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originally posted by: dukeofjive696969
originally posted by: OccamsRazor04
originally posted by: dukeofjive696969
a reply to: NewzNose
If you take out the interest from the debt he got when he became president, is debt is less than the 8 years of bush.
Bush did 6 trillion in 8 years, Obama did more than that in his first 4 years. You just lied. And are you suggesting we keep the interest in for Bush, and then only take it our for Obama?
Kind of disgusting.
Obama is at $6.167 trillion added since hes been president, under bush it was $5.849 trillion. Now count the interest and inflation.
Ive never said you cant count the same for bush, but your the one lying cause obama is at 6 trillion after 7 years, not 4.
Numbers are your friend.
originally posted by: dukeofjive696969
a reply to: OccamsRazor04
So you claimed i said a bunch of stuff on a bunch of different threads, i will wish you a good night, and we can resume are debating tommorow.
originally posted by: CoBaZ
Ok I got to seeing all the news stories about the national debt and how every american owes in the thousands.
I decided to put that to the test...
Source for Raw info page
I pulled up the year 2014 which is the last year with actual numbers.
Year GDP Population(in Millions) Debt in Trillions Actual/Estimated
2014 17.244 319.634_________________17.79_________ a
Divided the debt between the population.
17,790,000,000,000 / 319,634,000
Here is the Actual number Each citizen of the US owes as of 2014
$55,657.41 this is per person...
It was no where near this bad in 1970 (630,000,000,000 / 216,945,000 = $2903.96) , What happened?
How do we fix this?
Do we put all politicians on a spending moratorium ?
Do we cut all non essential services the government provides?
I have stated bringing up a problem with out presenting a solution is just Gritching, I do not want to that if I can avoid it.
I suggest when we get a New president in office no matter who it is, that he calls an emergency meeting of congress that is not allowed to go on vacation, has to sleep on cots in the chamber until a real budget that puts America back at ZERO debt is reached. Not Reached down the Road but with in 4 Years or everyone in government is fired, and new elections are Held. If this means No income tax refunds for four years so be it, if it means no research money for mating habits of snails it does not matter. If it means Duplicate services provided by alphabet soup are cut ok I do not think we honestly need NSA,FBI,CIA,TSA,Secret Service,Police,Constables and Sheriffs we could Reduce to maybe just Two or three, Duly Elected Sheriffs and their Appointed Deputies (county/Parish Level) and the FBI (federal Level) plus big maybe a state level like the Texas Rangers. (if cities want a Police level for cities then that is funded 100% by the city). Any program not specifically covered by the US Constitution should be sunset. In the case of Medicare turn that over to the state level government, In the case of SSI set a cut off age that is still young enough to earn a retirement, Those people and younger no longer have it deducted from their check. The ones over the cut off age still pay into the system until they are drawing it. The payments for SS go out until the last person drawing it is dead. (this ensures no grannies are thrown under the bus).
Couple this with Congress must reach Zero by the end of four years, And no new spending until they maintain a return to Zero or even better A Surplus above Zero, not a surplus above Base line for Four Years after that.
Of course this means all financial aide to other counties gets cut flat off, but then we avoid having to borrow also. And there would be no need for bank bail outs or bail ins, no Greece level posterity measures.
America could be financially on top again.
There we go a Proposed Solution.
Something to chew on for the weekend
CoBaZ
originally posted by: NewzNose
a reply to: CoBaZ
Obama doubled the national debt in his 7 years in office. He did in 2 terms what all other Presidents combined didn't do. He is just that good.
Of course it was and still is...Bush's fault, right ?
Barack Obama: Added $6.167 trillion, a 53% increase to the $11.657 trillion debt level attributable to President Bush at the end of his last budget, FY 2009.
FY 2014 - $1.086 trillion.
FY 2013 - $672 billion.
FY 2012 - $1.276 trillion.
FY 2011 - $1.229 trillion.
FY 2010 - $1.652 trillion.
FY 2009 - $253 billion. (Congress passed the Economic Stimulus Act, which spent $253 billion in FY 2009. This rare occurrence should be added to President Obama's contribution to the debt.)
George W. Bush: Added $5.849 trillion, a 101% increase to the $5.8 trillion debt level at the end of Clinton's last budget, FY 2001.
FY 2009 - $1.632 trillion. (Bush's deficit without the impact of the Economic Stimulus Act).
FY 2008 - $1.017 trillion.
FY 2007 - $501 billion.
FY 2006 - $574 billion.
FY 2005 - $554 billion.
FY 2004 - $596 billion.
FY 2003 - $555 billion.
FY 2002 - $421 billion.
originally posted by: grmorrow
The main cause of Government debt in Western Nations is the the lack of Corporates paying their fair share of company tax. They have tax havens all around the world and are cheating the rest of us. Governments are just sitting back and letting them do it. Now ask the question why and how they manage to get with this immoral act!!
originally posted by: johnnyjoe1979
What I often find difficult to understand, even after I read the background and educational videos about how economies work. When an individual gets into debt, sooner or later his or her possessions might be taken away and they'll end up on the street. But when a nation gets into debt, nothing happens. The debt is never going to be dealt with when there appear to be no consequences.