(01-14-2018 10:00 PM)UTSAMarineVet09 Wrote:  remember all the rage from Mach when oblunder doubled our debt.... yeah, neither do I.

Probably the same place your rage was when Bush did it.

(01-14-2018 10:41 PM)Mr_XcentricK Wrote:  

(01-14-2018 10:00 PM)UTSAMarineVet09 Wrote:  remember all the rage from Mach when oblunder doubled our debt.... yeah, neither do I.

Probably the same place your rage was when Bush did it.

So Bush doubled our debt?!? Man, I can’t believe my that!!!


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The money numbers are not as significant as the military strength.

As long as we are an unchallengeable military might, we can run up all the deficits we want.

(01-14-2018 10:55 PM)UTSAMarineVet09 Wrote:  

(01-14-2018 10:41 PM)Mr_XcentricK Wrote:  

(01-14-2018 10:00 PM)UTSAMarineVet09 Wrote:  remember all the rage from Mach when oblunder doubled our debt.... yeah, neither do I.

Probably the same place your rage was when Bush did it.

So Bush doubled our debt?!? Man, I can’t believe my that!!!

GW Bush did double our debt, from roughly $5 trillion to roughly $10 trillion. GW Bush was no conservative. He wore cowboy clothes and talked about Jesus a lot, but that was pretty much the extent of his conservatism.

Then Obama doubled it again, from roughly $10 trillion to roughly $20 trillion.

Both sucked.

(01-14-2018 11:38 AM)usmbacker Wrote:  

Quote:As part of the broader economic legacy of President Barack Obama, from jobs to the stock market, one of the most notable changes has been the increase in the national debt.

Based on quarterly data released by the US Treasury, the debt at the end of 2008 — just before Obama took office — stood at roughly $10,699,805,000,000.

As of the third quarter of 2016, the most recent data available, the debt as Obama is set to leave office stood at $19,573,445,000,000.

Based on the website USdebtclock.com, which extrapolates the US national debt in real time based on committed government spending, the debt will be roughly $19.97 trillion when President-elect Donald Trump takes office on Friday.

Thus, the national debt under Obama will have grown by about $9 trillion, or an increase of 86%.

http://www.businessinsider.com/national-...ama-2017-1

Why do y’all continue to pretend the collapse of our financial system did not occur in 2008?

(01-14-2018 11:41 PM)Marc Mensa Wrote:  

(01-14-2018 11:38 AM)usmbacker Wrote:  

Quote:As part of the broader economic legacy of President Barack Obama, from jobs to the stock market, one of the most notable changes has been the increase in the national debt.
Based on quarterly data released by the US Treasury, the debt at the end of 2008 — just before Obama took office — stood at roughly $10,699,805,000,000.
As of the third quarter of 2016, the most recent data available, the debt as Obama is set to leave office stood at $19,573,445,000,000.
Based on the website USdebtclock.com, which extrapolates the US national debt in real time based on committed government spending, the debt will be roughly $19.97 trillion when President-elect Donald Trump takes office on Friday.
Thus, the national debt under Obama will have grown by about $9 trillion, or an increase of 86%.

http://www.businessinsider.com/national-...ama-2017-1

Why do y’all continue to pretend the collapse of our financial system did not occur in 2008?

And your point is?

And BTW, who is pretending that the 2008 recession did not occur in 2008? Collapse of our financial system may be bit hyperbolic, and what happened was avoidable.

(01-14-2018 10:41 PM)Mr_XcentricK Wrote:  

(01-14-2018 10:00 PM)UTSAMarineVet09 Wrote:  remember all the rage from Mach when oblunder doubled our debt.... yeah, neither do I.

Probably the same place your rage was when Bush did it.

So you're point is that nobody cares... Do you care now? Did you care under O?

(01-14-2018 11:41 PM)Marc Mensa Wrote:  Why do y’all continue to pretend the collapse of our financial system did not occur in 2008?

Why do you pretend the Democrats did not have a hand in that?

(01-14-2018 12:26 PM)Mr_XcentricK Wrote:  

(01-14-2018 11:38 AM)usmbacker Wrote:  

Quote:As part of the broader economic legacy of President Barack Obama, from jobs to the stock market, one of the most notable changes has been the increase in the national debt.

Based on quarterly data released by the US Treasury, the debt at the end of 2008 — just before Obama took office — stood at roughly $10,699,805,000,000.

As of the third quarter of 2016, the most recent data available, the debt as Obama is set to leave office stood at $19,573,445,000,000.

Based on the website USdebtclock.com, which extrapolates the US national debt in real time based on committed government spending, the debt will be roughly $19.97 trillion when President-elect Donald Trump takes office on Friday.

Thus, the national debt under Obama will have grown by about $9 trillion, or an increase of 86%.

http://www.businessinsider.com/national-...ama-2017-1

Amazing that someone can look at that chart and say “it all started in 2008 with that Democrat!!”

Said no one, ever?

Or, prove me wrong. Welcome to it, I've not read through the entire jokethread after being semi-banned or something.

A democrat criticizing a Republican about debt is like a heroin addict criticizing someone for having too many beers.

