Democrats tell Republicans: Take down debt clock

[BobaFett1]

http://www.washingtontimes.com/news/2013/feb/27/democrats-tell-republicans-take-down-debt-clock/


stupid libs

[BobaFett1]

bottons cannot handle it

[boutons_deux]

MoonieTimes! :lol

[DarrinS]

Out of sight -- out of mind

[ChumpDumper]

So the Republicans never had it on their mind before. I can believe that.

[BobaFett1]

So the Republicans never had it on their mind before. I can believe that.



The issue is the dems are in denial.

[BobaFett1]

Out of sight -- out of mind

Exactly great Point DarrinS. If you do not see it there is no issue,.

[Nbadan]

:lol

The majority of the debt is the result of Bush2 policies....Medicare debt partD, 2 wars and a global war, tax cuts for the rich, and corporate welfare...all on your kid's credit card...but debt didn't seem to matter to the GOP back then...

[spursncowboys]

:lol

The majority of the debt is the result of Bush2 policies....Medicare debt partD, 2 wars and a global war, tax cuts for the rich, and corporate welfare...all on your kid's credit card...but debt didn't seem to matter to the GOP back then...
So obama hasn't out spent bush yet?

[FuzzyLumpkins]

So obama hasn't out spent bush yet?

The deficit has gone down since Obama took office. And blaming the fiscal inertia on something else than Congress is fun I guess.

[spursncowboys]

http://www.usgovernmentspending.com/spending_chart_1997_2017USb_G0f

http://www.usgovernmentspending.com/usgs_line.php?title=Federal%20Deficit&units=b&size=m&year=1997_2017&sname=US&bar=1&stack=1&col=c&legend=&source=a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_b_b_b_b_b_b&spending0=21.89_-69.27_-125.61_-236.24_-128.23_157.75_377.59_412.73_318.35_248.18_160.71_4 58.55_1412.69_1293.49_1299.59_1326.95_901.40_667.8 1_609.72_648.76_612.44 Am I missing something?

[spursncowboys]

http://www.usgovernmentspending.com/usgs_line.php?title=Gross%20Public%20Debt&units=b&size=m&year=1997_2017&sname=US&bar=1&stack=1&col=c&legend=&source=a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_e_e_e_e_e_e&spending0=5369.21_5478.19_5605.52_5628.70_5769.89_ 6198.40_6760.02_7354.65_7905.30_8451.35_8950.75_99 86.08_11875.85_13528.81_14764.23_16350.88_17547.90 _18499.93_19426.50_20391.20_21325.45

[Nbadan]

Your like a one sided dollar bill...


Meanwhile, Obama’s projected budget shows that in the six-year period ending 2017, discretionary spending would fall 22.7 percent — about $265 billion in constant 2005 dollars.

That’s the biggest six-year cut since 1962

http://www.washingtonpost.com/blogs/fact-checker/post/obamas-claim-of-the-largest-discretionary-cuts-in-history/2012/12/05/dda63fe0-3f33-11e2-ae43-cf491b837f7b_blog.html

[DMX7]

Deficits don't matter.

[Nbadan]

They matter, just not in the sense that most people think they matter...our credit is good as long as people buy our debt, and the military protects our business interests worldwide...

[Nbadan]

We could, theoretically, mint trillion dollar coins and pay our debt today..no kidding...

[Clipper Nation]

We could, theoretically, mint trillion dollar coins and pay our debt today..no kidding...

And once again, just like every other time you've put forth this completely idiotic idea, you're uninformed about economics and currency...

[DMX7]

Deficits don't matter.

[FuzzyLumpkins]

Am I missing something?

Bush kept the wars off the deficit and allocated them to emergency funding. In 2008 his final year he contributed just as much to the debt as any Obama year.

http://www.usgovernmentdebt.us/usgs_line.php?title=Gross%20Public%20Debt&units=b&size=m&year=1997_2017&sname=US&bar=1&stack=1&col=c&legend=&source=a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_e_e_e_e_e_e&spending0=5369.21_5478.19_5605.52_5628.70_5769.89_ 6198.40_6760.02_7354.65_7905.30_8451.35_8950.75_99 86.08_11875.85_13528.81_14764.23_16350.88_17547.90 _18499.93_19426.50_20391.20_21325.45

You can see the incremental increase from 2008 to 2009 is as great or greater than any of the following years. It's just accounting mumbo jumbo.

