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Re: How did we ever come to be over $14T in debt? Who's responsible for how much of it? 

By: Zimbler0 in POPE | Recommend this post (2)
Sun, 31 Jul 11 2:59 AM | 11 view(s)
Boardmark this board | (The) Pope's for real stock market report 		Msg. 40150 of 65535
(This msg. is a reply to 40149 by Zimbler0)
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Correction, make that obama's contribution to the
debt will be well in excess of a TRILLION a year
for the foreseeabe future.

(But you knew that already.)

Zim.




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The above is a reply to the following message:
Re: How did we ever come to be over $14T in debt? Who's responsible for how much of it?
By: Zimbler0 in POPE
Sun, 31 Jul 11 1:59 AM 		Msg. 40149 of 65535

Hey Clo,
I think 'they' are SEVERELY underestimating
obama's contribution to the debt . . .

obama is, what, barely two years into his term . .
and it looks like he will be piling up in excess
of a Billion a year for the foreseeable future.

And there is that 'automatic spending, like
unemployment compensation' . . . Unemployment
USED to be a State function. obama's turned
that into yet another welfare style entitlement
program . . at the federal level . . guaranteed
humungous deficit spending.

Why didn't obama's economic stimulus package stimulate
the economy?

(Try asking why Jimmy Carters welfare spending
didn't help the economy.)

Zim.

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