Tag Archive | "national debt"

So If Liberals Don’t Want To Cut Any Programs, How Do They Plan On Reducing Our National Debt?


I am not a neo conservative republican so don’t affiliate me with those clowns. I’m just curious to see what Liberals plan to do if they have a plan.
I know I’m gonna get insults like conservatives hate poor people or conservatives are warmongers. But again, I am not a fake neo conservative republican. There is a difference between a conservative and a neo conservative ok.

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Why Do Republicans Create A Great Depression And Blame It On Obama?


Republicans controlled the entire govt for 6 years and created a disaster which they blame on Obama.
Between Jan 20, 2001-2009…under Bush’s policies of deregulation, lax regulation enforcement, corporate welfare and a 15% tax rate on stock profits for wealthy people:
Gasoline tripled from 1.44 to 4.11 per gallon (peaked July 2008)
Unemployment skyrocketed 80% from 4.2% to 7.6%…8.2% Obama’s first full month
Dow Jones stock market plunged 25% from 10,587 to 7,949
Budget went from a 236 billion surplus to a 1.3 TRILLION deficit (a 1.5 trillion drop)
National debt doubled from 5.7 trillion to 10.6 trillion (a 4.9 trillion increase)
Borrowed 2.5 trillion for tax cuts for mostly wealthy people
Borrowed a trillion dollars for two fake wars (all hijackers were from saudi arabia)
Borrowed a trillion dollars for Medicare part D which outlawed govt bulk discounts
Trillions in secret Federal Reserve loans to prop up wall street
Economy losing 700,000 jobs monthly – unemployment rate growing 1% every 6 weeks
Economy in total freefall
This is called “common sense conservative government”
Obama inherited a total disaster and it will not be fixed overnight
(feel free to re-post these facts and PROTECT AMERICA FROM REPUBLICANS)

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I’m Sorry, But Why Do All You Cons Keep Calling Out Obama For Increasing The National Debt?


that your republican president created to finance his make daddy happy campaign and to line up more overseas work for his corporate affiliates? I mean, I don’t affiliate with any political party, but I would rather have the guy who creates debt by spending on our own country than the guy who funnels our tax dollars into his own pockets.

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Should Congress Be More Careful About Getting Something For The Money It Spends?


Since Nancy Pelosi became Speaker $5 Trillion has been added to the national Debt. The interest alone on this money will mean that taxpayers in USA for the next 20 generations will be heavily burdened if the debt is not Repudiated. If the debt is repudiated, the US government would cease to exist as a solvent going concern. With no ability to borrow from anybody (even China) and with a FICO score of 200, Uncle Sam would be sleeping at a shelter, and eating at the church kitchen.
But that’s not the problem!
If the US government had gotten $5 Trillion worth of goods, services, or benefits to show for the money it has spent, the country would be a pretty decent shape.
Instead the government appears to have gotten Zero dollars worth of ANYTHING for the $5 Trillion it has spent. Nada, Zilch, Nothing to show for that money.
Karzai at least has got his bags of cash from Iran. He may be playing both sides, like a total crook, but like Bonnie and Clyde at least he’s got bags of money to show for it.
Pelosi has nothing to show for the $5 Trillion.
Here’s why.
When agencies go to the Congress for funding, there is about 30 seconds worth of discussion about what they plan to do with the money, how they will spend it, what benefits will be obtained and by whom. The Official from the Agency then says “We are going to work on that”.
Congress says “Oh, OK fine.”
Then the Congress people start making speeches for the record about how great they are.
This goes on for 3 or 4 days.
Then the stupid agency gets their money.
That’s not how venture capital firms work. If they did work that way, they would be out of business real fast.
Venture capitalists have actually had jobs. They have met payrolls. They have sold products. They have made deals.
They want to know everything about how the money will be used and most particularly they want to know what outcomes will be attained.
If a prospective borrower said “I plan to work on that, let me get back to you on that” he would be shown the door in a New York minute.
No actual plans to obtain any actual benefit it required for Congress to appropriet money.
Why?
Because nobody in USA is authorized to tell Congress how to do its work.
Congress can be as crazy as it wants to be.
It can spend $5 Trillion, get nothing and say “Crazy as I wanna be hahahahaha”
The public is always misled.
The problem is not the spending level. It’s the total and complete lack of getting anything in exchange for that spending. It’s the gettting level, which is zero, that’s a big problem. The country isn’t getting anything except a Chinese Fire drill in Iraq, and another one in Afghanistan, and a VA medical care system that does not work, and the Obamacare Chinese Fire Drill that will cost everybody a bundle and deliver not one single thing to anybody ever.
Making America Succeed is a matter of good venture capitalist skills. If there can be a GAO, why can’t there be a GMO (General Management Office) to make sure Congress gets somehting for the money it spends. We need to go beyond “Accounting” and all the way to Fair Market Value Purchases, what used to be called Contracting Oversight.
Congress has no Contracting Oversight so it spends the People’s money very foolishly, and spends its time taking bribes, arranging future bribes, making tedious speeches about how great the members are, praising each other, reading phony material into the record, and passing earmarks for its buddies and campaign contributors (and we can’t tell because they are secret thanks to Citizen United (Scalia the thug at work)).
Teapot Dome was a squared away and morally straight organization compared to today’s Congress, which is like a house of easy women on old Bourbon street.
And it’s all on your credit card. Is that right? Do you approve of that?

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