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10.25 Trillion to 18+ Trillion in 6 Years!

joan1984 · 817

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Offline joan1984

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on: December 02, 2014, 03:14:22 PM
We're Number One!!! We're Number One!!!

Six years after assuming the Presidency, President Obama succeeds in adding 70% to the Nation's debt. Still working on it, an all time record.

Some people are like the 'slinky'. Not really good for much,
but they bring a smile to your face as they fall down stairs.

Offline Athos_131

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Reply #1 on: December 02, 2014, 03:59:10 PM

#BlackLivesMatter
Arrest The Cops Who Killed Breonna Taylor

#BanTheNaziFromKB

Offline Lois

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Reply #2 on: December 03, 2014, 04:58:14 AM
The federal debt owed to the public has more than doubled under Obama, rising by 103 percent. But federal spending has gone up only 7.9 percent.

So it is still a sluggish economy, not out-of control spending, that is the culprit.



Of course if he had spent more, it might have provided the stimulus the economy needs to get out of the doldrums.  You gotta spend money to make money!


Offline Dgan

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Reply #3 on: December 03, 2014, 07:45:30 AM
...and you have to have the money to spend it in the first place. Something the US most definitely does not due to it's past frivolous spending.

Come to think of it, when is the last time you ever heard a politician mention anything financial that didn't have the word Billion in there somewhere? I think they have completely lost the concept of what the value of money really is. Honestly, I can't think of a single budget that has had the word thousand or even million in it in so long it's not even funny. Now if it is not Billion or Trillion they don't feel they are spending enough.

Who was the one governor that wanted an amount allocated to rebuild the houses wiped out by Hurricane Katrina, and yet the amount they wanted was equivalent to giving every single inhabitant of the state a $250-275,000 house free and clear? I don't just mean the affected area's, I mean every physical person in the state regardless of age.. Yeah, they are that far out of touch with reality...

The trouble with reality is the lack of background music!

Offline Elizabeth

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Reply #4 on: December 03, 2014, 01:22:48 PM
Just a thought....
I wonder how much money we (USA) could have saved if we had stayed out of the Middle East? (as Afghanistan and Iraq)....I'm sure that money could have been better spent.

Love,
Liz


Offline joan1984

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Reply #5 on: December 03, 2014, 02:08:42 PM
A Trillion here, a Trillion there, pretty soon you're talking about real money.

Some people are like the 'slinky'. Not really good for much,
but they bring a smile to your face as they fall down stairs.

Offline watcher1

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Reply #6 on: December 03, 2014, 03:05:42 PM
No problem. We just print more and damn the consequences.  One bright side still is that other major economies are also slowing way down and investors still value the United States as the best place in the world to invest in.

Emancipate yourself from mental slavery, none but ourselves can free our minds.

Offline Lois

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Reply #7 on: December 03, 2014, 04:14:37 PM
It is not proper to compare the US monetary system with our own personal economies.  We must balance our own budgets, but the US, and other governments have a different set of rules.  It would actually be bad for the economy if they were to have a balanced budget.

http://www.forbes.com/sites/pascalemmanuelgobry/2012/10/19/no-the-united-states-will-not-go-into-a-debt-crisis-not-now-not-ever/

http://www.nytimes.com/2012/01/02/opinion/krugman-nobody-understands-debt.html


Offline Katiebee

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Reply #8 on: December 03, 2014, 06:51:13 PM
Simply put, your bank interest rates are based off of the rates offered through government borrowing.

There are three kinds of people in the world. Those who can count, and those who can't.

Offline watcher1

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Reply #9 on: December 03, 2014, 07:37:10 PM
Quote from: Katiebee on December 03, 2014, 06:51:13 PM
Simply put, your bank interest rates are based off of the rates offered through government borrowing.

Yet, the banks are charging 3 to 4 % to loan "our" money out as mortgages, loans, etc while paying "us" a paltry .5 %. 

Emancipate yourself from mental slavery, none but ourselves can free our minds.

Offline Katiebee

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Reply #10 on: December 03, 2014, 10:59:25 PM
That's why they make the big bucks.

There are three kinds of people in the world. Those who can count, and those who can't.

Offline Lois

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Reply #11 on: December 04, 2014, 01:48:28 AM
Low interest rates are supposed to encourage investment.  Is it working?


Offline Katiebee

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Reply #12 on: December 04, 2014, 02:05:40 AM
Investment only occurs when the market demand is present for the goods and services. Low intrest rates are both good and bad.

There are three kinds of people in the world. Those who can count, and those who can't.

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