Community > Politics, Current News & Events

Topic: DEBT DEBT DEBT OBAMA BUDGET
msharmony Joined Mon 08/31/09 Posts: 61041	Mon 02/01/10 09:23 AM
Interesting budge information From BBC news The US budget deficit hit a record $1.4 trillion (£877bn) in the year to 30 September, US Congress estimates say From Politifact.com On Jan. 7, 2009, two weeks before Obama took office, the Congressional Budget Office reported that the deficit for fiscal year 2009 was projected to be $1.2 trillion An increase, but not quite the BALLOONING that so many claim has happened. that was 2009.. In 2010 its 1.56 trillion .. 2011 is the budget he just released.. 1.3 trillion.. So that is 2.86 trillion in his 2 years in office.. Debt=Bad We will see once he has actually been in for two years,, I guess. When we are standing in breadlines maybe people will realize that maybe he made bad choices....but guess we will have wait. Lets hope it wont get that bad, I dont think it will. Yes, I choose to postpone judgment until his term is up,unless any of the aforementioned catastrophes(depression, unnecessary war, ridiculous and unfounded spending) occurs.

InvictusV Joined Sun 11/23/08 Posts: 5282	Mon 02/01/10 09:42 AM
Interesting budge information From BBC news The US budget deficit hit a record $1.4 trillion (£877bn) in the year to 30 September, US Congress estimates say From Politifact.com On Jan. 7, 2009, two weeks before Obama took office, the Congressional Budget Office reported that the deficit for fiscal year 2009 was projected to be $1.2 trillion An increase, but not quite the BALLOONING that so many claim has happened. that was 2009.. In 2010 its 1.56 trillion .. 2011 is the budget he just released.. 1.3 trillion.. So that is 2.86 trillion in his 2 years in office.. Debt=Bad We will see once he has actually been in for two years,, I guess. When we are standing in breadlines maybe people will realize that maybe he made bad choices....but guess we will have wait. Lets hope it wont get that bad, I dont think it will. Yes, I choose to postpone judgment until his term is up,unless any of the aforementioned catastrophes(depression, unnecessary war, ridiculous and unfounded spending) occurs. By the end of his 4 year term he will have increased the debt by over $6 trillion.. The first 6 years of the Bush term raised the debt by $3 trillion.. It seems pretty simple math to me..

msharmony Joined Mon 08/31/09 Posts: 61041	Mon 02/01/10 09:49 AM
Interesting budge information From BBC news The US budget deficit hit a record $1.4 trillion (£877bn) in the year to 30 September, US Congress estimates say From Politifact.com On Jan. 7, 2009, two weeks before Obama took office, the Congressional Budget Office reported that the deficit for fiscal year 2009 was projected to be $1.2 trillion An increase, but not quite the BALLOONING that so many claim has happened. that was 2009.. In 2010 its 1.56 trillion .. 2011 is the budget he just released.. 1.3 trillion.. So that is 2.86 trillion in his 2 years in office.. Debt=Bad We will see once he has actually been in for two years,, I guess. When we are standing in breadlines maybe people will realize that maybe he made bad choices....but guess we will have wait. Lets hope it wont get that bad, I dont think it will. Yes, I choose to postpone judgment until his term is up,unless any of the aforementioned catastrophes(depression, unnecessary war, ridiculous and unfounded spending) occurs. By the end of his 4 year term he will have increased the debt by over $6 trillion.. The first 6 years of the Bush term raised the debt by $3 trillion.. It seems pretty simple math to me.. You are posting of debt PROJECTIONS,, yet to be seen. I was speaking in terms of deficit.

isaac_dede Joined Sat 11/24/07 Posts: 10632	Mon 02/01/10 09:52 AM
I'm not sure people actually UNDERSTAND how much 6 TRILLION Dollars is. Let's break this down. 6 Trillion looks like this 6,000,000,000,000 in 4 years. How much spending is that really? Well that would mean it is 1,500,000,000,000 per year..... 125,000,000,000(billion)/month. that would mean 31,250,000,000(still billion)/week 4,464,285,714(rounded down/yep still billions) per day 186,011,904(finnaly we are in the MILLIONS!) per hour. If spending over 186 million dollars an hour is not excessive I WANT YOUR PAYCHECK!

