okay you like splitting hairs and deflecting the arguements rick and i get that. three points what is the us fedral reserve note actually worth? is the bank notes anymore a conjuring of act of faith? why does america care. answer 1 fedral reserve notes are worth nothing if your money no good here an american dollar was relized under jfk plan. 2 bank notes are indeed an act of faith that by accepting them you trust someelese will accept them for similiar value. 3 because the media needs you to care.
and you bring up an interesting historical point how did andrew jackson bring the national debt/deficit to zero? he inherited the contintal congressses debt to dutch and france he inherited the three trillion dollar debt to purchase the louisiana province from napoleon he himself wiped this chalk clean. or was it more a collective agreement with the house senate and treasury?
okay you like splitting hairs and deflecting the arguements rick and i get that. three points what is the us fedral reserve note actually worth? is the bank notes anymore a conjuring of act of faith? why does america care. answer 1 fedral reserve notes are worth nothing if your money no good here an american dollar was relized under jfk plan. 2 bank notes are indeed an act of faith that by accepting them you trust someelese will accept them for similiar value. 3 because the media needs you to care.
and you bring up an interesting historical point how did andrew jackson bring the national debt/deficit to zero? he inherited the contintal congressses debt to dutch and france he inherited the three trillion dollar debt to purchase the louisiana province from napoleon he himself wiped this chalk clean. or was it more a collective agreement with the house senate and treasury?
You understand that Clinton didn't bring the debt to zero right? You understand that for all of his machinations and voodoo, he still added to the debt?
You understand that Clinton didn't bring the debt to zero right? You understand that for all of his machinations and voodoo, he still added to the debt?
You understand that Clinton didn't bring the debt to zero right? You understand that for all of his machinations and voodoo, he still added to the debt?
i really understand the clinton's in a deal with the grinch social security and made it social scarcity. but newt reneged and started impeachment proceedings anyway it was monicas fault? that scum guzzler intern.....
You understand that Clinton didn't bring the debt to zero right? You understand that for all of his machinations and voodoo, he still added to the debt?
i really understand the clinton's in a deal with the grinch social security and made it social scarcity. but newt reneged and started impeachment proceedings anyway it was monicas fault? that scum guzzler intern.....
i understand that obama to get a birth certificate made a deal with the cia. to allow a boots on the ground mission to get uosama, but no one has reneged they came up with a story..... as i understand john mccain was born outside the us and shouldnt be allowed the right to run for president but a full senate said he was born close enough to the border to a us a naval base its ok.
i understand that obama to get a birth certificate made a deal with the cia. to allow a boots on the ground mission to get uosama, but no one has reneged they came up with a story..... as i understand john mccain was born outside the us and shouldnt be allowed the right to run for president but a full senate said he was born close enough to the border to a us a naval base its ok.
I'm still waiting for the comparative numbers of the attributable debt during the dem presidencies to debunk the numbers here that the Reagan/bush/s are responsible for over 93% of the national debt.
I mean either accept responsibility or show the numbers
I'm still waiting for the comparative numbers of the attributable debt during the dem presidencies to debunk the numbers here that the Reagan/bush/s are responsible for over 93% of the national debt.
I mean either accept responsibility or show the numbers
Both sides??? The numbers are completely bogus. To suggest that 1 president does not have to include the interest component of the debt but all others do is fundamentally flawed. Also, to indicate dubbya was responsible for 46%of his debt WTF does this mean and what r the %for other pres. As has been noted the author has no clue in even the basic difference between deficit and debt when he gives Obama credit for reducing spending 1 yr when he was still adding exponentially to the debt.
Let's stick to the facts. You can't blame Reagan for the debt because he had to give the dems what they wanted in order to get his agenda thru. Clinton is the only president during my lifetime who has made a meaningful effort to reduce the debt but even still you do remember the phrase "kicking and screaming"
Dubbya did a horrible job on the debt. Enough said.
