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Response to Samantha (Reply #8)

Thu Nov 29, 2012, 05:02 PM

9. I hate to be picky but there is a difference between the Debt and the Deficit

We do not have a sixteen trillion dollar deficit. We have a sixteen trillion dollar Debt. The Debt is created because of all the Annual deficits that have been run over the years.. Clinton oversaw Budget surpluses and was actually beginning to pay down the Debt, then along came Bush* and Republican economics and every year of the Bush* Administration we saw Record deficits. The first two years of the Obama Administration we also saw record Deficits but they have since started to fall and it is conceivable that by the end of his term we may actually see a Surplus again.. Democrats do that. they manage the country's finances quite well while Republicans on the other hand do the exact opposite. Reagan tripled the National Debt, Bush 1 raised it by another trillion dollars and Bush* the lessor doubled the Debt after Clinton had been reducing it....And for some mysterious reason people think Republicans know what they are talking about when it comes to the nation's economy..

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DonViejo Nov 2012 OP
liberal N proud Nov 2012 #1
hibbing Nov 2012 #2
Myrina Nov 2012 #5
Berlum Nov 2012 #6
John2 Nov 2012 #3
loyalkydem Nov 2012 #4
ROBROX Nov 2012 #7
Samantha Nov 2012 #8
LineLineNew Reply I hate to be picky but there is a difference between the Debt and the Deficit
Bandit Nov 2012 #9
DallasNE Nov 2012 #11
DallasNE Nov 2012 #10
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