Truesee's Daily Wonder

And Romney got most of it while he bankrupted companies here in America, laid off workers, hide his money in Swiss account, Cayman Island.

Wealth NEVER trickled down,it ALWAYS cascades UP!
It's a Reagan manufactured Myth That Republicans and Conservatives cling to that they think the bottom 90% of wage earners believe.
The wealthiest wealth has grown tremendously because of legislation passed by Republican President's and Republican congress' while everyone else gained little in comparison.
It's a very unnoticeable trickle down in wage increases which was offset by inflation and a backward slide in benefits to pay for the vast wealth increase that the rich have seen over the last 30+years while depriving the treasury of needed revenue to the tune of trillions of dollars to pay for its contractual obligations to the bottom 90%.
That's why with Republican Presidents for 20 of the last 34 years the National debt in 32 years went from 1 trillion when Reagan took office to 11 trillion when Bush 2 left office.
It took Republicans in 20 years of office to accrue 9 of that 11 trillion and that's after Bush 2 blew a 1trillion budget surplus left him by President Clinton with a balanced budget to boot.
The ONLY President in U.S. History to EVER balance The Budget.

Productive people have been hiding their wealth from thieves for centuries.
They aren't going to stop just because some thieves have given themselves titles and fancy suits. Show me a nation that became wealthy, I'll show you a nation that productive people escaped to from somewhere else.

T-T, they'd have to be Intelligent to comprehend that.     I don't think soooooooo....!

Here's another of your lies revealed Booby: ( Hint , check out where it came from.)
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the Clinton Budget Surplus; Fact or Fiction?

Because 2008 has come to an end I am getting my financial house in order and creating my budget for 2009 and with our nations economy and our industry in turmoil for the past 2 years - 3 if you lived in Michigan like I did, my income and assets have taken a beating while my debts have risen far greater than I ever could have imagined.

The US National Public Debt has soared to more than 10 Trillion Dollars and I am more than a little concerned and you should be too. In addition to 1/2 Trillion dollars our fearless leaders in both executive and legislative branches of our government (Democrats & Republicans both are to blame) have borrowed since the new fiscal year began in October they have also guaranteed an additional 7 Trillion Dollars in loans for private sector.

Inflaming the issue is that you cant discuss it anywhere whether it be here, in congress or your local pub over a beer without a Democrat claiming that this Republican president had a surplus when he took office and that this is all his fault. Let me be clear, this isn't a partisan issue, this is an American issue so I don't want to hear from people blaming Republicans or Democrats because if you make those comments they will be deleted from this thread, period. I have written this post because our way of life is dangerously close to collapsing upon itself as a result of this debt. And this is a national security threat like terrorism, border security and the like because a weak fiancial house will bring down any nation just like it will bring down your family and mine if we aren't fiscally responsible!

What will One Trillion Dollars Buy?

For posterity you and I can't get our heads around those numbers because no one except for the US Gov't uses numbers that big but let me share with you what 10 Trillion dollars looks like written out;

$10,586,589,075,929.34

OK - now that we know the Total Public Debt is 10.5 Trillion what will it buy you?

According to Andrew Davis, Libertarian Party;

One trillion dollars ($1,000,000,000,000) is enough money:

To buy everybody living in Los Angeles at least one Lamborghini Gallardo.

To buy 88,052, 394' custom mega yachts; enough to stretch around ¼ of the world.

To buy everyone living in Belize and Malta a Manhattan apartment.

To get half of the Democratic Party into a fundraiser for Barack Obama at the $28,500 admission price.

To give one out of every two men in the United States a Men’s Presidential Rolex watch.

To buy every woman in the United States a Tiffany Diamond Starfish Pendant.

To get two Mitsubishi 73? HDTVs for every household in America.

To buy four copies of The Office: Season Four on DVD, to every person on earth.

To send everybody in America on an all-inclusive vacation to Tahiti (and some people can stay a few extra days).

$1 trillion is enough money for everyone in Buffalo, NY to buy their own 65-acre island in Panama.

This is how much the government is going to cost you (roughly $3,278 for every man, woman and child in the United States) so multiply that by 10.5 and there you have it, its an enormous sum of money to to anything with.

Where was the surplus?

The claim was made by Clinton himself that his administration had a surplus of $69 billion in FY1998, $123 billion in FY1999 and $230 billion in FY2000 . In that same link, Clinton claimed that the national debt had been reduced by $360 billion in the last three years, presumably FY1998, FY1999, and FY2000 however no matter how you add it, $360 billion is not the sum of the alleged surpluses of the three years in question ($69B + $123B + $230B = $422B, not $360B).

