posted on Mar, 20 2012 @ 06:54 PM
reply to post by Golf66
Politics aside, and I really mean that... You're absolutely right. Let's pretend these were two of the same party if it makes it better for some..but
4.9 trillion in 4 years vs. 8 years is bad. However...there is something even worse that makes your point so much more important.
4.9 trillion the first time was compounding interest and subsequent debt on a much smaller total number. The current admin seems to point to the
outright insane policies of Bush as justification for even worse policies of their own. The trouble is.....due to the exponential growth of debt that
goes unpaid, every dollar added today is just one fraction worse than the dollar before it. Oh the joys of Compound Interest...and the nightmare if
we're on the wrong side of it.
So...Yeah...He dug a similar hole in half the time.......just so we could look up and realize the hole is yet deeper than the tape measure said it
It struck me right after I posted this.. I not only had a photo for the occasion, but it was already in ATS photo folders for a whole different thread
This Gentleman is paying his meal tab at a restaurant in Zimbabwe at the height of their nightmarish hyperinflation. See, they thought they could
spend their way out of debt by making more of it too... This picture kinda goes with it..
I don't know what 4.9 trillion looks like for how much each President has dug us down. I just know what paying for dinner looks like after this
insanity catches up to us. I'm glad we're going to all plastic for payment...we don't have arms big enough to carry the paper we'll need someday.
...Our children have no financial future as it stands now. Our Children have Zimbabwe and perhaps the Balkans as their future.
20-3-2012 by Wrabbit2000 because: Added Photo...