Obama says trillion-dollar deficits may last years

[BrownTown]

I just hope that I manage to get out of the country before this comes back to roost. My current career path is to try to get out of this sinking country as soon as possible. Hopefully the middle east at first, but thouse countries aint gonna do much better when all the radicals start taking over.

 

[marincounty]

Originally posted by: TehMac
It's weird how so many people take everything Obama says as the gospel. Since when did he have a P.h.D. in economics?

Didn't Bush have an MBA from Harvard? How'd that workout?

 

[JS80]

Originally posted by: BoberFett

Originally posted by: Zebo

Originally posted by: JS80

Originally posted by: Zebo
We need to seize the top 1%'s money. They own 28% of nations wealth and most did so by hook and crook. Thats the only way we will fix these issues and save country. Instead Obama is bought and sold by same crowd who will get rich beyond belief getting infrastructure contracts instead of trickling down. Sorry but thats reality of kelptocracy in which we live.

http://kelsocartography.com/blog/?p=1320

Do you realize what kind of effect and consequence that would have? It would literally be the beginning of the end of this country.

I think it would be just the beginning of a great America instead of soon to be cast system we have been moving towards.

Until they come for the next top 1%. And the next. And the next. And the next. And the next.

Tax the rich, feed the poor
Till there are no rich no more

That about right? Who feeds the poor after that?

Besides, do you really think the top 1% swim in vaults full of money? That money is in your home. Your company. In order to get at that money in liquid form they'd have to call all of the debts in currently held by that top 1%. Tens of millions would be instantly out of work and out of their homes.

If you want to stop the rich from getting richer, stop borrowing from them. Same goes for every American.

And the mass exodus of talent from this country all you're left is worthless blue collar union workers and government piece of shits.

 

[StageLeft]

OK, if you have treasury bonds make sure they are locked against inflation!

 

[Craig234]

Originally posted by: winnar111

Originally posted by: marincounty
I wonder if Obama will give more tax cuts to the rich, thus expoding the debt even more?

What rich?

The ones who have seen their incomes go up hundreds of percent at the same time the bottom 80% have gotten nothing after inflation the last 25 years, causing the concentration of wealth to skyrocket to levels last seen just before the great depression. No wonder your economic opinions are so idiotic when you think there are no rich people, unaware of what's going on.

 

[XZeroII]

That is impossible. Just 2 months ago he had a plan to balance the budget. Things have not changed drastically.

Oh well. I already knew he was lying just to get into office so it's no surprise to me. It's interesting to see the the apologists come out of the woodwork defending him now. My how the tables have turned...

 

[JS80]

Originally posted by: Craig234

Originally posted by: winnar111

Originally posted by: marincounty
I wonder if Obama will give more tax cuts to the rich, thus expoding the debt even more?

What rich?

The ones who have seen their incomes go up hundreds of percent at the same time the bottom 80% have gotten nothing after inflation the last 25 years, causing the concentration of wealth to skyrocket to levels last seen just before the great depression. No wonder your economic opinions are so idiotic when you think there are no rich people, unaware of what's going on.

Maybe the bottom should start busting their ass and generate wealth and value

 

[JJChicken]

Originally posted by: jpeyton
Obama is already better than Bush, and he hasn't even taken office yet.

Christ, how awesome is he?

:laugh: :thumbsup:

 

[sandorski]

Originally posted by: JS80

Originally posted by: Craig234

Originally posted by: winnar111

Originally posted by: marincounty
I wonder if Obama will give more tax cuts to the rich, thus expoding the debt even more?

What rich?

The ones who have seen their incomes go up hundreds of percent at the same time the bottom 80% have gotten nothing after inflation the last 25 years, causing the concentration of wealth to skyrocket to levels last seen just before the great depression. No wonder your economic opinions are so idiotic when you think there are no rich people, unaware of what's going on.

Maybe the bottom should start busting their ass and generate wealth and value

They do all the time, they just don't receive the fruit of it.

 

[JS80]

Originally posted by: sandorski

Originally posted by: JS80

Originally posted by: Craig234

Originally posted by: winnar111

Originally posted by: marincounty
I wonder if Obama will give more tax cuts to the rich, thus expoding the debt even more?

