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The unemployment rate is now where it was when Man first walked on the moon

reason10

Governor
That bill did not mandate a massive bump in defense spending under Reagan...when the national debt went from $900 billion up to $4 trillion by the time Clinton pushed his first budget through.
The Reagan defense spending was merely to rebuild a military that the incompetent Carter regime had slashed. And defense spending was STILL a smaller percentage of the federal budget than entitlements. And the last time the budget was balanced was in 1969, right at the height of the Vietnam War, (and I'm pretty sure Defense spending was higher than the welfare state back then.)

How did Clinton get the budget to nearly balance and the deficit to just about zero?
Clinton did nothing of the sort. NONE of his budgets led to balance or even in the neighborhood. It was the Newt Gingrich Congress that reined in KKK's disastrous policies. A single reduction in the Capital Gains Tax led to so much money flooding the Treasury that it gave the illusion that the budget was balanced, even though spending had not even slowed its rate of increase. And KKK still left the next president with a deficit.

http://www.craigsteiner.us/articles/16
While not defending the increase of the federal debt under President Bush, it's curious to see Clinton's record promoted as having generated a surplus. It never happened. There was never a surplus and the facts support that position. In fact, far from a $360 billion reduction in the national debt in FY1998-FY2000, there was an increase of $281 billion.
 

middleview

President
Supporting Member
The case is Flemming V. Nestor (1960)
https://www.cato.org/publications/commentary/is-there-right-social-security


The Court said something similar in Helvering V. Davis (1937)
Really? Cato? Here is what cornell had to say about Helvering, which was an attempt to establish a "shareholder" right for someone who had paid into SS.

https://www.law.cornell.edu/socsec/course/readings/301us619.htm

Nestor was more about the right of the government to punish someone who'd been a communist than anything else.

The verbiage declaring that it was not the analogy of an annuity simply had to do with ensuring the government had flexibility in paying benefits....otherwise a myriad of lawsuits would have arisen claiming survivors benefits for distant relatives or siblings....payments for creditors...

It doesn't say that it is welfare in any of the documents I looked at.
 

trapdoor

Governor
Really? Cato? Here is what cornell had to say about Helvering, which was an attempt to establish a "shareholder" right for someone who had paid into SS.

https://www.law.cornell.edu/socsec/course/readings/301us619.htm

Nestor was more about the right of the government to punish someone who'd been a communist than anything else.

The verbiage declaring that it was not the analogy of an annuity simply had to do with ensuring the government had flexibility in paying benefits....otherwise a myriad of lawsuits would have arisen claiming survivors benefits for distant relatives or siblings....payments for creditors...

It doesn't say that it is welfare in any of the documents I looked at.
Well, Helvering "legitimizes" the con-job that is the Social Security System. No, you have no right to the payments, Congress cna changer or modify them at will. And originally we were guarnateed that SS would cost no more than 1 percent of anyone's salary, and that the payments (because they were insurance payments and not income -- they were income that had already come in) would never be taxed.

Now, of course, the SS premium in FICA is 6.2 percent of income under $150K and of course your benefit payment is taxed -- and the system is still going broke. Yay, soft socialism.

But the key line in Helvering is here, "Yet difficulties are left when the power is conceded. The line must still be drawn between one welfare and another, between particular and general. Where this shall be placed cannot be known through a formula in advance of the event. There is a middle ground, or certainly a penumbra, in which discretion is at large. The discretion, however, is not confided to the courts. The discretion belongs to Congress, unless the choice is clearly wrong, a display of arbitrary power, not an exercise of judgment."

Congress can simply ask itself if something benefits the "general welfare," and respond to itself "yes," and do whatever it wants. Hence the modern alphabet soup of bureaucracy, under the aegis of the general welfare.
 

middleview

President
Supporting Member
The Reagan defense spending was merely to rebuild a military that the incompetent Carter regime had slashed. And defense spending was STILL a smaller percentage of the federal budget than entitlements. And the last time the budget was balanced was in 1969, right at the height of the Vietnam War, (and I'm pretty sure Defense spending was higher than the welfare state back then.)



Clinton did nothing of the sort. NONE of his budgets led to balance or even in the neighborhood. It was the Newt Gingrich Congress that reined in KKK's disastrous policies. A single reduction in the Capital Gains Tax led to so much money flooding the Treasury that it gave the illusion that the budget was balanced, even though spending had not even slowed its rate of increase. And KKK still left the next president with a deficit.

http://www.craigsteiner.us/articles/16
Oh, so all Reagan did was "merely" double the defense budget and dramatically decrease federal revenue....so the national debt quadrupled between 1981 and 1993 when Clinton took over.

Where Did It Go?
Major components of the $3.5 trillion spent in fiscal 2010

National Defense 20.1%
Social Security 20.4%
Medicare 13.1%
Interest 5.7%
Education & Training 3.7%
Federal Employee Retirement 3.5%
Veterans 3.1%
Transportation 2.7%


Medicaid/CHIP 8.1%
Low-Income Assistance 5.3%
Unemployment Compensation 4.6%
Other health care 2.6%
Parks & natural resources 1.3%
Space/Science 0.9%
Foreign aid 0.9%
Agriculture 0.6%
Everything else 3.5%

http://goliards.us/adelphi/deficits/index.html
 
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