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post #21 of 42 (permalink) Old 03-24-2009, 10:07 PM
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Originally Posted by mcbear View Post
Actually, the 10 year does NOT promise more debt than the total of all previous Presidents. If you use the $9.3T as the projected benchmark and look at the Dept of Treasury's own web site which shows the 9/30/08 number of $10,024,724,896,912.49, and that is before the financial sector bailout which would also be on Bush's watch then you are off by at least $1.5Trillion.

Government - Historical Debt Outstanding - Annual 2000 - 2008

At least TRY and get you facts straight before trying to take a snipe. It just makes you look bad. And if you are going to edit, fix your spelling errors.
"CBO: Obama's budget would double national debt over decade
By KEVIN G. HALL AND DAVID LIGHTMAN - McClatchy Newspapers
Published: Fri, Mar. 20, 2009 10:28PMModified Fri, Mar. 20, 2009 10:33PM

WASHINGTON -- The national debt held by the public would double over the next decade if President Barack Obama's budget is enacted into law, the nonpartisan Congressional Budget Office projected Friday.

The U.S. government would run budget deficits approaching $1 trillion every year for a decade under Obama's budget, the CBO said."

I'll take the CBO estimate over yours, anyday.

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post #22 of 42 (permalink) Old 03-24-2009, 10:16 PM
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who cares, it's just damn pieces of paper after all.



in political asylum
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post #23 of 42 (permalink) Old 03-24-2009, 10:22 PM
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who cares, it's just damn pieces of paper after all.
.. as long as we can strong arm the rest of the world into taking them, there is no limit but categorically rejecting a suggestion from our biggest creditor and our former enemy #1 without any further explanation is not a good start.
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post #24 of 42 (permalink) Old 03-24-2009, 10:27 PM Thread Starter
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Originally Posted by bottomline1 View Post
"CBO: Obama's budget would double national debt over decade
By KEVIN G. HALL AND DAVID LIGHTMAN - McClatchy Newspapers
Published: Fri, Mar. 20, 2009 10:28PMModified Fri, Mar. 20, 2009 10:33PM

WASHINGTON -- The national debt held by the public would double over the next decade if President Barack Obama's budget is enacted into law, the nonpartisan Congressional Budget Office projected Friday.

The U.S. government would run budget deficits approaching $1 trillion every year for a decade under Obama's budget, the CBO said."

I'll take the CBO estimate over yours, anyday.
Well skippy, if you insist.

Had you actually used a source that gave real numbers instead of words like "double" or "approaching" you might see that my numbers are correct. For your education.

First the summary:
Obama budget could bring $9.3 trillion in deficits

Then the meat:
http://www.cbo.gov/ftpdocs/99xx/doc9...07-Outlook.pdf

Where did you think I was getting my numbers from? I always get mine from the official source.

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post #25 of 42 (permalink) Old 03-24-2009, 10:33 PM Thread Starter
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The day Bush left office the debt, according to the Dept of Treasury was:
$10,626,877,048,913.08

Just so you will have a reference.
Debt to the Penny (Daily History Search Application)

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post #26 of 42 (permalink) Old 03-24-2009, 10:38 PM
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The saddest thing that many people refuse to admit, is that the US is fast becoming a Chinese colony. How is that for a superpower falling on its ass?
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post #27 of 42 (permalink) Old 03-24-2009, 10:42 PM
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come on now.. say it with me p100, "we're winning"



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post #28 of 42 (permalink) Old 03-24-2009, 10:43 PM
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The saddest thing that many people refuse to admit, is that the US is fast becoming a Chinese colony. How is that for a superpower falling on its ass?
Not until Obama screws up the military big time.
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post #29 of 42 (permalink) Old 03-24-2009, 10:45 PM Thread Starter
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The saddest thing that many people refuse to admit, is that the US is fast becoming a Chinese colony. How is that for a superpower falling on its ass?
There is absolutely nothing funny about this. It would be bad enough having $10Trillion with a ROBUST economy cooking along but to have a $10Trillion Debt, mainly burned up by this foolish Supply Side experiment of Gramm and Kemp that failed three times parked on top of a crashed economy is mindnumbing. And the folks on the right just want to play games as if it is just politics. This has the potential to break this country if it is not done as a fully unified project.

All the bullshit static, echoing failed policies of the past is just braindead. I have yet to hear a viable, honest plan come from the opposition other than "let THEM fail", with the unknown THEM being a nebulous of anything from just Obama to AIG to the entire country. So much for all the patriotic crap they spewed after 9/11. Apparently it was "selective".

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post #30 of 42 (permalink) Old 03-24-2009, 10:55 PM
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^^^Calm down, Bear.
Relax and just let AIG fail.

I don't buy the IT'S TOO BIG TO FAIL excuses and excuses are exactly what they are.
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