[The Sons of Liberty]

When Deficits Become Dangerous

It passed that point a long time ago.

[sickoflibs]

The Peter Schiff/Redistribution Watch Ping. (Washington Bankrupting our Nation by Spending your past, present and future money!)

We are screwed: Remarkably, President Obama will add more red ink in his first two years than President George W. Bush—berated by conservatives for his failure to control domestic spending and by liberals for the explosion of military spending in Iraq and Afghanistan—did in eight. In his first 15 months, Mr. Obama will raise the debt burden—the ratio of the national debt to GDP—by more than Reagan did in eight years.

[Jim Robinson]

Obama is an idiot.

[sickoflibs]

This thread is a good place to continue this discussion :)

[metmom]

Remarkably, President Obama will add more red ink in his first two years than President George W. Bush—berated by conservatives for his failure to control domestic spending and by liberals for the explosion of military spending in Iraq and Afghanistan—did in eight. In his first 15 months, Mr. Obama will raise the debt burden—the ratio of the national debt to GDP—by more than Reagan did in eight years.

I'm soooo surprised........

***roll eyes***

[USFRIENDINVICTORIA]

A conservative President, who made drastic cutbacks in spending to reduce the deficit, would have the support of his voting base.

Obama’s base is addicted to government largess. He can't reduce expenditures, without losing his base. He can't raise taxes, without losing the “moderates”.

[mockingbyrd]

see where I come from, deficits are ALWAYS dangerous. But I’m oldfashioned that way.

[dbrew2u]

There is no painless way out of this. And i just read where the Dims are going to try again to pass Health Care, again. This will be another Trillion Dollars that we do not have. The Chinese are worried and rightfully so. We do not have their money either. I guess we will just have to trade them States, for debt. How much for Hawaii ?

[DNME]

I think we've just found the motto for putting a stop to the insane borrowing binge!!

HOW MUCH FOR HAWAII?