Thom Hartmann: Republicans ran up the debt & now they don't want to pay the bill

[buisyman]

What a crock of shit. Liberals all whine about the 5.2 trillion in National Debt that Bush ran up in 8 years, but remain silent about the almost 6 trillion Obama has run up in 3 short years. And, before you liberals out there start beerating me about this post, do the math, or you'll look even more stupid than you already do. Lowering taxes on eveeryone has proven, by history, to increase the revenues by stimulating economic grown, ie., creating jobs, while increasing taxes does the opposite.

[6308281]

What's really funny the republicans are lieing to the Public by saying the democrats made this miss in the pass three years - well here's the truth what really has been going on - The question is do we vote another rebublican into office Again - Can we afford that. Can our kids afford that - It's simple get rid of the repubilcan controlled Senate - then we will have a unified goverment - not the circus the republicans have been making out of the countrys Government -Americans need Solidarity

[Bill1275w]

Repukes think wars, aircraft carriers, and stealth bombers are free!  They cost a lot more than granny's meds!

[dropkick23]

This is retarded. Obama put $4 trillion onto the debt....so far. There is no damn difference between the parties. Don't buy into this crap.

[shpadua]

@dropkick23 how is this wrong? 4 trillion? Don't spout out numbers without facts behind them. 800 billion ended up paying off Wall Street. A debt deal in motion BEFORE Obama took office. And most of the rest of the money went to wars, also not created by Obama. Bush drove the cart into the mud and it isn't going to get pulled out in one election cycle! Especially if we keep voting in Republicans and keeping our citizens ignorant with the farce being displayed on major media outlets!

OBAMA 2012

[shpadua]

@dropkick23 how is this wrong? 4 trillion? Don't spout out numbers without facts behind them. 800 billion ended up paying off Wall Street. A debt deal in motion BEFORE Obama took office. And most of the rest of the money went to wars, also not created by Obama. Bush drove the cart into the mud and it isn't going to get pulled out in one election cycle! Especially if we keep voting in Republicans and keeping our citizens ignorant with the farce being displayed on major media outlets! OBAMA 2012

[dropkick23]

@shpadua

You are gullible Please keep buying into the fairy tale left right right left establishment paradigm that prevents any meaningful change. 

[durhamdf]

@dropkick23 The difference between the parties is that the Dems under Clinton left Bush a budget surplus of 300 billion that would have paid all of our debt off by now if Bush hadn't cut rates & jacked up spending. Whereas Obama inherited a 1.2 trillion dollar budget deficit in 09' even if he hadn't signed a single piece of legislation (CBO.org)! The difference is the NeoCons failed Macroeconomics and decided to run up the debt after a decade of runaway growth then pay it off in a recession!

[dropkick23]

@durhamdf Clinton's foreign policy led to 911 and the dems voted for Iraq and the continued nation building presence in afghanistan which has added $4 trillion to the debt. the dems supported the wall street bailouts and the inflationary actions of the fed. There is no difference between the parties.

[durhamdf]

@dropkick23 It was the neocon policies of the cold war that have led to the resentment of America that caused 9/11! The Dems supported the Iraq war, but based on the "intelligence" peddled by Bush and the NeoCons that Iraq had nuclear weapons. THe difference between the parties besides this, is the GOP spent like crazy after a decade of runaway growth when they should have been cutting. The Dems spend like crazy during a recession when every mainstream economist would suggest you should!

[dropkick23]

@durhamdf OK, american's foreign policy since the 50s led to 911, both parties contributed to the interventionism. Both parties partook in the same brand of misguided keynesian economics that has led to where we are today economically and have allowed the a small group of insiders at the fed to control the monetary supply and exacerbate the problems. Both parties have contributed to a drastic and unconstitutional increase in the size and scope of the federal government.

