thanks, Big Bubba!
Do any of you think we can recover from this debt we now owe to China, etc.??
z
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79 comments:
SURE... We just need to spend more...
I just borrowed that top graphic for my post today, albeit my post is on a different topic.
Love that top graphic, Z! LOL.
I don't know if we can recover... at this point, if we can SLOW the debt, we're doing good...
Will "we" ever recover? Who's "we". Lot of folks posting on this blog are going to take a real bath.
Wall Street is doing just fine and will continue to do just fine.
Will "we" ever recover? Nope, but QUICK look over there, big scary Muslims.
Pay off the Chinese? With our interest costs near zero, we can do that. If we borrow at 12 and 15 percent like the mad man St. Ronnie Raygun, probably not.
Will "we" ever recover? Who's "we". Lot of folks posting on this blog are going to take a real bath.
Wall Street is doing just fine and will continue to do just fine.
Yeah Ducky! So buy stocks now! (sarcasm)
Losing 10 years worth of your investments generated by your 401(k) when the stock market plummets down by 7,000 points in a recession is such fun!
Will "we" ever recover? Nope, but QUICK look over there, big scary Muslims.
That you leftists don't want to offend with a cartoon.
C'mon Ducky. Get in the ring already.
Hi, Born Again...you ruined my day :-)
AOW..will go look in a minute!
Karen, good, isn't it....slowing it won't help our standing too much.
Ducky, most Americans, when we say "we", we mean WE WHO LIVE HERE....you had trouble with that?
So your solution is to overlook terror threats and THEN we'll be okay financially? When the 'big scary muslims' are gone? Good thinking...
Odd you blame Reagan still...we've had quite a few presidents between there but....at least you're not STILL blaming Bush. Maybe, some day, you'll grow up and blame the great borrower?
Quite a compelling piece on the 10 libs who need condolences on bin Laden's death. I don't know the site, someone just sent it to me, but it's sad, really sad...and makes quite some sense, the stuff I saw..the points are backed by links you won't want to miss and it's pretty funny, too (if it weren't so sad).
Liberals: amazing:
http://www.newsrealblog.com/2011/05/06/10-leftists-who-need-condolences-on-death-of-hero-osama-bin-laden-1/
I am SO over the birth certificate thing, sadly....most of us understand nobody fights that hard to keep under wraps anything for no reason, but let's leave reason aside and read this!! I laughed out loud:
"ORANGEBURG, S.C. – Colin Powell told graduates of South Carolina's premier historically black university that they were graduating during a tumultuous time that saw a royal wedding, a pope's beatification and a U.S. military assault that killed Osama bin Laden, "the worst person on earth."
But the former secretary of state and Joint Chiefs chairman told South Carolina State University's 400 graduates on Friday that he particularly enjoyed another recent event: "That was when President Obama took out his birth certificate and blew away Donald Trump and all the birthers!"
The stadium roared in approval of Powell's comments on the president's move last week to quell the doubts of those who don't believe he was born in Hawaii. The retired Army four-star general endorsed Obama's 2008 presidential bid."
Are weddings and beatifications "tumultuous?"
And the stadium ROARED in approval! This is like Obama calling college visits TOWN HALLS as if he's got unindoctrinated healthy Americans to win over :-) Have you noticed that?
So Powell takes the big challenge to preach to the choir and we have to see how they've been taught little reasoning capacity, too. ! Gad, if it wasn't so funny...........
Mr. Powell, don't look now, but Trump finally got Obama to issue forth the supposedly FINAL BIRTH CERTIFICATE that had been locked up ...for some reason. But OBAMA WON!? :-)
Recover? Why would we want to recover?
...and we start by cutting off all relations with China!
Funny graphcs there, Z. Now,
"Do any of you think we can recover from this debt we now owe to China, etc.??
In a word, yes. IF we can invest in our economy by way of small businesses, not more bucks thrown into the infrastructure scam. Secondly, we have to get control of our spending, which will mean that, thirdly, we will have a plan to manage our debt. I think.
Ah yes, z, we're all in this together and the masters of the economy are working for everyone's interest. Pretty to think so.
Beamish, I assume you've been buying for the last couple years. You didn't miss the rally, did you?
Ducky, "Ah yes, z, we're all in this together and the masters of the economy are working for everyone's interest. Pretty to think so."
This is what you think I think? Do you ever read?
Bob...I hope you're right, I really do.
