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Don’t look now, members of the “supercommittee” battling the national debt, but the amount the U.S. owes topped the $15 trillion mark Wednesday afternoon.
I predict this little ditty of obama's own words will play a starring role in 2012.
The market fell nearly 200 pts about that same time we hit $15 Trillion in debt. Of course, Obama could have chosen to cut government spending instead of growing it by $4 Trillion but that wasn't his intention now was it?
Maybe if he really was concerned about the national debt he's stop launching wars without Congressional approval and repeal Obamacare.
The market fell nearly 200 pts about that same time we hit $15 Trillion in debt. Of course, Obama could have chosen to cut government spending instead of growing it by $4 Trillion but that wasn't his intention now was it?
Maybe if he really was concerned about the national debt he's stop launching wars without Congressional approval and repeal Obamacare.
Naw........that's not the Marxist way.
You need to deal with Congress. Obama may submit a budget, but Congress is the body that approves it and adds their own special desires to it.
BTW - Do congressionally approved wars cost less? Seems to me like th three or four trillion we pissed away in Iraq for absolutley no reason is a pretty singular act of waste.
You need to deal with Congress. Obama may submit a budget, but Congress is the body that approves it and adds their own special desires to it.
BTW - Do congressionally approved wars cost less? Seems to me like th three or four trillion we pissed away in Iraq for absolutley no reason is a pretty singular act of waste.
Funny, the CBO said obama's stimulus cost more than the Iraq war.
You need to deal with Congress. Obama may submit a budget, but Congress is the body that approves it and adds their own special desires to it.
BTW - Do congressionally approved wars cost less? Seems to me like th three or four trillion we pissed away in Iraq for absolutley no reason is a pretty singular act of waste.
You assume Congress would have approved Obama's African wars. I don't think they would have. We've wasted a whole lot of American lives and taxpayer money propping up the Afghanistan heroine trade with our soldiers guarding poppy fields. But, The FED and IMF are profiting so new wars just keep happening.
I don't care what the national debt is since the economy is growing fast enough to cover the additional interest on the debt (ie the debt burden of the government stays the same). President Obama will ignore you debt mongers and keep doing what he is doing to help the economy recover. That is why he will win again in 2012.
It's always after posts like the one above that I wonder who's been spiking their kool-aid.
QE 3.5 is on its way. Don't confuse that and the collapse of the eurozone with economic recovery in the USA. It is akin to having the only unboarded home in the worst neighborhood in Detroit.
Using conservative assumptions, we calculate that the bill
for Bush-era excess—the total
new debt combined with the
total new accrued obligations—
amounts to $10.35 trillion.
Last edited by Cletus Awreetus-Awrightus; 11-16-2011 at 06:28 PM..
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