Barack Obama on the National Debt

[doit420sdf]

Impeach now. Obama is killing the Constitution. Throw this guy in prison indefinitely.

[slipknotfan90909]

End the drug war!

[iluvpoliticzz]

IF YOU TAX EVERY SINGLE HOUSEHOLD ABOVE 250K AT 100%, YOU ONLY GET 1.412 TRILLION DOLLARS....MR.OBAMA, ITS TIME TO CUT SPENDING! THAT WILL REDUCE THE DEBT!!!

[Digiscat]

Note : bush got us 5 trill more in debt in his 8 years...obama hasnt done 4 years yet and has about 4.5 trill.........yet I say most americans will still vote for him saying its "A lnog term plan"...and then then go for palin since they dont wanna be sexist, and maybe toss that one rich guy in there since they wanna fix the debt. Over all, its obvious the USA has started dying. Lol. At this point only one guy MIGHT be able to fix the debt, and damn, he knows zip about politics.

[gunniesack]

@Wolfordriver You're saying that this would not create tens of thousands of jobs and at least boost the economy and money trickling down creating more jobs? Creating jobs would be a good place to start. Lt. George Washington stated that the only way that America will crumble is from the inside, and this is what I see happening with Barack Obama. He has to many people blinded thinking that politicians are suddenly straight shooters. They re all used car salesmen, and he's the best liar there is.

[gunniesack]

@Wolfordriver

Apparently your degree is not in economics. I figured you as a smart kid. That is why I mentioned a 26 year old movie, but there's a difference between book smarts and common since. I figure you as a liberal so I'll remind you that even Dick Cheney and Dan Quayle both have a degree in law there, Doogie Houser. Common since is not a class given

[gunniesack]

@Wolfordriver Until Doc Brown can get up to 88 miles per hour by jamming garbage into the flux capacitor to use for fuel in order to get Marty Mcfly back to 1985, we are stuck with gasoline. You can keep mentioning how it can be in the future, but I'm talking about right now. BTW Nuclear power is not available in every corner store. Neither are flying unicorns

[gunniesack]

@Wolfordriver I will agree that oil isn't the best idea , but right now you are talking about engines that are not easy to come by or are not invented. If you are 16 then you have probably figured this out hopefully, but back in a place called reality we thrive on oil. this makes our society go. It brings goods to the store, and it takes people to work, and without the dependence on foreign oil we might be able to afford the change that obama was promising

[gunniesack]

@Wolfordriver when the wind engine comes out and proves itself as well as gasoline it will be great, but until then we are stuck with a gas engine. My first thought is a big rig hauling goods to a grocery store. and the alternative power you suggested like wind. Go blow on a diesel and make it go. Until it does go by blowing on it, we need oil. It is priced right now about 4.25 per gallon. Obama is really trying to ruin America by making drilling for oil Illegal. No body else signed that law.

[gunniesack]

@Wolfordriver Oil is big money. Money would get us out of debt. Too many liberal punks were yapping about the national debt under Bush. Obama is doing worse, alot worse. He told us in 2006 that he wasn't ready. Try running a car on steam.

[TheAngryYank]

Let me get this straight....the NATIONAL DEBT is now over $14 TRILLION...he's back out on the campaign trail rasing money for his re-election? He has put this country in the deepest debt we've ever faced and he wants to be re-elected for another four years...... Wake up Americans......

[ed2kou1]

Obama Care= Bigger Debt. Bho's energy policy=$5 per gallon gas. Thanks BHO. Can't wait till November

[gunniesack]

How about drilling for some f***ing oil?

[toberses11]

For me i think that for America the national debt is a huge problem, Americas biggest problem, i'm from the UK, and Obama is going to increase it by 9 trillion just by his official plan, how is that smart, Obama is going to bring down America

[se7ensnakes]

so basically our monetary system exist because certain people are making a lot of money from it...and payoff politicians to keep it intact. It is not because it is the best system for the people. I dont see Obama educating anyone. Most Americans know who Lady Gaga is but they dont know what a federal reserve note is. I dont see Obama showing us how the creditors work. I believe that obama does not even know what fractional reserve banking is.