What rich?

The ones who have seen their incomes go up hundreds of percent at the same time the bottom 80% have gotten nothing after inflation the last 25 years, causing the concentration of wealth to skyrocket to levels last seen just before the great depression. No wonder your economic opinions are so idiotic when you think there are no rich people, unaware of what's going on.

Maybe the bottom should start busting their ass and generate wealth and value

They do all the time, they just don't receive the fruit of it.

Example?

 

[sandorski]

Originally posted by: JS80

Originally posted by: sandorski

Originally posted by: JS80

Originally posted by: Craig234

Originally posted by: winnar111

Originally posted by: marincounty
I wonder if Obama will give more tax cuts to the rich, thus expoding the debt even more?

What rich?

The ones who have seen their incomes go up hundreds of percent at the same time the bottom 80% have gotten nothing after inflation the last 25 years, causing the concentration of wealth to skyrocket to levels last seen just before the great depression. No wonder your economic opinions are so idiotic when you think there are no rich people, unaware of what's going on.

Maybe the bottom should start busting their ass and generate wealth and value

They do all the time, they just don't receive the fruit of it.

Example?

Look around, they're everywhere. Walmart for starters.

 

[JS80]

Originally posted by: sandorski

Originally posted by: JS80

Originally posted by: sandorski

Originally posted by: JS80

Originally posted by: Craig234

Originally posted by: winnar111

Originally posted by: marincounty
I wonder if Obama will give more tax cuts to the rich, thus expoding the debt even more?

What rich?

The ones who have seen their incomes go up hundreds of percent at the same time the bottom 80% have gotten nothing after inflation the last 25 years, causing the concentration of wealth to skyrocket to levels last seen just before the great depression. No wonder your economic opinions are so idiotic when you think there are no rich people, unaware of what's going on.

Maybe the bottom should start busting their ass and generate wealth and value

They do all the time, they just don't receive the fruit of it.

Example?

Look around, they're everywhere. Walmart for starters.

Why don't they quit and get a better job? Why did they fuck around in school and drop out? Why don't they enroll in community college and attempt at an education? How much do you think they should be paid?

 

[sandorski]

Originally posted by: JS80

Originally posted by: sandorski

Originally posted by: JS80

Originally posted by: sandorski

Originally posted by: JS80

Originally posted by: Craig234

Originally posted by: winnar111

Originally posted by: marincounty
I wonder if Obama will give more tax cuts to the rich, thus expoding the debt even more?

What rich?

The ones who have seen their incomes go up hundreds of percent at the same time the bottom 80% have gotten nothing after inflation the last 25 years, causing the concentration of wealth to skyrocket to levels last seen just before the great depression. No wonder your economic opinions are so idiotic when you think there are no rich people, unaware of what's going on.

Maybe the bottom should start busting their ass and generate wealth and value

They do all the time, they just don't receive the fruit of it.

Example?

Look around, they're everywhere. Walmart for starters.

Why don't they quit and get a better job? Why did they fuck around in school and drop out? Why don't they enroll in community college and attempt at an education? How much do you think they should be paid?

meh, been over this before.

 

[LumbergTech]

Originally posted by: sandorski

Originally posted by: JS80

Originally posted by: sandorski

Originally posted by: JS80

Originally posted by: sandorski

Originally posted by: JS80

Originally posted by: Craig234

Originally posted by: winnar111

Originally posted by: marincounty
I wonder if Obama will give more tax cuts to the rich, thus expoding the debt even more?

What rich?

The ones who have seen their incomes go up hundreds of percent at the same time the bottom 80% have gotten nothing after inflation the last 25 years, causing the concentration of wealth to skyrocket to levels last seen just before the great depression. No wonder your economic opinions are so idiotic when you think there are no rich people, unaware of what's going on.

Maybe the bottom should start busting their ass and generate wealth and value

They do all the time, they just don't receive the fruit of it.

Example?

Look around, they're everywhere. Walmart for starters.