(01-14-2018 05:55 PM)DavidSt Wrote:  The Government have been raiding the Social Security and the Medicare piggy bank to pay for their wars and pet projects. The government since LBJ time to now owes everybody who paid into the programs a lot of money. What CNN reported is that the US tax-payers are the ones who owns the debt as the creditors of the US government. We need to close that door so that they stopped raiding the two programs. If they did not raid those programs? Both programs would be in perfect shape.

Errrrr,

You ever stopped long enough to ask- Who's the "Government"?

Give it a thought for a sec or two, get back to me. Thx.

I'm from the Government and I'm here to help

(01-14-2018 11:26 PM)Owl 69/70/75 Wrote:  

(01-14-2018 10:55 PM)UTSAMarineVet09 Wrote:  

(01-14-2018 10:41 PM)Mr_XcentricK Wrote:  

(01-14-2018 10:00 PM)UTSAMarineVet09 Wrote:  remember all the rage from Mach when oblunder doubled our debt.... yeah, neither do I.

Probably the same place your rage was when Bush did it.

So Bush doubled our debt?!? Man, I can’t believe my that!!!

GW Bush did double our debt, from roughly $5 trillion to roughly $10 trillion. GW Bush was no conservative. He wore cowboy clothes and talked about Jesus a lot, but that was pretty much the extent of his conservatism.

Then Obama doubled it again, from roughly $10 trillion to roughly $20 trillion.

Both sucked.

Given the fact that I wasnt able to vote for Bush and my first vote in a Presidential election was for oblunder... its a moot point.

(01-14-2018 06:47 PM)ark30inf Wrote:  It'll stop when it stops and not before. It will be painful. All of the stuff we've been arguing about will go away. Defense, Social Security, safety nets, free condoms, the VA, Amtrak all of it will go away.

You can survive it. Russia did...sorta.

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and Russia is a country with a tiny middle class, extreme wealth gap and is controlled by a dictator and his handful of oligarchs.

(01-15-2018 12:21 AM)Owl 69/70/75 Wrote:  

(01-14-2018 11:41 PM)Marc Mensa Wrote:  

(01-14-2018 11:38 AM)usmbacker Wrote:  

Quote:As part of the broader economic legacy of President Barack Obama, from jobs to the stock market, one of the most notable changes has been the increase in the national debt.
Based on quarterly data released by the US Treasury, the debt at the end of 2008 — just before Obama took office — stood at roughly $10,699,805,000,000.
As of the third quarter of 2016, the most recent data available, the debt as Obama is set to leave office stood at $19,573,445,000,000.
Based on the website USdebtclock.com, which extrapolates the US national debt in real time based on committed government spending, the debt will be roughly $19.97 trillion when President-elect Donald Trump takes office on Friday.
Thus, the national debt under Obama will have grown by about $9 trillion, or an increase of 86%.

http://www.businessinsider.com/national-...ama-2017-1

Why do y’all continue to pretend the collapse of our financial system did not occur in 2008?

And your point is?

And BTW, who is pretending that the 2008 recession did not occur in 2008? Collapse of our financial system may be bit hyperbolic, and what happened was avoidable.

Because the revenue shortfalls in the years after the cratering of the economy played as much a role in creating the "Obama" debt as the money spent trying to keep the boat afloat after the collapse. Whethter the collapse was avoidable or not is not the point. We have the luxury now of debating whether the situation was as bad as it was projected because the country did manage to pull out of it.

If the deficit explodes as a result of the latest tax cut... and it will; and we have a similar financial collapse, which is possible, what happens then?

The bullish!t artists wax poetic about the debt.

(01-15-2018 09:52 AM)rath v2.0 Wrote:  The bullish!t artists wax poetic about the debt.

just look up the historical budget data from the CBO. the numbers are the numbers.

CBO Data

(01-14-2018 01:10 PM)ark30inf Wrote:  

(01-14-2018 10:31 AM)Machiavelli Wrote:  Anyone else concerned about this?



http://freebeacon.com/issues/government-...e-economy/

Yes. I think the way to solve it is for the government to pay for free healthcare, free college tuition, free birth control, and pay everyone a minimum guaranteed income, and import as many people as possible to take advantage of these things.

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I wish I had read this when you first posted. This post is a great candidate for thread-closer.

(01-14-2018 02:38 PM)Machiavelli Wrote:  The other side always complains about the debt when the other side has the office. Just wondered why you guys developed the sudden amnesia?

Actually, true conservatives complain about increased federal spending beyond revenues all the time -- even when the GOP is in control.

That's kinda the definition for "fiscal conservative".

(01-14-2018 03:01 PM)Machiavelli Wrote:  You won’t get that. It’s borrow and spend Republicans vs Tax and spend Democrats.

I think you mean borrow-and-spend Republicans vs tax-borrow-and-spend Democrats.

Either way, they both suck.

(01-14-2018 10:00 PM)shere khan Wrote:  

(01-14-2018 09:57 PM)CardFan1 Wrote:  Gee Mach, never heard you complain when Obama got us trillions of dollars in debt or giving Iran pallet loads of billions of dollars..only good when Dems do it.

Democrats are told what to think

lol... you said "think".