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Old 10-21-2009, 09:15 AM
 
1,360 posts, read 1,942,198 times
Reputation: 500

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Why Our Massive Debt Will Kill Us in the End: Tech Ticker, Yahoo! Finance
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Old 10-21-2009, 09:18 AM
 
Location: SARASOTA, FLORIDA
11,486 posts, read 15,304,477 times
Reputation: 4894
Cant wait for the blame Bush crowd to come into this thread.

And now the idiot is talking about another stimulus to help the "other" stimulus work.

So far, 8 million jobs lost and all that debt to re pay thanks ObamAcorn and his failed ideas.
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Old 10-21-2009, 09:24 AM
 
2,229 posts, read 1,686,277 times
Reputation: 623
I do agree that Obama is not doing what he promised to cut the annual deficit in half and is spending money like its nobodies business... but you can't blame the national debt on him alone.

I don't like his policies, but that just isn't fair. He inheriteted a debt in the 3 trillion dollar range.
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Old 10-21-2009, 09:28 AM
 
429 posts, read 1,116,574 times
Reputation: 214
yall....our crappy economy was a bipartisan job. Everyone saw it coming. No one did anything in order to keep lining the pockets of their financial buddies on wall st.

And to be fair to Bush, he had OTHER problems to worry about. Like keeping America safe from crazy terrorists. He was dealt a big plate as well. History will judge whether Bush was truly a good president or not.
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Old 10-21-2009, 09:35 AM
 
Location: Wisconsin
37,963 posts, read 22,143,591 times
Reputation: 13799
Quote:
Originally Posted by Sunny-Days90 View Post
Cant wait for the blame Bush crowd to come into this thread.

And now the idiot is talking about another stimulus to help the "other" stimulus work.

So far, 8 million jobs lost and all that debt to re pay thanks ObamAcorn and his failed ideas.
All those unemployed means the vast majority of them have lost their health insurance, and 0bama hopes they will scream for the public option. So creating jobs would be counterproductive to his single payer healthcare insurance agenda.

Fixing it so all private health insurance could cross state lines. like his public option, would also be counterproductive to his single payer healthcare insurance agenda.

TORT reform would also lower health care costs, but that too would be counterproductive to his single payer healthcare insurance agenda.

Getting the medical universities to lower their tuition costs would also lower health care costs, which would be counterproductive to his single payer healthcare insurance agenda.

Which is why he will not do anything to lower costs for private health care in this country, or try to stimulate job creation.

If 0bama has to quadruple the debt and deficit to accomplish his social agenda, so be it. Our deficit, and our debt all take a back seat to his health care agenda, and his global warming carbon tax agenda.
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Old 10-21-2009, 09:43 AM
 
Location: Wisconsin
37,963 posts, read 22,143,591 times
Reputation: 13799
Quote:
Originally Posted by NewGrad2009 View Post
yall....our crappy economy was a bipartisan job. Everyone saw it coming. No one did anything in order to keep lining the pockets of their financial buddies on wall st.

And to be fair to Bush, he had OTHER problems to worry about. Like keeping America safe from crazy terrorists. He was dealt a big plate as well. History will judge whether Bush was truly a good president or not.
Bush also had a hostile Democratic Party that threatened to cut off funds for the war, so he had to play ball with them on other issues, just to try and win the war.

When was the last time a president had a super majority? 0bama even has a few like Olympia Snowe and Susan Collins type republicans to help him get anything passed. If any president had the freedom to fix the economy, it was 0bama, but instead of doing that, 0bama is busy squandering all his clout by pushing his social agendas, which are only succeeding in ballooning the deficit and wrecking our economy.
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Old 10-21-2009, 09:47 AM
 
Location: southern california
61,288 posts, read 87,405,055 times
Reputation: 55562
yes the time to stop is now. however i really appreciate your righteous defense of mr bush for the last 8 years. this budget crisis did not start 7 months ago friend. it started when you were telling guys like me to shut up sit down and respect the office remember? maybe you dont i was GOP then.

Last edited by Huckleberry3911948; 10-21-2009 at 10:01 AM..
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Old 10-21-2009, 10:31 AM
 
Location: Texas
989 posts, read 2,498,208 times
Reputation: 698
He sure can throw a heck of a party though!

http://chicksontheright.com/wp-content/uploads/2009/07/barack_obama_dancing.jpg (broken link)
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Old 10-21-2009, 03:56 PM
 
Location: Great State of Texas
86,052 posts, read 84,464,288 times
Reputation: 27720
What happens when you have massive debt on depreciating assets ?
Do you print more money to cover which only increases your debt more ?
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Old 10-21-2009, 04:04 PM
 
Location: Saturn
1,519 posts, read 1,632,195 times
Reputation: 246
Instead of carping all day on this site, you americans need to get off your backsides and start doing some work.


It seems that many of you still haven't cottoned on to the fact that the old days are over.
Finito.

The power base has shifted east : and the only way in which you country can retain some level of economic progress is for each of you to roll up yer sleeves, work harder and work smarter.

We all live in a new paradigm.
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