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President Obama Wants To Increase US Debt To $13T  
User currently offlineKC135TopBoom From United States of America, joined Jan 2005, 12171 posts, RR: 51
Posted (5 years 2 months 2 weeks 1 day 20 hours ago) and read 3564 times:

Well, here we go again. Obama wants the US Senate to approve pushing the US debt limit from the current $12T to a new high of $13T. The US House already approved the hike before they adjourned in early August. This is on top of the increase in the US debt that Congress already approved in Feb. of this year, when they increased it from $11T to $12T.

http://thehill.com/homenews/senate/5...-must-raise-debt-ceiling-above-12t

In 2008, then Senator Obama blasted then President Bush for asking to increase the debt to the then limit of $11T. Now Obama wants to do it for the second time since he too office just 8 months ago.

Obama's deficet for this year is expected to be $1.6T when FY 2009 ends on 30 September 2009.

49 replies: All unread, showing first 25:
 
User currently offlineOkie From United States of America, joined Jul 2003, 3144 posts, RR: 3
Reply 1, posted (5 years 2 months 2 weeks 1 day 19 hours ago) and read 3537 times:

I am not so sure even my great grandchildren could pay that back at a 60% tax rate.

Time to pull the plug on this insane spending and live within means.

Next up I will be told it is a good idea to have a Pedophile as the "Orphanage Czar"

Okie


User currently offlineABQ747 From United States of America, joined Dec 2006, 851 posts, RR: 1
Reply 2, posted (5 years 2 months 2 weeks 1 day 19 hours ago) and read 3524 times:

Judging by the way things are going, it looks like Republicans will win big in 2010 and 2012. checkmark 


The reason New Mexico is so windy is because Texas sucks and Arizona blows.
User currently offlineAaron747 From Japan, joined Aug 2003, 8218 posts, RR: 26
Reply 3, posted (5 years 2 months 2 weeks 1 day 18 hours ago) and read 3516 times:



Quoting ABQ747 (Reply 2):
Judging by the way things are going, it looks like Republicans will win big in 2010 and 2012

The current GOP has no legs to stand on with this issue as well thanks to the creation of DHS and the bungling of not one, but two wars on the last President's watch. Last I checked, there's all kinds of earmarks on GOP reps' bills to boot.

It's time for a Fiscal Responsibility Party. The FRP needs to destroy the last vestiges of all this ridiculous waste. Get these idiots out of government before there's nothing left!! Join Taxpayers for Common Sense!! (proud member since 2000).



If you need someone to blame / throw a rock in the air / you'll hit someone guilty
User currently offlineWindy95 From United States of America, joined Dec 2008, 2744 posts, RR: 8
Reply 4, posted (5 years 2 months 2 weeks 1 day 17 hours ago) and read 3497 times:



Quoting Aaron747 (Reply 3):
The current GOP has no legs to stand on with this issue as well thanks to the creation of DHS and the bungling of not one, but two wars on the last President's watch. Last I checked, there's all kinds of earmarks on GOP reps' bills to boot.

You forgot the Prescription drug bill. Very few of the current crop have a leg to stand on. But I will also have to agree partly with ABQ747. Much to my joy the Dem's seem to fumbling the baton handed to them and are going to make 2010 a much different election than I could of hoped for 6 month's ago.



OMG-Obama Must Go
User currently offlineCasInterest From United States of America, joined Feb 2005, 4747 posts, RR: 3
Reply 5, posted (5 years 2 months 2 weeks 1 day 17 hours ago) and read 3494 times:



Quoting KC135TopBoom (Thread starter):

Obama's deficet for this year is expected to be $1.6T when FY 2009 ends on 30 September 2009

Not much else anyone can do, while the CEO's and Republicans continue to champion Free Trade and the offshoring of American manufacturing and Service Jobs.

The only way we can buy the cheap stuff from overseas is for them to buy our debt so we can get stimulus checks as everyone goes unemployed.


The US Dollar will have to absolutely crash before we can recover this economy. The current rebound is nothing but a dead cat bounce.



