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Thread: US borrowing tops 100% of GDP: Treasury

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    US borrowing tops 100% of GDP: Treasury

    US debt shot up $238 billion to reach 100 percent of gross domestic project after the government's debt ceiling was lifted, Treasury figures showed Wednesday.
    Treasury borrowing jumped Tuesday, the data showed, immediately after President Barack Obama signed into law an increase in the debt ceiling as the country's spending commitments reached a breaking point and it threatened to default on its debt.
    US borrowing tops 100% of GDP: Treasury - Yahoo! News

    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: US borrowing tops 100% of GDP: Treasury

    Did we start new programs? Did congress pass new bills requiring new funds immediately? Wow, what did happen that I didn't hear about?

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    Re: US borrowing tops 100% of GDP: Treasury

    "I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them."
    Thomas Jefferson
    Yup, T. Jefferson took such good care of his slaves and his, hum, well he took care of Sally Hemings that the government didn't have to interveen. Right?

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    Re: US borrowing tops 100% of GDP: Treasury

    Great Mr. V, tell me how much money President George W. Bush stole from Americans in terms of social security to buy down debt in his 8 years in office? Hmmm? Have to look that up? I'll wait.










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    Re: US borrowing tops 100% of GDP: Treasury

    Quote Originally Posted by Risky Thicket View Post
    Great Mr. V, tell me how much money President George W. Bush stole from Americans in terms of social security to buy down debt in his 8 years in office? Hmmm? Have to look that up? I'll wait.
    Bush is President, hasn't been for years. Keep living in the past Risky, if this is all you got why do you bother posting?
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: US borrowing tops 100% of GDP: Treasury

    Quote Originally Posted by MrVicchio View Post
    Bush is President, hasn't been for years. Keep living in the past Risky, if this is all you got why do you bother posting?
    Either you can't answer the question or you know the answer.

    I actually voted for Bush in 2000.










    "When Faith preaches Hate, Blessed are the Doubters." - Amin Maalouf

    When trouble arises and things look bad, there is always one individual who perceives a solution and is willing to take command. Very often, that person is crazy. ~Dave Barry



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    Re: US borrowing tops 100% of GDP: Treasury

    Quote Originally Posted by Risky Thicket View Post
    Great Mr. V, tell me how much money President George W. Bush stole from Americans in terms of social security to buy down debt in his 8 years in office? Hmmm? Have to look that up? I'll wait.
    which makes him like previous presidents of both parties. what makes him unique, however, is that Bush tried to fix Social Security.

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    Re: US borrowing tops 100% of GDP: Treasury

    Are we still worried about blame? Especially when finding someone to blame in the past produces nothing for the future? Lets focus our energy on solutions, and focus our attention to the current gov't who are currently responsible for fixing the US debt problems even if certain individuals are or are not responsible for its creation.

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    Re: US borrowing tops 100% of GDP: Treasury

    Quote Originally Posted by MrVicchio View Post
    Bush is President, hasn't been for years. Keep living in the past Risky, if this is all you got why do you bother posting?
    He was thinking of Clinton.

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    Re: US borrowing tops 100% of GDP: Treasury

    Quote Originally Posted by cpwill View Post
    which makes him like previous presidents of both parties. what makes him unique, however, is that Bush tried to fix Social Security.

    we wouldn't have been a lot better off if social security had been heavily invested in the financial sector in '08.

    there would have been two bailouts, which would have led to bailouts every time social security lost money in a crashing market.

    the surest way to fix social security is to raise the contribution ceiling.

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