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*“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 U.S. government can’t pay its own bills. ... I therefore intend to oppose the effort to increase America’s debt limit.”
“It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government’s reckless fiscal policies. Over the past five years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is* ‘‘trillion’’ with a ‘‘T.’’ That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers.”
— Then-Sen. Barack Obama, floor speech in the Senate, March 16, 2006
*“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 U.S. government can’t pay its own bills. ... I therefore intend to oppose the effort to increase America’s debt limit.”
“It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government’s reckless fiscal policies. Over the past five years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is* ‘‘trillion’’ with a ‘‘T.’’ That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers.”
— Then-Sen. Barack Obama, floor speech in the Senate, March 16, 2006
Posted with TapaTalk
Bet you were furious when the Republicans would raise the debt ceiling without even bothering to debate it or talk about spending cuts.
Actually I understand you can find some quotes from some people that have very favorable opinions of President Obama. Apparently you don't understand that those few people don't represent all liberals.
They certainly represent the large majority of those on this forum. Living in a blue state I can also say that it also represents the views of many people I interact with in my travels.
LOL at boy king and all the other nick names they have for the President. The same people who said the government doesn't create jobs is now blaming the government for not creating jobs...
even though employment numbers have climbed damn near every year Obama has been in office
The numbers can face scrutiny. I mean someone gets sick for the month while unemployed and they don't look for a job, they are unemployed. Also we can point to those in college being a POSSIBLE way to decrease unemployment. We can also include those who left the employment due to industries drying up and dying. Another thing we can point to is the fact the jobs we have seen created are not full employment but enough to tick the needle that we created jobs and got people off unemployment.
The issue is Obama policies have hurt job creation and wage growth. Have a 40 hour week, well we don't want to be forced to give healthcare so we'll cut you to 29 tops. We just hired someone and they are coming close to getting benefits, oh we will cut them lose so we don't need to pay for them...
The quote shows that Obama was a "terrorist", "arsonist", "hostage taker", "kidnapper", and a "jihadist" just as Republican are being called.
Posted with TapaTalk
I am not just talking about the past ten years, raising the debt ceiling isn't something new. It has happened over and over throughout the life of this country.
After Obama is out, libs will have had eight years of control. Eight years of president, eight years of senate control (we will see in 2014), and two years of congressional control. Few, if any presidents, have had such a political landscape in which they could implement thier policy.
So.................... after eight years of
lower incomes
more unemployment
lower savings
more in poverty
more on foodstamps
more homeless
more part time workers
...........................what next? More of the same policy of the previous eight years? If not, what "new" ideas will liberals have to reverse the above trend? Do you contend it will take sixteen years? Fifty years? Why did it take Reagan only three years?
You left out the most important aspect of the health of a government. And all of the statistics you listed above are not caused by Obama, they are caused by things like US jobs being moved to Asia, lack of federal government revenue, ex.ex.
The most important factor of our governments health is our national debt level. And Obama has cut GW Bush's debt growth rate in half.
But GW Bush turned Clintons balanced budget into huge deficits and debt. Bush did a $2.5 trillion dollar tax cut (and his tax cuts added $2.5 trillion dollars to our debt), and this turned Clinton's balanced budget into huge deficits and debt. And Bush's tax cuts for the rich continued while Obama was in office and increased the deficits in Obama time.
Republicans say the Bush tax cuts were for everybody. But the richest 1% of Americans got 51.8% of Bush's tax cuts, and the poorest 20% of Americans got 1% of Bush's tax cuts. (or) The bottom 60% of Americans got 17% of the Bush tax cuts, and the richest 10% of Americans got 62% of the tax cuts.
Then you said it only took Reagan 3 years and you are correct. It took Reagan 3 years to explode our deficits and national debt, by lowering rich people's taxes just like GW Bush did.
You left out the most important aspect of the health of a government. And all of the statistics you listed above are not caused by Obama, they are caused by things like US jobs being moved to Asia, lack of federal government revenue, ex.ex.
The most important factor of our governments health is our national debt level. And Obama has cut GW Bush's debt growth rate in half.
But GW Bush destroyed Clintons balanced budget. Bush gave the rich a $2.5 trillion dollar tax cut (and added that $2.5 trillion dollars to our debt), and Bush turned Clinton's balanced budget into huge deficits and debt. And Bush's tax cuts for the rich continued while Obama was in office and increased the deficits in Obama time.
Bush also wasted $850 billion dollars in Iraq for nothing and added that money to our debt.
Lets just thank God Romney did not get elected, he wanted to add $6.6 trillion dollars to our national debt with this.
Then you said it only took Reagan 3 years and you are correct. It took Reagan 3 years to explode our deficits and national debt, by lowering rich people's taxes just like GW Bush did.
Thank you for spewing your same comments Chad. Let me know when you have something new to offer.
While Obama has SLOWED the rate, the fact is until we see (a real) economic recovery, we will continue to see the debt rise because less people are paying less taxes. We need more higher paying jobs to produce more tax revenue to really make a dent in the debt. This is what Clinton was able to work towards. However whether it was republican tax cuts or Obama policy, we have not seen the debt actually cut into since Carter was president the earliest.
I am not just talking about the past ten years, raising the debt ceiling isn't something new. It has happened over and over throughout the life of this country.
Funny you choose to ignore what the boy king said back then and prefer to deflect instead.
He complained and voted against raising it when the debt increased a mere $3.5 trillion.
Things change. We weren't even worried about that back then because Republicans had full employment, our credit rating wasn't downgraded, people were doing well, welfare and food stamps hadn't tripled, and the debt wasn't unsustainable under their leadership.
Obama now ADMITS it was just politics.........
Quote:
The president has acknowledged that his previous vote against the debt limit was “a political vote.” On Monday, at a news conference, he urged lawmakers to boost the debt limit without conditions: “We’re going to have to make sure that people are looking at this in a responsible way, rather than just through the lens of politics.”* (In other words, don’t do what I did back when I was a lawmaker.)
Thank you for spewing your same comments Chad. Let me know when you have something new to offer.
While Obama has SLOWED the rate, the fact is until we see (a real) economic recovery, we will continue to see the debt rise because less people are paying less taxes. We need more higher paying jobs to produce more tax revenue to really make a dent in the debt. This is what Clinton was able to work towards. However whether it was republican tax cuts or Obama policy, we have not seen the debt actually cut into since Carter was president the earliest.
And let me know when you realize/care that tax cuts like Romney's will bring our national debt to 150%-to-GDP, and it will cause our government to cut huge numbers of programs.
And you said our debt was not cut since Carter. But if you would have read my sources you would know Clinton cut our debt in 2000.
Look for the green numbers and negative signs in the above source in the year 2000, but I doubt you understand what those things mean.
Chad.
Last edited by chad3; 09-27-2013 at 06:01 PM..
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If not, what "new" ideas will liberals have to reverse the above trend? Do you contend it will take sixteen years? Fifty years? Why did it take Reagan only three years?
