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Posted: 3/6/2015 2:30:36 PM EDT
[#1]
Well, it looks like zero has fundamentally transformed America. Where is his 'mission accomplished' banner?
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Posted: 3/6/2015 2:32:09 PM EDT
[#2]
Forward!!!!1!
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Posted: 3/6/2015 2:33:08 PM EDT
[#3]
What is new..... The America we loves is on her deathbed.
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Posted: 3/6/2015 2:33:39 PM EDT
[#4]
We hit over 100% during 1945, didn't we?
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Posted: 3/6/2015 2:34:23 PM EDT
[#5]
Oh wait... 
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Posted: 3/6/2015 2:36:36 PM EDT
[#6]
Our First Fabian is fiddling! Cloward/Piven here we come!
That said, I heard that when hyperinflation happens government will feed your family in exchange for housing a Honduran Dreamer baby so we should all be OK. |
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Posted: 3/6/2015 2:36:50 PM EDT
[#7]
Don't worry about it-the Republicans control the House.
No way they will vote to raise the debt "ceiling" again this year.The party of fiscal responsibility will be kicking some ass any day now........ |
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Posted: 3/6/2015 2:39:52 PM EDT
[#8]
Quote HistoryQuoted: Well, it looks like zero has fundamentally transformed America. Where is his 'mission accomplished' banner?  |
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Posted: 3/6/2015 2:43:01 PM EDT
[#9]
Quote HistoryQuoted: Well, it looks like zero has fundamentally transformed America. Where is his 'mission accomplished' banner? If only we could go back to those heady, pre-obama days when the government was fiscally responsible. |
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Posted: 3/6/2015 2:43:28 PM EDT
[#10]
Quote HistoryQuoted:
Don't worry about it-the Republicans control the House. No way they will vote to raise the debt "ceiling" again this year.The party of fiscal responsibility will be kicking some ass any day now........ Shit man, you broke my sarcasm meter! 
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Posted: 3/6/2015 2:45:48 PM EDT
[#11]
Deficits don't matter!
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Posted: 3/6/2015 2:47:12 PM EDT
[#12]
We are too big to fail.
Maybe Germany will float us a loan.
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Posted: 3/6/2015 2:47:29 PM EDT
[#13]
Just wait when the interest rates go up.....
We'll become like Greece on a huge scale. |
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Posted: 3/6/2015 2:47:42 PM EDT
[#14]
Quote HistoryQuoted:
Don't worry about it-the Republicans control the House. No way they will vote to raise the debt "ceiling" again this year.The party of fiscal responsibility will be kicking some ass any day now........ 
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Posted: 3/6/2015 2:48:02 PM EDT
[#15]
Been that way for a while.
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Posted: 3/6/2015 2:48:18 PM EDT
[#16]
Bro, don't worry bro, as long as you have a highspeed technical job you'll be ok, bro.
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Posted: 3/6/2015 2:54:37 PM EDT
[#17]
Quote HistoryQuoted:
What is new..... The America we loves is on her deathbed. The entire world is in for a major reset one of these days. I just hope we live through it. |
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Posted: 3/6/2015 2:54:43 PM EDT
[#18]
Quote HistoryQuoted:
If only we could go back to those heady, pre-obama days when the government was fiscally responsible. Quote HistoryQuoted:
Quoted:
Well, it looks like zero has fundamentally transformed America. Where is his 'mission accomplished' banner? If only we could go back to those heady, pre-obama days when the government was fiscally responsible. The debt, under Obama, has increased more in 6 years than all other presidents combined. |
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Posted: 3/6/2015 2:55:11 PM EDT
[#19]
FBO
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Posted: 3/6/2015 2:56:51 PM EDT
[#20]
Isn't that a major predictor for when civilizations fall?
