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Political Talk
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Old 01-15-2013, 04:48 PM   #21
MDydinanM
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President Obama, the Democrats, and plenty of Republicans in Congress, would like it if you'd spend the next few weeks talking about gun control. That's because when you are, you're not talking about the country's financial situation.
While I agree that debt talks should be the leading issue that our government should be facing...it's not like Obama & Co planned the Sandy Hook event. But alas, with the impending March deadline, I don't think gun control issues should take precedence over fiscal talks.

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Old 01-15-2013, 08:29 PM   #22
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Obama owns 60% of the national debt that was at $10.6 trillion the day he walked into the WH, and now stands at $16.4 trillion?


Is that republican math?
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Old 01-15-2013, 09:24 PM   #23
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Obama owns 60% of the national debt that was at $10.6 trillion the day he walked into the WH, and now stands at $16.4 trillion?


Is that republican math?
10.6/16.4 = ~ 64%

Either way, whatever the math, technically he, along with Congress, are responsible for solving our debt issue. Obama and Congress inherited GW's debt and since the day he stepped into office, more debt has accumulated.

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Old 01-15-2013, 09:27 PM   #24
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10.6/16.4 = ~ 64%

Either way, whatever the math, technically he, along with Congress, are responsible for solving our debt issue.
If it was 10.6 when he started, and is now currently 16.4, that would mean he added 5.8.

5.8/16.4 = 35%.

If he owned 60% of the current debt, that would mean he added nearly 10 to the total, which isn't true.
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Old 01-15-2013, 09:36 PM   #25
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If it was 10.6 when he started, and is now currently 16.4, that would mean he added 5.8.

5.8/16.4 = 35%.

If he owned 60% of the current debt, that would mean he added nearly 10 to the total, which isn't true.
True, but to me, the math is irrelevant. At the end of the day, it doesn't matter what the number is. Our government has a responsibility to address our debt problems. The President and Congress are responsible for the debt as a whole - including what was inherited.

Like I said:

Quote:
10.6/16.4 = ~ 64%

Either way, whatever the math, technically he, along with Congress, are responsible for solving our debt issue. Obama and Congress inherited GW's debt and since the day he stepped into office, more debt has accumulated.

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Old 01-15-2013, 09:39 PM   #26
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True, but to me, the math is irrelevant. Our government has a responsibility to address our debt problems.

Like I said:

Agreed.
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Old 01-15-2013, 11:03 PM   #27
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If it was 10.6 when he started, and is now currently 16.4, that would mean he added 5.8.

5.8/16.4 = 35%.

If he owned 60% of the current debt, that would mean he added nearly 10 to the total, which isn't true.
Actually, the figure is appropriate:

Net Federal Debt on 1/20/09: 6,307,310,739,681.66
Net Federal Debt on 1/14/13: 11,576,283,283,071.84
Source: http://www.treasurydirect.gov/NP/BPD...application=np

The public debt increased by 5.2 trillion dollars under the President's watch. This represents about 45% of the total, or an increase of 82% over a period of approximately 4 years.

We're lucky that interest rates are so low. But over half our debt has maturity of less than 5 years. If rates rise between now and at the end of the Obama Administration, this has the beginnings of a fiscal... problem (not quite a crisis) in which politicians will most likely be forced to raise taxes quite substantially on everybody.
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Old 01-16-2013, 06:01 AM   #28
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Actually, the figure is appropriate:

Net Federal Debt on 1/20/09: 6,307,310,739,681.66
Net Federal Debt on 1/14/13: 11,576,283,283,071.84
Source: http://www.treasurydirect.gov/NP/BPD...application=np

The public debt increased by 5.2 trillion dollars under the President's watch. This represents about 45% of the total, or an increase of 82% over a period of approximately 4 years.

We're lucky that interest rates are so low. But over half our debt has maturity of less than 5 years. If rates rise between now and at the end of the Obama Administration, this has the beginnings of a fiscal... problem (not quite a crisis) in which politicians will most likely be forced to raise taxes quite substantially on everybody.
If that's the figure they're using, then you're right. However, if they're taking the total public debt outstanding, my figure is accurate, too. Either way, it's a shite load of money.
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Old 01-16-2013, 08:59 AM   #29
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Old 01-16-2013, 11:30 AM   #30
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I use statistics to make my penor bigger.
Doing some analytical statistics this afternoon on a study I'm working on now. Care to provide input? :p
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Europeans are stoopid. They keep splitting countries, while being jealous of our powa. Of course the EU is good for them, but does that have any real power?

Not even mentioning the efficiencies of larger countries.

As divided as this country is, at least we are one.
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Old 01-16-2013, 11:35 AM   #31
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Doing some analytical statistics this afternoon on a study I'm working on now. Care to provide input? :p
If you shave off some of the undesirable data you can add a whole inch of visual significance.
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