Test for Obama as Deficit Stays Over $1 Trillion

[JU_88]

@Sky Well in principle Id agree thats kind of how our sytem works in practice, yes, but your text implies that 'this mysterious elite' is behind everything, that is almost bordering on foil hat territory (illuminati conspiricy)
I dont think this is all part of a well thought out plan, i think its part of a very badly thought out plan, a plan that runs more along the lines of an 'elite' which has decided: 'oh screw integrity and sustainability - lets just make a fast buck and to hell with the consequences'.
My take on it is this: Alot of what happening in the world is likley down to a combination of greed, corruption, incompetance and a LACK of forward planning.
Sure there maybe an elite, but I do not believe its not some evil centralized group or organization like Builderburg or something. No, I think this 'elite' is far more wide spread and chaotic than that.

A total uncontrolled debt collapes would be just that - 'uncontrollable' as would be its long term consquences. If we hit a rapid global collapes, all bets are off.
Why would this elite intentionally risk compromising the very infastructure that allows them to be 'elite' in the first place? It would be a very self destructive plan on their part.
If entire civilaizations were in dissary and running amok, it would be impossible to contain it without a thermo nuclear war, and I'm not convinced 'the elite' are prepared to spend the rest of thir lives confined to an underground bunker.

[Oberon]

Originally Posted by JU_88

@Sky Well in principle Id agree thats kind of how our sytem works in practice, yes, but your text implies that 'this mysterious elite' is behind everything, that is almost bordering on foil hat territory (illuminati conspiricy)

I think the reason why a lot of these people feel the need to blame it on some mysterious cabal/illuminati is that they have trouble believing that whole groups of people, whole societies can be so incredibly stupid for so long.

[JU_88]

Originally Posted by Oberon

I think the reason why a lot of these people feel the need to blame it on some mysterious cabal/illuminati is that they have trouble believing that whole groups of people, whole societies can be so incredibly stupid for so long.

Agreed.

[Skybird]

People in power - do not like to share power.

And that explains a whole damn lot of what goes wrong in the world over and over and over again.

No tin foil hat protects you against this simple truth: people in power do not like to share power.

Another basic truth: capitalisms hates competition and rivals. Capitalists want monopolies.

And that also explains a whole damn lot of what goes wrong in the world over and over and over again.

[mookiemookie]

Originally Posted by JU_88

almost bordering on foil hat territory (illuminati conspiricy).

Bordering on? Sounds to me like it's crashed straight through that border and is careening full on into foil hat territory.

Hanlon's Razor, people. Hanlon's Razor.

[Gerald]

[August]

Pretty scary stuff. No comment from the forum Obamanoids?

But the larger point concerns executive leadership.Every President "inherits" a government that was built over generations, which he chooses to change, or not to change, to suit his priorities. Mr. Obama chose to see the government he inherited and grow it faster than any President since LBJ.

The pre-eminent political question now is whether to reform the government we have to make it affordable going forward, or to keep growing the government and raise taxes to finance it, if that is even possible.


Mr. Obama favors the second option, though he pretends he can merely tax the rich to do it. Nobody who has looked honestly at the numbers believes that—not his own Simpson-Bowles commission and not the Congressional "super committee" he sanctioned but then worked to undermine.

[eddie]

Originally Posted by August

Pretty scary stuff. No comment from the forum Obamanoids?

A lot of blame for this mess falls at the feet of the Republicans too August, your selective memory is still working just fine!

" In 2005, the Republican controlled House of Representatives passed a GSE reform bill (Federal Housing Finance Reform Act) which "would have created a stronger regulator with new powers to increase capital at Fannie and Freddie, to limit their portfolios and to deal with the possibility of receivership". [51] However, the Bush administration opposed the bill and it died in the Senate. Of the bill and its reception by the Bush White House, Ohio Republican Mike Oxley (the bill's author) said: "The critics have forgotten that the House passed a GSE reform bill in 2005 that could well have prevented the current crisis. All the handwringing and bedwetting is going on without remembering how the House stepped up on this. What did we get from the White House? We got a one-finger salute." [52] The Bush economic policy regarding Fannie Mae and Freddie Mac changed during the economic downturn of 2008, culminating in the federal takeover of the two largest lenders in the mortgage market. Further economic challenges have resulted in the Bush administration attempting an economic intervention, through a requested $700 billion bailout package for Wall Street investment houses"

"The seasonally adjusted unemployment rate rose from 4.3% in January 2001, peaking at 6.3% in June 2003 and reaching a trough of 4.4% in March 2007. After an economic slowdown, the rate rose again to 6.1% in August 2008 and up to 7.2% in December 2008.[59] From December 2007 when the recession started to December 2008, an additional 3.6 million people became unemployed"

'The total surplus in FY 2001 was $128 billion. A combination of tax cuts and spending initiatives has added almost $1.7 trillion—through budget deficits—to the national debt since then (October 1, 2001 through September 30, 2007'

And during the Bush Administration, the size of the Federal Governent grew by 42%

I guess Republican don't walk on water either do they!

