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Old 11-08-2016, 07:39 AM
 
Location: LEAVING CD
22,952 posts, read 22,452,692 times
Reputation: 15488

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Quote:
Originally Posted by SuperOscar View Post
That is what happens when we don't pay for wars and then have a massive recession....debt goes up, it is simple economics. The best thing to do would be to work on reducing the deficit, strengthen the economy by trying to get everyone's wages to go up, and then work on a long term plan to lower the debt. Though when compared to the country's GDP, the debt ratio isn't as bad as some people wish to make it sound.
Let's not forget MASSIVE entitlements. Free isn't free.

As for Trump Vs Clinton, neither one can do much to alter our trajectory as they have to deal with Congress.
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Old 11-08-2016, 07:44 AM
 
Location: Long Island, NY
19,715 posts, read 11,522,600 times
Reputation: 5606
Quote:
Originally Posted by bobisinthehouse View Post
In 222 years of all Presidents ending with George Bush, we had 10 Trillion in Debt. Over the last 8 years, Obama raised the national debt 100% to 20 Trillion.

There is really something wrong with this. Dont you agree?
First, Obama had nothing to do with it. The Great Recession, which resulted in massive revenue declines and extra spending on the unemployed, was responsible for almost all of it. Now, because of Obama's tax increases on the top 1%, the deficit has dropped by 75%.

Second, how are you worse of because of the debt? Do you really think the country would have been better off it in 2009-2011 the country focused on lowering the debt, which would have made the economy worse, than focusing on lowering unemployment?
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Old 11-08-2016, 07:49 AM
 
Location: Long Island, NY
19,715 posts, read 11,522,600 times
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Quote:
Originally Posted by O.A.Bachlow View Post
So are there faces and names on the human beings that we owe trillions of dollars too?
Yes, there are faces and names -- most are other Americans. The interest paid to our bondholders, who are 75% other Americans, is income to them, that they then spend in the economy.
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Old 11-08-2016, 08:12 AM
 
39,190 posts, read 40,571,673 times
Reputation: 16071
Quote:
Originally Posted by Finn_Jarber View Post
Yes, it also doubled under Bush, and tripled under Reagan. Trumps policies would quickly double is again.
The debt did not double under Bush or Reagan.
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Old 11-08-2016, 08:13 AM
 
39,190 posts, read 40,571,673 times
Reputation: 16071
Are these same people that scored Obamcare?
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Old 11-08-2016, 08:15 AM
 
Location: Tampa, FL
27,798 posts, read 26,103,626 times
Reputation: 14611
Quote:
Originally Posted by thecoalman View Post
The debt did not double under Bush or Reagan.
Size of national debt when Reagan took office: $1 trillion
Size after six years: $2.3 trillion (130 percent increase)
Size at the end of his presidency: $2.9 trillion (190 percent increase)


https://www.whitehouse.gov/omb/budget/Historicals
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Old 11-08-2016, 08:16 AM
 
39,190 posts, read 40,571,673 times
Reputation: 16071
Quote:
Originally Posted by MTAtech View Post
the deficit has dropped by 75%.
Firstly the debt and deficit are two different things and are calculated differently. Secondly trying to judge the deficit under Obama using 2009 as a baseline is laughable.
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Old 11-08-2016, 08:18 AM
 
Location: Tampa, FL
27,798 posts, read 26,103,626 times
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Quote:
Originally Posted by thecoalman View Post
The debt did not double under Bush or Reagan.

When Bush’s term started Jan. 20, 2001, the gross federal debt was $5.73 trillion. At the end of his term, Jan. 20, 2009, the gross federal debt was $10.63 trillion. This means that the debt just about doubled under Bush.


Rand Paul: Debt doubled under Bush, tripled under Obama | PolitiFact
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Old 11-08-2016, 08:32 AM
 
Location: Florida
62,634 posts, read 34,138,335 times
Reputation: 10391
Quote:
Originally Posted by jimj View Post
Let's not forget MASSIVE entitlements. Free isn't free.
Correct. I have paid for mine all my life.
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Old 11-08-2016, 08:34 AM
 
Location: Out in the Badlands
10,425 posts, read 8,749,270 times
Reputation: 7732
Vote for hope and change.....The Donald.
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