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HomeOff Topics News & Politics › Obama's comment on.... *National DEBT* Truly stunning!
09-19-2013 02:30 PM  5 years agoPost 1
InvertedDude

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USA

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The President must be suffering from some form of mental illness.

WOW!!!! What part does he not understand? Failure to pay on national interest debt result in default and economic chaos!

http://cnsnews.com/mrctv-blog/craig...ugh-it-has-over

JEEZ people!

I am going stick it to you Democrat, Liberal and Minority Voters that voted for this clown. You people should be ashamed of yourselves! Something tells me you are not ashamed of yourselves and will just pull out the racist card 101! You fools own this President and I have lost my respect for the voter base. You will always deemed to be suffering of retardation in my book!

I will no longer look at Obama voter base as having any form of intelligence. You people are truly stupid beyond stupid. Your crowning achievement will be the destruction of the USA. Guess what, your welfare and any form of Gov't assistance will stop when that time comes! Didn't think that far ahead did ya fools? LOL!!!

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09-20-2013 12:27 AM  5 years agoPost 2
rcsoar4fun

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Boise, Idaho

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Obama reminds me of the people that complain the "stupid credit card company is trying to screw me!" because they are over the credit limit and the company won't give them an increase.

However, technically increasing the ceiling doesn't increase our debt. Democrats do.

I give up on Loctite, nothing lasts long enough to vibrate loose anymore.

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09-20-2013 01:15 AM  5 years agoPost 3
spaceman spiff

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Tucson

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Well he is kinda right... Ceilings don't waste insane amounts of money.

He does that.

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09-20-2013 01:29 AM  5 years agoPost 4
Dennis (RIP)

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Oregon

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Increasing the countries debt is a default action. Thats why the vote on increasing the debt ceiling always passes and gets a positive vote.

If Washington DC did not want to increase our debt, the vote would never pass. The fact that it has passed with a positive vote over 100 times should tell you what is on the minds of the people running our government and claiming to be working for us.

The federal government grows an average of 7% per year practically since it existed. That is built into the system. It will not stop until the American people feel great, great pain as a direct result. The pain has not been severe enough yet. There will be a day when it will. There is no question of that.

If we last that long, our kids and grand kids will be subject to hyper taxes to pay for the foolishness of today. They will have no future except to pay for our past.

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09-20-2013 01:40 AM  5 years agoPost 5
spaceman spiff

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Tucson

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A debt cieling vote may always end up as a yes, but the whole point is there may be some spending control compromise associated with it.

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09-20-2013 01:59 AM  5 years agoPost 6
Dennis (RIP)

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Oregon

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Spending control alone will never be enough.

The only way to stop it is to hold a constitutional convention and create constitutional law that the budget must be balanced each year with no deficits.

Otherwise, they will twist the meaning of "spending control" and still spend as much as they choose. Which, of course, means spending more than we have. They have done that for decades upon decades. It will not change.

Thats why they use whats called "Base Line Budgeting" in Washington DC. "Base Line Budgeting" simply means that you are trimming 1% from a budget of 7% of spending more than you take in. That way you can get on the air waves and claim you have saved the American people 1%. In actuality you have cost them 6% in spending more than you take in. The original 7% is considered the "Base Line".

If "Base Line Budgeting" were used in private industry, people would go to jail.

Got it?

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09-20-2013 02:37 AM  5 years agoPost 7
spaceman spiff

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Tucson

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Got it?
Take a pill.

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09-20-2013 04:35 AM  5 years agoPost 8
dilberteinstein

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texas - USA

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Watch at YouTube

Lying worthless pile of...

90% of life is "showing up"

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09-20-2013 04:48 AM  5 years agoPost 9
dilberteinstein

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texas - USA

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Obama: Not Always a Fan of Upping Debt Ceiling

While President Obama’s economic advisor Austin Goolsbee argued Sunday that a refusal by the Senate to increase the government’s debt ceiling (currently $14.3 trillion) would be “catastrophic” and a sign of “insanity,” that’s not the position the president has held in the past.

Here are Obama’s thoughts on the debt limit in 2006, when he voted against increasing the ceiling:
The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.
In 2007 and in 2008, when the Senate voted to increase the limit by $850 billion and $800 billion respectively, Obama did not bother to vote. (He did vote for TARP, which increased the debt limit by $700 billion.)

http://www.nationalreview.com/corne...-katrina-trinko

Lying worthless pile of...

