Mar 20 - National Debt has increased more under Obama than under Bush

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 6 years ago '09        #61
klm1015 10 heat pts10
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 easybreezy88 said:
It takes money to make money .....that's all I'm gonna say.
Stop it you sound like an idiot right now.
 6 years ago '05        #62
Philly B 41 heat pts41
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 klm1015 said:
Stop it you sound like an idiot right now.
Right, dude MIGHT have a point if America was making money instead of diving deeper into debt by the minute. Where's all this money Obama is making from the money he spent?
 6 years ago '12        #63
noverum 
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 stl12188 said:
Right, dude MIGHT have a point if America was making money instead of diving deeper into debt by the minute. Where's all this money Obama is making from the money he spent?
No, he has no point regardless. The theory of government "making" money by spending money involves investing in businesses that might not otherwise receive the support that they need to stay afloat. That was the logic behind the bailout package.

Government influence and the subsequent regulatory force that follows invariably leads to a corruption of capitalistic integrity and you end up subsidizing inefficient and corrupt corporate entities. It's the equivalent of throwing fertilizer on a dying forest. If you were to allow a failing industry to collapse, you would trigger entrepreneurial initiative to find new ways of creating jobs and wealth.

Like feeding a heroin addict his vice so that you don't have to deal with the withdrawal symptoms of an attempted recovery, you're going to have to deal with the issue eventually - but the longer you delay a resolution the more violent and painful the recovery will be.

The economic crisis hasn't been resolved at all - the issues that triggered the crisis haven't been addressed and they continue to simmer under the surface. It's a matter of time before it blows up something catastrophic.


Last edited by noverum; 03-20-2012 at 04:36 PM..
 6 years ago '10        #64
Shhon 850 heat pts850
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obama won.
 6 years ago '05        #65
Philly B 41 heat pts41
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 noverum said:
No, he has no point regardless. The theory of government "making" money by spending money involves investing in businesses that might not otherwise receive the support that they need to stay afloat. That was the logic behind the bailout package.

Government influence and the subsequent regulatory force that follows invariably leads to a corruption of capitalistic integrity and you end up subsidizing inefficient and corrupt corporate entities. It's the equivalent of throwing fertilizer on a dying forest. If you were to allow a failing industry to collapse, you would trigger entrepreneurial initiative to find new ways of creating jobs and wealth.

Like feeding a heroine addict his vice so that you don't have to deal with the withdrawal symptoms of an attempted recovery, you're going to have to deal with the issue eventually - but the longer you delay a resolution the more violent and painful the recovery will be.

The economic crisis hasn't been resolved at all - the issues that triggered the crisis haven't been addressed and they continue to simmer under the surface. It's a matter of time before it blows up something catastrophic.


You must spread some Reputation around before giving it to noverum again.
 6 years ago '07        #66
Ham Rove 3510 heat pts3510
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 stl12188 said:
Right, dude MIGHT have a point if America was making money instead of diving deeper into debt by the minute. Where's all this money Obama is making from the money he spent?
do you guys not know it takes time for us to see the effects of president policies? Bush fu*king sh*t up really didn't come to head until he was out of office. Obama has offered the Republicans EVERYTHING and they turned it down in terms of entitlement cuts (something deemed sacred to most liberals/dems). And yes, the economy isn't where anyone wants it to be, but if you don't think its gotten better, well then you're disregarding facts. The right wingers wanna undo all the wall st regulations (cause you know that worked so well the first time). And these clowns complain about the deficit, but they won't let him raise taxes to generate revenue, just like their idol Reagan did...8 times.
 6 years ago '07        #67
Ham Rove 3510 heat pts3510
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 bobbysteels18 said:
Hate to break your heart son. But truth is the only reason why Obama was successful in the war on terror is because he used the same polices as Bush. And that health care bill will cost Jobs and and add to the debt. that auto bailout was started by Bush in his last days in office. Also Bush made the deal to bring the troops home well he was in office.
hate to break it to you, but the truth is, Obama has done what Bush did more effectively, now I'm not happy about that but its the truth. Also, the auto bail out was not started by Bush, he wanted to do a bailout but it didn't happen.
 6 years ago '11        #68
Backflipz 84 heat pts84
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 knowughetto said:
I just said that it was an UNDECLARED AND ILLEGAL WAR. But I'm the one that's stupid...

Good one Obama stan..
It's called a conflict, and it's not illegal

It's one of the powers guaranteed to the commander in chief of the United States aka The president

Just like Vietnam and Korean "wars" were Conflicts.

