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Old 09-10-2012, 10:56 AM
 
Location: Londonderry, NH
41,492 posts, read 51,354,718 times
Reputation: 24612

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Without debt we have no money. Without money we have no spending. Without spending we have no manufacturing. Without manufacturing we have no jobs. Without jobs all we have is debt.
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Old 08-09-2014, 02:31 AM
 
Location: New Orleans, La. USA
5,924 posts, read 2,832,027 times
Reputation: 2184
Quote:
Originally Posted by $16,000,000,000,000+ View Post
The total debt the wild spending idiots in Washington accumulated on my behalf now totals $136,260. The same goes for every household in the country. While I don't remember requesting them to put money on my credit card, the bill is there. I'm tired of having this weight on my shoulders. I'd like to pay it off. How do I go about paying off my balance and canceling the card?
(D) Jimmy Carter had very small deficits/debt growth.
http://www.skymachines.com/US-Nation...ental-Term.htm

(R) Ronald Reagan tripled our national debt. Reagan created huge deficits/debt growth by doing supply side tax cuts (tax cuts for the rich), these tax cuts decreased our governments revenues, created deficits, and grew our debt.
Reaganomics [ushistory.org]

(D) Bill Clinton reversed Reagan's tax policies and balanced our federal budget (Clinton stopped our debt growth.)
http://www.skymachines.com/US-Nation...ental-Term.htm

(R) GW Bush lowered rich peoples tax rates, this decreased government revenues, and grew our national debt. He also attacked Iraq for nothing adding $900 billion dollars in war costs to our debt.
Bush Tax Cuts After 2002: June 2002 CTJ Analysis

(D) B. Obama has cut GW Bush's debt growth rate in 1/2. Bush handed Obama a debt with a 15.9% growth rate, and Obama brought our debt growth rate down to 7.8%.
http://www.skymachines.com/US-Nation...ental-Term.htm


Democrats also spend less money than republicans. And B. Obama has reduced government spending more than any president in the last 60 years.
http://b-i.forbesimg.com/rickungar/f...63312_ME11.jpg
Who Is The Smallest Government Spender Since Eisenhower? Would You Believe It's Barack Obama? - Forbes

You should have said "the wild spending (republican) idiots in Washington."


Just be glad Mitt Romney did not get elected because he would have added $6.6 trillion dollars to our national debt with the following tax cut for the rich package.

Romney's Economic Plan Includes $6.6 Trillion Tax Cut For The Rich And Corporations | ThinkProgress

Last edited by chad3; 08-09-2014 at 03:00 AM..
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Old 08-09-2014, 02:48 AM
 
Location: Chesterfield,Virginia
4,923 posts, read 4,091,285 times
Reputation: 2637
$16,000,000,000,000+, while you were away and while everyone was trying their best to make excuses for Obama .. the 'debt' went to $17,000,000,000,000

(Time to up your user name!)
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Old 08-09-2014, 06:35 AM
 
2,777 posts, read 3,029,173 times
Reputation: 2312
This is a year old, so it's much higher now:

University of California Study: National Debt Is Really $70 Trillion

Quote:
James Hamilton, an economics professor at the University of California, San Diego, just published his best estimate of the federal government’s “off-balance-sheet” liabilities, in which he concludes that the real national debt, popularly estimated to be $16.9 trillion, is in fact more than four times larger: $70.086 trillion. This is because of decisions to leave out certain unfunded liabilities when the national debt is counted.
Before you call BS, remember the USGOV is not bound by any normal accounting ethics/laws/conventions.
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Old 08-09-2014, 06:57 AM
 
36,835 posts, read 16,078,499 times
Reputation: 8366
Quote:
Originally Posted by $16,000,000,000,000+ View Post
The total debt the wild spending idiots in Washington accumulated on my behalf now totals $136,260. The same goes for every household in the country. While I don't remember requesting them to put money on my credit card, the bill is there. I'm tired of having this weight on my shoulders. I'd like to pay it off. How do I go about paying off my balance and canceling the card?
" the wild spending idiots in Washington' How many did you vote for?
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Old 08-09-2014, 01:20 PM
 
