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re: The federal government is 19 trillion in debt

Posted on 2/12/16 at 7:38 pm to
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69894 posts
Posted on 2/12/16 at 7:38 pm to
quote:

The budget deficit has been reduced by two thirds since the last Republican president.










Posted by TT9
Global warming
Member since Sep 2008
82952 posts
Posted on 2/12/16 at 7:40 pm to
quote:

Vols
you'd know budget deficits.
Posted by Shakita Bonita
5-0
Member since Dec 2015
1538 posts
Posted on 2/12/16 at 7:44 pm to
quote:

just wait til we elect bernie


God willing.

quote:

then it'll double


Ladies and gentleman, the mind-blowing ignorance of America.
Posted by secuniversity
Member since May 2015
5680 posts
Posted on 2/12/16 at 7:47 pm to
Federal government can print money. LSU cannot.
Posted by MIZ_COU
I'm right here
Member since Oct 2013
13771 posts
Posted on 2/12/16 at 8:04 pm to
quote:

the Fed is a private firm. Just guess who owns it, along with those other funds.

You say ourselves, but I'm not an ultra-wealthy internationalist aristocrat


The Fed was created by congress. Any and all profits by law go to the Federal govt. It can be changed, or abolished by an act of congress at any time.

We now return you to your regularly scheduled fox news regurgitation.
Posted by Rhino5
Atlanta
Member since Nov 2014
28897 posts
Posted on 2/12/16 at 8:05 pm to
Most states can balance a budget
Posted by genro
Member since Nov 2011
61788 posts
Posted on 2/12/16 at 8:28 pm to
quote:

The Fed was created by congress.
It was created in a smokey room on an island off the coast of Georgia.
quote:

Any and all profits by law go to the Federal govt. 
False. We don't know where they go. The Fed has never been audited.
quote:

It can be changed, or abolished by an act of congress at any time
And yet it won't be they're bought and sold for just like Wilson was
quote:

We now return you to your regularly scheduled fox news regurgitation.
If you think Fox fricking News would ever say any of this or be any source of this type of information, you're beyond help. Jesus Christ.
Posted by MIZ_COU
I'm right here
Member since Oct 2013
13771 posts
Posted on 2/12/16 at 8:48 pm to
I'm no fan of the fed, but if think they can make they govt pay them you are wrong.
Posted by genro
Member since Nov 2011
61788 posts
Posted on 2/12/16 at 9:00 pm to
What? They loan money to our banks (which they get by perfunctorily asking the Treasury to "print" money) then they are owed it back, with interest.
Posted by chadr07
Pineville, Louisiana
Member since Jan 2015
7864 posts
Posted on 2/12/16 at 10:26 pm to
So your saying that we should have done nothing after 9/11?
Posted by narddogg81
Vancouver
Member since Jan 2012
19669 posts
Posted on 2/12/16 at 10:37 pm to
quote:

The budget deficit has been reduced by two thirds since the last Republican president
the national debt has doubled in eight years of obama
Posted by CarolinaCock
South Carolina
Member since Jun 2012
2606 posts
Posted on 2/12/16 at 10:56 pm to
Wrong board
Posted by cmayes56
Alabama
Member since Oct 2015
2843 posts
Posted on 2/13/16 at 12:33 am to
They have to, it's required because states can't print money
Posted by bama1959
Huntsville, AL
Member since Nov 2008
4557 posts
Posted on 2/13/16 at 10:37 am to
quote:

the national debt has doubled in eight years of obama



I'm a heavy republican and I admit Bush sucked on spending too. Obama has also been horrible but you expect that from a liberal socialist. But, both are practically behind us with Obama having less than a year left. The next guy better get it right or we could lose our entire economy and way of life. If you have any money you better go all cash for the next 3-5 years cause its going to get really really ugly. I have one word that should scare crap out of you. It's "demographics".
Posted by coachcrisp
pensacola, fl
Member since Jun 2012
30589 posts
Posted on 2/13/16 at 10:43 am to
quote:

I'm a heavy republican and I admit Bush sucked on spending too. Obama has also been horrible but you expect that from a liberal socialist. But, both are practically behind us with Obama having less than a year left. The next guy better get it right or we could lose our entire economy and way of life. If you have any money you better go all cash for the next 3-5 years cause its going to get really really ugly. I have one word that should scare crap out of you. It's "demographics".


Money ain't gonna be worth shite either. Gold and weapons will be the cornerstones of value in the years to come.
Posted by NardDog
New Orleans
Member since Apr 2015
249 posts
Posted on 2/13/16 at 11:11 am to
Nice Pivot Table
Posted by Latarian
Thug POS
Member since Jul 2010
27604 posts
Posted on 2/13/16 at 11:18 am to
so you're a Louisianan and an America, you double poor.

and if you live in BR you are probably triple poor
Posted by bama1959
Huntsville, AL
Member since Nov 2008
4557 posts
Posted on 2/13/16 at 11:38 am to
quote:

Money ain't gonna be worth shite either. Gold and weapons will be the cornerstones of value in the years to come.


Cash is king during deflation. It doesn't matter how much debt or money we print. If prices keep dropping cash is the best place to be. Unless you know how to short stocks. It's not as easy as you might think but I'm doing it.
Posted by Swoopin
Member since Jun 2011
22030 posts
Posted on 2/13/16 at 11:41 am to
quote:

See that fiscal year 2009 budget, that was bush's last one since the federal fiscal year starts in October of the previous year



This is so fricking stupid. Has to do with the revenues from the economy.

Post a graph of government spending going down.
Posted by oneusairman
somewhereville
Member since Apr 2009
568 posts
Posted on 2/13/16 at 11:47 am to
quote:

The budget deficit has been reduced by two thirds since the last Republican president.


Now that is a perfect example of a low information voter.

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