Who Do You Blame For The Current US Debt?
 

https://scontent-a-lga.xx.fbcdn.net/...60184768_n.jpg

How this is calculated...

http://ReaganBushDebt.org/CalculationDetails.aspx

good post, we need to fire those guys.

a lot of ppl

We need to dig Ronald Reagan up and serve him some consequences based on this.

I blame the federal govt. for the debt.

The Executive branch and especially the legislative branch. Bunch of crooks.

While each side is running around pointing fingers at the "other" team, they are BOTH screwing us all. People are amazingly blinded by party politics.






.

x16,044,822,811,464.10

Finger pointing at a dead president is beyond worthless.

The keyword is "Party" not "Politics".

The politicians and their friends are having a party while pretending to represent the people. The sooner we all realize it the sooner we can stop talking about how they are screwing us and start talking about how to slow them down a little. It will take centuries to stop them so slowing them down is all we can really expect.

I blame Chris Butler
http://i.imgur.com/nuwMZoa.jpg

What they said...

The American public.

Perfect!

You can blame this on one President or another, one party or the other, but we are all to blame really.

It's called passing the buck. And they've been doing it for decades. Let's pass a new law, but we don't want to pay for it now - We'll fund it later. Let the next administration and the next Congress pay for it, they can figure that out later on.

Pretty much.

We were the idiots who voted these even bigger idiots into office, the blame lays firmly with us. :(

We voted them in, we don't demand change, we meekly allow 4 years after 4 years of stupid promises from both parties.


.

Not just the President though, congress too, they're as bad, if not worse than the executive branch.

Cute website..the other side has one just like it..

http://www.theobamadebt.com/

Then there is the truth..and this is from CBS who clearly leans hard to the left.

http://www.cbsnews.com/news/national...a-took-office/

Less than two months into President Obama's second term, new numbers show the national debt increased by more than $6 trillion since he took office.


It's the largest increase to date under any U.S. president. During the eight-year presidency of George W. Bush, the debt soared by $4.9 trillion.


Without fanfare, the Bureau of Public Debt at the Treasury Department quietly posted its daily debt report showing the total public debt of the U.S. government topped $16.687 trillion. (To be exact: $16,687,289,180,215.37)


On January 20, 2009, the day Mr. Obama took office, the debt stood at $10.626 trillion. The latest posting reflects an increase of over $6 trillion.

People taking advantage of the system, To many people are getting welfare and other forms of help that don't need it.

I'm all for helping people, but only the ones who actually need it!

Of coarse there are many other things that would help the economy, I just feel this is way overboard.

I agree let's stop the corporate welfare

Of course it is as he's the current President, and the President that held the record before Obama was Bush43, then before Bush43 it was Clinton, before Clinton it was Bush 41 and would bet that the next president regardless of party will beat Obama.

They all contribute to the snowball of debt and with each president regardless of party it increases. ALL fucking crooks whether they are giving it to insurance companies or defense contractors the system is broken thanks to political parties.

I wonder if the OP is getting the message.

You forgot to mention other countries that are supposed to be friends but are not.

There's huge list on each side of the aisle I didn't mention. :winkwink:

Step 1 - Print Wizzo's Post

Step 2 - Tape it to your Monitor

/thread

Was anybody taking the national debt into consideration when we decided to declare war against Japan and Germany? When we held the line in Korea? When we stood around the world at Freedom's Frontier during the Cold War? When we started the space program? When we decided to electrify rural America? There are appropriate decisions that are made, at least sometimes, that it's appropriate and just to defer the payment for many important things to future generations. The nettlesome question is whether that's all become too casual a decision. When people in government go along with loud voices that demand benefits, programs, and action, they need to be prepared to say instead, "No, we can't afford it", unless it's something so important that the justice of saddling the debt on future generations is obvious, plain, and patent. Otherwise, it's just a Ponzi scheme. And those invariably crash down. Voices in government need to be elected who are prepared to say that and vote No, even to praiseworthy expenditures, because the money isn't there. And, like Barry Goldwater, to realize that the solution to every problem is not always a law, and like him, too, to realize that having too many laws is, itself, a serious problem. Forgive me, as a Libertarian, for saying it, but we need to elect representatives whose aim will be to repeal as many laws as possible, to fight for the freedom of individuals rather than their control and surveilance over them, and to massively cut the activities of the government and the budgets and taxes that fuel them.

Lol Debt to who????

US prints money just because every part of us is under FR now...

800 billion dollar stimulus package for shovel ready jobs ring a bell?

The feds are still printing up 85 billion a month, it's not working

:2 cents::2 cents::2 cents::2 cents:

Odds are high that he's busy scouring Google Images for some stupid cartoon to post.

Or maybe even a lame ass Youtube video.

http://blogs-images.forbes.com/danie...efty-claim.jpg

Looks pretty one-sided to me.

If I believed anything you post, which I don't..Those figures would only be true because congress has done their jobs and cut him off at the knees as much as they can.