[se7ensnakes]

It is absurd to say our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one promise fattens the userers and the other helps the people.

[se7ensnakes]

Thomas Alva Edison : If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good also. The difference between the bond and the bill is the bond lets money brokers collect twice the amount of the bond and an additional 20%, where as the currency pays nobody but those who contribute directly in some useful way.

[se7ensnakes]

What do these corporations expect in return? These were some of Obama's top contributors.

[se7ensnakes]

University of California $1,591,395 Goldman Sachs $994,795 Harvard University $854,747 Microsoft Corp $833,617 Google Inc $803,436 Citigroup Inc $701,290 JPMorgan Chase & Co $695,132 Time Warner $590,084 Sidley Austin LLP $588,598 Stanford University $586,557 National Amusements Inc$551,683 UBS AG $543,219 Wilmerhale Llp $542,618 Skadden, Arps et al $530,839 IBM Corp $528,822 Columbia University $528,302 Morgan Stanley $514,881

[bootylicification]

The debt when George W. Bush took office was $5.727 Trillion when he left it was $10.627 Trillion. The total debt that George W accumulated in eight years of office is $4.9 Trillion The debt right now is $13.736 Trillion. In approximately 666 days in office, he has accumulated $3.066 Trillion. Using simple algebra you'll find by Dec 2011, Obama will have accumulated more debt in three years than George W. did in 8 years.

.

Allen West 2012

[plowboy9991]

Hello obama. there is a word for taking peoples money without them knowing or against their will, i believe its called theft.

[xXTurdSandwitchXx]

And the worst thing is even if he lost the election he still won because its all rigged

[bulletchucky]

what an IDIOT

[ChevyLowProductions]

Anyone who drank the kool-aid this moron served is and should be considered mentally incompetent to vote. I hope and or wish Herman Cain would run. Oh ya, im racist. Thats why I'd vote for a black man over Obama. Lets see em try to wave the race card then. lol

[MrBoy219]

Yeah right, pay down the war in Iraq.. and increase spending in Afganastan.. Excuses,excuses, We are tired of all your promises (obam Wama)

[MrBlimbo]

his answer is to spend until there is nothing left to spend, obama is a fucking douche

[medartist01]

EVERYONE. I want you to look up the phrase: KEYNESIAN ECONOMICS. In late 2008, when GWBush birthed the Recession/Stock Market Collapse that trashed the entire US economy, putting millions out of their jobs, and sinking hundreds of businesses, including the entire US auto industry and US airline industry... NOONE WAS BUYING ANYTHING. Banks would not loan. If no one was going to spend, the USA would quickly slide into a DEPRESSION. The GOP said, "Let it happen." Obama said NO. Get it??

[britishareawesome69]

LIAR LIAR !!!!

[toyotas2006]

Apparently, most of you didn't understand his response

He said:

1. Stop the war(s)

2. Stop the corporate tax loopholes

3. Prioritize government spending on jobs, child care, infrastructure

[jkiene]

His strategy is to get more of the population on welfare, government entitlements, more government jobs, less private sector jobs and more bailouts and more national Dept...hence more government dependents who vote for more entitlements. ...that's the only way the liberal can get elected. Before they are elected, they run as a moderate or conservative. 46% of the population doesnt pay any taxes...he wants to take this to 70%

[watballs2020]

i love obama

[flmcon]

LIAR LIAR LIAR !! Progressive :o?? He is a Marxist/Fasist!

[msjewelry]

A mouthpiece for the tax & spend liberal movement.

[se7ensnakes]

obama knows that most people are not educated about economics so he is using that for his advantage. It is very clear that you cannot raise taxes on corporations or rich people because as soon as you do that they just raise praises of their products. In the end it is the common working person who ends up paying taxes.

