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1.6 Trillion! Where do you stand?

Discussion in 'Political Discussion' started by mgcolby, Aug 21, 2009.

  1. mgcolby

    mgcolby Woohoo, I'm a VIP!!! PatsFans.com Supporter

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    Just curious what folks thought about our current deficit. A year ago at this time 456 Billion was terrible and Americans on both sides were outraged. Both Obama and John said they would curb spending.

    Now 7 months into the new administration that figured has tripled!!!

    I feel cheated!!!!
  2. PressCoverage

    PressCoverage Banned

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    can't disagree with you on this ... it's disgusting.

    I just feel Obama is trying alternative medicine to try and cure a terminal illness. I don't see how it is going to work.

    Energy is the economy. Not printing presses.
  3. mgcolby

    mgcolby Woohoo, I'm a VIP!!! PatsFans.com Supporter

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    Oil got us into this mess or should I say the speculators and all the jackasses that let them do it. So I can't disagree with you either.

    I just can't believe that the same outrage isn't there over our deficit tripling in less than 7 months. What do we have to show for it? A broke car company, ****ed up banks and the economy probably is where it would have been (or at least in the same ballpark) had we not done the bailout.

    Yet no uproar over it. Does it truly have to be an election year to get the douche bags to get off their couches and get pist?

    I think the cost of the Health Care plan or the true lack of known cost for the public option in the Health Care bill is part of the resistance. But I don't see it as a major driving force behind it. Which is a shame, IMO.
  4. apple strudel

    apple strudel Banned

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    Let's all remember that the economy is now stabilizing due to a prompt injection of cash necessitated by the greatest economic collapse since the great depression. We made a choice and usually that's the right choice. Economists generally agree with the approach as well, and it appears to have worked.

    That said we can safely say that everybody opposes deficits. I certainly do. And our current situation is worsened by 40 years of deficit spending. That is the real problem. Once health care reform is no longer the top priority balancing the budget should be the next priority.
  5. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    The is chump change the administration just raised their 'estimate' of the debt by another 2T more.

    Of course we should believe their 'estimates' on the cost of health care, after their utter failure to predict the deficit & the levels of unemployment.

    News: Australian Stock, Share & Commodity Markets News - Tradingroom.com.au


  6. PressCoverage

    PressCoverage Banned

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    apple, i have to disagree with you here.

    The economy isn't stabilizing at all. This is the calm before the storm. A mirage.

    As of just last week, the FDIC is bankrupt. ... Want more signs? 150 additional banks are about to collapse, our government is buying up its own treasuries (despite it lying to us that "demand is strong" for treasuries), unemployment is closer to 17% and rising, and... whaddya know? oil prices are going right back up...

    Optimism about a recovery starting to fizzle

    Observers expect stocks’ rally to end as economic reality starts to set in

    By John W. Schoen
    Senior producer
    msnbc.com
    updated 1:27 p.m. ET, Mon., Aug 17, 2009

    What happened to all the optimism?

    Less than a week ago, many people were celebrating the beginning of the recovery. The Federal Reserve itself claimed the economy is “leveling out.”

    Now some investors and market watchers say the stock market may have overestimated the prospects for an economic rebound — and share prices could be due for a bigger pullback after a 50 percent surge since March.​
    Last edited: Aug 21, 2009
  7. mgcolby

    mgcolby Woohoo, I'm a VIP!!! PatsFans.com Supporter

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    Well there is a difference between projected and actual. I have been working with government budgets since I was 18 (not that I was making the budget, but working within them). And every year we seem to do a "five year projection" and the current year never seems to line up with the projection from the year before.

    Projections are a joke and are a waste of time. They spit out a number that is based on the current situation, with little to no room for wiggle. And on top of that how can anyone forecast a fluid situation that is massaged by unknown future events?

    When in your life has your situation not changed for a whole 5 years? Let a lone 10!

