Obama '08?

@mysteryman,

mm wrote:

Quote:

Yes, its true that under Obama it will skyrocket ...

You still didn't answer my questions: a) what level of debt is too high, and b) what is Obama's debt vs Bush's debt?

(Just as a total aside, we should note that the White House official (Caldera?), who took responsibility for the really, really nifty idea of flying a 747 down the Hudson tailed by a fighter jet at low altitudes, fell on his sword and resigned today).

2 Replies

@realjohnboy,

rumour has it that Cheney may tire of being VP and fall on his shotgun.

1 Reply

@realjohnboy,

Well it was a really stupid thing to do, but I chalked it up to a very expensive lapse in judgment, but not one that rises to the level of a resignation. I say that mostly because I don't think he had the power all by himself to authorize all that to happen. We have people in government who do more stupid and expensive stuff than that who aren't required to be the company goat. Now if the offense was repeated....yeah.....

1 Reply

@dyslexia,

I prefer to witness Cheney getting water-boarded.

1 Reply

@cicerone imposter,

You didnt ask me those questions, so I didnt answer them.

But if you insist...

Quote:

The Outstanding Public Debt as of 08 May 2009 at 11:06:04 PM GMT is:
$11,260,273,077,548.83

http://www.brillig.com/debt_clock/

And on Jan 19, 2009 it was 8.99 trillion dollars.
That was the last day of the Bush admin.

So it has gone UP almost 3 trillion since Obama took office.

And ANY debt is to high.

3 Replies

@cicerone imposter,

So you support "torture"?
After all, you claim its torture.

0 Replies

@Foxfyre,

What you say, Fox, is true. I suspect that Mr Caldera had little, if any, involvement in planning this stunt. But it was so incredibly stupid; so silly unless you happened to be in NYC that day with 9/11 etched in your head.
This guy had a long record of service (I believe he was Secretary of the Army). Sad.

0 Replies

@mysteryman,

mm, You're still missing some important issues like the wars in Iraq and Afghanistan are Bush creations that's costing billions every week. Some estimates provided for the war in Iraq is $10 billion every month; for five months into this year, that's $50 billion to date with more to come.

There are other Bush created costs that are still on-going you haven't figured into the federal deficit. How much would you say those costs are?

Also, don't forget, the current budget is still Bush's approved last year for this fiscal year.

1 Reply

@cicerone imposter,

And yet Obama is asking for MORE money for both Iraq and Afghanistan.
And he is sending 21,000 more troops to Afghanistan.

If he was truly concerned about the costs, he could end both wars tomorrow, with the stroke of a pen.
Why hasnt he?

Quote:

There are other Bush created costs that are still on-going you haven't figured into the federal deficit. How much would you say those costs are?

I dont know, and neither do you (IF you are telling the truth).

But either way, you cannot deny that the deficit has gone UP so far under Obama.

1 Reply

@mysteryman,

mm, You guys blame everything on Obama when Bush was the guy who created all the problems for the present administration. Your blindness only shows your ignorance of the whys and why-nots of why Obama has increased troops to Afghanistan, and reduced them in Iraq.

Not many people/Americans wanted our military to leave Iraq quickly; only imbeciles did. It's because they never understood the reasons behind it.

1 Reply

@cicerone imposter,

And if you had actually READ what I wrote, you would have seen that I did NOT blame Obama for the deficit that occurred before he became POTUS.
And I have not blamed Obama for the deficit caused by the last year of a Bush bedget.

I do blame Obama for any rise in the deficit caused by his various bail-outs and stimulus bills.
You cannot blame Bush for that, because he isnt POTUS now.

And I am still curious when you changed your position and actually approved of and supported torture?

1 Reply

Your request, CI, about the National Debt level was originally directed to H2O, not MM. H2O never sources; MM does.
Here are some numbers about the Federal National Debt (source: OMB):
FEDERAL DEBT AS A % OF GDP - 1980/2007...
Reagan (on entering office: 31%); (on leaving office: 52%)
Bush 41 (54%, 56%)
Clinton (62%, 58%)
Bush 43 (58%, 70%)

1 Reply

@mysteryman,

The bailout and stimulus bills at least attempts to help Americans at home; what part of the Bush deficit did that?

BTW, I'll have to repeat again that I don't agree with everything Obama is doing to increase all those social programs that can wait until tax revenue begins to fund them in part or whole.

Also, not all of the bailouts are lost money; banks are required to pay them back with interest. No developed economy can survive without a banking system.

0 Replies

@mysteryman,

mysteryman wrote:

You didnt ask me those questions, so I didnt answer them.

But if you insist...

Quote:
The Outstanding Public Debt as of 08 May 2009 at 11:06:04 PM GMT is:
$11,260,273,077,548.83

http://www.brillig.com/debt_clock/

And on Jan 19, 2009 it was 8.99 trillion dollars.
That was the last day of the Bush admin.

So it has gone UP almost 3 trillion since Obama took office.

And ANY debt is to high.

I never claimed to be much of a mathematician, but if the debt has increased by almost $3 trillion in the first 100 days, and if it should continue to increase at that rate for the rest of this year, wouldn't that double the national debt in the first year of President Obama's first term?

It probably will begin to slow down a bit as the economy picks up and no new massive bailout bills are passed, but is that just a little bit alarming nevertheless to anybody but me?

1 Reply

@realjohnboy,

realjohnboy wrote:

Your request CI, about the National Debt level was originally directed to H2O, not MM. H2O never sources; MM does.
Here are some numbers about the Federal National Debt (source: OMB):
FEDERAL DEBT AS A % OF GDP - 1980/2007...
Reagan (on entering office: 31%); (on leaving office: 52%)
Bush 41 (54%, 56%)
Clinton (62%, 58%)
Bush 43 (58%, 70%)

needs repeating. Hoping facts dont upset MM, I know they don't bother waterboy.

1 Reply

@Foxfyre,

Yeah, you're forgetting who created this economic crisis that requires bank bailouts.

1 Reply

@cicerone imposter,

Which was, of course, the US voter.

0 Replies

@dyslexia,

Hmmm how did Clinton start out at 62% when Bush 41 ended at 56%???????? What happened between the last day of Bush 41's term of office and inaugeration day?

2 Replies

@Foxfyre,

I wondered about the same thing, Foxfyre. I will have to go back to the OMB site to see if I got something wrong. I can understand a small difference due to the timing of inauguration and the end of the fiscal year. But that seems excessive. Thank you for looking at my post that closely.

1 Reply

Related Topics

Quick Links

My Account

able2know