Using data from the Office of Management and Budget and the Department of Treasury, this chart shows the amount of real federal dollars spent per capita over the past 40 years. The data clearly highlight that, after adjusting for population and inflation, federal outlays have, with a few exceptions, mostly grown, with a clear increase over the past 12 years.


http://mercatus.org/sites/default/fi...chart1-580.png

Instead of fighting bogey men abroad (defending American Markets)

If you wanted freedom you can have let all citizens sit anywhere on your buses.

What's the difference between "federal spending" and "federal outlays" ?

First off...the federal govt. did not "electrify rural america". The electric companies did.

Why do people think the federal govt. was responsible for EVERYTHING. It wasn't. That's a very recent development as we continue to give the govt. control over everything.


As for WW2 and Korea:
"The public debt fell rapidly after the end of World War II, as the US and the rest of the world experienced a post-war economic expansion. Unlike previous wars, the Korean War (1950–53) was largely financed by taxation and did not lead to an increase in the public debt"

Google is your friend. Use it.

Robbie, you're a good guy. I like you. And I don't want to get into an argument with you and won't.

But you badly misunderstand rural electrification and World War II, both.

There were few, if any, rural electric companies. " Private utility companies, who supplied electric power to most of the nation's consumers, argued that it was too expensive to string electric lines to isolated rural farmsteads. Anyway, they said, most farmers, were too poor to be able to afford electricity." So, the US Government established electric co-operatives, lent them money to build dams, acquire generators, and wire the long paths to farms. You can read about it many, many places, including http://newdeal.feri.org/tva/tva10.htm. This all happened before you and I were born, and so no one can find fault in your contrary understanding. I don't.

My understanding is different, too, regarding World War II. At least when I was growing up in the Sixties and Seventies, World War II had not yet been paid for. We were still paying the interest on those Liberty Bonds and other borrowed money, and World War II marked, as I understand it, the first acceptance in US History, that large debt should be amortized to future generations. Google indexes what people say, and the value of what its index leads to varies. Google does not vouch for the truth of what it indexes. That anyone can find a quote online to support a proposition certainly does not prove its truth, as I 'm sure that you would agree. That particular quote seems unusually suspect to me, and that's no reflection on you. You weren't there and did not live through it. I'm older than you, but I didn't live through it either. We both judge by what we've read, and I must tell you that all of the information I've seen aside from your quote provides the exact opposite conclusion.

Robbie, if you want to talk about this more, email me. I'm not going to fight about these issues here.

I ain't fighting with you Joe.

You're just presenting things in a way that isn't fact.

The "Rural Electrification Act" gave LOANS to companies to put electricity in out of the way rural areas (for hillbillies). http://en.wikipedia.org/wiki/Rural_Electrification_Act
That's NOT giving money away. It was LOANS that were repaid.
Didn't add to the debt.

As for WW2...I am quoting to you what I found when googling it up.
And pretty much everyone who knows any history at all knows that the United States economy took off like never before in those years after WW2 and created a big tax base.
BUT...the govt., of course spent money on other things instead of paying it's debt quickly (just like that pack of crooks do today). So instead of paying off the war debt, they CHOSE to pay it off slowly.

Reagan was the first President after the war who didn't have any WW2 debt left to pay.

Pretty much Congress learned that they could get away with deficit spending and running up debt that will NEVER get paid. :(

all the politicians are to blame :2 cents::2 cents:

Guess you forgot about the Bush bailouts...

Here I will remind you...

Bush bailed the banks out as he enacted the TARP program.. Just like always the can was kicked to the next president..

Since we are using CBS.. http://www.cbsnews.com/news/more-ame...ts-poll-shows/

Funny how you guys seem to forget that little fact.. Just like you forget the first year of a newly elected president uses the already approved budget of the last. ie first year debts are from the president whom last sat in office,,,


Then of course even more bailouts from Bush.. Yes the auto industry as well.

http://www.washingtonpost.com/blogs/...DPBR_blog.html


I know, I know.. Just stick your head in the sand Vend as surely your head will explode if you had to admit the truth..

You and everyone else would be in line at your local high school gym for free food if it wasn't working.

This short and important film should answer all questions:
https://youtube.com/watch?v=iFDe5kUUyT0

I stand up and applaud you Sir.

Samething with the internet without gov funding there would be none. Companies didnt see it.

i blame baddog...

Make about as much sense as blaming Bush, Regan, Clinton or Obama. As Wizzo said, it is the broken system.

Lawmakers win elections by bringing as many handouts to their districts corporate, or social makes no difference. When the money for these handouts is not available, they "borrow" it

We have been kicking the can down the road for my entire life, and I don't see it changing till the whole thing goes pop.

I think you mean THE MILITARY funding it.

They wanted something that they could communicate with while killing people worldwide...er, I mean "DEFENDING OUR FREEDOM".

You always leave that out of your talking point Tony.

It was the MILITARY that first paid a company to develop what LATER became the internet thanks to private companies who saw a different use for the technology.

Good post OldJeff. :)