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Obama says: "Raising the Debt Ceiling...Does Not Increase Our Debt"

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posted on Sep, 21 2013 @ 10:33 PM
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roaland
I'm so glad that man doesn't balance my checkbook because I'm pretty sure i wouldn't have a home to go to for very long following his logic lol.

i really need to stop reading political stories, my one nerve would thank me I'm sure lol


Then you don't understand what is going on. Congress is threatening to not pay the bills it's already incurred. This is exactly why it would impact the country's credit rating. Raising the debt ceiling does NOTHING to prevent future debt. How about you not pay for you bills for awhile and see what happens.




posted on Sep, 22 2013 @ 06:07 AM
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reply to post by EarthCitizen07
 


And you condone globalism? You dont realise the $17 trillion debt has accrued because of the trade deficit we have been incurring the last 25 odd years, that causes unemployment, a weak GDP, inflated welfare needs, and the constant need for borrowing?

No wonder the country is going in the wrong direction.

If people are unemployed they dont pay taxes, THEY COLLECT!

Just to clarify, I am not an American nor do I live in the US anymore.

I neither condone nor condemn globalisation. It is not my business to tell other countries what sort of capital controls or tariff structures for imports they should have as long as one country doesn't use physical force or the threat of it against another to achieve that.

Trade surpluses/deficits are not directly linked to government deficits/debt. Japan has been running trade surpluses for decades and their government debt is 250% of its GDP. US government was running deficits and had accumulated debt even in the years it was a net exporter.



posted on Sep, 22 2013 @ 06:11 AM
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reply to post by marg6043
 


Globalism is killing American working class, but "those with capital" usually the elite class with lost of money, love it as they can move their productions overseas (outsourcing) to exploit other countries slave class, while influencing the government whores with (insourcing), sadly is also killing Americas economy.

If being a worker is being a slave, shouldn't you be celebrating the "liberation" of the US working class when the production is shifted overseas and they are no longer slaves?



posted on Sep, 22 2013 @ 08:14 AM
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Observor

Trade surpluses/deficits are not directly linked to government deficits/debt. Japan has been running trade surpluses for decades and their government debt is 250% of its GDP. US government was running deficits and had accumulated debt even in the years it was a net exporter.


While the two are not completly dependant on each other, trade deficits go an awful long way to draining the budget because people need unemployment benefits and cant pay income taxes. Much more money is going out than coming in. Its not rocket science my friend.

Of course keynesian theory of continous quantative easing with nothing to show for it is what is happening in the usa. Companies dont invest the bailouts within usa, they invest it in 'developing economies' which is political correctness for low wages and low standard of living.

It IS the governments responsibility to keep trading deficits low!

Then add an overblown military-industrial complex that needs war every so often to the mix, and the only natural thing IS TO HAVE DEBT WAY OUT OF CONTROL!
edit on 22/9/13 by EarthCitizen07 because: (no reason given)



posted on Sep, 22 2013 @ 10:08 AM
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reply to post by EarthCitizen07
 

If US companies have money to invest in other countries while the US is still a net importer, it means they have money to invest (and create jobs), but are not interested in doing so in the US. So the US being a net importer is not the reason for lack of job opportunities within the US, but the reluctance of those holding capital to invest in the US.

Yes, when the government's tax revenues come down and expenditures go up, its debt increases (unless it simply monetises the debt). But that can happen regardless of the trade balance, even for a country that is completely isolated from international trade. If those holding capital consider the investment climate too risky, they could simply hold on to the cash or even lend it to the government rather than invest it.

The US is likely to turn a net exporter soon, but that is not necessarily good news for many Americans. It won't mean more jobs or less government debt (or monetization of it). It would simply mean US imports will come down drastically owing to a collapse of the US economy and a significant drop in US demand for imports. What you wish for is not possible in the current US political system. You may need a socialist (communist) revolution to achieve that and I don't think such is anywhere on the horizon.



posted on Sep, 23 2013 @ 11:30 AM
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DrEugeneFixer


This is exactly correct. The people who are blaming Obama for the deficit and debt are suffering a collective hallucination in which they cannot read the parts of the constitution that give the control of taxing and spending to congress.


"collective hallucination" ...More like willful delusion, but par for the "damn the facts - I believe what I feel" crowd.

