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Getbig Main Boards => Politics and Political Issues Board => Topic started by: tonymctones on November 07, 2012, 09:14:28 PM
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So we all know the debt has doubled in the first term of obama to what 16 trillion now?
what do you think the debt will be at the end of his second term?
Im going to say 23 trillion
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i thnk the debt was 10 trillion when obama took office. so he hasnt doubled it, but increased it by 60%.
debt in 2016? meh.. 19-20 trillion.. unless something big happens
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debt in 2016? meh.. 19-20 trillion.
Is that okay?
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i thnk the debt was 10 trillion when obama took office. so he hasnt doubled it, but increased it by 60%.
debt in 2016? meh.. 19-20 trillion.. unless something big happens
I believe it was 8 but either way its splitting hairs, he has added a mountain of debt either way.
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i thnk the debt was 10 trillion when obama took office. so he hasnt doubled it, but increased it by 60%.
debt in 2016? meh.. 19-20 trillion.. unless something big happens
do you know how interest works drizzle?
or did you just forget to factor that in?
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as i understand it the vast majority of the increase in debt is due to budget expenditures that were put into place long before he came into office.
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as i understand it the vast majority of the increase in debt is due to budget expenditures that were put into place long before he came into office.
please do link these sources of yours dizzle I would very much like to examine them.
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please do link these sources of yours dizzle I would very much like to examine them.
im just speaking off the top of my head bro. our yearly budget is about 4 trillion if i recall correctly. it is a budget that is centuries in the making. the biggest expenditures, defense, medicare, social security.. these werent put in place by obama. and they have built in increases to compensate for inflation i believe. our yearly revenues are about 3 trillion i think. that means no matter who was president, 4 trillion in debt in 4 years.
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8T 2008
17T 2012 +9 by obama
x+(x+1)
17+(17+1)
37T
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im just speaking off the top of my head bro. our yearly budget is about 4 trillion if i recall correctly. it is a budget that is centuries in the making. the biggest expenditures, defense, medicare, social security.. these werent put in place by obama. and they have built in increases to compensate for inflation i believe. our yearly revenues are about 3 trillion i think. that means no matter who was president, 4 trillion in debt in 4 years.
hahah thats what I thought, you should educate yourself drizzle you might find it useful in life.
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8T 2008
17T 2012 +9 by obama
x+(x+1)
17+(17+1)
37T
LOL that would be 35T bro...where did you get that formula from now?
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8T 2008
17T 2012 +9 by obama
x+(x+1)
17+(17+1)
37T
MATH! HOW DOES IT WORK?!? ???
But seriously, what the fuck is this magic formula you pulled out of your cloaka and what is it supposed to represent?
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So we all know the debt has doubled in the first term of obama to what 16 trillion now?
what do you think the debt will be at the end of his second term?
Im going to say 23 trillion
Thats BS Tony much of the debt is from politics before he became president
But please name the things that Obama has spent money on and increased the debt
Then compare them to 2 wars and tax cuts
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So we all know the debt has doubled in the first term of obama to what 16 trillion now?
what do you think the debt will be at the end of his second term?
Im going to say 23 trillion
You are a pathetic hyp Tony
If Romney had been elected the debt would be far bigger
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Thats BS Tony much of the debt is from politics before he became president
But please name the things that Obama has spent money on and increased the debt
Then compare them to 2 wars and tax cuts
stimulus and obama care increase the debt immensly, you should do some research.
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Thats BS Tony much of the debt is from politics before he became president
But please name the things that Obama has spent money on and increased the debt
Then compare them to 2 wars and tax cuts
please cite your source whork, I wont be holding my breath as youre a gimmick but yea go right ahead.
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stimulus and obama care increase the debt immensly, you should do some research.
Compared to 2 wars and tax cuts
Yeah right
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please cite your source whork, I wont be holding my breath as youre a gimmick but yea go right ahead.
If you think all the debt was created by Obama you have no business posting on this board
Maybe you should have thought about the debt when you gave tax breaks and started wars
But the debt is only an issue when there is a non-repub in the white house
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So we all know the debt has doubled in the first term of obama to what 16 trillion now?
what do you think the debt will be at the end of his second term?
