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Old 05-05-2009, 09:50 PM
 
Location: OB
2,404 posts, read 3,950,122 times
Reputation: 879

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It is no secret that the US government has been running up the credit card of late. ... A crisis is slowly building, and it is one that will erupt suddenly.

This is a story of debt and the dollar. ... ...

http://www.dailykos.com/storyonly/2009/5/5/727606/-One-day-it-just-fell-off-a-cliff....(debt-and-the-US$)

Wow - that's fairly objective, DailyKos got a couple points there. When DailyKos is bringing up Obama's deficit spending as a problem, I hope more people reconsider their optimism about the economy. At the bottom of the DailyKos post is a poll about the debt crisis. Take the poll at the buttom and see what my liberal friends think. When I took the poll, my libs were all as concerned as my Repub friends. 81% thought things were bad with all the spending.
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Old 05-05-2009, 10:02 PM
emh
 
298 posts, read 852,334 times
Reputation: 149
Quote:
Originally Posted by mossomo View Post
It is no secret that the US government has been running up the credit card of late. ... A crisis is slowly building, and it is one that will erupt suddenly.

This is a story of debt and the dollar. ... ...

http://www.dailykos.com/storyonly/2009/5/5/727606/-One-day-it-just-fell-off-a-cliff....(debt-and-the-US$)

Wow - that's fairly objective, DailyKos got a couple points there. When DailyKos is bringing up Obama's deficit spending as a problem, I hope more people reconsider their optimism about the economy. At the bottom of the DailyKos post is a poll about the debt crisis. Take the poll at the buttom and see what my liberal friends think. When I took the poll, my libs were all as concerned as my Repub friends. 81% thought things were bad with all the spending.
Ah, more right wing misinformation. The article makes NO mention of Obama. Instead, here's what the article actually says:

"In the last 12 months (May 1, 2008 to April 30, 2009) the US government has borrowed $1.7 trillion in net new borrowings from the public. "

Note the time period, most of which occurred during Bush.
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Old 05-05-2009, 10:07 PM
 
Location: OB
2,404 posts, read 3,950,122 times
Reputation: 879
Quote:
Originally Posted by emh View Post
Ah, more right wing misinformation. The article makes NO mention of Obama. Instead, here's what the article actually says:

"In the last 12 months (May 1, 2008 to April 30, 2009) the US government has borrowed $1.7 trillion in net new borrowings from the public. "
Dont smack your head with me. Gay. Idiots smack their heads, said the wingnut. Dznuts, wingnuts! The article also said,

That's right, in 12 months the government has borrowed 25% of the total amount it has ever borrowed from the public in 230+ years!

The government... Did you miss all those papers Obama signed over that last couple months? Have you been in a cave? This gov't just passed a bunch of spending bills. Who the hell leads this government? Stupid. Obama. Stop making excuses. Who cares about Bush. Past tense. Obama needs to lead now. Even my liberal friends are calling Obama's debt spending a huge problem.


Last edited by mossomo; 05-05-2009 at 10:39 PM..
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