[durhamdf]

@dropkick23 If you think Bush was exercising Keynesian economic policy then you haven't got a clue what Keynesian economics is! Keynes would have said that spending on deficit after a decade of runaway growth and demand pull inflation while siultaneously maintaining extremely low interest rates is a recipe for depression! A keynesian economist would have continued Clinton's policies and ran a budget surplus to cool down bubble growth. Bush did the exact opposite! (contd)...

[durhamdf]

@dropkick23 (contd)... Both parties may be to blame for our interventionist policies of the past 50 years. But you could never argue that Liberals are just as much to blame as conservatives! Keynesian economics AKA mainstream economics has been the guide for our country for around 60 years. In this time we went from a middle ground unstable economy with depressions every 20 years on the classical laissez faire economists to the undisputed economic hegemon without a single depression!

[dropkick23]

@durhamdf Clinton benefited from greenspan's QEing, there was no magic there. Ever since we went off the gold standard we've been able to print + borrow our way to prosperity. Its voodoo economics. Without our currency as the world's reserve we wouldnt have been able to get away with it for so long. The fed and the policies at the time prolonged the first depression and we're doing the same thing now. Long term consequences of excess printing/borrowing is destruction of the currency

[durhamdf]

@dropkick23 Every country on the planet is now a fiat currency...none of them are the world's reserve currencies and they seem to have "gotten away with it" just fine! But I never said Clinton was the only reason for a boom in the 90's, I just said that over the past 60 years Keynesians have been in charge (both democrat and republican) and during this time, we became the undisputed economic hegemon with a much more stable eeconomy than under the anarcho capitalists you praise. (contd)...

[durhamdf]

@dropkick23 (contd)...And FYI Keynesian economics didn't exist in the great depression, and look at what happened in the GD. We had 4 years of recovery, then the Laissez Faire classical economists took back control of congress in 37 and imposed the same austerity people like you call for today and what happened? We slipped back into the great depression immediately and could only get out when the government started its massive WW2 spending campaign!

[dropkick23]

@durhamdf Gotten away with it just fine? Look at europe, its a disaster. We haven't seen anything yet here either. The whole thing is coming unglued and it goes back to our excessive printing and the world's prolonged acceptance of our dollars. the depression didnt end until after WW2 when we drastically cut spending and stimulus. I urge you to watch this: watch?v=npJ0CUT8d_Y

Peter schiff puts everything into perspective, including the history. no partisan politics though.

[durhamdf]

@dropkick23 Yeah we are in a global recession now, but the fiat currencies of the world have done jst fine over the past 70 years! And what about China, Brazil, India etc.. all of whom have fiat currencies and seem to be doing just fine! Did you just say that we cut spending for WW2? HAHAHAHAH WOW! We got off the gold standard because it leads to deflationary spirals turning recession into depression! Peter schiff is a finance expert, he has absolutely no education in ANY economic theory!

[dropkick23]

@durhamdf I said after WW2. Please read. We got off the gold standard so that politicians could spend unlimited amounts of (fake) money. Lower prices is a sign of a healthy economy. A centrally planned economy stands in the way of prosperity and turns recessions into depressions. Schiff has it nailed, you are stuck in the old style of thinking.

[durhamdf]

@dropkick23 What makes gold naturally valuable? Everything on this planet including fiat currencies have value because people have faith that they have value. What is gold good for? Can you eat it? Can you live in it? No, you can make jewlery and a tiny bit is used in high end electronics. When you have deflation, prices DON'T fall! This is because prices are sticky downwards as they are tied to inputs and contracts. The result is the same high prices, lower pay, and debt is worth more

[dropkick23]

@durhamdf Gold has held very stable value for 6000 years across many cultures. Almost every fiat currency has gone bust in less than 70 years. Can you eat paper? What kind of logic is that? First line from wikipedia : "In economics, deflation is a decrease in the general price level of goods and services." and: "deflation increases the real value of money – the currency of a national or regional economy. This allows one to buy more goods with the same amount of money over time."

