OT: Bimbo Eruptions

[markmax33]

[quote=SK in CV]

First, your claim was simply false, regardless of the reason. You said “there hasn’t been a President with a balanced budget”. Just dead wrong.

And beyond that, the Fed didn’t lower interest rates. The average federal funds rate during the surplus years was 5.51%. The average for the 2 years before that was 5.43%. They RAISED rates on average. And before those 5 years? They raised rates by 2.5%. They didn’t begin lowering rates until the last 5 months of his final budget year (the last BETTER than balanced budget year) . When some other guy was already president.

Fail.[/quote]

STFU. Interest rates over the last 30 years were probably 8% average and Clinton had a “balanced” budget because the stock market took off in 1999 and tax revenues went up exponentially. It crashed 1-2 years later. Clinton DID NOTHING TO BALANCE THE BUDGET. He was the benefit of luck by the fed policies at the time.

[all]

Candidates Certification Exam should be paired with Voters Certification Exam, multiple choice ok. Actually, Voters Certification Exam alone would be more efficient than the proposed CCE.

[SK in CV]

[quote=markmax33]
STFU. Interest rates over the last 30 years were probably 8% average and Clinton had a “balanced” budget because the stock market took off in 1999 and tax revenues went up exponentially. It crashed 1-2 years later. Clinton DID NOTHING TO BALANCE THE BUDGET. He was the benefit of luck by the fed policies at the time.[/quote]

But you were still wrong. Let me repeat what you said.

“there hasn’t been a President with a balanced budget”

There was. Three years in a row. You can make excuses. Explain it away. But your assertion is still wrong. It DID happen.

But..on the other hand….if Clinton was the “benefit [sic] of luck by the fed policy [sic] (again)”, and the fed has been keeping interest rates low for 30 years….how come it never happened before? If the fed could make that kind of magic, why didn’t they? hmmmmm.

And i know this isn’t really relevant. But when you just throw big words around that you don’t understand, it bugs me. Tax revenue went up. It did not go up exponentially. That’s a big word. You shouldn’t be using it. And the stock market didn’t take off in 1999. It took off in 1995. And didn’t crash 1-2 years later. It crashed 4 months after he left office, which would have been after about 6 1/2 years. Which is when the Fed lowered interest rates. But the budget was still balanced that fiscal year! Because of Fed magic! Oh, and the average federal funds rate over the last 30 years has been 5.14%.

4 mistakes in facts.
1 misuse of a big word.
1 gramatically butchered sentence.

All in a 5 line post.

I think we have a winner!

[scaredyclassic]

personally i enjoyed the clinton presidency. i was in kind of a good mood for most of it.

i also remmeber the stock market taking off around 1995. a co-worker was talking to me about going all in on tech stocks. i stupidly tried to explain to him something about efficient market hypothesis i had sort of learned in a securities regulations class in law school.

what a maroon. what a dope.

i was young then.

[svelte]

We are a year out from the Prez election and already we have a preponderance of political pieces filling this board, each with orations by participants nearing meltdown temperatures.

2012 should be fun!

[urbanrealtor]

[quote=SK in CV]

4 mistakes in facts.
1 misuse of a big word.
1 gramatically butchered sentence.

All in a 5 line post.

I think we have a winner![/quote]

Not exactly a ringing endorsement of de-nationalizing education.

Good catch SK

[enron_by_the_sea]

Quote from Jon Stewart:

“Ron Paul: The guy’s for Gay Marriage, Legalizing drugs, and against Military Spending. He’s criticized Ronald Reagan. He’s certainly capable of winning his party’s nomination, but the Republicans ain’t his party!”

http://www.thedailyshow.com/watch/thu-november-10-2011/indecision-2012—mercy-rule-edition?xrs=share_copy

[urbanrealtor]

[quote=enron_by_the_sea]Quote from Jon Stewart:

“Ron Paul: The guy’s for Gay Marriage, Legalizing drugs, and against Military Spending. He’s criticized Ronald Reagan. He’s certainly capable of winning his party’s nomination, but the Republicans ain’t his party!”

http://www.thedailyshow.com/watch/thu-november-10-2011/indecision-2012—mercy-rule-edition?xrs=share_copy%5B/quote%5D
Awesome.

[markmax33]

[quote=SK in CV][quote=markmax33]
STFU. Interest rates over the last 30 years were probably 8% average and Clinton had a “balanced” budget because the stock market took off in 1999 and tax revenues went up exponentially. It crashed 1-2 years later. Clinton DID NOTHING TO BALANCE THE BUDGET. He was the benefit of luck by the fed policies at the time.[/quote]

But you were still wrong. Let me repeat what you said.

