17 trillion dollars

What do you mean I forgot about it?

 

So many ways to say you are clueless....
You still haven't shown anything that shows how much of the debt is due to the policies of the Obama Administration.

 

$85bn a month in Capitalist welfare payments for starters ,that's just over a Trillion a year ,all down to the last cent to Obama !

I assume you have heard of this payment to Wall Street!

 

Obama owns right at 7 trillion of the 17 trillion dollars of the US debt. By the time he is out of office he probably will own half of the total national debt. Whats worse he can blame anyone but himself, not even Bush.

 

So what policies did he propose that added this to the debt?

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Really, do you have a link, or something more than the overly vague "Capitalist Welfare Payments", maybe the bill he signed .....

 

OK its called QE,or Quantative easing,and has been the Programme of the US federal reserve for over a year now ,have you been AWAY ,or something,the moon perhaps .

So to many Million links ,
http://www.bing.com/news/search?q=quantitative+easing&qpvt=quantitative+easing&FORM=EWRE

So where have you been for the Last year or so ?
I suppose on human on the planet didn't hear ,were you at the south pole or Greenland .

And yes ,$85bn ,of taxpayers money goes straight into buying Junk Bonds and Shares on Wall Street every Month .

It was supposed to be pulled back by the Reserve ,but hey ,The Money Junkies of Wall Street need to be feed .

The problem is of course ,that the US treasury Doesn't have this kind of cash just hanging around ,so you guessed it they borrow it from China!

Is the 3 180 000 links enough?

 

Why what metric are you using to prove $17 trillion is too much debt? Are you just afraid of large numbers?

 

That added nothing to the debt and was nothing like capitalist welfare payments

 

How did Obama do that?

I was always under the impression that such things happened through Congress.

 

and who writes the budget..submits to congress to pass it and then he signs it?

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you should have learned this in ninth grade government class...or do they not have that class any

 

Ok ,What does the $85 bn , not add to then ?

Whose "bottom Line " is improved ,And are you saying its not happening?

Wall Street doesn't make commodities ,workers in factories do ,and it is $85 bn a month ,or is the Fed reserve and Obama Lying again .

Ps You can read can't you or is the problem Comprehension of what you read?

 

It's your misunderstanding of banking that is the problem. But, you seem overly confident so you'll probably not learn it. By the way how did the banks get $85 billion in interest bearing government assets in the first place? And what is the difference between interest bearing debt as an asset or reserves as an asset?

 

Your ignorance of what is going on is PROFOUND ,its simple ,every Month ,the US Treasury hands over $85 a month to the NYSE,buying Junk bonds and shares from insolvent US Capitalism ,The capitalists ,OR Shareholders ,go YIPPEE, we can off load our Debt ridden Junk status Shares and Bonds to the Government ,for cash.

And the next month and the Next month and the Next month ect ect.

Bailing Insolvent Banks and corporations out of FAILING .

What don't you understand ,and get it right ,its Not one off $85 bn , Its Month in month out ,Totaling a Trillion a Year that's $ 1 000 000 000 000 a year .

What don't you undertand US Capitalism IS BANKRUPT ,and but for the injection by the Fed every month ,the Stock market would Implode ,which it will when this credit bubble bursts ,oh BTW I the Interest rate over 1% yet ?

Wall Street Bankers ,truly get their Money for Nothing and their chicks for free!

 

17 trillion. And the only way to manage it without bankrupting the government is to keep increasing taxes. Perfect, now all the citizens have to pay for the government's idiocy.

But then again, it's not like you elected a government who said "No" so what do you expect?

 

Just to get the uninformed liberals up to speed here, the reason Obama is responsible for the 7 TRILLION dollars he has run up is because he hasnt demanded a budget. His senile hand maiden Reid, running the Senate has seen to it that a real budget has not been passed since Obama was elected. A new House/Senate budget would and should have massive spending cuts. But our dear leader Obama doesnt want that.

 

They debt was 4 trillion when bush left office, 11 trillion whe bush left office, and is currently at 17.

 

Lets ask the obvious question for the US Government ?

Why is Lehmans Bros ,immune from the Market forces that determines the life or death of every other capitalist corporation on the Planet ,Their is No such thing as "TO BIG TO FAIL",Bankruptcy has been a prime mechanism for determining those that are efficient and those that are not ,why is Wall street banks and corporations ,so special as to be bailed out ,when they created the crisis in the first place ,if you or I act criminally ,or negligently ,then the full force of the law is applied ,if you are part of the new Aristocracy of Capitalism ,you not only get away with it ,you get Taxpayer money ,in order to keep you going .

US Capitalism is the most Bankrupt of any in the World ,we are not talking about a "healthy economy " but one in increasing crisis and collapse ,the point is does it take the American people down the Guggler with it?

Because down the guggler it is going ,if China withdrew its funding of US Government debt ,what do you think would happen ,'RECOVERY "ROFL!

Where is that recovery BTW , and as far as Productive Cpital in Goods and services ,well they Comprise only 10% of total capitalisation of the Global stock markets ,the other 90% in value is Debt and Credit.BUBBLE TROUBLE !

Capitalism doesn't work ,open your eyes and see for yourself ,its done ,over Kaput.

NO recovery only Parasitic forms of Criminal accumulation to put value into their own pockets at the expense of the nation .

The US Government ,is the mechanism that diverts National wealth from the Poor to the Mega rich.

That's why over the past decade the greatest income gap between the top 1% and the rest is the greatest in HISTORY ,and getting greater every day in every way!

 

Major fail there cowboy.

You are supposed to explain what policies created the 7 trillion you and the other delusionals are blaming on Obama, and you come up with 85 billion.
That's a little bit more than 1%.
And your heroes in the crazy caucus just blew a third of that in 2 weeks, and got nothing, at least quantitative easing helped the economy....

 

That is 85 billion each month.

 

Before you get all bourgeois Pseudo-Scientific Economics with me ,didn't see the GFC coming now did YOU!

Whereas the www.wsws.org did!

Marxist Economists ,the Scientific Variety .

 

Yep ,That's what Wall Street gets, from Assassin President as Cream from the US Treasury .Litterally, the greatest Heist in History

Every Month till forever ,or hey ,The 3rd American Revolution the Socialist Working Class Republic of America Nth and Sth !

As my Party in the USA ,says from on the spot analysis ,and reportage !

www.wsws.org

 

Thieving Capitalist Maggots of Wall Street , pillage of the National Treasury under the noses of the American people ,Brazen I will give this criminal crew their due ,under estimation of democracy in a Lincoln trained population of Revolutionaries .Not Patriots!

America is Known for REVOLUTION ,like no other Nation except Russia!

 

I am very familiar that all legislation is the responsibility of Congress- that it requires passage through both the House and the Senate- and then it is either signed by the President or not.

Again- how is President Obama responsible for all of this again?

 

Are you in love with large numbers . Large debt that will someday have to be paid. Someday the Piper will force payment or do you think a magic wand will be waved to make it all just go away? Putting this nation's citizens into such massive debt the day they are born should concern everybody that isn't a complete dolt.

 

Obama gets all the credit for the greatest leadership the world has ever witnessed yet the same people offload all responsibility for the negatives onto somebody else. I guess that is a great way to create a "messiah" that can be worshipped as having done no wrong and made no mistakes. Do you have a clue about anything that is going on in the Obama administration?