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Posted: 3/6/2015 2:57:44 PM EDT
[#21]
Quote HistoryQuoted:
The entire world is in for a major reset one of these days. I just hope we live through it. Quote HistoryQuoted:
Quoted:
What is new..... The America we loves is on her deathbed. The entire world is in for a major reset one of these days. I just hope we live through it. There won't be any reset. Certain countries will, however, experience a lower standard of living, as has happened in Greece. |
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Posted: 3/6/2015 2:58:44 PM EDT
[#22]
Quote HistoryQuoted:
The debt, under Obama, has increased more in 6 years than all other presidents combined. Quote HistoryQuoted:
Quoted:
Quoted:
Well, it looks like zero has fundamentally transformed America. Where is his 'mission accomplished' banner? If only we could go back to those heady, pre-obama days when the government was fiscally responsible. The debt, under Obama, has increased more in 6 years than all other presidents combined. Free stuff for your voters and paying your cronies costs money |
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Posted: 3/6/2015 3:04:22 PM EDT
[#23]
I'm not really sure the debt-to-GDP ratio is as important of a metric as what proportion of our GDP it takes to service that debt. I still think we're way too much in debt, don't get me wrong - I just don't think this is a significant milestone. I think we passed a lot of those a long while back.
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Posted: 3/6/2015 3:04:53 PM EDT
[#24]
That a problem?
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Posted: 3/6/2015 3:05:57 PM EDT
[#25]
Quote HistoryQuoted:
That a problem? Only under Bush. Under bush, debt was bad. Under Obama, debt is good. I have been assured by some "educated" liberals that is the case Remember the debt counter that used to run on the news every day? |
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Posted: 3/6/2015 3:08:17 PM EDT
[#26]
Everyone agrees that the Monopoly Money has value, so it does.
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Posted: 3/6/2015 3:13:01 PM EDT
[#27]
But BUT BUT BUT unemployment is at 5.5%
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Posted: 3/6/2015 3:21:46 PM EDT
[#28]
I am sure Germany (your homeland) was well over that.
Quote HistoryQuoted: We hit over 100% during 1945, didn't we? |
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Posted: 3/6/2015 3:22:35 PM EDT
[#29]
Japan has been there for a while now. Welcome to the party
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Posted: 3/6/2015 3:23:25 PM EDT
[#30]
Quote HistoryQuoted:
Just wait when the interest rates go up.....
We'll become like Greece on a huge scale. Unlike Greece, we actually have a strong economy with vast natural resources... |
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Posted: 3/6/2015 3:24:34 PM EDT
[#31]
Quote HistoryQuoted:
There won't be any reset. Certain countries will, however, experience a lower standard of living, as has happened in Greece. Quote HistoryQuoted:
Quoted:
Quoted:
What is new..... The America we loves is on her deathbed. The entire world is in for a major reset one of these days. I just hope we live through it. There won't be any reset. Certain countries will, however, experience a lower standard of living, as has happened in Greece. Eventually there will be. It's inevitable, just based on human history. Eventually could mean in a thousand years, though. |
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Posted: 3/6/2015 3:27:30 PM EDT
[#32]
Quote HistoryQuoted:
Unlike Greece, we actually have a strong economy with vast natural resources... Quote HistoryQuoted:
Quoted:
Just wait when the interest rates go up.....
We'll become like Greece on a huge scale. Unlike Greece, we actually have a strong economy with vast natural resources... And unless Mexico get;s out of hand we normally don't have to rebuild things that get bombed during wars. |
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Posted: 3/6/2015 3:27:36 PM EDT
[#33]
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Posted: 3/6/2015 3:32:24 PM EDT
[#34]
Quote HistoryQuoted:
I'm not really sure the debt-to-GDP ratio is as important of a metric as what proportion of our GDP it takes to service that debt. I still think we're way too much in debt, don't get me wrong - I just don't think this is a significant milestone. I think we passed a lot of those a long while back. In the very near future we will be spending more on interest payments than in defense. https://www.cbo.gov/publication/45684 We spent $520 billion on defense in 2014, we spent around $230 billion on interest payments. |
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Posted: 3/6/2015 3:37:32 PM EDT
[#35]
Quote HistoryQuoted:
If only we could go back to those heady, pre-obama days when the government was fiscally responsible. Quote HistoryQuoted:
Quoted:
Well, it looks like zero has fundamentally transformed America. Where is his 'mission accomplished' banner? If only we could go back to those heady, pre-obama days when the government was fiscally responsible. Each administration outdoes the previous in expanding the gov and increasing spending. I honestly don't think Romney would have been much different,just the players bitching vs defending would be swapped. Like Senator Obama bitching about raising the debt "ceiling" under Bush,then the republicans bitching about raising it under Obama.
A real nail biter as to the outcome................. |
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Posted: 3/6/2015 3:38:09 PM EDT
[#36]
LET IT RIDE BABY!
 FULL SPEED AHEAD!
