Math Lesson for the Feeble Minded

Discussion in 'Politics' started by jwoodie, Jan 3, 2013.

  1. jwoodie
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    jwoodie Gold Member Supporting Member

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    At the end of Obama's second term, the U.S. National Debt will be $20 trillion. Annual interest on this debt will be:

    1% = $200 billion

    2% = $400 billion

    3% = $600 billion

    4% = $800 billion

    5% = $1 trillion (1/4 of federal budget)

    Do you think the rest of the world is going to loan us all the money we want at zero per cent interest forever? Where are U.S. businesses going to get loans for expansion if the federal government soaks up all available credit? When will this bubble burst?

    Are you Obama supporters OK with this? Do you even care? :confused:
     
  2. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    This is why the Fed has QE^Infinity and ZIRP as its key policy initiatives.
     
  3. Duped
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    Duped Senior Member Supporting Member

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    Liberals don't let facts permeate their ideology, but when money comes out of their pockets they turn violent!
     
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  4. eflatminor
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    eflatminor Classical Liberal

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    So? Fuck the future generations. Who cares about those yet to be born? We're ENTITLED to live this way.
     
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  5. blastoff
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    blastoff Undocumented Reg. User

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    Math Lesson for the Feeble Minded

    Attn.: Truthmatters (and others)...THIS MEANS YOU!!!
     
  6. g5000
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    g5000 Diamond Member

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    Yes, as we know, no Republican Congress or President has ever added to our national debt. It was all Democrats who got us here. Republicans are fiscal conservatives. Just ask them, and they will tell you.


    I don't know how I said that with a straight face. There should be an Emmy for internet posting.
     
  7. BlindBoo
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    BlindBoo Gold Member

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    Who was it that claimed deficits don't matter?

    Interest free? Hahahahaha.
     
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  8. PredFan
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    PredFan Gold Member

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    This is it, this is the left in a nutshell. An appropriate recepticle by the way.
     
  9. PredFan
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    PredFan Gold Member

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    No one has to claim it dumbass, they only need to act it.
     
  10. BlindBoo
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    BlindBoo Gold Member

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    Swing and a miss.

    "Reagan," Vice President Dick Cheney famously declared in 2002, "proved deficits don't matter." Unless, that is, a Democrat is in the White House. After all, while Ronald Reagan tripled the national debt and George W. Bush doubled it again, each Republican was rewarded with a second term in office. But as the Gallup polling data show, concern over the federal deficit hasn't been this high since Democratic budget balancer Bill Clinton was in office. All of which suggest the Republicans' born-again disdain for deficits ranks among the greatest - and most successful - political double-standards in recent memory.

    Reagan Proved Deficits Don't Matter* | Crooks and Liars
     

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