Godlike Productions - Conspiracy Forum
Users Online Now: 3,010 (Who's On?)Visitors Today: 1,158,757
Pageviews Today: 1,574,135Threads Today: 303Posts Today: 6,326
11:44 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

*** Economic Doomsday: Obama reigns over $61.6 trillion debt ***

 
galdur

User ID: 1316767
Iceland
06/08/2011 12:01 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Actually, the federal govt´s liabilities, including contingent liabilities (unfunded) come to about $120 TRILLION looking forward.
Anonymous Coward
User ID: 961432
United States
06/08/2011 12:06 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Actually, the federal govt´s liabilities, including contingent liabilities (unfunded) come to about $120 TRILLION looking forward.
 Quoting: galdur


Aw, we can pay that off with a little more hope and change.

The dollar is super elastic mega plastic and Bernanke can QE to infinity and beyond boldly printing where no printer has gone before!

5a
NoSilence

User ID: 1403452
Mexico
06/08/2011 12:09 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
bump
"In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot."
Mark Twain
galdur

User ID: 1316767
Iceland
06/08/2011 12:15 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Actually, the federal govt´s liabilities, including contingent liabilities (unfunded) come to about $120 TRILLION looking forward.
 Quoting: galdur


Aw, we can pay that off with a little more hope and change.

The dollar is super elastic mega plastic and Bernanke can QE to infinity and beyond boldly printing where no printer has gone before!

5a
 Quoting: Anonymous Coward 961432


Bennie seems a bit hesitant now. I guess it´s starting to dawn on him that creating $5+ in new debt to generate $1 in economic growth isn´t sustainable.
Comedian (OP)

User ID: 1347355
United States
06/08/2011 12:27 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
All inherited thanks to the Boosh administration

bushtard
 Quoting: Anonymous Coward 1419231


^ Commie Nazi Faggot. You really are a triple winner ^
Don't run. You'll just die tired.
Anonymous Coward
User ID: 1415996
United States
06/08/2011 12:35 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Created by Bush's Wars and Bush's Tax Cuts
Frater

User ID: 1193197
United States
06/08/2011 12:49 PM

Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
They are all one party.

They all make me SICK.

One thing for sure, we are fucked.

Economic Doom is coming but when?

I'm amazed it didn't happen in 2009.

Buy canned hams...

Tons of soup and veggies too.

You can eat those flying cow goose things if it comes to it but they don't taste so good.
LVX!
galdur

User ID: 1316767
Iceland
06/08/2011 12:57 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
"""The first of 77 million Baby Boomers turn 65 this year and qualify for Medicare. Enrollment will grow from 48 million in 2010 to 64 million in 2020 and 81 million in 2030, according to Medicare actuaries. That 33-million increase in the next 20 years compares with 13 million in the last 20."""

[link to www.usatoday.com]
Anonymous Coward
User ID: 961432
United States
06/08/2011 01:01 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Actually, the federal govt´s liabilities, including contingent liabilities (unfunded) come to about $120 TRILLION looking forward.
 Quoting: galdur


Aw, we can pay that off with a little more hope and change.

The dollar is super elastic mega plastic and Bernanke can QE to infinity and beyond boldly printing where no printer has gone before!

5a
 Quoting: Anonymous Coward 961432


Bennie seems a bit hesitant now. I guess it´s starting to dawn on him that creating $5+ in new debt to generate $1 in economic growth isn´t sustainable.
 Quoting: galdur


Come on now, you're just being a wet blanket. World trade will pick up and the dollar will be in high demand, China's leaders are kneeling before the wall street banks. They will always want more treasuries to fill their coffers and keep their exports prices low.

There is no end to the super elastic mega plastic dollar bill! Plus it has all those cool alchemical symbols on it and stuff.

bananabdancebanana
NoSilence

User ID: 1403452
Mexico
06/08/2011 01:17 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
bump
"In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot."
Mark Twain
galdur

User ID: 1316767
Iceland
06/08/2011 01:24 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Actually, the federal govt´s liabilities, including contingent liabilities (unfunded) come to about $120 TRILLION looking forward.
 Quoting: galdur


Aw, we can pay that off with a little more hope and change.

The dollar is super elastic mega plastic and Bernanke can QE to infinity and beyond boldly printing where no printer has gone before!

5a
 Quoting: Anonymous Coward 961432


Bennie seems a bit hesitant now. I guess it´s starting to dawn on him that creating $5+ in new debt to generate $1 in economic growth isn´t sustainable.
 Quoting: galdur


Come on now, you're just being a wet blanket. World trade will pick up and the dollar will be in high demand, China's leaders are kneeling before the wall street banks. They will always want more treasuries to fill their coffers and keep their exports prices low.

