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Thread: Govt. borrows 46 cents of every dollar it spends

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Moot View Post
    The recession didn't officially begin until Dec. 2007. The only person who really knew how bad it was ex-Goldman Sach's CEO and Bush's Treasury Secretary, Henry Paulson and his cronies on Wall Street because they caused it. Some say they planned it and I'm inclined to agree.
    That's just nonsense. Everyone who bothered reading the paper or who tried to keep up at all knew how bad it was. Don't you recall how BHO said how bad the debt was and that Bush was "unpatriotic" for allowing it to get so high?

    Of course Obama has done to that debt in 4 years what took Bush 8 years to do.

    How unpatriotic does that make Barrack Obama?.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Grant View Post
    That's just nonsense. Everyone who bothered reading the paper or who tried to keep up at all knew how bad it was. Don't you recall how BHO said how bad the debt was and that Bush was "unpatriotic" for allowing it to get so high?

    Of course Obama has done to that debt in 4 years what took Bush 8 years to do.

    How unpatriotic does that make Barrack Obama?.
    Right, it only took Bush 8 years to run up the debt to 10 trillion and destroy the global economy and you expected Obama to clean up the mess in 4 years? Yes, there were a lot of people who saw the train wreck coming, but they were either ignored, ridiculed or fired for being unpatriotic.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Dittohead not! View Post
    Fill what void? The void left by the government being pared back to what it was a decade ago?

    Who filled the void then?
    cold turkey is often the only proper path for addicts

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Moot View Post
    Right, it only took Bush 8 years to run up the debt to 10 trillion and destroy the global economy and you expected Obama to clean up the mess in 4 years? Yes, there were a lot of people who saw the train wreck coming, but they were either ignored, ridiculed or fired for being unpatriotic.
    Obama's goal seems to destroy the country much faster than you claim Bush did.

    his solution to Bush's spending is to spend tons more

    why do obama supporters whine about Bush's spending when they support Obama spending?

    is it that Bush's spending did not create as many dependent sloths beholden to the government as Obama's does?

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by TurtleDude View Post
    Obama's goal seems to destroy the country much faster than you claim Bush did.

    his solution to Bush's spending is to spend tons more

    why do obama supporters whine about Bush's spending when they support Obama spending?

    is it that Bush's spending did not create as many dependent sloths beholden to the government as Obama's does?
    You know darn well TD, that government spending during a recession is the Keynesian way. Starving the economy during an economic downturn has been proven pure folly. Just ask Hoover.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Moot View Post
    Right, it only took Bush 8 years to run up the debt to 10 trillion and destroy the global economy and you expected Obama to clean up the mess in 4 years? Yes, there were a lot of people who saw the train wreck coming, but they were either ignored, ridiculed or fired for being unpatriotic.
    You don't know that Bill Clinton left George Bush a debt of almost $6 trillion?

    The MSM has let you down.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Moot View Post
    You know darn well TD, that government spending during a recession is the Keynesian way. Starving the economy during an economic downturn has been proven pure folly. Just ask Hoover.
    Keynes works well in theory but in practice politicians borrow money during the bad times but don't pay it back during the good times. It is not to their benefit to pay down the debt and, in Obama's case anyway, the electorate doesn't seem to care.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Grant View Post
    Keynes works well in theory but in practice politicians borrow money during the bad times but don't pay it back during the good times. It is not to their benefit to pay down the debt and, in Obama's case anyway, the electorate doesn't seem to care.
    It's not to anyone's benefit to pay down the debt during a recession. If you don't like debt then you should have been more vociferous about it back in 2003 - 2004 when Greenspan warned the Republican congress that the tax cuts wouldn't work if they didn't get their spending under control.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Grant View Post
    You don't know that Bill Clinton left George Bush a debt of almost $6 trillion?

    The MSM has let you down.
    Clinton inherited 12 years of Bush/Reagan policies and a recession and you're whining because he deregulated the financial industry, gave us the free trade agreement NAFTA, reduced the size of government, overhauled welfare and left BushJr. with a budget surplus? Get over it.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Moot View Post
    Clinton inherited 12 years of Bush/Reagan policies and a recession and you're whining because he deregulated the financial industry, gave us the free trade agreement NAFTA, reduced the size of government, overhauled welfare and left BushJr. with a budget surplus? Get over it.
    I never mentioned NAFTA or anything else. What I said was that he left Bush with an almost $6 trillion dollar debt. Do you understand that part before you move on elsewhere?

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