The magintude of the problem

[Jccarlton]

There simply isn't enough money in the country to pay for a balanced Obama budget:
http://www.americanthinker.com/2012/12/ ... nding.html
There is no longer enough production for government to tax to meet it's liabilities:
http://online.wsj.com/article/SB1000142 ... 87636.html
We've reached the end of things as normal.

[Stubby]

This is why I didn't want the first black president to elected in 2008.
He was given captaincy of the titanic after the lifeboats were lowered and somehow hitting the iceberg was his fault.

[choff]

Was reading a book by an economist yesterday, he said that at 0% interest rates the banks have no incentive to lend to business, so all the quantative easing money the government prints and hands over to them ends up in the bond market. Higher rate of return in bonds, so they're basically lending it back to the government for more that they paid for it.

That's brand new debt for the taxpayers to cover the cost of interest on.
Wouldn't it make more sense if they're going to print money not giving it to banks, just spend it on existing interest payment's and give the taxpayers a break.

[Diogenes]

This is why I didn't want the first black president to elected in 2008.
He was given captaincy of the titanic after the lifeboats were lowered and somehow hitting the iceberg was his fault.

God! The things you write are the essence of distilled stupidity. The only positive thing I see coming from the fiscal apocalypse is that your sort will burn first.



http://reason.com/archives/2012/10/14/c ... and-housin

[TDPerk]

This is why I didn't want the first black president to elected in 2008.
He was given captaincy of the titanic after the lifeboats were lowered and somehow hitting the iceberg was his fault.

He was one of the Senators blocking CRA reform, he had a hand on the tiller.

The housing bubble and entitlement/blue model crash are all the fault of the Democrats--at least in this country. It's a disaster wherever it's been allowed to take hold.

[paperburn1]

This is why I didn't want the first black president to elected in 2008.
He was given captaincy of the titanic after the lifeboats were lowered and somehow hitting the iceberg was his fault.

He was one of the Senators blocking CRA reform, he had a hand on the tiller.

The housing bubble and entitlement/blue model crash are all the fault of the Democrats--at least in this country. It's a disaster wherever it's been allowed to take hold.

I blame walmart, our slow and inevitable spiral into economic depression was caused by the death of Sam Walden. When he died there was nothing to stop the board of directors for overturning his policy of x amount of items in the store were made in American factory. I am sure you all remember the! Made in the USA! Signs in walmart. Now your hard pressed to find anything produced on these shores. Without factory's our major growth industry was housing and personal care. Whenhousing collapsed we were left with person care. And that isthe first thing cut back on in hard times.

[Stubby]

This is why I didn't want the first black president to elected in 2008.
He was given captaincy of the titanic after the lifeboats were lowered and somehow hitting the iceberg was his fault.

God! The things you write are the essence of distilled stupidity. The only positive thing I see coming from the fiscal apocalypse is that your sort will burn first.



http://reason.com/archives/2012/10/14/c ... and-housin

If the website owner had a penny for every time you insult someone here, he could purchase Berkshire Hathaway.

Did I say it was Shrub's fault, did I in fact implicate ANYBODY? All I said what that the guy going down with the ship is getting the blame.

What flavor do you like in pacifiers? We will all chip for a new one for you.

[Jccarlton]

This is why I didn't want the first black president to elected in 2008.
He was given captaincy of the titanic after the lifeboats were lowered and somehow hitting the iceberg was his fault.

Black President, white President, doesn't matter. The problem, is to use your Titanic metaphor we now have Leiutenant Lightoller instead of Captain Smith at the helm, and this isn't the calmest night in North Atlantic history but the perfect storm and the lightboats can't be launched. Now Captain Smith(Bush) warned us about the coal fire in the bunker weakening the steel and tried to avoid the iceberg, but left the scene and the captaincy fell to our good friend Lightoller who not only had no command experience, brought in a bunch of maritime theorists who've never been to sea, but think they know everything, are fouling up big time, using resources to make sure the band gets fed(public employees), going around opening watertight doors(Obamacare) and basically thwarting any attempts to save the ship (Dodd Frank, EPA antifracking regulations).
Now Obama and his friends wanted the job in '08 and they still have it now. But the ship is still sinking, the problems are not going away and if we don't have growth policies real soon we are all going down into the cold atlantic with Rose and Jack, with no happy ending this time, sorry to say.

[Diogenes]

This is why I didn't want the first black president to elected in 2008.
He was given captaincy of the titanic after the lifeboats were lowered and somehow hitting the iceberg was his fault.

God! The things you write are the essence of distilled stupidity. The only positive thing I see coming from the fiscal apocalypse is that your sort will burn first.



http://reason.com/archives/2012/10/14/c ... and-housin

If the website owner had a penny for every time you insult someone here, he could purchase Berkshire Hathaway.

With sufficiently extreme and nonsensical claims, reason is pointless.

Did I say it was Shrub's fault, did I in fact implicate ANYBODY?

No you did not, and that is EXACTLY the problem. You fail to implicate the actual people who are guilty for creating the financial mess, and you imply from context that there is some uncertainty as to who is to blame for it. There is no uncertainty, it is ~80% the fault of Democrats, and ~20% the fault of Republicans for not screaming bloody murder when the Democrats did what they always do. (Tax and Spend)

The largest expenditure for the US Government is the trillion dollar per year "War on Poverty", otherwise known as the "Democrat Vote Farm Project." Not only is it destroying the nation financially, it is destroying the nation socially. Most of our prisons are filled with people who were fatherless as a result of this extremely destructive Democrat Policy. The Murders, the Drug abuses, the absolute misery created within many aspects of our society are directly traceable to this Lyndon Baines Johnson Vote buying scheme.

All I said what that the guy going down with the ship is getting the blame.

Had he not spent all his efforts on blowing a bigger hole in the bottom of the ship, I might agree with you that it is a shame for him to get the blame for past idiocy, but as he has done every thing he could to exacerbate the coming financial disaster, he is now the person MOST responsible for the impending financial collapse.

I sort of agree with you about one other thing. It is a terrible shame that the first Black president had to be such an evil fool. People in the future will unfairly attribute the massive disaster that he was with his race, and thereby tarnish the prospects for good and decent Black men to win the Presidency in the future. Hopefully people will come to realize his stupidity was because he was a Democrat/Socialist/Communist, and not because he was black.

What a wasted opportunity.