    Although if our government keeps spending trillions of dollars a year when it is only receiving billions....well then it doesn't take a mathematician to figure that out.
    Last edited: Aug 21, 2009
  8. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    Golden Boy is running the show now so there won't be to much blubbering about it.

    He Has Such A Beautiful Smile
  9. wistahpatsfan

    wistahpatsfan Rookie

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    The deficit number is so bizarre and incomprehensible that I have a hard time picking one entity to blame so I'll blame them all, including many of my neighbors, friends and family for voting for Republicrats, borrowing way more than they could ever pay back. Meanwhile, we stood idly by while our government waged unnecessary wars to line the pockets of their friends, spent like a drunk, allowed corporations to export jobs, failed to renovate our energy policy, and set the Chinese up to rule this coming century.

    We're to blame for being lazy, afraid, obedient, stupid, and easily distracted.
    Last edited: Aug 22, 2009
  10. Fogbuster

    Fogbuster Rookie

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    1.6 trillion??? Try [highlight] 11 TRillion. [/highlight] That's Obama's bill to America so far. National debt hits record $11 trillion - Manu Raju - POLITICO.com

    $11 trillion US debt - Google Search

    But he travels well, his wife gets her $5000 hand bag and $600 sneakers, and they get to romp on the Vineyard with the Kennedys and Kerrys.

    And Nancy Pelosi and Harry Reid just requisitioned several new ultra-luxury private jets for their weekend get-aways to the Caymans, Aspen, the Hamptons and other (undisclosed) locales.

    Ted Kennedy wants to appoint his own successor for when he dies.


    What a country.

    Learn Chinese, you're going to need it. Certainly your children will.

    //
  11. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    Obama is no different than Bush, Carter Regan Kennedy etc etc, they and all their ball-washing grinning lapdogs are nothing but a pack of lying scumbag politician Pigs.
  12. mikey

    mikey Rookie

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    What happened to Billy Blue Dress? :confused:


    .
  13. mikey

    mikey Rookie

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    I thought we had a "surplus" spending during the Clinton years.


    .
  14. wistahpatsfan

    wistahpatsfan Rookie

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    My daughter's taking Mandarin starting this year. Know why? Because she wants to be able to communicate and do business with 1/4 of the Earth's population...not because she's afraid of them. She recognizes that the world is becoming smaller, safer, and more interconnected. Xenophobia doesn't register in a junior high student. We do our best to raise her to be unafraid. She is afraid of spiders, though.
  15. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    I forgot him..........:(
  16. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    Spiders,
    They can be trouble, I was bitten by one a few years ago and had to have shots for it.
    Your daughter is right the world is changing faster as each day passes, these little phones amaze me with the things the kids do with them..........
  17. wistahpatsfan

    wistahpatsfan Rookie

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    No phone for my kids until they get to High school. They don't want them, anyways...they see how distracted I get with mine going off all the time. Last week I threw mine in a lake because I was on vacation and it kept taking voicemails. Some of these azzholes were calling me knowing that I was on vacations! WHO DOES THAT?
  18. Real World

    Real World Moderator Staff Member

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    I think we're looking at an "L" shaped recovery. That's not good. At what point do we slash spending across the board, and institute some kind of policy, be it punitive, or rewarding, that entices companies to keep their work here at home? We're in desparate need of sensible, intelligent, experienced leadership, that isn't afraid to ruffle some feathers, and make difficult decisions. We don't have that on either side right now.
  19. PressCoverage

    PressCoverage Banned

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    You're not really ruled by anyone here, so you don't have much say... You're an expatriate.
  20. Fogbuster

    Fogbuster Rookie

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    Dude, I go back and forth to the States all the time. I own property in the States, I have many interests in the States, probably more than you do. I am a U.S. citizen, and always will be. My passport is the US of A, and everybody sees me as American where ever I go. So drop the "expat" derision. It's yet another attempt at the marginalization m.o. on your part, which is not only untrue but offensive to boot.


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