U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 03-20-2009, 03:43 PM
 
1,352 posts, read 1,789,588 times
Reputation: 500

Advertisements

President Barack Obama's budget would generate unsustainably large deficits averaging almost $1 trillion a year over the next decade, according to new estimates released Friday.

WH: Agenda on track despite worsening deficits (http://news.yahoo.com/s/ap/20090320/ap_on_go_pr_wh/obama_budget - broken link)
Rate this post positively Reply With Quote Quick reply to this message

 
Old 03-20-2009, 04:17 PM
 
Location: Sinking in the Great Salt Lake
13,145 posts, read 20,436,014 times
Reputation: 14042
um, yea... but it's still not fair to blame just Obama. This mess has been in the works for a long time and through several administrations. Too bad we have an illogical aversion to voting third party.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-20-2009, 04:23 PM
 
Location: Great State of Texas
86,068 posts, read 76,896,419 times
Reputation: 27652
This sounds more political than it does business.

Take your "it's Obama's fault" thread to the Politics forum please.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-20-2009, 04:24 PM
 
5,410 posts, read 10,355,467 times
Reputation: 4493
Quote:
Originally Posted by HappyTexan View Post
This sounds more political than it does business.

Take your "it's Obama's fault" thread to the Politics forum please.
I will see that and second it.

Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-20-2009, 04:28 PM
 
14,058 posts, read 20,291,688 times
Reputation: 23641
Man's gotta learn to phrase his subject title differently. Be a little more subtle. "Obama's fault..." type post is just going to cause problems.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-20-2009, 04:41 PM
 
19,346 posts, read 17,002,157 times
Reputation: 7519
Quote:
Originally Posted by tonyandclaire89 View Post
President Barack Obama's budget would generate unsustainably large deficits averaging almost $1 trillion a year over the next decade, according to new estimates released Friday.

WH: Agenda on track despite worsening deficits (http://news.yahoo.com/s/ap/20090320/ap_on_go_pr_wh/obama_budget - broken link)
Hi tonyandclaire89,

With this system there is little else to be done. All our money is debt. Which debt do you want?

Consumer debt? Thats the road we have been on to doom.

Business debt? Sure, but banks are not loaning to them and who knows whether they can grow the money supply at a rate we had grown consumer debt and grow equity.

Whats left? Government debt. Fast forward to Japan with a 180 debt to GDP ratio. Japanese citizens don't want to go into debt so....

We could pay off the nation debt tomorrow if we wanted to. I can't think of anything more simple than to pay off the nation debt.

99 out of 100 people have no idea what the national debt is or what it means and its costing us trillions.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-20-2009, 05:25 PM
 
Location: Georgia, on the Florida line, right above Tallahassee
10,474 posts, read 14,534,369 times
Reputation: 6378
O B A M A
D E V I L
S A TA N
P I Z Z A
C A K E S
J E S U S

/has about as much relevance as thsi thread.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-20-2009, 06:14 PM
 
12,869 posts, read 13,713,375 times
Reputation: 4453
Quote:
Originally Posted by gwynedd1 View Post
Hi tonyandclaire89,

With this system there is little else to be done. All our money is debt. Which debt do you want?

Consumer debt? Thats the road we have been on to doom.

Business debt? Sure, but banks are not loaning to them and who knows whether they can grow the money supply at a rate we had grown consumer debt and grow equity.

Whats left? Government debt. Fast forward to Japan with a 180 debt to GDP ratio. Japanese citizens don't want to go into debt so....

We could pay off the nation debt tomorrow if we wanted to. I can't think of anything more simple than to pay off the nation debt.

99 out of 100 people have no idea what the national debt is or what it means and its costing us trillions.
what americans do know is that japan tried some of the tricks that obama is pulling 15 years ago and they are still in a recession.....
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-20-2009, 08:08 PM
 
706 posts, read 3,554,262 times
Reputation: 348
I'm at the point where the future is the future

I just want some changes NOW!



And Obama is not destroying anything!

except maybe your ego...*s*
Rate this post positively Reply With Quote Quick reply to this message
 
Old 03-20-2009, 08:10 PM
 
Location: Charlotte, NC, USA
392 posts, read 1,387,840 times
Reputation: 260
Perhaps what we need is the revival of the Whig party or something, a party devoted to professional and business types, with an emphasis on fiscal discipline, and without all of the social trappings. Almost any kind of third party of a decent size would slow things down a little.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top