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Here's a "counter-argument" to the lead article of this thread.

Note the chart at the end of the article where the author attempts to frame the issue in a different way. Of course, his chart shows significant increases in spending under Obama. Does anybody notice what is left out of his re-framing?

BTW, I'm only posting this because so far the only counter argument anyone has made here involves calculating the amount of quarters in 5 trillion dollars and other trivia...which, although not unexpected, adds nothing to the discussion.

Last edited by Chuck Howard; 05/24/12 01:12 PM.
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It's the Despair Quotient!
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Originally Posted by Ma_Republican
[Linked Image from chiefsplanet.com]


5 Trillion Dollars in new debt!
That is $5T or $5,000,0000,000,000 over the last three and a half year.


If he hasn't been spending it, has he banked it somewhere for a rainy day?

$5,000,000,000,000 is 20,000,000,000,000 quarters, 50,000,000,000,000 dimes or 100,000,000,000,000 nickles.

It represents $16,66667 in debt for every man, woman and child legally living in America. If you limit that debt to the current workforce, around 180,000,000 people and falling, then it represents $27,777.77778 for each American worker.


BUT, Obama and his flunkies has designed a great economic model for Greece er America to follow.

Ma...

1)You appear to be having an orgasm, or a seizure.

2)You appear to be having difficulty reading and comprehending the original post. Is that due to the seizure?

3) Your hair is on fire. [Linked Image from sherv.net]


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It's so very sad when fantasy meets facts.

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In some ways I actually look forward to a Romney presidency.
Republicans have nothing in place that would actually improve the economy. Reducing spending on Americans in need; the poor, the elderly, the young and the sick Americans who make up a sizable portion of our citizenry, will do nothing to improve the economy. Perhaps the answer is to end all spending on people of color, I've seen that mentioned many times as detrimental to the economy as well as to those who receive the assistance...
Perhaps the answer is to privatize Social Security. Turn over the funds to banks and investment firms so that they may more wisely invest them to provide for the futures of all Americans.
The Affordable Healthcare Act will need to immediately be repealed as well as cutting spending on medicaid and medicare. Working Americans and Job Creators should not be penalized through their tax dollars to pay the medical bills racked up by the elderly and the other layabouts who sap the vitality of the more important ventures such as new weapons systems and new wars.
I anxiously await the Romney years when a man who has never had to worry about spending in his life will suddenly become the man who knows how to control spending.
The only way Romney knows how to control spending is by getting rid of excess workers so that management can realize a greater profit.
I look forward to a new era of Republican leadership when once again they will prove that they are incapable of governing effectively.


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Greger, I hope you don't mind if I shamelessly copy and paste your last post elsewhere on the "internets." It's perfect!!!

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I'm flattered that you think my words worth repeating.
Do please help yourself to my maunderings regarding the GOP.


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So we have 2 conflicting articles it looks like.

Phil's WSJ article says..."It didn't happen". And Chuck's article by the "American Enterprise Institute" says..."Yes, Obama did go on spending spree.

Sooooooooooo. Who can we believe?

The WSJ tends to be more on a conservative slant. And the AEI...??? I haven't really looked over their site.


Turn on ANY brand of political machine - and it automatically goes to the "SPIN and LIE CYCLE" wink

Yours Truly - Gregg


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?

I wonder how long it took Mitt Romney to pay off his student loans?


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Austin Ranter, there can be no doubt that the US Government needs to curb spending as well as increase revenue. In truth, I beleive that every American should be willing to do his or her part in this battle to save our economy and our way of life.
Even the poorest among us should be willing to give up some small measure of federal assistance, reduced food stamps less nutritious school lunches, higher copays for medicaid and medicare. The wealthiest corporations should be willing, able, and in fact eager, to end or reduce government subsidies to highly profitable industries so that those industries will remain highly profitable even into the unforeseeable future.
People such as myself, who live on fixed incomes well below the federal poverty level should be willing to pay slightly increased taxes. Perhaps a 1% Federal sales tax on goods and services. The wealthier among us should be willing to do that and more, perhaps to pay more in income taxes or more stringent tax codes regarding their investment incomes.
Every penny spent by government should be heavily scrutinized, no bid contracts become a thing of the past, free trade should be replaced with a fare and equitable tarriff system for imported goods which would in some small way help to increase manufacturing here and keep American dollars inside our borders. There is much that could be done and it will require massive government spending whether it be Democrats or Republicans who do the spending. Both parties are profligate spenders and both parties are responsible for the current mess we're in. Both parties need to get their heads out of their asses and get to work.


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Originally Posted by Chuck Howard
Does anybody notice what is left out of his re-framing?
Reality? Truth? The recession? Two wars? Now there is an author who knows how to lie with - and about - statistics.

It amuses - and frustrates - me that substantive discussion is so easily avoided (in the conservative approach) by simply ignoring any meaningful metric. And reference to GDP is generally a meaningless metric when used as it was in that blog post. Just as Ma R's reference to quarters, etc., is irrelevant. To be clear, whether you like him or not, whether you attribute it to him or not, the economy has improved during Obama's tenure. Use any metric you like... as long as you don't change the metric midstream.


A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich
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