$ 12,136,209,971,382 US National Debt WTF

[justasimpleguy]

Sargon, you're a fucking moron. Did you even read that article? What it actually said was that deficit spending had little short-term impact. As in, the slowdown in economic growth would happen on the next President's watch. Sounds familiar doesn't it?

 

[D_Sir Fitzwilly Wankheimer III]

On the day President George W. Bush took office, the national debt stood at $5.727 trillion. As of November, 2008, the number from the Treasury Department showed the national debt standing at more than $9.849 trillion. That’s a 71.9 percent increase on Mr. Bush’s watch.

So, the national debt was almost $10 trillion when Bush Jr. exited. And Obama was saddled with a failing economy and was forced to pump cash into the system (via a stimulus package).

What exactly has the stimulus padkage produced? At the current rated we'll be at $18 trillion after the allmighty O's departure 3 years from now.

 

[D_Tintagel_Demondong]

obama must be spending alot money just like bush did

We all know that Bush left Obama with a massive debt to manage.

In the spring of 2008, lawmakers took to the Senate floor, outraged over President Bush's wasteful spending. Sen. Sheldon Whitehouse (D-RI), brought up a chart showing the budget plans of President Clinton versus the budget proposed by Bush. He concluded that by squandering Clinton's government surplus from his last term, Bush had cost the country $7.7 trillion.

In Feb, 2008, long before Obama took office, the Office of Management and Budget estimated that the national debt in 2009 hit $10.4 trillion – which it said would amount to 69.3% of the GDP.

On July 30, 2008, that President Bush signed the Housing and Economic Recovery Act, which contained a provision raising the debt ceiling to $10.62 trillion, ensuring that the debt could grow during Obama's term.

Over $400-billion in debt was accrued in the first 57 days of Obama's term. In fact, when Obama took office, Bush had already "pre-spent" $1 trillion for FY 2009, with his war/bailout money. Basically, Bush's spending continued even after Obama took office because Obama not only inherited his debt and interest, but he inherited Bush's financial plan of increased spending.

This $12 trillion is Bush's debt, not Obama's. Now taxpaying Americans owe about $80,000 each--with interest. This won't be paid in our lifetime.

 

[B_VinylBoy]

What exactly has the stimulus padkage produced? At the current rated we'll be at $18 trillion after the allmighty O's departure 3 years from now.

Put away the crystal ball and join the rest of us in the present, OK?
Same with you Northland... or did some little bird tell you that precisely 1/3rd of the troops Obama plans to send into Afghanistan will indeed get killed?

 

[Bbucko]

Thank you for your realism, Rex. It's a much needed tonic for the hyperventilating this topic usually incurs.

And though hardly an economist, even I understand that there are differences between yearly budget deficits and long-term debt. Despite all their chatter about being fiscally conservative and responsible, Republicans have proven themselves to be no better wardens of the economy than the Democrats since WW2: in the case of the last eight years demonstrably worse.

The only presidential candidate in my lifetime who addressed the issue of the national debt (not just yearly deficits) was Ross Perot, whom both sides attacked as a loon.

We all know that Bush left Obama with a massive debt to manage.

In the spring of 2008, lawmakers took to the Senate floor, outraged over President Bush's wasteful spending. Sen. Sheldon Whitehouse (D-RI), brought up a chart showing the budget plans of President Clinton versus the budget proposed by Bush. He concluded that by squandering Clinton's government surplus from his last term, Bush had cost the country $7.7 trillion.

In Feb, 2008, long before Obama took office, the Office of Management and Budget estimated that the national debt in 2009 hit $10.4 trillion – which it said would amount to 69.3% of the GDP.

On July 30, 2008, that President Bush signed the Housing and Economic Recovery Act, which contained a provision raising the debt ceiling to $10.62 trillion, ensuring that the debt could grow during Obama's term.

Over $400-billion in debt was accrued in the first 57 days of Obama's term. In fact, when Obama took office, Bush had already "pre-spent" $1 trillion for FY 2009, with his war/bailout money. Basically, Bush's spending continued even after Obama took office because Obama not only inherited his debt and interest, but he inherited Bush's financial plan of increased spending.

This $12 trillion is Bush's debt, not Obama's. Now taxpaying Americans owe about $80,000 each--with interest. This won't be paid in our lifetime.

 

[SmallPenisMan]

You think we are in dept just because of the war? Last year alone this country spent over 100 billion dollars on welfare just for the hispanic and latinos alone. Not to mention the billions spent on welfare for the white and black american people. I believe back in 2005 there were over 30 million people in this country on welfare. Most of them hispanic and latino. Combine this and war in Afganistan and you see why this country is screwed. What does this country do in return? Elect Obama who sends more troops to war, brings most hispanic and latinos here which equals more tax payers money spent taking care of other people.

