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Thread: Things to get done

  1. #311
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    Bethere's Avatar Banned
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    Quote Originally Posted by Ransom View Post
    That's not even close to being true. I had asked you don't tell stories here. You've failed to comply.
    You are loud and easily refuted. Subtract A from B to get Obama's contribution to the situation.

    Good times!​tm

    Exhibit A:

    us_debt_owned_by (1).jpg

    Exhibit B:

    US Economy. The U.S. debt to China is $1.05 trillion, as of November 2016. That's 27.8 percent of the $3.77 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $19.9 trillion national debt is owned by either the American people or by the U.S. government itself.[COLOR=rgba(0, 0, 0, 0.541176)]Feb 2, 2017

    https://www.google.com/url?sa=t&sour...77R3uyeNzq3qWQ
    Last edited by Bethere; 02-24-2017 at 02:42 PM.

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    Docthehun (02-24-2017)

  3. #312
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    Docthehun's Avatar Senior Member
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    And, if I'm not mistaken, Japan has overtaken China since last November.

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    Bethere (02-24-2017)

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    nic34's Avatar Senior Member
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    Quote Originally Posted by Ransom View Post
    www.usdebtclock.org is the point. Click. Learn. Understand. Then comment. Ok?

    I thought we were talking about deficits. Now you are bringing up debt?

    And you thought exo was the confused one....LOL!
    "Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children."
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    Nattering naybob

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    Ransom's Avatar Senior Member
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    Quote Originally Posted by nic34 View Post
    I thought we were talking about deficits. Now you are bringing up debt?
    The sum of deficits = debt. Glad I could help.

    And you thought exo was the confused one....LOL!
    I was the one who laid it out for Debt Clock. Showed him how massive deficits were piling debt on under Obama's Stimulus, Omnibus spending, and Obamacare. I explained this same error he made with the one Bethere makes here. Obama skyrocketed deficits and added 9 trillion to our national debt with his supporters such as Exo and Bethere cheering him on. Their faux outrage and concern for any spending today further reduces their integrity. Don't risk yours as well, you've very little left.

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    Obama was also an influential Senator who signed off on the bank bailouts and corporate loans much like the one to GM. An influential member of Congress who before elected signed off on domestic spying, bank bailouts, and TARP.

    Today's versions from out Left want to ignore that fact. Want to ignore massive deficits throughout Obama's terms claiming he brought down deficits....his last one exceeds 1/2 trillion.

    Not on this watch. Obama the single most irresponsible spending machine in history. And the money he spent didn't become an asset, didn't create or initiate. It blew the funds on owed campaign monies and green technology and union/bank payoffs.

    We all got swindled, hope and change your merry arses.

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    stjames1_53 (02-28-2017)

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    Well, it is what it is..........I mean, really?

    https://www.yahoo.com/news/trump-aid...063814649.html

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    In the world of Trump, the motto is; "It's not how much money you have, it's how much you can borrow."

    Since we all agree we've been running a deficit and many express concern over the debt, it seems odd that we'd be on a spending spree right out of the gate, especially in the light of "massive" tax cuts coming our way.

    We're building a 21 billion dollar wall (of sorts) not including the cost of increased security, proposing a 54 billion dollar increase in military spending and throw in another 10 billion a year in infrastructure investment. Sounds like "funny math" to believe the debt is headed anywhere but up. That 3%-4% GDP growth isn't happening anytime soon. Remember also, this is the longest financial expansion in modern times and a recession of some degree is long overdue. Throw in a great amount of uncertainty regarding the potential trade war and you've got the perfect brew for a rocky road.

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    FindersKeepers (02-28-2017)

  12. #318
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    Quote Originally Posted by Docthehun View Post
    In the world of Trump, the motto is; "It's not how much money you have, it's how much you can borrow."

    Since we all agree we've been running a deficit and many express concern over the debt, it seems odd that we'd be on a spending spree right out of the gate, especially in the light of "massive" tax cuts coming our way.

    We're building a 21 billion dollar wall (of sorts) not including the cost of increased security, proposing a 54 billion dollar increase in military spending and throw in another 10 billion a year in infrastructure investment. Sounds like "funny math" to believe the debt is headed anywhere but up. That 3%-4% GDP growth isn't happening anytime soon. Remember also, this is the longest financial expansion in modern times and a recession of some degree is long overdue. Throw in a great amount of uncertainty regarding the potential trade war and you've got the perfect brew for a rocky road.
    Please Doc! You are going to actually resort to math?
    One can be sure that he who says he knows knows nothing

  13. #319
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    Quote Originally Posted by Docthehun View Post
    In the world of Trump, the motto is; "It's not how much money you have, it's how much you can borrow."

    Since we all agree we've been running a deficit and many express concern over the debt, it seems odd that we'd be on a spending spree right out of the gate, especially in the light of "massive" tax cuts coming our way.

    We're building a 21 billion dollar wall (of sorts) not including the cost of increased security, proposing a 54 billion dollar increase in military spending and throw in another 10 billion a year in infrastructure investment. Sounds like "funny math" to believe the debt is headed anywhere but up. That 3%-4% GDP growth isn't happening anytime soon. Remember also, this is the longest financial expansion in modern times and a recession of some degree is long overdue. Throw in a great amount of uncertainty regarding the potential trade war and you've got the perfect brew for a rocky road.
    it's okay. if and when we get the 3-4% growth, inflation should take care of keeping the debt growing.

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    Quote Originally Posted by ripmeister View Post
    Please Doc! You are going to actually resort to math?
    Speaking of "fuzzy math", I forgot that the infrastructure is a trillion over a decade, so that's 100 billion a year. Add another 90 to the above total.

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