"Peaceful Bill" wrote in message
...
Opus--Mark H. Bowen wrote:
"Peaceful Bill" wrote in message
...

The cause for most of the debt are the entitlement programs created by
the Democrats.

Please provide proof--actual facts--that support this laughable
assertion.


http://www.msnbc.msn.com/id/10609044/

Entitlement programs eat up more than half the budget.

"The cause for most of the debt are the entitlement programs created by
the Democrats." (your words)

You are mixing apples and oranges. The federal budget and the National Debt
are two different things. Federal borrowing is running up the federal
debt--whether it is leaving Treasury Securities in the Social Security Fund
or selling Treasury Securities to the Japanese, Chinese, English, or all
others.

Here's a website with a nice easy to read pie-chart showing who owns what
portion of our nation's debt--as or June 2007.
http://www.optimist123.com/optimist/...-billion-.html

This is quite informative as well.
http://en.wikipedia.org/wiki/United_States_public_debt

"the biggest holder of Treasury debt was the U.S. government itself, with
about 52 percent of the total $8.5 trillion in paper that's out there. Most
of the government’s holdings are massive savings accounts for programs like
Social Security and Medicare." http://www.msnbc.msn.com/id/17424874/

One of the "mandatory spending" programs that you might call an entitlement
is
"interest on National Debt--9% of budget.

Yes, Social Security is 21% of budget--but it is fully funded, except that
both parties tend to rob form it
and leave Treasury Securities as IOUs.

Medicare and Medicaid/SCHIP is about 7.2% of the budget--part of Medicare
pays for itself and part doesn't.

Then there's Unemployment, Welfare and other mandatory spending at about
11.2% of
the budget.
http://useconomy.about.com/od/fy2008..._Mandatory.htm
http://en.wikipedia.org/wiki/Image:F...bycategory.png

Now which of these useless programs are you willing to do away with? We
could simply stop paying on the National Debt--of course we could say
goodbye to the American way of life as we know it. Perhaps we could rescind
the Unemployment Compensation Tax--of course then anyone who lost their job
would have to steal, rob, or pillage their way to a better life. We could
could rescind the Social Security taxation system--but then all of those
poor people paying a few extra cents a gallon for gas wouldn't really need
any gas as they would simply waste away. You know these are the folks that
didn't quite make it educationally or were too lazy to find high paying
positions as CEOs, or maybe they were just unfortunate entrepreneurs and
small business folks that fell on hard times. Nonetheless, let them eat
cake, right! I know, why don't we rid ourselves of that pesky Medicare and
Medicaid/SCHIP--I mean, old people need to die anyway, and if they're dead
they won't need any medications and the children who are provided for by
SCHIP can scrounge for healthcare the best they know how, right.

OOOOOHHH NOOOOOO Mr. Bill!!!!!!!!!!!!!!!!

And why is there a housing / mortgage crisis? Banking crisis? Were
those a result of laws passed during the Clinton administration to make
it easier to get mortgage loans? Just what was the origin of the
sub-prime crisis?

I'd say it's greed unregulated among a very protected group and that both
parties are to blame, but you seem hell bent to blame Clinton and his
admin. before you know the simplist of facts. And what banking crisis are
you speaking of?

The banking crisis was referenced by previous poster in this thread.
"daydripper" is it?

So you took it an ran with it? I suspect 'trippers referent to the "banking
crisis" was a bit overblown, but I have been wrong before. Yes, some of the
larger banks are experiencing difficulties due to the subprime debacle, but
I wouldn't portray such as a banking crisis. Again, I'm a mere electrician
and far from an economist, but I reports of the demise of America's banks is
greatly exaggerated. However:
http://articles.moneycentral.msn.com...sOnTheWay.aspx
http://www.247wallst.com/2008/02/signs-point-to.html
http://www.google.com/search?hl=en&q...oogle+S earch

I could be wrong.

Both parties are to blame. Not just Clinton, but he's a pretty easy
target.


What undermining of the EPA? Do you mean creating sensible rules in
which to live and operate?

So breathing and drinking water aren't high on your list of living
standards? Not that I'm surprised mind ya.

Where is it in this country (not China, India, Japan or Thailand) were the
air is unbreathable? What city water supplies don't pass drinking water
standards?

http://tinyurl.com/6qghho
https://www.nrdc.org/bushrecord/2005.asp
http://lungaction.org/reports/stateoftheair2005.html
http://www.takebackthepower.net/cong...es.cfm?ID=8368

Enjoy the reading, it's really very sad.


Undermining the FDA? Do you mean getting potentially helpful drugs to
the needy in a more timely manner?

Please support this claim! Hell the poor and elderly were and likely
still are driving across the border to Canada to gain access to
reasonably priced meds! And a slew of med have been pull in the last 7
years due to falsified or poor testing standards.

In the last 7 years? That means that they were developed, tested and
released more than 7 years ago. During the previous administration.

What has development got to do with *approval*? Approval was under the Bush
Admins. watch.
Weakening regulatory agencies--reduced funding--and stripping agencies of
their regulatory authority has been the bread and butter of the Bush
Administration and the Republican controlled Congress.

Personally, I'll pay higher taxes to preserve my air and water quality. YMMV
though.

Op


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