America is on its death bed, Unless we get off our asses and stand up for our rights this country is good as dead. If you aren't white, black, or native american you should be in this country. If you are grown enough to spread your legs then you are grown enough to take care of your own child. Bring the troops home, and finally only by products if they are made in the usa.

 

[B_VinylBoy]

You think we are in dept just because of the war? Last year alone this country spent over 100 billion dollars on welfare just for the hispanic and latinos alone. Not to mention the billions spent on welfare for the white and black american people.

At this precise point, you are hereby disqualified on any logical discussion regarding finance. I'd respond to the rest, but you already displayed a mental state smaller than the penis you flaunt in your username.

Really... people on welfare are the problem? Last time I checked, it was CEOs asking for handouts.

 

[SmallPenisMan]

Lol people on welfare arent the problem? When Bill Clinton was present this country was at a all time low for people at welfare. This country is always sending troops to other peoples countries trying to tell them how to live. If you think spending 100's of billions of dollars on welfare a year for hispanics and latinos to have a free house, free food and free medicare isnt bring this country down then you just why this country is in the shape it is.

Another liberal fool with no balls making excusse for other people.

And my screen name is just a screen name. I picked it to be funny. Well you should actually change your screen name to something similar because i doubt you are packing much down below your belt and you pack less in your head.

 

[B_VinylBoy]

Lol people on welfare arent the problem? When Bill Clinton was present this country was at a all time low for people at welfare.

That's because the economy was booming and people had more access to jobs across the board.

This country is always sending troops to other peoples countries trying to tell them how to live.

Yeah... and guess whose being sent to do the dirty work. POOR PEOPLE. Many of which who come from families that are on some form of government assistance which includes welfare.

If you think spending 100's of billions of dollars on welfare a year for hispanics and latinos to have a free house, free food and free medicare isnt bring this country down then you just why this country is in the shape it is.

Of course... just blame it on the Latinos. Who are you, Lou Dobbs?

Another liberal fool with no balls making excusse for other people.

I'd rather be a liberal fool than a race baiting idiot, trying to disguise his social bigotry surrounding financial issues on those Latinos and Blacks... oh yeah, but you did just playfully mention the "whites" as well in order to play it safe. Good effort, but a major failure nonetheless.

And my screen name is just a screen name. I picked it to be funny.

And I made fun of it to be funny.

Well you should actually change your screen name to something similar because i doubt you are packing much down below your belt and you pack less in your head.

You talk about my intelligence, yet you're the one who actually blame poor people for the deficit and think assuming the name of "SmallPenisMan" is a joke. Really? Are you going to make it this simple for me? Perhaps your head is bigger than mine, but that's only because you're full of hot air. BTW, you'll never get that privilege to experience what is between my legs, dear. Not only do I not mercy fuck, but my dick goes limp at the sight of stupidity.

 

[Bbucko]

You think we are in dept just because of the war? Last year alone this country spent over 100 billion dollars on welfare just for the hispanic and latinos alone. Not to mention the billions spent on welfare for the white and black american people. I believe back in 2005 there were over 30 million people in this country on welfare. Most of them hispanic and latino. Combine this and war in Afganistan and you see why this country is screwed. What does this country do in return? Elect Obama who sends more troops to war, brings most hispanic and latinos here which equals more tax payers money spent taking care of other people.

America is on its death bed, Unless we get off our asses and stand up for our rights this country is good as dead. If you aren't white, black, or native american you should be in this country. If you are grown enough to spread your legs then you are grown enough to take care of your own child. Bring the troops home, and finally only by products if they are made in the usa.

Puerto Ricans have been US Citizens since 1917, and the Latino populations of New Mexico and the rest of the Southwest have been here for hundreds of years before that.

You're a fucking ignorant, pin-dicked tool.

 

[deleted15807]

Sargon, you're a fucking moron. Did you even read that article? What it actually said was that deficit spending had little short-term impact. As in, the slowdown in economic growth would happen on the next President's watch. Sounds familiar doesn't it?

It's called:
irony: Definition from Answers.com

The Republicans are now concerned about the deficit when they laid the groundwork 30 years ago. Everything is free. War is free. Tax cuts are free. De-regulation is free.

But it does not matter. It's all over anyway.

http://www.youtube.com/watch?v=acLW1vFO-2Q

 

[faceking]

But then what would happen to that Palin creature?

Oh- she'd no longer be a U.S. resident, and her political future would end.



Good idea, Vince.

There we go... typical of the SF Gay Mafia... going after Palin whilst the house is burning down. Well done.

 

[B_VinylBoy]

Oh boy... guess whose off his meds?