The Deficit Is Not Default of Obama

Comment #10

CashWinner$ — Fri, 22 Jul 2011 17:35:57 GMT

Holy Wow sully, you are in tune! Thanks â€“ Yeah, all the $$ speak is way over my head. Besides, I wonder about half the stuff Iâ€™m fed as it is (media,etc). Prevarication on a daily basis no doubt.

Comment #9

GASMETERGUY — Fri, 22 Jul 2011 16:40:25 GMT

Yes, Bush II did run up the national debt. That was the main reason he was pillared by the MSM. Running up the debt is the prerogative of the democrats. Obama took the national debt from 9 trillion (or thereabouts) to 14 trillion. Yes, we have increased the debt ceiling many, many times in the past. Now we have reached the edge of the cliff. Either we jump off and commit suicide or we bite the bullet. I vote to bite the bullet.... [ More ]

Comment #8

sully16 — Fri, 22 Jul 2011 14:08:47 GMT

Now for slick willie, AKA, Clinton, he and the federal reserve, are directly responsible for the mess we are in, they set into motion a economy that grew out of control, Sub-prime lending, they made it easier for people who had no business owning homes possible, Fanny and Freddie, the housing market boomed out of control, they were being bought and sold so fast it would make your head spin, many people knew that the sub=prime loans could not be sustained, they didn't care that people would... [ More ]

Comment #7

joker17 — Fri, 22 Jul 2011 03:23:07 GMT

The Fed audits themselves CashWinner$. BTW, a lot of folks don't even know that the FED isn't even part of the Govt. They are a group of private entities, and that's why they get away with this crap.

Comment #6

CashWinner$ — Fri, 22 Jul 2011 02:00:53 GMT

Man thats a lotta missing $$$$; surely people were prosecuted..........yeah, didnt think so

Comment #5

joker17 — Thu, 21 Jul 2011 23:38:52 GMT

I forgot to add that the Fed audits itself....aaha haha ahha ahha ahha.....

Comment #4

joker17 — Thu, 21 Jul 2011 23:35:27 GMT

http://www.youtube.com/watch?v=PXlxBeAvsB8&feature=player_embedded

Comment #3

CashWinner$ — Thu, 21 Jul 2011 23:08:59 GMT

That is a great line! & In some cases, very true - <br

Comment #2

Rick G — Thu, 21 Jul 2011 22:39:26 GMT

The single biggest expense is war-making. The Pentagon budget for the coming year is 2/3 of a trillion$ (that we know of). Stop the five (?) illegal wars and pay the debt off with the savings. But Congressmen would rather profit from their defense company stocks. The rest of their portfolios are shot, just like the economy they've created. Politics and elections are there only to make us think we have a choice and to switch the players to mimic change. It is one... [ More ]

Comment #1

time*treat — Thu, 21 Jul 2011 22:37:45 GMT

We're not supposed to remember that far back. :-/

Original Blog Entry: The Deficit Is Not Default of Obama

jimmy4164 — Thu, 21 Jul 2011 20:35:44 GMT

Eric Cantor

Thursday 21 July 2011

by: Greg Palast, Truthout | News Analysis

Let's talk about how we ended up in this pickle, bucking up against the 'debt ceiling.' From 2001 to 2008, a Republican president took an annual surplus of $86 billion left for him by Bill Clinton and ran up the budget deficit to over half a trillion in a year ($642 billion in 2008). Altogether, George W. Bush blew up the national debt by over $3 TRILLION - then left the bills to Barack Obama.

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