What caused the national debt?

[Jarhead]

Sweden has one of the fast growing economies in the world.
Gaze upon the horrible face of socialism....

it took them 900 years to acheive it.

We have been one of the strongest economies for years...taking a mere 200 years to acheive it.

So we hit a bump in the road. Shit happens and you learn from it.

Are you one to say "cancel air flight becuase of one plane accident"?

"who cares how well we were doing.....it broke so lets dismantle it and try something different"

Me? I say "dont make major changes, just learn from the accident and make minor changes to make sure it doesnt happen again"

Or we can find a "new way" and let it take 900 years to develop.

I'm confused...are you blaming Sweden for not having an industrial revolution and computer age in the 1100-1200s? And are you also suggesting that Sweden has been socialist since then also? For some reason I thought Sweden was a monarchy until 1866, and only adopted a social democratic economy in 1935. I guess 2011 - 1935 = 900 years, weird math.

Yes...you are confused.
You assumed way too much of what I was saying.

So I will say it again this way....

It has taken Sweden the better part of 900 years to get to where it is today. Through different political scenarios....trial and error....ups and downs...they think they may now have it right. Maybe they do and maybe they dont.

In less than 200 years, we did not have to change our political scenarios to get to where we are today. We have prospered more than we have stagnated and we are learning as we go. As we did in the 30'-40's, we have hit a bump in the raod. We will learn from it and move forward.

As for the weird math.....yours is what is weird...you have somehow changed the date as to when Sweden was first founded.
I am sure the people of 900 years ago would have an issue with that.

 

[Si modo]

The Obama administration has slated expenditures that are record-breaking.

Just saying.

George Bush Jr. has been slated for gender-reassignment.

Just saying.

And, that has what to do with the debt?

What an idiot you are.

Obama is outspending anyone...by a light year.

 

[rightwinger]

The Obama administration has slated expenditures that are record-breaking.

Just saying.

George Bush Jr. has been slated for gender-reassignment.

Just saying.

And, that has what to do with the debt?

What an idiot you are.

Obama is outspending anyone...by a light year.

What did he spend on? How much?

 

[Si modo]

George Bush Jr. has been slated for gender-reassignment.

Just saying.

And, that has what to do with the debt?

What an idiot you are.

Obama is outspending anyone...by a light year.

What did he spend on? How much?

Is graph reading challenging you?

 

[LordBrownTrout]

Sweden has one of the fast growing economies in the world.

Gaze upon the horrible face of socialism....

Ah yes, trying to entice, goad, and coax us into a loving embrace of socialism through the utilization of barely legal Swedish broads. I am confident that you will never understand how independence and individualism made this country great. Collectivism is a nice little bouquet that govt hatched.

 

[The Rabbi]

Sweden has one of the fast growing economies in the world.
Gaze upon the horrible face of socialism....

it took them 900 years to acheive it.

We have been one of the strongest economies for years...taking a mere 200 years to acheive it.

So we hit a bump in the road. Shit happens and you learn from it.

Are you one to say "cancel air flight becuase of one plane accident"?

"who cares how well we were doing.....it broke so lets dismantle it and try something different"

Me? I say "dont make major changes, just learn from the accident and make minor changes to make sure it doesnt happen again"

Or we can find a "new way" and let it take 900 years to develop.

I'm confused...are you blaming Sweden for not having an industrial revolution and computer age in the 1100-1200s? And are you also suggesting that Sweden has been socialist since then also? For some reason I thought Sweden was a monarchy until 1866, and only adopted a social democratic economy in 1935. I guess 2011 - 1935 = 900 years, weird math.

The top 10 companies in Sweden were all founded prior to 1918. In the US it's probably 2. They instituted market reforms about 10 years ago.
Otherwise it is a socialist hell hole with a burgeoning Muslim population that foments terrorism.

 

[Middleoftheroad]

it took them 900 years to acheive it.

We have been one of the strongest economies for years...taking a mere 200 years to acheive it.

So we hit a bump in the road. Shit happens and you learn from it.

Are you one to say "cancel air flight becuase of one plane accident"?

