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CBO report: Debt will rise to 90% of GDP

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posted on Mar, 26 2010 @ 11:37 AM
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Originally posted by Rockstrongo37
reply to post by marg6043
 


Beleve me I knew and know what was and is going on. My point with this thread is to try (though I doubt it will work) to try to open eyes of the cool aid drinkers here to the truth of the lies we have been fed.


They will have to learn the hard way, besides, we don't control our government, they do what they please.




posted on Mar, 26 2010 @ 11:37 AM
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reply to post by Rockstrongo37
 


Sorry my friend but there is a HUGE flaw with this propoganda. This country would be FORCED into all out bankruptcy well before it got even half that high. 90% just can't happen. It's complete and utter fear mongering.

Then again, it's not to say that this country isn't headed for the crapper. Just saying that the figure is just not possible to obtain while still having any form of a working economy.



posted on Mar, 26 2010 @ 11:38 AM
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But -- this can't be!

The CBO specifically said that the healthcare reform bill was going to save us all from a ballooning deficit!

*Note to pro-healthcare bill voters:
You were all backing the CBO as knowing their stuff when the estimates for healthcare came out....

I hope you are listening now....



posted on Mar, 26 2010 @ 11:42 AM
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Originally posted by lpowell0627
But -- this can't be!

The CBO specifically said that the healthcare reform bill was going to save us all from a ballooning deficit!

*Note to pro-healthcare bill voters:
You were all backing the CBO as knowing their stuff when the estimates for healthcare came out....

I hope you are listening now....


Well I did post this before the HC bill passed,

CBO confirms: ObamaCare with “doctor fix” will actually add billions to the deficit
www.abovetopsecret.com...



posted on Mar, 26 2010 @ 11:46 AM
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The bomb on how Obama care will pay for the Poor in the nations health care is showing.

Medicaid will become the biggest source of insurance in the America, meaning more taxes on medicare

Health care reform fallout: Which states are the winners?


Under the nation’s health care reform plan, the nation’s Medicaid system will grow as one of the main organizations to implement the goal of expanded medical coverage.

But it appears that, from a financial standpoint, some states will be winners and some will be losers in this new arrangement.

Here's a look at why some states may stand to benefit. Later today, the Monitor will look at other states, which are complaining that it will cost their taxpayers a lot more money in the future.


Also,


(The fixes bill was passed by the Senate and the House Thursday and now goes to Mr. Obama to be signed into law.)

In 2014, the federal government will pick up 75 percent of the costs. By 2020, the fed’s share will grow to 93 percent.


www.allvoices.com...



posted on Mar, 26 2010 @ 12:05 PM
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So I was looking at that debt clock posted earlier, and when you really start looking at it, we are + or - 3 trillion away from economic collapse. If we were a business we would have already gone bankrupt. It's amazing that our credit rating is still even a AAA. The country won't make it to see 90% Debt the GDP ratio.



posted on Mar, 26 2010 @ 12:20 PM
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reply to post by marg6043
 


The problem is unless he decides to mandate that doctors are to accept Medicaid and Medicare it won't mean anything as alot doctor's and pharmacies are dropping the programs. I am disabled and my pain specialist just recently dropped my medicaid. However he is continuing to see me pro bono. The only way to do this is another mandate bill, another intrusion, and more seats lost IMO.



posted on Mar, 26 2010 @ 12:22 PM
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Good god! We are definitely going to end up fighting a world war to erase our debt. The "War on Debt!" They know that's a war the people will get behind. LOL!

I know we need money to fight wars and we would normally take a debt to be able to fight one, but it seems like right now we are increasing our insane spending while we still have a line of credit, so when it time comes to payup and bust we will have all of the resources, weapons, supplies, and man power needed to fight and win a "War on Debt."

At least, I hope that is their plan and they are not just spending us into oblivion as quickly as possible just because they can. I mean nobody wants war, but they better have a god damn plan, or we are all f*ed.

Eeek, it does not look good either way.




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