reverend B
Senior Veteran
jsn112 said:Clinton didn't reduce the deficit. He reduced debt, which is yearly. And that is why the liberals kept saying there is a surplus. The deficit was always there. There's a difference.
your right. there is a difference. the deficit is how far short our budget comes from meeting our expenses. this is what he eliminated by bringing in a balanced budget for the first time in decades, which created a budget surplus that we COULD have used to pay down our debt, but this administration had "better" ideas for that money. the debt is the accumulation of what we have spent on credit and the accumulation of the the deficit over the years. this was also reduced.
I thought majority of businesses if they want to borrow, they borrow it from loaning instition, not the government except for the big businesses like Ford?
You talk like the government handles all loans.
in a way they do. lending is a retail business. you buy money at wholesale and sell it at retail. where do you think the lending institutions borrow their money? hint: they aren't paying the vig to a loanshark.
Did you know top 10% of the richest people pay over 60% of annual income tax? And did you know that bottom 50% less than 5%? So, what's my point? Stop punishing the rich people! When did the U.S. ever became a communist State trying to take the rich people money away? If I work hard and lucky enough to earn lot of money, why am I being punished?
I swear you liberals(democrats) want this country to be more and more like the communists.
first of all, they are making 80%of the money that is being earned, so that makes good sense. second, as a christian having that kind of money is a gift that you are privileged to be able to share. if you can't live well on millions, you need to tighten your belt, like the lower 50% do. the effect of the 5% of taxes on the bottom 50% probably effects their lifestyle more than the 60% of taxes effects the top 5.
the truth will set you free!
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