I see that moron #1 is as confused & ignorant as moron #2. Both morons do not know the difference between the national debt
and the annual federal budget
The national debt...
...is the net accumulated borrowing by the federal government.
It's the difference between all the money that our federal government
has ever spent and all the revenue that it has ever collected since our
nation's inception.The annual federal budget deficit...
...is the amount that our federal government borrows each year.
It's the difference between what the federal government spends and
the revenue it receives during a particular year.
So each year's deficit is added to the existing debt. When revenue exceeds spending,
it's called a surplus, which subtracts from the debt.http://www.afn.org/~concord/coalition/debtdef.htm
And no edge, I don't find it acceptable...
Fascinatiing how there was never any outrage by conservatives. Ya'll never bitched & cried about it for 8 years during the Bush administration. Why is that?
But now that he's in office it's o.k. for him to continue down that path?
The same Bush-Cheney policies are still in effect, genius:
-Trillion dollar tax cuts for the top one percent
-Billion dollar tax cuts for billion dollar oil companies- see Dick Cheney
-Billions in tax subsidies for big agriculture
-Corporate welfare billion dollar tax loop holes- See General Electric
-Drug prescription program