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| Name: |
MartiniMan
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| Subject: |
U.S Debt Clock
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Date:
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7/8/2009 9:57:17 AM
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Very depressing on so many fronts. Justaguy needs to check snopes to see if this is legit. :-)
URL: http://www.usdebtclock.org/
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| Name: |
Lady
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| Subject: |
U.S Debt Clock
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Date:
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7/8/2009 11:11:13 AM
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A bit of history
URL: http://zfacts.com/p/318.html
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| Name: |
Summer Lover
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| Subject: |
U.S Debt Clock
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Date:
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7/8/2009 11:26:00 AM
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I am from the Government and I am here to help you.... Good idea, let the Feds take over the banking and auto industries - they will skim their "fair" share, and let the rest go back to the masses.
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| Name: |
Talullahhound
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| Subject: |
U.S Debt Clock
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Date:
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7/8/2009 12:03:58 PM
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Really makes you think when you see those numbers clicking away like that. I have no doubt it is legit.
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| Name: |
MartiniMan
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| Subject: |
U.S Debt Clock
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Date:
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7/8/2009 12:04:44 PM
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I suppose your point is to try to show the debt increase under Reagan and Bush and GW and that is fair game to a point. The fact is that both Reagan and Bush 41 had a Democrat-controlled House and/or Senate to contend with. The fact also is that tax revenues increased under Bush and Reagan so the problem was with government spending, not tax policy. Thank you for giving me the opportunity to point that out.
What I find particularly ironic is the reduction in debt under Clinton. It continued to rise until 1994 when Republicans took control of the House and Senate. Further, Clinton was the first President to truly take full advantage of the peace dividend as the vast majority of his cost reductions were in the defense area and spending on domestic programs were tempered by the Republican-led Congress. Finally, he also raised taxes in his words "too much" which caused a mini-economic slowdown that cost Algore the Presidency. So his temporary increase in revenues reached its inevitable conclusion of economic slowdown and increasing debt.
As for GW, I think we all know he was no fiscal conservative and knew that when he ran for office (the fruit not falling very far from the tree). We also know that Republicans in Congress abandoned their fiscal conservative principals as well and have been properly punished by the electorate. He also had to deal with the 9/11 economic slowdown although because his response was to cut taxes so the economy recovered very quickly (not too subtle hint for the Messiah).
The numbers are what they are but a little perspective and history lesson puts them into the proper perspective. However, as a little exercise in reality I would suggest you print this out and draw in the $1.4 trillion in new debt we are going to get from Obama and the Dem-led Congress and explain to me where all the deficit hawks on the left when Bush was President have gone. I did just that and if I could figure out how to post it here it would make any thinking American sick to their stomach.
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| Name: |
MartiniMan
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| Subject: |
Gives drunken sailors
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Date:
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7/8/2009 12:05:26 PM
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a bad name........
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Are you really that out of touch. When I read the biased article you posted I had to laugh. What you and the writer of this article fail to realize is the "boom years" under Regan (and Bush) that is reference, did not just happen, they were created through policy decisions around taxes and smaller government. Did that raise the deficit short term ... yes ... but through the growth in the economy, tax revenues will catch up.
It is less risky to borrow and expand debt when you are expanding the economy and creating prosperity. Businesses that are growing tend to leverage up to fuel their growth and that is a good thing. The same with government.
The problem under Obama is his policy decisions are not expanding the free markets, in fact making them smaller, he is puttting more governemnt on the backs of people and business and making them pay for it, and worst he is borrowing from future generations to do it.
If you ever owned a business and your business is getting worse, it is unlikely you can borrow more money. Regan (and Bush) did not print money to fund more government and government programs, they cut taxes to stimulate the economy and put more money in the hands of people ... that is the primary source for the deficits under both. That can be much easily handled because the economy is expanding and you are creatying jobs.
What Obama is doing is just plain DANGEROUS !@!!!!!
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| Name: |
Talullahhound
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| Subject: |
Gives drunken sailors
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Date:
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7/8/2009 2:49:47 PM
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LOL.. You are right.
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If you believe that the world will come to an end of December 21, 2012, you won't feel so bad.
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| Name: |
MartiniMan
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| Subject: |
12/12/12
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Date:
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7/8/2009 5:31:38 PM
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I get it. Well I for one will not worry since we got through 11/11/11 (1911) and 12/12/12 (1912) and 10/10/10.............you get my point. I do wonder how many nut jobs would take this bet. I will bet any takers $100,000.00 that the world will not end on 12/12/12, said payment due to me on 12/13/12. If they are so sure why not take my bet?
I always get the doom and gloom climate wackjobs with this one when they prognosticate that the world will come to an end in ten years if we don't do xyz. Of course, since our climate has cooled for this entire decade while CO2 levels have risen they seem uninterested in my bet. They just want to wail and moan but don't really believe it themselves.
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| Name: |
lazarous
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| Subject: |
I'll take that bet
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Date:
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7/9/2009 8:12:41 AM
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But we have to double down on 12/21/12....lol. It is 12/21 that the Myan calender runs out, not 12/12. Bill Nye the Science Guy gave the best explanation I have heard for the calender ending on that date. Real simple, whoever was making the thing simply 'ran out of rock'.
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