Some Folks Are Experiencing Difficulty Today, . . .

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Originally posted by: chefantwon
Maybe Obama ought to go to Greece and run their country with his "stimulas" program with all those shovel ready jobs.


We can open up a General Motors plant there.
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Originally posted by: chefantwon
Maybe Obama ought to go to Greece and run their country with his "stimulas" program with all those shovel ready jobs.

Why didn't Greek Prime Minister Alexis Tsipras think of this?!?



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Originally posted by: BobOrme
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Originally posted by: chefantwon
Maybe Obama ought to go to Greece and run their country with his "stimulas" program with all those shovel ready jobs.

Why didn't Greek Prime Minister Alexis Tsipras think of this?!?




Wrong president.



The magic trees won't grow the $10 trillion that ObeyMe has already added to the national debt. Socialists, Marxists and Communists think printing money is the same as creating prosperity through private business growth. Europe is just finding out that isn't how it works. America is on the same path as Greece. When the Chinese call us on the portion of our debt that they have bought, we as a nation may fail on a much larger scale than Greece.

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Originally posted by: BobOrme
The magic trees won't grow the $10 trillion that ObeyMe has already added to the national debt. Socialists, Marxists and Communists think printing money is the same as creating prosperity through private business growth. Europe is just finding out that isn't how it works. America is on the same path as Greece. When the Chinese call us on the portion of our debt that they have bought, we as a nation may fail on a much larger scale than Greece.
Wrong president.





It seems that if an Administration persists in spending at about the same high rate as the previous Administration had reached with about the same revenues, the Deficit will increase about as fast as it did in the previous Administration.

And if revenues decrease as they did in 2008/09, the Deficit will increase even faster.

A sidenote:
One of the contributing factors to the ever-so-brief surplus in the late-90s was the Administration at that time having substituted new short-term bond issues in place of expiring long-term bonds, thereby suppressing the interest the Government had to pony-up, just a smidgen.
DonDiego will leave as an exercise for the interested reader, if any, to ponder what happens if/when interest payments on present and future debt rises if/when the Central Bank stops suppressing interest rates by buying all the newly-issued bonds as it is currently doing.

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Originally posted by: DonDiego


It seems that if an Administration persists in spending at about the same high rate as the previous Administration had reached with about the same revenues, the Deficit will increase about as fast as it did in the previous Administration...
No, since those dollars aren't inflation adjusted, President Ronald Reagan is pretty much the debt champion forever.

And according to The Street, the Great Recession cost us all about $30 trillion, resulting in a massive hit to our tax revenues, which is what really spiked the debt. Was that Obama's fault also?
Oh my. Corrected for inflation, Reagan racked up $3.55 billion in debt. Obama is going to end up with a minimum of $9 billion.

Way too much was spend during the Reagan years, but of course Liberals love to forget about the Democrat promise to cut $3 in spending for every 1$ in a tax hike. The hike happened, but the lying Democrats broke their promise.

The same thing happened with George W. They lied again.


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Originally posted by: forkushV
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Originally posted by: DonDiego


It seems that if an Administration persists in spending at about the same high rate as the previous Administration had reached with about the same revenues, the Deficit will increase about as fast as it did in the previous Administration...
No, since those dollars aren't inflation adjusted, President Ronald Reagan is pretty much the debt champion forever.

And according to The Street, the Great Recession cost us all about $30 trillion, resulting in a massive hit to our tax revenues, which is what really spiked the debt. Was that Obama's fault also?


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Originally posted by: Boilerman
Oh my. Corrected for inflation, Reagan racked up $3.55 billion in debt. Obama is going to end up with a minimum of $9 billion...
Nope. Spending bills allocated for 2009 were signed by President Bush. Are they Obama's fault too?

I'm sorry - are people that support the Bush tax cuts, the Iraq War, the previous healthcare system, and the 2000 mile Iron Curtain on the Mexico boarder complaining about the national debt again?

Why, yes, they are ! Have a great day.
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