Who and what is to blame for the debt crisis

Discussion in 'Politics' started by Billy000, Dec 23, 2011.

  1. Billy000
    Offline

    Billy000 Democratic Socialist

    Joined:
    Nov 10, 2011
    Messages:
    11,203
    Thanks Received:
    1,251
    Trophy Points:
    275
    Location:
    Colorado
    Ratings:
    +4,334
    While it is true that Obama largely contributed, it really was Bush that exploded the debt in the first place.


    The Truth About Who's Responsible For Our Massive Budget Deficit - Business Insider



    Here are some good highlight from the article:

    Ya, see? Paying taxes is good.

    Here is the meat of the article when it comes to who is to blame.

     
    • Thank You! Thank You! x 1
    Last edited: Dec 23, 2011
  2. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    More proof that, the claim of your avatar notwithstanding, you haven't a single critical thought in your fucking hack pin head.

    [​IMG]
     
    • Thank You! Thank You! x 1
  3. Luddly Neddite
    Offline

    Luddly Neddite Diamond Member

    Joined:
    Sep 14, 2011
    Messages:
    53,216
    Thanks Received:
    8,455
    Trophy Points:
    2,040
    Ratings:
    +20,829
    The Reagan-Bush Debt is how much of the national debt of the United States is attributable to the presidencies of Ronald Reagan, George H. W. Bush, George W. Bush, and
    the Republican fiscal policy of Borrow-And-Spend.

    As of Friday, December 16, 2011 at 2:32:01PM CT,

    The Current ReaganBush Debt is:
    $14,169,002,968,508.90
    which means that in a total of 20 years,
    these three presidents have led to the creation of
    93.81%
    of the entire national debt
    in only 8.5106% of the 235 years of the existence of the United States of America.

    ReaganBushDebt.org
     
  4. Billy000
    Offline

    Billy000 Democratic Socialist

    Joined:
    Nov 10, 2011
    Messages:
    11,203
    Thanks Received:
    1,251
    Trophy Points:
    275
    Location:
    Colorado
    Ratings:
    +4,334
    I don't think it's fair to say that Obama did not contribute.
     
  5. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    Too much debt is accrued by too much spending...Something that both remocrats and depublicans love to do.

    But let's not such facts get in the way of a goode ole leftloon circle jerk.
     
  6. Listening
    Offline

    Listening Gold Member

    Joined:
    Aug 27, 2011
    Messages:
    14,989
    Thanks Received:
    1,641
    Trophy Points:
    260
    Ratings:
    +2,044
    Notice how the democrats on the supercommittee were ALL ABOUT cutting spending ?

    Yeah...ow wait....no.

    They were all about protecting entitlements.

    I'll raise taxes on the rich. 1 dollar of tax for every three we cut in spending.
     
  7. Mr. Shaman
    Offline

    Mr. Shaman Senior Member

    Joined:
    May 4, 2010
    Messages:
    23,892
    Thanks Received:
    817
    Trophy Points:
    48
    Ratings:
    +819
    [​IMG]
     
  8. Mr. Shaman
    Offline

    Mr. Shaman Senior Member

    Joined:
    May 4, 2010
    Messages:
    23,892
    Thanks Received:
    817
    Trophy Points:
    48
    Ratings:
    +819
    [​IMG]
     
  9. Toddsterpatriot
    Offline

    Toddsterpatriot Gold Member

    Joined:
    May 3, 2011
    Messages:
    26,139
    Thanks Received:
    3,654
    Trophy Points:
    280
    Location:
    Chicago
    Ratings:
    +10,067
    Politicians who spend too much.

    Entitlement programs passed by politicians who couldn't add or subtract themselves out of a wet paperbag.
     
  10. Mr. Shaman
    Offline

    Mr. Shaman Senior Member

    Joined:
    May 4, 2010
    Messages:
    23,892
    Thanks Received:
    817
    Trophy Points:
    48
    Ratings:
    +819
    If Obama doesn't (start) paying-off Lil' Dumbya's credit-card balance (to China).....who's GOING-to??

    :eusa_whistle:
     

Share This Page