Comments on: National Debt Soars $500B In Under A Month

Financial Bailout Plan The Primary Culprit In Record-Setting Debt Accumulation

[bm6005]

An increased retirement age is also possible. This could also increase unemployment.....
Posted by AtheismWins

Ha, fat chance. We''re already seeing older workers being laid off in larger numbers. The job loss will be in the older worker range. Therefore, everyone will just spend the last employable years of their life unemployed, waiting to get old enough for their higher retirement age. Also, younger workers are paid less. I recommend a march on DC with pitchforks, shovels and torches. Vote out all incumbents and take them to trial for Un-American activities (bankrupting our country)!!

[bm6005]

America is in a similar position today, as the world''''s largest debtor nation....
Posted by Hacker11001

Thanks to Ronnie the R.etard I might add. Who would have thought an actor knew anything about economics? You''re correct, he didn''t?

[atheismwins]

Blue is such a beautiful color, don%u2019t you think?
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Posted by MissWasilla at 10:51 AM : Nov 01, 2008
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You forgot another color. Green.

China: Maybe we don''t want to keep buying American debt.
Japan: Maybe we don''t, either.
Democratic monopoly: This is a problem.
Balanced Budget Bill: When can we get a vote on a Balanced Budget Amendment?
Dems: Not being Bush doesn''t solve all our problems. We still have to, uh, pay for stuff.
Bill: Duh, you morons.
China: Yeah, we''re gonna take some of that money and invest it somewhere else.
Bill: Democratic Senators are taking us into bankruptcy.
Japan: Maybe we need to get out now.
Dems: OK. OK. OK. We''ll raise taxes.
Bill: That could increase unemployment. Perhaps the people would prefer spending cuts.
Dems: We don''t do spending cuts.
Bill: Maybe the Republicans will.

[formrusmcsgt]

Less than eight years later, the it%u2019s within days of having swelled $5 trillion dollars on his watch - an embarrassing milestone for a president who considers himself a conservative and an advocate of fiscal discipline.
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One of a long list of embarrasments associated with this inept megalomaniac.....

[indianaman13]

Holy ***! In just eight years Bush and his corporate master DOUBLED, DOUBLED the national debt? How much money has Big Oil made in that time? How much has Cheney''s Haliburton made in that time? How much has Hedge Fund managers made in that time? Bank executives, Tyco, Monasato, Rumsfeld, Rove. Ya, I think we need to take their ill gotten gains and "Spread the wealth" back to those they stole it from in the first place, the American people.

[ubrew12]

At a recent Senate Banking Committee hearing, Republican Senator Bob Corker was fixated on spending the $700 billion banker bailout money before the next inauguration. "How much of it do you think may be actually spent by January 20 or so?" Corker asked Neel Kashkari, the 35-year-old former banker in charge of the bailout.

By purchasing stakes in Wall Street banks, the Treasury is sending a signal to the market that they are a safe bet. Why safe? Because the government won''t be able to afford to let them fail. If these companies get themselves into trouble, investors can assume that the government will keep finding more cash, since allowing them to go down would mean losing its initial equity investments. That tethering of the public interest to private companies is the real purpose of the bailout plan.

There is no free lunch: To Bush and the neocons, bankers are too big to fail. Guess who isn''t, America?? Vote McCain for more of the same.

[ubrew12]

MissWasilla said: "Friends don''t let friends vote RapePublicCon."

Wow. Extremely well said, esp. about Roosevelt. Keep posting, maybe even the brain-dead Cons will get it.

[mroutside12]

Posted by MissWasilla

You forgot the biggest white house room of all.. The Bill Clintons secret condom conservatory.

[mroutside12]

MissWasilla at 10:23 AM : Nov 01, 2008

And of course this all happened because of the policies of the past 8 years, which have not been all that different than the policies of the last 40. So what is your point. You do have a point do you not. Take off your hat and you can scratch it.

[atheismwins]

We''''ll recover from this orgy of excess
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Posted by MissWasilla at 10:19 AM : Nov 01, 2008
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Hard core liberals may end up talking to each other, on the outside of power looking in.

Democratic Senators are violently opposed to a Balanced Budget Amendment.

Rising debt has unpleasant consquences. I''ll agree that a Republican monopoly was bad. And I''ll proudly say that I never voted for Bush.

But trusting a Democratic monopoly to show fiscal discipline? Isn''t that like trusting the fox with the hen house?

[feddupp]

I want all you OBAMANIACS to WRITE DOWN all the PROMISES he has made and IF he gets the job, SEE just how MANY of them he KEEPS!!

[mroutside12]

If anything, I could argue that we need to go in a new direction...

Posted by azure11 at 10:28 AM : Nov 01, 2008

In that case, go where the jobs go and get one!

[mroutside12]

MissWasilla at 10:14 AM : Nov 01, 2008

Congratulations! Delusions of Stupidity, and rants of a deranged women. Tell us more, we are facinated by a live psychotic spewing nonsense. Have you tried dream analysis?

[mroutside12]

Sorry for the rant... Feeling kinda bad about everything today. I just hope corporate America sees the light and realizes they need to do something.