There is no end to the super elastic mega plastic dollar bill! Plus it has all those cool alchemical symbols on it and stuff.

bananabdancebanana
 Quoting: Anonymous Coward 961432


To deal with those gigantic unfunded social security entitlement ahead they can either raise taxes by 80% or make sure people aren´t around to receive the payments. There isn´t really any way around it.
Comedian (OP)

User ID: 1347355
United States
06/08/2011 01:29 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
"""The government has promised pension and health benefits worth more than $700,000 per retired civil servant. The pension fund's key asset: federal IOUs."""

Raise taxes by 80%, cut security spending by 80%. Problem solved.
 Quoting: galdur


Wrong.

Raising taxes at all, considering we are now the 2nd highest tax rate on the planet, will be the final nail in the ooffin of any hope for economic recovery.

And the debt is 90% entitlements (SS and Medicrap), so military or any other cuts are nothing more than symbolic.
 Quoting: Comedian


So, what to do? Kill off those retirees before the begin receiving those entitlements? Remember, it´s an avalanche ahead, the entire baby boom generation will retire in the coming years.
 Quoting: galdur


The answer is simply a matter of physics. You can't pump out of an empty container indefinitely. Eventually, you cause an implosion.

SS and Medicare and the pension fund payouts need to be immediately dropped by 50%, period.
Don't run. You'll just die tired.
Anonymous Coward
User ID: 961432
United States
06/08/2011 01:41 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
...


Aw, we can pay that off with a little more hope and change.

The dollar is super elastic mega plastic and Bernanke can QE to infinity and beyond boldly printing where no printer has gone before!

5a
 Quoting: Anonymous Coward 961432


Bennie seems a bit hesitant now. I guess it´s starting to dawn on him that creating $5+ in new debt to generate $1 in economic growth isn´t sustainable.
 Quoting: galdur


Come on now, you're just being a wet blanket. World trade will pick up and the dollar will be in high demand, China's leaders are kneeling before the wall street banks. They will always want more treasuries to fill their coffers and keep their exports prices low.

There is no end to the super elastic mega plastic dollar bill! Plus it has all those cool alchemical symbols on it and stuff.

bananabdancebanana
 Quoting: Anonymous Coward 961432


To deal with those gigantic unfunded social security entitlement ahead they can either raise taxes by 80% or make sure people aren´t around to receive the payments. There isn´t really any way around it.
 Quoting: galdur


I'm calling you Galdur the Austere and Gloomy. You forget the majik of the press, we print you use our dollars to settle trade you pay for our retirements get it? Now don't worry be happy and pay higher energy prices for us.
galdur

User ID: 1316767
Iceland
06/08/2011 01:43 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
"""The government has promised pension and health benefits worth more than $700,000 per retired civil servant. The pension fund's key asset: federal IOUs."""

Raise taxes by 80%, cut security spending by 80%. Problem solved.
 Quoting: galdur


Wrong.

Raising taxes at all, considering we are now the 2nd highest tax rate on the planet, will be the final nail in the ooffin of any hope for economic recovery.

And the debt is 90% entitlements (SS and Medicrap), so military or any other cuts are nothing more than symbolic.
 Quoting: Comedian


So, what to do? Kill off those retirees before the begin receiving those entitlements? Remember, it´s an avalanche ahead, the entire baby boom generation will retire in the coming years.
 Quoting: galdur


The answer is simply a matter of physics. You can't pump out of an empty container indefinitely. Eventually, you cause an implosion.

SS and Medicare and the pension fund payouts need to be immediately dropped by 50%, period.
 Quoting: Comedian


That would require changing laws and thus force both parties in this one party political system to discuss openly how this huge mess came to be unfunded. How they´ve been stealing withholding taxes, meant to fund it, for decades and replacing it with govt. bonds.
galdur

User ID: 1316767
Iceland
06/08/2011 01:50 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
...


Bennie seems a bit hesitant now. I guess it´s starting to dawn on him that creating $5+ in new debt to generate $1 in economic growth isn´t sustainable.
 Quoting: galdur


Come on now, you're just being a wet blanket. World trade will pick up and the dollar will be in high demand, China's leaders are kneeling before the wall street banks. They will always want more treasuries to fill their coffers and keep their exports prices low.