[legendary727]

@se7ensnakes Which is why he is trying to educate them duh. We actually have a president that knows what the problem is and how to fix it. you cannot waive a magic wand and poof goes the deficit like so many people expect him to do. He just the beginning. This will take at least 20yrs of the right presidents making the right decisions impacting the deficit positively.

[Dudanation12]

You're an idiot if you try to tax corporations. Corporations are not people that spend money on junk, they spend money on business, and that's the people's jobs. There should be no corp taxes and just higher taxes overall to everyone and yes, cramming down on these guys evading taxes. Fairtax is the number one way. You cant spend money without paying taxes, unlike in this system, where you can receive money and dodge the IRS, just as he pointed out.

[Maximara]

@Dudanation12 Actually corporations ARE spending spend money on junk as in CEO who don't make the company money. Bring back the 90% tax rate of 1955 and force companies to put the money back into the company rather than into CEo and boards who sponge off the company they are running into a ground. Also tax the crap out of companies that outsource jobs to other countries.

[peatea98]

This guy needs to get a clue. I haven't seen one thing that he has done has helped. How about the FAIRTAX. This guy is Harvard Grad and he still thinks Corporations pay taxes!!! They don't consumers do through higher costs for products and we as share holders through lower returns in our investments. Lets see. Cash For Clunkers cost the American Taxpayer 24K per car. The stimulus has cost us 300K per job and he hasn't really created any. The American Electorate was sold a bunch of BS!!

[justintime1970]

if the economy is in the greatest depression ever after this joker is through will you still be blaming Bush?

[shadowolfblue]

Becoming the media's friend, spending without conscience, executive orders that bypass our system of checks and balances, and a civilian security force . . . complain and advocate, flame and bash, spew whatever ignorant profanity you want on it, it doesn't change the truth his pattern is nearly identical to what Hitler did in Germany in the 30's. Before getting ticked off just look at the facts. This administration has got to stop doing this to this country.

[danimal9579]

Obama is a huge degenerate

[truefaith00]

The hypocrisy and arrogance of this man is stunning.

He says that we can't become irresponsible like the previous administration, yet he's spent more money in his first 100 days than any President in history.

Almost six months into his Presidency, Obama realizes our debt is "unsustainable." Never mind the 3 trillion involved in the porkulus bill and another 100 billion for the war. So much for being the anti-war candidate.

The man is clearly not right in the head. You shouldn't be surprised.

[xxtool420xx]

@truefaith00 He has to fix all of Bushes fuck ups. He's gonna do it. I know he is. Have faith

[Vstands4Voice]

@xxtool420xx Huh? What are you on, he's made Bush seem like a vacation compared to the hole this President has dug.

[TheNecropolis20]

@Vstands4Voice i agree with you i voted for mc cain. reason why i agree with you is cause obamaspent 7 trillion dollars in his first year office which added 5 trillion to the debt cause the tax base is only 2 trillion. being conservative with money is a good thing but theres no reason to ever consider obama a fiscal conservative he spent trillions worth in pork in his first year no one knows where it went. it makes me hope that obama gets voted out. id like to see a tea party canidate.

[JawsJaws]

He dont know what the hell he is doing. How can people trust this man?

[ryanacehigh]

What the hell was that? He hardly answered the question at all! Let say we half spending in the war, that's only about 100 billion saving per year. That is minuscule compared to the 11 trillion federal debt.

[Twilightifyable]

We have never been a democracy, but a democratic republic. Maybe you should look that up. Marxism, Socialism and the destruction of our economy for something the elites want will cause a few things to happen.

.

*USA -> G20 3rd world nation

*USA overrun by illegals

*USA destroyed by terrorists

*USA -> no middle class, only poor + rich

*lots of good productive people dead.

.

if we're lucky we get out of this with the worst depression USA ever saw.