CBO: Obama’s Policies to Increase National Debt 47% to $21.7 Trillion by 2022 | |
CrazyJarhead (OP) User ID: 1498716 United States 02/01/2012 06:04 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 9979690 Germany 02/01/2012 06:08 AM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 9859050 Hong Kong 02/01/2012 06:13 AM Report Abusive Post Report Copyright Violation | 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. |
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CrazyJarhead (OP) User ID: 1498716 United States 02/01/2012 06:22 AM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 1273752 Netherlands 02/01/2012 06:36 AM Report Abusive Post Report Copyright Violation | Isn't that because they make assumptions: Quoting: Anonymous Coward 1273752 - economy will be like now - spending will be like now Don't know if that is reality. It will be worse. The CBO's presumptions are always based on a rosy picture. This is the best case scenario. 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 User ID: 1468040 United States 02/01/2012 06:37 AM Report Abusive Post Report Copyright Violation | 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 User ID: 1273752 Netherlands 02/01/2012 06:40 AM Report Abusive Post Report Copyright Violation | 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 User ID: 1260049 China 02/01/2012 07:00 AM Report Abusive Post Report Copyright Violation | 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 User ID: 9859050 Hong Kong 02/01/2012 07:10 AM Report Abusive Post Report Copyright Violation | 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. 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. |
Anonymous Coward User ID: 6956382 United States 02/01/2012 07:21 AM Report Abusive Post Report Copyright Violation | 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. 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. You're not very bright, are you? |
Anonymous Coward User ID: 1145727 United States 02/01/2012 07:42 AM Report Abusive Post Report Copyright Violation | 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. You mean our GDP that is 70% based off spending? |
RayGun User ID: 2404633 United States 02/01/2012 08:12 AM Report Abusive Post Report Copyright Violation | 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. Quoting: CrazyJarhead 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] 5* When the system crashes they will claim that freedom and capitalism failed. Its going to be a rough ride. |
Anonymous Coward User ID: 1496557 Canada 02/01/2012 08:19 AM Report Abusive Post Report Copyright Violation | 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 User ID: 6478008 United States 02/01/2012 08:48 AM Report Abusive Post Report Copyright Violation | |
Bluebird User ID: 730536 United States 02/01/2012 08:57 AM Report Abusive Post Report Copyright Violation | Thats blatant wishfull thinking isn't it? Quoting: Anonymous Coward 1260049 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. 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 |
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Anonymous Coward User ID: 1489906 United States 02/01/2012 09:59 AM Report Abusive Post Report Copyright Violation | 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. Quoting: CrazyJarhead 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] 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. |
ToSeek User ID: 9492698 United States 02/01/2012 09:59 AM Report Abusive Post Report Copyright Violation | 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. |
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Fuhrer D User ID: 3916559 United States 02/01/2012 10:11 AM Report Abusive Post Report Copyright Violation | 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. |
1 | Obama's Legacy: $25 Trillion in Debt by 2022 | 07/30/12 |
2 | 2008 = 8 Trillion Debt VS. 2022 = 36 Trillion Debt | 12/19/22 |
Related Topics: Politics (Mainstream Media) - Barack Obama (US Politics) |