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Posted: 3/6/2015 3:45:30 PM EDT
[#37]
part of me wonders when the right time will be to take my 401k and cash it out. Retirement isn't much good if the currency goes hyper inflation ala Germany or Zimbabwe.
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Posted: 3/6/2015 3:49:49 PM EDT
[#38]
Don't say $18T or $18 trillion. Write it out with zeros when you write about the debt.
$18,000,000,000,000. |
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Posted: 3/6/2015 3:53:11 PM EDT
[#39]
Quoted:
We just went over $18 trillion in National Debt, our current GDP is around $16.7 trillion: http://www.aol.com/article/2015/03/06/lew-tells-congress-of-emergency-measures-to-avoid-debt-limit/21150540/?icid=maing-grid7%7Cmain5%7Cdl1%7Csec1_lnk3%26pLid%3D623927 Debt vs GDP for the last few decades: http://research.stlouisfed.org/fred2/series/GFDEGDQ188S Short of a total economic reset we are never going to recover. Greece......simply refuse to pay....what is anybody going to do? |
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Posted: 3/6/2015 3:53:23 PM EDT
[#40]
There are always 401Ks ripe for the taking if the gov needs money.
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Posted: 3/6/2015 4:09:01 PM EDT
[#41]
Quote HistoryQuoted:
part of me wonders when the right time will be to take my 401k and cash it out. Retirement isn't much good if the currency goes hyper inflation ala Germany or Zimbabwe. The administration likes your idea, they get tons of money when people cash out early. Posted Via AR15.Com Mobile |
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Posted: 3/6/2015 4:28:03 PM EDT
[#42]
There's room to trim everywhere. |
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Posted: 3/6/2015 4:34:46 PM EDT
[#43]
It doesn't really matter it seems. We have always been in debt up to our eyeballs. Never going to change.
Besides, if we decide not to pay, it's not like they can repo anything.
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Posted: 3/6/2015 4:37:35 PM EDT
[#44]
Quote HistoryQuoted:
part of me wonders when the right time will be to take my 401k and cash it out. Retirement isn't much good if the currency goes hyper inflation ala Germany or Zimbabwe. Have you thought about getting a technical skill? I hear you'll flourish 
We'll probably look a lot like the UK in a few years. |
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Posted: 3/6/2015 5:03:24 PM EDT
[#45]
TL;DR is going to have consequences.
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Posted: 3/6/2015 7:34:38 PM EDT
[#46]
Quote HistoryQuoted:
http://ourblog.militaryauthority.com/images/militaryauthority.com_federal-budget-breakdown.png There's room to trim everywhere. LOL,"You don't understand how politics work" No ones gonna trim anything.
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Posted: 3/6/2015 7:45:18 PM EDT
[#47]
Quote HistoryQuoted:
There won't be any reset. Certain countries will, however, experience a lower standard of living, as has happened in Greece. Quote HistoryQuoted:
Quoted:
Quoted:
What is new..... The America we loves is on her deathbed. The entire world is in for a major reset one of these days. I just hope we live through it. There won't be any reset. Certain countries will, however, experience a lower standard of living, as has happened in Greece. Holy shit I agree with Sven. |
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Posted: 3/6/2015 8:27:00 PM EDT
[#48]
Merica wins again.
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Posted: 3/9/2015 4:32:12 PM EDT
[#49]
Quote HistoryQuoted:
LOL,"You don't understand how politics work" No ones gonna trim anything.
Quote HistoryQuoted:
Quoted:
http://ourblog.militaryauthority.com/images/militaryauthority.com_federal-budget-breakdown.png There's room to trim everywhere. LOL,"You don't understand how politics work" No ones gonna trim anything.
Well of course not, but I can still point out the obvious.
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Posted: 3/9/2015 5:03:59 PM EDT
[#50]
I hope they double spending next year to 36 trillion and triple it the year after.
I'm tired on being one of the few left that gives a shit. With the new GOP congress now rubber stamping spending I give up. Fuck it, I want them to increase spending, give limos and mansions to welfare moms and illegals and give for full college tuition to everyone in China. I just read on Drudge that 6.5 million people have active social security numbers over the age of 112 years old. I'm sure they are all voting with those dead peoples ID's too. The quicker we let them spend themselves into a collapse the better. I hope it comes soon and is a very hard crash. |
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