We owe trillions for 100’s of years to come and tit’s pals he elite manipulative corrupt leadership has pilfered all into coffers while a dormant braindead senate and congress allowed it to happen.Wasnt it said that we’d be defeated by going broke not a war…..
How bad does it have to get before the democrats criticize this man?
Geeze! America is much worse off now since this Administration decided to spend more TRILLIONS we don’t have? The economy still SUCKS just as bad , if not WORSE since Obama took over. All you have to do is drive thru any city and see all the HUGE Corp Building up for Sale or Lease, read the Local Newspapers looking at HELP WANTED ADS- with like 3 jobs … What the?
We have lost Thousands in value of our HOMES! Have to pay more property TAXES! More for Gas- food, energy and Obama still has 47% APPROVAL? WHAT THE?
•I thought Bush’s stimulus rebate checks, deficits & Wall Street bailouts were going to bankrupt our country; depreciate the dollar; and cause the stock market to tank. It never happened. Now Barack Hussein Obama is doing everything Bush did by a factor of 10. I mean, $billions for the car companies; billions for people to buy cars; stimulus spending; trill annual deficit; it’s unreal. Yet the 10-year T-bill is under 4% and the US dollar is holding up. Even unemployment, which is approaching 10%, isn’t as bad as it may seem with unemployment benefits lasting 79 weeks; and tremendous growth in fed’l gov’t hiring.
• In summary, can someone tell me how if the U.S. Gov’t can run up such deficits perpetually? Or are we in the middle of another huge bubble; this one centered around gov’t debt?
Why would anything bad happen when the Chinese stop buying our T-bills? Maybe they’ll buy shares of Exxon & Walmart instead? So what? Why can’t the Fed Resv Bank just keep buying billion of $$’s of bonds & Treasuries? In this manner, interest rates stay very low. And paying interest to the Federal Reserve Bank is like paying ourselves the money. Seriously, as long as the Federal Reserve Bank can own trillions of $$’s of debt, which they can do; then I don’t necessarily see high inflation or massive unemployment.
Lives, food, water, livelihoods, the health of others, the economy, the environment–how can a company continue business as usual after an incident costing so much? Millions, billions–even trillions–isn’t enough to cover all that damage that this oil spill has done. So…how does a company like BP last? Is it just going to get a token fine that is a lot less than the real cost of all that has been lost and ruined?
If the average person had a company that had an accident that caused so much devastation, I’m betting that they would have to say goodbye to their business and their wealth.
1: in order to get to "utopia" we will need thousands of more entitlement programs,handouts,etc.
2: We’re bankrupt already – and can not afford the current entitlement programs
3: Our debt is already at unprecedented levels.
So, how are we going to pay for current entitlement programs, future entitlement programs, and Trillions of dollars of debt all the while jobs continue to disappear overseas?
Obama can’t keep spending his way to wealth forever – eventually we will have to "Pay the Piper".
How does a government already trillions of dollars in debt from Republican presidents go "more" bankrupt?