I am not defending the increase of the federal debt under President Bush, but it is disingenuous at the very least to say of promoting Clinton's record as having generated a surplus. It never happened. There was never a surplus and the cold hard facts support that statement. In fact, far from a $360 billion reduction in the national debt in FY1998-FY2000, there was an increase of $281 billion and so there is a gap in those numbers is 600 Billion Dollars!

You can verify these figures by accessing the U.S. Treasury website where the national debt is updated daily and a history of the debt since January 1993 can be obtained.
Because the government's fiscal year ends on the last day of September each year, and because Clinton's budget proposal in 1993 took effect in October 1993 and
concluded September 1994 (FY1994), here's the national debt at the end of each year of Clinton Budgets:

Fiscal
Year     Year
Ending     National Debt     Deficit
FY1993     09/30/1993     $4.411488 trillion     
FY1994     09/30/1994     $4.692749 trillion     $281.26 billion
FY1995     09/29/1995     $4.973982 trillion     $281.23 billion
FY1996     09/30/1996     $5.224810 trillion     $250.83 billion
FY1997     09/30/1997     $5.413146 trillion     $188.34 billion
FY1998     09/30/1998     $5.526193 trillion     $113.05 billion
FY1999     09/30/1999     $5.656270 trillion     $130.08 billion
FY2000     09/29/2000     $5.674178 trillion     $17.91 billion
FY2001     09/28/2001     $5.807463 trillion     $133.29 billion
As you can see, not once during the Clinton Administration did the national debt go down, nor did Clinton leave President Bush with a budget surplus that he spent at a frat party kegger. Yes, the budget was almost balanced in FY2000 (ending in September 2000 with a deficit of "only" $17.9 billion), but it never reached zero--let alone a positive number. Clinton's last budget proposal for FY2001, which ended in September 2001, generated a $133.29 billion deficit. The growing deficits started in the year of the last Clinton budget, not in the first year of the Bush administration.

President Bush assumed the office of presidency January 2001 and his first budget took effect October 1, 2001 for the year ending September 30, 2002 (FY2002). Therefore the $133.29 billion deficit in the year ending September 2001 was Clinton's. To be fair to Clinton, Bush supported a tax refund where taxpayers received checks in 2001 the cost was $38 billion, So even if we assume that $38 billion of the FY2001 deficit was due to Bush's tax refunds and not part of Clinton's last budget, that still means that Clinton's last budget produced a deficit of 133.29 - 38 = $95.29 billion.

Clinton did not achieve a surplus and he didn't leave President Bush with a surplus. Only in Washington can you use these accounting principles and not be convicted of accounting fraud under Sarbanes- Oxley aka; also known as the Public Company Accounting Reform and Investor Protection Act of 2002. Just ask Bernie Evers from World Com and his buddies from Enron and Tyco!

Where was the Myth Started?

That is very easy to answer; Bill Clinton himself;
President Clinton announces another record budget surplus

From CNN White House Correspondent Kelly Wallace

September 27, 2000
Web posted at: 4:51 p.m. EDT (2051 GMT

It's how you acquire your wealth. If you did it in an unethical productive way, you are the greater thief.

true tenaj,and we do not want another one in office.

Trolls!!!!! How you acquire your wealth??????? Ethically???????? Like Michelle and Barry?????HAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!The greatest scam perpetrated on America in 233 years. Yes troll we don't want another Barry in the office of the president.

Glad to see the electric shock treatments helped jarasan. But don't miss your next appointment.

Don't worry, dorkio.
We won't let him back in.
And as the leader of the libs here, you should know that he doesn't have a chance anyway.
We're gonna send Obumma packin' back to Chicago where he belongs with all the other crooks.
And then it'll be morning in America again.

FIGURES DON"T LIE,LIARS FIGURE!
The bottom line is,though,Reagan-Bush1 quadrupled the National debt in 12 years between them from 1 trillion when Reagan took office to over 4 trillion when Bush left,all done with NO wars to be paid for,Clinton added another trillion and 1/2 in his 8 years.George W. Bush in his 8 years doubled the national debt from just over 5 trillion to 11 trillion when you figure in his last spending bill and 2 wars he passed supplemental spending bills for.
President Bush is responsible for fiscal year Oct.2007 to Oct.2008 which defines the worse part of His and The Republicans Great Recession where 2 trillion in debt was added to the 11 trillion Bush left office with in Jan.2008 meaning President Obama has only added 2 trillion in his last 3 years which is far less spending per GDP per year than Bush2 Bush1,and Reagan.

You are right Bobbya, as usual. A group of us had to do a report in the days of Bush The comparsion was stunning how much the National Debt grew while Repuplican reign in power and they always talks about Democrats spending no comparsion.