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« Gaddafi flees Libya; Assad shakes in Syria; Scotland in disarray | Main | 9-11 legacy: Fanatical suicide killings »

August 22, 2011

Comments

George

Social Security should be (re)segregated into a system where it can only pay out what it takes in. This will force it to become a sustainable system (which obviously will pay out much less).

Next, we'll work on doing something similar to the federal government.

mark

No, not any way. MSNBC just pointed out that Reagan had a higher percent increase. Obama is less than 50% and Reagan more than tripled it.

CJW

MSNBC is not a good source of information anything to do with politics and religion.

Frank Warner

MSNBC appears to be right on that. I admit it's too easy to tie debt only to presidents. But in fairness, Reagan had a mostly Democratic Congress to deal with during his two terms, and it always wanted to spent more than he did.

So far, Obama has had a Democratic Congress for two years, and a half-and-half Congress for nearly a year. During his less than three years, Obama has tried to spend more than has been spent.

Clinton had a balanced budget in 2000, but only because a Republican Congress forced it.

George

"Clinton had a balanced budget in 2000..."

I reject this claim. It is true that the government spent less than it took in but only because it was spending the Social Security surplus and replacing it with IOUs. The fact is that we were actually going deeper in debt the whole time.

The only true balanced budget is one which does not put you deeper in debt.

CJW

MSNBC is not right on anything. They are the most biased media organization on TV.

CJW

Obamanonics vs. Reaganomics

One program for recovery worked, and the other hasn't.

If you really want to light the fuse of a liberal Democrat, compare Barack Obama's economic performance after 30 months in office with that of Ronald Reagan. It's not at all flattering for Mr. Obama. The two presidents have a lot in common. Both inherited an American economy in collapse. And both applied daring, expensive remedies. Mr. Reagan passed the biggest tax cut ever, combined with an agenda of deregulation, monetary restraint and spending controls. Mr. Obama, of course, has given us a $1 trillion spending stimulus.

Spencer Hale

Yeah... too bad the U.S. can't file bankruptcy and restructure it's debts.

Neo

If you voted for Obama in 2008 to prove you’re not a racist, you have to vote against Obama in 2012 to prove you’re not an idiot.

George

Since 1948, the oldest data BLS has, there have been 46 months in which the unemployment rate has been 9% or higher. Twenty six of them have occurred during the 31 months of the Obama administration.

Frank Warner

George, I believe Clinton's (and the Republican Congress's) 2000 surplus did not count any Social Security money. Those who say Clinton had more than one year of balanced budgets do include Social Security cash, and that's bad accounting.

George

Frank: You're half right. They counted the Social Security income. They didn't count the part where they borrowed it and spent it.

Clinton often takes credit for "paying down the debt." The fact is that the debt was constantly going up under Clinton; it never went down.

Frank Warner

Hmmmm...

web design London

I admit it's too easy to tie debt only to presidents. But in fairness, Reagan had a mostly Democratic Congress to deal with during his two terms, and it always wanted to spent more than he did.

CJW

The Supercommittee’s Failure: What Really Happened

If the voters understood how the Democratic Party has blocked every effort to bring fiscal sanity to Washington, would a single Democrat be returned to Washington next November?

adammarleymtts

The fact is that we were actually going deeper in debt the whole time...

met

Reagan lowered taxes way too much. His job creation record was great but he tripled our debt. We were the #1 creditor in the world when he got into office, when he left we were the #1 debtor in the world. Deficit spending was born.....

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