View Poll Results: Will we reach 20 trillion debt by the end of Obama's second term?

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  • Yes.

    22 81.48%
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Thread: 16 trillion and growing...

  1. #1
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    16 trillion and growing...

    Will we reach 20 trillion debt by the end of Obama's second term? Yes or no?

    What should Obama do to stop it from happening?
    I have an answer for everything...you may not like the answer or it may not satisfy your curiosity..but it will still be an answer. ~ Kal'Stang

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    Re: 16 trillion and growing...

    Probably. Tax welfare benefits.

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    Re: 16 trillion and growing...

    Quote Originally Posted by Kal'Stang View Post
    Will we reach 20 trillion debt by the end of Obama's second term? Yes or no?

    What should Obama do to stop it from happening?
    Yes.

    Become a Republican.
    TANSTAAFL

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    ― Robert A. Heinlein, Beyond This Horizon

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    Re: 16 trillion and growing...

    We are already at $58 trillion when you combine all the government debt. The Federal debt is a red herring. The real number to look at is total debt. Because that is what our society is trying to support.
    You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”

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    Re: 16 trillion and growing...

    Quote Originally Posted by Kal'Stang View Post
    What should Obama do to stop it from happening?
    Vote him out of office!

    ... oh wait... right. That already happened... and didn't happen.

  6. #6
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    Re: 16 trillion and growing...

    It's certainly possible we'll see $20 trillion before January 20, 2017. How much of that will be attributed to the 2008-2016 legislature/president is yet to be seen, as the $6 trillion accrued between 2009-today has been at least mostly blamed on Bush (not the legislature that served during his terms, mind you...but him specifically), which is pretty asinine, considering there have been several costly bills voted on by the 2009 - ?? legislature and signed by Obama that have contributed, and debt ceiling increases voted on by the legislature and signed under Obama's watch which actually allowed that accrual in the first place...but whatever.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: 16 trillion and growing...

    BTW, if you'll notice that the national debt clock website shows the government debt growing while private sector debt is shrinking (housing and credit card, not school). This is actually normal during a recession. People realize they need money for a rainy day, so they pay off debt, forgo new debt and put money into savings.
    You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”

  8. #8
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    Re: 16 trillion and growing...

    Based on a rough calculation for the national debt clock, about $100'000 is being tacked on every 6 seconds, that's ABOUT $16'666 a second. ABOUT that much. Seeing as you guys have $3.87 trillion left to go to $20 trillion. To get to $20 trillion in four years, the rate the national debt is going up will effectively have to double to around $30'000.

    While I have no doubt it could happen, it seems unlikely. You guys really have to stop being all doom and gloom.
    "After all, you know, there are worse things in life than death. I mean, if you've ever spent an evening with an insurance salesman, you know exactly what I mean."
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    Re: 16 trillion and growing...

    Quote Originally Posted by Juiposa View Post
    Based on a rough calculation for the national debt clock, about $100'000 is being tacked on every 6 seconds, that's ABOUT $16'666 a second. ABOUT that much. Seeing as you guys have $3.87 trillion left to go to $20 trillion. To get to $20 trillion in four years, the rate the national debt is going up will effectively have to double to around $30'000.

    While I have no doubt it could happen, it seems unlikely. You guys really have to stop being all doom and gloom.
    Doom and gloom or realistic? I just don't see the Republicans budging on defense spending or taxes and I don't see Obama budging on social spending and taxes, so here we are...stuck with a government driving us off the cliff and no one willing to compromise.
    You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”

  10. #10
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    Re: 16 trillion and growing...

    Quote Originally Posted by ksu_aviator View Post
    Doom and gloom or realistic? I just don't see the Republicans budging on defense spending or taxes and I don't see Obama budging on social spending and taxes, so here we are...stuck with a government driving us off the cliff and no one willing to compromise.
    Realism, it seems in your case. Many people just run about failing their arms of how "screwed we are," with no real supporting explanations. In this case, many people will say the US gov't will reach $20 trillion because they all ready have it in their minds that the US is jumping off a cliff, and anything adding to that idea must be true!

    It's nice to see you have a reason to believe the problem will not be solved, with all this paritisan idiocy, but most don't have a reason other than either collective hate for Obama or general irrationality.
    .
    "After all, you know, there are worse things in life than death. I mean, if you've ever spent an evening with an insurance salesman, you know exactly what I mean."
    -Woody Allen

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