Obama affirmatively said during 2008 campaign that leaving the country w that much debt was un patriotic. He clearly realized the critical nature of the problem as he created Simpson boles. Instead of embracing the findings, however, he basically torpedoed it. As a result the debt doubled again under his administration. Not much leadership on a paramount issue
Both sides??? The numbers are completely bogus. To suggest that 1 president does not have to include the interest component of the debt but all others do is fundamentally flawed. Also, to indicate dubbya was responsible for 46%of his debt WTF does this mean and what r the %for other pres. As has been noted the author has no clue in even the basic difference between deficit and debt when he gives Obama credit for reducing spending 1 yr when he was still adding exponentially to the debt.
Let's stick to the facts. You can't blame Reagan for the debt because he had to give the dems what they wanted in order to get his agenda thru. Clinton is the only president during my lifetime who has made a meaningful effort to reduce the debt but even still you do remember the phrase "kicking and screaming"
Dubbya did a horrible job on the debt. Enough said.
Obama affirmatively said during 2008 campaign that leaving the country w that much debt was un patriotic. He clearly realized the critical nature of the problem as he created Simpson boles. Instead of embracing the findings, however, he basically torpedoed it. As a result the debt doubled again under his administration. Not much leadership on a paramount issue
I'm still waiting for the comparative numbers of the attributable debt during the dem presidencies to debunk the numbers here that the Reagan/bush/s are responsible for over 93% of the national debt.
I mean either accept responsibility or show the numbers
thought it take longer.... https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm
all debt accrued to reagan was about a trillion, reagan and bush 1 took it to 3.5 trillion clinton tacked on another 1.7 trillion and bush 2 added another 5 trillion but the winner yes the obama administration is on the hook for adding another 7 trillion to what bush left him with. and when the country started the race back in 1790 we owed about 90 million . in 1935 we had it down to 33 thousand but that didnt last long 1938 we owed 3 million the civil war really spiked it 2.6 billion. the only spin a twenty dollar gold piece then was ..76 of a troy ounce of gold now gold trades around 1000 for similiar wgt, but 50 times 2.6 billion is still pennies to a trillion let alone 16 trillion.
bottom line:reagan bush and bush two put on 8.5 trillion collectively and clinton and obama 8.6 now the factors are interest . reagans bond paid a reasonable 8 % as did clintons, bush 2 and obama has been paying near ee bonds pay 3.25 and 1.25 respectively....
I'm still waiting for the comparative numbers of the attributable debt during the dem presidencies to debunk the numbers here that the Reagan/bush/s are responsible for over 93% of the national debt.
I mean either accept responsibility or show the numbers
thought it take longer.... https://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm
all debt accrued to reagan was about a trillion, reagan and bush 1 took it to 3.5 trillion clinton tacked on another 1.7 trillion and bush 2 added another 5 trillion but the winner yes the obama administration is on the hook for adding another 7 trillion to what bush left him with. and when the country started the race back in 1790 we owed about 90 million . in 1935 we had it down to 33 thousand but that didnt last long 1938 we owed 3 million the civil war really spiked it 2.6 billion. the only spin a twenty dollar gold piece then was ..76 of a troy ounce of gold now gold trades around 1000 for similiar wgt, but 50 times 2.6 billion is still pennies to a trillion let alone 16 trillion.
bottom line:reagan bush and bush two put on 8.5 trillion collectively and clinton and obama 8.6 now the factors are interest . reagans bond paid a reasonable 8 % as did clintons, bush 2 and obama has been paying near ee bonds pay 3.25 and 1.25 respectively....
to put this number in some contexts the population of america is about 300 million including illegals. this figures states every man and women and child in america we the ppl owe 50 g a piece. or their is roughly 8.7 billion souls on the planet everyone would have to chip in a couple grand to clear the slate.
to put this number in some contexts the population of america is about 300 million including illegals. this figures states every man and women and child in america we the ppl owe 50 g a piece. or their is roughly 8.7 billion souls on the planet everyone would have to chip in a couple grand to clear the slate.
last point imf estimates all the world paper currency in circulation can be valued at around 6.4 trillion federal reserve dollars, we need three times the worlds paper money just to balance the books the reason i give money is an act of faith. you accept it as payment for time or property cause you have faith that it is valueable and some else will value it for their time or property.
last point imf estimates all the world paper currency in circulation can be valued at around 6.4 trillion federal reserve dollars, we need three times the worlds paper money just to balance the books the reason i give money is an act of faith. you accept it as payment for time or property cause you have faith that it is valueable and some else will value it for their time or property.