I sometimes just sit in awe of the capacity for delusion and hypocrisy that the ideologically committed are capable of.

A fevered political party shouts about fiscal responsibility...while demanding their own representatives default on the bills they have accrued through their OWN spending legislation and budgets.

They demand government shut-down in the name of "fiscal responsibility" while the last government shut-down COST the US Government over 1.5 Billion in additional expense per day....and the last debate simply threatening government shut-down cost the US economy severely in Jobs, GDP and the unprecedented Credit Down-Grade..which equates to higher interest rates on our outstanding debt.

The GOP is sabotaging our economic recovery at every opportunity while blaming the President for the recovery not happening quickly enough.

I can only dream of a United States where both parties put the welfare of it's people first and foremost.

We have extremist and willfully ignorant people in government taking hostages and making demands.



posted on Sep, 24 2013 @ 04:08 AM
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I find it hard to believe people still believe the crap he spews( or any politician) 95% of them are lying crooks. And saying you can't hold Obama responsible for out mounting debt is ridiculous.



TextAfter just one year of the Obama spending binge, federal spending had already rocketed to 25.2% of GDP, the highest in American history except for World War II. That compares to 20.8% in 2008, and an average of 19.6% during Bush’s two terms. The average during President Clinton’s two terms was 19.8%, and during the 60-plus years from World War II until 2008 — 19.7%. Obama’s own fiscal 2013 budget released in February projects the average during the entire 4 years of the Obama Administration to come in at 24.4% in just a few months. That budget shows federal spending increasing from $2.983 trillion in 2008 to an all time record $3.796 trillion in 2012, an increase of 27.3%.

Obama has spent more money in his first 100 days than most presidents do in whole terms and claiming he has nothing to with it is ridiculous his policies are directly responsible for the mounting debt. I remember Obama saying bush getting our debt to 1.5 trillion in 8 years was unpatriotic well how about getting our debt to 5.6 trillion in obamas first 3 years what do you call that?

Raising the debt ceiling won't increase our debt or how about your health care premiums will go down with obummercare o wait those are going up 60-400%. I feel like I'm in the twilight zone or Star Wars, "these are not the drones you are looking for".



posted on Sep, 24 2013 @ 07:52 AM
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reply to post by Bp322
 


I forgot what a surplus is.

Can someone please remind me?

I mean does that word even exist, or was it my imagination?



posted on Sep, 24 2013 @ 08:29 AM
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reply to post by Indigo5
 


Obama should never have promised to get the nation in track and to fix the problems, offering hopes and change was his downfall, that is why he is blamed for what is going on in the nation because he never mean what he was selling to the public.

He was a liar.



posted on Sep, 24 2013 @ 09:12 AM
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reply to post by marg6043
 


on the contrary, I think he was, like many politicians, dumb enough to think he was in control. I think that, especially in higher levels of government, politicians get elected and then find out how the machine really works.

If you look at obama on the day he won the election for his first term, and the day he left his first briefing, he looks about 20 years older. It looks like he went into that meeting, sat down and was told "you did great, congrats on winning, now, about those things you said during the election, they're great but they won't work so here's what your going to do."

the president is a temp. how much control can you really give one man who will be out of office in 4 years, 8 if he's lucky enough to be re-elected?



posted on Sep, 24 2013 @ 09:22 AM
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reply to post by Crakeur
 


yes and no at the same time. but you are correct the man looks unusually aged. when you realise bankers and aliens control everything, 9-11 was an inside job and none can talk about it in office, you must push war agendas against your will........than yeah you age much quicker.

heck I have aged 100 years the last 10 years. pyschologically speaking. getting floored about reality isnt something anyone expects.

the no part is because technically as commander in chief he does theoretically have the final say. in other words he could have 'gone rogue' and paid the price, whatever that price is.
edit on 24/9/13 by EarthCitizen07 because: (no reason given)



posted on Sep, 24 2013 @ 03:59 PM
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reply to post by Crakeur
 


Yes you are right, I remember when Obama was elected and he went into the close doors meeting to get an overview of the countries state.

I still remember that he went into that meeting smiling and confident but went he came out of that meeting he had the face of a person that just found out the truth about something terrible and could not tell anybody what it was, it was the look of a hunted person.

