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

  1. #61
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    Re: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

    Quote Originally Posted by Harshaw View Post
    No, actually, I don't want it to be worse. It just is.

    Like I said . . . in one year, Obama's deficit is more than AAAAAALLLLLL of Bush's deficits, COMBINED. AAAAALLLLLLLLLL.
    And how did you compute that number?

    Congressional Budget Office - A Preliminary Analysis of the President's Budget and an Update of CBO's Budget and Economic Outlook

    Bush's deficits for publicly held debt is $2 trillion, while debt held by public increased by $2.4 trillion. I'm pretty sure you just checked the Heritage site without making sure their computations were correct. And I'm pretty sure the CBO data is not inflation pegged. So Bush's deficits are actually significently more than that $2 trillion. Especially since the debt also increased on government held internal debt.

    If you deny that it IS worse, you're simply delusional.
    The number is not worse. Last I checked, $1.8 trillion < $2 trillion (actually more, but I'm too lazy to inflation peg each deficit).

    It is worse as a whole for the nation because Bush's debt accumulation was real bad. Now we're piling on even more.

    So technically, you are wrong.
    "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’

    It's not a Rorschach test where you see what you want to see. Even that graph shows what I'm saying.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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

    Quote Originally Posted by WillRockwell View Post
    Funny, you weren't telling the Republicans to
    STOP SPENDING!
    when they created this mess. Do you expect the financial crisis will just go away if we leave it alone? Eight years of Republican incompetence was enough, I don't think we'll listen to your advice any more, thank you.
    As usual, you dont want to address the issue at hgand, so you try to misdirect the conversation to someone/thing else.

  4. #64
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    Re: Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

    One word "Duh".
    Affiant further sayeth not.

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

    Quote Originally Posted by TheNextEra View Post
    Irresponsible spending is irresponsible no matter the amount or person.

    Bush did it getting us into Iraq and now Obama did it with the bailouts. Both are wrong.

    However, in 2004 Republicans CHOSE irresponsible spending.
    All spending is a choice. Not a single dollar of spending is mandatory. The government could choose to spend $0 if it wanted to.

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

    Quote Originally Posted by Goobieman View Post
    As usual, you dont want to address the issue at hgand, so you try to misdirect the conversation to someone/thing else.
    Yeah. Seems to me that Obama was supposed to usher in a New American Testament wherein the old ways of doing things would no longer apply. Why? He's the Secular Messiah, the Lightworker.

    Now . . . he's hampered and handcuffed by the previous administration? He has no choice but to be doing what he's doing?

    That doesn't sound very Messiah-like.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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

    Quote Originally Posted by WillRockwell View Post
    I understand that the Republicans so damaged the economy...
    I would ask you to show this to be true, but I know you can't, so I wont bother.

    If you're so right about things, why do you have to make stuff up?

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

    Quote Originally Posted by Redress View Post
    I am puzzled about all this. President Obama says something the right disagrees with, and he is attacked for it. President Obama says something the right agree with, and he is attacked for it.
    The point here -- and this should be obvious -- is that The Obama said what He said as He pushes a budget that spends twice the available revenue -- whose deficit for just one year is 70% the total deficit under GWB.

  9. #69
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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!
    haha, talk about a "no duh" moment. "This thing that we're doing, the one that's ruining our economy. Yeah, that's not sustainable." I really wish we didn't have a bunch of dumbasses in office.
    You know the time is right to take control, we gotta take offense against the status quo

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    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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

    Quote Originally Posted by Harshaw View Post
    Yeah. Seems to me that Obama was supposed to usher in a New American Testament wherein the old ways of doing things would no longer apply. Why? He's the Secular Messiah, the Lightworker.

    Now . . . he's hampered and handcuffed by the previous administration? He has no choice but to be doing what he's doing?

    That doesn't sound very Messiah-like.
    Apparently the "change" he was to bring is to take everything he han against and make it far, far worse.
    Last edited by Goobieman; 05-15-09 at 12:44 PM.

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