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Old 12-01-2012, 04:34 PM
 
1,167 posts, read 947,580 times
Reputation: 345

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Either the left are complete morons or they're hoping to wipe out capitalism...

U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 01 Dec 2012 at 11:28:19 PM GMT is:


The estimated population of the United States is 313,973,969
so each citizen's share of this debt is $52,014.08.

The National Debt has continued to increase an average of
$3.87 billion per day since September 28, 2007!
Concerned?

U.S. National Debt Clock
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Old 12-01-2012, 04:36 PM
 
Location: NC USA
3,384 posts, read 4,092,515 times
Reputation: 1794
The left will never get it. They think austerity is bad. They think spending cuts on ridiculous government wasteful programs are bad. All in the name of their savior Obama. There has never been a worse President or time in this country and yet, they just go along happily and merrily and think all will be well.

Don't even try to understand them, it will make you run screaming into the night!!
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Old 12-01-2012, 04:39 PM
 
105 posts, read 71,747 times
Reputation: 50
Quote:
Originally Posted by BigHouse9 View Post
The left will never get it. They think austerity is bad. They think spending cuts on ridiculous government wasteful programs are bad. All in the name of their savior Obama. There has never been a worse President or time in this country and yet, they just go along happily and merrily and think all will be well.

Don't even try to understand them, it will make you run screaming into the night!!
Eat drink and be merry for tomorrow.....
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Old 12-01-2012, 07:13 PM
 
Location: Sarasota FL
6,860 posts, read 9,298,470 times
Reputation: 6570
The Federal government pays out $1.2 billion a DAY for interest payments on the debt.
I am ceratain that liberals could find other things to spend that kind of money on a daily basis if it wasn't going to interest payments.
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Old 12-01-2012, 07:17 PM
 
Location: New Jersey
11,210 posts, read 6,521,472 times
Reputation: 10788
The "left" didn't start three wars.
The "left" didn't create multiple government "Czar" positions.
The "left" didn't start bailing out banks and other major companies when they screwed up.
The "left" didn't create the government monstrosity that is the TSA
The "left" didn't create the Dept. of Homeland Security
The "left" didn't expend time and money trying to write a gay marriage ban into the constitution
The "left" didn't cut taxes on the wealthiest citizens in the face of insurmountable debt

I think you get the idea.
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Old 12-01-2012, 07:19 PM
 
Location: Stasis
15,837 posts, read 10,045,202 times
Reputation: 8548
Quote:
Yet The Left Just Doesn't Get It
The Right just doesn't get it either. Reagan ran up the debt 188%, Bush 1 ran it up 56%, Bush 2 ran it up 89%.
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Old 12-01-2012, 07:28 PM
 
3,118 posts, read 4,294,888 times
Reputation: 2562
No, YOU don't get it. At least watch the news and get out from under your rock before you post on political issues.

Obama is trying to make a deal that raises taxes (lets tax cuts expire) on people earning more than 250k a year and eliminate other deductions that favor the extreme rich, which a bi-partisan committee and Alan Greenspan said were necessary to balance our budge, but the republicans aren't budging yet. Why is it necessary on the rich you ask? Because the rich make up a majority of the income in the US, so taxing the rich an extra %3 would raise vastly more revenue than raising it on the middle class or poor. Part of this deal is that Obama would also cut entitlement reforms, which he seems willing to do.

The national debt has been huge for YEARS. Especially under Bush. We spent TRILLIONS overseas in the middle east wars that went no where, so don't give liberals crap.
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Old 12-01-2012, 07:30 PM
 
Location: southern california
55,666 posts, read 74,646,551 times
Reputation: 48187
unfortunately a false teaching launched by the reagan admin, reaganonomics.
magic money
debt is meaningless.
it is still practiced today both on an individual and at a collective level.
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Old 12-01-2012, 07:32 PM
 
Location: Stasis
15,837 posts, read 10,045,202 times
Reputation: 8548
Obama wants to end temporary Bush tax cuts to the upper 2% of income earners - back to what they were under Clinton - who was the only recent President to reduce the debt. But Boehner and the right don't get it.
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Old 12-01-2012, 07:32 PM
 
2,032 posts, read 2,416,674 times
Reputation: 1499
Did the Debt just magically appear? Hasn't it been accumulating for quite some time?
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