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Thread: Obama's approval rating grows following memorable week

  1. #471
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    Re: Obama's approval rating grows following memorable week

    Quote Originally Posted by Conservative View Post
    Yet Reagan was the right person at the right time and people like you still cannot get over his economic successes 27 years after he left office. Rather sad that you will never understand the U.S. economy or what drives it nor will you ever understand leadership and the lack of competence Obama has for the office he holds.
    30+ years of voodoo reaganomics and the middle class is still suffering from it. The first president in history to ruin the largest economy in the world by turning the country from a lender to a borrower. It's amazing you made 80!
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Obama's approval rating grows following memorable week

    Quote Originally Posted by Montecresto View Post
    30+ years of voodoo reaganomics and the middle class is still suffering from it. The first president in history to ruin the largest economy in the world by turning the country from a lender to a borrower. It's amazing you made 80!
    Yep, that is why the American public old enough to understand what Reagan inherited revere him still today. Guess something like personal responsibility remains a foreign concept to you just like what it means to have more money in your pocket which I believe is the bottom line problem for people like you. The 80's were the best period of my life and my families.

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    Re: Obama's approval rating grows following memorable week

    Quote Originally Posted by Conservative View Post
    Yep, that is why the American public old enough to understand what Reagan inherited revere him still today. Guess something like personal responsibility remains a foreign concept to you just like what it means to have more money in your pocket which I believe is the bottom line problem for people like you. The 80's were the best period of my life and my families.
    Yeah, borrowing two trillion dollars, destroying our lender status and setting a precedence for all future presidents to borrow is peak personal responsibility. And the eighties were the best for you because Reagan didn't make you pay for any of his bull **** ideas. He just borrowed it. And you have the balls to lecture about personal responsibility. What a farce.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Obama's approval rating grows following memorable week

    Quote Originally Posted by Montecresto View Post
    Yeah, borrowing two trillion dollars, destroying our lender status and setting a precedence for all future presidents to borrow is peak personal responsibility.
    Guess you just don't understand the differences that I described and even what a peace dividend is. Thanks for playing but you are a waste of time just like far too many here who ignore facts and the data that supports them.

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    Re: Obama's approval rating grows following memorable week

    That long term liability becomes unfunded when the Govt spends the money on things other than SS and Medicare and those TBills are an expense because they have to be funded by CASH. Where is the money going to come from to fund those T-Bills?
    Oh, we're going for a subject change now, are we? This might be the first wise thing you've done to get out of the hole you created were it not for the fact that yet again you've demonstrated a complete lack of understanding of not just the budgeting and fiscal terms but not even the mechanism of how SS functions. You really don't even understand basic accounting terms. Contributions to SS/MC are assets not liabilities; distributions are the liabilities. When you deposit money into your bank account do you call that the creation of a liability since you will spend some of that money later? Maybe you do but that's not how accountants look at it. But you have (inadvertently, of course) put your finger on why there can be budget surpluses and yet the debt still goes up. In Clinton's case, the money borrowed from the SS trust fund (in the form of TBills issued to the trust fund) due to the massive Reagan/BushI deficits and the interest had to be paid back to the trust fund so the debt didn't actually decrease. But one can see strong evidence of reduction of the rate of increase by looking at your favorite site (treasury direct, debt to the penny). Here's a summary of the few years right before the Clinton surpluses and then the years during the surpluses. Even you might be able to see that there was a 90% decrease (in the rate of increase). I also included the first Bush FY to demonstrate how drastically it went up again after his disastrous tax cuts took effect (FY 2002). Just look at how the debt only increased by $18B from 1999-2000 but is up over $400B by end of FY2002, just two years into the Bush Disaster tax cuts.

    09/30/2002 6,228,235,965,597.16
    09/30/2001 5,807,463,412,200.06
    09/30/2000 5,674,178,209,886.86
    09/30/1999 5,656,270,901,615.43
    09/30/1998 5,526,193,008,897.62
    09/30/1997 5,413,146,011,397.34
    09/30/1996 5,224,810,939,135.73
    09/29/1995 4,973,982,900,709.39
    09/30/1994 4,692,749,910,013.32

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    Re: Obama's approval rating grows following memorable week

    Quote Originally Posted by clownboy View Post


    You're celebrating that for the first time as much a HALF the people approve of the job he's doing? Any other business and that employee would be fired.
    When Obama was first elected, the presidential approval rate was at about 30% (Bush), so assuming that Obama maintains 50% or higher approval rating the dem nominee will have a much easier time than the republican nominee did in 2008.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Obama's approval rating grows following memorable week

    Quote Originally Posted by Conservative View Post
    Guess you just don't understand the differences that I described and even what a peace dividend is. Thanks for playing but you are a waste of time just like far too many here who ignore facts and the data that supports them.
    And you just don't understand the difference between 200 years and 39 presidents accumulating 900 billion in debt, and one old movie star, coming in and single handedly borrowing TWO TRILLION dollars, destroying our lender status and setting the stage for runaway debt. That's truly pathetic. The next guy to follow suit was that pos Bush who borrowed FIVE TRILLION!! So what the hell do you expect. Stop being a partisan, acknowledge that both parties own this shameful debt, and start insisting that it be paid down, or run the bastards out of DC, even if they do have an R behind their name. Or, just continue to be a partisan hypocrite.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Obama's approval rating grows following memorable week

