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Thread: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, negativ

  1. #161
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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by Karl View Post
    Since I'm sure you meant to say "yes, I see your point -- my bad", I will wait until you edit your post and then say "thank you, don't sweat it"
    From 2000-2008 we added $5T to the national debt, making it increase from $6T to $11T, then from 2008-2012 we added $5T to the national debt (twice the rate of debt increase), making it increase from $11T to $16T. It may not bother you but we have more than TRIPLED the national debt in 12 years, from under 33% of GDP (in 2000) to over 100% of GDP (in 2012) hardly the "small potatoes" or "no big deal" TREND that you wish it to be. At what point would you start to worry about it? Let me guess - when the GOP takes over control of the federal gov't? I also think it clever of you, to use today as your level of the 2012 national debt, even as it goes up every minute of every hour of every day. Yes he did! ;-)
    Last edited by ttwtt78640; 06-10-12 at 07:14 PM.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  2. #162
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    Dittohead not!'s Avatar
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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    So, when are we going to be able to quit pointing fingers and arguing over who was the worst at running up the debt, and begin to seek practical ways to actually start reducing it?

    Ever?

    After the voters have finally become fed up enough to replace the whole of Congress?

    After the economy collapses?

    When?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    ttwtt78640's Avatar
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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by Dittohead not! View Post
    So, when are we going to be able to quit pointing fingers and arguing over who was the worst at running up the debt, and begin to seek practical ways to actually start reducing it?

    Ever?

    After the voters have finally become fed up enough to replace the whole of Congress?

    After the economy collapses?

    When?
    Being Santa Claus is better than being the Grinch politically, for sure. Neither party dare try any plan that would shift any block of voters to the other party/candidate. The classic stalemate is in effect, no budget dare be offered so we get "continuing resolutions", stupid committees and ten year plans that back load any real changes to after the next, next election. The senate has no such "options" with their six year terms, so Reid just keeps any such bills from hitting the senate floor, maintaining the "go along as we are" big spending policy yet trying to blame the GOP even though the demorats still control the senate. It is indeed a mess as we continue to "kick the can down the road". USA, USA, USA...
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by Dittohead not! View Post
    So, when are we going to be able to quit pointing fingers and arguing over who was the worst at running up the debt, and begin to seek practical ways to actually start reducing it?

    Ever?

    After the voters have finally become fed up enough to replace the whole of Congress?

    After the economy collapses?

    When?
    Well, Obama appointed a debt commission, and then showed what a fake he was by ignoring all of it.

    So if Romney wins, and the Repubs get the Senate, and he just tapdances, then he'll get an ass-whupping from the Tea Patry right before 2016.

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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by Karl View Post
    How could you miss the graph that Hare posted?

    What do you see beginning in 1981? Doesn't it look a lot like nothing on the horizon but more debt?

    At least until Clinton could bring it under control, but then Bush II drove us off a neo-con cliff again


    Yes. That end was Democrat president Bill Clinton.
    There was no evidence that it went to $16 trillion.

    Bill Clinton got control of the debt? Hardly. This is the guy who put his wife in front of organizing a national health care system, surely the greatest act of nepotism in modern history and subsequently know as Hillarycare, which was subsequently voted down by the Republican Congress. It's that Congress who you want to thank.

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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by ttwtt78640 View Post
    Being Santa Claus is better than being the Grinch politically, for sure. Neither party dare try any plan that would shift any block of voters to the other party/candidate. The classic stalemate is in effect, no budget dare be offered so we get "continuing resolutions", stupid committees and ten year plans that back load any real changes to after the next, next election. The senate has no such "options" with their six year terms, so Reid just keeps any such bills from hitting the senate floor, maintaining the "go along as we are" big spending policy yet trying to blame the GOP even though the demorats still control the senate. It is indeed a mess as we continue to "kick the can down the road". USA, USA, USA...
    It all goes back to 'getting the government you deserve'.

    If this present generation thinks they can spend their way into prosperity then everyone will eventually pay, including future Americans. Fiscal ignorance does not go unpunished.

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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by Eighty Deuce View Post
    Well, Obama appointed a debt commission, and then showed what a fake he was by ignoring all of it.

    So if Romney wins, and the Repubs get the Senate, and he just tapdances, then he'll get an ass-whupping from the Tea Patry right before 2016.
    Right, but how many do-overs are there until a responsible adult is elected? A lot depends on Romney.

  8. #168
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    Dittohead not!'s Avatar
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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by Eighty Deuce View Post
    Well, Obama appointed a debt commission, and then showed what a fake he was by ignoring all of it.

    So if Romney wins, and the Repubs get the Senate, and he just tapdances, then he'll get an ass-whupping from the Tea Patry right before 2016.
    Um hmm, sure he will.

    Just like Obama got an "ass-whupping" from the Tea party.

    So far, "blame the other party" is the only plan anyone seems to have come up with to deal with this problem.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by Dittohead not! View Post
    Um hmm, sure he will.

    Just like Obama got an "ass-whupping" from the Tea party.

    So far, "blame the other party" is the only plan anyone seems to have come up with to deal with this problem.
    That's certainly the case with the incumbent and his supporters. Perhaps the next president can do better, but with the hand he's been dealt that's going to be difficult.

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    Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg

    Quote Originally Posted by Dittohead not! View Post
    Um hmm, sure he will.

    Just like Obama got an "ass-whupping" from the Tea party.

    So far, "blame the other party" is the only plan anyone seems to have come up with to deal with this problem.

    so what's your plan Ditto? Keep Obama? Vote for Gary Johnson knowing he can't win, which is a vote for Obama? Or get someone that has a track record of turning around large financial messes?

    j-mac
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