“there hasn’t been a President with a balanced budget”

There was. Three years in a row. You can make excuses. Explain it away. But your assertion is still wrong. It DID happen.

But..on the other hand….if Clinton was the “benefit [sic] of luck by the fed policy [sic] (again)”, and the fed has been keeping interest rates low for 30 years….how come it never happened before? If the fed could make that kind of magic, why didn’t they? hmmmmm.

And i know this isn’t really relevant. But when you just throw big words around that you don’t understand, it bugs me. Tax revenue went up. It did not go up exponentially. That’s a big word. You shouldn’t be using it. And the stock market didn’t take off in 1999. It took off in 1995. And didn’t crash 1-2 years later. It crashed 4 months after he left office, which would have been after about 6 1/2 years. Which is when the Fed lowered interest rates. But the budget was still balanced that fiscal year! Because of Fed magic! Oh, and the average federal funds rate over the last 30 years has been 5.14%.

4 mistakes in facts.
1 misuse of a big word.
1 gramatically butchered sentence.

All in a 5 line post.

I think we have a winner![/quote]

You know what, I was drinking a little bit last night, but you are STILL ABSOLUTELY 100% wrong. There HAS NOT BEEN BUDGET IN 30 YEARS OR MORE. Clinton’s “balanced budget” didn’t include Social Security, Medicare OR Medicad deficits. That’s the national education system for you. You are wrong on all accounts and I’ll graciously be accepting your apology AT ANY TIME! I REPEAT the only candidate that has a shot at balancing the budget and stopping us from becoming Greece is Ron Paul.

[markmax33]

[quote=urbanrealtor][quote=enron_by_the_sea]Quote from Jon Stewart:

“Ron Paul: The guy’s for Gay Marriage, Legalizing drugs, and against Military Spending. He’s criticized Ronald Reagan. He’s certainly capable of winning his party’s nomination, but the Republicans ain’t his party!”

http://www.thedailyshow.com/watch/thu-november-10-2011/indecision-2012—mercy-rule-edition?xrs=share_copy%5B/quote%5D
Awesome.[/quote]

Jon Stewart also loves him and has basically endorsed him numerous times.

[markmax33]

[quote=urbanrealtor]
Not exactly a ringing endorsement of de-nationalizing education.

Good catch SK[/quote]

Too bad was wrong 100% wrong.

[markmax33]

[quote=urbanrealtor]
Not exactly a ringing endorsement of de-nationalizing education.

Good catch SK[/quote]

Too bad he was wrong 100% wrong.

[Allan from Fallbrook]

[quote=markmax33] I REPEAT the only candidate that has a shot at balancing the budget and stopping us from becoming Greece is Ron Paul.[/quote]

Mark: I’m as conservative as they come and I am all for fiscal prudence and getting “one’s house in order”, but I’m getting ever more irritated with the odious comparisons between the US and Greece.

We are not Greece, there is NO worry that we will become Greece and the oft-repeated meme about how we’re about to follow the Greeks down the shitter is demonstrably false in a wide variety of ways.

To keep it simple, let’s just focus on two. First, Greece does NOT have the option of borrowing in her own currency, unlike the US, which does.

Second, Greece does NOT hold the power over the world’s reserve currency, the US dollar, which the US does. For better or worse, we essentially control that particular spigot and that doesn’t appear to change anytime soon.

I’ll throw a third one out there as well. In spite of the fact that things are dire now and we’re governed by feckless ideologues (the GOP) and bumbling appeasers (no, not the French, the Dems), the US remains the world’s most powerful economy and that also is not likely to change soon, all claims about China’s rise to the contrary. While our situation is dire, it is not irreversible, nor are our problems insoluble. Greece’s situation, on the other hand, is far, far worse and is unlikely to get better anytime soon, if at all.

[Anonymous]

Spot on, Allan. I agree the comparisons between the US and Greece are tiresome and completely out of proportion.

Greece is like an alcoholic that destroyed their liver – only something drastic as a full transplant can save the patient and even then there will be permanent damage.

The US situation is more like a bout of gonorrhea: it’s curable – with the right medicine – and a relapse can be avoided if we just behave ourselves a little better.

[urbanrealtor]

[quote=markmax33]

Jon Stewart also loves him and has basically endorsed him numerous times.[/quote]

Um no.

Jon Stewart and lots of liberals (including me) like Ron Paul but do not agree with his positions.

I really seriously like Ron Paul.
He is consistent and intelligent and apparently honest.

I would still not vote for him.

I am glad people vote for him because it splits the right.

His popularity is a boost for Obama (for whom I will actually vote).

Now you are misrepresenting Jon Stewart’s position.

[Author]

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