[durhamdf]

@dropkick23 Two problem with that. A. It wakes a while for prices to fall because, as I said, prices are tied to inputs and contracts and are therefore sticky downwards. When a company makes a widget it spends money on materials and labor. It can't sell this widget a week later for less than it cost to make a week ago. Secondly, Deflation encourages people to hoard cash istead of consuming/investing because their cash will be worth more in the future. This kills demand causing (contd)...

[durhamdf]

@dropkick23 (contd)... companies to cut production and labor which raises unemloyment and results in another drop in demand and the cycle continues. Mild inflation is necesary, it encourages people to consume/invest their cash instead of sitting on it which means higher growth rates, and a MUCH more stable economy without deflationary spirals. Gold price does NOT stay stable! We have seen the price of gold double in a couple years or drop dramatically. (contd)...

[durhamdf]

@dropkick23 (contd)...DO you realize how difficult it is to set contracts when your country's currency changes in value by 100% in a couple years?! We already learned these lessons in the great depression buddy, you libertarian Ron Paul bandwagoners are just 80 years behind!

[dropkick23]

@durhamdf The value of gold is stable, its the currencies they are priced in that are unstable. Gold is going up because the dollar is losing value. The dollar is unstable because of inflation. Saving and investment is what grows an economy, not consuming. Cheap credit of the 20s caused the depression which was prolonged by government intervention. It would have been over in a couple years, just like our current crisis would probably have been corrected if we didn't intervene 2008-current

[durhamdf]

@dropkick23 If the dollar is losing so much value then why don't I need more dollars to purchase a car? Or a house? Or a new TV? Again buddy, inflation is the raising of the price index as a whole not just a few commodities!!! Saving is good in times of economic expansion, it leaves money for companies to invest in capital which means future growth. Savings is the last thing you want in a recession when demand is stagnated. Especially when companies have record cash reserves in their (contd)...

[durhamdf]

@dropkick23 (Contd)...corporate treasuries and don't need loans to invest in capital! And in the great depression we had 3 years of recovery from 33-36 then the laissez faire douche bags took back control and threw us immediately back into the great depression. And what got us out? GOVERNMENT INTERVENTION SPENDING LIKE CRAZY FOR WW2! If we didn't intervene in 2008-9 we would have had bank failures which would have resulted in deflationary spirals which is a recipe for depression!

[MMARIC20]

@durhamdf Bank Failures brought up by what (perhaps bank deregulation), or maybe freddie mac...since you are not that big of a fan of Ron Paul, you would not know that he predicted the collapse, and warned us against it, like any un-paid and un-biased economist..he actually tried to prevent it!!!!! .should have never come to the point that it was at..

[durhamdf]

@MMARIC20 Wow so many ass backwards statements I don't know where to begin. First of all, Ron Paul isn't an economist, he is a fucking country doctor with absolutely zero formal education in any economic theory. Secondly, Ron Paul has been "predicting" the same vague doomsday scenarios for the past 3 decades! EVEN A BROKEN CLOCK IS RIGHT TWICE A DAY! LOL! Finally, Freddie Mac can't force banks to make loans they don't want. (contd)...

[durhamdf]

@MMARIC20 (contd)... If that was the case why are we having so much trouble getting banks to loan out their record cash holdings now? The bottom line is Banks were taking insane risks because it was extremely profitable at the time, END OF STORY. Seriously study the 19th century when the laissez faire morons like Ron Paul were in charge and we were having depressions every 20 years and then tell me that is what you want to go back to!

[MMARIC20]

@durhamdf Okay idiot, before you decided to bash here is a clear mistake individuals that are so one sided like you make! Research, come back, look at his voting record, and then you will see how flawed, educate you self on him (not the republican party nor the libertarian part) Him..before you make idiotic comments.. "predicting" way to try and wave the fact off that he is right...id does not take a rocket science economist to understand this..

