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Generational Dynamics World View
(04-18-2017, 08:22 AM)John J. Xenakis Wrote:
(04-17-2017, 06:58 PM)Cynic Hero Wrote: >   John X likes denying concrete facts so as a final factoid just to
>   refute him again, the US achieved a budget surplus in the late
>   1990s and had a budget surplus in 2000-2001 until Bush decided to
>   fight the war on terror after 9/11 without actual spending
>   increases like the war bonds of WW2.  

It always amazes that you've been in this forum for over ten
years, but you still have no clue what the difference is
between a crisis war and a non-crisis war.

However, I'd like to focus on the above comment.  On its face it's
ridiculous, because spending on the Iraq war didn't begin until 2003,
but the deficit began worsening in 2000, which was the last year of
the Clinton administration.

Here's a graph that I posted two years ago:

[Image: FredDeficit600-141114.gif]

https://research.stlouisfed.org/fred2/gr..._id=205626
  • Look at the blue line.  That's government expenditures.  Notice
    that it doesn't go up in 2003.  So you're wrong about the Iraq war
    increasing the deficit.  Expenditures went up at a steady rate from
    1980 to 2012, and only leveled off with Sequestration.

  • Look at the red line.  That's government income.  It crashes in
    2000, because of the Nasdaq crash in the last year of the Clinton
    administration, and again in 2008, because of the financial crisis.

  • Now look at the green line.  It's the numeric difference between
    the blue line and the red line.  The deficit surges in 2000 and
    2008 because of the Nasdaq crash and the financial crisis,
    respectively.  The Iraq war is irrelevant.

** 2-Feb-15 World View -- Washington joins the world in explosive spending splurge
** http://www.generationaldynamics.com/pg/x...tm#e150202


So it's not the evil Boomers who ignore the facts; it's certain idiot
Gen-Xers, who live in a world of total fantasy, and who need to be
educated about the factoids.

LOL, Here John X is outright denying that a Budget surplus surplus existed from the late 1990s until 9/11. It was the refusal to fund the war effort with actual spending that caused the return of the deficit. This began immediately after 9/11, 18 months prior to the start of the Iraq war. Also regarding Iraq the political class' delusion that Iraqis valued western "freedom" just like Americans do, insured that  we would get bogged down in nation-building and made the insurgency inevitable (had the former Baathists been allowed to keep their posts and allowed to continue administering local government, there wouldn't have been an insurgency). Without that delusion we would have entered Iraq with 500,000 troops rather than the 200,000 that ended up being committed.
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Messages In This Thread
RE: Generational Dynamics World View - by radind - 05-14-2016, 03:21 PM
RE: Generational Dynamics World View - by radind - 05-23-2016, 10:31 PM
RE: Generational Dynamics World View - by radind - 08-11-2016, 08:59 PM
RE: Generational Dynamics World View - by SomeGuy - 01-18-2017, 09:23 PM
RE: Generational Dynamics World View - by tg63 - 02-04-2017, 10:08 AM
RE: Generational Dynamics World View - by Galen - 03-13-2017, 03:33 PM
RE: Generational Dynamics World View - by SomeGuy - 03-15-2017, 02:56 PM
RE: Generational Dynamics World View - by SomeGuy - 03-15-2017, 03:13 PM
RE: Generational Dynamics World View - by Cynic Hero '86 - 04-20-2017, 04:15 PM
RE: Generational Dynamics World View - by Galen - 05-30-2017, 01:04 AM
RE: Generational Dynamics World View - by Galen - 07-08-2017, 01:34 AM
RE: Generational Dynamics World View - by tg63 - 08-09-2017, 11:07 AM
RE: Generational Dynamics World View - by tg63 - 08-10-2017, 02:38 PM
RE: Generational Dynamics World View - by Galen - 10-25-2017, 03:07 PM
RE: Generational Dynamics World View - by rds - 10-31-2017, 03:35 PM
RE: Generational Dynamics World View - by rds - 10-31-2017, 06:33 PM
RE: Generational Dynamics World View - by noway2 - 11-20-2017, 04:31 PM
RE: Generational Dynamics World View - by Galen - 12-28-2017, 11:00 PM
RE: Generational Dynamics World View - by Galen - 12-31-2017, 11:14 PM
RE: Generational Dynamics World View - by JDG 66 - 06-22-2018, 02:54 PM
RE: Generational Dynamics World View - by JDG 66 - 07-11-2018, 01:42 PM
RE: Generational Dynamics World View - by JDG 66 - 07-11-2018, 01:54 PM
RE: Generational Dynamics World View - by JDG 66 - 07-19-2018, 12:43 PM
RE: Generational Dynamics World View - by JDG 66 - 07-25-2018, 02:18 PM
RE: Generational Dynamics World View - by JDG 66 - 07-11-2018, 01:58 PM
RE: Generational Dynamics World View - by Galen - 08-18-2018, 03:42 AM
RE: Generational Dynamics World View - by Galen - 08-19-2018, 04:39 AM
RE: Generational Dynamics World View - by tg63 - 09-25-2019, 11:12 AM
RE: Generational Dynamics World View - by JDG 66 - 03-09-2020, 02:11 PM
RE: Generational Dynamics World View - by Camz - 03-10-2020, 10:10 AM
RE: Generational Dynamics World View - by tg63 - 03-12-2020, 11:11 AM
RE: Generational Dynamics World View - by JDG 66 - 03-16-2020, 03:21 PM
RE: 58 year rule - by Tim Randal Walker - 04-01-2020, 11:17 AM
RE: 58 year rule - by John J. Xenakis - 04-02-2020, 12:25 PM
RE: Generational Dynamics World View - by Isoko - 05-04-2020, 02:51 PM
RE: Generational Dynamics World View - by tg63 - 01-04-2021, 12:13 PM
RE: Generational Dynamics World View - by CH86 - 01-05-2021, 11:17 PM
RE: Generational Dynamics World View - by mamabug - 01-10-2021, 06:16 PM
RE: Generational Dynamics World View - by mamabug - 01-11-2021, 09:06 PM
RE: Generational Dynamics World View - by mamabug - 01-12-2021, 02:53 AM
RE: Generational Dynamics World View - by mamabug - 01-13-2021, 03:58 PM
RE: Generational Dynamics World View - by mamabug - 01-13-2021, 04:16 PM
RE: Generational Dynamics World View - by mamabug - 01-15-2021, 03:36 PM
RE: Generational Dynamics World View - by galaxy - 08-19-2021, 03:03 AM
RE: Generational Dynamics World View - by galaxy - 08-21-2021, 01:41 PM
RE: Generational Dynamics World View - by galaxy - 02-27-2022, 06:06 PM
RE: Generational Dynamics World View - by galaxy - 02-27-2022, 10:42 PM
RE: Generational Dynamics World View - by galaxy - 02-28-2022, 12:26 AM
RE: Generational Dynamics World View - by galaxy - 02-28-2022, 04:08 PM

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