8,879 posts, read 3,929,136 times
Reputation: 1720
Quote:
Originally Posted by $16,000,000,000,000+ View Post
The total debt the wild spending idiots in Washington accumulated on my behalf now totals $136,260. The same goes for every household in the country. While I don't remember requesting them to put money on my credit card, the bill is there. I'm tired of having this weight on my shoulders. I'd like to pay it off. How do I go about paying off my balance and canceling the card?
Send in that much in cash or check as Federal taxes and you've cancelled that much national debt.
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Old 08-09-2014, 01:22 PM
 
Location: Portland, OR
8,803 posts, read 7,577,630 times
Reputation: 4501
Quote:
Originally Posted by Memphis1979 View Post
You've received services from that debt. So we are still going to have to pay for the services received.
You mean taxes weren't enough to pay for those services?
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Old 08-09-2014, 06:17 PM
 
Location: Old Town Alexandria
14,505 posts, read 23,769,243 times
Reputation: 8838
Quote:
Originally Posted by chad3 View Post
(D) Jimmy Carter had very small deficits/debt growth.
http://www.skymachines.com/US-Nation...ental-Term.htm

(R) Ronald Reagan tripled our national debt. Reagan created huge deficits/debt growth by doing supply side tax cuts (tax cuts for the rich), these tax cuts decreased our governments revenues, created deficits, and grew our debt.
Reaganomics [ushistory.org]

(D) Bill Clinton reversed Reagan's tax policies and balanced our federal budget (Clinton stopped our debt growth.)
http://www.skymachines.com/US-Nation...ental-Term.htm

(R) GW Bush lowered rich peoples tax rates, this decreased government revenues, and grew our national debt. He also attacked Iraq for nothing adding $900 billion dollars in war costs to our debt.
Bush Tax Cuts After 2002: June 2002 CTJ Analysis

(D) B. Obama has cut GW Bush's debt growth rate in 1/2. Bush handed Obama a debt with a 15.9% growth rate, and Obama brought our debt growth rate down to 7.8%.
http://www.skymachines.com/US-Nation...ental-Term.htm


Democrats also spend less money than republicans. And B. Obama has reduced government spending more than any president in the last 60 years.
http://b-i.forbesimg.com/rickungar/f...63312_ME11.jpg
Who Is The Smallest Government Spender Since Eisenhower? Would You Believe It's Barack Obama? - Forbes

You should have said "the wild spending (republican) idiots in Washington."


Just be glad Mitt Romney did not get elected because he would have added $6.6 trillion dollars to our national debt with the following tax cut for the rich package.

Romney's Economic Plan Includes $6.6 Trillion Tax Cut For The Rich And Corporations | ThinkProgress

^^Isn't it amazing no one talks about Iraq, Afghanistan, the billions$$$$ spent and wasted and the millions killed for nothing.
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Old 08-09-2014, 06:24 PM
 
2,672 posts, read 2,285,327 times
Reputation: 1035
When you find a Tea Partier complaining about the deficit you will find someone sucking off at least three or more gubbermint teats.
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Old 08-09-2014, 06:27 PM
 
Location: planet octupulous is nearing earths atmosphere
13,624 posts, read 11,054,501 times
Reputation: 19980
Quote:
Originally Posted by dreamofmonterey View Post
^^Isn't it amazing no one talks about Iraq, Afghanistan, the billions$$$$ spent and wasted and the millions killed for nothing.
the war on Iraq

the war in Afghanistan

the 76 year war on weed

the war on the middle class

all the mula the us gives to other countries

the billions spent on treating and housing illegal immigrants..

the billions spent on sending none violent people to prison, mostly small drug possession like pot smokers etc..

the list could go on forever.
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