut social security they are liars and thief's and every single one of them should be thrown out of office.