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http://www.usdebtclock.org/

The rising national debt is really scary, but not a website with algorithmically growing numbers that have no connection/input from real data.

These debt-clocks also predate 01/21/09

mmhmm... I'd tell you to thank Bush junior but it's all Obama's fault aint it.

lilTanker saidmmhmm... I'd tell you to thank Bush junior but it's all Obama's fault aint it.

Its the American citizenry's fault. Greed happens at all levels, the adoption of easy credit and the abuse thereof by main street contributed just as much as the evil lenders and financiers swindling.

But the number hella scary, yessir.

RST2009 said

lilTanker saidmmhmm... I'd tell you to thank Bush junior but it's all Obama's fault aint it.

Its the American citizenry's fault. Greed happens at all levels, the adoption of easy credit and the abuse thereof by main street contributed just as much as the evil lenders and financiers swindling.

But the number hella scary, yessir.

It is easy to blame the government for the nation's debt that way the real culprits, THE AMERICAN CONSUMER, don't have to feel guilty for over spending above their means in the name of greed, and not necessarily of need!


♥ Leandro ♥

http://www.cbsnews.com/blogs/2009/11/17/politics/politicalhotsheet/entry5686644.shtml

"But the White House budget review issued in August projects that by the end of the current fiscal year on Sept 30th, the National Debt could top $14 trillion.

It gets worse. The same document projects that by the end of the decade, the National Debt will hit $24.5 trillion -- exceeding the Gross Domestic Product projected for 2019 of $22.8 trillion."

Obama's policy will double the national debt in less than 10 years. Bush's policy doubled the debt when he was in office also. However going from 6-12 and 12-24 is a huge difference. Obama complains about the mess Bush left, yet he's making it so much worse. Whats even more amazing, that 24.5 trillion doesn't include the cost of healthcare and cap and trade.

I don't see how anyone can argue that increasing the debt is good for the country.

sportsguy933 saidI don't see how anyone can argue that increasing the debt is good for the country.

I just watched Robert Reich (former Clinton Admin cabinet member - I think Secretary of Labor) defend continued deficit spending by the government because "that is how jobs will be created and how we can bring about an economic recovery!" (CNBC / 7pm-8pm eastern time)

southbeach1500 said

sportsguy933 saidI don't see how anyone can argue that increasing the debt is good for the country.

I just watched Robert Reich (former Clinton Admin cabinet member - I think Secretary of Labor) defend continued deficit spending by the government because "that is how jobs will be created and how we can bring about an economic recovery!" (CNBC / 7pm-8pm eastern time)

Printing money = inflation. Tough times are ahead for the USA.

It amazes me how few of you understand macroeconomics.

Any deficit will remain troubling if the revenues don't grow to cover it. Revenues cannot grow unless the economy grows and people are put to work.

Right now the economy is not producing jobs---and is in fact still shedding them---so even a stable deficit would be harder to pay off from the shrinking federal revenue pool. But once people are working and earning and paying taxes again, the deficit---any size deficit---will shrink faster than previously, because the revenues exist to pay it down, and not just at the monthly minimum (think credit cards here).

But to create these jobs in the total absence of demand, the government must spend. The problem isn't that they're spending too much, it's that they're spending way too little.

Largely because people like the posters above don't understand the difference between macro- and micro-economics.

Of course, for Republicans, this is all just wonky liberal intelligentsia elitism, and has nothing to do with hunting moose in Wasilla.

RST2009 said
Printing money = inflation. Tough times are ahead for the USA.

This is wrong too.
We are in a deflationary spiral, not an inflationary one. And deflation is wayyyy scarier than inflation.

jprichva said

RST2009 said
Printing money = inflation. Tough times are ahead for the USA.

This is wrong too.
We are in a deflationary spiral, not an inflationary one. And deflation is wayyyy scarier than inflation.

The fallacy that government spending/deficits stimulate the economy has gained credibility because the extra spending is so often financed by creating new money.

RST2009 said

jprichva said

RST2009 said
Printing money = inflation. Tough times are ahead for the USA.

This is wrong too.
We are in a deflationary spiral, not an inflationary one. And deflation is wayyyy scarier than inflation.

The fallacy that government spending/deficits stimulate the economy has gained credibility because the extra spending is so often financed by creating new money.

