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Old 01-22-2009, 10:15 AM
 
Location: Dallas, TX
31,777 posts, read 24,904,463 times
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Quote:
Originally Posted by oz in SC View Post
I believe Obama has stated that running a deficit of trillions of dollars is no big deal now....
And thats another lie.

PS. Being forced into a horrible situation is never "no big deal". More than 80% of national debt is courtesy of three republican presidents, and as a result, this country has to pay a half trillion in interest alone, and you're worried about a trillion dollar budget shortfall during a big mess of an economic crisis? Where were you, when this country was borrowing a lot and spending big under Reagan, Bush I and Bush II?
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Old 01-22-2009, 10:26 AM
 
Location: North Cackelacky....in the hills.
19,556 posts, read 19,312,364 times
Reputation: 2499
Quote:
Originally Posted by EinsteinsGhost View Post
And thats another lie.

PS. Being forced into a horrible situation is never "no big deal". More than 80% of national debt is courtesy of three republican presidents, and as a result, this country has to pay a half trillion in interest alone, and you're worried about a trillion dollar budget shortfall during a big mess of an economic crisis? Where were you, when this country was borrowing a lot and spending big under Reagan, Bush I and Bush II?
A lie,really...Obama thinks throwing an EXTRA $850 BILLION at the problem is a good idea, even though the first $700+ BILLION did nothing to help.

That doesn't take into account all of the new spending he is proposing on his website.
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Old 01-22-2009, 10:35 AM
 
4,172 posts, read 5,993,180 times
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Quote:
Originally Posted by EinsteinsGhost View Post
And thats another lie.

PS. Being forced into a horrible situation is never "no big deal". More than 80% of national debt is courtesy of three republican presidents, and as a result, this country has to pay a half trillion in interest alone, and you're worried about a trillion dollar budget shortfall during a big mess of an economic crisis? Where were you, when this country was borrowing a lot and spending big under Reagan, Bush I and Bush II?
... and they ALL said they were for small government and people still buy that BS despite the data. No wonder many independents have left the Republican party.
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Old 01-22-2009, 10:35 AM
 
Location: Dallas, TX
31,777 posts, read 24,904,463 times
Reputation: 12178
Quote:
Originally Posted by oz in SC View Post
A lie,really...Obama thinks throwing an EXTRA $850 BILLION at the problem is a good idea, even though the first $700+ BILLION did nothing to help.

That doesn't take into account all of the new spending he is proposing on his website.
No, he doesn't think it is a good idea. He thinks it is something we have to do, and I agree with him. After years of mismanagement, and letting things run amuck, it is time to take charge.

Spending itself isn't a bad thing. When I started my business, I had to spend. How I spent my money, where I spent my money, was, however, key.

Obama is going to spend for sure, but where it is needed, and he is going to cut down spending where we have been wasting. He's more than smart to realize the difference. It is his time, and within his capacity. From what I have seen in him, I believe him and will support unless he refuses to make adjustments, and does what I know he can.
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Old 01-22-2009, 10:44 AM
 
Location: North Cackelacky....in the hills.
19,556 posts, read 19,312,364 times
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So Obama thinks giving our money away is a bad idea?
Time to take charge of WHAT?Private business?

Hmmm,what is the name of the type of government that controls the economy again?????

You might want to take a look at what his giveaway is aimed at....

CNSNews.com - $825 Billion Stimulus Plan to Pay for New Windows, Day Care, Cable TV (http://www.cnsnews.com/public/content/article.aspx?RsrcID=42138 - broken link)
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Old 01-22-2009, 10:50 AM
 
Location: Dallas, TX
31,777 posts, read 24,904,463 times
Reputation: 12178
Quote:
Originally Posted by oz in SC View Post
So Obama thinks giving our money away is a bad idea?
Time to take charge of WHAT?Private business?

Hmmm,what is the name of the type of government that controls the economy again?????

You might want to take a look at what his giveaway is aimed at....

CNSNews.com - $825 Billion Stimulus Plan to Pay for New Windows, Day Care, Cable TV (http://www.cnsnews.com/public/content/article.aspx?RsrcID=42138 - broken link)
Completely incoherent. Besides, if you want to discuss this, take it to a thread designed to handle it.
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Old 01-22-2009, 12:14 PM
 
34,990 posts, read 34,753,299 times
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Quote:
Originally Posted by oz in SC View Post
The Ticker - Obama: Trillion-Dollar Deficits 'for Years to Come' - Economy Watch *


INCREASING spending while running a trillion dollar deficit would indicate it is not an issue.
So, he didnt say or imply that it's "no big deal," then. Why did you say he did?

This is interesting: historians are of different minds as to whether or not more spending a la FDR is the best way to stimulate the economy, and parallels btw the two incoming admins.

Amid echoes of FDR, debate rekindles over New Deal
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Old 01-22-2009, 12:20 PM
 
27,903 posts, read 34,452,681 times
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Well when did deficit spending start and why? Why is Obama going into deficit spending now? Deficit spending isn't the "in" thing to do. Every time it's been done the economy was on a downturn anytime taxes are cut it's been on a economic downturn. The tech bubble wasn't a fallacy neither was 9/11, Katrina along with numerous other events that can only be reacted to. Obama is following the same deficit spending idea along with trickle down economics. The only difference is he's going to pull money from defense projects and other things he finds inefficient and he doesn't think necessary and try to save money there and spend money on building more infrastructure. http://comptroller.nyc.gov/bureaus/b...year-later.pdf 9/11 alone cost NY around $90 billion along with the lost lives and what we are now finding out vast number of lung disease cases which is probably immeasurable in terms of cost. $100+ billion in damages, 1000's of lives lost, no idea how far reached the lung disease from it will go. I myself put great importance on defense others don't see it as important.

Just outside looking in if I had to blame anyone in the blowing our money as fast as they can I don't know anyone who could seriously say making it bigger will make it cheaper or more responsible. At least not from anything they have much shown in my life. That's just an observation and opinion only. I'd get a divorce if I could.

Last edited by BigJon3475; 01-22-2009 at 12:29 PM.. Reason: corrections
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Old 01-22-2009, 12:31 PM
 
Location: Dallas, TX
31,777 posts, read 24,904,463 times
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Quote:
Originally Posted by BigJon3475 View Post
Well when did deficit spending start and why?...
Took your post for response to a more appropriate thread.
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Old 01-22-2009, 12:33 PM
 
9,334 posts, read 19,466,841 times
Reputation: 4442
Quote:
Originally Posted by sailordave View Post
To date, there's been no reports of vandalism by the outgoing Bush administration. Thankfully his staff showed more respect for the Whitehouse than Clinton's staff did when they left office. No reports of broken or damaged keyboards, no reports of drawers glued shut, no reports of broken or stolen furniture, and no reports of graffiti on the walls.
Please do a google before you spread rumors. I did and found that there was no vandalism.. it was all rumor. It is a good idea to check your facts first before you create a new thread. Thank you.
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