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Obama to half the national debt in 4 years

 
poisonfan2008
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03/12/2009 12:44 PM
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Obama to half the national debt in 4 years
Ok, so he plans to do this in 4 years. Please if you are a believer tell me how. He plans to pay back 500 trillion dollars in 4 years. Now it has been studied and shown that they could collect 100% of all salaries of every person in america that makes over $75,000 (as they pay almost 70% of all income taxes), and it would not even cover the governments budget for this year.

The math just does not add up. I am sorry but this is absolute fuzzy math. It is mathematically impossible to do what he is saying.

What makes you believe him?
Apocalypse Troll
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03/12/2009 12:53 PM

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Re: Obama to half the national debt in 4 years
What makes you believe him?
 Quoting: poisonfan2008



Absolutely nothing.
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Anonymous Coward
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03/12/2009 12:54 PM
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Re: Obama to half the national debt in 4 years
We will work and give our paychecks to him. He will, in turn, balance the budget and give earned income credits to the illegals and make it legal to hire them...but, not require them to pay taxes......Socialism, I mean, communism at its best!!!!
poisonfan2008 (OP)

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03/12/2009 12:56 PM
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Re: Obama to half the national debt in 4 years
Its absolutely rediculous. No one will call him on it.
Anonymous Coward
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03/12/2009 12:57 PM
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Re: Obama to half the national debt in 4 years
Well he's off to a good start with the new, creative taxes...like on tobacco..

Presently, the tax on a pound of tobacco is a little over one dollar...Come April first, this will increase to over $24 for that same pound of tobacco...

Now, if we increase that tax further, improving on this brilliant idea, to let's say, $700 or so, this will rapidly help reduce the debt and deficit...I know this is a small step, but together, holding hands in solidarity...well....

YES WE CAN!!!



rolleyes
Anonymous Coward
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03/12/2009 01:01 PM
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Re: Obama to half the national debt in 4 years
He will be able to do it easily. he will also saw a woman in a box in half and pull rabbits from hats.
Anonymous Coward
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03/12/2009 01:02 PM
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Re: Obama to half the national debt in 4 years
The people have turned over their intellect to the elite. They will believe everything they are told.

We are the slaves of the elite, we will work for food and we will not even have to hold up a cardboard sign on the street corner.

We will be assigned to our work, we will be assigned to our sleeping space, our offspring (if we are allowed to have any) will be taken from us and educated by the masters.

welcome to the NWO
rancelot
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03/12/2009 01:17 PM
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Re: Obama to half the national debt in 4 years
It's really simple my dear Watson.

You just devalue the dollar 50%.



sherlock
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03/12/2009 01:32 PM
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Re: Obama to half the national debt in 4 years
We have only seen the beginning of the Tax and Spend (on his agenda programs ... Acorn, et. al.)

We will see the Carbon Tax
We will see the Gasoline Tax increase up to $2/gal
We will see an excise tax on all Guns/Ammo/Reloading
Components up to 500% (only the rich will be able to shoot)
We will see a Stock Trade Tax

I expect an Excise Tax on everthing up to 5 Cents
I expect a Federal Water Usage Tax
I expect a Gas Guzzler Tax on vehicles below a certain MPG
I expect a Multiple Car Tax
I expect a Recreational Vehicle / Boating Tax
I expect a Two Cylce Engine Tax
I expect a tax on homes over a certain sq footage (say 2800)
I expect a Home Owner Nat Gas consumption penalty for anyone that consumes over a certain MMBTU / month (or day if they have smart meters)
I expect a Home Owner Electricty consumption penalty for anyone that consumes over a certain KWH / month (or day if they have smart meters)

Basically they are going to tax the shit out of everyone to pay it down. Now if you are part of the administration you are expempt from any and all of these taxes.

