• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

WHitehouse: Obama to lay out Spending Plan

The greatest threat we have now in this country is Bernanke devaluing the dollar. Hyper inflation is on the way. Gas will eventually hit 10 bucks a gallon and that will destroy our economy. Government spending is the least of our worries for the short term.
 
USA_1 said:
The greatest threat we have now in this country is Bernanke devaluing the dollar. Hyper inflation is on the way.
Click to expand...

word

Government spending is the least of our worries for the short term.
Click to expand...

except the spending and the devaluing go hand in hand

and entitlements are perhaps the greatest killer in the long run, including public pensions

we need not just cuts but budget REFORM

we need a lot of things

leadership, anyone?
 
The Prof said:
word



except the spending and the devaluing go hand in hand

and entitlements are perhaps the greatest killer in the long run, including public pensions

we need not just cuts but budget REFORM

we need a lot of things

leadership, anyone?
Click to expand...

The Fed buying treasuries is devaluating the dollar and creating inflation. It is why we are paying almost 4.00 a gallon. This is the the short term problem.
FT.com / Comment / Opinion - Tighten your seatbelts: 2011 could be worse than 2010
 
Last edited:
USA_1 said:
The greatest threat we have now in this country is Bernanke devaluing the dollar. Hyper inflation is on the way. Gas will eventually hit 10 bucks a gallon and that will destroy our economy. Government spending is the least of our worries for the short term.
Click to expand...

Let's remember that Bernanke is only one member of this evil team. If Geithner and Obama were not producing deficits of 100 billion a month, Bernanke would not been monetarizing it.
 
USA_1 said:
Bush was the most expensive president ever. He doubled the debt while driving the economy into the ground for the next president.
Click to expand...

The debt when Bush entered office was 5,725,649,856,797.45 and when he left office it was 10,942,165,294,650.80 for a total added debt of 5,216,515,437,853.35 or 652,064,429,731.67/year on average.

The current Debt is 14,265,383,134,019.50 for an added debt of 3,323,217,839,368.70 or 1,661,608,919,684.35/year average. Obama has more than doubled the average yearly debt increase of Bush.

National Debt
 
Last edited:
USA_1 said:
Bush was the most expensive president ever. He doubled the debt while driving the economy into the ground for the next president.
Click to expand...

bush was only the most expensive president yet. by the end of this fiscal year Obama will have added just as much to the debt in 3 years as Bush did in 8.
 
washunut said:
Let's remember that Bernanke is only one member of this evil team. If Geithner and Obama were not producing deficits of 100 billion a month, Bernanke would not been monetarizing it.
Click to expand...

precisely. the Fed is the only domestic buyer of our debt at this point, and our foriegn purchasers are rapidly shifting from long term to short term securities. Bernanke is an enabler, but he's not the problem.
 
cpwill said:
bush was only the most expensive president yet. by the end of this fiscal year Obama will have added just as much to the debt in 3 years as Bush did in 8.
Click to expand...

You know why? Because the economy collapsed at the end of Bush's presidency. Bush added debt while the economy was thriving during the housing boom. Obamas debt is due to loss of revenue due to Bush's recession. Obamas budget for 2010 was only 10% more than Bush's 2009 budget.
 
so barack the slasher hussein is gonna address the nation tomorrow nite to try to convince the american electorate that he's suddenly transformed himself into paul ryan lite

he's counting on a collective amnesia that he's just not gonna find, neither inside the beltway nor without

americans remember how he promised to cut the deficit in half in 4 years mere weeks before jamming his near trillion dollar stimulus (a word he can no longer pronounce) thru the congress his party dominated

unfortunately, a year and a half later he had to confess to nymag that he'd suddenly discovered that in reality there's no such thing as a shovel ready job

and his projection that unemployment would cap at 8% proved equally empty

his 2012 budget released in february actually raises borrowing 20%, it also lacks the courage and leadership and vision required to address the entitlements that are careening us off the cliff

he's gonna mumble some mixed messages about medicare and medicaid, but he's already shot his wad---it's called obamacare

his ahab-like obsession with his radical redrawing of 1/6 of our economy, passed via senate reconciliation, is responsible for his party's failure even to propose a budget for 2011

evidently, the budget was simply not a priority

as a senator he voted against raising the debt ceiling, insisting to continue borrowing was irresponsible and demonstrative of a lack of leadership

tomorrow he's gonna try to put tax hikes back on the table but it was only weeks ago he signed the bush/clinton/obama/boehner/mcconnell tax cuts into law

and, of course, as always, we can anticipate the slasher's unyielding commitment to his grail---investments---in the fabulous four now famous, education, student loans, the color green and infrastructure

meanwhile, it is apparent that what is responsible for his impromptu reversal is the publication of ryan's program and the seriousness of the minor party to take responsible steps towards fiscal balance

President Obama's two minds on the deficit - Glenn Thrush and Carrie Budoff Brown and David Nather - POLITICO.com

leadership, anyone?
 
Last edited:
Badmutha said:
I dont believe that.....it is a liberal belief that Presidents are all powerfull all controlling Gawds. They arent.....albeit Kenyan Presidents seem to to be hell bent on changing that.
.
.
.
.
Click to expand...

That's ridiculous. Both sides too often want credit when the economy goes well. It is hardly limited to just one party.
 
Boo Radley said:
That's ridiculous. Both sides too often want credit when the economy goes well. It is hardly limited to just one party.
Click to expand...

No, I would say about 90% of the time on this forum when liberals are reminded of the mess Obama has us in right now, they immediately attack Bush. But their argument falls apart when they are reminded that it isn't the president, but congress, with the purse strings. When they speak of the economy having collapsed at the end of the Bush term that congress was controlled by democrats for the last two years, they don't want to talk about that anymore.

