Trillions In Perspective

Discussion in 'Economy' started by Annie, May 13, 2009.

  1. Annie
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    Annie Diamond Member

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    I've seen the graphic representations, heard about a million a day since Christ was born, but this one works for me:

    www.washingtonexaminer.com >> Politics >> - Obama’s dangerous budget leaves GOP at loss for words

     
  2. editec
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    editec Mr. Forgot-it-All

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    The BIG TRUTH can be as difficult to get one's head around as the BIG LIE.

    The BIG TRUTH, in this case, is that our government is spending (or guaranteeing to cover the toxic debts of banks) in amounts equal to something like the total GDP of the USA for a year.

    So I have to agree with the above...that people are having difficulty getting their heads around numbers so enormous.

    Remember, not so long ago, when a BILLION was THE big number?

    Well now, the big number is a TRILLION.

    This has really happened in just the last few years.

    When I was a kid, the BIG NUMBER was million!

    That means the BIG NUMBER, the number that impresses us, has grown from a $MILLION x a MILLION TIMES a $MILLION in just my ADULT lifetime.

    Mind bogglingly large numbers like this become so abstract that they cease to really register.
     
  3. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Fear not, Obama is the Messiah after all. The brain dead democrats like Jillian and her buddies here will likely IGNORE this thread or claim it is just wrong.

    Obama has PROMISED a miracle, what is everyone worried about? The democratic supporters have insisted trillions in deficit spending by Obama is fine cause, well he is spending it in the US. He has TRIPLED the Deficit but has promised to cut it in half in 4 years, assuming he does not INCREASE the deficit even more during the next 4 years his promise means that he will still have increased the deficit by 50 percent.

    Of course how he can NOT keep deficit spending when he is adding programs that cost billions and will grow each year not shrink, is an interesting question. One the Democrats just ignore, along with the Press. And of course how in 4 years after massive deficit spending he will be able to cut HALF the Federal Budget or more when the programs will NEED MORE not less money is an interesting question as well.

    Anyone that thinks MASSIVE tax increases are not just around the corner are fools indeed.
     
  4. DiamondDave
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    DiamondDave Army Vet

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    And THAT statement is a truth that should scare the crap out of people.. the amount they will have to increase on a majority of Americans to even come close to paying for what this asshole (and the asshole congress) is proposing

    But we know the uber-partisan obamabots like Chrissy, Bobo the assclown, and others will blindly follow like a newborn duckling
     
  5. Xenophon
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    Xenophon Gone and forgotten

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    The way BO biulds debt we will soon have to count it in googolplexes.
     
  6. editec
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    editec Mr. Forgot-it-All

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    Consider....

    If, as most of us believe, the trillions we are borrowing are REAL DEBT based on EXISTING MONEY, that means that somebody had that money to begin with.

    Ponder that fact for a moment.

    Now...where did they get it, exactly?
     
  7. RetiredGySgt
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    RetiredGySgt Platinum Member

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    It is not real since money is not based on anything anymore. Everyone's economy and money supply is based on accounting procedures and guesses.
     
  8. Annie
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    Annie Diamond Member

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    I don't think 'most of believe' it's existing money:

    The Stress Test Placebo | Green Business | Reuters

     
  9. Iriemon
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    Iriemon VIP Member

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    Good post.

    Too bad folks from the conservative side weren't posting these kinds of articles in 2001, when Bush and the Republicans passed tax cuts and wiped out the small surplus he had intereted.

    We wouldn't have the same concern today during a recessionif Bush had used that surplus and paid down the debt instead of growing it by $5 trillion.
     
    Last edited: May 13, 2009
  10. Old Rocks
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    Old Rocks Diamond Member

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    Well, we will see if President Obama can deliver.

    But let's put this in perspective. Bush started with a budget surplus, and a mild recession. He ended with a budget hundreds of billion in the red. And a major recession rapidly sliding into a depression. And two failed wars, one of them based on lies.

    Obama starts where Bush left off. Two failed wars to take care of, and the Second Great Republican Depression hanging over our heads. So President Obama is doing what he considers neccessary to save our economy.

    Will it work? Time will tell. If it does, President Obama will be a two term President for certain. If it does not, he will not, and the next President will have a full fledged Depression to deal with. Either way, you Conservatives are going to have some real problems in the near future.
     

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