Okay.
Um.
This is bizarre, and it's clear that you're not worth discussing this with. You are in the grip of fantasy.

jprichva saidAny deficit will remain troubling if the revenues don't grow to cover it. Revenues cannot grow unless the economy grows and people are put to work.

Thanks for clearing that up, Captain Obvious.

jprichva saidBut to create these jobs in the total absence of demand, the government must spend. The problem isn't that they're spending too much, it's that they're spending way too little.

Mmmmm... That was tried in a place called the Soviet Union... Didn't turn out too well for them.

jprichva saidIt amazes me how few of you understand macroeconomics.

You must apparently amaze yourself, then.

lilTanker saidmmhmm... I'd tell you to thank Bush junior but it's all Obama's fault aint it.

Well, it does get old, doesn't it? All southbeach1500 does is post one inflammatory anti-Obama item after another. This isn't discussion, it's persecution.

It's what Rush Limbaugh called upon Republicans to do, make sure that Obama fails. And southbeach blindly marches to that drummer.

What we see are misleading statistics, biased articles, faulty logic, and outright lies. All southbeach serves to do is channel that Republican crap through this web site. It upsets everyone with half a brain who knows better, wastes thread space arguing with a determined troublemaker, and causes dissension and disputes among RJ members.

Red_Vespa said

lilTanker saidmmhmm... I'd tell you to thank Bush junior but it's all Obama's fault aint it.

Well, it does get old, doesn't it? All southbeach1500 does is post one inflammatory anti-Obama item after another. This isn't discussion, it's persecution.

It's what Rush Limbaugh called upon Republicans to do, make sure that Obama fails. And southbeach blindly marches to that drummer.

What we see are misleading statistics, biased articles, faulty logic, and outright lies. All southbeach serves to do is channel that Republican crap through this web site. It upsets everyone with half a brain who knows better, wastes thread space arguing with a determined troublemaker, and causes dissension and disputes among RJ members.

What is anti-Obama about posting the amount of our national debt?

What is anti-Obama about posting the fact that public support for the health care bill is at it's lowest point ever - at 38%.

I haven't written anything saying it's Obama's fault. Please re-read those two threads.

southbeach1500 said

Red_Vespa said

lilTanker saidmmhmm... I'd tell you to thank Bush junior but it's all Obama's fault aint it.

Well, it does get old, doesn't it? All southbeach1500 does is post one inflammatory anti-Obama item after another. This isn't discussion, it's persecution.

It's what Rush Limbaugh called upon Republicans to do, make sure that Obama fails. And southbeach blindly marches to that drummer.

What we see are misleading statistics, biased articles, faulty logic, and outright lies. All southbeach serves to do is channel that Republican crap through this web site. It upsets everyone with half a brain who knows better, wastes thread space arguing with a determined troublemaker, and causes dissension and disputes among RJ members.

What is anti-Obama about posting the amount of our national debt?

What is anti-Obama about posting the fact that public support for the health care bill is at it's lowest point ever - at 38%.

I haven't written anything saying it's Obama's fault. Please re-read those two threads.

I'm blocking you as the worst troublemaker on this site. Fini

jprichva saidOf course, for Republicans, this is all just wonky liberal intelligentsia elitism, and has nothing to do with hunting moose in Wasilla.

I have to say, that clock in the link is hard to look at. It is more busy than a Republican senator in an airport bathroom. It reminds me of that old game "mousetrap"

I'm not sure of how the government is spending way too little, when it sends $6.4 billion to 440 congerssional districts to "create or save" 30,000 jobs. That averages out to almost $225,000/job ! What I really don't understand about this though, is how can the government be spending too little on job creation when the 440 congressional districts that got the $6.4 billion don't exist and neither do the 30,000 "created or saved" jobs ! I'm having a difficult time understanding how under the current administration the country went from 435 congressional districts to 875 congressional districts over night and we aren't spending enough on job creation?

southbeach1500 said

jprichva saidBut to create these jobs in the total absence of demand, the government must spend. The problem isn't that they're spending too much, it's that they're spending way too little.

Mmmmm... That was tried in a place called the Soviet Union... Didn't turn out too well for them.

jprichva saidIt amazes me how few of you understand macroeconomics.

