A 15 trillion dollar debt cannot be solved. The US will just have to collapse. And it will when the dollar collapses which is forthcoming. Oops, I forgot, maybe the "magic pundits" can save us. :-D
May you live in interesting times. On 03/21/2012 06:20 AM, Xenophaneros Anartaxius wrote: > As of January 31, 2012, the debt rose under the Bush administration more > than had occurred under the Obama administration. It is clear under the > Obama administration the debt will increase more in his four years as > president - *dollar wise* but probably not *percentage wise* - than > under Bush in his eight years as president. > > The possibility remains that under Obama, the deficit would increase > about as much in eight years percentage wise as under Bush, but it has > not happened yet so we do not know. If Obama loses in the coming > election, Bush retains the title. But we need to remember that the > actual budget is formulated in Congress after having reviewed the > suggestion from the administration, and the president signs off on it or > not. > > You guys are probably simplifying the issue too much; partisan bickering > does not solve the problem. Selective quoting of figures can be skewed > many ways. However you look at it, this is a problem that gets worse day > by day as long as the trend continues. Note that percentage wise, Reagan > takes the title, and that dollar wise, Obama takes the title in a few > months. > > Graphic: Increase in Total Federal Debt as of Jan 31, 2012: > > [Deficits under Reagan Bush Clinton Bush Obama - US Treasury Data] > > > > --- In FairfieldLife@yahoogroups.com, Bhairitu<noozguru@...> wrote: >> Absolutely!. It's like the Republicans went into a restaurant, ran up > a >> bill and then ran out on it. Republicans are scum! >> >> On 03/20/2012 11:28 AM, chris m wrote: >>> If the National dept was 15 Billion as you say inhireted brom Bush > and has rissen to 15 Billion, then it has only gone up a third dumbie. > and rember the economy was shedding 800,000 jobs per month when Obama > begain office, now we are gaing severaly hundreds of thousands of jobs. >>> the fact is Bush almost ran us off a cliff and Obama saved the > US from a 2nd world depression. >>> People are smarter than you think and don't buy your GOP > bullshit!!! >>> --- In FairfieldLife@yahoogroups.com, wgm4uno_reply@ wrote: >>>> > [http://adlog.com.com/adlog/i/r=14617&sg=1815&o=250%253a503544%253aB5035\ > \ > 44%253a10457891%253a&h=cn&p=2&b=55&l=en_US&site=162&pt=8301&nd=503544&pi\ > \ > d=&cid=57400369&pp=100&e=&rqid=01phx1-ad-e18:4F689AC946D32D&orh=drudgere\ > \ > port.com&ort=&oepartner=&epartner=&ppartner=&pdom=www.cbsnews.com&cpnmod\ > \ > ule=&count=&ra=69.231.27.85&dvar=dvar%255fcid%253d57400369%2523dvar%255f\ > \ > exclude%253d%2523dvar%255finstlang%253den%252dUS%2523dvar%255fsession%25\ > \ > 3dd&ucat_rsi=%2526ASK05540%255f10625%2526ASK05540%255f10648&pg=133226563\ > \ > 6169971221921016&t=2012.03.20.17.47.20/http://i.i.com.com/cnwk.1d/Ads/co\ > \ >>>> mmon/dotclear.gif] National > Debt >>>> has increased more under Obama than under Bush By Mark Knoller >>>> > <http://www.cbsnews.com/8300-503544_162-503544.html?contributor=41947> >>>> Topics Campaign 2012 >>>> > <http://www.cbsnews.com/8300-503544_162-503544.html?categoryId=10457891> >>>> [Chart - Deficit 2012] (Credit: CBS) (CBS News) The National Debt > has >>>> now increased more during President Obama's three years and two > months >>>> in office than it did during 8 years of the George W. Bush > presidency. >>>> The Debt rose $4.899 trillion during the two terms of the Bush >>>> presidency. It has now gone up $4.939 trillion since President > Obama >>>> took office. >>>> >>>> The latest posting from the Bureau of Public Debt at the Treasury >>>> Department shows the National Debt now stands at $15.566 trillion. > It >>>> was $10.626 trillion on President Bush's last day in office, which >>>> coincided with President Obama's first day. >>>> >>>> The National Debt also now exceeds 100% of the nation's Gross > Domestic >>>> Product, the total value of goods and services. >>>> >>>> Mr. Obama has been quick to blame his predecessor for the soaring > Debt, >>>> saying Mr. Bush paid for two wars and a Medicare prescription drug >>>> program with borrowed funds. >>>> >>>> The federal budget sent to Congress last month by Mr. Obama, > projects >>>> the National Debt will continue to rise as far as the eye can see. > The >>>> budget shows the Debt hitting $16.3 trillion in 2012, $17.5 > trillion in >>>> 2013 and $25.9 trillion in 2022. >>>> >>>> Federal budget records show the National Debt once topped 121% of > GDP >>>> at the end of World War II. The Debt that year, 1946, was, by > today's >>>> standards, a mere $270 billion dollars. >>>> >>>> Mr. Obama doesn't mention the National Debt much, though he does > want >>>> to be seen trying to reduce the annual budget deficit, though it's >>>> topped a trillion dollars for four years now. >>>> >>>> As part of his "Win the Future" program, Mr. Obama called for > "taking >>>> responsibility for our deficits, by cutting wasteful, excessive > spending >>>> wherever we find it." >>>> >>>> His latest budget projects a $1.3 trillion deficit this year > declining >>>> to $901 billion in 2012, and then annual deficits in the range of > $500 >>>> billion to $700 billion in the 10 years to come. >>>> >>>> If Mr. Obama wins re-election, and his budget projections prove >>>> accurate, the National Debt will top $20 trillion in 2016, the > final >>>> year of his second term. That would mean the Debt increased by 87 >>>> percent, or $9.34 trillion, during his two terms. >>>> >>>> >>>> * Mark Knoller >>>> > <http://www.cbsnews.com/8300-503544_162-503544.html?contributor=41947> >>>> Mark Knoller is a CBS News White House correspondent. >>>> >>> >
