Funny Cartoon!
#16
boy...that's funny.
"The federal budget surplus for fiscal year 1999 was $122.7 billion, and $69.2 billion for fiscal year 1998. Those back-to-back surpluses, the first since 1957, allowed the Treasury to pay down $138 billion in national debt."
and who was in office during this time?
big bush left $482 billion deficit for Obama... Obama didn't cause the economy to collapse...how short are your memories?
"The federal budget surplus for fiscal year 1999 was $122.7 billion, and $69.2 billion for fiscal year 1998. Those back-to-back surpluses, the first since 1957, allowed the Treasury to pay down $138 billion in national debt."
and who was in office during this time?
big bush left $482 billion deficit for Obama... Obama didn't cause the economy to collapse...how short are your memories?
#18
Originally Posted by Krissrock,Mar 18 2010, 06:47 AM
boy...that's funny.
"The federal budget surplus for fiscal year 1999 was $122.7 billion, and $69.2 billion for fiscal year 1998. Those back-to-back surpluses, the first since 1957, allowed the Treasury to pay down $138 billion in national debt."
and who was in office during this time?
big bush left $482 billion deficit for Obama... Obama didn't cause the economy to collapse...how short are your memories?
"The federal budget surplus for fiscal year 1999 was $122.7 billion, and $69.2 billion for fiscal year 1998. Those back-to-back surpluses, the first since 1957, allowed the Treasury to pay down $138 billion in national debt."
and who was in office during this time?
big bush left $482 billion deficit for Obama... Obama didn't cause the economy to collapse...how short are your memories?
#19
Originally Posted by Vanishing Point,Mar 18 2010, 09:08 AM
Using your 482 billion figure, the current indebtedness is 12.5 trillion. So the mushroom cloud in the cartoon is being optimistic at best.
Who does the US actually owe money to? People who invested in bonds and stuff? Any time a bill needs to be paid the government just pays it in cash. Is there it implied that this cash is coming from a credit line?
When the government "pays down" the national debt, who exactly is getting the money?
#20
Originally Posted by Krissrock,Mar 18 2010, 09:47 AM
boy...that's funny.
"The federal budget surplus for fiscal year 1999 was $122.7 billion, and $69.2 billion for fiscal year 1998. Those back-to-back surpluses, the first since 1957, allowed the Treasury to pay down $138 billion in national debt."
and who was in office during this time?
big bush left $482 billion deficit for Obama... Obama didn't cause the economy to collapse...how short are your memories?
"The federal budget surplus for fiscal year 1999 was $122.7 billion, and $69.2 billion for fiscal year 1998. Those back-to-back surpluses, the first since 1957, allowed the Treasury to pay down $138 billion in national debt."
and who was in office during this time?
big bush left $482 billion deficit for Obama... Obama didn't cause the economy to collapse...how short are your memories?
Oh yeah, that stimulus package that wasted about $4 billion.