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Obama and the debt

Discussion in 'BBS Hangout: Debate & Discussion' started by gwayneco, Mar 20, 2012.

  1. gwayneco

    gwayneco Contributing Member

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    Substantive enough?

    It’s now official: the national debt has increased more during the three years of the Obama administration than during George W. Bush’s eight years. That makes it a good time to remember what Barack Obama had to say about federal debt during the 2008 campaign:

    <iframe width="420" height="315" src="http://www.youtube.com/embed/1kuTG19Cu_Q" frameborder="0" allowfullscreen></iframe>

    So if Bush was irresponsible and unpatriotic, what does that make Obama? Even if we put aside the fact that spending and debt exploded during the last two years of the Bush administration, after the Democrats took control of Congress.
     
  2. Dubious

    Dubious Member

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    So, do you have any idea what percentage of the US budget is discretionary?
    And how much of that is military spending?
     
  3. juicystream

    juicystream Member

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    Obama's plan for cutting the debt (right or wrong) was blocked by the Republicans in congress.
     
  4. jo mama

    jo mama Member

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    bush spent more than all previous presidents combined in 3.5 years and i dont remember his supporters having a problem with it then. infact, people like me who actually criticized bush for his liberal spending were labeled "bush-haters" or "amer'ca haters".

    so basically, if you supported george w. bush and his out of control spending then you have no right to speak up now when obama just continues down the same path.

    "defecits dont matter" - dick cheney.
     
  5. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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    Finger point all you guys like....

    The bottom line is that we are on a dangerous trajectory with the debt and deficit. There are rational and simple compromises that can be done to minimize deficits, but they aren't happening.
     
  6. FranchiseBlade

    Supporting Member

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    As far as the debt and the deficit is concerned, it is horrible. But how much spending do we want to cut as opposed to tax increases.

    Look at govt. spending and how much of the GDP it is.

    According to this it's about 42%.
    http://www.usgovernmentspending.com...2010&units=p&title=Spending as percent of GDP

    Even if it were half of that, think how much of the GDP will be cut if we cut the spending. The economy dropping by that much would be horrible for the nation's economy.
     
  7. bigtexxx

    bigtexxx Member

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    the voice of reason
     
  8. SacTown

    SacTown Member

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    Yes. Two things would put us into a surplus in no time.

    1. Put taxes back where they belong
    2. Legalize Weed and tax it at 50%
     
  9. gwayneco

    gwayneco Contributing Member

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    This really isn't about the debt per se, it's about Obama's hypocrisy.
     
  10. bmb4516

    bmb4516 Member

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    This is absolutely incorrect. Bush never spent more than "all other Presidents combined. He spent too damn much to be sure, but it wasn't equal to all other Presidents combined. The debt when Bush took office was $5.7 trillion and the debt when he left was $10.6 trillion, so you're about $900 billion off. Keep in mind that $700 billion of that debt was TARP, which most of the Republicans on this board railed against when it was passed.
     
  11. juicystream

    juicystream Member

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    Has Obama said that the debt is not a serious problem? Has he said the debt added under his watch isn't unprecedented?

    In all the hypocrisy that is our government, I don't consider Obama to be the most egregious.
     
  12. GladiatoRowdy

    GladiatoRowdy Member

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    Obama tried repeatedly to cut the deficit, only to be rebuffed by the intransigence of the GOP.
     
  13. bigtexxx

    bigtexxx Member

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    excuses

    Obama was supposed to be a "uniter"

    he did not show an ability to work with the party across the aisle

    he is not free from blame
     
  14. rpr52121

    rpr52121 Sober Fan
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    When people are in office they create bills that often have stipulations or budgetary effects that occur a number of years AFTER the bill.

    Just because you now have a constant, immediate stream of information does mean that a bill signed today is immediately enacted tomorrow and its consequences easily interpretable by the media and blogger instantly.

    It takes years to actually enact and carry out many bills.

    Not saying that Obama has no accountability, but your your over-simplifying the process.
     
  15. Mr.Scarface

    Mr.Scarface Member

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    Takes two to Tango. Say u want to play with Kate Upton's fun bags, if she is not a Willing participant....it's not going to happen. Repubs have to willing to work for it, instead of being the party of NO!
     
  16. bigtexxx

    bigtexxx Member

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    Obama has been atrocious at working with the party across the aisle. He even made comments reflecting that he won the election so it's his way now....well that went over poorly. A good president can work both sides of the aisle. Obama has not been a uniter, but rather a polarizer. He's a very poor leader that cannot get much done, as a result. Time for America to take out the trash.
     
    1 person likes this.
  17. GladiatoRowdy

    GladiatoRowdy Member

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    Bull. The GOP have been completely unwilling to compromise at all. It is true that Obama hasn't given the GOP everything and anything they asked for, but that isn't "compromise," that is bending over and taking it up the a$$.

    Everyone can clearly see which party is unwilling to compromise and it isn't the one to which Obama belongs.
     
  18. shipwreck

    shipwreck Member

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    the GOP/NO has had one agenda for four years: don't let barack obama accomplish anything that will reflect well on him. the fact that you fault him for the obstructionism he has experienced is preposterous.

    70% of democrats voted for cheney's war. this generation of republicans are a bunch of fat f**king babies who can't get over losing one presidential election. they are really going to lose their minds when the losing streak hits two.

    as far as the money, i had a crazy idea. we should, like, spend the money we spend on "defense", otherwise known as pre-emptive and prolonged military excursions with no real objectives, at home. you know, pay some bills, get out of debt. i'm sure you would be right in line with that kind of spending, domestically, when it's right in front of your face and not pursued with "your-gonna-die-without-it" fear-mongering defense rhetoric.
     
  19. bigtexxx

    bigtexxx Member

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    nothing but excuses

    when you point the finger at someone else, there's three pointing back at you.
     
  20. shipwreck

    shipwreck Member

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    you should know.
     

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