Meanwhile, that pesky little exploding debt

[nutsy54]

Hey, remember a candidate five years ago who promised to cut the deficit in half? Instead, he tripled it, then kept it at that level for four (likely five) years?

In before "not his fault!", when he submitted the budget requests, got essentially what he asked for, then signed it into law each year.

Debt at Inauguration: $10.6 Trillion
Debt today: $16.3 Trillion

Question: Will President Obama achieve $6 Trillion of new debt in one term? Only $300 Billion to reach that goal!

But let's pretend a class warfare tax revenue of $80 Billion per year is the solution


Barack Obama, 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. 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 5 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.
And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.
...
And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic
enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on. Every dollar we pay in interest is a dollar that is not going to investment
in America’s priorities. Instead, interest payments are a significant tax on all Americans—a debt tax that Washington
doesn’t want to talk about. If Washington were serious about honest tax relief in this country, we would see an effort to reduce our national debt by returning to responsible fiscal policies."
http://www.gpo.gov/fdsys/pkg/CREC-20...t1-PgS2236.pdf

[nutsy54]

Barack Obama, 2008:
"The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic."

Well, Mr. President, the debt has increased 3 times faster under your administration. I wonder what's 3 times worse than "irresponsible and unpatriotic"...

[EuropeanDream]

Is austerity completely taboo in the US? I always read about austerity in Euro countries (thankfully not in my own germany as it's not needed) but i never heard of austerity protests in US

[nutsy54]

Is austerity completely taboo in the US?

A US President and Congress would have no idea what that word means. They'd have to Google for a Bertstare picture to reply with

The President's 2013 budget calls for getting "down" to a $901 Billion deficit - which is still double compared to the year before he took office. While spending 28% more than in 2008 (with only 7% inflation rate since then).

[JB05]

I don't have much faith in anything positive happening until the ratings agencies downgrade us further, driving up the costs of deficit spending further and further.

The hacks in Washington, on both the right and left, can't be bothered to make painful sacrifices (like eliminating tax deductions, or completely eliminating unnecessary departments) that could hurt their short-term reelection chances.

[frontofthepack]

So what are some examples of responsible fiscal policies that have come about in the past 4 years?

[nutsy54]

So what are some examples of responsible fiscal policies that have come about in the past 4 years?

Well, he ended that expensive Iraq War in 16 months, as promised. Oops, no he didn't
He went through the budget line-by-line, making the hard choices to reduce spending, as promised. Oops, no he didn't
He appointed a deficit/debt commission - then incorporated their recommendations into his next budget, as promised. Oops, no he didn't
He voted against an increase in the debt limit as a Senator, then chose to request and enact them as President. Damn, still not a good example...
He ensured his own party passed responsible budgets each year they controlled Congress. Oops, no he didn't

[TrollingStoned]

I agree 100% with this completely fair and accurate thread.

[foreverSNAFU]

nutsy's idea of what will fix the economy:

-minimum wage eliminated, plus unions, plus any workers rights.
-all taxes eliminated for the super-wealthy.
-no healthcare, no money in infrastructure, no free education.

[nutsy54]

I agree 100% with this completely fair and accurate thread.

I'll assume your user name is accurate, so I won't bother asking you to cite any false or incorrect information I've posted...

nutsy's idea of what will fix the economy:

-minimum wage eliminated, plus unions, plus any workers rights.
-all taxes eliminated for the super-wealthy.
-no healthcare, no money in infrastructure, no free education.

Oh look, someone else who can't directly address the failed promises & policies of this President. Just keep spewing the lies, guys. Anything to distract attention from a $16.3 TRILLION DEBT... Up nearly $6 Trillion in one 4-year term. From the guy who once claimed that deficits and debt are bad.

[Thinman]

If we were really serious about tackling the debt, we would have to reform entitlements, cut spending, cut defense spending, reform the Federal pension systems and raise taxes to name a few. Neither party has the political will to make those tough choices.

[frontofthepack]

So is it all his fault? This congress might as well be called "do nothing 2"..oh wait they had an even lower amount of public laws passed.

[nutsy54]

So is it all his fault? This congress might as well be called "do nothing 2"..oh wait they had an even lower amount of public laws passed.

Certainly not "all his fault" - but he did nothing to prevent it, and everything to ensure it happened - even though he campaigned and promised the exact opposite results. Congress had to play along, too. From the Pelosi/Reid lapdogs, to the utterly ineffective Boehner.

[ICrapBig]

Barack Obama, 2008:
"The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents – #43 added $4 trillion by his lonesome, so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic."

Well, Mr. President, the debt has increased 3 times faster under your administration. I wonder what's 3 times worse than "irresponsible and unpatriotic"...

He is a politician playing the popularity contest, nothing more. Obama was always going to say and promise what he needed to to secure power, there is no genuine leadership there that will make hard decisions for the good of the nation. The first question he asks himself is what impact it will have on votes, and he goes from there. This is a career academic who is a master at playing the shaming game. This is how they status whore in academia.

