National Debt has increased more under Obama than under Bush

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National Debt has increased more under Obama than under Bush

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#16

07-02-2012, 02:52 AM

TRNT

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Quote from Rebound

Didn't the asshole republican Congress threaten to shut down the government unless he agreed to extend the tax cuts for the poor, poor millionaires?

Finally a couple of poors whom republicans can support.

HarHarHar

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07-02-2012, 02:52 AM
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#17

07-02-2012, 04:31 AM

OhNoItsDEVO

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Quote from Ryu-bom

hmmmm...

so the right don't want to pass the debt onto future generation..

But they are not too concern with passing global warming and pollution to future generation Confused

Please tell me what can be done to turn around this dire problem of global warming Ryu.
Perhaps you can ask nic for a couple of ideas...

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#18

07-02-2012, 05:33 AM

andyfico

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Quote from andyfico

It should be fun to see the creativity that emerges in the form of spin. We'll see if his supporters' egos can handle the facts.

It appears I was right judging from the initial scrambling to protect "their guy". Although I didn't say anything about deflection and we're seeing some of that early on in this thread.

All growth depends upon activity. There is no development physically or intellectually without effort, and effort means work. — Calvin Coolidge
"Under Barack Obama, the only 'change' is that 'hope' is hard to find" - Marco Rubio

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#19

07-02-2012, 06:10 AM

Hawk2007 The Bird is the Word Member sinceDec 2006 Posts14,632 LocationWashingrad Reputation 542 + Give Rep	There was absolutely nothing President Obama could do about the national debt when the democrat party held super-majorities in the House and Senate.
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#20

07-02-2012, 06:51 AM

Krazen1211

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Quote from 124nic8

And of course Obama's record has nothing to do with plummeting downward direction of the economy when he took office, right?

Do you think the responsible thing to do when faced with plummeting tax revenues and a collapsing economy would be a matching cut in Federal spending which would further exacerbate the collapse?

Nope. CBO predictions from 2009 state otherwise.

Yep. Because this is made up bull.

Romney, if he is elected, will inherit the worst economic growth and highest debt growth in history. Best of luck.

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#21

07-02-2012, 06:53 AM

Krazen1211

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Quote from Rebound

Subtract:
Interest payments on the Bush debt
Cost of Iraq War
Effect of Irrevocable Bush tax cuts

Those Bush-created expenditures vastly dwarf Obama's stimulus and other spending packages.

You forgot to also subtract expenses for the Great Society attributed to Lyndon Johnson.

But its amazing how liberals come up with a new scheme when their guy utterly fails under the old one.

Quote from Rebound

Didn't the asshole republican Congress threaten to shut down the government unless he agreed to extend the tax cuts for the poor, poor millionaires?

Factually wrong. We didn't have a Republican Congress at the time.

Last edited by Krazen1211; 07-02-2012 at 06:55 AM.. Reason: Automerged Doublepost

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#22

07-02-2012, 06:58 AM

Rebound

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Quote from Krazen1211

Romney, if he is elected, will inherit the worst economic growth and highest debt growth in history. Best of luck.

He doesn't care. His rich buddies will get insanely richer.

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#23

07-02-2012, 07:01 AM

Krazen1211

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Quote from Rebound

He doesn't care. His rich buddies will get insanely richer.

You mean like how they have done so since 2009, how they did between 1993 and 2000, and how they do so in the 2 most stratified metro areas in the US in terms of wealth inequality (San Francisco and DC)?

It's not like liberals actually worry about rich buddies getting richer. They just pretend to do so.

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#24

07-02-2012, 07:03 AM

Danman114 . Member sinceSep 2004 Posts8,137 LocationBoston Followers 0	I'm kind of surprised that no one has tried dividing the ugly Obama debt numbers by some other figures, in order to get some meaningless percentage in an attempt to explain away the disaster our federal government has created in mismanaging its budget.
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#25

07-02-2012, 07:13 AM

Krazen1211

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Quote from Danman114

I'm kind of surprised that no one has tried dividing the ugly Obama debt numbers by some other figures, in order to get some meaningless percentage in an attempt to explain away the disaster our federal government has created in mismanaging its budget.

They could try to divide it by GDP. Problem is GDP has barely nudged during the Obama Presidency.

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#26

07-02-2012, 07:15 AM

Danman114

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Quote from Krazen1211

They could try to divide it by GDP. Problem is GDP has barely nudged during the Obama Presidency.

That, and government spending is part of GDP. So as you increase government spending, you also increase GDP.

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#27

07-02-2012, 07:33 AM

MISHNAH

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Quote from Rebound

Didn't the asshole republican Congress threaten to shut down the government unless he agreed to extend the tax cuts for the poor, poor millionaires?

Right, because when when 70% of the tax cuts go to NON-rich people, they are tax cuts only for millionaires. shake head

Doesnt it hurt your brain to ignore the facts only to hate on the "rich"?

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#28

07-02-2012, 07:38 AM

Holysmoke 21 only son Member sinceJan 2006 Posts1,307 Reputation 132 Followers 0 + Give Rep	Democrat = Gambino Republican = Genovese Bush, Obama, all run by the same people. wake up sheep
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#29

07-02-2012, 07:40 AM

124nic8

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Quote from fishy420

Do you think the responsible thing to do is just to continue on the path that we are on and push a dire collapse onto the next generation?

Probably a "dire collapse" would be better delayed with the possibility of figuring out how to prevent it.

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#30

07-02-2012, 07:48 AM

124nic8

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Quote from Krazen1211

Nope. CBO predictions from 2009 state otherwise.

Which included stimulus spending....

Quote :

Yep. Because this is made up bull.

Almost all the experts disagree with you.

Many major banks were on the verge of collapse.

Quote :

Romney, if he is elected, will inherit the worst economic growth and highest debt growth in history. Best of luck.

In history? You need to re-take your American history courses cause you weren't paying attention. Economic growth has most definitely been lower that now in US history.

And it would be much lower now had debt growth not stimulated the economy.

Are you really that ignorant about the state of the economy in 2008?

Quote from Danman114

That, and government spending is part of GDP. So as you increase government spending, you also increase GDP.

Are you trying to claim that government spending is not economic activity?

And/or that it does not facillitate private economic activity?

Last edited by 124nic8; 07-02-2012 at 07:50 AM.. Reason: Automerged Doublepost

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National Debt has increased more under Obama than under Bush