Sustainable Debt... ROFLMAO... not really.
Notice the presstitutes never ask him about kenyancare costs. He sold it as costing $900 billion and not adding a penny to the deficit. The latest estimate is $2.9 trillion over 10 years. Obama is a proven liar and yet the journolisters can’t stop fellating him.
No, you haven't.
What you've done is to promise to reduce projected future spending increases by that amount in Federal budgets not yet written, as funded by taxes not yet collected, and subject to amendment or change at any time by a Congresses not yet elected or a President given to the daily promotion of falsehoods.
Okay: now try explaining that to low-information voters. A lie can be told and repeated many times while the truth is still clearing its throat.
“These are not the droids you are looking for...”
If there is no crises, then it won’t be a big deal if the debt ceiling is not increased.
by the way, the only thing that happens if the debt ceiling is not increased is that the federal govt. is immediately put on a balanced budget.
PPOS is a freaking idiot!
Anyone who knows history ought to compare how the British and Germans financed WW1. The British sold their war loans (and that of their allies) the one place where there was enough capital in the world to absorb it; the New York market. The British had some lean financial years after the war, but the American banks had an interest in keeping the Imperial economy afloat to get their notes paid off.
The Germans were frozen out of that market and sold their war debt...to themselves. All in 5-year short term notes. No foreign banks cared to keep their economy afloat. So five years later, the German central bank printed money to pay off the war debt with worthless marks.
Back when our annual deficits were around a mere $400 billion, there was enough capital in Shanghai, Tokyo and Riyadh to soak it up. But when we went to $1.6 Trillion annunal deficits, we exceeded the world’s willingness or capacity to finance it. So we sold it to ourselves and papered over it with “Quantitative Easing.” In other words, we changed from the British model to the German model.
But we don’t have a debt problem. Just like the Germans didn’t, we’ll have a turbo-inflation problem.
There is no debt if you have ZERO intention of ever paying it back.
Say, can I borrow $20 from each of you?
He'd be happy to discuss it further, but he has a golf game and has to go.
I refuse to believe anything that deals with numbers from someone that admits that he can't do math above a 7th grade level.
As the British used to say. Its only true if the government officially denies it.
An Obama voter is probably the most gullible creature on the face of the Earth. If Obama said he was God himself an Obama voter would be ok, If Obama said the sky was falling an Obama voter would panic.
When Obama says the debt is not a problem an Obama voter drinks it down with ease.
The only reality an Obama voter is concerned with is the world of Obama. This is why only a fool employ’s an Obama voter. Don’t expect sensible judgement in a man who paces his faith in the word of an idiot over the clear evidence of his own eyes & ears.
“There’s no crisis”
Lemme guess; it’s just you having fun?
Gettin’ burned by the Sun?
Just another tricky day for you?
There is no immediate crisis. Right after the economy takes off like the Challenger, just as I have been saying it would any day now for four years, there’ll be so many dollars coming in, we won’t be able to count it all. It’ll be just like Germany in the 1920s, or failing that, Argentina in the 1970s. In fact, in anticipation of a big surge in spending, I’m going to put a surcharge on shotgun shells and canned goods./s
Cloward Pivan strategy.