"who cares how well we were doing.....it broke so lets dismantle it and try something different"

Me? I say "dont make major changes, just learn from the accident and make minor changes to make sure it doesnt happen again"

Or we can find a "new way" and let it take 900 years to develop.

I'm confused...are you blaming Sweden for not having an industrial revolution and computer age in the 1100-1200s? And are you also suggesting that Sweden has been socialist since then also? For some reason I thought Sweden was a monarchy until 1866, and only adopted a social democratic economy in 1935. I guess 2011 - 1935 = 900 years, weird math.

The top 10 companies in Sweden were all founded prior to 1918. In the US it's probably 2. They instituted market reforms about 10 years ago.
Otherwise it is a socialist hell hole with a burgeoning Muslim population that foments terrorism.

Largest companies in Sweden (as of 2008)
Nordea - founded 2000
Volvo - 1927
Erickson - 1876
ToliaSonera - 2003

United States (as of 2010)
exxon mobile - 1870
apple - 1976
berkshire hathaway - 1889
microsoft - 1975
chevron - 1879
GE - 1892
IBM - 1910
Google -1998
JP Morgan - 1823
Wal-mart - 1962

Your wrong on both measures. And way wrong when you guessed that only 2 of the top 10 companies in America had been around since 1918, it turns out to be 6
sources:
List of the largest Nordic companies - Wikipedia, the free encyclopedia
Top 10 Largest U.S. Companies (SLIDESHOW) - International Business Times

 

[driveby]

how anyone can be so brain twisted as to pretend this whole mess was not nudged along by the Bush policies is beyond the pale.


No wonder this country is so screwed up.

Which administration has spent a higher percentage of GDP? Bush or Obama?...

 

[Kiki Cannoli]

I thought (honestly looking to understand and to lazy to google) that the outgoing administration put the economic plan in place which rides two years into the incoming administration.

 

[Toddsterpatriot]

I thought (honestly looking to understand and to lazy to google) that the outgoing administration put the economic plan in place which rides two years into the incoming administration.

When the incoming President claims he can stop the oceans from rising, fixing the economy should be a piece of cake.
Especially when he spends $800 billion on a stimulus package.
So what went wrong?

 

[Kiki Cannoli]

I thought (honestly looking to understand and to lazy to google) that the outgoing administration put the economic plan in place which rides two years into the incoming administration.

When the incoming President claims he can stop the oceans from rising, fixing the economy should be a piece of cake.
Especially when he spends $800 billion on a stimulus package.
So what went wrong?

Aren't they held to policies setforth before entering? I guess the whole concept that change is immediate is foreign to me. Speaking from large corporate experience, developing, implementing, refining and measuring a standard SOP takes months if not years to achieve results. I can't imagine how difficult it is to change a single policy in the USA nevermind reverse the trend of diminishing economy.

 

[Toddsterpatriot]

I thought (honestly looking to understand and to lazy to google) that the outgoing administration put the economic plan in place which rides two years into the incoming administration.

When the incoming President claims he can stop the oceans from rising, fixing the economy should be a piece of cake.
Especially when he spends $800 billion on a stimulus package.
So what went wrong?

Aren't they held to policies setforth before entering? I guess the whole concept that change is immediate is foreign to me. Speaking from large corporate experience, developing, implementing, refining and measuring a standard SOP takes months if not years to achieve results. I can't imagine how difficult it is to change a single policy in the USA nevermind reverse the trend of diminishing economy.

Congress cannot be bound by a previous Congress. So if Obama wanted to change or add a law, he just needs to get a bill thru Congress.
His "stimulus" bill wasn't included in the last Bush budget, but that didn't stop him from wasting all that money.

 

[hellofromwarsaw]

90% Reagan, Booosh, stupid unpaid wars and and pill plan, and lately fixing the Neocon Depression, aginst their fear mongering and obstruction...now in a moronic crescendo....

 

[Neotrotsky]

how anyone can be so brain twisted as to pretend this whole mess was not nudged along by the Bush policies is beyond the pale.


No wonder this country is so screwed up.

Which administration has spent a higher percentage of GDP? Bush or Obama?...

