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Old 11-16-2011, 05:09 PM
 
Location: Chicagoland
41,314 posts, read 38,535,194 times
Reputation: 7106

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Obama has added over $4 Trillion in less than 3 years. Bush added $4 trillion in 8 years.

The hypocrisy is palpable here.


Obama says adding $4 trillion to debt is unpatriotic. - YouTube

http://abcnews.go.com/blogs/business...on-mark-today/

Quote:
Don’t look now, members of the “supercommittee” battling the national debt, but the amount the U.S. owes topped the $15 trillion mark Wednesday afternoon.
I predict this little ditty of obama's own words will play a starring role in 2012.
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Old 11-16-2011, 05:13 PM
 
29,988 posts, read 35,931,057 times
Reputation: 12725
The market fell nearly 200 pts about that same time we hit $15 Trillion in debt. Of course, Obama could have chosen to cut government spending instead of growing it by $4 Trillion but that wasn't his intention now was it?

Maybe if he really was concerned about the national debt he's stop launching wars without Congressional approval and repeal Obamacare.

Naw........that's not the Marxist way.
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Old 11-16-2011, 05:16 PM
 
Location: Chicagoland
41,314 posts, read 38,535,194 times
Reputation: 7106

$15,000,000,000,000 - YouTube
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Old 11-16-2011, 05:18 PM
 
Location: Columbia, SC
16,451 posts, read 9,313,531 times
Reputation: 6187
Quote:
Originally Posted by lifelongMOgal View Post
The market fell nearly 200 pts about that same time we hit $15 Trillion in debt. Of course, Obama could have chosen to cut government spending instead of growing it by $4 Trillion but that wasn't his intention now was it?

Maybe if he really was concerned about the national debt he's stop launching wars without Congressional approval and repeal Obamacare.

Naw........that's not the Marxist way.
You need to deal with Congress. Obama may submit a budget, but Congress is the body that approves it and adds their own special desires to it.

BTW - Do congressionally approved wars cost less? Seems to me like th three or four trillion we pissed away in Iraq for absolutley no reason is a pretty singular act of waste.
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Old 11-16-2011, 05:22 PM
 
Location: Chicagoland
41,314 posts, read 38,535,194 times
Reputation: 7106
Quote:
Originally Posted by cuebald View Post
You need to deal with Congress. Obama may submit a budget, but Congress is the body that approves it and adds their own special desires to it.

BTW - Do congressionally approved wars cost less? Seems to me like th three or four trillion we pissed away in Iraq for absolutley no reason is a pretty singular act of waste.
Funny, the CBO said obama's stimulus cost more than the Iraq war.
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Old 11-16-2011, 06:13 PM
 
29,988 posts, read 35,931,057 times
Reputation: 12725
Quote:
Originally Posted by cuebald View Post
You need to deal with Congress. Obama may submit a budget, but Congress is the body that approves it and adds their own special desires to it.

BTW - Do congressionally approved wars cost less? Seems to me like th three or four trillion we pissed away in Iraq for absolutley no reason is a pretty singular act of waste.
You assume Congress would have approved Obama's African wars. I don't think they would have. We've wasted a whole lot of American lives and taxpayer money propping up the Afghanistan heroine trade with our soldiers guarding poppy fields. But, The FED and IMF are profiting so new wars just keep happening.
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Old 11-16-2011, 06:16 PM
 
29,988 posts, read 35,931,057 times
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Quote:
Originally Posted by sanrene View Post
930 days since Harry Reid has been willing to promote the passage of an approved budget from the US House. Shameful!
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Old 11-16-2011, 06:19 PM
 
2,088 posts, read 2,189,660 times
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I don't care what the national debt is since the economy is growing fast enough to cover the additional interest on the debt (ie the debt burden of the government stays the same). President Obama will ignore you debt mongers and keep doing what he is doing to help the economy recover. That is why he will win again in 2012.
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Old 11-16-2011, 06:21 PM
 
29,988 posts, read 35,931,057 times
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It's always after posts like the one above that I wonder who's been spiking their kool-aid.

QE 3.5 is on its way. Don't confuse that and the collapse of the eurozone with economic recovery in the USA. It is akin to having the only unboarded home in the worst neighborhood in Detroit.
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Old 11-16-2011, 06:28 PM
 
3,458 posts, read 2,997,617 times
Reputation: 1527
Bush added much more than $4 trillion.

Quote:
Using conservative assumptions, we calculate that the bill
for Bush-era excess—the total
new debt combined with the
total new accrued obligations—
amounts to $10.35 trillion.
http://www.srwolf.com/reports/Stiglitz10trillion.pdf

Last edited by Cletus Awreetus-Awrightus; 11-16-2011 at 07:28 PM..
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