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Obama hates govt spending?? WTF?

Posted on 8/5/14 at 10:15 am
Posted by Zach
Gizmonic Institute
Member since May 2005
112413 posts
Posted on 8/5/14 at 10:15 am
I just saw a clip on TV of Obama giving a speech to a crowd yesterday. He was ranting and raving about out of control govt spending. I got really dizzy and light headed. I think I was experiencing cognitive dissonance. Can someone explain it to me?
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73424 posts
Posted on 8/5/14 at 10:17 am to
Yeah the big O is really hatin all that spending.
The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.

That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation's existence--from 1776 through 2003.

Posted by Fusaichi Pegasus
Meh He Co
Member since Oct 2010
14564 posts
Posted on 8/5/14 at 10:17 am to

:thatsthejoke:
Posted by i am dan
NC
Member since Aug 2011
24694 posts
Posted on 8/5/14 at 10:44 am to
quote:

That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation's existence--from 1776 through 2003.


Not to play to his defense, because yes, he has increased our debt far more than any other. But I could buy a brand new porshe for around $5,000 in the 70's. Money aint what it used to be. So saying $7T now versus $7T in 1950 is quite different.

Hell, the next president may increase it $20T...
This post was edited on 8/5/14 at 10:45 am
Posted by Zach
Gizmonic Institute
Member since May 2005
112413 posts
Posted on 8/5/14 at 10:48 am to
quote:

Hell, the next president may increase it $20T...


If the next president is Pocahontas, then yes.
Posted by HonoraryCoonass
Member since Jan 2005
18054 posts
Posted on 8/5/14 at 10:49 am to
quote:

Money aint what it used to be. So saying $7T now versus $7T in 1950 is quite different.


This also can be said for tax dollars collected by the treasury.
Posted by i am dan
NC
Member since Aug 2011
24694 posts
Posted on 8/5/14 at 10:57 am to
quote:

This also can be said for tax dollars collected by the treasury.


True, but it seems each new president increases the debt a bit more than the last. Didn't Bush increase it more than the other presidents as well? It'll be hard to top Obama, but I'm sure Washington will find a way.

quote:

This also can be said for tax dollars collected by the treasury.


One thing that can be said about the tax pool is that it is the only thing shrinking when it comes to our federal govt.
This post was edited on 8/5/14 at 10:58 am
Posted by Zach
Gizmonic Institute
Member since May 2005
112413 posts
Posted on 8/5/14 at 11:01 am to
quote:

True, but it seems each new president increases the debt a bit more than the last. Didn't Bush increase it more than the other presidents as well? It'll be hard to top Obama, but I'm sure Washington will find a way.


There is a difference between increasing the debt 10% and increasing it 100%. No President has increased the debt at Obama's rate.
Posted by MIZ_COU
I'm right here
Member since Oct 2013
13771 posts
Posted on 8/5/14 at 11:06 am to
quote:

I got really dizzy and light headed. I think I was experiencing cognitive dissonance.
That was just from your spelling cognitive dissonance correctly. No need to be concerned
Posted by Revelator
Member since Nov 2008
57841 posts
Posted on 8/5/14 at 11:08 am to
quote:

just saw a clip on TV of Obama giving a speech to a crowd yesterday. He was ranting and raving about out of control govt spending




Constant statements like these from Obama should convince anyone interested that he has mental problems and should be led away in a straightjacket for an immediate full evaluation.
Posted by Diamondawg
Mississippi
Member since Oct 2006
32213 posts
Posted on 8/5/14 at 11:13 am to
quote:

But I could buy a brand new porshe for around $5,000 in the 70's.
Was it stolen?
Posted by Zach
Gizmonic Institute
Member since May 2005
112413 posts
Posted on 8/5/14 at 11:58 am to
quote:

But I could buy a brand new porshe for around $5,000 in the 70's. Was it stolen?


Thank you. I was about to say that I remember the 70s and you couldn't buy a brand new Buick for 5K.
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 8/5/14 at 12:31 pm to
quote:

new porshe for around $5,000 in the 70's




quote:

1970 Porsche 911S Original Price: $8,665 - $9,355 1970 Porsche 911E Produced: 10,234 Original Price: $7,890 - $8,600 1970 Porsche 911T Produced: 10,234 Original Price: $6,435 - $7,100
This post was edited on 8/5/14 at 12:34 pm
Posted by Diamondawg
Mississippi
Member since Oct 2006
32213 posts
Posted on 8/5/14 at 12:43 pm to
quote:

Thank you. I was about to say that I remember the 70s and you couldn't buy a brand new Buick for 5K.

I might be off a dollar or two but I am thinking I bought a new Olds Cutlass in 1976 for about $7,200.
Posted by stegs_81
Baton rouge
Member since Jun 2014
211 posts
Posted on 8/5/14 at 1:08 pm to
A large chunk of the growth in government spending has to do with the trillion dollar unfunded mandates Obama inherited such as Medicare Part D and No Child Left Behind.

The lesson is that both parties are terrible and will continuously increase government spending.
Posted by RollTide4Ever
Nashville
Member since Nov 2006
18302 posts
Posted on 8/5/14 at 1:14 pm to
He also supports the export import bank, even though he opposed it as a congressman.
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 8/5/14 at 1:32 pm to
quote:

A large chunk of the growth in government spending has to do with the trillion dollar unfunded mandates Obama inherited such as Medicare Part D and No Child Left Behind.


both of which are examples of the sort of horse shite you get when a Republican president "reaches across the aisle"

It's not like Bush did that by himself.
Posted by stegs_81
Baton rouge
Member since Jun 2014
211 posts
Posted on 8/5/14 at 1:49 pm to
quote:

both of which are examples of the sort of horse shite you get when a Republican president "reaches across the aisle"

It's not like Bush did that by himself.


They were Republican sponsored bills, passed by Republican controlled Congresses and signed by a Republican President.

They are the pieces of legislation that chased many fiscal conservatives out of the party.
Posted by Zach
Gizmonic Institute
Member since May 2005
112413 posts
Posted on 8/5/14 at 2:08 pm to
quote:

might be off a dollar or two but I am thinking I bought a new Olds Cutlass in 1976 for about $7,200.


In 1976 an Olds Cutlass was about 1/3 the cost of a Porche. You were off by more than a dollar or two. After a couple of used cars I bought my first new car in 74. It was a Chevy Nova. Piece of crap. But it was nice having a new car without a note. I think I paid something like 3K.
Posted by Jagd Tiger
The Kinder, Gentler Jagd
Member since Mar 2014
18139 posts
Posted on 8/5/14 at 2:14 pm to

Just goes to show he can say anything to his crowd and not be questioned.


Nice herd uh sheeple you dems got there.
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