Presidential debate tonight

Riot · #1 10-22-2012, 12:42 PM

Quote:

Originally Posted by joeydb

How about "accomplishing" a record $16,000,000,000,000 in debt,

The president is not responsible for 100% of our debt and you know it.

Please - list this presidents personal contribution to our debt. Itemize, please. Fact is, this president has contributed very little to our debt, especially compared to the massive fiscal recklessness of the last 2 administrations.

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with $1,000,000,000,000+ deficits for as far as the eye can see, assuming anyone is still stupid enough to keep lending us money we can't pay back.

Your hysterical hyperbole and use of excessive zeros is sad. You apparently are confusing debt with deficit - this president has cut the deficit by 3% of GDP.

And by the way? When the Bush Tax Cuts expire January 1, 2013, that alone will cause our debt to be cut in half in about 10 years.

Life in America is so much more fun in reality-land.

joeydb · #2 10-22-2012, 12:45 PM

Quote:

Originally Posted by Riot

The president is not responsible for 100% of our debt and you know it.

Please - list this presidents personal contribution to our debt. Itemize, please.

You apparently are confusing debt with deficit - this president has cut the deficit by 3% of GDP.

No, I'm afraid you are confusing the two. The deficit is the amount of shortfall in a year, and if that is not paid by the end of that year, the outstanding amount is added to the cumulative debt.

The 3% cut you refer to is evidently nonsense, as the deficits, however reported, are going up, not down, and are larger than GW Bush's deficits. You can't cut something by 3% and have a larger number.

Or are you going to say that the GDP itself increased in spite of the high unemployment? That would also require some explaining.

Riot · #3 10-22-2012, 12:49 PM

Quote:

Originally Posted by joeydb

No, I'm afraid you are confusing the two. The deficit is the amount of shortfall in a year, and if that is not paid by the end of that year, the outstanding amount is added to the cumulative debt.

Yes, Joey, and this president has cut that. Annualized fiscal spending is at an all time low since Reagan.

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The 3% cut you refer to is evidently nonsense,

Only when you hold your hands over your ears, squeeze your eyes shut, and hum loudly to yourself while ignoring math.

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as the deficits, however reported, are going up, not down, and are larger than GW Bush's deficits.

Again: list this presidents specific contributions to our debt (because no, our deficits are not going up, they have gone down). $16 trillion you say - so you must know what part of that is Obama's. You say all of it. We know that's false. List what Obama has contributed to our debt by being unfunded and having to borrow money to pay for it.

Obamacare? Nope. Self-funded.
Continuing war in Iraq? Nope. Done.
Continuing war in Afghanistan? Bringing to a close.

So I'm puzzled, Joey - what has Obama contributed to our $16 trillion in debt? Tell me,list it, and I'll believe you.

You do realize that interest continues to add to the debt? That even if a president spent literally zero, the debt would rise? Except Obama has done things to cut our debt, and it's gone down 3% of GDP over his administration, from 10% of GDP to 7%. It needs to be down to about 3%. It's getting there. Romney would explode it back up again.