Obama on Debt Limit... interdasting. | TigerDroppings.com
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mytigger
USA Fan
Member since Jan 2008
12740 posts

Obama on Debt Limit... interdasting.

quote:

"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills...America has a debt problem and a failure of leadership. Americans deserve better."


quote:

- Senator Barack Obama, 2006


On this, the President and I agree.
This post was edited on 10/16 at 3:59 pm



Tigerlaff
LSU Fan
Member since Jan 2010
10923 posts

re: Obama on Debt Limit... interdasting.
I mean, he's right. He just wants the middle class taxed more to pay it down.


constant cough
LSU Fan
Lafayette
Member since Jun 2007
42267 posts

re: Obama on Debt Limit... interdasting.
Bush's Fault!


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Lsut81
USA Fan
Member since Jun 2005
65951 posts

re: Obama on Debt Limit... interdasting.
This again?


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TrueTiger
LSU Fan
Chicken's most valuable
Member since Sep 2004
14305 posts

re: Obama on Debt Limit... interdasting.
Obama loves failure.


BobBoucher
LSU Fan
Overland Park, KS
Member since Jan 2008
4171 posts

re: Obama on Debt Limit... interdasting.
Lets see how this unfolds. Huge debt is largely from the bailout during his first term. The past two years the annual debt has been reduced faster than at any point since the Korean War (50 yrs - this is per McConnell)

If this annual reduction continues at that pace, we should be actually paying down the debt by the time Obama leaves office.

For those of you who think we should just slash gov spending overnight and start paying down the debt tomorrow, the sudden withdrawal of billions of gov money from the economy would have seriously negative consequences.

A calculated reduction over time would minimize impact and set us on a responsible path. Lets see if that's where we're headed.



BBONDS25
LSU Fan
Member since Mar 2008
17970 posts

re: Obama on Debt Limit... interdasting.
quote:

Huge debt is largely from the bailout during his first term.


You think that was a one time thing?
quote:


A calculated reduction over time would minimize impact and set us on a responsible path. Lets see if that's where we're headed.



Will never happen. The Dems promised 10-1 spending cuts if taxes were raised. Taxes were raised...where are the cuts? Promised cuts NEVER happen.



BugAC
LSU Fan
Baton Rouge
Member since Oct 2007
21226 posts

re: Obama on Debt Limit... interdasting.
quote:

The past two years the annual debt has been reduced faster than at any point since the Korean War


No, no it hasn't. The amount of spending has decreased, but spending levels are still higher than at any point during the Bush Administration. Spending levels as of last fiscal year were 1.1 trillion. Latest numbers for this fiscal year are 800 billion. We are still adding on to our debt of $17 trillion.

quote:

For those of you who think we should just slash gov spending overnight and start paying down the debt tomorrow, the sudden withdrawal of billions of gov money from the economy would have seriously negative consequences.


Such as???

quote:

If this annual reduction continues at that pace, we should be actually paying down the debt by the time Obama leaves office.


This post was edited on 10/16 at 4:33 pm


BugAC
LSU Fan
Baton Rouge
Member since Oct 2007
21226 posts

re: Obama on Debt Limit... interdasting.
We have run the largest deficits in the history of this country every year under obama. Our current spending levels are 1.5% of our GDP.

And you're happy because we aren't trillion dollar stupid, just several hundred billion dollars stupid.

Congrats. It seems Rex has some competition.

LINK


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BobBoucher
LSU Fan
Overland Park, KS
Member since Jan 2008
4171 posts

re: Obama on Debt Limit... interdasting.
quote:

Will never happen. The Dems promised 10-1 spending cuts if taxes were raised. Taxes were raised...where are the cuts? Promised cuts NEVER happen.


Sequester?

If what you say is true then our annual deficit wouldn't have been cut in half the past year. See my quote from Mitch McConnell. Progress is there - let's see if it continues.

If not, Repubs should be set for 2016. Well, this huge miscalculation aside that is. This shutdown is gonna hurt in 2016.


navy
Navy Fan
Bannedeville, SC
Member since Sep 2010
8204 posts

re: Obama on Debt Limit... interdasting.
Clint Eastwood had it right ... empty chair.