Older than I just was ,and younger than I will soo be.
User currently offlineWindy95 From United States of America, joined Dec 2008, 2744 posts, RR: 8
Reply 6, posted (5 years 2 months 2 weeks 1 day 17 hours ago) and read 3489 times:



Quoting CasInterest (Reply 5):
Not much else anyone can do, while the CEO's and Republicans continue to champion Free Trade and the offshoring of American manufacturing and Service Jobs

The amount could be cut in half if he eliminated Porkulus right now.



OMG-Obama Must Go
User currently offlineCasInterest From United States of America, joined Feb 2005, 4747 posts, RR: 3
Reply 7, posted (5 years 2 months 2 weeks 1 day 16 hours ago) and read 3482 times:



Quoting Windy95 (Reply 6):
The amount could be cut in half if he eliminated Porkulus right now.

nope,
Offshoring has been goinng on before and during the current Stimulus.
All these companies are trying to save costs by moving jobs to foreign cheap labor. Therefore the US citizen's are winding up Unemployed.

The only reason it isn't currently worse is due ot what you call Porkulus.

If we hadn't had Porkulus, the whole economy would have already been ripped apart, and instead of the governemnt (which can actually create money) holding debt, regular citizens would have been wiped out even more than they currently are. If I were in one of the jobs that got saved by the governement taking more debt on, I'd be grateful.


The only thing more US debt should do, is reduce foreign investment in the US, causing inflation here, and the drop of the dollar. However China and other Socialist countries have no problem printing money of their own, socially controlling costs, and buying the US debt in order to control what should be the normal fall of the dollar.



Older than I just was ,and younger than I will soo be.
User currently offline7324ever From Serbia, joined May 2009, 563 posts, RR: 2
Reply 8, posted (5 years 2 months 2 weeks 1 day 16 hours ago) and read 3467 times:

Ohh yay! More taxes!!!!

I understand spending to improve a country but there is a point were too much is too much.

He spends like a Spoiled teen with daddy's credit card. At one point there is a limit were he can sit down work with what he's got cut whats useless build up whats needed.



Anything the US and EU build the Russians do it better! i.e. TU-144 vs Concorde and TU-154 vs The 727...
User currently offlineWindy95 From United States of America, joined Dec 2008, 2744 posts, RR: 8
Reply 9, posted (5 years 2 months 2 weeks 1 day 15 hours ago) and read 3452 times:



Quoting CasInterest (Reply 7):
The only reason it isn't currently worse is due ot what you call Porkulus.

If we hadn't had Porkulus, the whole economy would have already been ripped apart, and instead of the governemnt (which can actually create money) holding debt, regular citizens would have been wiped out even more than they currently are. If I were in one of the jobs that got saved by the governement taking more debt on, I'd be grateful.

You keep on believing this. The amount of so called stimulus that has been spent so far is very small. It has done nothing to stop us from being ripped apart. All it has done is rip us off. Joe Biden says the stimulus is working so it must be true  Yeah sure



OMG-Obama Must Go
User currently offlineGulfStreamGirl From Canada, joined Feb 2006, 203 posts, RR: 1
Reply 10, posted (5 years 2 months 2 weeks 1 day 15 hours ago) and read 3448 times:

Time to get rid of the Federal Reserve Bank


If it wasn't for women ...there would be no such thing as Man :o)
User currently offlineOkie From United States of America, joined Jul 2003, 3144 posts, RR: 3
Reply 11, posted (5 years 2 months 2 weeks 1 day 15 hours ago) and read 3438 times:

Quoting CasInterest (Reply 5):
The current rebound is nothing but a dead cat bounce.

So the real question is, how loud will the "THUD" be?

Okie

[Edited 2009-09-08 14:55:45]

User currently offlineCmhsrq From United States of America, joined Feb 2004, 995 posts, RR: 4
Reply 12, posted (5 years 2 months 2 weeks 1 day 15 hours ago) and read 3428 times:

Come on people this is change you can believe in!!


The voice of moderation
User currently offlineKC135TopBoom From United States of America, joined Jan 2005, 12171 posts, RR: 51
Reply 13, posted (5 years 2 months 2 weeks 1 day 15 hours ago) and read 3422 times:



Quoting Aaron747 (Reply 3):
It's time for a Fiscal Responsibility Party. The FRP needs to destroy the last vestiges of all this ridiculous waste. Get these idiots out of government before there's nothing left!! Join Taxpayers for Common Sense!! (proud member since 2000).