Im going to say 23 trillion
Oh yeah like tax cuts and increased military spending would have done anything other than increase the debt
Move a long you stupid sheep
You lost just like you have in life deal with it loser
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hahah thats what I thought, you should educate yourself drizzle you might find it useful in life.
if you would care to do so yourself, id love to hear where you think i went wrong in my reasoning.
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Does anyone believe the debt would have shrunk under Romney?
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Does anyone believe the debt would have shrunk under Romney?
It would have been increased much faster
Tax breaks, military spending etc...
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Does anyone believe the debt would have shrunk under Romney?
Yes. No stimulus or tarp. One less war. An actual attempt to cut spending.
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Yes. No stimulus or tarp. One less war. An actual attempt to cut spending.
Are you saying there wasn't going to be a need for a stim or tarp or are you saying if there was Romeny wouldn't have done it?
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Are you saying there wasn't going to be a need for a stim or tarp or are you saying if there was Romeny wouldn't have done it?
Both.
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Yes. No stimulus or tarp. One less war. An actual attempt to cut spending.
Lol
Romney would have supported stimulus or tarp? ::)
And he has a staff full of Bush advisors he would have us in several wars already
You really are grasping for straws
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Lol
Romney would have supported stimulus or tarp? ::)
And he has a staff full of Bush advisors he would have us in several wars already
You really are grasping for straws
He would have done what a good business does and let the system work. He wouldn't have used the government and taxpayer money to artificially prop up failing businesses.
But we'll never know. We are stuck with the failure in office for another four years.
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Zero.
I don't think the US economy will last that long.
They'll either:- A. Crash the dollar
- B. Wipe it all out,
- C. Sell off assets in settlement
- D. A combination of all 3
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Both.
Wouldn't trust that in a million years. After all tarp happened under BUSH and some repubs voted for more stimulus. Seem like a pipe dream believing Romney would have done different.
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He would have done what a good business does and let the system work. He wouldn't have used the government and taxpayer money to artificially prop up failing businesses.
But we'll never know. We are stuck with the failure in office for another four years.
Wtf does the first line mean?
Yeah just like that ::)
Come on BB this is a political board. Just let the system work yeah sure
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Wouldn't trust that in a million years. After all tarp happened under BUSH and some repubs voted for more stimulus. Seem like a pipe dream believing Romney would have done different.
This!!
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Zero.
I don't think the US economy will last that long.
They'll either:- A. Crash the dollar
- B. Wipe it all out,
- C. Sell off assets in settlement
- D. A combination of all 3
You been thinking that for awhile now and every time, no matter how much you hope America fails, or how much you like to post your stupid dumb CT articles we are still here.
Just know, we still DO WHAT EVER THE FUCK WE WANT WHEN WE WANT.
:-*
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He would have done what a good business does and let the system work. He wouldn't have used the government and taxpayer money to artificially prop up failing businesses.
But we'll never know. We are stuck with the failure in office for another four years.
I was hoping so, but i don't have much faith in our system lately regardless. Small business is a hard road these days, no matter who is in office.
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Wouldn't trust that in a million years. After all tarp happened under BUSH and some repubs voted for more stimulus. Seem like a pipe dream believing Romney would have done different.
I don't trust anyone in DC, but I do think with his business background he would have done things differently. Many people in the private sector just think differently than government employees.
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I don't trust anyone in DC, but I do think with his business background he would have done things differently. Many people in the private sector just think differently than government employees.
That's the only reason i thought he was a shinier turd than OB
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I don't trust anyone in DC, but I do think with his business background he would have done things differently. Many people in the private sector just think differently than government employees.
You mean following the market and make money?
A president job is to make things better not make money for his owners
Its a republican presidents job to make money for the war industry etc but that doesnt benefit the rest of us
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Wtf does the first line mean?
