Register for a FREE GoComics account and get this plus any other comic strip delivered to your Personalized
Comic Page, Daily. With a free account you will be able to build a Comic Page filled with the Comics you
want to see each day.
With the largest collection of Comics and Editorial Cartoons online there is plenty to choose from. Upgrade
to a GoComics Pro account (Only $.99/Month) and have unlimited archive access to decades of comics.
When cheney/shrub took office (and I do mean “took”) we had a surplus left by the Clinton administration. When Obama was sworn in, cheney/shrub/rumsfeld had left many trillions in debt due to two unfunded illegal wars in the middle east, undeserved tax cuts for the very richest people and the giant corporations, and trillions of dollars in profits for the defense and security corporations run by their friends.
“When cheney/shrub took office….” ♦ As a recommendation, I think you need to get your information from other sources than political talking point sites. On this particular post you should probably look at the Treasury Department and Library of Congress sites.
@ mikefive – Always good to get info from objective sources, mike. Haven’t you actually given us links to this information when it has been brought up in the past? I seem to recall reading material you provided on the direction our finances were taken from 98 through 2004… maybe someone else? You always back up what you say with links from objective sources, neighbor. Thanks for ‘edikating’ me. ;) Much appreciated. Respectfully, C.
Bush has nothing to do with the problems we have now. The blame Bush mentality needs to be arrested and O take responsibility for his excessive spending.
Clark, is the availability of illegal drugs better or worse under O than it was under Bush? Just wondering because you seem to be under the influence of something self medicated.
“You always back up what you say with links from objective sources,” ♦ I listed the House and Senate joint resolution numbers and the public law numbers from The Congressional Record as pertained to the second Gulf War and Afghanistan on Steve Kelly yesterday when Clark called the wars illegal. He also said there was no debt when Bush took office and I did a cut and paste from Treasury showing a near $6 trillion of debt. Perhaps, he did not return to view Steve Kelly yesterday. I hope that that is the case. ♦ I dislike seeing false information disiminated and I abhor my disiminating bad information. Rational conclusions cannot be reached when false or suspect data is used to reach those conclusions, and I refuse to give up my naivity (delusion?) in believing that humanity will reach better decisions and express reality based opinions on subjects if accurate data is presented. I know my belief in this is foolish and disconnected from reality, but I will hang on to my optimism regardless of those that refuse to incorporate knowledge rather than deception into their beliefs. And, no, I don’t expect everyone to reach the same conclusion on a given subject as I do. People may have additional information or personal experience that warrants different judgements than mine.
You know guys/girls, I took 30 seconds on google, punched in “deficit when Bush took office” and about a bazillion links came up. I intentionally picked one which I figured all of you wouldn’t contest on political grounds. Total time consumed, about 2 minutes with typing time. Is that so hard? Look at all the arguing that saves, well hopefully saves.
Most governments borrow by selling bonds and incur debt. Our problem is the degree of borrowing we do. Eventually the borrowing starts to incur costs (interest) on the debt that accelerates the problem, plus governments that use excessive debt financing often have their credit ratings downgraded which raises the cost (interest rate) of borrowing. We’ve experienced one credit rating downgrade and the credit ratings have already said America is in jeopardy of being lowered again.
Deficit != debt. Clinton and Congress had a $200B a year projected surplus when he left office. Bush Jr. immediately got rid of it when he cut taxes and went to war.
Deficit and debt are not the same. ♦ def·i·cit [def-uh-sit; British also dih-fis-it] Show IPA noun 1.the amount by which a sum of money falls short of the required amount. 2.the amount by which expenditures or liabilities exceed income or assets. 3.a lack or shortage; deficiency. 4.a disadvantage, impairment, or handicap: The team’s major deficit is its poor pitching. 5.a loss, as in the operation of a business. ♦ debt [det] Show IPA noun 1.something that is owed or that one is bound to pay to or perform for another: a debt of $50. 2.a liability or obligation to pay or render something: My debt to her for advice is not to be discharged easily. 3.the condition of being under such an obligation: His gambling losses put him deeply in debt.
- Mr. Payne continues to downplay the real threat that’ll land too many of us underwater (Climate Change), then amplifies a non-issue (debt). Kudos to President Obama for acknowledging it.
- Debt can be paid off.
- I guess this means Mr. Payne wants to raise taxes, especially upper marginal taxes.
- Officially, President Obama will be the best US President since FDR on 2017. Unofficially, he already is.
Called "the Thomas Nast of his time" by The National Review magazine, Payne is an informed journalist whose investigative writing has also made national headlines.
Pat Oliphant by Pat Oliphant
Joel Pett by Joel Pett
Comments (27) (Please sign in to comment)
Clark Kent said, 3 months ago
When cheney/shrub took office (and I do mean “took”)
we had a surplus left by the Clinton administration.
When Obama was sworn in, cheney/shrub/rumsfeld had left many trillions in debt due to two unfunded illegal wars in the middle east, undeserved tax cuts for the very richest people and the giant corporations, and trillions of dollars in profits for the defense and security corporations run by their friends.
mikefive said, 3 months ago
@Clark Kent
“When cheney/shrub took office….”