You must apparently amaze yourself, then.

Apparently you not only want to advertise your complete ignorance of real-world economics, you are prepared to take out a billboard in Times Square to do it.

Have fun. Humiliate yourself. You do have a special gift for it.

shybuffguy saidI'm not sure of how the government is spending way too little, when it sends $6.4 billion to 440 congerssional districts to "create or save" 30,000 jobs. That averages out to almost $225,000/job ! What I really don't understand about this though, is how can the government be spending too little on job creation when the 440 congressional districts that got the $6.4 billion don't exist and neither do the 30,000 "created or saved" jobs ! I'm having a difficult time understanding how under the current administration the country went from 435 congressional districts to 875 congressional districts over night and we aren't spending enough on job creation?

Careful.... jprichva may complain to an administrator on here and have you banned! These unpleasant facts you write about are not things that the liberal / Democrat drones on here like to read. It "agitates" them.

Red_Vespa said

lilTanker saidmmhmm... I'd tell you to thank Bush junior but it's all Obama's fault aint it.

Well, it does get old, doesn't it? All southbeach1500 does is post one inflammatory anti-Obama item after another. This isn't discussion, it's persecution.

It's what Rush Limbaugh called upon Republicans to do, make sure that Obama fails. And southbeach blindly marches to that drummer.

What we see are misleading statistics, biased articles, faulty logic, and outright lies. All southbeach serves to do is channel that Republican crap through this web site. It upsets everyone with half a brain who knows better, wastes thread space arguing with a determined troublemaker, and causes dissension and disputes among RJ members.

The article I posted, is CBS which is not biased right and if anything biased left. And the stats from that article comes from the whitehouse itself, not a 3rd party. So unless your saying the whitehouse is giving misleading stats, then your right.

sportsguy933 said

Red_Vespa said

lilTanker saidmmhmm... I'd tell you to thank Bush junior but it's all Obama's fault aint it.

Well, it does get old, doesn't it? All southbeach1500 does is post one inflammatory anti-Obama item after another. This isn't discussion, it's persecution.

It's what Rush Limbaugh called upon Republicans to do, make sure that Obama fails. And southbeach blindly marches to that drummer.

What we see are misleading statistics, biased articles, faulty logic, and outright lies. All southbeach serves to do is channel that Republican crap through this web site. It upsets everyone with half a brain who knows better, wastes thread space arguing with a determined troublemaker, and causes dissension and disputes among RJ members.

The article I posted, is CBS which is not biased right and if anything biased left. And the stats from that article comes from the whitehouse itself, not a 3rd party. So unless your saying the whitehouse is giving misleading stats, then your right.

Is your name southbeach1500?

jprichva said

RST2009 said

jprichva said

RST2009 said
Printing money = inflation. Tough times are ahead for the USA.

This is wrong too.
We are in a deflationary spiral, not an inflationary one. And deflation is wayyyy scarier than inflation.

The fallacy that government spending/deficits stimulate the economy has gained credibility because the extra spending is so often financed by creating new money.

Okay.
Um.
This is bizarre, and it's clear that you're not worth discussing this with. You are in the grip of fantasy.

No. He's not. You are, however, economically retarded. (Macro and micro)

shybuffguy saidI'm not sure of how the government is spending way too little, when it sends $6.4 billion to 440 congerssional districts to "create or save" 30,000 jobs. That averages out to almost $225,000/job ! What I really don't understand about this though, is how can the government be spending too little on job creation when the 440 congressional districts that got the $6.4 billion don't exist and neither do the 30,000 "created or saved" jobs ! I'm having a difficult time understanding how under the current administration the country went from 435 congressional districts to 875 congressional districts over night and we aren't spending enough on job creation?

source, please

B71115 saidNo. He's not. You are, however, economically retarded. (Macro and micro)

Another simpleton speaks up.

Okay, I'm only going to teach you this shit once, so listen.

Macroeconomics has nothing to do with what a sensible household does in recessionary times. A sensible household balances its checkbook. A government does the opposite.

Please, read something besides Sarah Palin's and Glenn Beck's books before you humiliate yourselves further. Read an economics textbook.

Oh, right, how elitist and liberal and intellectual of me.

Idiot.