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  • Why People Are Angry

    "So little pains do the vulgar take in the investigation of truth, accepting readily the first story that comes to hand." Thucydides 1.20.3

  • #2
    Even the sailors are angry, because people are comparing this spending to some tipsy sailors'... Which frankly is an insult to the sailors... The US must have a bottomless money pit...
    "They want to test our feelings.They want to know whether Muslims are extremists or not. Death to them and their newspapers."

    Protester

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    • #3
      Originally posted by Shek View Post
      I wonder how we ran up so much debt with those deficits earlier in the decade. In the visual it only looks like a couple trillion.
      Where free unions and collective bargaining are forbidden, freedom is lost.”
      ~Ronald Reagan

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      • #4
        Originally posted by Roosveltrepub View Post
        I wonder how we ran up so much debt with those deficits earlier in the decade. In the visual it only looks like a couple trillion.
        The reason why there's a large discrepancy between the deficits illustrated on the chart (which amount to about $2 trillion) and the actual national debt accrued ($4 trillion) is because the deficits illustrated display the total deficit/surplus. The $2 trillion surplus loaned from Social Security and Medicare, which they now own in the form of T-bills and T-bonds, offset the deficits by that amount, but result in almost $2 trillion in debt due to them from the Treasury some day.

        For example, in 2003, the fiscal situation for the federal gov't was:
        On-budget surplus: $-538 billion
        Off-budget surplus: +$160 billion
        Total surplus: -$378 billion

        So the actual deficit was $378 billion, while the government accrued $538 billion in debt, $160 billion of which was debt one government department owes to two government agencies. Make sense?
        "Every man has his weakness. Mine was always just cigarettes."

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        • #5
          Are people really that angry. I certainly don't see it much in my day to day life. Most of the people who seem to be angry are the ones who are always angry about something.

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          • #6
            Originally posted by Roosveltrepub View Post
            I wonder how we ran up so much debt with those deficits earlier in the decade. In the visual it only looks like a couple trillion.
            The graphic also includes the Clinton gloabalization/dot com boom surpluses, which chips away a little bit as well.
            "So little pains do the vulgar take in the investigation of truth, accepting readily the first story that comes to hand." Thucydides 1.20.3

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