Drill Now for oil

Most spelling corrections are unproductive.

John

I think your timing's off here...the Clinton internet bubble started going in 1994, popped at the end of 2000 into early 2001.

Clinton did not balance the budget--he spent at the usual rate, but enjoyed much higher revenues, plus was able to cash in on the post Cold War peace dividend by slashing the military[1]. Gridlock restrained spending nicely too.

A few figures here (compare the revenue changes from year-to-year for each time period):

You'll see revenue dove instantly in 2001 as Bush took office, and before any of his policies could take effect.

You'll also see Mr. Bush has been spending VERY prodigiously on social programs.

As far as Enron, they were a go-go-go product of the internet bubble, were established in that time, and under the regulation of that day. Ken Lay was tight with the powers-that-were, including Mr. C.

Cheers, James Arthur

Sounds like you have it figured out.

Please provide data.

Even if he could, he wouldn't know how to read it.

"[T]he most reckless and treacherous of all theorists is he who professes to let facts and figures speak for themselves." -- Alfred Marshall

s: snipped-for-privacy@4ax.com:

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=A0 =A0 ...Jim Thompson

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ah yes, right wing thinking at it's clearest: "the majority of Americans don't live where there are a lot of people". see also "nobody goes there any more, it's too crowded".

make

read

Damn! I thought it was my gun! Damn you, founding fathers, you buggered it up!

Since one is quickly 106% converted to the other, what's the dif?

Cheers, James Arthur

No, fact. Let him show how the unemployment rate can be low while the number of jobs hasn't kept up with the population growth and the rest of the Democrat talking-point claptrap.

It doesn't "come due" at all.

There has to be some debt. If the national debt were zero, government bonds wouldn't exist, so the "knobs" used to dampen the economy wouldn't exist.

Better the tooth fairy left us all a million bucks too.

Wow! What a retelling of history! BTW, your nose is growing.

The budget was "balanced" on the .bombs back. When that revenue went away the so did the "balanced" budget.

More lies. The recession, if there really was one, happened

Now he moves the goal posts.

The neocon tax cutters have a poor record at cutting spending - they borrow to make up for less tax revenue, and spend like Democrats. This started with the Reagan administration.

- Don Klipstein ( snipped-for-privacy@misty.com)

So you want taxpayers to pay interest on it forever?

I would think a trillion or two is enough.

There's always the silver bullet, inflation.

By international standards, the US debt as a fraction of GDP is low...

And we have a young, vogorous population to keep producing and paying, which they mostly don't. Italy and especially Japan have horrendous prospects here... many times our debt and very low birth rates.

John

Yep, A "vogorous" population always helps ;-)

The Europeons seem to be in terrible shape also.

...Jim Thompson

Good grief. OPEN YOUR LEFTIST WEENIE EYES! You might start with=20 the aftermath of the Kennedy, Reagan, and Bush tax cuts. =20

--=20 Keith

"They" don't have a record of cutting spending.

"Sacred cows run in herds." -- David Stockman, Reagan OMB Director

Opening their eyes will do no good. Their minds are still closed :-(

...Jim Thompson

-- | James E.Thompson, P.E. | mens | | Analog Innovations, Inc. | et | | Analog/Mixed-Signal ASIC's and Discrete Systems | manus | | Phoenix, Arizona 85048 Skype: Contacts Only | | | Voice:(480)460-2350 Fax: Available upon request | Brass Rat | | E-mail Icon at

Nice metaphors. Meaningless and wrong, but nice anyway.

Nonsense. Taxes on businesses kill growth, which strangles the economy. If you want to compete in the world, drop *ALL* taxes on business. There wouldn't be enough people to fill all the jobs.

But if you want to eliminate welfare (both the street corner bum type and the corn growing type), I'm all for it.