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Thread: Obama Added More to National Debt in First 19 Months Than All Presidents....

  1. #11
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    Re: Obama Added More to National Debt in First 19 Months Than All Presidents....

    Quote Originally Posted by SE102 View Post
    I thought government spending pushed output to pre-recession levels preventing a downward spiral of doom an despair.
    In the VERY VERY short term, the makeshift effects of Spending help, but the long term damage is where the danger lies.

    The proper course of action would have been to let the system fall, and get out of the way as it rebuilds. There was a LOT of money involved, and like in nature, business abhors a vacuum. Gov't merely harmed the recovery process.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Obama Added More to National Debt in First 19 Months Than All Presidents....

    Ima read about the recession on the pedia of the wiki.

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    Re: Obama Added More to National Debt in First 19 Months Than All Presidents....

    TED -
    I'd rather focus on fixing.
    Me too, and we can start this process in November, and hold whoever takes those offices accountable.


    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

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    Re: Obama Added More to National Debt in First 19 Months Than All Presidents....

    Quote Originally Posted by the makeout hobo View Post
    That's disingenous to suggest that any future inflation will ofset all the inflation we've had in over 200 years. Let's be reasonable here
    It is reasonable to compare apples to apples. Since 200 years from now isn't here, we can easily quantify the numbers based on a 200 year average. And besides, even taking into account the Federal reserve and how it handled the nations economic woes, we can still gain a high correlate that gives us reason to be "concerned" with ole Bama, no?

    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

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    Re: Obama Added More to National Debt in First 19 Months Than All Presidents....

    Quote Originally Posted by texmaster View Post
    Full title

    Obama Added More to National Debt in First 19 Months Than All Presidents from Washington Through Reagan Combined, Says Gov’t Data

    In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan.

    The U.S. Treasury Department divides the federal debt into two categories. One is “debt held by the public,” which includes U.S. government securities owned by individuals, corporations, state or local governments, foreign governments and other entities outside the federal government itself. The other is “intragovernmental” debt, which includes I.O.U.s the federal government gives to itself when, for example, the Treasury borrows money out of the Social Security “trust fund” to pay for expenses other than Social Security.


    So thats the hope and change we were looking for.

    To say this is embarrassing for the country is to redefine the word embarassment.

    CNSNews.com - Obama Added More to National Debt in First 19 Months Than All Presidents from Washington Through Reagan Combined, Says Gov
    As frightening as these numbers are, it is misleading to say Obama has increased the debt more than any president. This analysis does not take into account the comparison of our debt to the GDP, the direction our government and economy was heading in when Obama came into office, and it does not take into account the inflation of our currency throughout the years. During WWII our national debt was around 122% of our GDP. Today it's around 93%. Which is an increase of maybe 20% since Bush left office. We should also take into consideration that we are in arguably the worst recession since the Great Depression. Not to mention that under many presidents the government has taken money out of Social Security to fund it's budgets.

    U.S. National Debt Clock : Real Time

    This isn't to say there is nothing wrong with the way government has been spending... I'm just saying this analysis is misleading and is picking and choosing the facts.

    Check out this video for a better understanding of where we have been and where we're going: (Skip to 3min 15 sec to see what I was talking about)
    YouTube - I.O.U.S.A.: Byte-Sized - The 30 Minute Version

    The future of our country is indeed grim unless major changes are made.
    "There is nothing which I dread so much as a division of the republic into two great parties, each arranged under its leader, and concerting measures in opposition to each other. This, in my humble apprehension, it to be dreaded as the greatest political evil under our Constitution." —John Adams

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    Re: Obama Added More to National Debt in First 19 Months Than All Presidents....

    19 months. Curious number. Since when do we start counting by the months?
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

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    Re: Obama Added More to National Debt in First 19 Months Than All Presidents....

    Since when we started manipulating numbers to make something we're mad about look as bad as possible.

    Sort of like the difference between 1 part per million and 1,000 parts per billion.
    I'm already gearing up for Finger Vote 2014.

    Just for reference, means my post was a giant steaming pile of sarcasm.

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    Re: Obama Added More to National Debt in First 19 Months Than All Presidents....

    Quote Originally Posted by MrVicchio View Post
    In the VERY VERY short term, the makeshift effects of Spending help, but the long term damage is where the danger lies.

    The proper course of action would have been to let the system fall, and get out of the way as it rebuilds. There was a LOT of money involved, and like in nature, business abhors a vacuum. Gov't merely harmed the recovery process.
    Wouldn't that have endangered our economic stature in the world?

    Since when we started manipulating numbers to make something we're mad about look as bad as possible.

    Sort of like the difference between 1 part per million and 1,000 parts per billion.
    Oh, so truth-seeking,

    Got it.
    Last edited by Morality Games; 09-09-10 at 04:36 PM.
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

    St. Benedict

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    Re: Obama Added More to National Debt in First 19 Months Than All Presidents....

    Quote Originally Posted by Morality Games View Post
    Wouldn't that have endangered our economic stature in the world?



    Oh, so truth-seeking,

    Got it.
    No, the USSR Collapsed because it's underlying economic health was... horrific. Our is not. The financial sector had over reached, over stretched and the piper came to be paid, but the Gov't just gave him a 20 and sent him on his way. He'll be back and it'll just be worse.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  10. #20
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    Re: Obama Added More to National Debt in First 19 Months Than All Presidents....

    Quote Originally Posted by TacticalEvilDan View Post
    Since when we started manipulating numbers to make something we're mad about look as bad as possible.
    Either that, or the simple fact that Obama has been in office for 19 months.

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