[MMARIC20]

@durhamdf LoL now that i called you out, way to hide you lil channel....Get the fk out of here lol...you have no idea what you talking about or you just have not spend the time to research because you so afraid to hear something out of your element and please since you so keen on history, give me an example in history of a goverment being able to print or borrow its way to prosperity ? In the end, it falls apart buddy...

[MMARIC20]

@durhamdf By the way, i read you comment about inflation, i can tell that you don't have fundamental knowledge of economics, which leads me to believe you a what i call a "google expert", You wont notice much inflation on objects that you mentioned,(i.e houses, cars ) what you will see is inflation on objects that are traded much more frequently, milk, bread, flour, corn.. etc. ultimately affect the poor and lower classes, the beauty of the printing money left and right....Stop Talking!

[durhamdf]

@MMARIC20 Well I did major in economics so I would hope I understand how inflation works :) HEY RETARD! The fed doesn't print money! It creates money through the exact same accounting procedures that every bank on the planet uses (open market operations and loans). Way to cherry pick only items that are directly effected by the spike in oil prices. Food prices especially get jacked up by increased transportation costs and increased fertilizer costs. (contd)...

[durhamdf]

@MMARIC20 (contd)...But the CPI, the most comprehensive market basket available shows very slight inflation, below average. You see kid, Inflation is the product of too many dollars chasing too few goods. When all the money the fed has put into the economy sitting in bank vaults not being loaned out and no demand pushing up prices, how the fuck do you think we would have run-away inflation?

[MMARIC20]

@durhamdf Why are you rambling on and trying to "teach" something to someone already specialized in the field? Why are you avoiding most of the arguments that nullify your stance.Quit trying to be smart, take that "economics major" and wipe your ass with it for having said some of the crap you did to that other rock kid.and focus your attention responding to my points, without rambling on towards deeper discussions, discussions that will only get complicated and confuse you even more! Kidd!GTFO

[durhamdf]

@MMARIC20 Yeah you are specialized in the field of economics eh? Then why is it you are spewing out this retarded Austrian school nonsense? What accredited University did you study at? Mises U? The price of oil is determined on the international market fucktard. And of in case you have been living under a rock the price is up dramatically across the board. If inflation in the U.S. was the only thing driving prices up then the price of oil wouldn't have spiked in Russia and China as well! (contd)

[MMARIC20]

@durhamdf Cont(4)Again to sum it all up What you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.-

[luvcheney1]

@durhamdf You are unaware the Chinese currency is very much undervalued? They intentionally make it fall nearly as fast as the US Dollar, for the purpose of keeping the exports to us cheap. In effect, our inflation is theirs. Most, but not all of the world wants to devalue close to our rate, That is why rising prices is widespread in the world, and WHY there was a housing bubble in Europe too, (you never heard of). Its a monetary issue. We destroy our currency, others do same.

[durhamdf]

@MMARIC20 (contd)... Again, you can't cherry pick a few items and call that inflation. Inflation is across the board. And right now the price of 99% of goods in a market basket are stable. You want to answer my question you mental midget? How do you expect demand pull inflation to occur when demand is stagnated? Now little boy, why don't you run along and speak with some like minded supply sider morons and Austrian School flunkies because you are just making an ass out of yourself here!

[MMARIC20]

@durhamdf How old are you? You have a problem reading, if you can not do the most simplest things please dont comment back dumb fuck, and quit copying my insults, dumbass, i am not arguing anything about inflation, simply telling you what mistake you made idiot..but you refuse to see that, go back, read what i said, and stop responding idiotically, instead, respond to the point i make instead of continuing blabbering on like you have been doing this whole conversation..Cont

[MMARIC20]

@durhamdf Cont(2) its not the prices in america that drives the fucking oil, up, i never said that, quote me that point, see you are delusional, What you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

[MMARIC20]

