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Thread: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

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    Re: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

    I disagree entirely. Everything in the "stimulus bill" was a choice. A 3.2 trillion budget is a choice.

    It's unprecedented any way you slice it.
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    Re: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

    Quote Originally Posted by Harshaw View Post
    I disagree entirely. Everything in the "stimulus bill" was a choice.
    I didn't say it wasn't a choice, I said Bush would've done the same thing. Maybe a Bush stimulus bill would've been geared more toward tax cuts than spending, but it still would have added a crapload to the deficit.

    Quote Originally Posted by Harshaw
    It's unprecedented any way you slice it.
    We also haven't had -6.5% economic growth in a long time.
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    Re: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

    Quote Originally Posted by Kandahar View Post
    I didn't say it wasn't a choice, I said Bush would've done the same thing. Maybe a Bush stimulus bill would've been geared more toward tax cuts than spending, but it still would have added a crapload to the deficit.
    Like those who claimed that Gore wouldn't have had a successful response to 9/11, there's no way to know. Besides, Bush was never in play for this.


    We also haven't had -6.5% economic growth in a long time.
    But it's happened before.
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    Re: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

    Quote Originally Posted by celticlord View Post
    Obama Says U.S. Long-Term Debt Load ?Unsustainable? (Update1) - Bloomberg.com



    Talk about cluelessness. If Dear Leader weren't spending so damn much, he wouldn't have to borrow so damn much.

    Instead of all those Constitutional law courses he slept through at Harvard, he should have taken a basic class on how to balance a checkbook. Then he'd at least have some clue as to what the problem is.

    If Dear Leader wants to solve the problem of deficit spending, here's a simple suggestion:

    STOP SPENDING!
    What's your background in economics? Graduate? MBA? What?

    I'm interested in hearing a well thought out opinion on the article but all you offer is distain and sarcasm.

    When you ridicule a man who is smarter than you'll ever be, how do you expect to be taken seriously?

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    Re: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

    Quote Originally Posted by hazlnut View Post
    What's your background in economics? Graduate? MBA? What?
    Bachelor's in Accounting (suma cum laude graduate), plus 10 years of running my own business.

    In other words, I've got more economic background in my left pinky than Dear Leader has in that coconut atop his shoulders.

    Quote Originally Posted by hazlnut View Post
    When you ridicule a man who is smarter than you'll ever be, how do you expect to be taken seriously?
    If Dear Leader is so smart, why is his spending so stupid?

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    Re: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

    Quote Originally Posted by Harshaw View Post
    Apples/apples is comparing revenues to outlays.
    That ignores how things like Social Security are treated. Where government funds are allocated out of their original funds to pay for something else and replaced with a debt note. That's a deficit.

    I've never been to the Heritage site or relied on Heritage anything for my arguments. That's YOUR "assumption," and a wrong one.
    Then where did you get the notion that Obama's '09 deficit is greater than Bush's combined? Heritage Foundation has a rather large article on it and it's very recent.
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    Re: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

    Quote Originally Posted by Kandahar View Post
    A lot of the 2009 spending was already committed before Obama even took office.
    Last I checked, the inherited deficit was around $1.2 trillion. Obama's adding around $600 billion.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

    Quote Originally Posted by obvious Child View Post
    Last I checked, the inherited deficit was around $1.2 trillion. Obama's adding around $600 billion.
    What do you mean by "inherited deficit"? This year's deficit according to the Bush budget? I'm talking about spending for FY2010, much of which was already committed before Obama took office.
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    Re: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

    Quote Originally Posted by celticlord View Post
    Obama Says U.S. Long-Term Debt Load ?Unsustainable? (Update1) - Bloomberg.com



    Talk about cluelessness. If Dear Leader weren't spending so damn much, he wouldn't have to borrow so damn much.

    Instead of all those Constitutional law courses he slept through at Harvard, he should have taken a basic class on how to balance a checkbook. Then he'd at least have some clue as to what the problem is.

    If Dear Leader wants to solve the problem of deficit spending, here's a simple suggestion:

    STOP SPENDING!

    That is one of the stupidest suggestions I have ever heard!! Now can we move on to actual real solutions? The reality is that we need to raise taxes and cut spending. Neither party is going to cut spending, so that leaves one option, raise taxes!!

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    Re: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

    Quote Originally Posted by Frodly View Post
    That is one of the stupidest suggestions I have ever heard!! Now can we move on to actual real solutions? The reality is that we need to raise taxes and cut spending. Neither party is going to cut spending, so that leaves one option, raise taxes!!
    There's another option. Vote the bastards out and vote in some rookie politicians who will cut spending.

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