--- In [email protected], Bhairitu <noozguru@...> wrote:
>
> 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 [email protected], 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 [email protected], wgm4uno_reply@ wrote:
> >>>>
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> >>>> 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.
> >>>>
> >>>
> >
>
If you repeal the " Bush tax cuts" the deficit will go away in ten years...!!!
