President Obama: There Is No Debt Crisis

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Author: [Politics] Topic: President Obama: There Is No Debt Crisis
lordspoint PM lordspoint
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Posted: 3/13/2013 11:23:47 AM

http://news.yahoo.com/president-obama-no-debt-crisis-135606679--abc-news-politics.html

 

what you talking bout Willis?

http://www.youtube.com/watch?v=Qw9oX-kZ_9k

gers PM gers
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Posted: 3/13/2013 5:38:16 PM
Give the guy some slack he's just a puppet just picture Mr Magoo in the white house.
thirdperson PM thirdperson
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Posted: 3/13/2013 9:52:09 PM
Since Republicans and Democrats cannot agree on tax increases and spending cuts, Obama must depend on increasing debt to pay bills.  The real problem is solvency but it is still manageable.  Of course, future generations will pay for greater debt.
SirJohnDrake PM SirJohnDrake
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Posted: 3/13/2013 11:46:16 PM
QUOTE

Originally Posted by thirdperson:

Since Republicans and Democrats cannot agree on tax increases and spending cuts, Obama must depend on increasing debt to pay bills.  The real problem is solvency but it is still manageable.  Of course, future generations will pay for greater debt.

What future generation? There might not be a future generation. mr Obama and his dems are destroying this country. He is leading us into a deep depression if he continues his irresponsible spending.

We are going to end up like those broke European countries...ouch!

dl36 PM dl36
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Posted: 3/14/2013 1:33:47 AM
Obama followers will believe anything he says regardless if it is real or not...


Obama whiners will insist that everything obama says is 100% false regardless if it is real or not...

So basically if Obama said it, the reaction is predictable regardless of the truth...

thirdperson PM thirdperson
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Posted: 3/14/2013 7:39:51 AM
QUOTE Originally Posted by SirJohnDrake:

What future generation? There might not be a future generation. mr Obama and his dems are destroying this country. He is leading us into a deep depression if he continues his irresponsible spending.

We are going to end up like those broke European countries...ouch!

Unless a diaster destroys population, there will Americans alive to pay debt.  Actually, more debt keeps countries financially alive such as European bailout of Greece.  Solvency or ability to pay debt is more important than size of debt.  Tax increases and spending cuts to reduce deficit might trigger a recession.  So countries prefer to wait for stronger economy.
FrontRowCenter PM FrontRowCenter
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Posted: 3/14/2013 9:44:19 AM

Unbelievable he said we are fine for 10 more years!!!!   YIKES!!! 

Do you think Obama could run a cash register at a 7-11???? 

TILTOLOGIC PM TILTOLOGIC
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Posted: 3/14/2013 12:53:19 PM
QUOTE Originally Posted by thirdperson:

Unless a diaster destroys population, there will Americans alive to pay debt.  Actually, more debt keeps countries financially alive such as European bailout of Greece.  Solvency or ability to pay debt is more important than size of debt.  Tax increases and spending cuts to reduce deficit might trigger a recession.  So countries prefer to wait for stronger economy.


you keep leaving out the fact that large amounts of debt is like an anchor that stifles real economies, and the more excessive that debt is, the more difficult it will be for the real economy to improve...

taxing your wealth producers into oblivion coupled with unrestrained government spending will always strangle an economy...  

sorry to crush another partisan fantasy

thirdperson PM thirdperson
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Posted: 3/14/2013 1:24:09 PM
QUOTE Originally Posted by TILTOLOGIC:



you keep leaving out the fact that large amounts of debt is like an anchor that stifles real economies, and the more excessive that debt is, the more difficult it will be for the real economy to improve...

taxing your wealth producers into oblivion coupled with unrestrained government spending will always strangle an economy...  

sorry to crush another partisan fantasy

The government is in a bad situation.  All options would either strangle the economy now or in the future.  . But increasing debt is the lesser of evils and buy time.  
wallstreetcappers PM wallstreetcappers
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Posted: 3/14/2013 1:53:57 PM
There is part truth to what he is saying..

If interest carry costs are not to a certain percentage of government revenues then yes he is partly right..

He is right until he isnt..and when rates do go up he will be wrong and quite quickly at that.
TILTOLOGIC PM TILTOLOGIC
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Posted: 3/15/2013 12:02:58 AM
QUOTE Originally Posted by wallstreetcappers:



He is right until he isnt..and when rates do go up he will be wrong and quite quickly at that.


and that's the rub, 

Eventually reality will set in and the big bad central bankers of the world will learn the limits of their power and influence over the yield curve. Their manipulation will only make the eventual bond market debacle significantly more acute. And then we can all sit back and watch the stock markets and currencies take a beating unseen before in history. 

Here's to QE to infinity!!!



ClubDirt PM ClubDirt
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Posted: 3/15/2013 12:16:51 AM
QUOTE Originally Posted by thirdperson:

The government is in a bad situation.  All options would either strangle the economy now or in the future.  . But increasing debt is the lesser of evils and buy time.  


what happens when interest rates go up? 
don juan PM don juan
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Posted: 3/15/2013 1:35:42 AM

What debt crisis ? Obviously the repulsicans don't think there's one, or else they would compromise on something. It's all a stall tactic

 So what the hell, if I'm Obama I walk away and say "screw you" after 5 years of try to make a deal. The economy is in their court now. Obama has already been re-elected.

I'd also go around to each district in the US telling folks that their repulsican candidate has been stonewalling, and it's time to get rid of them in 2014.

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