Obama affirmatively said during 2008 campaign that leaving the country w that much debt was un patriotic. He clearly realized the critical nature of the problem as he created Simpson boles. Instead of embracing the findings, however, he basically torpedoed it. As a result the debt doubled again under his administration. Not much leadership on a paramount issue
Obama affirmatively said during 2008 campaign that leaving the country w that much debt was un patriotic. He clearly realized the critical nature of the problem as he created Simpson boles. Instead of embracing the findings, however, he basically torpedoed it. As a result the debt doubled again under his administration. Not much leadership on a paramount issue
Here are the ratios of deficit to GDP for the past five presidents:
Ronald Reagan
1981-88 4.2 %
1982-89 4.2
Average 4.2
George H. W. Bush
1989-92 4.0
1990-93 4.3
Average 4.2
Bill Clinton
1993-2000 0.8
1994-2001 0.1
Average 0.5
George W. Bush
2001-08 2.0
2002-09 3.4
Average 2.7
Barack Obama
2009-12* 9.1
2010-12 8.7
Average 8.9
*fiscal 2012 ends Sept. 30, 2012, so this figure is estimated
we cant pay the interest at near 0 think about this the united states government since bill was around hasn't even made an interest payment. the federal reserve owns most of the us debt its very convenient. our central bank owns most of the debt held by the united states and the government cant even make a interest only payment.
what outside entity would seriously think about buying these bonds with aa credit - rating and a return of 1% over inflation at best.
serious problems with lets shut it down and stop paying speeches the tea partiers are giving to win the primaries.
Here are the ratios of deficit to GDP for the past five presidents:
Ronald Reagan
1981-88 4.2 %
1982-89 4.2
Average 4.2
George H. W. Bush
1989-92 4.0
1990-93 4.3
Average 4.2
Bill Clinton
1993-2000 0.8
1994-2001 0.1
Average 0.5
George W. Bush
2001-08 2.0
2002-09 3.4
Average 2.7
Barack Obama
2009-12* 9.1
2010-12 8.7
Average 8.9
*fiscal 2012 ends Sept. 30, 2012, so this figure is estimated
we cant pay the interest at near 0 think about this the united states government since bill was around hasn't even made an interest payment. the federal reserve owns most of the us debt its very convenient. our central bank owns most of the debt held by the united states and the government cant even make a interest only payment.
what outside entity would seriously think about buying these bonds with aa credit - rating and a return of 1% over inflation at best.
serious problems with lets shut it down and stop paying speeches the tea partiers are giving to win the primaries.
Nature1970.. You can explain the national debt in detail, as you have in your post # 20.
BUT, the right wing nuts around here cannot comprehend, they just don't get it.
They don't care what happens to the economy, they don't care how many children are massacred, they don't care about how many soldiers are killed in unnecessary wars, they just want there weapons, period. And so they are not going to vote for any Democrat.
Nature1970.. You can explain the national debt in detail, as you have in your post # 20.
BUT, the right wing nuts around here cannot comprehend, they just don't get it.
They don't care what happens to the economy, they don't care how many children are massacred, they don't care about how many soldiers are killed in unnecessary wars, they just want there weapons, period. And so they are not going to vote for any Democrat.
BUT, the right wing nuts around here cannot comprehend, they just don't get it.
They don't care what happens to the economy, they don't care how many children are massacred, they don't care about how many soldiers are killed in unnecessary wars, they just want there weapons, period. And so they are not going to vote for any Democrat.
Donjuan,a Democrat is just a conservative who hasn't been attacked and robbed yet...........
BUT, the right wing nuts around here cannot comprehend, they just don't get it.
They don't care what happens to the economy, they don't care how many children are massacred, they don't care about how many soldiers are killed in unnecessary wars, they just want there weapons, period. And so they are not going to vote for any Democrat.
Donjuan,a Democrat is just a conservative who hasn't been attacked and robbed yet...........
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