Ducky,
I'm buying a bit smarter now. I didn't get out of loser stocks fast enough when the recession hit. What I had put away in a 401(k) over 10 years took a beating. I'm no where near back to where I was, nor back to where I'd be if losing off of that 10 years of gain didn't happen and I could build atop it. Most Americans with 401(k)s and pension funds tied up in the stock macket can say the same.
You think a profitable Wall Street hurts America when the complete opposite is true.
"You think a profitable Wall Street hurts America when the complete opposite is true."
I think that's the definition of a leftwing ideologue and a conservative realist.
Bush taking office: $2T National Debt. Bush leaving office: $10T National Debt.
Really now. Any questions?
Is he gloating?
PERFECT.
Bush taking office: $2T National Debt.
lol!
You need to go recheck your benchmarks. Your including 41's debt w/42 (Clinton) AND 43 (Bush, jr)
btw - What's Obama's debt so far? (2 years)? Is it $6 trillion? More?
Obama has added more to the public debt in 2 years than George Washington through Ronald Reagan combined did in 200 years.
The Democrats only ever like to talk about the "funded" national debt. They never like talking about the tens of trillions that Democratic politicians have promised the American peple in exchange for Democratic votes, but are completely UNFUNDED...
The U.S. government is committed under current law to mandatory payments for programs such as Medicare, Medicaid and Social Security. The GAO projects that payouts for these programs will significantly exceed tax revenues over the next 75 years. The Medicare Part A (hospital insurance) payouts already exceed program tax revenues and Social Security payouts exceeded payroll taxes in fiscal 2010. These deficits require funding from other tax sources or borrowing.
The present value of these deficits or unfunded obligations is an estimated $45.8 trillion. This is the amount that would have to be set aside during 2009 such that the principal and interest would pay for the unfunded commitments through 2084. Approximately $7.7 trillion relates to Social Security, while $38.2 trillion relates to Medicare and Medicaid. In other words, health care programs are nearly five times as serious a funding challenge as Social Security. Adding this to the national debt and other federal commitments brings the total obligations to nearly $62 trillion. However, these amounts are excluded from the national debt computation.
Bd, the debt was 6.2T when Bush came into office
BTW, the debt rose 4.6T in 8 years under Bush, 3.9T in 2 years under Obama.
You could argue that some of this was left over from the late part of the Bush Presidency but then the obvious reply would be who controlled Congress at the end of the Bush Presidency and therefore actually spent the money?
Go back and try again.
BD! Check out who gave Clinton that great economy, then check who Bush had to work with the first admin, then the second!
My friend, you really MUST do your homework before commenting! "Bush taking office: $2T National Debt. Bush leaving office: $10T National Debt.
Really now. Any questions?"
How about "aren't you embarrassed?"
Yes, Z. We can recover, but it will take an aggressive domestic energy policy, LONG-TERM and getting government the hell out of our way. The FED, the EPA, the Commerce Dept. to name 3, must be severely cut.
FW: and the Dept of Education. Except that our parents, so many of them, don't really care anymore. In the old days, we'd have had parents stepping up and paying for things the classroom lacked (I've seen it)..
Today, parents are SHOCKED when they open textbooks and see what they're teaching our kids. Where have they BEEN until now, these parents who are suddenly so surprised?
And the STates are so broke they can't step in, either.
It's almost like this was planned..
I'm hoping more and more home school but with this rotten economy, I fear more and more mothers will have to get jobs....if they can find them.
I hope you're right that cuts will help......
Good morning, the biggest change that could impact our economy, almost immediately is to produce our own oil and natural gas. America becoming energy independence would keep hundreds of billions of dollars here at home and would cripple the Middle East's ability to fund terrorism, all at once. IT THE KEY TO IMPROVING EVERYTHING FOR US!
These progressives entrenched in our government at the Energy Dept and the EPA, among other agencies, keep us from exploring and extracting our own natural resources. WE HAVE GO TO GET THESE PEOPLE OUT OF OUR GOVERNMENT!
Happy Mother's Day, Z!
Oil is paid for in dollars. Saudi, Libya, Iran pump oil and they get dollars.
That isn't going to change if we increase domestic production.
it's sad the Republicans didn't get their way years ago when they were hollering for oil drilling here..especially ANWAR......
I remember the left was afraid it would kill caribou and the caribou, instead, cozied up to the warm pipes in the first utter warm winter bliss they probably every experienced.
One of the things I liked that Trump said was that we should get tons of oil from Iraq for all the money we spent getting that company freed up from the threats of Saddam (Mr Z had acquaintances there years and years ago who'd suddenly not appear at mtgs and nobody'd hear from them again...the people lived in dire fear)..
Domestic production: we stop giving dollars to countries which use them to plot to kill us. Not a bad development.