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BugAC
LSU Fan
Baton Rouge
Member since Oct 2007
21226 posts

re: Obama on Debt Limit... interdasting.
quote:

If what you say is true then our annual deficit wouldn't have been cut in half the past year.


You do realize you said debt in the post above, right?

And by the way, are fiscal deficit was 3/4 of what it was last year. Not exactly "tough cuts" being made.

quote:

See my quote from Mitch McConnell.


You are quoting that fricktard? Now i know you're a troll.

quote:

This shutdown is gonna hurt in 2016.


No, it is not. It's not hurting now. Despite what Harry Reid tells you.


PuntBamaPunt
Vanderbilt Fan
Member since Nov 2010
7476 posts

re: Obama on Debt Limit... interdasting.
This why there shouldn't be a limit.


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BobBoucher
LSU Fan
Overland Park, KS
Member since Jan 2008
4171 posts

re: Obama on Debt Limit... interdasting.
quote:

Such as???


Economists have said this for a while. You can just yank that much money out of the economy and expect it to be ok.

Example: this partial shutdown has cost the economy 24 billion as of today. Per S&P. like it or not, the gov and its spending has huge tentacles all over this economy.


BBONDS25
LSU Fan
Member since Mar 2008
17970 posts

re: Obama on Debt Limit... interdasting.
quote:

Sequester?



Not even close to 10-1....and even the sequester was opposed by the dems:

quote:

President Obama condemned the effects of sequestration, arguing that these dramatic cuts are "not how a great nation should be treating its military and military families." The president went on the reassure these servicemembers that he would "keep on working to get rid of the sequester." The president even went so far as to say that he is frustrated that "sometimes the very folks who say they stand with our military proudly are the same ones who are standing in the way of fixing the sequester."


LINK


quote:

If what you say is true then our annual deficit wouldn't have been cut in half the past year


Well, it wasn't. sooooo.....
This post was edited on 10/16 at 4:39 pm


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Wally Sparks
Georgia Tech Fan
Atlanta
Member since Feb 2013
9729 posts

re: Obama on Debt Limit... interdasting.
quote:

Per S&P. like it or not, the gov and its spending has huge tentacles all over this economy.



And it's a fricking cancer.


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BobBoucher
LSU Fan
Overland Park, KS
Member since Jan 2008
4171 posts

re: Obama on Debt Limit... interdasting.
quote:

No, it is not. It's not hurting now. Despite


Wow denial..... or you live in a cave? Or you watch too much Fox News and its got you completely out of touch with what's going on in the real world.

BTW - I read an interesting article about that.... How Fox's stories are so different that its got their viewers (and consequently many on the right) completely out of touch with middle America. The irony being it could actually hurt the cause more than help.


BugAC
LSU Fan
Baton Rouge
Member since Oct 2007
21226 posts

re: Obama on Debt Limit... interdasting.
quote:

Economists have said this for a while. You can just yank that much money out of the economy and expect it to be ok.


Really? Which ones?

quote:

Per S&P. like it or not, the gov and its spending has huge tentacles all over this economy.


You mean this S&P?

Image: http://markets.money.cnn.com/markets/overview/modules/chart.asp?primaryIndex=593933


And here it is over the last 5 days. Seems like it went only but up.

Marketwatch


Radiojones
USA Fan
The Twilight Zone
Member since Feb 2007
7846 posts

re: Obama on Debt Limit... interdasting.
quote:

the sudden withdrawal of billions of gov money from the economy would have seriously negative consequences.


Just curious as to where you think this money is coming from that the government is spending.


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BugAC
LSU Fan
Baton Rouge
Member since Oct 2007
21226 posts

re: Obama on Debt Limit... interdasting.
quote:

Or you watch too much Fox News and its got you completely out of touch with what's going on in the real world.


That's odd. Because i disagree with you I watch Fox news? Somebody needs to reprogram my tv channels then. I thought i watched BBC America and H2.

quote:

How Fox's stories are so different that its got their viewers (and consequently many on the right) completely out of touch with middle America. The irony being it could actually hurt the cause more than help.


Again, caught up on your delusion that i get my info from Fox. It's called doing research and having a brain.


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