@durhamdf Contd(2) again, mr. google expert, the interesting thing about listening to other peoples points of views and reciting them is that it prohibits your critical thinking, where did you get your Economics major? Must have been a public school :P ...Just research a bit, before jumping the gun on individuals such as Ron Paul and economics in general, again, give me an example in history of a goverment being able to print or borrow its way to prosperity ? Quit beating around the bush morron

[MMARIC20]

@durhamdf contd (3) See i can tell that you have government curriculum based economic knowledge, a veteran economist would never associate oil prices with the previously named inflation based items, in respect towards inflation. Let me explain, Oil prices are directly affected by the strength of the dollar which in turn is affected by no other than this strength, i be optimistic and hope that you know how this strength is regulated, by the same thing you defend.. so to actually blame (contd)

[MMARIC20]

@durhamdf contd(4) the prices of these items on oil, is a rookie mistake! It's called single layer thinking, at it roots at simple public educational institutions, its not your fault, but please you have the internet, you have the resources, don't be so closed minded and deflect something that might open your eyes and enrich you knowledge, because citing other people will not get you anywhere and dont take this out of context and bring in another argument you are not equipped to win ;) cheerios

[1999mtg]

I do not know what you are talking about . I never commented on this vid.

[jjinjp]

did a former VP from goldman sachs change his name and go to work for a congressman?

youtube.com/watch?v=Sou6e02Ben­U

[xXKokoBunnyXx]

EVERYTHING IS CORRUPT! We need an apocalypse XD

[tutubeongooification]

We should march on Washington and remove the Republican party

[th86stone]

he doesn't show you obama's contribution of 4 trillion himself and he has even finished is term

[strawberryseason]

@th86stone  Obama hasn't added 4 trillion to the debt.

[th86stone]

@strawberryseason cbsnewsDOTcom/8301-503544_162-­20019931-503544.html,

cnsnewsDOTcom/node/72404,

blog.heritageDOTorg/2009/03/24­/bush-deficit-vs-obama-deficit­-in-pictures/

[vechorik]

The Debt Ceiling under President Reagan was raised eighteen times to a total of $1.85 trillion (See Table 7.3). This is less than the $3 trillion-plus already raised under President Obama! Raising the Ceiling 18 times during the eight Reagan years meant a Ceiling battle every 5.3 months (on average), with an average rise of only $102 billion per increase. So… does Obama really want to get the Reagan Treatment?

[1999mtg]

BOTH PARTIES ARE THE SAME. FIGURE IT OUT EVERYBODY ! ! ! ! LOOK WITH YOUR EYES AND HEAR WITH YOUR EARS . DUH !!!!!!!!!!!!!!!

[mtm9]

@1999mtg After watching this and reading the simple charts that show the same - How can you say what you just said? It's blatantly ignorant.

[poindexterwitkowsky]

President Obama, YOU MUST PROTECT Social Security, Medicare & Medicaid. Under Bush, Republicans voted 7 TIMES to raise the debt limit. It was the last 3 REPUBLICAN presidents, REAGAN, BUSH Sr. & JUNIOR that ran up the debt. ...IF America defaults WE THE PEOPLE will know who to blame. The Republican Party will be for generations to come FINISHED!... PRESIDENT OBAMA THIS IS A THRESHOLD MOMENT, STEP THROUGH!

[dmtirino]

@poindexterwitkowsky YOU ARE MY NEW GOD!!!! Thank you!!!

[jcman240]

@poindexterwitkowsky SS, Medicare, & medicade are bankrupting this country. Do away with them all and let old people fnend for themselves. Older years suck anyways, not sure why we have to keep useless people around and pay for every damn part of their life. If you have money your good, if not it's not my or this countries problem. Start euthanizing people instead of paying ridiculus late life helathcare bills.

[fringbenefit]

@jcman240 better hope you don't grow old, better yet don't have a stroke or any other unforseen dibilitating health condition because of your youth it easy too talk about the elderly but you will be old someday and the word you wrote may haunt you someday.

