On 08/08/2011 03:19 AM, Michael Madigan wrote: > Bush's last deficit was 400+ billion, Obongo is now at 1.6 Trillion and the > loss of the AAA rating. Five governments have recovered their AAA Rating and > it took from 9 -18 years to do it. Unfortunately the Affirmative Action > President will drive this country and the world in to the Greatest Depression > yet. I hope you like the taste of kangaroo. >
Click on the link below for an informative article about "How the U.S. Racked Up $14 Trillion in Debt". Then click on "Click to view graphics" to open a new page. Scroll down to the graphics titled, "How the U.S. Got $14 Trillion in Debt and Who Are the Creditors". The column titled, "When the Debt Was Accumulated" adds to 14.3 trillion, and the column titled, "Who Holds the Debt" adds to 13.8 trillion. I assume our Britain and Oil Exporting Countries creditors, which have no number listed beside them, make up the .5 trillion difference. LOL According to the graphics, curtsey of the NY Times, 6.1 trillion of the debt was added during President George W. Bush's years, while only 2.4 trillion of the debt was added during President Obama's years. The explanation for the increases next to both President George W. Bush and President Obama are particularly telling as follows: George W. Bush (2001-9): Tax cuts, the wars in Iraq and Afghanistan, economic downturn in 2001 and recession starting in 2007. President Obama (2009-11): Stimulus spending, tax cuts, and the effects of 2007-9 recession in lost revenues and automatic spending, like unemployment compensation. http://www.pbs.org/newshour/rundown/2011/07/the-us-debt-crisis-in-charts.html Regards, LelandJ > > ----- Original Message ----- > From: geoff<data...@adam.com.au> > To: 'ProFox Email List'<profox@leafe.com> > Cc: > Sent: Monday, August 8, 2011 3:41 AM > Subject: RE: [OT] Looks like Obama is crashing the Australian markets too. > > Actually it is the efforts of GWB that is still harming markets around the > world. Oh, and our markets are rebounding today. This is what happens when > you live in a country that pays its bills and doesn't love to run deficit > budgets. That way you have cash for rainy days. And it is raining pretty > heavily now. > > Enjoy your $14T debt and 10% unemployment brought to you courtesy of the > Republicans. And I hope you are enjoying those retarded Tea Party morons who > are bringing havoc to markets in your own country and other places. > > Maybe one day the USA will consider the worth of paying its way thru the > years. > > -----Original Message----- > From: profox-boun...@leafe.com [mailto:profox-boun...@leafe.com] On Behalf > Of Michael Madigan > Sent: Monday, 8 August 2011 5:04 PM > To: Pro Fox Email List > Subject: [OT] Looks like Obama is crashing the Australian markets too. > > Hey Geoff, > > Enjoy. > [excessive quoting removed by server] _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/4e3ff1b8.3030...@mail.smvfp.com ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
