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CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022

 
CrazyJarhead
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02/01/2012 05:09 AM

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CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
Congressional Budget Office projects that the national debt under President Obama’s policies will rise to $21.665 trillion by 2022, according to its updated budget outlook.

The updated outlook, released Tuesday, found that current Obama administration policies will result in a 50 percent increase in debt held by the public and a 40 percent increase in intra-governmental debt held in the trust funds of entitlement programs.

[link to cnsnews.com]
Pearl Harbor was an inside job.
CrazyJarhead (OP)

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02/01/2012 06:04 AM

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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
bump
Pearl Harbor was an inside job.
Anonymous Coward
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02/01/2012 06:08 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
eeehh - you really think it will take that long ?

2018 - latestlolsign
Anonymous Coward
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02/01/2012 06:09 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
All according to plan, Cloward and Piven. Obama was put here to destroy and weaken the US. He's doing a great job of it so far.
Anonymous Coward
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02/01/2012 06:13 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
There are people in high places that want to see the current system broken so we can start over.

A lot of the crazier stuff you see is intentional, they are trying to destroy the fed via kicking the can down the road, but doing so in a reckless way, in order to quicken the pain required to force the system into a crash and subsequent reboot.
Anonymous Coward
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02/01/2012 06:17 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
could you have chosen a more biased news source? LOL "The right news. right now" give me a fuckin break and get the fuck out of here
CrazyJarhead (OP)

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02/01/2012 06:21 AM

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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
could you have chosen a more biased news source? LOL "The right news. right now" give me a fuckin break and get the fuck out of here
 Quoting: Anonymous Coward 1468040


It's from the Congressional Budget Office. I guess they're bias too, you dumbass Obot.
Pearl Harbor was an inside job.
Anonymous Coward
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02/01/2012 06:21 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
I don't really understand these massive debt amounts countries have
CrazyJarhead (OP)

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02/01/2012 06:22 AM

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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
I don't really understand these massive debt amounts countries have
 Quoting: Anonymous Coward 4262842


We never had deficits like these until Obama was elected. He's trying to finish the job on the USA that bin Laden started.
Pearl Harbor was an inside job.
Anonymous Coward
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02/01/2012 06:28 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
Isn't that because they make assumptions:
- economy will be like now
- spending will be like now

Don't know if that is reality.
CrazyJarhead (OP)

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02/01/2012 06:30 AM

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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
Isn't that because they make assumptions:
- economy will be like now
- spending will be like now

Don't know if that is reality.
 Quoting: Anonymous Coward 1273752


It will be worse. The CBO's presumptions are always based on a rosy picture. This is the best case scenario.
Pearl Harbor was an inside job.
Anonymous Coward
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02/01/2012 06:36 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
Isn't that because they make assumptions:
- economy will be like now
- spending will be like now

Don't know if that is reality.
 Quoting: Anonymous Coward 1273752


It will be worse. The CBO's presumptions are always based on a rosy picture. This is the best case scenario.
 Quoting: CrazyJarhead


Ok could be.

But there is always this difficult decision. If economy goes bad, do you spent to get it running again, or do you stop spending to save money but risk the economy going broke all together.
Anonymous Coward
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02/01/2012 06:37 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
It's all a big fucking joke.. stop worshiping money its pathetic! you think there's any difference between 10TRILLION and 20TRILLION?? we are never gonna pay off the deficit and money is printed out of thin air, its backed by nothing! fucking retards let money rule your life and you will always be miserable!
Anonymous Coward
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02/01/2012 06:40 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
It's all a big fucking joke.. stop worshiping money its pathetic! you think there's any difference between 10TRILLION and 20TRILLION?? we are never gonna pay off the deficit and money is printed out of thin air, its backed by nothing! fucking retards let money rule your life and you will always be miserable!
 Quoting: Anonymous Coward 1468040


It is backed by GDP.
Anonymous Coward
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02/01/2012 07:00 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
Thats blatant wishfull thinking isn't it?
I mean, the US won't get there, it will end soon very soon because it has problems now making the world think it can pay back on their loans.

The world is already ignoring the dollar..the US is finished, its all smoke and mirrors to keep their people in check and not make them revolt when they find out the world's 'sole superpower' is flat broke and can't do shit.
I foresee the US becoming a 3rd world country and Obama is creating a dictatorship to protect the elite from being taken out of power long before the end of 2012...
In fact that is happening right now.
Anonymous Coward
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02/01/2012 07:10 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
could you have chosen a more biased news source? LOL "The right news. right now" give me a fuckin break and get the fuck out of here
 Quoting: Anonymous Coward 1468040


It's from the Congressional Budget Office. I guess they're bias too, you dumbass Obot.
 Quoting: CrazyJarhead


Yeah the Congressional Budget office is the responsible party in this case as well.

I guess you are so biased when it comes to Obama you will blame him for pretty much anything, no matter how ridiculous or baseless it is.
AlcoholicRunner
I abduct humans and drink at the same time.

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02/01/2012 07:21 AM

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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
could you have chosen a more biased news source? LOL "The right news. right now" give me a fuckin break and get the fuck out of here
 Quoting: Anonymous Coward 1468040


It's from the Congressional Budget Office. I guess they're bias too, you dumbass Obot.
 Quoting: CrazyJarhead


Yeah the Congressional Budget office is the responsible party in this case as well.