That may be a good option. As you say, both the Repubs and Dems have done this to us.

Quoting CasInterest (Reply 5):
Quoting KC135TopBoom (Thread starter):

Obama's deficet for this year is expected to be $1.6T when FY 2009 ends on 30 September 2009

Not much else anyone can do, while the CEO's and Republicans continue to champion Free Trade and the offshoring of American manufacturing and Service Jobs.

The only way we can buy the cheap stuff from overseas is for them to buy our debt so we can get stimulus checks as everyone goes unemployed.


The US Dollar will have to absolutely crash before we can recover this economy. The current rebound is nothing but a dead cat bounce.

You do know that companies have been moving offshore for the last 45 years, don't you? It started under Johnson, and every Dem Congress since then forced more jobs offshore. It was not the GOP.

Quoting Windy95 (Reply 6):
The amount could be cut in half if he eliminated Porkulus right now.

Well, at least 30%.

Quoting CasInterest (Reply 7):
Offshoring has been goinng on before and during the current Stimulus.

Correct.

Quoting Cmhsrq (Reply 12):
Come on people this is change you can believe in!!

Yeah, we get the shaft and the Chinese get the change.


User currently offlineAaron747 From Japan, joined Aug 2003, 8218 posts, RR: 26
Reply 14, posted (5 years 2 months 2 weeks 1 day 14 hours ago) and read 3418 times:



Quoting CasInterest (Reply 7):
If we hadn't had Porkulus, the whole economy would have already been ripped apart, and instead of the governemnt (which can actually create money) holding debt, regular citizens would have been wiped out even more than they currently are. If I were in one of the jobs that got saved by the governement taking more debt on, I'd be grateful.

Source? Evidence? Anything??

And how many jobs is that relative to the ones that have been lost elsewhere the public sector can't and doesn't have any impact on?



If you need someone to blame / throw a rock in the air / you'll hit someone guilty
User currently offlineDXing From , joined Dec 1969, posts, RR:
Reply 15, posted (5 years 2 months 2 weeks 1 day 13 hours ago) and read 3390 times:



Quoting CasInterest (Reply 5):
Not much else anyone can do, while the CEO's and Republicans continue to champion Free Trade and the offshoring of American manufacturing and Service Jobs.

Sorry but the two are not related. The debt is simply the amount of the defict, plus interest that we have been piling up with very few exceptions for over a hundred years. The spiral has steepened and accelerated in the past 50 years with the passing of the great society programs which are costing more and more every single year but hardly keeping up with what the government has to shell out in interest payments which if left unchecked, will be the biggest single budget item in a few years. The unemployment level, until the fall of last year was pretty near statistical unemployment so people were working and paying taxes. Tax reciepts themselves had been growing over the previous few years but government spending was still out pacing even that. Until we get people in their who will watch the publics pocket book as they do their own, were sunk.


User currently offlineFlighty From United States of America, joined Apr 2007, 8696 posts, RR: 3
Reply 16, posted (5 years 2 months 2 weeks 1 day 13 hours ago) and read 3375 times:



Quoting CasInterest (Reply 7):
All these companies are trying to save costs by moving jobs to foreign cheap labor. Therefore the US citizen's are winding up Unemployed.

That's ridiculous. World trade is a friend of the American consumer, who materially has the world's highest income, by purchasing power.

We are experiencing a bump in the road. It happens. The government and the people should not panic about it.

Quoting KC135TopBoom (Reply 13):
You do know that companies have been moving offshore for the last 45 years, don't you? It started under Johnson, and every Dem Congress since then forced more jobs offshore. It was not the GOP.

Indeed, it has been going on for ... I would say ... hundreds of years.

Quoting KC135TopBoom (Thread starter):
Obama's deficet for this year is expected to be $1.6T when FY 2009 ends on 30 September 2009.

As the richest people in the world, we ought to suck it up and live within our means. Meaning, our government should. Plus our banks and automakers.


User currently offlineKC135TopBoom From United States of America, joined Jan 2005, 12171 posts, RR: 51
Reply 17, posted (5 years 2 months 2 weeks 23 hours ago) and read 3291 times:



Quoting CasInterest (Reply 7):
If I were in one of the jobs that got saved by the governement taking more debt on, I'd be grateful.