There is no end to the super elastic mega plastic dollar bill! Plus it has all those cool alchemical symbols on it and stuff.

bananabdancebanana
 Quoting: Anonymous Coward 961432


To deal with those gigantic unfunded social security entitlement ahead they can either raise taxes by 80% or make sure people aren´t around to receive the payments. There isn´t really any way around it.
 Quoting: galdur


I'm calling you Galdur the Austere and Gloomy. You forget the majik of the press, we print you use our dollars to settle trade you pay for our retirements get it? Now don't worry be happy and pay higher energy prices for us.
 Quoting: Anonymous Coward 961432


The Xgeners, the generation that is supposed to support the baby boomers, is one third fewer in number than the latter and drowning in debt and unemployed as it is. So, you see; this whole mess is heading for both demographic and financial collisions.
Anonymous Coward
User ID: 961432
United States
06/08/2011 01:57 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
...


Come on now, you're just being a wet blanket. World trade will pick up and the dollar will be in high demand, China's leaders are kneeling before the wall street banks. They will always want more treasuries to fill their coffers and keep their exports prices low.

There is no end to the super elastic mega plastic dollar bill! Plus it has all those cool alchemical symbols on it and stuff.

bananabdancebanana
 Quoting: Anonymous Coward 961432


To deal with those gigantic unfunded social security entitlement ahead they can either raise taxes by 80% or make sure people aren´t around to receive the payments. There isn´t really any way around it.
 Quoting: galdur


I'm calling you Galdur the Austere and Gloomy. You forget the majik of the press, we print you use our dollars to settle trade you pay for our retirements get it? Now don't worry be happy and pay higher energy prices for us.
 Quoting: Anonymous Coward 961432


The Xgeners, the generation that is supposed to support the baby boomers, is one third fewer in number than the latter and drowning in debt and unemployed as it is. So, you see; this whole mess is heading for both demographic and financial collisions.
 Quoting: galdur


Oh gloomy Baldur, you're austerity isn't working here we got hope and change. You see the body is diseased and the dollar is the carrier spreading the infection so if all the other bodies are diseased our sickness don't look so bad.

We got hope and change, what do you got but cold weather and volcanoes?

pigchef
galdur

User ID: 1316767
Iceland
06/08/2011 02:11 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
...


To deal with those gigantic unfunded social security entitlement ahead they can either raise taxes by 80% or make sure people aren´t around to receive the payments. There isn´t really any way around it.
 Quoting: galdur


I'm calling you Galdur the Austere and Gloomy. You forget the majik of the press, we print you use our dollars to settle trade you pay for our retirements get it? Now don't worry be happy and pay higher energy prices for us.
 Quoting: Anonymous Coward 961432


The Xgeners, the generation that is supposed to support the baby boomers, is one third fewer in number than the latter and drowning in debt and unemployed as it is. So, you see; this whole mess is heading for both demographic and financial collisions.
 Quoting: galdur


Oh gloomy Baldur, you're austerity isn't working here we got hope and change. You see the body is diseased and the dollar is the carrier spreading the infection so if all the other bodies are diseased our sickness don't look so bad.

We got hope and change, what do you got but cold weather and volcanoes?

pigchef
 Quoting: Anonymous Coward 961432


The govt´s mickey mouse accounting is designed to hide debt. and make operating result look less bad than it really is. They don´t book liabilities until they write the check to begin paying them. Like I said, they´ve been confiscating withholding taxes for decades, replacing them with govt. bonds. They have then booked this loot against the federal operating result, resulting in an outcome called the deficit. They fully admit all of this in their annual financial report which almost nobody reads.
obama sux
User ID: 730229
United States
06/08/2011 02:15 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
[link to www.usatoday.com]

...
The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises.


Hope and change, you dopey bastards!


 Quoting: Comedian




worst president in the history of the USA Obama suxxxx
galdur

User ID: 1316767
Iceland
06/08/2011 02:17 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
[link to www.usatoday.com]

...
The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises.


Hope and change, you dopey bastards!


 Quoting: Comedian




worst president in the history of the USA Obama suxxxx
 Quoting: obama sux 730229


Both parts of the one-party U.S. political system are responsible for this huge mess.
Anonymous Coward
User ID: 1419478
France
06/08/2011 02:24 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***

We have guns.

We'll take your Euros and watch your Frensh ass run screaming into the sunset.
[/quote
You're so predictable, Yanks.

I know exactly what button to press to get you talking about your stupid guns.

Real men don't have to hide behind their guns.
Anonymous Coward
User ID: 1419478
France
06/08/2011 02:26 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
We have guns.

We'll take your Euros and watch your Frensh ass run screaming into the sunset.
 Quoting: Comedian

You're so predictable, Yanks.

I know exactly what button I have to press to get you talking about your stupid guns.

