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A large part of the increase in debt is structural - entitlement and public employee comp & benefit increases that are on auto-pilot. Both parties are to blame for this - it's a Bi-Partisan "accomplishment". The current crisis in Greece is a warning we should take seriously about financing spending with massive amounts of sovereign debt. Better to restructure now while we still have some time.
In the 8 years Bush was in office, the debt rose about 4.5 trillion.
I thought THAT was insane.
Obama's working on presiding over that in less than 2.
the national debt more than DOUBLED, it went from $5.6 trillion to $11.7 trillion...(8 bush fiscal years)
In the 8 years Bush was in office, the debt rose about 4.5 trillion.
I thought THAT was insane.
Obama's working on presiding over that in less than 2.
the national debt more than DOUBLED, it went from $5.6 trillion to $11.7 trillion...(8 bush fiscal years)
Bush term ended with $10.7 trillion not $11.7 trillion. Obama has added $2 Trillion in 1.25 years. 4 times the rate of Bush.
In the 8 years Bush was in office, the debt rose about 4.5 trillion.
I thought THAT was insane.
Obama's working on presiding over that in less than 2.
the national debt more than DOUBLED, it went from $5.6 trillion to $11.7 trillion...(8 bush fiscal years)
In the 8 years Bush was in office, the debt rose about 4.5 trillion.
I thought THAT was insane.
Obama's working on presiding over that in less than 2.
the national debt more than DOUBLED, it went from $5.6 trillion to $11.7 trillion...(8 bush fiscal years)
Bush term ended with $10.7 trillion not $11.7 trillion. Obama has added $2 Trillion in 1.25 years. 4 times the rate of Bush.
the national debt more than DOUBLED, it went from $5.6 trillion to $11.7 trillion...(8 bush fiscal years)
Bush term ended with $10.7 trillion not $11.7 trillion. Obama has added $2 Trillion in 1.25 years. 4 times the rate of Bush.
here is the gvt link with precise numbers for the 8 fiscal years....
from $5.8 trillion to $11.9 trillion
Government - Debt to the Penny (Daily History Search Application)
As Buffet pointed out, he pays at the rate of 17%, while his receptionist pays over 30%.
As Buffet pointed out, he pays at the rate of 17%, while his receptionist pays over 30%.
Most of Buffett's wealth is shielded in trusts. Of course he can make the magnanimous gesture of paying more taxes on some income - it's a knit for him, but will damage the middle in urban areas. $250K for a two income family in the Bay Area is a cop and an accountant living in 3 or 4 bedroom, 2 bath tract home.
As Buffet pointed out, he pays at the rate of 17%, while his receptionist pays over 30%.
Most of Buffett's wealth is shielded in trusts. Of course he can make the magnanimous gesture of paying more taxes on some income - it's a knit for him, but will damage the middle in urban areas. $250K for a two income family in the Bay Area is a cop and an accountant living in 3 or 4 bedroom, 2 bath tract home.
A cop and an accountant couple here would suck in about 75K.
Most of Buffett's wealth is shielded in trusts. Of course he can make the magnanimous gesture of paying more taxes on some income - it's a knit for him, but will damage the middle in urban areas. $250K for a two income family in the Bay Area is a cop and an accountant living in 3 or 4 bedroom, 2 bath tract home.
A cop and an accountant couple here would suck in about 75K.
I bet the median house price in your area is not $600K and in a lousy school district so that the parents send their kids to private school.
National Debt on 01/20/2009 the day Obama was sworn into office was $10,626,877,048,913.08
Source www.treasurydirect.gov The Daily History of the Debt Results - Debt to the Penny
Obama has added $2 Trillion in 1 year. That is 4 times the rate of Bush.
National Debt on 01/20/2009 the day Obama was sworn into office was $10,626,877,048,913.08
Source www.treasurydirect.gov The Daily History of the Debt Results - Debt to the Penny
Obama has added $2 Trillion in 1 year. That is 4 times the rate of Bush.
And we ran on Bush's budget for about a year after that.
Tarp was also approved before Obama was sworn in.
National Debt on 01/20/2009 the day Obama was sworn into office was $10,626,877,048,913.08
Source www.treasurydirect.gov The Daily History of the Debt Results - Debt to the Penny
Obama has added $2 Trillion in 1 year. That is 4 times the rate of Bush.
And we ran on Bush's budget for about a year after that.
Tarp was also approved before Obama was sworn in.
Budget passed by a Democrat congress exploded deficits for 2 years prior to Bush leaving. The congress that just keeps on giving.
Naah in my county 600K will get you a nice little house and barn and maybe 100 acres with a pond with fish in it.
In my opinion some places are not worth living in for the rat race. You really gain nothing in the end.
Naah in my county 600K will get you a nice little house and barn and maybe 100 acres with a pond with fish in it.
In my opinion some places are not worth living in for the rat race. You really gain nothing in the end.
That all depends upon what one's preferences are.
The weather here is the best in the country, imho - and I enjoy the variety of urban living.
Naah in my county 600K will get you a nice little house and barn and maybe 100 acres with a pond with fish in it.
In my opinion some places are not worth living in for the rat race. You really gain nothing in the end.
That all depends upon what one's preferences are.
The weather here is the best in the country, imho - and I enjoy the variety of urban living.
