IgnoRant defense

[man of steel]

"The budget deficit has also been cut in half. Not the national debt but the annual budget when means the debt is growing at a slower rate because we don't have to borrow as much."

This was said multiple times by one of our most ignorant posters when it come to economic and budgets and none of his leftist supporters bother to shut him up about it. Confirms my belief that leftist don't care.as long as it sounds like a good talking point, even if it is IgnoRant

[BA Deere]

Hey ManofSteel, I think one`s political party loyalty really comes down to social issues.  In a nutshell, if you`re for gay marriage, you are a Democrat and don`t really give a rip about deficits, the numbers are greater than you have fingers and toes and inherently know it will never be paid off, but as long as the entitlement checks keep coming they keep pulling the "D" lever....whoooo-hooo Lucky sevens!!!!   ding ding ding.

Actually the fed chairperson has alot to do with deficits.  Paul Volker and his 20% interest ballooned Reagan`s budget deficits.  When Obola took over, Bernake and now Ms Yellan continue with near zero % interest.  If Obala had to pay the same interest rate other presidents had to pay, the pooch would`ve been screwed long ago.   Interest can`t go up at all of that`s all she wrote.

Dems like to talk about "Bush`s wars" however the same Dem retreads the voted for the war are still on the scene...madame secretary Hillary, Pelosi, Reid, Kerry, Schumer ect ect.   Obala called "mission accomplished in Iraq" ...oh no we aren`t done spending money there yet.  Perhaps, "Bush`s war" wasn`t a bad idea, it delayed Al Quada and contained ISIS.  Now like not changing the Fram oil filter we`ll pay more later.

[schnurrbart]

Maybe one of you mental midgets can explain this to me. You both know the difference between budget deficit and nation debt right? GTO posted a picture that said the budget DEFICIT had been cut in half. The picture didn't say anything about about the NATIONAL debt. Then you guys started ridiculing me and every other liberal for saying deficit. The deficit is important for really only one reason--the less it is means that it is that much less added to the national debt. You say I don't know anything about economics. OK I'll admit that I don't own stocks and never raised a bunch of hogs nor never farmed, but I do understand that if the annual budget goes over and you have to borrow money to make up the shortage, then that amount is added to your DEBT. Therefore, the less you have to borrow, means you have less debt to repay! But you go right ahead and make fun of me because that means you have less time to putznutz with someone else!

[man of steel]

You do understand that debt can go up even with a budget surplus, don't you? And that debt can go down even with budget deficits?

[OKdon]

Maybe you ought to explin how that works.

[man of steel]

I'll be glad to explain it but do you agree with my post?

[schnurrbart]

I won't know if I agree with your post until you explaîn it. Just don't get Racist in on it 'cause he has lost $50K in the last few weeks!

[man of steel]

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@schnurrbart wrote:
I won't know if I agree with your post until you explaîn it.

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Seriously???Niether you nor Don understand budget's surplus/deficit and debt?

What the heck were you all complaining about when Bush was running deficits? Remember mocking Cheney??? Remember "Deficits don't matter" ?????

Farmer Joe budgets $100,000. Farmer Joe rakes in $110,000. Farmer Joe had a $10,000 surplus.

Farmer Joe builds a $50,000 pole barn. Takes loan for $40,000

[schnurrbart]

That is what I'm saying deficits DO matter. The debt matters BUT they aren't the same thing. Deficits happen in govt on an annual basis. Debts are long term. When our annual budget spends only or less than what was budgeted, that is good. BUT when the govt spends more than it has, it must borrow the rest a and that becomes debt. So it is better, not good, that this year Obama's budget did not overspend as much by half of what it has been. Therefore, the debt did not grow as much this year as it has in the past.

[OKdon]

You are confusing operating losses with long term capital investment.