Yes I remember and at that point I told myself, we are screwed and that is when I was behind him and was one of the many that gave him my vote.



posted on Sep, 25 2013 @ 09:32 AM
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marg6043
reply to post by Crakeur
 


Yes you are right, I remember when Obama was elected and he went into the close doors meeting to get an overview of the countries state.

I still remember that he went into that meeting smiling and confident but went he came out of that meeting he had the face of a person that just found out the truth about something terrible and could not tell anybody what it was, it was the look of a hunted person.

Yes I remember and at that point I told myself, we are screwed and that is when I was behind him and was one of the many that gave him my vote.


I had considerable hope with obama being elected the first time after that disasterous bush who slaughtered 3000 people in just one day, and framed alqueda to have a reason to invade afghanistan and iraq(for the second time).

I figured the man could not be worse than bush. But after 5 years of continous war, 5 trillion in quantitive easing, how indifferent he was to the japanese nuclear meltdown, how indifferent he was to the BP oil spill in the gulf, how fake obamacare is, his gun grabbing agenda......I changed my mind!



posted on Sep, 25 2013 @ 01:46 PM
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reply to post by EarthCitizen07
 


I have been very good when it comes to character judging with observation, but only when I can read a persons face, Obama after that meeting changed completely, no only he had the face of a hunted man but then he turned around and became arrogant, sarcastic and detached himself from the common people.

The man that won the elections is not the man in the white house today and still is the same person.

Everything that had to do with our government is fake and I can not see why people can not see it, but what is real is the screwed laws and bills that are passed this days.



posted on Sep, 25 2013 @ 08:05 PM
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reply to post by marg6043
 


You're assuming he is a man. The deceiver and destroyer are one and the same.

Yeah, let's not go there now.

There really is only one way, one shot, and it needs to happen immediately. They must massively cut total government spending, scrap obamacare, end the Fed and QE... They need to remove the tax burden from private sector business and corporations, remove restrictions and regulations on business and energy development. Get the government the hell out of the way, and pray that the private sector can turn this around before 2016. But you already know that isn't going to happen....

When other countries suffer greatly from the collapse of the USA, war is likely.

Hell of a way for this "man" to finish his term.



posted on Sep, 25 2013 @ 08:33 PM
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reply to post by Crakeur
 


You still underestimate him... Impressive.

He was predestined to win election, twice. Despite everything against him in both elections. His past was elusive, and deemed irrelevant, yet never more elusive and more than relevant than right now.

It doesn't matter now, we're all strapped in on this ride to the end.

Hang on, it gets really scary and rough before the sudden stop at the end.

Good luck.
edit on 25-9-2013 by ausername because: (no reason given)



posted on Sep, 26 2013 @ 12:53 PM
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reply to post by ausername
 


USA should have collapsed a long time ago. No other country comes close to matching $17 trillion debt. Maybe if we combine many countries together. The output isnt there to pay back anything anyway.

The only thing USA has going for it is the petrodollar myth. Sooner or later when countries start trading natural resources in some other currency the american dream will be over for good. Of course its not the end of the world. You simply default and start over. Ask the argentinians. Suffer for 5 years and eventually come back.

Yes the federal reserve should be ended but the gold standard isnt exactly trustworthy either.



posted on Sep, 26 2013 @ 12:56 PM
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reply to post by EarthCitizen07
 


Yes you are right the petrollar and the billions in monthly QEs that are keeping the now too colossal to fail from collapsing, the more QEs are injected a month the bigger the too Colossal to fail will become.



posted on Oct, 7 2013 @ 09:49 AM
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ausername
reply to post by marg6043
 



There really is only one way, one shot, and it needs to happen immediately. They must massively cut total government spending, scrap obamacare, end the Fed and QE... They need to remove the tax burden from private sector business and corporations, remove restrictions and regulations on business and energy development. Get the government the hell out of the way, and pray that the private sector can turn this around before 2016. But you already know that isn't going to happen....

When other countries suffer greatly from the collapse of the USA, war is likely.



Yep, we are on the edge of that slippery slope now.

Nearly too late to stop it now.

Good luck.



posted on Oct, 7 2013 @ 09:56 AM
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reply to post by ausername
 


No it can not be scrap is legislation and law, but it can be reformed, this means that the desirable outcome will be accomplished and Obama first option of one single payer system can become truth.





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