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Thread: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Conservative View Post
    Our Debt is over 100% of our GDP which is mostly private sector generated and you don't have a problem with that? You continue to post information that shows how little you understand about the economy and the Obama results. Apparently the role of the Federal Govt in your world is to spend money we have to print or borrow on programs that we don't need to generate results that you don't understand. Too much debt is spending more than you don' generate revenue to pay for.
    That's where you are wrong. Govt. debt is money spent for the future of the country, that's why we don't pay it back. Deficits are coming down to manageable levels and the now is the time to start investing.

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Conservative View Post
    Our Debt is over 100% of our GDP which is mostly private sector generated and you don't have a problem with that? You continue to post information that shows how little you understand about the economy and the Obama results. Apparently the role of the Federal Govt in your world is to spend money we have to print or borrow on programs that we don't need to generate results that you don't understand. Too much debt is spending more than you don' generate revenue to pay for.
    http://www.peri.umass.edu/fileadmin/...-350/WP322.pdf

    Read something useful.

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    CNN is now FOXlite, with Wolf Blitzer as the new Repub spokesman.
    Could it be that CNN wants the REpub debates sobad?
    Physics is Phun

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by iguanaman View Post
    That's where you are wrong. Govt. debt is money spent for the future of the country, that's why we don't pay it back. Deficits are coming down to manageable levels and the now is the time to start investing.
    Govt. debt that exceeds the GDP of the country violates the Constitution of the United States and ignores the promises and commitment made by politicians on previous debt ceiling debates. What specifically has Obama proposed to cut spending and live up to his commitment during the 2011 debt ceiling debate? I keep hearing about the Congress doing the right thing but what about the President. Maybe that is why he has a 37% approval rating.

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Mithros View Post
    I prefer to read actual Treasury Data and information on what makes up the debt. You continue to false report that public debt is the main problem facing this country and doesn't exceed GDP when the reality is public debt is part of the total debt, something you don't seem to understand. Figure out how we pay for the trillions in IOU's that the govt is holding on money taken out of intergovt. holdings to show a lower public debt?

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Conservative View Post
    Govt. debt that exceeds the GDP of the country violates the Constitution of the United States and ignores the promises and commitment made by politicians on previous debt ceiling debates. What specifically has Obama proposed to cut spending and live up to his commitment during the 2011 debt ceiling debate? I keep hearing about the Congress doing the right thing but what about the President. Maybe that is why he has a 37% approval rating.
    What country are you talking about? Here in the US we have run a deficit for 63 of the last 73 years. There is nothing in the Constitution that forbids it either. Most economists feel that preparing for the future is far more important than a balanced budget.

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by iguanaman View Post
    What country are you talking about? Here in the US we have run a deficit for 63 of the last 73 years. There is nothing in the Constitution that forbids it either. Most economists feel that preparing for the future is far more important than a balanced budget.
    It is morally irresponsible to have debt exceeding our yearly GDP and generating the results we have today, something you and your other liberal minions don't understand? You think the economic results today are the right return on that debt? You seem to have a different opinion as to the role of the Federal Govt but wonder how that opinion changes when certain program that you want are affected?

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by Conservative View Post
    It is morally irresponsible to have debt exceeding our yearly GDP and generating the results we have today, something you and your other liberal minions don't understand? You think the economic results today are the right return on that debt? You seem to have a different opinion as to the role of the Federal Govt but wonder how that opinion changes when certain program that you want are affected?
    Ronald Reagan sextupled the national debt from 253B to $1.4T. Was he morally irresponsible?

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by allpoliticsbaby View Post
    Ronald Reagan sextupled the national debt from 253B to $1.4T. Was he morally irresponsible?
    Ronald Reagan increased the debt 1.7 trillion dollars, doubled GDP, increased govt. income tax revenue by 60%, created 17 million jobs, and created a peace dividend. His debt never exceeded 100% of GDP and thus the return on that debt was outstanding

    By the way the debt went from 900 billion to 2.6 trillion under Reagan and yet the results were outstanding. You see, debt generating those kind of results isn't a problem. Increasing the debt 6.4 trillion and having Obama's results are

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    Re: CNN Poll: GOP would bear the brunt of shutdown blame [W:176:468]

    Quote Originally Posted by iguanaman View Post
    What country are you talking about? Here in the US we have run a deficit for 63 of the last 73 years. There is nothing in the Constitution that forbids it either. Most economists feel that preparing for the future is far more important than a balanced budget.
    So Obama, with his almost $18 trillion debt plus obligations of trillions more, is 'preparing for the future'?

    What kind of future do you and he envision?

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