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Post by Frank on Oct 16, 2013 15:42:16 GMT -4
At some point, our economy will not be able to withstand the pressure of all this debt. Biden, Pelosi, Reid, and Obama, all grandstanded against raising the debt ceiling during the Bush years. All claim it was a sign of failure of the part of our governemnt. Now that their man is in office, it's all OK now. But we're talking about twice the debt this country has ever had.
U.S. NATIONAL DEBT CLOCK The Outstanding Public Debt as of 16 Oct 2013 at 07:29:05 PM GMT is: $16,756,279,834,201.94
The estimated population of the United States is 316,857,574 so each citizen's share of this debt is $52,882.69.
The National Debt has continued to increase an average of $1.81 billion per day since September 30, 2012!
Clinton taxed the hell out of us, but he realized the importance of keeping national debt low. He was weak as a president, but he did pay down our national debt, limited welfare subsidies, and stimulated the cigar industry in this country. What is wrong with everybody now? Debt will weaken our nation, and at a time of unrest in the middle east, South Korea and China flexing, and terror plots against the US, we really can't adfford to be weak. I just don't get it. Doesn't anyone else worry about passing along a huge debt to our children?
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Post by Deleted on Oct 16, 2013 16:00:25 GMT -4
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Post by frankf on Oct 16, 2013 18:29:48 GMT -4
Doesn't anyone else worry about passing along a huge debt to our children? If you are truly concerned, you'd be working in order to RAISE taxes on corporations, millionaires, yourself and neighbors. Federal taxes are the lowest they have been in 60 years.
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Post by bob66 on Oct 16, 2013 19:49:46 GMT -4
Doesn't anyone else worry about passing along a huge debt to our children? If you are truly concerned, you'd be working in order to RAISE taxes on corporations, millionaires, yourself and neighbors. Federal taxes are the lowest they have been in 60 years. How about spend less?
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Post by bluecrabber on Oct 16, 2013 21:02:10 GMT -4
You can't spend less when you have to keep buying votes from the stupid people..
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Post by Frank on Oct 16, 2013 22:02:57 GMT -4
Doesn't anyone else worry about passing along a huge debt to our children? If you are truly concerned, you'd be working in order to RAISE taxes on corporations, millionaires, yourself and neighbors. Federal taxes are the lowest they have been in 60 years. I don't mind paying taxes if everyone pays their fair share; yeah, millionares and corporations too. Taxes should be the responsibility of everyone. However, I don't want to pay taxes only to be pi$$ed away. When the economy sours, citizens tighten their belts, budget their money, and watch their costs. Why doesn't our government do the same. It's our money, not theirs. We give more money to foreign governments that could be better spent in this country. Look how well the goverment is investing our social security money we the people give the goverment from every paycheck.
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Post by emsguru on Oct 17, 2013 4:54:48 GMT -4
we need campaign finance reform of some sort. I shouldn't be able to donate a million dollars to keep someone in office and then have them make tax loopholes to save me or my business several millions more a year.
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Post by kiboater on Oct 17, 2013 9:41:12 GMT -4
we need campaign finance reform of some sort. I shouldn't be able to donate a million dollars to keep someone in office and then have them make tax loopholes to save me or my business several millions more a year. I agree it is out of control. Labor unions are the largest contributors and corporations are second. It apparently cost a billion dollars to put on a presidential campaign. Here is an example: elections.nytimes.com/2012/campaign-finance Neither party will give up any of this. This is not what was intended. If the link does not work try this: tinyurl.com/3jfa54d
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Post by Rich Fisher on Oct 17, 2013 12:10:14 GMT -4
I always thought that the "Flat Tax" was the only fair way to go, but too many special interest groups on both sides would have to pay, so it will never happen.
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Post by jake on Oct 17, 2013 14:23:03 GMT -4
What debt problem?? We don't have a debt problem because we can just keep printing money as we need it! Raise the debt ceiling, print more money, raise the debt ceiling, print more money. See how easy it is..... we live in Shangri-La.
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Post by bluecrabber on Oct 17, 2013 15:30:16 GMT -4
Not to worry, President Obama says raising the debt ceiling will not cost us taxpayers one thin dime.. Attachments:
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Post by Deleted on Oct 17, 2013 22:15:45 GMT -4
What does the caption mean and what does it have to do with the deal Congress reached to end the shutdown/debt ceiling issue?
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Post by RobMoore on Oct 18, 2013 2:56:57 GMT -4
we need campaign finance reform of some sort. I shouldn't be able to donate a million dollars to keep someone in office and then have them make tax loopholes to save me or my business several millions more a year. It will take more than that. They will get them the money somehow. What is needed is to limit the amount a presidential campaign can spend, like racing organizations do to make things more competitive between the big factory teams and the independents.
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Post by falgar25 on Oct 18, 2013 5:58:46 GMT -4
I am so discouraged with the way things are going these days that I don't think even that would work.
Campaign finance reform will help prevent buying an election with cash, but promises of free health care, free food, free phones, and free money will still buy an election with the Govt's credit.
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Post by jake on Oct 18, 2013 15:08:48 GMT -4
This financial house of cards Will come crashing down; its not a matter of if, but when. Once QE stops and interest rates start to climb, watch out.
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