Real men don't have to hide behind their guns.
Comedian (OP)

User ID: 1347355
United States
06/08/2011 03:27 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Real men don't have to hide behind their guns.
 Quoting: Anonymous Coward 1419478


Real men don't have French citizenship.
Don't run. You'll just die tired.
Anonymous Coward
User ID: 257017
United States
06/08/2011 03:47 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Guns are part of our family, just as our children are. We talk to them, clean them, feed them quality ammo, reward them with accessories when they're good. For a while I thought just having one was good enough, but it was so lonely, always looking so sad. The happiest ones are surrounded by many brothers and sisters, and sibling rivalries are few if you try to divide your time and affection evenly amongst them. They can be time consuming and a challenge, but watching them mature and age is very rewarding and something every adult should experience in their life.
LadyLeo

User ID: 853309
United States
06/08/2011 03:51 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Check this out Obama Stopped Daily Economic Briefings

[link to thehill.com]
Comedian (OP)

User ID: 1347355
United States
06/08/2011 04:10 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Check this out Obama Stopped Daily Economic Briefings

[link to thehill.com]
 Quoting: LadyLeo


Sheesh.

Good find.

Can't say that I blame him.

Charles Manson giving daily briefings on murder statistics wouldn't be appropriate either.
Don't run. You'll just die tired.
Comedian (OP)

User ID: 1347355
United States
06/08/2011 04:13 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
[link to www.usatoday.com]

...
The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises.


Hope and change, you dopey bastards!


 Quoting: Comedian




worst president in the history of the USA Obama suxxxx
 Quoting: obama sux 730229


Both parts of the one-party U.S. political system are responsible for this huge mess.
 Quoting: galdur


That's like saying both the Axis and the Allies were resonsible for the concentration camps.

You can only say the Allies were too weak and too slow to stop it earlier.

Progressives are poison, and they are not exclusive to one party, but only one party is completely comprised of them.
Don't run. You'll just die tired.
galdur

User ID: 1316767
Iceland
06/08/2011 04:35 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
[link to www.usatoday.com]

...
The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises.


Hope and change, you dopey bastards!


 Quoting: Comedian




worst president in the history of the USA Obama suxxxx
 Quoting: obama sux 730229


Both parts of the one-party U.S. political system are responsible for this huge mess.
 Quoting: galdur


That's like saying both the Axis and the Allies were resonsible for the concentration camps.

You can only say the Allies were too weak and too slow to stop it earlier.

Progressives are poison, and they are not exclusive to one party, but only one party is completely comprised of them.
 Quoting: Comedian


Both parts of the one-party system have for decades been stealing withholding taxes meant to finance contingent future SS liabilities - leaving this gigantic unfunded mess.
Comedian (OP)

User ID: 1417763
United States
06/08/2011 08:25 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
...




worst president in the history of the USA Obama suxxxx
 Quoting: obama sux 730229


Both parts of the one-party U.S. political system are responsible for this huge mess.
 Quoting: galdur


That's like saying both the Axis and the Allies were resonsible for the concentration camps.

You can only say the Allies were too weak and too slow to stop it earlier.

Progressives are poison, and they are not exclusive to one party, but only one party is completely comprised of them.
 Quoting: Comedian


Both parts of the one-party system have for decades been stealing withholding taxes meant to finance contingent future SS liabilities - leaving this gigantic unfunded mess.
 Quoting: galdur


That is exactly true. But my statement about motivations stands.

There is the Weak and Stupid Party, and the Retarded and Evil Party, and the union of both sets is the Government Party.
Don't run. You'll just die tired.
galdur

User ID: 1229212
Iceland
06/08/2011 09:17 PM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
I think it´s typical problem-reaction-solution.

They create the problem by stealing for decades social security funding. Once the huge baby boomer generation comes on line to receive entitlements the problem doesn´t need to be ignored anymore and the virtual bankruptcy of the program causes a big and loud reaction. The solution: since the program is bust after having been systematically robbed, it must be cut down to size. There must be death panels et cetera. Those who were robbed must suffer. The robbers must be protected at all costs.
Comedian (OP)

User ID: 1417763
United States
06/09/2011 06:55 AM
Report Abusive Post
Report Copyright Violation
Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
I think it´s typical problem-reaction-solution.

They create the problem by stealing for decades social security funding. Once the huge baby boomer generation comes on line to receive entitlements the problem doesn´t need to be ignored anymore and the virtual bankruptcy of the program causes a big and loud reaction. The solution: since the program is bust after having been systematically robbed, it must be cut down to size. There must be death panels et cetera. Those who were robbed must suffer. The robbers must be protected at all costs.
 Quoting: galdur


^ I can't argue with a perfect Hegelian dialectic example ^
Don't run. You'll just die tired.

News