Quick, someone explain to me why Obama has fucked us

  • Thread starter Thread starter Madwolf
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The Obama administration has released new deficit numbers, and they are not pretty.

The deficit for fiscal year 2009, which ended Sept. 30, came in at a record $1.42 trillion, more than triple the record set just last year.

In addition, future deficits are currently projected to total $9.1 trillion in the coming decade.


Yea for successful obamanomics!
 
given what he is working with he's accomplished a fucking lot.

No one accomplished shit for major health care reform in 100 fucking years of repeatedly trying.
 
The US is adding jobs, the GDP is growing and Americans are slowly starting to save.

Sounds like the right direction to me.
 
Yea, the guy won the office and company's just started laying people off and the economy collapsed for new reason. Get real dude.
 
Well damn, lets elect presidents for 20 year terms, if we can't expect them to implace effective policies within their first 2 years of a 4 year term.
 
Next thing you'll be saying is this shit takes time. Get out of here with that crazy talk.
 
Obama is a corrupt politician and people need to arm themselves. There is no way to argue it, he has shown his true colors.
 
obama can only rally democrats together, he can't tell them what to do. in the end, they make the laws that deliver "change" not the president.

bunch of retarded political monkeys can't understand that.
 
May be I don't notice because I live in Kentucky. You go outside the city, trailer park, come back home, house. Everything seems good.
 
he made a huge change and made health care a government regulated industry. That is a huge amount of progress even if it doesn't contain everything.
 
Health care, financial regulator reform, and immigration reform are HUGE bills to work on and 2/3 of those are basically completed. the only thing keeping them from being better bills and more comprehensive reforms is that one party won't participate unless they get an industry sweet heart deal from the start, even when they essentially introduced the exact same bills in the past (financial regulator reform excluded)
 
American Jobs and Closing Tax Loopholes Act

At least educate yourself if you are going to argue a point.
 
Yeah, we are doing super with this whole economic plan. Anyone can appear prosperous as long as they have credit, but what happens when the bill is due and you don't have the income to pay?
 
What?


Suppose you want to spend more money this month than your income. This situation is called a "budget deficit". So you borrow (ie; use your credit card). The amount you borrowed (and now owe) is called your debt. You have to pay interest on your debt. If next month you don't have enough money to cover your spending (another deficit), you must borrow some more, and you'll still have to pay the interest on the loan. If you have a deficit every month, you keep borrowing and your debt grows. Soon the interest payment on your loan is bigger than any other item in your budget. Eventually, all you can do is pay the interest payment, and you don't have any money left over for anything else. This situation is known as bankruptcy.
 
The idea isn't to wave a magic wand and make everything better. The idea is to put a foot in the right direction and hope no one screws it up.
 
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