Debt Clock

[Bob]

Thanks Bob. On this current thread I do not think I need a graph. Ample number of graphs have been posted as it relates to the spending the the Obama administration is doing. Bob, I will tell you that I have not seen anything like this and I do not think it is good for the United States of America. I think we are in trouble if we continue to see the private sector handcuffed by the current administion. We need to allow the private sector to pul;l us out of this and not the government programs that have been presented. The private sector will pull us out not government spending.

then you well know the private sector put us in the position to force deficits because some stimulus is needed and tax revenue is way down. wall street/banks have been well recapitalized. their spreads between cost of money and retail are huge, and overall bernanke has done a fine job juggling many issues at once. if you wish to separate the stimulus money, yes, there is much waste. unfortunately the business cycle transcends administrations. i do take issue with the carter comment.

 

[steyou]

then you well know the private sector put us in the position to force deficits because some stimulus is needed and tax revenue is way down. wall street/banks have been well recapitalized. their spreads between cost of money and retail are huge, and overall bernanke has done a fine job juggling many issues at once. if you wish to separate the stimulus money, yes, there is much waste. unfortunately the business cycle transcends administrations. i do take issue with the carter comment.

OK 101, Why is tax down? Recaped by who? Thank you for your suppoort of Ber. you are correct that the business cycle transcends the admin but the current admin is a little off track.
By the way, banks and wall street have been caped by the Obama idea. We need the private sector to rescue this market. It really is very simple.

 

[LuciferSam]

Do you really think that Bush was the cause. I think it started with Carter.

Are you sure your degree isn't in home economics rather than economics?

 

[happy2Bme]

Wishing I was 20 years younger and could rent myself out to "catch up"...... Ironically, were I able to pull a side-job as a "ho", then "bush" might be my economic cure!

 

[steyou]

Are you sure your degree isn't in home economics rather than economics?

I am sure.

 

[happy2Bme]

we owe our collective "asses"....Americans being as large as we are, no wonder that what we owe is HUGE! Our economy needs a Jenny Craig fix!!!

 

[Bob]

OK 101, Why is tax down? Recaped by who? Thank you for your suppoort of Ber. you are correct that the business cycle transcends the admin but the current admin is a little off track.
By the way, banks and wall street have been caped by the Obama idea. We need the private sector to rescue this market. It really is very simple.

tax revenues choked off by evaporated consumer spending/credit market collapse. we would continue deficits with zero stimulus. foreign treasury buyers are filling the void. the private sector will lead the way, but a recovery w/o hiring will be long indeed. wage stagnation will weigh heavily.

 

[steyou]

tax revenues choked off by evaporated consumer spending/credit market collapse. we would continue deficits with zero stimulus. foreign treasury buyers are filling the void. the private sector will lead the way, but a recovery w/o hiring will be long indeed. wage stagnation will weigh heavily.

It all started with Carter. Private sector will hire if there is consum confidenece. Forget the f treasuries. We need good ole american knowhow/ investment.

 

[Miss Kitty]

No, it really doesn't unless you have a sense of direction. I'm not at all pleased about the debt in fact I'm pissed off but Bush governed with his thumb up his ass and just ran up the bills and left such a cluster**** it's going to take a long time to overcome it. We were headed in this direction during his first term and any of you who voted him in the second time around can take some the blame for this.

As I have stated before, you good citizens forced Bush on us for eight long years so I'm going to give Obama at least four. I believe six months is a little too soon to declare failure after the last eight years. If it doesn't turn out I will apologize to all of you and move on. One thing is for sure, McCain/Palin would have been as bad or worse.

nanny nanny boo boo.

that bolded part made me laugh out loud! MOVE ON? right! where's the fun in that? ;-)

I am just not so sure about this whole..."well, the last 8 years were a clusterpuck, so that gives the current administration the right to puck it up some more" attitude.

 

[poppy]

nanny nanny boo boo.

that bolded part made me laugh out loud! MOVE ON? right! where's the fun in that? ;-)

I am just not so sure about this whole..."well, the last 8 years were a clusterpuck, so that gives the current administration the right to puck it up some more" attitude.

You missed the point.