90% of life is "showing up"

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09-20-2013 06:24 AM  5 years agoPost 10
nitro fun

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Oc ca

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Ahhhhh and let's not forget this.....

Because a mind of a democrat can only remember yesterday

Watch at YouTube

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09-20-2013 01:57 PM  5 years agoPost 11
Spindle

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Punta Gorda

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Wow no libtard defense?I think the tards are beginning to see the real Barry soetero.

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09-20-2013 03:51 PM  5 years agoPost 12
rcmiket

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El Paso,Texas

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Wow no libtard defense?
All they will say is "it's Bush's fault"

Mike

"When Inverted down is up and up is expensive"

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09-20-2013 03:57 PM  5 years agoPost 13
Phaedrus

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S. Orange County, California

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MYTH: Raising the debt limit increases the federal government’s obligations.

FACT: Raising the debt limit simply allows the government to meet its existing legal obligations.
The amount of debt that the government must issue to meet its existing legal obligations is determined based on previous spending and revenue decisions made over many years by Congresses and presidents of both parties. Raising the debt limit simply allows the government to meet those existing legal commitments to investors, seniors, soldiers, and millions of other Americans. Refusing to raise the debt limit does nothing to reduce those existing obligations or cut the deficit.

http://www.treasury.gov/initiatives...act%20FINAL.pdf
Oh, and this is not meant as a "defense". It is a simple statement of fact issued by the Treasury Department, which I am sure you all will very predictably deny or otherwise dismiss because it contradicts your fantasy reality.

AMA Leader Member
Go FASST, or Go Home!!
Team Futaba

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09-20-2013 04:03 PM  5 years agoPost 14
Spindle

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Punta Gorda

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Oh, and this is not meant as a "defense". It is a simple statement of fact issued by the Treasury Department, which I am sure you all will very predictably deny or otherwise dismiss because it contradicts your fantasy reality.
Here is a libtard defense.

so what happened back in 2007 when Obama was stating that raising the debt ceiling was irresponsible and un american,un patriotic etc etc?

Watch at YouTube

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09-20-2013 04:18 PM  5 years agoPost 15
Phaedrus

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S. Orange County, California

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Indeed, what has changed??

AMA Leader Member
Go FASST, or Go Home!!
Team Futaba

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09-20-2013 04:30 PM  5 years agoPost 16
Spindle

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Punta Gorda

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Reagan wasnt against it before he was for it.
And the debt was only around 2.3 trillion then,NOT 17 trillion as it is now.

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09-20-2013 04:40 PM  5 years agoPost 17
GREYEAGLE

rrElite Veteran

Flat Land's

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aH hECK THEIR SLEEPING over nite on the side walk's to get the New release of the I- Phone

Then off to get their assistance

Government Guaranteed in Polar Bear Coin's

greyeagle

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09-20-2013 04:53 PM  5 years agoPost 18
Phaedrus

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S. Orange County, California

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Reagan wasnt against it before he was for it.
And the debt was only around 2.3 trillion then,NOT 17 trillion as it is now.
So it is the magnitude not the concept you oppose. It was OK for Reagan to do it when it was smaller, but not OK for Obama now that it is higher? BTW - the point was that people & parties can change their minds, which you see to have issue with Obama doing.

AMA Leader Member
Go FASST, or Go Home!!
Team Futaba

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09-20-2013 04:55 PM  5 years agoPost 19
Spindle

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Punta Gorda

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So it is the magnitude not the concept you oppose. It was OK for Reagan to do it when it was smaller, but not OK for Obama now that it is higher? BTW - the point was that people & parties can change their minds, which you see to have issue with Obama doing.
Obama double the debt in ihs first term and it took 43 previous presidents to get to the level we were at in 2007,so YES it is the MAGNITUDE DUMMY!

As for the changing their mind part,you you libtards voted for that guy,not this guy that has completely changed his mind on EVERYTHING DUMMY.

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09-20-2013 05:30 PM  5 years agoPost 20
Dennis (RIP)

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Oregon

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HomeOff Topics News & Politics › Obama's comment on.... *National DEBT* Truly stunning!
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