Yeah just like that ::)
Come on BB this is a political board. Just let the system work yeah sure
"He would have done what a good business does and let the system work." In other words, businesses that cannot survive without government assistance would file bankruptcy. If that business survives bankruptcy, good. If not, it shouldn't be operating.
"He wouldn't have used the government and taxpayer money to artificially prop up failing businesses." In other words, he would not have taken taxpayer money in given it to businesses later went bankrupt.
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"He would have done what a good business does and let the system work." In other words, businesses that cannot survive without government assistance would file bankruptcy. If that business survives bankruptcy, good. If not, it shouldn't be operating.
"He wouldn't have used the government and taxpayer money to artificially prop up failing businesses." In other words, he would not have taken taxpayer money in given it to businesses later went bankrupt.
So he should have shutdown the US then
Seing we are billions in debt the country should not be operating
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I was hoping so, but i don't have much faith in our system lately regardless. Small business is a hard road these days, no matter who is in office.
It's definitely tough all over. I don't think Romney would have been some savior, but I do think he would have been a good president when it came to economic matters. Definitely an improvement over Obama.
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So he should have shutdown the US then
Seing we are billions in debt the country should not be operating
No. Failure of one company means opportunity for another. That's how the system works. Failure is part of the system.
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No. Failure of one company means opportunity for another. That's how the system works. Failure is part of the system.
Exactly, when the government gets into the practice of propping up business they enter a slippery road.
That hasn't seemed to stop any president lately.
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Exactly, when the government gets into the practice of propping up business they enter a slippery road.
That hasn't seemed to stop any president lately.
True, unfortunately.
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You been thinking that for awhile now and every time, no matter how much you hope America fails, or how much you like to post your stupid dumb CT articles we are still here.
Just know, we still DO WHAT EVER THE FUCK WE WANT WHEN WE WANT.
:-*
If you had any idea just how close, and how many times the global economy was in danger of seizing up within the last 4 years, ...you'd be singing a completely different tune.
2008 was a warning shot across the bow, ...and the markets came within HOURS of seizing up.
When it occurs, ...and it will, ...you will remember me and all my prior predictions.
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If you had any idea just how close, and how many times the global economy was in danger of seizing up within the last 4 years, ...you'd be singing a completely different tune.
2008 was a warning shot across the bow, ...and the markets came within HOURS of seizing up.
When it occurs, ...and it will, ...you will remember me and all my prior predictions.
yeah yeah blah blah, buy your gold blah blah, doom is coming, get your self in position, blah blah blah, Oh by the way, you have the perfect position, just buy your gold, your gas pills and your financial synergy blah blah....which all translates into:
Oh please Allah, oh please Jesus, oh Please spaghetti monster, rid me of the USA, please please please!
Don't worry we always have our HAARP 8)
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lol
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Wouldn't trust that in a million years. After all tarp happened under BUSH and some repubs voted for more stimulus. Seem like a pipe dream believing Romney would have done different.
TARP was initiated under Bush, the lionshare of distribution was handled by Obama. This old rhetoric is tiresome and completely nonfactual. I guess your recollection of past events is quite selective.
http://www.thecenterlane.com/?p=1238
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TARP was initiated under Bush, the lionshare of distribution was handled by Obama. This old rhetoric is tiresome and completely nonfactual. I guess your recollection of past events is quite selective.
http://www.thecenterlane.com/?p=1238
I don't give a shit if all bush did was give $1 in bailout. It you are going to criticize the other side based on a particular principle your side should walk the walk also.
Tarp should have never been initiated under BUSH. He should have stay fast to his ideology and you should have held him to it. But instead, you are trying to minimize it and play the blame the other side game
How about repubs who voted for the additional 190 billion?
How about the secret BS bailout extras in December of 2008?
At some point you will realize you are getting fucked by both sides.
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Yes. No stimulus or tarp. One less war. An actual attempt to cut spending.
i believe the vast majority of the bailout was paid back with interest. so that isnt something that added to the debt. the stimulus supposedly staved off a depression. one less war.. not sure what you mean. romney would still have us in iraq, he said so himself. the cost of helping libya was relatively small if i recall correctly, maybe a billion dollars? thats .0003% if the budget if my quick off the top of my head math works out right. but, then again, it was the republicans who were urging obama to help the libyan rebels, ridiculing him about it untill he did so. attempt to cut spending. yeah, sure. i guess so. but he also wants to increas military spending. and cut taxes. so im not sure that really matters.