[KCArmstrongXIIV]

hey btw what a big surprise, the republicans took the house in 2010...and now NOTHING is getting done

the dems pashed lanmark legislation and saved the economy from collapse...and now the republicans are once again sitting around holding the country back and holding its people hostage

WHAT A SURPRISE

[TheCortez714]

If Al Gore was president after Clinton, the U.S. would have not been in this mess

[jd46322]

This guy is full of shit.

Reagan ran up the debt. However, he did fix the whole "stagnation" fiasco of Carter. So, I can't really see how anyone can say he wasn't an improvement over the guy he replaced.

Bush senior had a debt because of the first gulf war

Clinton only *didn't* have a debe because his economy was artificially inflated by the .com market.

W had two wears, 9/11, and Katrina to deal with.

[g4macdad]

@jd46322

Wanna buy some swamp land, a bridge, some GoldLine and some AmWay?

You sound like the biggest GOP propaganda tool, in history.

ROTFLMAO!

[strawberryseason]

@jd46322 Reagan fixed stagnation by Carter?? You mean by borrowing and speanding and then passing the massive debt on to future generations. A big man, for sure. Hey, I could show you a good time, too,and get you out of your "stagnation" if I could run up credit card bills and never have to pay them off!

[callouschristian]

Below are listed securities bets that Eric Cantor stands to cash out on if he can MAKE THE ECONOMY FAIL!! Wake up, America. The real terrorists are the people like Cantor and those who don't demand that he account for himself!!

$1-15,000 ProShares Trust Ultrashort 20+ Year Treasury ETF (TBT)

$1-15,000 iShares Barclays TIPS Bond Fund (TIPS)

$1-15,000 WisdomTree International Basic Materials (DBN)

$1-15,000 SPDR S&P Metals & Mining (XME)

[themredweirdoshow]

Besides the insane tax breaks for the rich fatcats, the Fannie & freddie nightmare also took a huge chunk out of the economy over the years. In order to puff up their fake inflated pricing of 1975 $20,000 homes into 2005 $200,000 homes, the real estate crooks let a bunch of deadbeat bums sign up for them. It was all about maintaining the facade - which finally crumbled in 2008.

[nicenonya3]

The Reagan and Bush crime family ran up the debts because they handed out huge tax breaks for their rich pals!

[fatsuburbanitedad]

interesting that that he points out W Bush raised the debt 4.6 trillion in 8 years, but doesn't mention Obama raised it another 4 trillion in two years. I guess bias blinds him. I'd be more interested to see debt as a function of the party controlling congress, since congress is in charge of funding.

[Kardiatheon]

@fatsuburbanitedad no teh baise is that you guys who say Obama, while tring to hide Bush

[SuperSpooky999]

So ridiculous of a video... Congress has more to do with spending our money than Presidents do. What about the democratic congresses during those presidencies?? So many falsehoods...people on here believe the propaganda bullshit.

[RBLA818]

@SuperSpooky999 Reagan was great at brainwashing the public and winning their support for his insane ideas. And yes, many of the Democrats were wimps. But Reagan initiated and fought for every one of those policies and spending bills! The Republicans proudly took credit for them, and still do today! They also praised those Democrats who stood by the popular president.

[johnny75803]

@SuperSpooky999 YOu charlatan, the democrats don't control Congress right now, neither did they went during idiot Bush's second term.

[preparadox]

when did credit card companies start involving law enforcement? this is a civil issue...collections law suits and liens etc, not jail, not as far as I know and when debtors prisons become a reality America is no longer free...pay the bills but if you can't jail should never be an option...jeeze

[Salvysahagun]

Thom your forgetting a huge a piece of history.

AMERICA WAS IN ECONOMIC DISASTER WHEN REAGAN TOOK OFFICE!!!

[exposingcrooks]

Hartmann is an IDIOT. Clinton did not create a budget surplus. That's propaganda. Clinton used off-balance accounting to record the ILLUSION of a surplus. Once again, "Mr Know-It-All" Hartmann gets it wrong. Both parties are teh same. You have no real vote. If you dont see that you are an idiot.

