National Debt Up $2 Trillion on Obama's Watch (military, insurance, education)

[pghquest]

Originally Posted by Perkins Well

The OP is about the debt on Obama's watch. Try and stay on topic know-it-all.

HELLO? Someone not connecting the dots for you?

The statement as that the DEBT WENT UP.. and has gone up 50% IN 3 YEARS.. And yes, Obama has been in Congress and indeed voted on spending bills while there.. He many not have voted yes on the war without funding them, but Democrats did, and I didnt bring up NOT FUNDING THE WAR... YOU DID!!

I responded to YOUR posting..

[pghquest]

Originally Posted by Boompa

That didn't include bush's little Iraq Invasion, which was off the books

Yes it did.. The total national debt does indeed include the wars.. The budget debt does not..

[Lafferty Daniel]

Originally Posted by Boompa

That didn't include bush's little Iraq Invasion, which was off the books

Conservative continue to ignore this fact. Republicans have zero credibility when it comes to fiscal constraint. They do not practice what they preach but their followers keep on repeating the same old talking points over and over to the point where they actually believe the GOP is fiscally conservative. Just a bunch of pawns if you ask me.

[Uptown Oakland]

LOL @ "On Obama's watch". Yes lets not spend and watch the country go into further turmoil. Meanwhile these crybaby's have no solutions. So how would you all have handled this? Oh yeah no answers. Just more crying.

[pghquest]

Originally Posted by Perkins Well

Conservative continue to ignore this fact. Republicans have zero credibility when it comes to fiscal constraint. They do not practice what they preach but their followers keep on repeating the same old talking points over and over to the point where they actually believe the GOP is fiscally conservative. Just a bunch of pawns if you ask me.

News flash, the GOP held Congress for EIGHT of the last 45 years.. FOUR of them resulted in balanced budgets, (per the Democrats)... Lets also ignore the fact that the national debt INCLUDES the war debts.. But hey, liberals like to lie about facts though as I've seen from cd!!!

[theolsarge]

Originally Posted by workingclasshero

well let me INFORM you but these problems stem from: 1993, 1995, and 1999 and you can thank the liberals for it, and most of it goes back to the clinton era. why because ECONOMICS run in 10(+/-4) year CYCLES and what we are facing NOW is in DIRECT RELATION to what happened back in the 90's



1993 NAFTA---- passed by the democrat controlled congress, pushed by clinton, signed by clinton---the consequence ...... 60+ million HIGH PAYING jobs have been lost, 2 trillion worth of debt from the lost wages.



1995 clinton (through his chief of HUD (Henry Cisneros and also through his second chief of HUS Andrew coumo)) eased the rules on obtaining mortgages allowing more 'exotic' mortgages and 'no-dov' mortgages-----the consequence ......housing SKYROCKETED causing low inventories causing a 'not normal' increase in home prices, sellers got greedy, buyers got even greedier (looking to PROFIT in a skyrocketing market by flipping) and bought THINKING that prices would still increase and their ADJUSTABLE mortgage would pay it self off in MINIMUMAL years...EVEN THOUGH THESE INCREASES IN HOME VALUES WERE TOTALLY UNHEARD OF, AND MORTGAGE RATES WERE AT 40 YEAR LOWS( what did they think an adjustable mortgage gotten at 40 year lows would do in the term(3 months-3years) when it adjusted...of course it would go up, their CONTRACT even said after the term it would be 6% PLUS PRIME)))



For many potential homebuyers, the lack of cash available to accumulate the required downpayment and closing costs is the major impediment to purchasing a home. Other households do not have sufficient available income to to make the monthly payments on mortgages financed at market interest rates for standard loan terms. Financing strategies, fueled by the creativity and resources of the private and public sectors, should address both of these financial barriers to homeownership."
The above is the start of the mortgage meltdon: Clinton's National Homeownership Strategy...


1996 clinton signed The Telecommunications Act of 1996 (The Act was claimed to foster competition. Instead, it allowed industry consolidation whose actions reduced the number of major media companies from around 30 in 1993 to 10 in 1996, and reducing the 10 in 1996 to 6 in 2005.)

1999 Clinton DEREGULATES the banking industry


2000 clinton signs the China trade bill

2000 clinton signs the Commodity Futures Modernization Act of 2000..(which paves the way for ENRON)

2001 January...clinton helps get China into the WTO

Forgot at least one. 1972 (?) President Nixon grants China "Most Favored Nation" trading status. What party was Tricky Dick with anyway? Forgot.

[pollyrobin]

Originally Posted by Chango

When you can make the money, you can spend as much as you want. Damn the torpedos! Full speed ahead!

Speaking of torpedos Cut military spending for 2011. Just leave Veterans Affairs alone

Defense-related expenditure - 2011 Budget request & Mandatory spending:

Department of Defense spending $721.3 billion - Base budget + Overseas Contingency Operations

FBI counter-terrorism $2.7 billion - At least one-third FBI budget
Homeland Security $54.7 billion

International Affairs $10.1–$54.2 billion - Mostly Foreign arms sales & entire State Department budget

Energy Department, defense-related $20.9 billion

Veterans Affairs $66.2 billion
Veterans Pensions $58.4 billion

NASA, satellites $3.4–$8.5 billion - Between 20% -50% of NASA's total budget

Other defense-related mandatory spending $7.5 billion

Interest on debt incurred in past wars $57.7–$228.1 billion

Total Mandatory Defense Spending $1.003–$1.223 trillion for year of 2011

[sanrene]

Originally Posted by Perkins Well

Conservative continue to ignore this fact. Republicans have zero credibility when it comes to fiscal constraint. They do not practice what they preach but their followers keep on repeating the same old talking points over and over to the point where they actually believe the GOP is fiscally conservative. Just a bunch of pawns if you ask me.

I think we have all seen on whose side the sheeple rest. I suggest you take at look at the CBO reports, which clearly show the war included in the deficit. Debunked, once again.

Originally Posted by pghquest

News flash, the GOP held Congress for EIGHT of the last 45 years.. FOUR of them resulted in balanced budgets, (per the Democrats)... Lets also ignore the fact that the national debt INCLUDES the war debts.. But hey, liberals like to lie about facts though as I've seen from cd!!!

Just bothersome little facts the Left likes to ignore.

[theolsarge]

Originally Posted by jcarlilesiu

Source?




That DID happen... remember!



Source?




Why is this a bad thing. Demand dictates production, not government.



That DID happen.



First off. Source?

Second off. I don't give a damn about your world popularity contest. High School is over.



Source... again?



Yet I am sure you were one that opposed funding for the Iraq war right? Weird how things change.



Read: Anybody who doesn't agree with me lock-step is an idiot.

Source? Surely you recognize the issues Republicans argued and/or voted against? Jobless benefit extensions? Highway improvements (infrastructure)?

Yup, foreign affairs is a minor affair.

[sanrene]

Originally Posted by theolsarge

Source? Surely you recognize the issues Republicans argued and/or voted against? Jobless benefit extensions? Highway improvements (infrastructure)?

Yup, foreign affairs is a minor affair.

In other words, you have not a lick of evidence/corroboration for the absurd claims.