isaac_dede Joined Sat 11/24/07 Posts: 10632	Mon 02/01/10 10:18 AM Edited by isaac_dede on Mon 02/01/10 11:14 AM
Or better yet here is a visual representation of only ONE trillion dollars. We'll start with a $100 dollar bill. Currently the largest U.S. denomination in general circulation. Most everyone has seen them, slighty fewer have owned them. Guaranteed to make friends wherever they go. A packet of one hundred $100 bills is less than 1/2" thick and contains $10,000. Fits in your pocket easily and is more than enough for week or two of shamefully decadent fun. Believe it or not, this next little pile is $1 million dollars (100 packets of $10,000). You could stuff that into a grocery bag and walk around with it. While a measly $1 million looked a little unimpressive, $100 million is a little more respectable. It fits neatly on a standard pallet... And $1 BILLION dollars... now we're really getting somewhere... Next we'll look at ONE TRILLION dollars. This is that number we've been hearing so much about. What is a trillion dollars? Well, it's a million million. It's a thousand billion. It's a one followed by 12 zeros. You ready for this? It's pretty surprising. Go ahead... Scroll down... Ladies and gentlemen... I give you $1 trillion dollars... Fyi ONE trillion Secononds equates to 32,000 years.

liberalredneck Joined Fri 01/29/10 Posts: 118	Mon 02/01/10 11:57 AM
and bush did not waste any money. same old dryed out line. bush wasted money obama wasted money. both about the same.

isaac_dede Joined Sat 11/24/07 Posts: 10632	Mon 02/01/10 12:30 PM Edited by isaac_dede on Mon 02/01/10 12:30 PM


InvictusV Joined Sun 11/23/08 Posts: 5282	Mon 02/01/10 01:05 PM
Interesting budge information From BBC news The US budget deficit hit a record $1.4 trillion (£877bn) in the year to 30 September, US Congress estimates say From Politifact.com On Jan. 7, 2009, two weeks before Obama took office, the Congressional Budget Office reported that the deficit for fiscal year 2009 was projected to be $1.2 trillion An increase, but not quite the BALLOONING that so many claim has happened. that was 2009.. In 2010 its 1.56 trillion .. 2011 is the budget he just released.. 1.3 trillion.. So that is 2.86 trillion in his 2 years in office.. Debt=Bad We will see once he has actually been in for two years,, I guess. When we are standing in breadlines maybe people will realize that maybe he made bad choices....but guess we will have wait. Lets hope it wont get that bad, I dont think it will. Yes, I choose to postpone judgment until his term is up,unless any of the aforementioned catastrophes(depression, unnecessary war, ridiculous and unfounded spending) occurs. By the end of his 4 year term he will have increased the debt by over $6 trillion.. The first 6 years of the Bush term raised the debt by $3 trillion.. It seems pretty simple math to me.. You are posting of debt PROJECTIONS,, yet to be seen. I was speaking in terms of deficit. OK... Bush first 6 years.. $3 trillion in debt.. Obama first 2 years $2.8 trillion in debt.. No projections... real numbers..

liberalredneck Joined Fri 01/29/10 Posts: 118	Mon 02/01/10 01:11 PM
well the money obama has spent. is to make up for first. bush's tax cut for the rich. rest is for his screw ups.

InvictusV Joined Sun 11/23/08 Posts: 5282	Mon 02/01/10 02:19 PM
well the money obama has spent. is to make up for first. bush's tax cut for the rich. rest is for his screw ups. You just make this up as you go along?

Thomas3474 Joined Mon 11/10/08 Posts: 2713	Mon 02/01/10 02:40 PM
I am glad to hear Obama at least put a stop to funding some stupid space station on the moon.That is the last thing in the world we need to be working on right now.Privatize Nasa!