Originally Posted By: dontomasso
Originally Posted By: LittleNicky
Oh yea, the two programs that have now put the US on the brink of insolvency:
http://www.zerohedge.com/news/2013-01-02/total-debt-1643273005056912-debt-gdp-103

http://online.wsj.com/article/SB10001424127887323353204578127374039087636.html

With that record of deficit spending on these entitlements, I can totally see why any opposition to them is ridiculous and has no merit.

Obamacare will not work, and as many democrats were pointing out before and after enactment, will result in crisis followed by single payer. Jesus, at least single payer kind of works before insolvency- now we have the worst of all possible worlds.


Hate to rain on your parade, but the deficit is coming down. Just like Clinton saved us from the train wreck Reagan left, Obama has saved us from the train wreck Bush left.


You maybe happy to rain on our parade, but I'm happy to rain on yours. The deficit is an accounting fiction that is irrelevant to the real world. It's what Obama defenders resort to when they ignore the reality of the massive federal debt that Obama as worsened by TRILLIONS.

Let me make this clear. For all your Bush-bashing (I'm no fan of his economic policies, although they were better than Obama's), here's the reality: in ONE TERM Obama INCREASED the NATIONAL DEBT MORE than what Bush did in TWO TERMS. Let me put that another way: It took Obama less than four years what it took Bush to do in eight.

Also, under Obama, the nation's credit rating was downgraded FOR THE FIRST TIME IN AMERICAN HISTORY.

How about this? For the first time, again under Obama, spending is more than 100% of GDP. It is actually 103% of GDP, meaning we are spending $1.03 for every dollar we earn.