What happened to all of the doom and gloom economic threads?

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Reality sucks, doesn't it?

But the more you look at facts the harder it is to swallow the Republican's economic talking points.

(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.
 
$16,000,000,000,000 National Debt

311,591,917 Population of the U.S.

$16,000,000,000,000 / 311,591,917 = $51,349.21

What each person in the Nation owes: $51,349.21

Everyone pay up...now.

That's $.5135 Million for every man, woman and child in the U.S.
 
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Anybody else just see Nora kick Ryan's ass? He claimed he did not vote for the sequester even though he did. And he repeated the claim three times. They do keep records on votes, Paul.
 
(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.

What you like to label as Mr. Obama's National Debt is mostly a combination of Bush tax cuts, Bush unfunded wars, and the nearly fatal Bush recession. Turning all of that around again doesn't happen overnight--it doesn't even happen in four years, especially with a Congress whose sole purpose is to defeat the President.
 
$16,000,000,000,000,000 National Debt

311,591,917 Population of the U.S.

$16,000,000,000,000,000 / 311,591,917 = $51,349,213.92

What each person in the Nation owes: $51,349,213.92

Everyone pay up...now.

That's $51.35 Million for every man, woman and child in the U.S.

Visa/Mastercard?
 
What you like to label as Mr. Obama's National Debt is mostly a combination of Bush tax cuts, Bush unfunded wars, and the nearly fatal Bush recession. Turning all of that around again doesn't happen overnight--it doesn't even happen in four years, especially with a Congress whose sole purpose is to defeat the President.

if this were true

then why did Obama say we must pass teh stimulus to get the economy moving and get unemployment DOWN and then say in 2010, THE SUMMER RECOVERY IS HERE?


:rolleyes:
 
In the last forty years, which Prez presided over the highest job growth in his first term?
 
$16,000,000,000,000,000 National Debt

311,591,917 Population of the U.S.

$16,000,000,000,000,000 / 311,591,917 = $51,349,213.92

What each person in the Nation owes: $51,349,213.92

Everyone pay up...now.

That's $51.35 Million for every man, woman and child in the U.S.


Your maths suck.

$16,000,000,000,000 - is 16 trillion. You posted 16 quadrillion. We won't be 16 Quadrillion in debt until 2015 a year after Obamacare takes full effect.

Right now you only owe $51.35 Thousand. (whew)
 
Here we have DOOFUS and DOOFUS II and BLIND EYE

Telling us

NOTHING is Obama's fault

EVERYTHING is beyond his control




In that case

WHY NOT TAKE A CHANCE ON SOMEONE ELSE?

Worst case? He will do the same.....NOTHING......as Obama......so NOTHING is lost


Best case? He will actually do something positive


See my SIG:)
 
In the last forty years, which Prez presided over the highest job growth in his first term?

In order, best to worst.


Jimmy.
Willie.
Dickie.
Ronnie.
Georgie I.
Barry.
Georgie II.
 
Finally, Maureen LOUD says it well

OBAMA BLAMES US


Playing Now: Hail to Us Chiefs

By MAUREEN DOWD

Published: September 8, 2012 332 Comments



HOW did the one formerly known as The One go for two?

In his renomination acceptance speech here on Thursday night, he told us that America’s problems were tougher to solve than he had originally thought.

And that’s why he has kindly agreed to give us more time.

Because, after all, it’s our fault.

“So you see, the election four years ago wasn’t about me,” President Obama explained. “It was about you. My fellow citizens, you were the change.”

We were the change!

We were the change? Us?


How on earth could we have let so much of what we fought for slip away? How did we allow Mitch McConnell, Karl Rove, the super PACs, the Tea Party, the lobbyists and the special interests take away our voice?

“Only you can make sure that doesn’t happen,” the president chastised us. “Only you have the power to move us forward.”

We’re so lame. We were naïve, brimming with confidence that we could slow the rise of the oceans, heal the planet, fix the cracks in the Capitol dome.

We never should have let the Congressional Democrats run wild with their stimulus spending on pork that didn’t even create the right kinds of jobs.

It also took us too long to realize what the party of know-nothings and no-everything was up to. We should never have walked into that blind budget alley with John Boehner. We should have realized, after the first of three phone calls went unreturned, that even with a few more merlots under his belt, the speaker wouldn’t have the guts to tell us he couldn’t get a grand bargain through his Tea Party House.

We should never have delegated health care to Max Baucus and let him waste time trying to cut a deal with Senate Republicans who had no intention of going along even with ideas — like the individual mandate — that they backed first.

We should have listened to Joe Biden instead of getting rolled by the generals on Afghanistan.

We’re older, wiser and grayer now.

It’s depressing to look back and remember what soaring hopes we had for ourselves only four years ago. Did we overdo it with the Greek columns? Sheesh, a million people showed up for our inauguration. Now we brag when we break 10,000.

What a drag to realize that Hillary was right: big rallies and pretty words don’t always get you where you want to go. Who knew that Eric Cantor wouldn’t instantly swoon at the sound of our voice or the sight of our smile?

Our forbearing leader didn’t pander to us with that standard breakup line: “It’s not you, it’s me.”

He gave it to us straight: It’s not me, it’s you.

If we get a second term, maybe Republicans will stop blocking, and blowing racial dog whistles. Maybe they’ll realize that they should deal with us, especially if they lose enough Latino voters to cost them not just the White House but Congressional seats.

As the president told us, “our destinies are bound together.” So we have to stop holding him back when he’s trying to go “Forward.”

We admit we like our solitude — maybe a little too much given our chosen profession. We could have opened up our weekend golf foursomes to a few pols — even women! — rather than just the usual junior aides.

And we could probably stomach giving lifts in the limo to some mayors and members of Congress, and actually pretend that we care about their advice — not to mention their votes.

Maybe we could drop the disdainful body language. For that matter, shouldn’t we put a little more effort into helping elect Democrats to Congress? Just because we only did a cameo in the Senate doesn’t mean some people there don’t think of it as a star turn.

Apparently, etiquette matters. We could send out a few thank-you notes to big donors and celebrities who give benefit concerts. Oddly, it turns out folks like to frame notes signed by the president and hang them on the wall.

Maybe we relied too much on Valerie Jarrett, a k a the Night Stalker and Keeper of the Essence. She says people should woo us. But could it be that we need to woo them as well?

How could we have let the storybook president lose his narrative?

How could we keep failing to explain what changes we have gotten through? Why is salesmanship so beneath us?

It’s ironic that Bill Clinton, who couldn’t pass his own health care bill, does a better job of selling ours. Even Obama said on Friday that we should make Bill a cabinet member — “the secretary of ’splainin’ stuff.”

We are grateful to the president for deigning to point out our flaws and giving us another chance.

“I’m the president,” he intoned.

But We, the People, must do the work.

The buck stops with us.
 
Thanks for quoting BurnaLeaf, Fiberglassman. Reminds me why I don't read him:rolleyes:

you dont read him

cause he shames you all with REALITY and FACTS


and makes you look like

what you are

A DOOFUS:)
 
Your maths suck.

$16,000,000,000,000 - is 16 trillion. You posted 16 quadrillion. We won't be 16 Quadrillion in debt until 2015 a year after Obamacare takes full effect.

Right now you only owe $51.35 Thousand. (whew)

I am a seer and I was looking into the future when my fingers typed that...sorry for the misplaced decimal. But the math is correct, just not for this era. Yes the population will be the same 300 years from now, the ObamaCare death panels will see to that.
 
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