[SechyoolarYOOESAY]

@exposingcrooks

Really Mr Know it all? I suggest you visit Presidentialdebt(dot)org so you can recant your retarded statement. Clinton wasn't the best, but he did leave with a surplus regardless of your conspiracy theories

[preparadox]

@SechyoolarYOOESAY

what conspiracy theory? do you not understand the electoral system? you've never voted for a president in your life unless you are a member of the hand picked [being rewarded] electoral college...I don't care how many times you've been to the presidential polls...and while Clinton did better than the rest, there certainly were some DOCUMENTED shenanigans...in the calculations.

[tgonzales65]

@preparadox Aren't the presidents the leaders? Who has the final say. The presidents can choose to sign or not sign a bill.

[exposingcrooks]

@SechyoolarYOOESAY Hey DIPSHIT, do youeven know what off-balance accounting is??? You are just another sheep who believes whatever he is fed. BOTH PARTIES ARE THE SAME. FIGURE IT OUT KID.

[exposingcrooks]

@keefiff99.. youare a complete idiot. "Thom is a national treasure"??? hahaha. He is a complete idiot and propagandist no different that the neo-con talking heads, each getting you to think the 2-party political system offersyou hope when in fact it is facism. Its idiots like you who keep supporting America's facist political system who are responsible for America's demise. Wake up kid. Both parties are the same. And they are puppets of the Jewish bankers and Israel.

[keefriff99]

Thom is a national treasure.

EVERY AMERICAN needs to see this video. It makes the reality of this clusterfuck SO CLEAR.

Of course...don't expect Obama or any DEMOCRAT to do the work of educating the 'Murrcan people.

They're only slightly less bought off and corrupt than the average Republican.

Meaning...we're screwed.

[RoccoRyg]

I'm forwarding this to everyone I know. You're the man, Thom.

[666brainiac]

If you're in the toilet and there's no toilet paper all you have to do is yell out the door that you're rich, every registered Republican will rush in to lick your ass clean.

That is how disgusting Republicans are. They have no dignity.

[94boppers]

what about obama? how has he delt with this, what i have heard is that he has added on the debt?

[Salvysahagun]

Funny pretty sure Obama has spent 2wice as much as Bush.

Nice try

[JQuenz1]

@Salvysahagun Wow! You're "pretty Sure"? Wrong! Check the facts. Nice Try!

[Salvysahagun]

@JQuenz1

George Bush spent around two trillion a year.

Obama averages around 3.5 trillion a year

[traydevon]

So, Obama continued those same Bush wars and keeps adopting Republican economic positions, and here we are, from Bush's $10.4 trillion debt when Obama came into office to Obama's $14.3 trillion debt, $4 trillion more in less than 3 years.

Obama is one of those Democrats TOO TIMID to reverse course. For not calling out Bush, Bush, and Reagan for creating the debt before him, and then for criticizing Dems & adopting GOP positions that added to the debt, OBAMA deserves as much blame as anyone.

[nicenonya3]

@traydevon it was closer to 12 Trillion when bush was run out of Washington and the place was on FIRE!!!

[traydevon]

@nicenonya3 The National Debt hit $11 trillion in mid-March 2009. Of course at that time, Obama hadn't had time to do anything but sign Lilly Ledbetter and issue an Executive Order sealing his pre-Presidential records. After 2 1/2 years on the job, there are no more excuses. The $4 trillion since Bush is his. End these vampire wars that are sucking the country dry, and TELL THE PEOPLE THE TRUTH. This country was prosperous when the rich paid more in taxes because THEY USE UP MORE of society.

[ffakr]

@traydevon Just a quick note.. Budgets run through the end of August. Obama's first budget started about 9 months into 2009. Over $1 Trillion of debt that is usually attributed to Obama was from GW Bush's final budget.

