National debt exceeds $13,000,000,000,000.00

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ericlp

ericlp

Diamond Member
Dec 24, 2000
6,139
236
106
It's just IOU's, what do all you guys care? Where were you when it was at 12 Trillion?
 
D

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Slew Foot said:
751animated-obama-money.gif
Click to expand...

and it's all Obama's fault of course
 
nick1985

nick1985

Lifer
Dec 29, 2002
27,153
6
81
Throckmorton said:
Explain... What is Obama doing as far as spending and deficit goes that you think is wrong?
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I think its wrong to spend money we dont have. When our spending is double what we are taking in...thats wrong. If I spent like that I'd have to file bankruptcy in about 6 months. The path that we are on is unsustainable and the chickens WILL come home to roost.


What do you think he has done wrong as far as spending and adding to the deficit?
 
Patranus

Patranus

Diamond Member
Apr 15, 2007
9,280
0
0
nick1985 said:
I think its wrong to spend money we dont have. When our spending is double what we are taking in...thats wrong. If I spent like that I'd have to file bankruptcy in about 6 months. The path that we are on is unsustainable and the chickens WILL come home to roost.


What do you think he has done wrong as far as spending and adding to the deficit?
Click to expand...

I wonder what would happen if you walked into a bank with a debt income ration of 100%
 
SandEagle

SandEagle

Lifer
Aug 4, 2007
16,809
13
0
"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."

-Woodrow Wilson, after signing the Federal Reserve into existence
 
Throckmorton

Throckmorton

Lifer
Aug 23, 2007
16,829
3
0
nick1985 said:
I think its wrong to spend money we dont have. When our spending is double what we are taking in...thats wrong. If I spent like that I'd have to file bankruptcy in about 6 months. The path that we are on is unsustainable and the chickens WILL come home to roost.


What do you think he has done wrong as far as spending and adding to the deficit?
Click to expand...

Revenue went way down because of the recession. We have to spend money we don't have, otherwise the recession becomes worse. We can't cut spending from what it was previously, otherwise the recession becomes worse. We have two wars to fight, otherwise we fuck over Afghanistan and Iraq.

Go and learn some basic economics, maybe some foreign policy, and then get back to me. Or just pay attention when people are trying to explain this to you on P&N.
 
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nick1985

nick1985

Lifer
Dec 29, 2002
27,153
6
81
Throckmorton said:
Revenue went way down because of the recession. We have to spend money we don't have, otherwise the recession becomes worse. We can't cut spending from what it was previously, otherwise the recession becomes worse. We have two wars to fight, otherwise we fuck over Afghanistan and Iraq.

Go and learn some basic economics, maybe some foreign policy, and then get back to me. Or just pay attention when people are trying to explain this to you on P&N.
Click to expand...

So Obama has done nothing wrong. Gotcha. Apologize away, I dont want to get in the way of it.
 
Throckmorton

Throckmorton

Lifer
Aug 23, 2007
16,829
3
0
nick1985 said:
So Obama has done nothing wrong. Gotcha. Apologize away, I dont want to get in the way of it.
Click to expand...

Apologize for what? Obama has done what any non-insane president should and would do in a recession... spend a little more than what was previously spent (already massive deficit spending under GWB), accepting that the deficit has to go way up because revenue has gone down at the same time.

The only thing I would do differently is spend more and faster, for example increasing the stimulus money to not just keep teachers' jobs, but hire more teachers. But the size of the stimulus was defined by Congress not the president.


Tell me what you would do if you were the president. This is going to be good because you demonstrate zero understanding of basic economic principles.
 
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TwinsenTacquito

TwinsenTacquito

Senior member
Apr 1, 2010
821
0
0
Throckmorton said:
Revenue went way down because of the recession. We have to spend money we don't have, otherwise the recession becomes worse. We can't cut spending from what it was previously, otherwise the recession becomes worse. We have two wars to fight, otherwise we fuck over Afghanistan and Iraq.

