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Politics Nothing goes with politics quite like crying and complaining, and we're a perfect example of that.

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Old 08-08-2011, 05:33 PM   #1
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Default Federal Budget Surpluses @ Increasing Debt

Some time back Ipsy asked how the national debt could increase when an administration claimed a budget surplus. After asking numerous college accounting professors and a couple CPAs, no one knows for sure. All agree that it could be caused by unpaid interest on the debt.

In 1967 or 68 the US was supposed to have a budget surplus but the national debt went up that year too. However, in about 1956 and 57 there were budget surpluses and the debt went down.

http://130.94.230.21/debt_history.htm
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Old 08-08-2011, 05:39 PM   #2
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Thanks. The most important part of that link to read,


"It's the entitlements stupid!"
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Old 08-09-2011, 12:46 PM   #3
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New debt ceiling deal (8/2/2011)

The debt ceiling negotiation reveals one truth, that this nation is controlled by a covert dictatorship which represents the interest of a rich people group, and the so said law makers don't represent the voters any more.

1. The tax cut law was proposed and carried out by former present Bush. It is proved being a failed policy. In Bush's eight years term, the national debt raised from 6 trillian to 12 trillian. His tax cut law contributes big in debt increasing. Yet, when Obama wanted to recover the tax rate on rich people, the law makers resisted. It proves they are now working for a little group of rich people not for the majority of Americans.

2. War in Iraq and in Afghanistan is another factor to the deficit of the budget. US military expense and war expense add together almost equal to the total expense of all other countries in this world. That's an extra heavy burden of the American tax payers. The strange thing is nobody dares to speak out. No media, no politician dares to finger at it. It's another proof the US has become a covert dictatorship. In it media and politicians all are controlled by the Inside group. They no longer are the voice of people.

3. The victim of the new balance deal will be the American people. More people will lose their jobs and welfare aid in new budget. They will have less money to spend. How could economy recover in this foundation? The economy of US will continue remain in stagnation if not going worse.

4. The result of today's situation is people can't elect their own representatives. The government insiders have controlled the intelligence and the media. They select politicians of their own through rigged election. (because they control the intelligence) They justify the election result through the fake poll of the media.
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Old 08-19-2011, 03:42 PM   #4
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I say it in this way. Bush took over a house from Clinton which was beautiful decorated. (with surplus) He damaged it with big hole on wall and roof. (tax deduct and war and historical low interest which created the housing crisis) He left the house to Obama. Obama has to spend a lot to repair the dent Bush created. That extra money became a huge deficit. (As Lind C. said that Obama's deficit is bigger than Bush's) Whose fault?
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