0
   

priorities to restore US economy

 
 
realjohnboy
 
  3  
Reply Fri 19 Sep, 2008 01:01 pm
@Woiyo9,
Woiyo9 wrote:

Dont you feel somewhat stupid now?

I don't know who you are addressing that to. You seem to be confusing surplus/deficit and national debt. For a couple of years during the Clinton administration the country took in more than it spent (i.e ran a surplus) and was able to pay down the national debt by a pittance. That rarely happens in our economy. You can google the graphs on surpluses/deficits and national debt to see.
The analogy would be this: Last year, I made $15000 and spent $14000 on rent, food, gas etc. So I had a $1000 surplus. I used that money to pay down my student loan, so my accumulated personal debt went down by $1000.
I think that was the point that you find "stupid."
Ramafuchs
 
  -3  
Reply Fri 19 Sep, 2008 01:35 pm
@realjohnboy,
The analogy would be this: Last year, I made $15000 and spent $14000 on rent, food, gas etc. So I had a $1000 surplus. I used that money to pay down my student loan, so my accumulated personal debt went down by $1000.
I think that was the point that you find "stupid."
So according to your above achievment USA's economy is unassailable?
0 Replies
 
 

Related Topics

Obama '08? - Discussion by sozobe
Let's get rid of the Electoral College - Discussion by Robert Gentel
McCain's VP: - Discussion by Cycloptichorn
Food Stamp Turkeys - Discussion by H2O MAN
The 2008 Democrat Convention - Discussion by Lash
McCain is blowing his election chances. - Discussion by McGentrix
Snowdon is a dummy - Discussion by cicerone imposter
GAFFNEY: Whose side is Obama on? - Discussion by gungasnake
 
Copyright © 2022 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.03 seconds on 01/23/2022 at 03:01:35