Go and learn some basic economics, maybe some foreign policy, and then get back to me. Or just pay attention when people are trying to explain this to you on P&N.
Click to expand...

Oh hey, this is what lying is. I got it, Daddy.
 
nick1985

nick1985

Lifer
Dec 29, 2002
27,153
6
81
Throckmorton said:
Apologize for what? Obama has done what any non-insane president should and would do in a recession... spend a little more than what was previously spent (already massive deficit spending under GWB), accepting that the deficit has to go way up because revenue has gone down at the same time.

The only thing I would do differently is spend more and faster, for example increasing the stimulus money to not just keep teachers' jobs, but hire more teachers. But the size of the stimulus was defined by Congress not the president.


Tell me what you would do if you were the president. This is going to be good because you demonstrate zero understanding of basic economic principles.
Click to expand...

blah blah blah. First off I wouldnt waste a trillion dollars on a "stimulus" that didnt do jack shit except raise unemployment.

Get back to me when you get your head out of your large intestine
 
Throckmorton

Throckmorton

Lifer
Aug 23, 2007
16,829
3
0
nick1985 said:
blah blah blah. First off I wouldnt waste a trillion dollars on a "stimulus" that didnt do jack shit except raise unemployment.

Get back to me when you get your head out of your large intestine
Click to expand...

Typical response from an ignorant buffoon who gets his talking points from teabagger signs.

The stimulus was 800 billion. 30-40% of that was tax cuts. So you're saying tax cuts don't help the economy in a recession?
And the spending part, you somehow believe that giving money to local governments to avoid layoffs and to fund public works increased unemployment? Has it ever occurred to you that the economy would be worse and unemployment would be higher if the government didn't slightly increase debt to fund actual jobs?
Do you live in opposite world are you just stupid?
 
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C

CycloWizard

Lifer
Sep 10, 2001
12,348
1
81
Throckmorton said:
Apologize for what? Obama has done what any non-insane president should and would do in a recession... spend a little more than what was previously spent (already massive deficit spending under GWB), accepting that the deficit has to go way up because revenue has gone down at the same time.

The only thing I would do differently is spend more and faster, for example increasing the stimulus money to not just keep teachers' jobs, but hire more teachers. But the size of the stimulus was defined by Congress not the president.


Tell me what you would do if you were the president. This is going to be good because you demonstrate zero understanding of basic economic principles.
Click to expand...
And by "a little more," you mean a trillion bucks, more than $300 for every person in the US, and more than $1800 for everyone that actually paid federal taxes last year? Apparently the zombie virus has already taken hold... Time to buy more shells.
 
Throckmorton

Throckmorton

Lifer
Aug 23, 2007
16,829
3
0
CycloWizard said:
And by "a little more," you mean a trillion bucks, more than $300 for every person in the US, and more than $1800 for everyone that actually paid federal taxes last year? Apparently the zombie virus has already taken hold... Time to buy more shells.
Click to expand...

0.8 trillion out of 13 trillion, 1/3 of which was tax cuts that you conservatives support even when it consists of debt... Compare that fraction of the total debt to would have happened without a stimulus. Then compare to what would have happened if Obama somehow took the Bush deficit down to 0. Do you get it now?

Hell, even George W. Bush understands the basic concept of stimulus, hence we had a Bush stimulus...
 
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TwinsenTacquito

TwinsenTacquito

Senior member
Apr 1, 2010
821
0
0
Throckmorton said:
0.8 trillion out of 13 trillion, 1/3 of which was tax cuts that you conservatives support even when it consists of debt... Compare that fraction of the total debt to would have happened without a stimulus. Then compare to what would have happened if Obama somehow took the Bush deficit down to 0. Do you get it now?

Hell, even George W. Bush understands the basic concept of stimulus, hence we had a Bush stimulus...
Click to expand...

What is the actual cost of the stimulus bill, 1.3? 1.5? You know the 0.8 line is bullshit.
 
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