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Interest costs will make up entire deficit in five years, White House projects
MarketWatch ^
| 02/09/2016
| Greg Robb
Posted on 02/09/2016 10:16:20 AM PST by aimhigh
click here to read article
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To: PGR88
Printed money is the most sacred deity to Leftists, because they come from a school of ‘thinking’ where money grows on trees.
21
posted on
02/09/2016 10:41:56 AM PST
by
Objective Scrutator
(All liberals are criminals, and all criminals are liberals)
To: aimhigh
Under the White House budget, the national debt will increase from $19 trillion to more than $27 trillion over the next decade. But the debt will remain stable relative to the economy, hovering around 75% of gross domestic product.
22
posted on
02/09/2016 10:45:36 AM PST
by
kabar
To: aimhigh
Private Citizen Obama will always Be Broke
To: aimhigh
The ferals have our country between a rock and a hard place. Raise interest rates...increase the debt. Hardworking Americans have little avenues for safe investments. At the present, we cannot produce enough GDP to dig ourselves out of this hole. Cut taxes...increase the national debt.
We need dramatic cuts in federal spending, cuts in every federal agency except defense and a huge overhaul of SS, Medicare, Medicaid to make a dent. Approx. .70 cents of every dollar goes to social programs. The ferals face 60 Trillion or more in promised benefits they will never honor.
Monumental fiscal mismanagement. It's criminal.
To: NorthMountain
0bama and his handlers. Their plans are proceeding just fine ... ... with the full support of the GOPEs/RINOs of the "opposition party" (e.g., McConnell; Boehner ... oops! I mean Ryan, but you see the interchangeablility of the two duplicitous House "leaders").
25
posted on
02/09/2016 10:50:39 AM PST
by
glennaro
To: aimhigh
Krugman says we can print more $s.
26
posted on
02/09/2016 10:51:05 AM PST
by
zek157
To: glennaro
You mean Johnny Ryan and Paul Boehner? Yeah, their handlers, and Turtle-Face McConnell’s handlers are in on the scam.
27
posted on
02/09/2016 10:53:19 AM PST
by
NorthMountain
("The time has come", the Walrus said, "to talk of many things")
To: aimhigh
Move along, nothing to see, just the natural proceedings of a debt based monetary system. All of this is, and was expected. and yes mathematics prescribe that it will get much much worse before it collapses under it’s own weight.
28
posted on
02/09/2016 10:59:16 AM PST
by
eyeamok
To: aimhigh
Saul Alinsky's Doctrine, 3d step
29
posted on
02/09/2016 11:06:25 AM PST
by
Iron Munro
(The wise have stores of choice food and oil but a foolish man devours all he has. Proverbs 21:20)
To: tanknetter
I'm don't think that straight-up wealth confiscation would work either. There just isn't enough. On the US Debt Clock website, it shows the total Corporate Assets at $22.4 trillion. Total household assets = $83.3 trillion.
30
posted on
02/09/2016 11:13:02 AM PST
by
aimhigh
(1 John 3:21)
To: builder
President Three Putt has officially "fundamentally changed" us... To be fair, Bush II also greatly increased the federal deficit, as did Bush's predecessor, etc., etc. This gross irresponsibility is not limited to Obama, or to the Democrats.
The only thing you can say about the GOP is that there is a minusculely small chance that they could fix things.
31
posted on
02/09/2016 11:14:42 AM PST
by
Leaning Right
(Why am I holding this lantern? I am looking for the next Reagan.)
To: kabar
Under the White House budget, the national debt will increase from $19 trillion to more than $27 trillion over the next decade. But the debt will remain stable relative to the economy, hovering around 75% of gross domestic product. Interesting. But there's a flaw in all that. The national debt will increase at a rather predictable rate. But one cannot be sure that the GDP will increase at that same rate. Heck, the GDP can even decrease as the debt increases.
32
posted on
02/09/2016 11:19:14 AM PST
by
Leaning Right
(Why am I holding this lantern? I am looking for the next Reagan.)
To: pilgrim
What troubles me is
Congress was an accomplice!!!!!
They aided this destruction!!!
They are more than accomplices..they are the architects.
All spending originates in the House. Both houses are a disgrace...shameful what they have done.
33
posted on
02/09/2016 11:24:56 AM PST
by
AFret.
To: aimhigh
I was limiting myself more to 401ks and the like.
The politicians will never go after the assets of the Corps who fund them. Going after 401Ks would be problemmatic enough, go much further on the private asset side and the 350 million or so privately owned firearms start coming into play.
To: aimhigh
AND said with such obvious pride.
35
posted on
02/09/2016 11:32:12 AM PST
by
Cyman
To: tanknetter
May not work, not enough for the debt, but that is where the money is!! And easier than raising taxes!!
It will be done, if it is done, under the same Nanny state thinking and promotion.....We are doing this for you, we will protect your money from the filthy rich, dirty, etc, bankers and money advisors and invest it in gov and make sure your money is SAFE!!!!
It may be the straw that breaks things lose. Have no idea there.
36
posted on
02/09/2016 11:34:24 AM PST
by
pilgrim
To: Leaning Right
37
posted on
02/09/2016 11:35:20 AM PST
by
kabar
To: aimhigh
Even Stevie Wonder could see that one coming.
38
posted on
02/09/2016 11:35:28 AM PST
by
exit82
("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
To: AFret.
The deceit Congress shows is beyond belief. We did the best we could with what we had!!!!!!!
Will leave it there before saying something BAD!!!!!!!!!! lol!!!
39
posted on
02/09/2016 11:36:33 AM PST
by
pilgrim
To: aimhigh
40
posted on
02/09/2016 11:41:25 AM PST
by
SoFloFreeper
(I am undecided between Carson, Cruz, Rubio & Trump...)
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