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Qtec
11-16-2010, 02:05 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"><span style='font-size: 14pt'>Clinton announces larger White House budget projections, advocates debt payment</span>

December 28, 2000|Major Garrett/CNN

President Clinton announced updated White House budget projections Thursday which forecast a larger federal surplus over the next 10 years, <u>but the projected surplus is less than what some GOP analysts had hoped</u>.The figures, released by the Office of Management and Budget (OMB), indicate <span style='font-size: 17pt'>a roughly $800 billion increase from previous 10-year surplus projections, from $4.2 trillion to $5 trillion."These are conservative numbers," Clinton said at a White House news conference.
Last week, an official with <span style='font-size: 14pt'>the GOP-controlled Congressional Budget Office (CBO)</span> hinted that <span style="color: #CC0000">the 10-year surplus could grow to as much as $6 trillion </span>over the same 10-year period, a scenario which would provide ample room for President-elect George W. Bush's proposed $1.3 trillion tax cut plan <u>without eroding the Social Security trust fund.</u>

</span>Both the OMB and CBO offices include general government revenues and Social Security funds in their projections. The latest OMB figure would place the non-Social Security surplus at roughly $1.9 trillion."I have often said that I believe we should use a portion of the surplus to make critical investments in education, provide prescription drug benefits through Medicare to our seniors and have a targeted tax cut," Clinton told reporters.<span style='font-size: 17pt'>"A fiscally responsible approach that includes new investments ... <u>would still permit us to make America debt-free by the end of the decade,"</u></span> he added.The president said that the government will pay down $237 billion in federal debt during fiscal year 2001. He has long argued that reducing the debt translates into lower interest rates and substantial savings on mortgages and auto loans for millions of Americans." </div></div>

link (http://articles.cnn.com/2000-12-28/politics/clinton.budget_1_security-surplus-surplus-projections-white-house-budget-projections?_s=PM:ALLPOLITICS)

I'm sure there are still some demented souls who will still not accept these facts.

Q......small fact........if the Bush tax cuts for the top 5% goes back to the Clinton rate, it will pay for the shortfall in SS for the next 75 years.

Its tax the rich or don't complain about the slow service because the 69 yr old waiter is a bit slow.

Gayle in MD
11-16-2010, 03:59 AM
LOL, Repubs come in there yapping about balancing the budget, and the first thing they want is an unpaid tax cut, for millionaires and billionaires.

Exactly what destroyed us in the first place, unfunded tax cuts.

Unbelievable....

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LWW
11-16-2010, 04:02 AM
How does one "FUND" a tax cut?

LWW

Qtec
11-16-2010, 06:13 AM
Again, you have no answer , only a question.

You totally ignore the subject of the thread.
You try to change the subject instead of addressing the subject of the thread.

Clear?

I know its hard to swallow that Clinton's '<span style='font-size: 20pt'>Tax the rich</span> and control spending' agenda produced the biggest rise in employment EVER!

Be a man. Admit you are wrong.






Q

LWW
11-16-2010, 06:28 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body">Again, you have no answer , only a question.

You totally ignore the subject of the thread.
You try to change the subject instead of addressing the subject of the thread.

Clear?

I know its hard to swallow that Clinton's '<span style='font-size: 20pt'>Tax the rich</span> and control spending' agenda produced the biggest rise in employment EVER!

Be a man. Admit you are wrong.






Q </div></div>

I wasn't replying to you Snoopy.

As to your fantasy, as has been shown Clinton merely took credit for the success of the R congressional agenda ... which he fought to block.

LWW

Gayle in MD
11-16-2010, 08:01 AM
If they refused to see through this, they're hopeless....


http://www.youtube.com/watch?v=zteunEcP5-U

Gayle in MD
11-16-2010, 08:08 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">If the tax cuts are extended, the average benefit for tax units (roughly speaking, households) in the middle income quintile will be $880 per year.*** By contrast, tax units from the 80th to 99.9th percentile will gain $6,094 each, and the top 0.1 percent–those with over $2 million in annual income–will gain $339,473 each.

Now, $880 means a lot to a middle-class family, and I will no doubt be called heartless for saying we should extend the tax cuts for no one rather than everyone. But letting the tax cuts expire will be better for the middle class, for one big reason–actually, 3.7 trillion reasons.

$3.7 trillion is the figure that is generally cited as the projected ten-year impact of the Bush tax cuts. Letting the tax cuts expire will eliminate $3.7 trillion from the projected national debt with one stroke. Why does this help the middle class? Because Social Security and Medicare are currently under assault. The national debt is being used as a bogeyman to frighten politicians (and the people who elect them) into agreeing to significant reductions to Social Security and Medicare.

Yet middle-class households need Social Security and Medicare
</div></div>

eg8r
11-16-2010, 09:13 AM
Why isn't Clinton Obama's closest advisor? Obama is trying to outspend W in record time instead of following in the footsteps of Clinton. Why do you think that is so?

eg8r