Exactly how many jobs has Obama "saved"? How are they counted? How do you prove the numbers are accurate? One number we can put our finger on is the 3,000,000 + jobs lost since Obama signed the stimulus bill back in February.


User currently offlineOkie From United States of America, joined Jul 2003, 3144 posts, RR: 3
Reply 18, posted (5 years 2 months 2 weeks 23 hours ago) and read 3274 times:



Quoting CasInterest (Reply 7):
The only reason it isn't currently worse is due ot what you call Porkulus

We bailed out GM and Chrysler at a rate of $1,400.000.00 per job saved.
We bailed out General Electric Capital at double that rate.

I doubt we will see any return

Porkulus provides nothing but temporary jobs, still keeps the U6 at 17% unemployment.

Okie


User currently offlineCasInterest From United States of America, joined Feb 2005, 4747 posts, RR: 3
Reply 19, posted (5 years 2 months 2 weeks 22 hours ago) and read 3266 times:



Quoting Flighty (Reply 16):
That's ridiculous. World trade is a friend of the American consumer, who materially has the world's highest income, by purchasing power.

How is it a friend when we have 9.7% unemployment. 0% interest rates, and we are still losing jobs?



Older than I just was ,and younger than I will soo be.
User currently offlineCasInterest From United States of America, joined Feb 2005, 4747 posts, RR: 3
Reply 20, posted (5 years 2 months 2 weeks 22 hours ago) and read 3263 times:



Quoting Flighty (Reply 16):
That's ridiculous. World trade is a friend of the American consumer, who materially has the world's highest income, by purchasing power.

Can't have consumers if everyone loses their job

Quoting KC135TopBoom (Reply 17):
Exactly how many jobs has Obama "saved"? How are they counted? How do you prove the numbers are accurate? One number we can put our finger on is the 3,000,000 + jobs lost since Obama signed the stimulus bill back in February.

It would be more, if there weren't roads being built.
I have watched big companies close factories and hire workers overseas.

Do you know what happens when the people that get paid $10 to make a toaster lose their jobs to someone that makes 1/10 of minimum wage?

The person that made the $10 toaster can't afford it becasue they have no job,
the person making 1/10th of minimum wage can't afford it, becase their country wants to export it to the US.

The service level jobs that are supposed to replace these menial jobs are getting destroyed. Financial industry, Car Sales, Telecommunication, Lab Techs, Paralegal, Engineering. These jobs are being offshored due to the cheaper labor elsewhere.

The US has been in a freefall since 2000. The only thing that has saved everone during that time , was the big lie of the Housing Bubble.


This economy would have lost another 2-4 million by now without the extra spending.

The US economy is in a race to the bottom, and the only thing saving it is the dumb countries that keep buying the debt.



Older than I just was ,and younger than I will soo be.
User currently offlineD L X From United States of America, joined May 1999, 11486 posts, RR: 52
Reply 21, posted (5 years 2 months 2 weeks 21 hours ago) and read 3255 times:



Quoting Windy95 (Reply 4):
Much to my joy the Dem's seem to fumbling the baton handed to them

Why do you find "joy" in what you believe is mishandling of the country? That's a great attitude. "I want my team to win, and your team to lose" is not very patriotic.



Send me a PM at http://www.airliners.net/aviation-forums/sendmessage.main?from_username=NULL
User currently offlineDXing From , joined Dec 1969, posts, RR:
Reply 22, posted (5 years 2 months 2 weeks 21 hours ago) and read 3250 times:



Quoting D L X (Reply 21):
That's a great attitude. "I want my team to win, and your team to lose" is not very patriotic.

Well it seems as if the democratic party has been practicing that old Roman addage, "It is not enough that I win, he must fail." for quite some time.


User currently offlineD L X From United States of America, joined May 1999, 11486 posts, RR: 52
Reply 23, posted (5 years 2 months 2 weeks 19 hours ago) and read 3231 times:



Quoting DXing (Reply 22):
Well it seems as if the democratic party has been practicing that old Roman addage, "It is not enough that I win, he must fail." for quite some time.