Let them eat cake
Anonymous Coward
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03/12/2009 01:34 PM
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Re: Obama to half the national debt in 4 years
BORROW IT?
Anonymous Coward
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03/12/2009 01:35 PM
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Re: Obama to half the national debt in 4 years
BORROW IT?
 Quoting: Anonymous Coward 5174



??????????????
Anonymous Coward
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03/12/2009 01:40 PM
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Re: Obama to half the national debt in 4 years
Ugh!

CANT GET YOUR NEWS STRAIGHT?!

Its...

HALVE THE DEFICIT.

Meaning, halve the depth we get into debt every year.

We will STILL be getting deeper into debt.

We aren't even in surplus territory like we had at the end of the Clinton years [where everyone in Congress was falling all over themselves to "SPEND THE SURPLUS" without talking about doing anything about the debt].
Anonymous Coward
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03/12/2009 01:43 PM
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Re: Obama to half the national debt in 4 years
Obama is such an asswipe. I could cut the budget deficit in half in the next 1-2 years.
bed
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03/12/2009 01:46 PM

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Re: Obama to half the national debt in 4 years
bankruptsy will fix america
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Anonymous Coward
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03/12/2009 01:49 PM
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Re: Obama to half the national debt in 4 years
BORROW IT?



??????????????
 Quoting: Anonymous Coward 532556


IT WAS A JOKE.
Mr. Predictor
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03/12/2009 01:52 PM

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Re: Obama to half the national debt in 4 years
he didn't say he would cut the debt in half

he said he would cut the yearly deficit in half
6473madburger

"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries." - Winston Churchill
GraftedPromise U$$ofA
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03/12/2009 02:06 PM
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Re: Obama to half the national debt in 4 years
.
... laugh ... yeah ... and water runs uphill on the planet he comes from ...
.
poisonfan2008 (OP)

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03/12/2009 02:09 PM
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Re: Obama to half the national debt in 4 years
he didn't say he would cut the debt in half

he said he would cut the yearly deficit in half
 Quoting: Mr. Predictor


Not according to CNN.

[link to money.cnn.com]
SHRModerator
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03/12/2009 02:14 PM

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Re: Obama to half the national debt in 4 years
he didn't say he would cut the debt in half

he said he would cut the yearly deficit in half
 Quoting: Mr. Predictor

Yeah in 2012...probably why he's quadrupled it... so far, so he can cut that in half and say "We did it!" Trillion dollar deficits are going to be the norm for the next 10 years or so I think was the last line? It'll be that easy...a lot of the spending in his latest bills are perpetual spending...those new govt programs will not go away, and they never get less hungry for funding.
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georgebushworstprezev​er
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03/12/2009 05:04 PM
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Re: Obama to half the national debt in 4 years
he didn't say he would cut the debt in half

he said he would cut the yearly deficit in half


Not according to CNN.

[link to money.cnn.com]
 Quoting: poisonfan2008


That's some shoddy reporting by cnn.com. The writer seems to want to use the terms "deficit" and "debt" interchangeably for some odd reason.

Obama is clearly referring to the budget deficit and not the national debt.
Anonymous Coward
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03/12/2009 05:06 PM
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Re: Obama to half the national debt in 4 years
Ok, so he plans to do this in 4 years. Please if you are a believer tell me how.
 Quoting: poisonfan2008


well Im not a believer but this is why he claims he can do it. He does not consider it to be debt if he spent it. Its only debt if Bush spent it so when he says hes going to "pay off half the national debt in 4 years" he only means half of what Bush ran up.

Obozo spent more in a month than Dubya spent in 8 years and hes just getting started so once Obozos first and only term is up his deficit will be one for the history books.
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03/12/2009 05:09 PM
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Re: Obama to half the national debt in 4 years
he didn't say he would cut the debt in half

he said he would cut the yearly deficit in half
 Quoting: Mr. Predictor


I could have sworn he said he would cut the national deficit in half by the end of his term but I could be wrong. Of course I could be right and he is just back peddling now and switching the words around thinking nobody will notice.

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