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Discussion Starter #1
It's official: The Obama administration has now borrowed $3 trillion, according to the U.S. Treasury Department.

It took from 1776, when the United States became an independent country, until 1990, the year after the Berlin Wall fell signaling victory in the Cold War, for the federal government to accumulate a total of $3 trillion in debt, according to the Treasury Department. It only took from Jan. 20, 2009, the day President Barack Obama was inaugurated, until Oct. 15, 2010, for the Obama administration to add $3 trillion to the federal debt.

The overall debt of the federal government, according to the Treasury Department, is now $13.666 trillion.

Each business day, in the afternoon, the Treasury Department’s Bureau of the Public Debt publishes the exact amount—to the penny--of total federal debt as of the close of the previous business day.

At the close of business on Jan. 20, 2009, according to the bureau, the total debt of the federal government was $10,626,877,048,913.08. On Oct. 15, 2010, the federal government borrowed an additional $58,979,549,154.06, bringing the total federal debt at the close of Friday’s business day to $13,665,926,643,255.96—an increase of $3,039,049,594,342.88 since President Obama’s inauguration.

As calculated by the Bureau of the Public Debt, the total federal debt includes two major components: debt held by the public, which includes publicly traded securities such as Treasury bonds, and intragovernmental debt, which is money the government borrows from theoretically dedicated funds within the government itself, such as the Social Security trust fund.

The overwhelming majority of the $3.039 trillion increase in the debt under President Obama has come in the form of debt held by the public as opposed to intragovernmental debt. Debt held by the public has increased $2.75196 trillion since Obama was inaugurated, according to the Bureau of Public Debt, while intragovernmnetal debt has increased 287.0889 billion.

http://www.cnsnews.com/news/article/it-s-official-obama-has-now-borrowed-3-t

 

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to me, it's a shell game, and blaming any President is just too convenient.

The simple fact is, Congress and Administrations present and past have spent every damned dime they've gotten their hands on, and then spent another (roughly) seven times their annual income.

On top of that, they've promised another (roughly) 50 or so times their annual income in future payouts.

Anyone crying about some upstart neophyte ousting an entrenched incumbent has to clear a simple hurdle.

How in the Hell can they do any worse???

The reticence of the electorate to throw politicians out, elect statesmen and hold them accountable, are making good government a Utopian dream...something that doesn't exist.

just my opinion, and I ain't gonna argue it. :)
 

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Discussion Starter #3
Nothing to argue. Just pointing out the change that was promised isn't really change at all. You are correct in most of what you say, I just disagree that its a pipe dream to hold elected officials accountable. Your feelings are correct by looking at the past, My only hope is we can change the future.
 

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Borrowing money from the Chinese and other oversea sources just doesn't seem like "paying your fair share". If the government ran on our fair share, thinking that would be a great idea as we'd have no national debt. Saddling future generations with an unpayable debt, mortgaging social security, and generally bankrupting America, that's just plain asinine. If you took that same argument into your personal life, I don't think your creditors would feel you where paying your fair share either. It's more like a Ponzi (sp) Scheme and it seems to me they put people in prison for that.
 

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ItsaBigun said:
22 months... isn't that the gestation period for an elephant? >:D
I bet male elephants hate their lives. 9 months is long enough. Can you imagine how bi#@y a chick elephant gets after 20 or so months? Appalling.
 

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Barack Hussein Obama said:
Juststarting said:
Nothing to argue. Just pointing out the change that was promised isn't really change at all. You are correct in most of what you say, I just disagree that its a pipe dream to hold elected officials accountable. Your feelings are correct by looking at the past, My only hope is we can change the future.
You are absolutely correct, my armchair political advisor.

Because the truth is, I borrowed that much money.. and I will continue to borrow as much as needed to help sustain this country and carry it out of the quagmire it is in, thanks in due part to your fellow republicans. Money is meant to be spent, not saved. If you don't believe in my policies, Perhaps you should study my predecessor Franklin Delano Roosevelt, or your republican godfather... Abraham lincoln. Their spending habits saved this country and the money they burned lit the candle that guided us out of our darkest times.

Now that I have answered your question in full... how about you answer mine? What is wrong with helping people out? What is wrong with paying your fair share? Are you that greedy?
Seriously. Lame.
 

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I cannot believe that folks get up in arms arguing with a ficticious member... I mean really...what does it say when a person argues with a fake post... I am at a loss.

More importantly, yep....20 monhts of pregnancy must suck... I definately don't want to be a male elephant.
 

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Have you ever seen elephants get it on? I have! Once every 20 months is more than enough! In fact it might take that amount of time to recover. In the mean time you could bankrupt everything around you and blame it on everything except failed policy.
 
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