Posted by azure11 at 10:20 AM : Nov 01, 2008

Obama can change all this. He is going to raise corporate taxes as an incentive for corporations to keep jobs here. Tell your worried and unemployed friends to get out the vote for McCain.

[mroutside12]

Fact: The tax cuts he promises, which are mostly refundable tax credits (code for cash back), will cost $60 billion just in year one, according the National Taxpayers Union, though the Obama campaign''s own estimates in July put that figure at $130 billion.

Fact: His new promise to give businesses a $3,000 tax credit for each new job created will cost $40 billion. But economists say this credit is far more likely to benefit companies already planning to expand and will likely not be enough to help companies create new jobs or forestall layoffs.

Fact: Obama''s claim he will lower health care premiums by $2,500 is: 1.) guesswork, which is 2.) based on health care savings that might, in a perfect world, happen over 10 years - a fact Obama neatly glosses over.

Fact: Obama, when referring to savings he can make by leaving Iraq ($90 billion, according to Congressional Budget Office estimates), has spent these savings several times over, across several different promises depending on the crowd he''s addressing.

Most of the time he spends the Iraq savings in the context of the roads he wants to build; sometimes it''s for the teachers he wants to hire. Tonight, he riffed rhetorically on the savings, asking how many scholarships could be funded, or how many schools could be built. In the end though, presuming he really saves $90 billion, he can only spend it once.

[atheismwins]

For sure we need a president that will stand firm and say no more spending. That is number one and as far as taxes go, if the government thinks that the only way out is to raise taxes then a lot of people will be unemployed.
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Posted by zaniacloclo at 09:59 AM : Nov 01, 2008
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That''s a really hard thing to do, especially for a 72-76 year old!

Spending money reaps short term political benefits.

We need a law against the raiding of Americans wallets. We need a Balanced Budget Amendment.

I fear that you are correct about the consequences of higher taxes, though. But we can''t borrow forever.

Who can say when? But I think higher taxes will be the first consequence of our reckless spending.

[mroutside12]

Fact: The tax cuts he promises, which are mostly refundable tax credits (code for cash back), will cost $60 billion just in year one, according the National Taxpayers Union, though the Obama campaign''s own estimates in July put that figure at $130 billion.

Fact: His new promise to give businesses a $3,000 tax credit for each new job created will cost $40 billion. But economists say this credit is far more likely to benefit companies already planning to expand and will likely not be enough to help companies create new jobs or forestall layoffs.

Fact: Obama''s claim he will lower health care premiums by $2,500 is: 1.) guesswork, which is 2.) based on health care savings that might, in a perfect world, happen over 10 years - a fact Obama neatly glosses over.

Fact: Obama, when referring to savings he can make by leaving Iraq ($90 billion, according to Congressional Budget Office estimates), has spent these savings several times over, across several different promises depending on the crowd he''s addressing.

Most of the time he spends the Iraq savings in the context of the roads he wants to build; sometimes it''s for the teachers he wants to hire. Tonight, he riffed rhetorically on the savings, asking how many scholarships could be funded, or how many schools could be built. In the end though, presuming he really saves $90 billion, he can only spend it once.

[mroutside12]

This from CBS News but only two days before the election.....why did they wait?

Without question, the Barack Obama infomercial served as a very slick and powerful recitation of the biggest promises he''s made as a presidential candidate. But the very bigness of his ideas is the problem: he seems blind to the concept his numbers don''t add up.

Let''s start with his highly suspect, and widely discredited, claim that he can find federal "spending cuts beyond the costs" of his promises. Very few independent economists believe he has identified the savings needed to offset his remarkable list of tax credits, tax cuts and spending pledges.

Fact: Even if you believe Obama intends to fix health care, most independent analysts say the cost is massive - $1.2 trillion over ten years, according to the highly respected Lewin Group. When the new Congress wakes up next year to a $1 trillion deficit, and answers the overwhelming new demands for another stimulus package, will the leadership really bite on a health care reform package that digs the deficit hole so much deeper?

And that''s just the beginning of what Obama would spend.
See the remainder in my next post and note this is not from Fox News, or some raving so called racist, biggot, war monger.

[mroutside12]

AtheismWins

Well then at least you are honest and I appologize for my insensitivity. My exposure to so many liberal democrats on this site sometimes causes me to be insensitive to people such as yourself.
PAX

[mroutside12]

We are apparently now in the final countdown towards the greatest economic meltdown in history. Yet few appear to be aware of what lies ahead. We are about to witness the end of the America that we were blessed with, and enter a worldwide age of tribulation and chaos that no one has experienced in living memory.

Posted by Hacker11001 at 09:16 AM : Nov 01, 2008

We are apparently now in the final countdown towards the greatest economic meltdown in history. Yet few appear to be aware of what lies ahead. We are about to witness the end of the America that we were blessed with, and enter a worldwide age of tribulation and chaos that no one has experienced in living memory.

Posted by Hacker11001 at 09:16 AM : Nov 01, 2008

No, we are just going to tell the world that we have saved their butts from the Kaizer, from Hitler, China from from Tojo, Europe from the USSR, South Korea from North Korea, The middle East from Saddam Hussein, and the cost of those wars in American money and lives just about equals the national debt. Accordingly the national debt is hereby cancelled.

Next?