It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
D@mn fine post if I say so myself. The most humorous aspect of it is that monopoly money actually has more value than what is being pushed around right now. At least monopoly money physically exists.Until the American people take a hard stand and say "we will not honor fraud and corruption" this will be a never ending cycle of debt that will continue to increase until it breaks the financial back of the people. I want to know who honestly believes that it is possible to dig ourselves out of 17 trillion dollars of debt? This equates to about $50,000 for every single person in the U.S. Get familiar with the term austerity, you'll be hearing it get thrown around more and more in the next couple of years. There is only one way out of this conundrum, the hard way. Some may not like the idea of not honoring this debt. It sounds so unAmerican, but they're using that exact mindset against us. There comes a point when enough is enough.
Originally posted by tothetenthpower
People who don't understand economics amuse me.
The amount of money that's been spent is meaningless, it's also inconsequential.
The reality is that debt is fiat, should be declared odious and was a fraud perpetuated on the American people by Globalist Scumbags.
Arguing over who spent the most monopoly money in the game that never ended is really stupid.
~Tenthedit on 7/31/2012 by tothetenthpower because: (no reason given)
Originally posted by pierregustavetoutant
So where is the huge increase in debt coming from?
You mean to tell me that someone who wants to expand federal programs and entitlements is for reducing government spending?
Sorry, sir. There is no logic or reason to that argument.
A bit of a silly premise if you ask me. But fuzzy math has been a part of dumb partisan politics for awhile.
Obama spending less. Wow.
Originally posted by HumanCondition
The title of this thread is still a lie and that was my point
Originally posted by Blackmarketeer
reply to post by charles1952
The chart clearly states the 2009 stimulus spending (Obama's) were attributed to him (look at the asterisk). The 2009 budget was written by GW Bush and passed by the 110th congress, 4 months before Obama came into office.
Again, the facts:
2009 United States federal budget
- George W. Bush
- 110th Congress
- $2.7 trillion (requested)
- $2.105 trillion (enacted)
- $3.107 trillion (requested)
- $3.518 trillion (enacted)
- $407 billion (requested)
- $1.413 trillion (enacted)
- $12.867455 trillion (requested)
Website: US Government Printing Officeedit on 1-8-2012 by Blackmarketeer because: (no reason given)
Originally posted by xuenchen
reply to post by Blackmarketeer
Well like the old saying goes.....
You can claim the fame.....
But you gotta take the blame.
In January 1835, Jackson paid off the entire national debt, the only time in U.S. history that has been accomplished. The accomplishment was short lived. A severe depression from 1837 to 1844 caused a tenfold increase in national debt within its first year.
so when Obama took office and his fiscal year started the government was in deficit 1.3 trillion dollars annually. The house and senate have not passed a budget since Obama has been in office. For the past 3 year the deficit has been roughly 1.3 trillion yearly. Because there has been no budget there has not been any decrease or increases in federal spending.
Doug- I appreciate you may not like the article, but I’m afraid that it is you who is a bit confused on the facts. For starters, there is a budget passed every year. The 2012 budget was passeé on December 11, 2011. /www.districtdispatch.org/2011/12/congress-passes-fy-2012-budget/. The 2011 budget was passed on April 14, 2010 www.nytimes.com/2011/04/15/us/politics/15congress.html. The 2010 budget was passed on April 3, 2009. online.wsj.com/article/SB123870974208284245.html