Easy

Papa Obama

Debt as a percentage of GDP:
George W. Bush: Up 5.6 percentage points
Obama: Up 21.9 percentage points (through December 2010 only)

 

[Neotrotsky]

I thought (honestly looking to understand and to lazy to google) that the outgoing administration put the economic plan in place which rides two years into the incoming administration.

When the incoming President claims he can stop the oceans from rising, fixing the economy should be a piece of cake.
Especially when he spends $800 billion on a stimulus package.
So what went wrong?

Kiki pulled this out of their arse or got it off some nut left wing source

Congress passes the budget and it was both houses Democrat under Bush

The last budget Bush submitted was with a $400 billion dollars deficit
8 months of a fiscal year go into a New President's first calender year

The Pork Bill was passed in 09 (787 billion) and was never part of the Bush fiscal year and additional money passed in Feb of 09 by Congress for 410 billion, as well.

 

[Neotrotsky]

I thought (honestly looking to understand and to lazy to google) that the outgoing administration put the economic plan in place which rides two years into the incoming administration.

When the incoming President claims he can stop the oceans from rising, fixing the economy should be a piece of cake.
Especially when he spends $800 billion on a stimulus package.
So what went wrong?

Aren't they held to policies setforth before entering? I guess the whole concept that change is immediate is foreign to me. Speaking from large corporate experience, developing, implementing, refining and measuring a standard SOP takes months if not years to achieve results. I can't imagine how difficult it is to change a single policy in the USA nevermind reverse the trend of diminishing economy.

Well Bush had 911, recession and he did it quicker, faster and it cost less

 

[Kiki Cannoli]

I thought (honestly looking to understand and to lazy to google) that the outgoing administration put the economic plan in place which rides two years into the incoming administration.

When the incoming President claims he can stop the oceans from rising, fixing the economy should be a piece of cake.
Especially when he spends $800 billion on a stimulus package.
So what went wrong?

Kiki pulled this out of their arse or got it off some nut left wing source
Congress passes the budget and it was both houses Democrat under Bush

The last budget Bush submitted was with a $400 billion dollars deficit
8 months of a fiscal year go into a New President's first calender year

The Pork Bill was passed in 09 (787 billion) and was never part of the Bush fiscal year and additional money passed in Feb of 09 by Congress for 410 billion, as well.

That really isn't true. I asked a quesition. Not every poster has an alternative motive.

 

[Neotrotsky]

When the incoming President claims he can stop the oceans from rising, fixing the economy should be a piece of cake.
Especially when he spends $800 billion on a stimulus package.
So what went wrong?

Kiki pulled this out of their arse or got it off some nut left wing source
Congress passes the budget and it was both houses Democrat under Bush

The last budget Bush submitted was with a $400 billion dollars deficit
8 months of a fiscal year go into a New President's first calender year

The Pork Bill was passed in 09 (787 billion) and was never part of the Bush fiscal year and additional money passed in Feb of 09 by Congress for 410 billion, as well.

That really isn't true. I asked a quesition. Not every poster has an alternative motive.

Take it easy, all right
if just a question
I take back the arse comment

 

[flacaltenn]

What happened was that Congress was STEALING $80 to $150Bil per year from Excess profits on payroll taxes (SocSec, Med, ect) for a couple decades. THEN -- the recession hit and the baby boomers started retire at a couple thousand per hour.. In 2010 -- Soc Sec went negative (Reciepts - Payments) = < Zero. NOW there is a $45Bill shortfall.. That's a budget diff of about $140Bil/yr RIGHT THERE!! Certainly almost the equivalent of the yearly Iraq budget under Bush..

Wake up ... The crisis we knew was coming is 6 or 8 years EARLY!!!!

And the next crisis to hit is gonna be the totally farked state employees pension funds. That ought to hit the evening news round about election time.. Yeah - us smallish govt types are just trying to scare folks. Everything is FINE...

You got to be a total moron to WANT to volunteer for Prez in 2012.. That poor jerk is gonna be presiding over a total garbage pile slide ala Idiocracy (the movie)...

 

[flacaltenn]

Campaign 2012 -- I think that's the Palin bus ain't it??