♦
As a recommendation, I think you need to get your information from other sources than political talking point sites. On this particular post you should probably look at the Treasury Department and Library of Congress sites.
gmgodsil said, 3 months ago
Skip Clark Kent. His heads planted where the sun doesn’t shine & he just doesn’t get it. Maybe it’s the O-Kool-Aid he’s drinking?
Respectful Troll said, 3 months ago
@ mikefive – Always good to get info from objective sources, mike. Haven’t you actually given us links to this information when it has been brought up in the past? I seem to recall reading material you provided on the direction our finances were taken from 98 through 2004… maybe someone else?
You always back up what you say with links from objective sources, neighbor. Thanks for ‘edikating’ me. ;)
Much appreciated.
Respectfully,
C.
uh-oh
said, 3 months ago
This nation depends on debt and indebtedness.
Quit whining about it.
Robert Mills said, 3 months ago
@Clark Kent
Two illegal wars? O said that the afghan war was the legit war unless youre calling him a liar or war criminal now?
Ms. Ima said, 3 months ago
Bush has nothing to do with the problems we have now. The blame Bush mentality needs to be arrested and O take responsibility for his excessive spending.
Ms. Ima said, 3 months ago
@Clark Kent
Clark, is the availability of illegal drugs better or worse under O than it was under Bush? Just wondering because you seem to be under the influence of something self medicated.
mikefive said, 3 months ago
@Respectful Troll
“You always back up what you say with links from objective sources,”
♦
I listed the House and Senate joint resolution numbers and the public law numbers from The Congressional Record as pertained to the second Gulf War and Afghanistan on Steve Kelly yesterday when Clark called the wars illegal. He also said there was no debt when Bush took office and I did a cut and paste from Treasury showing a near $6 trillion of debt. Perhaps, he did not return to view Steve Kelly yesterday. I hope that that is the case.
♦
I dislike seeing false information disiminated and I abhor my disiminating bad information. Rational conclusions cannot be reached when false or suspect data is used to reach those conclusions, and I refuse to give up my naivity (delusion?) in believing that humanity will reach better decisions and express reality based opinions on subjects if accurate data is presented. I know my belief in this is foolish and disconnected from reality, but I will hang on to my optimism regardless of those that refuse to incorporate knowledge rather than deception into their beliefs. And, no, I don’t expect everyone to reach the same conclusion on a given subject as I do. People may have additional information or personal experience that warrants different judgements than mine.
mickey1339
said, 3 months ago
@Clark Kent
“we had a surplus left by the Clinton administration.”
The numbers disagree with you. Clinton left a deficit of 5.6 trillion dollars.
http://www.npr.org/2011/01/25/133211508/the-weekly-standard-obama-vs-bush-on-debt
mickey1339
said, 3 months ago
You know guys/girls, I took 30 seconds on google, punched in “deficit when Bush took office” and about a bazillion links came up. I intentionally picked one which I figured all of you wouldn’t contest on political grounds. Total time consumed, about 2 minutes with typing time. Is that so hard? Look at all the arguing that saves, well hopefully saves.
mickey1339
said, 3 months ago
@uh-oh
“This nation depends on debt and indebtedness.”
Most governments borrow by selling bonds and incur debt. Our problem is the degree of borrowing we do. Eventually the borrowing starts to incur costs (interest) on the debt that accelerates the problem, plus governments that use excessive debt financing often have their credit ratings downgraded which raises the cost (interest rate) of borrowing. We’ve experienced one credit rating downgrade and the credit ratings have already said America is in jeopardy of being lowered again.
http://www.beaufortobserver.net/Articles-NEWS-and-COMMENTARY-c-2012-09-14-262671.112112-Americas-credit-rating-downgradedagain.html
Kylie2112 said, 3 months ago
@mickey1339
Deficit != debt. Clinton and Congress had a $200B a year projected surplus when he left office. Bush Jr. immediately got rid of it when he cut taxes and went to war.
mikefive said, 3 months ago
@Kylie2112
Deficit and debt are not the same.
♦
def·i·cit
[def-uh-sit; British also dih-fis-it] Show IPA
noun
1.the amount by which a sum of money falls short of the required amount.
2.the amount by which expenditures or liabilities exceed income or assets.
3.a lack or shortage; deficiency.
4.a disadvantage, impairment, or handicap: The team’s major deficit is its poor pitching.
5.a loss, as in the operation of a business.
♦
debt
[det] Show IPA
noun
1.something that is owed or that one is bound to pay to or perform for another: a debt of $50.
2.a liability or obligation to pay or render something: My debt to her for advice is not to be discharged easily.
3.the condition of being under such an obligation: His gambling losses put him deeply in debt.
ReFlex-76
said, 3 months ago
The irony:
- Mr. Payne continues to downplay the real threat that’ll land too many of us underwater (Climate Change), then amplifies a non-issue (debt). Kudos to President Obama for acknowledging it.
- Debt can be paid off.
- I guess this means Mr. Payne wants to raise taxes, especially upper marginal taxes.
- Officially, President Obama will be the best US President since FDR on 2017. Unofficially, he already is.