I guess you are so biased when it comes to Obama you will blame him for pretty much anything, no matter how ridiculous or baseless it is.
 Quoting: Anonymous Coward 9859050


You're not very bright, are you?
Anonymous Coward
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02/01/2012 07:42 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
It's all a big fucking joke.. stop worshiping money its pathetic! you think there's any difference between 10TRILLION and 20TRILLION?? we are never gonna pay off the deficit and money is printed out of thin air, its backed by nothing! fucking retards let money rule your life and you will always be miserable!
 Quoting: Anonymous Coward 1468040


It is backed by GDP.
 Quoting: Anonymous Coward 1273752


You mean our GDP that is 70% based off spending?
RayGun

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02/01/2012 08:12 AM

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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
Congressional Budget Office projects that the national debt under President Obama’s policies will rise to $21.665 trillion by 2022, according to its updated budget outlook.

The updated outlook, released Tuesday, found that current Obama administration policies will result in a 50 percent increase in debt held by the public and a 40 percent increase in intra-governmental debt held in the trust funds of entitlement programs.

[link to cnsnews.com]
 Quoting: CrazyJarhead


5*

When the system crashes they will claim that freedom and capitalism failed. Its going to be a rough ride. burnit
Anonymous Coward
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02/01/2012 08:19 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
In case anyone wonders why the debt raises exponentially, watch this series(hint, it's not the whatever president is in office' fault, which does not mean they are faultless):
[link to www.youtube.com]
Anonymous Coward
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02/01/2012 08:48 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
oridin
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02/01/2012 08:57 AM

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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
Thats blatant wishfull thinking isn't it?
I mean, the US won't get there, it will end soon very soon because it has problems now making the world think it can pay back on their loans.

The world is already ignoring the dollar..the US is finished, its all smoke and mirrors to keep their people in check and not make them revolt when they find out the world's 'sole superpower' is flat broke and can't do shit.
I foresee the US becoming a 3rd world country and Obama is creating a dictatorship to protect the elite from being taken out of power long before the end of 2012...
In fact that is happening right now.
 Quoting: Anonymous Coward 1260049


Well, we will fare better than most as this is global. So look around you yourself if you want to see broke!
One of the most important aspects of conspiracy theories is being able to discern when there isn't one.

Oh yeah, like you'd understand anyway.

Where are we going and why am I in this handbasket?. . .J. Handy
Anonymous Coward
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02/01/2012 09:01 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
the feds 100 yr charter ends this year. i wonder if BO got that memmo
Mr. Toppit

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02/01/2012 09:14 AM

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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
You will "believe" in debt. Staggering stupendous impossible DEBT.

All the political deadbeats say so.... their pensions depend on it.
Anonymous Coward
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02/01/2012 09:25 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
Curve fit the data from the last 10 years and it's much higher than that.
.
ToSeek

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02/01/2012 09:50 AM

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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
Where were all these complainers when the Bush administration increased the national debt by 88% under far better economic circumstances?
Anonymous Coward
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02/01/2012 09:59 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
Congressional Budget Office projects that the national debt under President Obama’s policies will rise to $21.665 trillion by 2022, according to its updated budget outlook.

The updated outlook, released Tuesday, found that current Obama administration policies will result in a 50 percent increase in debt held by the public and a 40 percent increase in intra-governmental debt held in the trust funds of entitlement programs.

[link to cnsnews.com]
 Quoting: CrazyJarhead


Sure bummer and the rest of these idiots will want major middle class tax hikes ta pay for it .they believe we have had it too good for too longand wanna see a tax rate of 40-50%like in europe.flipoff
ToSeek

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02/01/2012 09:59 AM

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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
It will be worse. The CBO's presumptions are always based on a rosy picture. This is the best case scenario.
 Quoting: CrazyJarhead


That's kind of half-true. The CBO is pretty conservative when it comes to forecasting economic recovery, but on the other hand even this pessimistic outcome assumes that there are no changes to current law. That means the Bush tax cuts expire, there are no changes to the Alternative Minimum Tax, and there are no new government programs of significance. Don't count on Congress following through on any of those.
Anonymous Coward
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02/01/2012 10:00 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
Where were all these complainers when the Bush administration increased the national debt by 88% under far better economic circumstances?
 Quoting: ToSeek


Almost forgot about 2 wrongs making a right...

Doom off! Everything's cool now.
Mr. Toppit

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02/01/2012 10:09 AM

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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
Where were all these complainers when the Bush administration increased the national debt by 88% under far better economic circumstances?
 Quoting: ToSeek


They were being censored and reviled by the same media clowns we have today

moderating the primaries.
Fuhrer D

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02/01/2012 10:11 AM
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Re: CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022
Funny that you and your ilk were saying that CBO is always wrong when they were saying that the Health Care Reform would save the country a great deal of money.

I guess when it fits your agenda it must be true?

You are very transparent, its easy to see why you go after Obama. What makes it even sadder is that you know the president doesn't matter, he is the scapegoat, the policies would be the same if anyone one else was in office. You like the rest of the sheep are being led right off the cliff.

Last Edited by Fuhrer D on 02/01/2012 10:12 AM
Fighting fatuousness, one AC at a time.

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