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Old 07-01-2011, 07:07 PM
 
Location: Chesterfield,Virginia
4,919 posts, read 4,511,374 times
Reputation: 2650

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Quote:
the fact that we are here today to debate raising america ’s debt limit is a sign of leadership failure. It is a sign that the us government can not pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government’s reckless fiscal policies.
Quote:
increasing america ’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here’. Instead, washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.
Senator Barack H. Obama, march 2006
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Old 07-01-2011, 07:44 PM
 
15,050 posts, read 7,389,076 times
Reputation: 9778
In 2006 - Obama was the "I wanta be Prez" dude.
In 2011 - Obama is the "I WON" dude.

All of 2009, 2010, (so far in 2011) Obama is the "Campaigner in Chief".

It is what it is.
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Old 07-01-2011, 07:57 PM
 
31,370 posts, read 34,726,858 times
Reputation: 14952
2006 the economy hadn't lost $19.4 trillion.
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Old 07-01-2011, 08:02 PM
 
5,915 posts, read 4,539,732 times
Reputation: 1397
Quote:
Originally Posted by ovcatto View Post
2006 the economy hadn't lost $19.4 trillion.
Okay, our economy has become smaller, so should the government.
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Old 07-01-2011, 08:08 PM
 
Location: Brawndo-Thirst-Mutilator-Nation
19,805 posts, read 20,545,800 times
Reputation: 17000
Both sides know that it is going to get raised.....probably 2.3 Trillion just to get us to the end of 2012. No two ways about it..........the national debt will be 20-22 Trillion by the end of 2016.
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Old 07-01-2011, 08:29 PM
 
2,674 posts, read 3,048,283 times
Reputation: 1994
When George W. Bush took office the debt limit was 5.95 trillion. The national debt was 5.73 when bush first took office. When he left office our national debt was 10.63 trillion. So, how did the national debt double under eight years of bush's reign?

Simple. Bush and the repubs raised the debt limit four (4!) times between 2002 and 2006. It was raised again multiple times during bush's tenure.

The republicans being against raising the debt ceiling under Obama is purely political. They had no problem with it when bush put this country in the worst debt it's ever been in.

We need to get out of these very expensive wars bush got us into. We need to cut spending, but don't do all of the cuts from only social programs. It has to be more balanced than that!! And we need to increase revenue.

THe yahoos in D.C. will began sinking us the day george bush took office. It continues and we cannot continue on this path. This repub vs. dem needs to stop and they need to take care of business, but they won't. We're sunk. We'll be sunk worse if a repub gets in office as they really aren't fiscally conservative. They spend the big bucks on military, war and welfare for the rich. they spend more than dems, but in different areas.
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Old 07-01-2011, 08:31 PM
 
25,058 posts, read 25,745,962 times
Reputation: 11728
Quote:
Originally Posted by tickyul View Post
Both sides know that it is going to get raised.....probably 2.3 Trillion just to get us to the end of 2012. No two ways about it..........the national debt will be 20-22 Trillion by the end of 2016.
You also forgot the $1.5 quadrillion that, eventually, the Fed will have to print to cover the fraudulent transactions the banks and their criminal partners in Wall Street have been engaged in thanks to Fannie, Freddie, the Fed, and fractional-reserve banking. Why? Because these banks and hedge funds are too big to fail of course
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Old 07-01-2011, 08:33 PM
 
Location: mancos
7,660 posts, read 7,320,244 times
Reputation: 6002
sure are a lot of different obama's out there wich one is real?
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Old 07-01-2011, 08:35 PM
 
26,684 posts, read 26,978,866 times
Reputation: 7933
Quote:
Originally Posted by Ecovlke View Post
Bush and the repubs raised the debt limit four (4!) times between 2002 and 2006. It was raised again multiple times during bush's tenure.

The republicans being against raising the debt ceiling under Obama is purely political. They had no problem with it when bush put this country in the worst debt it's ever been in.
This needs to be repeated. Raising the debt ceiling was never a problem for Republicans until Obama became President. It's pretty amazing, really.
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Old 07-01-2011, 08:36 PM
 
Location: Chicago
38,704 posts, read 95,897,307 times
Reputation: 29790
Quote:
Originally Posted by Ecovlke View Post
When George W. Bush took office the debt limit was 5.95 trillion. The national debt was 5.73 when bush first took office. When he left office our national debt was 10.63 trillion. So, how did the national debt double under eight years of bush's reign?

Simple. Bush and the repubs raised the debt limit four (4!) times between 2002 and 2006. It was raised again multiple times during bush's tenure.

The republicans being against raising the debt ceiling under Obama is purely political. They had no problem with it when bush put this country in the worst debt it's ever been in.

We need to get out of these very expensive wars bush got us into. We need to cut spending, but don't do all of the cuts from only social programs. It has to be more balanced than that!! And we need to increase revenue.

THe yahoos in D.C. will began sinking us the day george bush took office. It continues and we cannot continue on this path. This repub vs. dem needs to stop and they need to take care of business, but they won't. We're sunk. We'll be sunk worse if a repub gets in office as they really aren't fiscally conservative. They spend the big bucks on military, war and welfare for the rich. they spend more than dems, but in different areas.
Yeah yeah, "It's Bush's fault." At some point Obama is going to have to take responsbility for the job he very actively sought out and won. By the way, the Republicans are not against raising the debt ceiling, they're against unconditionally raising the debt ceiling. And guess what happened when a bill to raise the debt ceiling unconditionally was put to a House vote? Most Democrats voted against it too.
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