How many times must I tell you, your "argument" is BS if all you do is say Democrats do it too. It's a sign that you have no answer to the charge.



Send me a PM at http://www.airliners.net/aviation-forums/sendmessage.main?from_username=NULL
User currently offlineDXing From , joined Dec 1969, posts, RR:
Reply 24, posted (5 years 2 months 2 weeks 19 hours ago) and read 3228 times:



Quoting D L X (Reply 23):
How many times must I tell you, your "argument" is BS if all you do is say Democrats do it too. It's a sign that you have no answer to the charge.

How many times do I have to tell you you show your colors everytime you post this kind of stuff. That you don't want to admit it just adds "hypocrite" to the list. You can try and maintain this laughable cover as "moderate" or "independent" but you're not fooling anyone.


25 KC135TopBoom : What roads are being built right now with stimulus money? NONE. Why? Because the bill was written so 75% of the funds would be spent just before the
26 CasInterest : What year? 1980? Tons of road and airport projects going on in NC from the stimulus. Doesn't matter who caused it buddy. The problem is that it has d
27 EA772LR : Absofreakinlutely!!!! The CHANGE Obummer was talking about was the CHANGE jingling in our pockets after he's ripped a whole in wallets to pay for his
28 D L X : Not trying to fool anyone. You and other posters such as KC135TopBoom and Windy made the illogical leap that I must be a democrat because I'm not a r
29 Post contains images PSA53 :
30 Post contains links KC135TopBoom : I just bought a new one last year. I think if you look into the funding on those projects, you will none of the funding is from the 2009 stimulus bil
31 BigBadBoo : Try term limits. The only thing politcians care about is staying in power, making that not an option will see that only those morally committed to wh
32 PPVRA : Think about it: if they can "create" money, why not keep on creating until everyone is a millionaire? If that idea made any sense whatsoever, everyon
33 Post contains links Aaron747 : These guys are pretty close to what you describe there: http://www.lp.org/
34 Casinterest : Because that is what causes inflation. Which is what everyone is worried about. However since the jobs aren't getting the created and the money conti
35 DXing : That's good because you're very poor at it. Yet when was the last time we ever saw you disagree with liberal version of events? So you can claim what
36 D L X : Sit down, clear your mind, and think about it for a minute. It will come to you. It happens, you just don't notice it. I've even agreed with KC135 re
37 808TWA : All these ideas of "Buy American" or "Buy Canadian" etc is generally a flawed theory. Most products claiming to be "Made in America" is almost guaran
38 KC135TopBoom : The Liberitarians. You do know our money printing presses are running on overtime in Fort Worth, don't you? Somehow, I didn't expect you to understan
39 CasInterest : I will always question the patriotism of those that put politics before other matters in this country. Always.
40 CasInterest : Yep, but the Chinese keep buying up dollars that we send them to pay for their cheap products. Can't have inflation in the US if the Money isn't stay
41 Flighty : And active duty military could wipe themselves with your questions. Definitely right about that. And, many Americans make very good livings engaging
42 KC135TopBoom : Correct, how many times have you put your ass on the line for this country? Just who's politics don't you like? Liberal? Conservitive? Moderate? Deba
43 Post contains links Bhill : Topboom...'fraid not...miles and miles of paving have been done on I-5 here... http://www.wsdot.wa.gov/funding/stimulus/
44 Post contains links KC135TopBoom : " target=_blank>http://www.wsdot.wa.gov/funding/stimulus/ Only about $62.5B (total), of the $787B stimulus bill money has been spent, through August
45 D L X : Do you think that gives you a free pass? You really should stop playing the patriot card. There are many ways to serve other than being in a tanker.
46 DXing : As always, I callem as I seeum.
47 KC135TopBoom : When CasInterest, or anyone else, challanged my patriotism, yes, I will play the patriot card. BTW, tankers are flying on the front lines, and get sh
48 D L X : KC135, this is exactly why you shouldn't get into arguments about comparative patriotism with people on the net. You don't know them, and they might c
49 KC135TopBoom : Not by some 25 year old kid who doesn't know anything beyond 1s and 0s. Thank you for your service, sir. That's right, you have an aircraft maintenan
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