Obama also put the 2 wars on the budget instead of putting them in supplementals like GWB. That's why his year to year budgets look so bad. Stimulous spending makes the budget look bad too.

Spending is actually comming down under Obama.

[traydevon]

@ffakr Yes, I realize that some of it is a carry over from Bush to Obama. Doesn't matter. SYMBOLICALLY, Obama is continuing the same wars and tax cuts for the rich, therefore, it's his debt. As for "spending" coming down, who gives a crap other than dumb people? Spending is not and never has been the problem. Priorities are. When we spend on WAR instead of education, that's bad spending. When we spend on TAX CUTS for the rich instead of a jobs program, that's a problem. "SPENDING" can be good.

[TheCortez714]

@traydevon Obama got fucked by Bush spending too much

[sweYoda2]

It is NOT about democrats vs republicans, it's the same thing. The increasing debt is because of how the monetary system is designed. Exponential growth and exponential infaltion is not sustainable!!!!

[yutuboslaven]

@sweYoda2

You are right. They are all scumbags! For example, Clinton abolished the Glass-Steagal-Act.

Money = Debt.

[nicenonya3]

@yutuboslaven The Gingrich neocons,Rubin,Summers and Greenspan pushed for the repeal of Glass-Steagal,it is a wet dream of the GOP to end everything from the new deal!

[yutuboslaven]

@nicenonya3 since FDR we haven't had our guy in the white house.

[Salvysahagun]

@nicenonya3

You should mention that only half of Glass Steagal was repealed.

we still have the FDIC which is a Moral Hazard

[Quintessentguy]

@yutuboslaven No, it was Republican Phil Gramm of Texas who added the abolition of Glass Steagal to a spending bill, do your homework, and that goes for everyone on here that spouts trash and can't even spell.

[yutuboslaven]

@Quintessentguy you are an idiot, because you don't see that democrats=republicans. instead of losing time with politics of the day, you should study our monetary system. once you know how it works, you'll realize it is not about left vs. right, it is rich vs. poor.

your democratic president O'bomber is (for example) a Goldman Sachs guy. right now they are pushing tea-party nuts, in order to make the O'bomber's far right policies reasonable.

[trick29420]

Yeah, where exactly did all of Willy Clinton's 'economic growth' come from? O yeah, that pesky old housing bubble. Whoops, that one popped! Demublicans or Republicrats, they're ALL FUCKING CROOKS.

[xxcrysad3000xx]

Remember during the subprime mortgage crisis when everyone was looking for someone to point the finger at, conservatives en masse blamed homeowners who walked out on their mortgages? "People have a civic, nay a moral obligation to honor the contracts they sign". I guess those same standards don't apply to the federal government, especially when its politically expedient to do otherwise.

[salsa20]

Why does Hartman always make it a left vs right issue when its obvious that both parties are the same? He also leaves out how we are going to pay off are debt and to leave us hanging later. I'll tell you how it works. We sale more treasury bonds to the Federal Reserve so it can print more money our of thin air to pay there debt and then to give money to Hartmanns friends at Wall St to near O% to speculate with no risk and then you and I pay 20-30% to barrow are own money back.= FAIL!

[mdlittle5466]

Here is what we have - the current economic model encourages secure business over innovation stymieing advancement unless such innovations stimulate the economy via planned obsolescence. Ecological devestation and negligent waste production are a byproduct of profit. When the economy does not have enough jobs in the private sector in order to employ the populace - it is not the fault of the populace for being impoverished/wage-slaved and THIS is the best the monetary based economy has to offer.

[Textynn]

Wow. How do we get rid of these Repub parasites.? they are responsible for profiting off of killing, hardship , and misery. How do they keep getting into power? I really don't believe our elections are valid. Sure, *some* states elections have valid votes. I bet if we had iron clad voting processes the Republicans and Blue dogs would be history. I don't believe it, I know it.

[rickbar123]

RW scum