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.
Naw, he's just pretending to not understand what the debt ceiling is about. I don't know why though. Being foolish rarely enhances ones esteem. To each his own I guess.
The government shut-downs in the 1990s resulted in a lot of people not getting paid, and a lot of services shutting down, contracts being canceled, tourism taking a major hit etc, etc and those shutdowns lasted very short periods of time. The impact this time would be severe, and would guarantee Obama being re-elected, just like the 1990's shutdowns guaranteed Clinton's re-election. People have no tolerance for such political games where regular people get hurt in the process.
I don't get you debt mongers. What is the big f-ing deal if its a few trillion. The government currently has an almost unlimited ability to borrow in the treasuries market. Have you seen the demand by private investors (hint: it is huge) and the insanely low interest rates? Obama should just tell the teabaggers to go to hell and borrow 5 trillion more.
I don't get you debt mongers. What is the big f-ing deal if its a few trillion. The government currently has an almost unlimited ability to borrow in the treasuries market. Have you seen the demand by private investors (hint: it is huge) and the insanely low interest rates? Obama should just tell the teabaggers to go to hell and borrow 5 trillion more.
Someone needs a lesson in Economics 101.
The reason there is such a high demand by private investors and such a low interest rate is because private investors know that the country is essentially screwed, thus making other avenues of investment unsafe. At least with the US government, they know that the government will steal money from unborn children of 2100 to pay for the poor policies of 2011 politicians. Something that public companies don't have the luxury of doing.
The market is going to crash. Every decent investor knows it's going to happen. The only question is when. If that imminent catastrophe were not on the table, private investor interest in US debt wouldn't be anywhere near what it is now. It's nothing but a safe haven from people who understand that our economy is hosed.
debt on 12/23/2011 was $ 15,128,573,259,990
debt on 09/30/2009 was $ 11,909,829,003,510
Obama added $3.22 trillion to the total debt. OBAMA ADDED JUST OVER 1/4 TO THE DEBT.
debt on 9/30/2009 was $ 11,909,829,003,511
debt on 9/30/2001 was $ 5,807,463,412,200.06
Bush added $6.1 trillion to the total debt. Bush DOUBLED THE NATIONAL DEBT IN 8 YEARS.
Yeppers, he's asking for this because it's an election year coming, and he needs to finish crashing our currency so he can have a true, National Emergency to use and bring martial law? Maybe he can have us so very upset, scared and freaked-out next Nov. that we won't have a way to know if there is gigantic, Election Fraud. No other way he's going to win election.
His Fundamental Transformation appears to still be a work in progress.
Sorry, you try again, FY2009 was bush, Obama wasn't't even in office when it began in October 2008. Remember, back when bush handed away the keys to the treasury?
Last edited by buzzards27; 12-27-2011 at 05:55 PM..
Raising the debt ceiling is nothing unusual unless you're a winger with a special need to whine. Have at it wingers, whine about Reagan and all his debt ceiling raises..But you wont now will you?
The number of times its raised is meaningless, its the TOTAL amount that counts
Sorry, you try again, FY2009 was bush, Obama wasn't't even in office when it began in October 2008. Remember, back when bush handed away the keys to the treasury?
Repeating ignorance 10 times only makes you wrong, 10 times.. Obama SIGNED the spending, Obama owns it, not Bush
Oh just give the man a blank check. Obviously controlling the budget and even trying to project what you need is beyond the scope of our current government.
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.
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.
