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Barack Obama has not demonstrated even a remote interest in taming the debt/deficits. The 2008 recession was a gift from heaven and he hasn't looked back since.
The US flew nearly $12bn in shrink-wrapped $100 bills into Iraq, then distributed the cash with no proper control over who was receiving it and how it was being spent.
The staggering scale of the biggest transfer of cash in the history of the Federal Reserve has been graphically laid bare by a US congressional committee.
And let's not forget that the Iraq war got 2 Trillion with a T. Coinciding with Bush tax cuts and the implementation of unfunded Medicare Part D. No concern for the national debt whatsoever by Republicans then.
The blame shifting has to end, and unless the Republicans stop spending like drunken sailors, they need to shut the heck up about the debt. The hypocrisy chart is up in the outer space.
No, that's just Obama's American-taxpayer Express. It has no credit limit.
Actually, Obama has cut the national deficit he was handed by Bush by roughly 2/3. In fact he and Clinton are the only presidents in more than 40 years to actually decrease the deficit. Tell Republicans like Reagan and the Bush's (and any one in this clown car of an election cycle) to stop blowing up the deficit and maybe we can get it under control ...
Who cares - it wasn't taxpayer money. My guess is the government stole it back and claimed they delivered it.
If it was taxpayer money I would care.
Do you think the 2 Trillion dollar Iraq War was not tax payer money? What about totally unfunded Medicare Part D? This idea that Republicans care about the debt is a complete and total myth. They do whatever they want with the money when they can then complain when a Democrat is in office. They just need to stop pretending. It was Dick Cheney that said "Deficits don't matter".
The blame shifting has to end, and unless the Republicans stop spending like drunken sailors, they need to shut the heck up about the debt. The hypocrisy chart is up in the outer space.
To be fair, when they raise a stink about the debt they get demonized for shutting down the government.
We need to work together.
There is money to be cut from the military budget without making us less safe. They European Commander said his job would be easier if we closed a third of the US bases in Europe.
There are inefficiencies in all departments that can be stemmed.
We could move to a progressive consumption tax to cut out loop holes, under the table pay, and etc...
We could find middle ground on social security.
We could find middle ground on taxing wall street - i.e. why not tax each stock purchase transaction a mere 0.1%? It would not discourage a single middle class investor, as that would only be a $1 tax per thousand dollars. However, it might discourage the big firms that literally manipulate the market by performing over a hundred million trades in a year.
We could give US companies a break on bringing money held outside the US back here. We could tax our companies more like Europe -- no taxes on money made outside the country, etc...
We have to agree that neither side will get 100% of exactly what it wants, but if we meet in the middle, we can solve it.
Future Unfunded Liabilities? $101,000,000,000,000.00 and counting!
Interest on the national debt is at historical lows, we will either face a Japan-like situation of decades of ultra low interest rates and the corresponding effects OR a return to normal interest rates, which would spike the annual deficit back above $1,000,000,000,000.00 a year due to the increase in interest payments.
Should the national debt be a bigger story in the 2016 campaigns?
Thankfully if the Sanderistas get their way it won't be $19 trillion, it'll be between $36 trillion and $47 trillion. I hope universal crap care is all you dreamed of.
We have to agree that neither side will get 100% of exactly what it wants, but if we meet in the middle, we can solve it.
That is not going to happen. Republicans just rejected President Obama's budget sight unseen. Which means, the next time the roles are reversed, Democrats will do the same to Republicans. It's a race to the bottom.
Quote:
Originally Posted by Finn_Jarber
The blame shifting has to end, and unless the Republicans stop spending like drunken sailors, they need to shut the heck up about the debt. The hypocrisy chart is up in the outer space.
The blame shifting has to end, and unless the Republicans stop spending like drunken sailors, they need to shut the heck up about the debt. The hypocrisy chart is up in the outer space.
this from a guy who supports the president... .who just handed congress a budget that has close to a trillion in unfunded spending in it
good grief.
Talk about hypocrisy. Democrats trying to blame republicans for the systemic structural problems THEY put in place? good grief.
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