    Quote Originally Posted by digitusmedius View Post
    Oh, we're going for a subject change now, are we? This might be the first wise thing you've done to get out of the hole you created were it not for the fact that yet again you've demonstrated a complete lack of understanding of not just the budgeting and fiscal terms but not even the mechanism of how SS functions. You really don't even understand basic accounting terms. Contributions to SS/MC are assets not liabilities; distributions are the liabilities. When you deposit money into your bank account do you call that the creation of a liability since you will spend some of that money later? Maybe you do but that's not how accountants look at it. But you have (inadvertently, of course) put your finger on why there can be budget surpluses and yet the debt still goes up. In Clinton's case, the money borrowed from the SS trust fund (in the form of TBills issued to the trust fund) due to the massive Reagan/BushI deficits and the interest had to be paid back to the trust fund so the debt didn't actually decrease. But one can see strong evidence of reduction of the rate of increase by looking at your favorite site (treasury direct, debt to the penny). Here's a summary of the few years right before the Clinton surpluses and then the years during the surpluses. Even you might be able to see that there was a 90% decrease (in the rate of increase). I also included the first Bush FY to demonstrate how drastically it went up again after his disastrous tax cuts took effect (FY 2002). Just look at how the debt only increased by $18B from 1999-2000 but is up over $400B by end of FY2002, just two years into the Bush Disaster tax cuts.

    09/30/2002 6,228,235,965,597.16
    09/30/2001 5,807,463,412,200.06
    09/30/2000 5,674,178,209,886.86
    09/30/1999 5,656,270,901,615.43
    09/30/1998 5,526,193,008,897.62
    09/30/1997 5,413,146,011,397.34
    09/30/1996 5,224,810,939,135.73
    09/29/1995 4,973,982,900,709.39
    09/30/1994 4,692,749,910,013.32
    Look, I know how hard it is for you to keep more of what you earn but the reality is 9/11 had something to do with the debt and the deficits but then again you were probably too young to remember it.

    I am so sorry that allowing people to keep more of what they earn is a problem for you so my suggestion is to send it back to the Federal Govt. and to continue to do that with every paycheck you get when and if you get one.

    What isn't surprising to me is the reality that you are off the kick that Bush generated a 1.7 trillion dollar deficit in fiscal year 2009. Secondly thanks for explaining how my contributions to SS and Medicare are assets, didn't know that just like apparently I didn't know that the unified budget took those assets and spent them creating IOU's that have to be funded. Apparently you think the money tree will fund those IOU's when they come due but until that time they are unfunded and thus a liability that has to be accounted for. Guess the unified budget is another term you don't understand.

  9. #479
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    Re: Obama's approval rating grows following memorable week

    Quote Originally Posted by Montecresto View Post
    And you just don't understand the difference between 200 years and 39 presidents accumulating 900 billion in debt, and one old movie star, coming in and single handedly borrowing TWO TRILLION dollars, destroying our lender status and setting the stage for runaway debt. That's truly pathetic. The next guy to follow suit was that pos Bush who borrowed FIVE TRILLION!! So what the hell do you expect. Stop being a partisan, acknowledge that both parties own this shameful debt, and start insisting that it be paid down, or run the bastards out of DC, even if they do have an R behind their name. Or, just continue to be a partisan hypocrite.
    Never have I been an advocate of debt but the reality is when debt is created something positive has to happen or it just that debt. You buy a home, you create debt and if that home doesn't appreciate then that debt will consume you. Reality is Reagan's share of the debt was the growth in military spending which created a peace dividend with the destruction of the Soviet Union. Much of the debt was created by a Congress that saw revenue coming in and growing social spending which they attached to the defense appropriations. Tell me that a peace dividend isn't a good use of money. It was that peace dividend that was squandered just like the growth in social spending.

    I know this is hard for you to understand but Reagan saw a growth in the size of govt. from 619 billion dollars to 1.2 trillion dollars or a 500 billion dollar increase in 8 years. Today our govt. is more than triple that yet you blame it on Reagan? Yes, the debt was created by both parties but the debt that generated the most benefit to the average American was the Reagan debt as indicated by the verifiable results including job creation, GDP growth, and peace dividend. In addition what you don't seem to understand is one trillion of the Bush debt according to the GAO was due to 9/11

    Want to continue playing this game? I will continue to destroy your credibility and argument

  10. #480
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    Re: Obama's approval rating grows following memorable week

    Quote Originally Posted by Conservative View Post
    Never have I been an advocate of debt but the reality is when debt is created something positive has to happen or it just that debt. You buy a home, you create debt and if that home doesn't appreciate then that debt will consume you. Reality is Reagan's share of the debt was the growth in military spending which created a peace dividend with the destruction of the Soviet Union. Much of the debt was created by a Congress that saw revenue coming in and growing social spending which they attached to the defense appropriations. Tell me that a peace dividend isn't a good use of money. It was that peace dividend that was squandered just like the growth in social spending.

    I know this is hard for you to understand but Reagan saw a growth in the size of govt. from 619 billion dollars to 1.2 trillion dollars or a 500 billion dollar increase in 8 years. Today our govt. is more than triple that yet you blame it on Reagan? Yes, the debt was created by both parties but the debt that generated the most benefit to the average American was the Reagan debt as indicated by the verifiable results including job creation, GDP growth, and peace dividend. In addition what you don't seem to understand is one trillion of the Bush debt according to the GAO was due to 9/11

    Want to continue playing this game? I will continue to destroy your credibility and argument
    You've destroyed nothing. Setting in retirement banging away at your keyboard all day. But Reagan destroyed Americas lender status, transformed the United States into a debtor state that is now borrowing our way into oblivion. And in eighty years, you've learned nothing about that. Play with yourself.
    Killing one person is murder, killing 100,000 is foreign policy

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