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I don't give a shit if all bush did was give $1 in bailout. It you are going to criticize the other side based on a particular principle your side should walk the walk also.
Tarp should have never been initiated under BUSH. He should have stay fast to his ideology and you should have held him to it. But instead, you are trying to minimize it and play the blame the other side game
How about repubs who voted for the additional 190 billion?
How about the secret BS bailout extras in December of 2008?
At some point you will realize you are getting fucked by both sides.
This.
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stimulus and obama care increase the debt immensly, you should do some research.
Congress + Obama are both increasing the debt in a huge way. The way both parties are trying to sneak this bill through, ugh.
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Congress + Obama are both increasing the debt in a huge way. The way both parties are trying to sneak this bill through, ugh.
I know bro, when it was just the dems you couldn't give a shit and now that the reps are in on it you are outraged.
I know bro, I know....
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I know bro, when it was just the dems you couldn't give a shit and now that the reps are in on it you are outraged.
I know bro, I know....
look man, until you get on the birther bandwagon, I take your opinion with a grain of salt.
if you can look at the MOUNTAIN of evidence that obama wasn't born here - and you still back him legitimacy - well, I don't know what to say. I was shocked to hear you say you weren't a birhther
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I believe it was 8 but either way its splitting hairs, he has added a mountain of debt either way.
"He" has not added a mountain of debt....a lot of that debt was the legacy of two unfunded wars. a huge tax cut from Bush that we really didn't need, and Bush's drug prescription plan which was admirable but cost a lot of money....add on to that the the Great Recession cost us millions of jobs thus reducing the tax base substantially and thats where the bulk of the debt came from......not from Obama spending wildly as you are implying......
DESTROYED AGAIN 8)
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I don't trust anyone in DC, but I do think with his business background he would have done things differently. Many people in the private sector just think differently than government employees.
This is actually a huge myth...the old "let a businessman run government because he would make it more efficient" way of thinking NEVER happens in the real world of politics where there has to be compromise.....and you can't just order things to be the way you want them to.....besides....almost all presidents have had or ran businesses before they were president......and definitely those in the presidents inner circle are people who have extensive experience in the business world
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I don't trust anyone in DC, but I do think with his business background he would have done things differently. Many people in the private sector just think differently than government employees.
Bush2 and Hoover were the two "business background" presidents.
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Bush2 and Hoover were the two "business background" presidents.
Bush 1 as well....ran Texaco I think...Jimmy Carter......millionare farmer
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Unfortunately, the world economy runs on debt.
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The debt is manageable right now - though way higher than it should be and getting dangerously huge - with total unfunded liabilities figured in it's probably upwards of 75 trillion or higher
It's like a mortgage - if you make 60 k a year and keep spending reigned in you can afford say a 150 k home because you pay on it over time, the problem is that when the interest equals the principal borrowed you can't pay it off - we are heading there
As the debt gets bigger we have to take more money from other areas to cover the interest payments - so less $ for education, infrastructure etc... and eventually with all the leeches living off the system it will implode
Capitalism can be a great thing, but must be handled with care or it can be a train wreck
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"He" has not added a mountain of debt....a lot of that debt was the legacy of two unfunded wars. a huge tax cut from Bush that we really didn't need, and Bush's drug prescription plan which was admirable but cost a lot of money....add on to that the the Great Recession cost us millions of jobs thus reducing the tax base substantially and thats where the bulk of the debt came from......not from Obama spending wildly as you are implying......
DESTROYED AGAIN 8)
so the next president can blame Obama for his explosion on govt spending then?
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so the next president can blame Obama for his explosion on govt spending then?
they always do, don't they? :)
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they always do, don't they? :)
you know it, I dont think obama has taken responsibility for any spending yet.