I'm not saying I agree with it but just because the President sends out troops somewhere it doesn't make it a war
 6 years ago '04        #69
bperiod 
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Mark Knoller is the White House correspondant for CBS Radio, and a first-class right-wing tool. Monday night, he posted an article titled, "National debt has increased more under Obama than under Bush," which sent wingnuts scurrying to their Twitter accounts. The problem is, the piece is BS. Here's Knoller's key graf:

The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.

Don't you just love the way he capitalizes "debt"?

What Knoller doesn't specify, naturally, is what the debt was when Bush began his presidency. And that's a glaring omission, because unless you don't know that, you can't accurately compare the records. So here it is.

In 2001, the national debt Bush inherited was around $5.7T, give or take. Some of that debt in 2001 has to be attributed to Clinton, just as some of the debt in 2009 when Obama took office has to be attributed to Bush. When W. left office in 2009, the debt was nearly $11T. That's an increase of 89%.

Under Obama, the debt has increased from about $11T to about $15T, about 40%.

And what's behind that increase? Historically low taxes and historically low revenues -- and the worst financial crash since the 1930s. There's been no "binge" in spending, as Knoller wants you to believe.

And PS, this isn't the first "look how Obama's bankrupting the country" hit job this guy has written.

This clown should leave CBS and go to Fox News. He'd fit right in.

 6 years ago '04        #70
ItAlY2BkLyN 238 heat pts238
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 Frank Hampton said:
It's called a conflict, and it's not illegal

It's one of the powers guaranteed to the commander in chief of the United States aka The president

Just like Vietnam and Korean "wars" were Conflicts.

I'm not saying I agree with it but just because the President sends out troops somewhere it doesn't make it a war
but doing it without congressional approval is illegal.


(which doesn't go to say it hasn't happened in the past either)
 6 years ago '04        #71
ItAlY2BkLyN 238 heat pts238
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 bperiod said:
Mark Knoller is the White House correspondant for CBS Radio, and a first-class right-wing tool. Monday night, he posted an article titled, "National debt has increased more under Obama than under Bush," which sent wingnuts scurrying to their Twitter accounts. The problem is, the piece is BS. Here's Knoller's key graf:

The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.

Don't you just love the way he capitalizes "debt"?

What Knoller doesn't specify, naturally, is what the debt was when Bush began his presidency. And that's a glaring omission, because unless you don't know that, you can't accurately compare the records. So here it is.

In 2001, the national debt Bush inherited was around $5.7T, give or take. Some of that debt in 2001 has to be attributed to Clinton, just as some of the debt in 2009 when Obama took office has to be attributed to Bush. When W. left office in 2009, the debt was nearly $11T. That's an increase of 89%.

Under Obama, the debt has increased from about $11T to about $15T, about 40%.

And what's behind that increase? Historically low taxes and historically low revenues -- and the worst financial crash since the 1930s. There's been no "binge" in spending, as Knoller wants you to believe.

And PS, this isn't the first "look how Obama's bankrupting the country" hit job this guy has written.

This clown should leave CBS and go to Fox News. He'd fit right in.

That argument is retarded. How are you going to base the increase in debt as an overall percentage?

Based on what you just posted, Bush increased the debt by 5.3T in 8yrs and Obama has increased it by 4T in under 4yrs.

fu*k all the statistical bullsh*t. Percentage to overall growth. Look at how much was spent.

This is why posting stupid graphs and financial analytics is retarded. Numbers can be manipulated to support any argument.

Just like the Obama admin drew up docs saying that Obamacare would cost 940 billion when in fact now we're finding out it is going to cost between 2.5-3 trillion
 03-20-2012, 05:21 PM         #72
youknowmystelo  OP
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 tupacnasfan said:
Wake Up and see this video.

An Alex Jones video?
 6 years ago '11        #73
Backflipz 84 heat pts84
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 ItAlY2BkLyN said:
but doing it without congressional approval is illegal.


(which doesn't go to say it hasn't happened in the past either)
Forget what I said, misunderstood the situation.
 03-20-2012, 05:27 PM         #74
t2risky  OP
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Everybody got something to say about the president but those talking arent in a position to change anything. Obama is one person, it took all of us to create this damn debt and it will only get worse as long as greed exist. Look at his family and the way they are living, looks pretty good to me. Basically, clean around your own door step, be part of the solution and not the problem--- All mouth and no fu*kin action.



 Ahura said:
(CBS News) The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency.
The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.

The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion. It was $10.626 trillion on President Bush's last day in office, which coincided with President Obama's first day.

The National Debt also now exceeds 100% of the nation's Gross Domestic Product, the total value of goods and services.

Mr. Obama has been quick to blame his predecessor for the soaring Debt, saying Mr. Bush paid for two wars and a Medicare prescription drug program with borrowed funds.

