Posted on 03/20/2012 7:46:55 AM PDT by tcrlaf
Past results are indicative of future performance
Forecast under Obama: more spending!
Either I'm in an alternate universe, or the libs, perversely, think this is good news. Are libs really that stupid? (probably.....)
LOL, Old Sarge. Nice Post and right on point!!
“A lefty sent me a long email about how when you look at the spending as a function of GDP Obama is still less than Reagan and other presidents. I havent had the time to research and debunk it, but if anyone has seen this and can help me slam this lib down, I would appreciate it......”
Here you go.http://visualeconomics.creditloan.com/presidential-spending-expenditures-by-year/
Your lefty friend is in liar mode big time. Under Obama, it has been the highest since WW2.
And it took cBS over three years to admit this...
MSNBO won’t admit it, even if you put the numbers right in front of them.
Thanks, that helps.
When I got home I did a search. I started with Walmart.
According to Wikipedia: Walmarts CEO makes $35 million.
Walmart has 2.1 million employees.
Doing the math, thats about $17 per person.
According to Forbes, the top 500 CEO's made $4.5 billion.
Just for arguments sake, divide the top 500 CEO's pay, not by TOTAL employees of all 500 companies, but by JUST Walmarts employees.
$4.5 Billion ÷ 2.1 Million = $2 142.86
In other words, just over $1 an hour.
Never trust a liberals "facts"
Shaa-Zamm!-Gomer Pyle. Having mastered the obvisous CBS even moved on to the relevant: It’s a spending problem.
I believe historically the national debt hasn’t gone down since 1957. http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm
The editors must have been on vacation./
It’s just Bush’s policies catching up with us. After all, he did SO much while in office, that it was overwhelming for Obama to tackle it all and he’s still taking his time to fix all the many problems that were left in Bush’s wake.
/sarc
First, total sovereign debt to GDP ratio. We are at the Tipping Point, also known as the Minsky Moment.
Second, we are running a ZIRP just to pay for the interest on the debt.
Third, we are in a long-wave contraction. It's not going to get better any time soon and additional deficit spending will only make it worse.
But, they probably don't follow Ray Dalio, Bill Gross, or Kyle Bass. No doubt they are taking their talking points from that clown, Paul Krugman.
Good summary on what we face: Dangers of Additional Deficit Spending
Good stuff. thanks!
A year ago everyone was talking about the debt hitting $13 trillion. Now it’s already up to $15 trillion.
CBS?
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