Under Reagan our economy tanked, Under Clinton our economy prospered leaving Bush the biggest surplus ever. Bush not only squandered the biggest surplus but created the biggest deficit by starting two wars and not including them on the budget or raising taxes.
Obama put the wars on the budget making the deficit appear to go sky high-on the charts-but they were always hidden under Bush.
Obama's stimulus saved us from another great depression.
Under Reagan our economy tanked
Fail.
Under Clinton our economy prospered leaving Bush the biggest surplus ever.
A surplus that never manifested itself, was but was a mere projection of budgets in the post-Clinton years.
You should understand that economists argue about yesterday because they can't figure out how to address tomorrow. It has always been this way.
Bush not only squandered the biggest surplus but created the biggest deficit by starting two wars and not including them on the budget or raising taxes.
I don't recall Bush starting any wars. Seriously, Aristide's bodyguards practically handed Clinton's 2nd favorite Caribbean thug to the US Marines that came for him. As for answering Saddam Hussein's perennial violation(s) of the Safwan cease fire agreement with invasion, and deposing the Taliban from Afghanistan (not to mention taking Aristide out of Haiti, or counter-terrorism ops in the Phillipines), those were very much included in the budgets.
The only budget-busting war I can think of that Bush got us into was the war on common sense with his education and retirement health care initiatives (No Child Left Behind, Medicare prescription drug bennies), two things I recall Democrats being very enthusiastic about.
But for the most part, Bush gave that "Clinton surplus" back to its creators, in the form of a tax cut.
Obama put the wars on the budget making the deficit appear to go sky high-on the charts-but they were always hidden under Bush.
Except they weren't hidden.
Your math doesn't add up.
Either Bush's tax cuts took away the "surplus," or military spending and homeland security spending took away the "surplus," or new education and entitlement spending took away the "surplus."
If you've got a surplus, you can't have a deficit. Bush largely spent cash on hand, right?
They trouble is Obama is spending on credit, with no way to pay for it.
You've got 2 wars in Iraq and Afghanistan winding down, wars that certainly didn't intensify under Obama in either deployments or spending.
So war and military spending can't account for Obama's quadrupling the deficit in his first 6 months.
We got new touchy-feely TSA guards at the airports under Obama. Hmmm.
Obama kept the Bush tax cuts, and federal revenues continue to rise, and they're rising at a faster percentage rate that when taxes were higher.
So, we're not looking at a war budget problem or a taxation problem. We're looking at a spending problem. What "mandatory" spending is on the rise?
Entitlements. Medicare. OBAMACARE.
Obama's stimulus saved us from another great depression.
Yet a little under half of that $814 Billion "stimulus" remains unspent.
So, is Obama hiding spending, or does he have a surplus?
Waitaminute, I thought you said Bush "squandered" the surplus?
How's Obama sitting on $380+ Billion of unspent stimulus money if we just avoided Great Depression II?
Or, shorthand...
Bd, you're an idiot.
I don't know that Bd is an idiot...but he sure doesn't understand Congress and the president's powers...
or he'd never have been able to write that mumbo jumbo after having read our input.
CLinton had his success handed to him...kept up the Republican methodology, then the economy started to tank, just before BUsh, with Clinton's lefty congress....and Bush got blamed...
funny, now that I think of it...Bush set in motion the methodology to catch Bin Laden via KSM, too.
and Obama takes all the credit.
that's a Dem thing, I guess
With a media in the bag for lefties, these lies perpetrate and Bd swallows it. I can't blame him; he's certainly not alone.
Maybe "idiot" is too harsh.
What do you call someone who claims Bush "squandered" the surplus by giving it back to tax payers AND spending it on entitlements AND warfare and yet Obama has increased spending and still has almost half of the "stimulus" spending in hand, year that's not a surplus?
Obama created a budget surplus by not raising taxes back to Clinton levels? What?
;)
ya, where IS the stimulus money still unspent??
Wait a minute! Nobody's asking...WHO'S THE IDIOTS?
Paying off the debt is entirely possible with a three point strategy. (1) Start cutting spending NOW. The target is to maybe cut it by 1/5 while BHO and the Progressives remain in office. (2) Win the Senate and WH in 2012 for the Conservative Ascendancy. Continue the cutting *and* (here's the really important part) implement growth policies for the economy - direct revenues to debt first until it's paid off. It could be paid off (easily)in a single two-term principled conservative administration.
d(^_^)b
http://libertyatstake.blogspot.com/
"Because the Only Good Progressive is a Failed Progressive"
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