[admiralsnackbar]

We could, theoretically, mint trillion dollar coins and pay our debt today..no kidding...

That worked out super for Weimar Germany! No kidding!

[Nbadan]

And once again, just like every other time you've put forth this completely idiotic idea, you're uninformed about economics and currency...

my degree in economics mean anything?

[Nbadan]

That worked out super for Weimar Germany! No kidding!

False equivalence....although many super rich daddies in the 20's and 30's had vested interests in Germany and even, ye gawd, even in the Nazi, it is not to the degree that foreign currency is leveraged by the stability of the dollar and backing of the military of today...

[Nbadan]

And once again, just like every other time you've put forth this completely idiotic idea, you're uninformed about economics and currency...

Can't take credit for the coin idea though, that was Krugman...but I agree with his analysis...

[Wild Cobra]

:lol

The majority of the debt is the result of Bush2 policies....Medicare debt partD, 2 wars and a global war, tax cuts for the rich, and corporate welfare...all on your kid's credit card...but debt didn't seem to matter to the GOP back then...
LOL...

I'll bet you will continue to say it's Bush's fault when you die.

You cannot blame the continued military spending on Bush. Obama keeps poking his nose in countries it doesn't belong.

Are you Michael Moore-on's brother?

[BobaFett1]

LOL...

I'll bet you will continue to say it's Bush's fault when you die.

You cannot blame the continued military spending on Bush. Obama keeps poking his nose in countries it doesn't belong.

Are you Michael Moore-on's brother?




Wild Cobra the libs have spent more money under Obama than any Us president.

[sjacquemotte]

Your like a one sided dollar bill...



http://www.washingtonpost.com/blogs/fact-checker/post/obamas-claim-of-the-largest-discretionary-cuts-in-history/2012/12/05/dda63fe0-3f33-11e2-ae43-cf491b837f7b_blog.htmlprojected

[George Gervin's Afro]

Wait a minute..I though Congress was responsible for spending? When did the constitution change?

[spursncowboys]

my degree in economics mean anything?
Do you have a job in economics?

[Clipper Nation]

my degree in economics mean anything?
Apparently not if you think a trillion dollar coin wouldn't have disastrous effects on our currency...

[ChumpDumper]

The issue is the dems are in denial.As are the Republicans. All they care about are theatrics.

[Nbadan]

Do you have a job in economics?

No, my job is in a more technical field...

[Nbadan]

Apparently not if you think a trillion dollar coin wouldn't have disastrous effects on our currency...

What if we put Reagan on it?

http://media.theweek.com/img/generic/ReaganCoin.jpeg

[Nbadan]

The coin would have been an accounting trick designed to allow Obama to ignore the debt ceiling and keep fulfilling obligations Congress had already incurred. Only Congress can raise the debt ceiling, and if Republicans choose not to, voters will know exactly who to blame for the consequences. The Trillion-Dollar Coin scenario, is legal, practical, and despite knee-jerk concerns to the contrary, no more inflationary than simply issuing more debt. Plus, unlike debt, taxpayers don't have to pay interest on the money.


Remember that the coin is supposed to be deposited at the Fed, which is effectively just a semi-autonomous government agency. As the federal government proper drew on its new Fed account, the Fed would probably respond by selling off some of its $3 trillion balance sheet. In effect, the consolidated federal government, including the Fed, would be financing its operations by selling debt instruments, just as always.

But what if the Fed decided not to shrink its outside balance sheet? Even so, under current conditions it would make no difference — because we’re in a liquidity trap, with market interest rates on short-term federal debt near zero. Under these conditions, issuing short-term debt and just “printing money” (actually, crediting banks with additional reserves that they can convert into paper cash if they choose) are completely equivalent in their effect, so even huge increases in the monetary base (reserves plus cash) aren’t inflationary at all.

http://krugman.blogs.nytimes.com/2013/01/08/rage-against-the-coin/

[Wild Cobra]

What if we put Reagan on it?

http://media.theweek.com/img/generic/ReaganCoin.jpeg
Well, if I recall, he was the president when our national debt hit the $1 trillion point.

[BobaFett1]

As are the Republicans. All they care about are theatrics.

both sides are crooks.

[ChumpDumper]

both sides are crooks.Agreed.