Topic: The Big Blue Book
no photo
Thu 02/26/09 09:21 AM
So President Obama has the big blue book that shows how 3.6 trillion more dollars will be needed, yet will reduce our deficit in half by 2013.

What are your thoughts on this?

beachbum069's photo
Thu 02/26/09 09:23 AM
The only way to make money is through taxation, so I don't know how he will keep his no tax promise and lower the deficit.

Totage's photo
Thu 02/26/09 09:24 AM

So President Obama has the big blue book that shows how 3.6 trillion more dollars will be needed, yet will reduce our deficit in half by 2013.

What are your thoughts on this?



LIES AND SLANDER!

Winx's photo
Thu 02/26/09 09:25 AM

So President Obama has the big blue book that shows how 3.6 trillion more dollars will be needed, yet will reduce our deficit in half by 2013.

What are your thoughts on this?



My thoughts are that it will get worse before it gets better and it's going to take years.

think2deep's photo
Thu 02/26/09 12:18 PM
the funny thing is,and this i'm sure everyone can agree on, the more you borrow the more you owe. you can't cut your debt to the department store by paying it with a credit card lol. this would actually put us in jail but the government is doing it every day. one thing i know is, you can't dig yourself out of a hole, it's impossible lol.

Winx's photo
Thu 02/26/09 12:21 PM

the funny thing is,and this i'm sure everyone can agree on, the more you borrow the more you owe. you can't cut your debt to the department store by paying it with a credit card lol. this would actually put us in jail but the government is doing it every day. one thing i know is, you can't dig yourself out of a hole, it's impossible lol.


But one still has to try to get out of the hole.

no photo
Thu 02/26/09 12:27 PM
CNN just reported that the deficit in Obama's budget he is submitting to Congress is more than the last five years of the Bush administration

combined

think2deep's photo
Thu 02/26/09 12:28 PM
when he borrows this money from the federal reserve, it will be owed back to the federal reserve with interest. every time we borrow from them it adds more debt to our balance sheet. you can't get rid of debt with more debt, it is physically impossible.

yellowrose10's photo
Thu 02/26/09 09:23 PM


So President Obama has the big blue book that shows how 3.6 trillion more dollars will be needed, yet will reduce our deficit in half by 2013.

What are your thoughts on this?



My thoughts are that it will get worse before it gets better and it's going to take years.


you are right

think2deep's photo
Thu 02/26/09 09:26 PM



So President Obama has the big blue book that shows how 3.6 trillion more dollars will be needed, yet will reduce our deficit in half by 2013.

What are your thoughts on this?



My thoughts are that it will get worse before it gets better and it's going to take years.


you are right


it won't get right on it's own though. it's just like a car, you can run it while it's messed up but if you don't fix it, it will leave you on the side of the road.

yellowrose10's photo
Thu 02/26/09 09:28 PM




So President Obama has the big blue book that shows how 3.6 trillion more dollars will be needed, yet will reduce our deficit in half by 2013.

What are your thoughts on this?



My thoughts are that it will get worse before it gets better and it's going to take years.


you are right


it won't get right on it's own though. it's just like a car, you can run it while it's messed up but if you don't fix it, it will leave you on the side of the road.


well of course not and not sure who will be the one to do it either

think2deep's photo
Thu 02/26/09 09:34 PM
lol, i'm one of'em bigsmile