Why don't they quit and get a better job? Why did they fuck around in school and drop out? Why don't they enroll in community college and attempt at an education? How much do you think they should be paid?

meh, been over this before.

If he had attempted an education he might understand the reasons..

It takes 7 generations to move up from the lower class to the middle class (average).

 

[Jhhnn]

What Rich? These guys, the top .01%-

http://www.visualizingeconomic...category/pitkettysaez/

 

[frostedflakes]

Originally posted by: XZeroII
That is impossible. Just 2 months ago he had a plan to balance the budget. Things have not changed drastically.

Oh well. I already knew he was lying just to get into office so it's no surprise to me. It's interesting to see the the apologists come out of the woodwork defending him now. My how the tables have turned...

When did he claim he was going to balance the budget? I know he had talked about paygo before, but that wouldn't balance the budget, it would just help to keep the deficit from spiraling further out of control. After the subprime crisis really hit, though, that pretty much went out the window.

 

[bamacre]

Originally posted by: Harvey

Originally posted by: loozar111

Wonder how much Obama's first term will beat Bush's first term, or Bush's 2nd term. I remember when Democrats were crying about $100b or so in 2002 during the recession.

The more relevant question is, who's responsible for causing the problems that demand that much money to fix?

The Bushwhackos committed the nation to trillions of dollars of current and future debt (along with thousands of lives) when they launched their illegal war of LIES in Iraq, and they squandered trillions more when they dismantled all regulation and abandoned any remaining oversight over their wealthy Wall Street robber baron contributors failure.

They're the ones who left us with the problems. Now that those turds are skulking off into the sunset, don't start blaming the Obama adminstration for the cost of the mess the Bushies left in their wake. :roll:

And while you have blamed the Bush admin, sorry to say, Harvey, the blame goes further back as well.

Those "wonderful economic times" we saw under Clinton were nothing but a big bubble he and Greenspan blew up, which should have busted while Bush was in office. Unfortunately, they just kept blowing more air in the balloon rather than let it pop. Now its popping, and its a much bigger balloon.

 

[bamacre]

Originally posted by: Skoorb
OK, if you have treasury bonds make sure they are locked against inflation!

NEGATIVE. Our resident economic experts say there will be no inflation and the dollar will stay strong. No reason to buy gold/silver.

 

[DealMonkey]

Originally posted by: winnar111
http://news.yahoo.com/s/ap/200...go_pr_wh/obama_deficit

WASHINGTON ? President-elect Barack Obama says the nation probably faces huge deficits for years to come, but heavy spending is needed now to spur the economy.

Obama said Tuesday the deficit appears on track to hit $1 trillion soon. Speaking to reporters after meeting with top economic aides, Obama said: "Potentially we've got trillion-dollar deficits for years to come, even with the economic recovery that we are working on."

He wants Congress to approve a stimulus plan of about $775 billion.

The federal deficit was about $455 billion when the last fiscal year ended on Sept. 30, 2008.


Wonder how much Obama's first term will beat Bush's first term, or Bush's 2nd term. I remember when Democrats were crying about $100b or so in 2002 during the recession.

I guess Bush really fucked things up good, huh? We'll be digging ourselves out and cursing that dickhead's name for years to come. Thanks for pointing this out Winnar!!!1111one! Good job, as usual.

:thumbsup:

 

[JS80]

Originally posted by: LumbergTech

If he had attempted an education he might understand the reasons..

It takes 7 generations to move up from the lower class to the middle class (average).

How did it take me 0 generations to move up from penniless immigrant to top 5% in income by the age of 25?

And you're right I'm not really that smart. In fact I'm a Republican which makes me even dumber. So a dumbass like me can make six figures, why can't you losers?

 

[sandorski]

Originally posted by: JS80

Originally posted by: LumbergTech

If he had attempted an education he might understand the reasons..

It takes 7 generations to move up from the lower class to the middle class (average).

How did it take me 0 generations to move up from penniless immigrant to top 5% in income by the age of 25?

And you're right I'm not really that smart. In fact I'm a Republican which makes me even dumber. So a dumbass like me can make six figures, why can't you losers?