[soopaman2]

But the Kenyan....He uhh... He did uh.....

You know he is a mooslim?

A kenyan Mooslim, lemme see dat birf certificate.

Ohh, nice birth certifiicate, it's still fake, I believe in chemtrails and planet Niburu, that is gonna crash into us.

Did I mention he is the same religion as da guys who messed up the World Trade Center.
Huh? We have to hate him, cuz he is moozlim! And Kenyan, africans are uhh, worthless to us amirite...High 5 ya'll

Yeah, people take you all seriously.

Obama may not be the best we can give, but it is the best we have at the time. (imho of course)



Yes it is sad...

Chris Christie/Rick Perry 2016

(now those 2 are what real moderate Republicans look like)

[mookiemookie]

Originally Posted by soopaman2

Rick Perry 2016

(now those 2 are what real moderate Republicans look like)

You have got to be freaking kidding me.

[August]

Originally Posted by eddie

I guess Republican don't walk on water either do they!

They most certainly do not, but then again I never said that they did. However like the article says a President inherits a creation of all his predecessors. He chooses the direction he want's to point it during his term on watch. So far Obama has chosen to continue to grow the government. You can't deny it. How many new federal agencies are going to be created as a part of Obamacare? 150 or so?

I want him to shrink the Federal government not grow it. I don't want him to cut vital services like my states legislature does when they are trying to justify a tax increase. You know, like how they'll announce they had to fire a dozen cops or teachers, instead of the two fatcat directors who don't do anything but go to "planning meetings" in Aruba and Las Vegas. Oh no we need them to manage things. The three multimillion dollar feasibility studies we had W E Fleeceum and Associates do for us last year proved it.

The problem is as I see it we pay our income taxes backwards. We should be paying the highest percentage of income taxes to our state, then maybe 5% of that to the Feds for common things like national security and interstate highways and national parks.

Instead the lions share of tax revenue from the whole country goes way off to Washington only to have a small portion of it, maybe, doled back to us with a ton of strings attached and the rest squandered away in various pork projects and other costly boondoggles. It's a very inefficient and gaffe prone method of managing our affairs.

Now of the two candidates only Romney has shown that he can fix financial messes which I think we can all agree is the number one job that we need the next administration, whoever it is, to do. I just don't see a reelected but now lame duck Obama administration getting that job done.

[soopaman2]

Originally Posted by August

They most certainly do not, but then again I never said that they did. However like the article says a President inherits a creation of all his predecessors. He chooses the direction he want's to point it during his term on watch. So far Obama has chosen to continue to grow the government. You can't deny it. How many new federal agencies are going to be created as a part of Obamacare? 150 or so?

I want him to shrink the Federal government not grow it. I don't want him to cut vital services like my states legislature does when they are trying to justify a tax increase. You know, like how they'll announce they had to fire a dozen cops or teachers, instead of the two fatcat directors who don't do anything but go to "planning meetings" in Aruba and Las Vegas. Oh no we need them to manage things. The three multimillion dollar feasibility studies we had W E Fleeceum and Associates do for us last year proved it.

The problem is as I see it we pay our income taxes backwards. We should be paying the highest percentage of income taxes to our state, then maybe 5% of that to the Feds for common things like national security and interstate highways and national parks.

Instead the lions share of tax revenue from the whole country goes way off to Washington only to have a small portion of it, maybe, doled back to us with a ton of strings attached and the rest squandered away in various pork projects and other costly boondoggles. It's a very inefficient and gaffe prone method of managing our affairs.

Now of the two candidates only Romney has shown that he can fix financial messes which I think we can all agree is the number one job that we need the next administration, whoever it is, to do. I just don't see a reelected but now lame duck Obama administration getting that job done.

I really like paying most my taxes to our state.

As much as we try to hide it, our country was based on states rights.

We are more of a constitutional confederacy, than a constitutional republic.

What is great for NJ, is not good for Mass, and vice versa.

Regardless of the outcome, I will respect the decisions made.

But what is our guarantee that we are not just trading names, for the same ol stuff?

But I will respect Romney, as I do Obama if he wins. I wish whoever wins the best, because we as citizens deserve the best.

I only hope the other side ( not so much you, August) can do the same if Obama wins, which I truly doubt.

You have to admit, there was alot of pre-emptive hostility towards Obama. (even before he did anything/and/or nothing)