But when reminded that when we apply the same reasoning to Obama and his supermajority for the first 2 years of his presidency, we see that only one thing remains common between the Bush and Obama recessions, a democratically controlled congress.

THATS what the left on this site wants to try to steer you away from.
 
Last edited:
dontworrybehappy said:
No, I would say about 90% of the time on this forum when liberals are reminded of the mess Obama has us in right now, they immediately attack Bush. But their argument falls apart when they are reminded that it isn't the president, but congress, with the purse strings and when they speak of the economy having collapsed at the end of the Bush term that congress was controlled by democrats for the last two years, they don't want to talk about that anymore.

. .
Click to expand...

The housing sector started collapsing in 2006 and the recession began Dec 2007. Pretty hard to blame the democrats when it all came crashing down before they even took power. It really amazes me how some give Bush a pass when his homeownership policies had a direct effect on the housing bubble.
 
cpwill said:
precisely. the Fed is the only domestic buyer of our debt at this point, and our foriegn purchasers are rapidly shifting from long term to short term securities. Bernanke is an enabler, but he's not the problem.
Click to expand...

The one place I would disagree with the above is that if Bernanke did not enable this behviour the government would be made to change direction. This is a team effort.
 
dontworrybehappy said:
No, I would say about 90% of the time on this forum when liberals are reminded of the mess Obama has us in right now, they immediately attack Bush. But their argument falls apart when they are reminded that it isn't the president, but congress, with the purse strings. When they speak of the economy having collapsed at the end of the Bush term that congress was controlled by democrats for the last two years, they don't want to talk about that anymore.

But when reminded that when we apply the same reasoning to Obama and his supermajority for the first 2 years of his presidency, we see that only one thing remains common between the Bush and Obama recessions, a democratically controlled congress.

THATS what the left on this site wants to try to steer you away from.
Click to expand...

Neither control the economy. If they did, it would always be good. Both sides want to blame the other. And we see this on this forum. It is silly to blame "the left," whoever they are, or "the right," whoever they are.

Now the deficit is another issue, but once again, both parties are to blame. No one can claim it was only the other party. And neither is willing to do what should be done. But to blame just them is to ignore our role. We want our cake and to eat it too. Just like with health care where we support benefits like doing away with preexisting conditions, but don't want any method that would pay o for it, we present a voting public that suffers from a disconnect to say the least.
 
Boo Radley said:
Now the deficit is another issue, but once again, both parties are to blame. No one can claim it was only the other party. And neither is willing to do what should be done. But to blame just them is to ignore our role. We want our cake and to eat it too. Just like with health care where we support benefits like doing away with preexisting conditions, but don't want any method that would pay o for it, we present a voting public that suffers from a disconnect to say the least.
Click to expand...

I repect your posts but have to take exception to the view that both parties are equally to vlame for deficits. I too feel that both parties becuase they are so rigid on extreme policies make it virtually impossible to get to a balanced busget. Thus it is a matter of degree.

For the last thirty plus years we have run deficits mainly in the three percent range. Many economists will say, that while this is not great, it is not very hamful to have deficits that run pretty clse to GDP growth. We had a small respite in the late 90s as we had a great economy due to the tech eplosion and a lot of revenues due to the tech bubble.

We are now in the third year of running a deficit around 9% of GDP. A clearly unsustainable level. Plus we got a 10 year budget from the president that does not materially lower that percent at all. Sure we can argue that we need some short term spending to get us out of recession. Which BTW economists say we have been out of since 2009. Unemployment is a problem, but how much umemployment is due to slow housing starts, which will not be fixed by repaving roads.

Sites like these seem to prove to me that very few americans understand much about economics thus get politicians who know little about it but give great speeches. Not sure what the answer is. My first thought is that democracies like ours can not continue to be world economic powers for long, Europe being a good example.

So perhaps a better debate would be how and where to protect your assets for you and your children.
 
washunut said:
So perhaps a better debate would be how and where to protect your assets for you and your children.
Click to expand...

It might be. Though I suspect we'd see less answers and more blaming.
 
USA_1 said:
The housing sector started collapsing in 2006 and the recession began Dec 2007. Pretty hard to blame the democrats when it all came crashing down before they even took power. It really amazes me how some give Bush a pass when his homeownership policies had a direct effect on the housing bubble.
Click to expand...


I can understand your bringing Bush's so called "compassionate conservatism" into play, but it certainly wasn't responsible for the collapse. it didn't help at all, but if I had to guess, I would say that the CRA, and the pressure that banks were under to write those bad loans from more demo's than reps, had more to do with it.

j-mac
 
USA_1 said:
Bush was the most expensive president ever. He doubled the debt while driving the economy into the ground for the next president.
Click to expand...

And how did the democrat led house and congress fare debt and economy-wise with majorities in both in 2007, 2008, and control, of the house, senate AND White house in 2009 and 2010? What has been the rate of employment prior to their taking over and since?
 
It will be interesting to see how far to the middle his NEW budget will be. And how many specifics are in the budget for HOW to achieve certain cuts.
 
The Prof said:
yesterday: White House: Not upping debt limit 'Armageddon-like' for economy - TheHill.com

2006: barack the slasher hussein votes against raising the debt ceiling because "america has a debt problem and a lack of leadership..."

White House: Obama "regrets" 2006 vote against raising the debt ceiling - Political Hotsheet - CBS News

"americans deserve better"

can you deny it?
Click to expand...

Yeah right. Obama caused all our problems. Everything was great until he became president.
 
The Prof said:
hardly

americans deserve better
Click to expand...

Better than what? This president or the last president?
Do you really think anyone could have fixed the mess created last decade?
 
You must log in or register to reply here.
Back
Top Bottom