The federal budget sent to Congress last month by Mr. Obama, projects the National Debt will continue to rise as far as the eye can see. The budget shows the Debt hitting $16.3 trillion in 2012, $17.5 trillion in 2013 and $25.9 trillion in 2022.

Federal budget records show the National Debt once topped 121% of GDP at the end of World War II. The Debt that year, 1946, was, by today's standards, a mere $270 billion dollars.

Mr. Obama doesn't mention the National Debt much, though he does want to be seen trying to reduce the annual budget deficit, though it's topped a trillion dollars for four years now.

As part of his "Win the Future" program, Mr. Obama called for "taking responsibility for our deficits, by cutting wasteful, excessive spending wherever we find it."

His latest budget projects a $1.3 trillion deficit this year declining to $901 billion in 2012, and then annual deficits in the range of $500 billion to $700 billion in the 10 years to come.

If Mr. Obama wins re-election, and his budget projections prove accurate, the National Debt will top $20 trillion in 2016, the final year of his second term. That would mean the Debt increased by 87 percent, or $9.34 trillion, during his two terms.


 6 years ago '05        #75
hbk83 1 heat pts
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its ok, when the first bush was in office dems and alot of independents bashed him, when clinton took over republicans and some independents bashed him about what he was doing and so on, no president will ever be able to do anything to make everyone happy, no matter who is in office or what they do there will be this kind of thread or discussion about them, the national debt is not going to end the united states nor is anything obama does.... there has been much worse done by U.S. presidents throughout history obama is in the middle of the pack
 6 years ago '05        #76
Philly B 41 heat pts41
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 ItAlY2BkLyN said:
That argument is retarded. How are you going to base the increase in debt as an overall percentage?

Based on what you just posted, Bush increased the debt by 5.3T in 8yrs and Obama has increased it by 4T in under 4yrs.

fu*k all the statistical bullsh*t. Percentage to overall growth. Look at how much was spent.

This is why posting stupid graphs and financial analytics is retarded. Numbers can be manipulated to support any argument.

Just like the Obama admin drew up docs saying that Obamacare would cost 940 billion when in fact now we're finding out it is going to cost between 2.5-3 trillion
No use in trying to explain it man, some people don't get it. They think health care is just going to be free magically somehow. These same people also think the government is capable of managing the health care of America when they've clearly proven they can't run sh*t.
 6 years ago '05        #77
Philly B 41 heat pts41
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 t2risky said:
Everybody got something to say about the president but those talking arent in a position to change anything. Obama is one person, it took all of us to create this damn debt and it will only get worse as long as greed exist. Look at his family and the way they are living, looks pretty good to me. Basically, clean around your own door step, be part of the solution and not the problem--- All mouth and no fu*kin action.
Actually it didn't take all of us. It took all of Bush and Obama and Congress under both of them.
 6 years ago '04        #78
ItAlY2BkLyN 238 heat pts238
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 t2risky said:
Everybody got something to say about the president but those talking arent in a position to change anything. Obama is one person, it took all of us to create this damn debt and it will only get worse as long as greed exist. Look at his family and the way they are living, looks pretty good to me. Basically, clean around your own door step, be part of the solution and not the problem--- All mouth and no fu*kin action.
Dude are you serious? "WE" didn't get into this problem. "WE" didn't pass legislation targeting sub prime markets and increasing predatory lending which lead to the housing market collapse. "WE" didn't make the decision to bail out failing companies. "WE" didn't decide to start a war.

It is our government that is fu*king everything up. And the fake a.ss electoral system we have makes us think that we have a say in who makes these decisions. But as we saw with how Bush stole the election in FL, how they are raping the primaries away from Ron Paul, that sh*t doesn't matter.

Nothing short of a revolution will change this country.
 6 years ago '04        #79
abstractq 5 heat pts
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a large portion of the increase in debt is out of the presidents control

unemployment insurance and medicaid rise whenever there is a downturn

and tac receipts fall whenever there is a downturn

Obama inherited the worst downturn since the depression, so naturally the debt gonna rise
 6 years ago '09        #80
ImAMonster 407 heat pts407
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 bigscore said:
He also k!lled Bin Laden and other high ranking terrorist, passed a health care bill, brought/bringing the throops home and saved the american auto industry in 3 1/2 - 4 years...


What did Bush do for 8 years??

What will "President" romeny, Santorum, Newt do????

GTFOH!
He's also put in internet censorship, shut down MULTIPLE sites that have been open for YEARS, is trying to abolish guns, has spent BILLIONS of YOUR dollars on vacations for his wife and such.

Oh and for the record, HE didn't k!ll Bin Laden. I wish you fu*ks would stop saying that..Our TROOPS k!lled him. Not Obama.
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