The $5,027,761,476,484.56 in additional debt that the U.S. government has taken on during the 39 months that Obama has been president is more debt than the federal government accumulated in the first 219 years of the Republic.
He'll just blame Bush like he always does, never takes any credit for his record accomplishments.
Philip, that graph came from the Obama Administration..... enough said.
Where is the 1 trillion alone they have spent on entitlements? Where is it mentioned they raised the debt ceiling and had us downgraded (for the first time in history)? I guess they forgot to mention that, also the fact that we are likely to be downgraded again. Keep in mind when we were downgraded the value of the dollar is much less as well.... thereby adding to the debt.... but they forgot to mention that also.
I admit at the end of the Bush era things weren't looking good, I have always thought that Bush spent way too much. But, Obama has repeatedly said there are no excuses and all he has done is given excuses. He has financially run this country into the ground and Obamacare isn't in full effect, when and if it does it will make his current debt look petty.
Liberals just don't want to admit they made a huge mistake by voting this clown into office. Like I said before, liberals are very generous with other people's money. If he is elected another term, he will hit overdrive with liberal generosity.
I keep telling all of you that it goes far beyond what your seeing, which is just smoke and mirrors. It might as well be WWF wrestling. The powers that be have gone on a full scale, wipe out the world type of event. There is no stopping them. I'll vote, as if it's going to mean one damn thing, but even if Mitt gets elected, things are not going to change. The plans are laid, they are being placed into effect and unless you have more money and power then they do, you might as well kiss your butts goodbye.
Success is a lousy teacher. It seduces people into thinking they can't lose. -Bill Gates
mnosteele52 wrote:Philip, that graph came from the Obama Administration..... enough said.
Where is the 1 trillion alone they have spent on entitlements? Where is it mentioned they raised the debt ceiling and had us downgraded (for the first time in history)? I guess they forgot to mention that, also the fact that we are likely to be downgraded again. Keep in mind when we were downgraded the value of the dollar is much less as well.... thereby adding to the debt.... but they forgot to mention that also.
I admit at the end of the Bush era things weren't looking good, I have always thought that Bush spent way too much. But, Obama has repeatedly said there are no excuses and all he has done is given excuses. He has financially run this country into the ground and Obamacare isn't in full effect, when and if it does it will make his current debt look petty.
Our debt is in dollars. A devaluation does not worsen what we owe. In fact, the QE program vexed entities who held American bonds.
Hell_Yes
Luck is where preparation meets opportunity - Seneca
"Anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that 'my ignorance is just as good as your knowledge.'" - Isaac Asimov
It is my ambition to say in ten sentences what others say in a whole book. - Friedrich Nietzsche
David wrote:A devaluation does not worsen what we owe.
In essence it does. For example, say we owe China 50 million, well that loan amount doesn't change. But now that the dollar is worth less all of our other expenses are making us spend more to maintain things, since the each dollar won't buy as much we then have less money to pay our debt back with.
Flora62 wrote:[img]http://www.info***.info/avatar2.jpg[/img]The question is can Romney take advantage of what should be a strong advantage economically.