You can take someone out of the Trailer Park, but you can't take out the Trash from them.

 

[UberNeuman]

Originally posted by: sandorski

Originally posted by: JS80

Originally posted by: LumbergTech

If he had attempted an education he might understand the reasons..

It takes 7 generations to move up from the lower class to the middle class (average).

How did it take me 0 generations to move up from penniless immigrant to top 5% in income by the age of 25?

And you're right I'm not really that smart. In fact I'm a Republican which makes me even dumber. So a dumbass like me can make six figures, why can't you losers?

You can take someone out of the Trailer Park, but you can't take out the Trash from them.

Oh, that's a bit strong....

So, JS80 - how makes you this money?

 

[retrospooty]

Originally posted by: winnar111
http://news.yahoo.com/s/ap/200...go_pr_wh/obama_deficit

WASHINGTON ? President-elect Barack Obama says the nation probably faces huge deficits for years to come, but heavy spending is needed now to spur the economy.

Obama said Tuesday the deficit appears on track to hit $1 trillion soon. Speaking to reporters after meeting with top economic aides, Obama said: "Potentially we've got trillion-dollar deficits for years to come, even with the economic recovery that we are working on."

He wants Congress to approve a stimulus plan of about $775 billion.

The federal deficit was about $455 billion when the last fiscal year ended on Sept. 30, 2008.


Wonder how much Obama's first term will beat Bush's first term, or Bush's 2nd term. I remember when Democrats were crying about $100b or so in 2002 during the recession.

That is the price for fixing 8 years of Bushonomics... We voted for Bush, now we have to pay the price. This is in no way Obama's fault... Obama is the cure, Bush is the disease.

 

[Fear No Evil]

Originally posted by: retrospooty

Originally posted by: winnar111
http://news.yahoo.com/s/ap/200...go_pr_wh/obama_deficit

WASHINGTON ? President-elect Barack Obama says the nation probably faces huge deficits for years to come, but heavy spending is needed now to spur the economy.

Obama said Tuesday the deficit appears on track to hit $1 trillion soon. Speaking to reporters after meeting with top economic aides, Obama said: "Potentially we've got trillion-dollar deficits for years to come, even with the economic recovery that we are working on."

He wants Congress to approve a stimulus plan of about $775 billion.

The federal deficit was about $455 billion when the last fiscal year ended on Sept. 30, 2008.


Wonder how much Obama's first term will beat Bush's first term, or Bush's 2nd term. I remember when Democrats were crying about $100b or so in 2002 during the recession.

That is the price for fixing 8 years of Bushonomics... We voted for Bush, now we have to pay the price. This is in no way Obama's fault... Obama is the cure, Bush is the disease.

Obama is the cure for what? He's admitting he can't fix it. He ran on fixing it. Is the Messiah not up to the challege? Oprah told me he was the one! For someone as smart as Obama surely he can figure this out. As I predict, the Obama Presidency will be the 'But Bush' Presidency. He will fail worse than Bush while claiming everything is Bush's fault.

 

[winnar111]

Originally posted by: DealMonkey

Originally posted by: winnar111
http://news.yahoo.com/s/ap/200...go_pr_wh/obama_deficit

WASHINGTON ? President-elect Barack Obama says the nation probably faces huge deficits for years to come, but heavy spending is needed now to spur the economy.

Obama said Tuesday the deficit appears on track to hit $1 trillion soon. Speaking to reporters after meeting with top economic aides, Obama said: "Potentially we've got trillion-dollar deficits for years to come, even with the economic recovery that we are working on."

He wants Congress to approve a stimulus plan of about $775 billion.

The federal deficit was about $455 billion when the last fiscal year ended on Sept. 30, 2008.


Wonder how much Obama's first term will beat Bush's first term, or Bush's 2nd term. I remember when Democrats were crying about $100b or so in 2002 during the recession.

I guess Bush really fucked things up good, huh? We'll be digging ourselves out and cursing that dickhead's name for years to come. Thanks for pointing this out Winnar!!!1111one! Good job, as usual.

:thumbsup:

BDS acting up, again, eh? Bush leaves office in a couple weeks. :laugh: