Not really.
Its been awhile
- Thread starter klaatu
- Start date
Not really.
hotdog
Victory Shall Be Mine
I was just joking I don't actually believe in the international Banker conspiracy allthough asshatzombie does. He even believes that they had JFK assasinated. I find the conspiracy to be funny. I agree that Bankers do have a lot of power over the government and other countries but not to the extent that every politician is a bankers yes man.
klaatu
Fusionist
Is this a bad attempt to discredit the OP? Ok...I exaggerated ...in actuality Obama Added More to National Debt in First 19 Months than All Presidents from Washington Through Reagan ... excuse me. Im like a Hollywood Leftist Director .. I exercise the right to exaggerate for dramatic effect ... Just like liberals exaggerate here everyday claiming that the Inept and Unprepared disaster that sits in 1600 Penn Ave is doing fantastic .... saving jobs and kissing Islam ass .....
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Canceled
So now a barefaced lie is called exaggeration!! If this is an example of your ouevre then you ought to stay away a lot longer. If McCain had won he would have had to exactly the same as Obama, when will you arseholes wake up and realise how close the world's financial system was to complete meltdown.
http://www.economyincrisis.org/content/wealthiest-nation-world
What actions did Obama take in the first 19 months that you contend added to the deficit and how much did they add to the deficit? By comparison, what amount did the Bush tax cuts and other Bush policies add to the deficit in the same period?
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klaatu
Fusionist
Oh ...now its a bare faced lie .. is this all you have? Seriously ...
I outlined it pretty well in a later post in this thread on how and why it happened? Why dont you try reading thoroughly before you make a complete arsehole out of yourself? As far as The Health Care Scam? Oh Yeah, that was necessary to avoid a World Economic Meltdown ...
Grow up ... most of what was shoved through was not necessary ...it would have been a lot healthier for some of those failed institutions wither away. All we did was give life and a new series of Bonuses to a lot of people that were responsible in creating this boondoggle in the first place ... The stimulus plan was full of paybacks and pork favors .... hasn't done shite for the overall health of the economy.
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I am damn sure you would have been playing a different tune if you had gone to an ATM to draw some money and found that your account had been frozen or no longer existed. As to paybacks and pork, that's the way the political system works in the US, you can't be so naive to think otherwise or can you?
You should be campaigning for the reinstatement of the Glass-Steagall act. Basel III, which was agreed last week, was a good first step but the financial institution's obscene bonus culture has to be the next stage.
http://www.businessspectator.com.au...ic-capital-buffers-98PCV?opendocument&src=rss
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An exaggeration?
Calling a debt that was over $10 Trillion, $3 Trillion, and implying Obama added a full $10 Trillion in such a short time?
Sorry - that's pathetic. It's called a credibility nosedive. It completely undermines anything else you were trying to say.
klaatu
Fusionist
Onceler ..screw you .... you know whats pathetic...? You are obsessing with that one friggin statement tryin to discredit someone you perceive to be the enemy, and you have not said one word on my followup post .. Why is that? Maybe you ought to look at your own pathetic credibility...
klaatu
Fusionist
What are we talking Debt or Deficit? Tax Cuts are the peoples money first ...so the Government cant count what they dont have. Think man ...think....
Debt. Apologies for the confusion.
klaatu
Fusionist
Since you asked ... where do we begin ... Debts and deficit.. too much debt creates deficits. Again ...Tax Structures always change so you can no longer account for Tax Revenues from over 10 years ago before the Bush Tax Cuts.
Obama's first 2 years have been most breathtaking, First came the announcement to gain control over the banking system by calling it a bailout, this by a Treasury comprised of the very thieves who used it to bankroll their swindles of hundreds of billions of dollars. Then came the trillion dollar stimulus plan, a plan to reinvest money back into America, but yet only 20% of the plan goes into a failing American infrastructure, the bulk of the rest into Government Social Engineering. The next step was the Government takeover of Histories most storied and largest Corporation, the Model of American Free Enterprise System, General Motors.
Next on Deck… was the debate of the new century, The Health Care Scam. Obama and his personal Congress who campaigned on transparency and C-Span negotiations, in a back room closed door meetings, put forth a complete partisan Health Care Scam that would mandate every American carry a Health Insurance Card otherwise face a Tax Penalty that could in theory result in a jail term.
All this in less than two years .... Carl Marx would be impressed ......
TARP was Bush, not Obama. And on balance, it hasn't really cost all that much.
Your figure is kind of exaggerated. The actual costs of the stimulus bill, including both tax cuts and spending was 787 billion. Yes, it's a big number but it sure as shit ain't 13 trillion.
OK. Well, net so far that is about $43 billion. Of course, there's all that stock the government received in return which has value but lets leave it at $43 billion. The running tally so far is $830 billion.
What does this have to do with debt and deficits? I suppose you want to credit Obama for the deficit reductions here?
I get it. You don't like Obama. But what does this have to do with debt or deficits.
At the end of the day, we have $13 trillion in debt of which, according to you, Obama is responsible for 7%. Yet, you claim that "Obama Added More to National Debt in First 19 Months than All Presidents from Washington Through Reagan." That's fucking stupid.
klaatu
Fusionist
You know whats stupid Nigel .. playing with fire ......
The fact is the National Debt is over 13 trillion and scheduled to hit 19 trillion by the year 2019. You see the National Debt is computed by the amount of Money it Borrows to sustain Government along with rapid mounting interest and the value of the money that it prints.
What has Obama added to the Budget since he has been in Office? As I pointed out in an earlier post in this thread that you obviously didnt read ... Bush was responsible for the first Financial Bailout towards the end of his 2nd term... that was 700 bil. Soon after he took office, Obama followed up with a Financial Bailout of his own.. that was another 700 bil. As we both pointed out Obama took over GM and which cost another 50 bil.
President Obama and his Congress passed a $800 billion down payment on a Health Care Scam ...
Obama has increased Education spending over 100 percent faster than inflation ... compare that to Bush's 58%
In his first 18 mos in office, President Obama has already in*creased anti-poverty spending by 20 percent.
The point is this ... he is spending at a pace that would Bankrupt this Country much like what happened in Greece. Im not defending Bush... because he was a bad as well...
Obama has spent most of this creating emergency policy outside creating a Budget ,.....its insane ...
All signs are trending towards things getting worse .. and as this Country spirals towards Bankruptcy... an all out Depression looms on the Horizon.
--- "Deficit" vs. "Debt"---
Suppose you want to spend more money this month than your income. This situation is called a "budget deficit". So you borrow (ie; use your credit card). The amount you borrowed (and now owe) is called your debt. You have to pay interest on your debt. If next month you don't have enough money to cover your spending (another deficit), you must borrow some more, and you'll still have to pay the interest on the loan. If you have a deficit every month, you keep borrowing and your debt grows. Soon the interest payment on your loan is bigger than any other item in your budget. Eventually, all you can do is pay the interest payment, and you don't have any money left over for anything else. This situation is known as bankruptcy.
http://www.federalbudget.com/
Don't crack wise with me, junior. This ain't my first rodeo.
Obama didn't follow up with any financial bailout. TARP was passed by Bush. The stimulus bill was not a financial bailout by any reasonable measure. And, as I pointed out, it's price tag, including tax cuts and spending, was $787 billion.
That's actually total bullshit. The Affordable Care Act lowers the deficit (and thereby reduces projected debt).
The link doesn't support what you said. Nevertheless, let's talk actual numbers here hotshot. You're going to need to start talking hard numbers if you want to have any chance in hell of supporting your ridiculous statement about Obama's supposed debt creation.
When you get down to it, I bet dollars to donuts that the increase education spending you're talking about is just the stimulus spending that we've already counted.
Show me the numbers and see above.