Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

[Marcus Bryant]

ROFL. Then he was ing stupid to not contemplate what such an expansion of executive power might look like in different hands.

[Winehole23]

ROFL. Then he was ing stupid to not contemplate what such an expansion of executive power might look like in different hands.

I've been using this argument for years: if you trust Bush with quasi-regal powers, what about when someone comes along who you don't like? What will you think of the powers then?

People didn't listen to me then, and I don't even think they're listening now. They blame it all on Obama, rather than on the powers we allowed the Office of the President to arrogate for itself, bit by bit.

[Yonivore]

ROFL. Then he was ing stupid to not contemplate what such an expansion of executive power might look like in different hands.

Obama was under no obligation to overstep the intent of TARP.

[Marcus Bryant]

Obama was under no obligation to overstep the intent of TARP.

Nor was he under an obligation not to. Therein lies the problem with his predecessor.

[Marcus Bryant]

I've been using this argument for years: if you trust Bush with quasi-regal powers, what about when someone comes along who you don't like? What will you think of the powers then?

Naturally we'd hear that they do not exude the great restraint that Lord Bush did.

[Yonivore]

Naturally we'd hear that they do not exude the great restraint that Lord Bush did.

Not even ing close

[Marcus Bryant]

Hah.

'How's that, Hankie? Your New York boys need $700 billion? Where do I sign?'

[Yonivore]

The difference between Bush's and Obama's deficits is the difference between driving at 63 mph and 174 mph.

One is over the limit. The other is reckless verging on suicidal.

[Marcus Bryant]

Bush went rather fast in the last 4 months of his term.

[Yonivore]

Bush went rather fast in the last 4 months of his term.

And Obama could have either put on the brakes or accelerated. He chose to fill the tank with nitro and shoot for the sun!

[Marcus Bryant]

And Obama could have either put on the brakes or accelerated. He chose to fill the tank with nitro and shoot for the sun!

The gear was already stuck when Obama sat down.

[Cant_Be_Faded]

Wow yonivore is just flat off his rocker these days.

[Yonivore]

The gear was already stuck when Obama sat down.

Not true.

[Marcus Bryant]

How so? The Fed was already printing dollars by the trillion and the TARP funds were being doled out when he took over.

[boutons_deux]

and dubya, head, neoc*nts had put the US on course to waste $Ts, all debt-financed, in their bogus war-for-oil, but that's OK with BoniVore because Saddam was a extremely dangerous, bad man, with WMD.

[Winehole23]

Not true.

The Yoni Quadrivium: fiat, bluster, ignorance and bull .

[smeagol]

Leaving beyond your means is fun until the time comes to repay your debt.

The US has been doing this for what, 40, 50 years?

At some point in time, deficits needs to be balanced and the debt you borrowed to raise your populations standard of leaving needs to be repaid.

And @ blaming this on Obama. Reagan and Bush ran pretty healthy deficits. Yoni's memory is selective . . .

[FaithInOne]

It's going to be fun watching the americants when social security goes bankrupt

[Winehole23]

It's going to be fun watching the americants when social security goes bankrupt

No it won't, asshole.

[Wild Cobra]

And @ blaming this on Obama. Reagan and Bush ran pretty healthy deficits. Yoni's memory is selective . . .

I disagree. None of those deficits were so dangerously high as a percentage of GNP or GDP, plus, much of the new deficit spending are programs that will continue in all future budgets!

[coyotes_geek]

And @ blaming this on Obama. Reagan and Bush ran pretty healthy deficits. Yoni's memory is selective . . .

True, but then it should be noted that Obama's own budget projections say that he's going to rack up more debt in 4 years than Reagan, Bush I, Clinton and Bush II did in 28.

[hope4dopes]

So it's all Obama's fault, and not, say, a Federal Reserve which fueled yet another asset bubble that popped resulting in these public debt financed bailouts of financial services companies and his predecessor's prolifigate spending?

Yeah it's the Feds plan, but lets despense with this idiotic passion play that Obama's a force for change,let's stop this stupid roll call of economic forecasts and projections, and talk about exposing Obama and every other political hack that's running interference for the elite, and reveal their end game.

[TDMVPDPOY]

whoever has super or 501k plans.....lol take a hard fkn look about it, since the govt would probably want these funds to start funding some projects.......this is the only place where the money is left untouched....

[Winehole23]

let's stop this stupid roll call of economic forecasts and projections, and talk about exposing Obama and every other political hack that's running interference for the elite, and reveal their end game.

Ok. Reveal it, micca.