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FACT. Obama's Deficit spending was loaned to us at 0% interest.

 
Dan
User ID: 5616706
United States
11/21/2011 12:36 PM
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FACT. Obama's Deficit spending was loaned to us at 0% interest.
Bushes was loaned to us at 4-5%.


600 billion of Obamas deficit was interest on debt that Bush created that charged 3-4% interest. 800 billion of Obamas deficit was interest on debt that came before Bush that charged an average rate of 8-18%.

700 billion dollars of Obamas Deficit was the bank Bailouts signed by Bush 1 month before Obama took office.


FACTS. Republicans hate them.
Anonymous Coward
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11/21/2011 12:41 PM
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Re: FACT. Obama's Deficit spending was loaned to us at 0% interest.
You are delusional. What reliable source(s) (preferably three) do you have to support your contention? Remarkable claims demand remarkable evidence.

National Debt is now $15.1 Trillion dollars and rapidly climbing... service on debt is over 7% of this amount annually.

7% of $15,100,000,000,000 is how much again?
Anonymous Coward (OP)
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11/21/2011 12:53 PM
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Re: FACT. Obama's Deficit spending was loaned to us at 0% interest.
You are delusional. What reliable source(s) (preferably three) do you have to support your contention? Remarkable claims demand remarkable evidence.

National Debt is now $15.1 Trillion dollars and rapidly climbing... service on debt is over 7% of this amount annually.

7% of $15,100,000,000,000 is how much again?
 Quoting: Anonymous Coward 2886


It's climbing because we are paying interest on debt with more debt. Just like I explained.

10 Trillion of that debt was created by OTHER PRESIDENTS AT RATES GOING UPWARDS OF 18%.

All spending since Obama has taken office was loaned to us at 0%. That's a fact.

Just like my post stated. Obamas deficit was created with money loaned to us at 0 to 0.25%
Anonymous Coward
User ID: 1268825
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11/21/2011 12:59 PM
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Re: FACT. Obama's Deficit spending was loaned to us at 0% interest.
You're wrong, dumb-ass. The mechanism is bonds. US treasury bonds. Get familiar with the financial page. We're buying our own bonds with monopoly money. But what do I know, I'm just a registered broker. vendetta
Anonymous Coward
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11/21/2011 01:01 PM
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Re: FACT. Obama's Deficit spending was loaned to us at 0% interest.
You're wrong, dumb-ass. The mechanism is bonds. US treasury bonds. Get familiar with the financial page. We're buying our own bonds with monopoly money. But what do I know, I'm just a registered broker. vendetta
 Quoting: Anonymous Coward 1268825


lmao



Libtards cry
Anonymous Coward (OP)
User ID: 5616706
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11/21/2011 01:04 PM
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Re: FACT. Obama's Deficit spending was loaned to us at 0% interest.
You're wrong, dumb-ass. The mechanism is bonds. US treasury bonds. Get familiar with the financial page. We're buying our own bonds with monopoly money. But what do I know, I'm just a registered broker. vendetta
 Quoting: Anonymous Coward 1268825


Yes.

A bond is basically a loan.

You buy a bond.

You are loaning the government money by buying the bond.

They pay the bond back to you with interest.

Call it a bond or whatever the fuck you want to call it. It's a loan. Whether it was created with monopoly money or not. It's still a loan and the rate is less than 0% for short term bonds which is where the bond market is right now.

Just because you're a registered broker doesn't mean your not a dumb ass.
Anonymous Coward
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11/21/2011 01:05 PM
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Re: FACT. Obama's Deficit spending was loaned to us at 0% interest.
Facted OP likes to suck Obummer cock and takes it all over his face
Unit 1
User ID: 1403247
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11/21/2011 01:06 PM
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Re: FACT. Obama's Deficit spending was loaned to us at 0% interest.
Your sources were requested......
Anonymous Coward (OP)
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11/21/2011 01:07 PM
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Re: FACT. Obama's Deficit spending was loaned to us at 0% interest.
Short term rates for bonds are less than 0%.

A bond is you loaning money to the government and they pay bond back to you with interest.
Anonymous Coward (OP)
User ID: 5616706
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11/21/2011 01:09 PM
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Re: FACT. Obama's Deficit spending was loaned to us at 0% interest.
Your sources were requested......
 Quoting: Unit 1 1403247


Maybe you should look at any financial page and look at the bond rates. That should be all the information you need.

www.bloomberg.com should work

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