Bush debt vs. Obama debt: The issue is settled!!

Discussion in 'Politics' started by skookerasbil, Feb 17, 2010.

  1. skookerasbil
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    skookerasbil Gold Member

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    Scroll down to highlighted sentence............YIKES!!! This effectively puts to rest the threads posted by the 21%ers who talk about "Bush's debt"!!!! The Bush debt is like a snowball compared to the Obama debt which is camparatively the size of a Thanksgiving Day parade float!!!



    Drowning in Debt: What the Nation's Budget Woes Mean for You
    Economists Predict Cutbacks, Tax Increases That 'Aren't Even Imaginable'

    By DEVIN DWYER
    WASHINGTON, Feb. 17, 2010
    650 comments Font Size PrintRSSE-mailShare this story with friendsFacebookTwitterRedditStumbleUponMore
    American political and economic leaders have sounded the alarm for years about the red ink rising in reports on the federal government's fiscal health.

    David Muir looks into how the deficit has become so large.But now the problem of mounting national debt is worse than it ever has been before with -- potentially dire consequences for taxpayers, according to a report by the nonpartisan Peterson-Pew Commission on Budget Reform.

    "It keeps me awake at night, looking at all that red ink," said President Obama in Nashua, N.H., on Feb. 2. "Most of it is structural and we inherited it. The only way that we are going to fix it is if both parties come together and start making some tough decisions about our long-term priorities."

    Obama will sign an executive order tomorrow that establishes a bipartisan National Commission on Fiscal Responsibility and Reform to make recommendations on how to reduce the country's debt.

    Over the past year alone, the amount the U.S. government owes its lenders has grown to more than half the country's entire economic output, or gross domestic product.

    Even more alarming, experts say, is that those figures will climb to an unprecedented 200 percent of GDP by 2038 without a dramatic shift in course.






    k00k fAiL:lol:
     
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  2. skookerasbil
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    skookerasbil Gold Member

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    Tax increases!!!

    LMAO...........someboy I know is going down..............real hard s0ns!!!
     
  3. SFC Ollie
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    SFC Ollie Still Marching

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    I'm actually surprised it has taken this long. Democrats had a super majority but they have to play politics and make us believe that they can spend more and shrink the debt if we just give them a little more on everything. They did already start with cigarettes.......There are plenty more hikes to come.
     
  4. skookerasbil
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    skookerasbil Gold Member

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    I say keep those staggering taxes coming.............soon enough, liberal public policy will be on display in all the local museums..........propped up in a big glass case, displayed like a relic of former era!!!

    Wont have to deal with these mental cases for generations............
     
  5. potter 58
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    potter 58 Active Member

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    why is anyone surprised that taxes will go up, the fucking moron got us into 2 wars and cut taxes by a tril dollars, now you stupid fucks want to bitch , name we one Pres that cut taxes in a time of war, only Jr
     
    Last edited: Feb 17, 2010
  6. SFC Ollie
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    SFC Ollie Still Marching

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    So while we are at war and in a recession is the time to add 200,000 people to the federal payroll, increase the debt even more and raise taxes? I don't think that is how you control the debt.
     
  7. potter 58
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    potter 58 Active Member

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    did I say that , no! Do I like what he is doing no, but you assholes seem to think this fucking mess only happened in the last year , which is total bull shit
     
  8. skookerasbil
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    skookerasbil Gold Member

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    Ummm............fAiL s0n................

    The article kinda spells it out............you fcukking dummy. ( see red highlight )

    Kinda stings to be the part of the political spectrum thats sinking like a stone in water, huh??!!:funnyface:
     
  9. Sinatra
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    Sinatra Senior Member

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    Anyone who attempts to defend Obama and the Democrat leadership's utter fiscal insanity is unworthy of the term unworthy.

    Stop breeding - dig a hole, and die...
     
  10. SFC Ollie
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    SFC Ollie Still Marching

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    Some of us have woken up and seen the need for fiscal conservatism. Others can't see it because their head is so far up Obamas ass.
     

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