Are You Concerned about the increasing Federal Debt of $9 Trillion (enemy, soldiers)

[zz4guy]

Originally Posted by calipoppy

Funny how no one (especially the Right Wing) asked that question when GWB wanted to march our soliders off to Iraq to avenge his father.

**** GWB. He started the bailout prescedent. But Obama is equally responsible (if not more) for continuing it.

[HappyTexan]

Originally Posted by ViewFromThePeak

Duh...you gotta spend money to make money

- A Keynesian retard

They forgot to qualify it though.."spend money you have".

[Fred Derf]

Normally I'd be more concerned about a burgeoning debt but this is one circumstance where I can see the logic in pushing up the public debt. The financial industry was in tatters and confidence needed to be restored to the sector. The raw numbers are really ugly and this could have easily been a full depression.

It is important to point out that this isn't true Keynesian economics. One should be running a surplus during the fat years so that you can run a deficit during the lean years. When you have a structural deficit in the fat years and then go further in the hole during the lean years... well, that just isn't healthy. I'm not sure that Bush or Obama had a lot of options here.

[dorock99]

Originally Posted by ProudCapMarine

Are You Concerned about the increasing Federal Debt of $9 Trillion?

Yes, to answer your initial question i'm concerned, but i'm only concerned if i cannot put things into prospective.

http://www.cbo.gov/ftpdocs/99xx/doc9...07-Outlook.pdf


Debt Held by the public is supposed to be 9 Trillion in 2019 and GDP estimates are supposed to be 22.5 Trillion in 2019

9/22.5 = 40% of GDP (that is a bit scary at first so let's compare previous numbers)

This is how they get you can cause massive hysteria, because they do not provide you with comparable information


In 2008 the Public Debt was 5.1 Trillion and GDP for that year was 14.3 Trillion

5.1/14.3 = 35% of GDP


The political parties rely on you to stay willfully ignorant to the games they play. People please i'd highly advise you to seriously take an active role in reading these publications and learning to understand what they mean to you. If you do not you're always going to be at their whims.

The Public Debt as % of GDP

2008 = 35% of GDP
2019 = 40% of GDP

An overall increase of 5 percentage points over a 10 year period (this is significant, but not the end of the free-world as we know it)

Okay now we need to a further comparison from 10 years ago and maybe even 20 years ago

1997 The public debt was 3.7 Trillion

GDP in 1997 was 7.9 Trillion

3.7/7.9 = The public debt was more than 46%

1997 = 46% of GDP
2008 = 35% of GDP
2019 = 40% of GDP

Okay, you ask for one more, alright just for fun!!

1982 The public debt was 920 Million
GDP in 1982 was 3.2 Trillion

.920/3.2 = 28% of GDP

1989 The public debt was 2.1 Trillion
In 1989 GDP was 5.3 Trillion

2.1/5.3 = 40% of GDP

Okay, so let's put all the numbers in order below

1982 = 28% of GDP
1989 = 40% of GDP
1997 = 46% of GDP
2008 = 35% of GDP
2019 = 40% of GDP

http://www.cbo.gov/ftpdocs/3xx/doc316/eb01-98.pdf

Okay, so now, that I'm armed with historical information with which to compare the current 9 Trillion number, i am no longer concerned with the Public Debt, because I'm not an easily controlled sheep etc, but seriously, this is awful what they do to people, they just pray you don't know anything or that you'll not compare the numbers. Then they print fear to sell magazines and papers.

[Fred Derf]

Comparing the debt to GDP is an excellent way to track the debt because you don't need to worry about the inflation or appreciation of the dollar because it tracks 1989 dollars to 1989 dollar-based production.

[calipoppy]

Originally Posted by HappyTexan

They forgot to qualify it though.."spend money you have".

Didn't stop President Cheney and Vice President Rumsfeld from convincing the "puppet" to risk the lives of American soliders to fight a $$$$OIL$$$$ and VENDETTA war by capitalizing on American's fears at the time surrounding 9-11.

The stupidity of the GWB White House is as simply as - Bin Laden's in Afghanistan so hey...let's invade Iraq. Let's try to clean up our mess from a decade ago.

Interesting how none of the "teabaggers" and "birthers" question to loss of American soliders' lives on an unjustifiable war - but balk at health care reform for benefit of all Americans.

[ViewFromThePeak]

Originally Posted by HappyTexan

They forgot to qualify it though.."spend money you have".

Hulu - Saturday Night Live: Don't Buy Stuff

[Geechie North]

Originally Posted by ProudCapMarine

Are You Concerned about the increasing Federal Debt of $9 Trillion?

Most of it was piled up by the stupid Bush tax cuts, and the Oil War.

But in light of the fact that History says we can either have a collapsed economy or deficits during a Depression, I'll take deficits.

[HappyTexan]

Originally Posted by calipoppy

Didn't stop President Cheney and Vice President Rumsfeld from convincing the "puppet" to risk the lives of American soliders to fight a $$$$OIL$$$$ and VENDETTA war by capitalizing on American's fears at the time surrounding 9-11.

The stupidity of the GWB White House is as simply as - Bin Laden's in Afghanistan so hey...let's invade Iraq. Let's try to clean up our mess from a decade ago.

Interesting how none of the "teabaggers" and "birthers" question to loss of American soliders' lives on an unjustifiable war - but balk at health care reform for benefit of all Americans.

I believe they convinced Congress not GWB. That was a Democratic Congress at that, wasn't it ??

[roanoker 4]

I voted for change in '08 for Obama. So far I don't see anyone changing course on the middle east war(s). We are now permanently stuck in the 8th century falling further behind in our debt and failing economy. I guess there is one good thing about this mess: The U.S. will have a strategic advantage if it can prevent Russia & China from entering Iraq with its huge oil reserves.
Our enemies have their eyes on what is happening in Iraq. It reminds me of the Vietnam War when Iran, Cuba, Russia & China were all providing aid to the North Vietnamese to defeat the U.S. I am just worried that our military strategy may not work due to our huge debt and the big mess GWB has left us. Heaven help the future destruction of the world when our enemies are in charge militarily.