Obama: There Is No Debt Crisis - Page 2 - TigerDroppings.com

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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
22608 posts
 Online 

re: Obama: There Is No Debt Crisis


quote:

We have not had drop in tax revenues to the tune of a trillion dollars a year or anywhere near that.
Indeed. Receipts in billions, current dollars:

2000 - 2,025.2
2001 - 1,991.1
2002 - 1,853.1
2003 - 1,782.3
2004 - 1,880.1
2005 - 2,153.6
2006 - 2,406.9
2007 - 2,568.0
2008 - 2,524.0
2009 - 2,105.0
2010 - 2,162.7
2011 - 2,303.5

LINK






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doubleb
LSU Fan
Baton Rouge
Member since Aug 2006
6380 posts
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re: Obama: There Is No Debt Crisis


The fact was that deficit spending in the Bush administration was an issue in the 2008 election, and if memory serves didn't Obama make certain campaign promises to cut the deficit, etc.?







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Grizzly
Southern Cal Fan
Member since Oct 2012
1776 posts

re: Obama: There Is No Debt Crisis


I haven't read this whole thread. Anyone on the left still making excuses for this president? Are they still blaming others like their president does? If he was a conservative president I would be the first to call for his removal. He is by far the worst president of my lifetime. Jimmy Carter can now step down from that pedestal.





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llfshoals
Alabama Fan
Member since Nov 2010
1399 posts

re: Obama: There Is No Debt Crisis


Promised to cut it in half.

I guess we should have checked to see if he actually knows basic math.

1000 * 1/2 = 500

1000 / 1 * 2 = 2000

Maybe he just made a typo







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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
24204 posts

re: Obama: There Is No Debt Crisis


quote:

borrowing more money to payback money you owe is NOT sustainable. Its a giant ponzi scheme that will eventually collapse.


However the difference between this Ponzi scheme and other Ponzi schemes is the ability to print money. That's what the federal government relies on, ole Ben.






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klrstix
LSU Fan
Shreveport, LA
Member since Oct 2006
715 posts

re: Obama: There Is No Debt Crisis


quote:

It's like the breaks have gone out going downhill but you still have a couple of miles to go before you reach the bottom of the hill. Yea, it's not an immediate crisis but without some kind of change in course the end will not be pretty.


The only flaw with this analogy is it does not take into account the car is gaining speed as it travels downhill...






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AllBamaDoesIsWin
Alabama Fan
@AllBamaDoesIsWi
Member since Dec 2011
20224 posts

re: Obama: There Is No Debt Crisis


quote:

If they are raising taxes today and cutting spending tomorrow; it's never going to happen. Thye last decade tells me that.


I don't even see how he thinks raising taxes is the right thing to do. You have to have the citizens bringing in more money so they can put it back into the economy.






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MJM
LSU Fan
Member since Aug 2007
1725 posts

re: Obama: There Is No Debt Crisis


Well, looks like both Boehner and Paul Ryan agree with the President that we don't have a "immediate debt crisis"

quote:

Boehner’s remark that there is no present debt crisis echoed President Obama, who told ABC News last week, “We don’t have an immediate crisis in terms of debt,”


quote:

“We do not have a debt crisis right now, but we see it coming,” Ryan said on CBS News’s “Face The Nation.”

LINK






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Tiguar
South Alabama Fan
Mobile
Member since Mar 2012
6519 posts

re: Obama: There Is No Debt Crisis


Boehner is a sack of shite. I haven't seen enough of Ryan to form an opinion yet but so far I don't like what I see.





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UncleFestersLegs
Columbia MO
Member since Nov 2010
1302 posts
 Online 

re: Obama: There Is No Debt Crisis


Disillusionment is such a sad but necessary step to awaken one from the false left/right paradigm.







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AUsteriskPride
Auburn Fan
Hunstville, AL
Member since Feb 2011
11448 posts

re: Obama: There Is No Debt Crisis


quote:

CaptainBrannigan


I can link countless clips of various senators/talking heads discussing the national debt issue WELL before 2008..



This post was edited on 3/18 at 11:29 am


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RedStickBR
LSU Fan
Member since Sep 2009
10020 posts

re: Obama: There Is No Debt Crisis


It really doesn't matter what Obama thinks.

The people want something done about it.






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a want
LSU Fan
North America
Member since Oct 2010
9658 posts

re: Obama: There Is No Debt Crisis


quote:

It really doesn't matter what Obama thinks.


But John Boehner and Paul Ryan agree.






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Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
16531 posts

re: Obama: There Is No Debt Crisis


quote:

But John Boehner and Paul Ryan agree


So fricking what.






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RedStickBR
LSU Fan
Member since Sep 2009
10020 posts

re: Obama: There Is No Debt Crisis


quote:

But John Boehner and Paul Ryan agree.


That's beside the point.

The point is the people want something done about it, and though Ryan may agree it's not yet to the level of "crisis," he's willing to do something about it.

Boehner is just as bad as Obama.






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a want
LSU Fan
North America
Member since Oct 2010
9658 posts

re: Obama: There Is No Debt Crisis


quote:

Ryan may agree it's not yet to the level of "crisis," he's willing to do something about it.


That rhetoric doesn't match his previous "end of the world" rhetoric when it comes to debt.

Hell, I think our debt/deficit is a big deal. I don't agree with any of them. I'm just pointing out how truly horrible the current crop of republicans is. How much credibility do they have now?






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constant cough
LSU Fan
Lafayette
Member since Jun 2007
36568 posts
 Online 

re: Obama: There Is No Debt Crisis


quote:

We don’t have an immediate crisis in terms of debt,” President Obama said in an exclusive interview with George Stephanopoulos for “Good Morning America.” “In fact, for the next 10 years, it’s gonna be in a sustainable place.”









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RedStickBR
LSU Fan
Member since Sep 2009
10020 posts

re: Obama: There Is No Debt Crisis


Who are you including in "current crop of Republicans?"

Not Boehner I hope.

And I think Paul Ryan is showing positions can change when you're really trying to work across the aisle. Him slashing defense to levels lower than where even he and Romney had them just a few short months ago is another prime example.

Obama has shown very little interest in compromising and Ryan's budget should put Senate Democrats in an awkward place.






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a want
LSU Fan
North America
Member since Oct 2010
9658 posts

re: Obama: There Is No Debt Crisis


quote:

Obama has shown very little interest in compromising and Ryan's budget should put Senate Democrats in an awkward place.

I agree with you there. "Balanced approach" seems to have vanished from Obama's vocabulary.






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Draconian Sanctions
LSU Fan
2011 SECr Hall of Flame Inductee
Member since Oct 2008
41261 posts

re: Obama: There Is No Debt Crisis


I'm liberal and voted for Obama twice but this is silly. He talked a lot about doing something about the debt on the campaign trail. It's not really his fault per se because most people claim they want to deal with this issue but as soon as you mess with whatever special interest they support they scream bloody murder. So for me this is an American People problem more than anything, but to come out and say this is just stupid.





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