Libs will console themselves and say that Romney would have done no better. Makes no difference really, we are headed for economic disaster and it was Mr Hope and Change that took us there.

Hey, maybe Hillary Clinton can blame George Bush too when she runs in 4 years time eh? We all know that demographically, the Republicans are finished anyway. The USA is now a Dem country.

It was nice knowing you America

[CuriousGM]

Come on baby, 20T+ in debt here we come; although to be fair we were headed for 20T+ in debt even if Romney won and he admitted it. This is a systematic failure of the government, not the failure of a party.

[sawoobley]

I don't have much faith in anything positive happening until the ratings agencies downgrade us further, driving up the costs of deficit spending further and further.

The hacks in Washington, on both the right and left, can't be bothered to make painful sacrifices (like eliminating tax deductions, or completely eliminating unnecessary departments) that could hurt their short-term reelection chances.

It's seems to be more than just a Washington problem. After all, the country just re-elected the guy and enough people aren't demanding the government deal with these problems.

[CrunkJuice2]

nutsy's idea of what will fix the economy:

-minimum wage eliminated, plus unions, plus any workers rights.
-all taxes eliminated for the super-wealthy.
-no healthcare, no money in infrastructure, no free education.

oh yeah because we can all see how wonderful elimating the unions worked.i mean,with the ****storm that happened in michigan because of right to work

[CrunkJuice2]

not the failure of a party.

"i want taxes on the rich,lets compromise but only if you include taxes on the rich"

failure of a party if you ask me when your using the word compromise but dont want to compromise on your stance of taxing the rich

i honestly think both partys are to blame for alot of it.but since obama wants us to crash and the economy to continue to get worse,he'll get it.and then blame the republicans for it

[BeefyMcNasty]

So is it all his fault?

No. But if you pour kerosene on a fire are you to blame for it's spreading? He did nothing to remedy it and everything to make it worse.

[CrunkJuice2]

It's seems to be more than just a Washington problem. After all, the country just re-elected the guy and enough people aren't demanding the government deal with these problems.

yeah,the sad part is the majority of americans still blamed the wrong person and thats why obama got re elected

but hey,guess who was in the white house 4 years ago? it wasnt george bush,so guess what? you cant blame him for anymore failures anymore

[sawoobley]

yeah,the sad part is the majority of americans still blamed the wrong person and thats why obama got re elected
but hey,guess who was in the white house 4 years ago? it wasnt george bush,so guess what? you cant blame him for anymore failures anymore

Do be so certain. As long as Obama is in office it will be ok to blame Bush. Hopefully, I'm wrong.

[ExBeta]

Obama has been forced to try to solve the economy BY HIMSELF due to the racist nature of the conservative party, which cannot stand to have a black man in office (yeah, I said it). This term, he's going to not only put debt < $6 billion, but he's going to unite the world in a new way and forever be enshrined as a top 3 president of all-time (with Lincoln - freeing slaves - and Clinton - perfect record).

[sawoobley]

Obama has been forced to try to solve the economy BY HIMSELF due to the racist nature of the conservative party, which cannot stand to have a black man in office (yeah, I said it). This term, he's going to not only put debt < $6 billion, but he's going to unite the world in a new way and forever be enshrined as a top 3 president of all-time (with Lincoln - freeing slaves - and Clinton - perfect record).

[ExBeta]

nutsy54,

I've been reading this board a lot more than posting on it, but you strike me as a very insecure, little man. As a Navy man, you have direct orders to shut the hell up about our President and obey his orders. This is getting pathetic; why not show your face and allow the world to see which Navy man talks crap about his BOSS?

[nutsy54]

And another Obama-supporting troll who can't actually defend the President's failed promises and policies, so instead he cries "Racism!" and then starts with the personal attacks. You can stop posting here now, I won't waste my time with your crap

[CrunkJuice2]

Obama has been forced to try to solve the economy BY HIMSELF due to the racist nature of the conservative party.

ok so voting for someone based off race when you have 0 knowledge of his policys isnt racist?

dont pull the conservative party racist bull****,it wont work

[CrunkJuice2]

oh and hes gonna unite the united states?

funny,if you havent noticed.this nation has gotten more divided under obama then it has united

[ExBeta]

oh and hes gonna unite the united states?

funny,if you havent noticed.this nation has gotten more divided under obama then it has united

The only people I've heard say that are Republicans. *SHOCKER*

[CrunkJuice2]

The only people I've heard say that are Republicans. *SHOCKER*

whatever

im not even gonna argue with you

[CrunkJuice2]

This is getting pathetic; why not show your face and allow the world to see which Navy man talks crap about his BOSS?

if anything the military probably hates obama even more now considering the wonderful vietnam war veteren he just nominated for secretary of state