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Thema: 16 trillion in debt and it's climbing and Obama created the bulk of it.
No. The policies that created the trend to not balance the books started decades ago. Increased military spending, tax cuts which has seen the top rates tumble.
If the tax levels were as they were back before Raygun.. the loopholes wouldn't really matter. But the taxation levels have dropped and the 1% still use loopholes.
Thema: Re: 16 trillion in debt and it's climbing and Obama created the bulk of it.
Artful Dodger: Any spending already earmarked for DoD? Bank handouts?? Did the rules for accounting suddenly change or the previous years balance sheet predict nothing carried forward??
No. Nor does it work that way in any business or economy.
Stop trying to use lame economics and selective history!!
Thema: Re: 16 trillion in debt and it's climbing and Obama created the bulk of it.
(V): You must not remember Obama's please right after taking office for the massive spending bills. New spending bills under Obama. His proposal. And under his administration 6 trillion more in debt.
Thema: Re: 16 trillion in debt and it's climbing and Obama created the bulk of it.
(V): Like adding 6 trillion to the national debt isn't bad enough now it matters how he spent it. Millions wasted on failed green energy projects and millions more creating few jobs. Now it has to be paid back and in the meantime more is being spent. The Fed prints money. It's beyond stupid.
Thema: Re: Like adding 6 trillion to the national debt isn't bad enough now it matters how he spent it
(V): Oh he spent much more than 6 trillion. He spent so much that he had to borrow that much and it won't be paid back for generations. What matters it that it put the country in financial jeopardy. And as I said much was a waste.
Thema: Re: 16 trillion in debt and it's climbing and Obama created the bulk of it.
Artful Dodger: (V) wrote... [ Stop trying to use lame economics and selective history!! ]
Yeah AD!! Do you have any proof from scholars historians or archaeologists that can confirm your theory of what took place in the distant past? Can you prove Bill Clinton actually existed... Or how about the past 4 years? The story of Obama the Unknowable is so bizarre and full of impossible scenarios that it couldn't have possibly happened...
...please tell me it didn't happen. I don't WANT for it to have happened. Tell me a NICE bed time story, one that won't get my knickers all in twist.