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Topic:
Where will our debt be after Obama's second term?
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Sin_of_Onin
Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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When addressing the Federal debt it is easy to point fingers and lay blame but that just distracts from the harsh reality that if we are going to fix the debt there are groups of people that will have to pay a price. Who here likes small busnesses? Old people? The middle class? Well guess what, they are going to pay a price of fixing this mess.
Now listen to politicians talk and you will quickly see that very few of them want to bang that point home. They will talk about attacking government but forget to mention that really means the middle class will pay a price. It is easier to talk entities like corporations and the government than it is to talk about the impact changes have on people.
IMO the middle class needs to get selfish.
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theredkay1
Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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A much more important question is where will employment, GDP, incomes and productivity be in 2016?
Will we have a college football playoff? Will there be even more talent shows on TV? Hoverboards yet?
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Scarne
Title: Capo di Scientifico
Posts: 1,087
Registered: 2001-7-23 15:24:34
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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-Espiritu- posted:
definitely. Any future GOP candidates at any level should be forced to go through a Paul Ryan re-education camp so they understand that fiscal conservatism is related to spending and not taxation.
Paul Ryan's budget was entirely based on magic that lowering taxes even more would drive unemployment down to 3% within a few months. 
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__Bonk__
Posts: 5,122
Registered: 2009-7-25 03:04:52
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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Things wont be fixed anytime soon. The out of control spending must be controlled AND taxes need to be raised
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Elkad
Title: aka Ebenezer
Posts: 407
Registered: 2003-9-11 22:20:55
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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Where's the "Zero because we defaulted" option?
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Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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Elkad posted:
Where's the "Zero because we defaulted" option?
Ah, yes.
You're referring to the vaunted "Greek Protocol".
Aptly named on multiple fronts.
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Bobvillas
Posts: 643
Registered: 2008-11-19 12:56:18
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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If interest rates normalize to their 30 year average of 6% (vs. 2% in 2010) coupled with our below average debt maturities (that have kept the Treasuries borrowing costs down) normalizing then we are screwed.
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SoBaKi
Posts: 487
Registered: 2002-2-26 09:31:13
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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-Espiritu- posted:
We will definitely be passed $16.3T before the election... but I'm using ~ $16T as the basis for these projections.
You didn't phucking care during the 8 years of bush, why are you concerned all of a sudden?
espoogeu posted:
THAT BLACK MAN PHUCKED ME AND MY WIFE!
Oh, now I understand.
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__Bonk__
Posts: 5,122
Registered: 2009-7-25 03:04:52
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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Obama is in Washington State fundraising at taxpayer expense. Airforce one and all that security must be expensive.
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I keep my eyes fixed on the sun!
A change in feeling is a change in destiny.
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dae_trist
Posts: 1,049
Registered: 2003-6-5 13:32:39
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Date Posted:
1/1/00 12:00am
Subject:
Where will our debt be after Obama's second term?
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SoBaKi posted:
-Espiritu- posted:
We will definitely be passed $16.3T before the election... but I'm using ~ $16T as the basis for these projections.
You didn't phucking care during the 8 years of bush, why are you concerned all of a sudden?
espoogeu posted:
THAT BLACK MAN PHUCKED ME AND MY WIFE!
Oh, now I understand.
espoogeu 
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