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God, she can't be serious! "Well, Obama cut the deficit 2/3rds iof what it was when he took office"? Yah, and what was the debt?
and how much does the debt go up daily? who knew we had 40 Trillion in cash just sitting in banks we could take to pay the debt off.She also said she would not add one penny to the debt. That is a straight up lie unless we are going to have a budget surplus in 2017.
Not a chance in hell that happens. If we have a budget deficit in 2017, the debt will increase.
Maybe she doesn't understand finance.
but is going to pay off over a trillion in college debt........contradicted herself within minutesShe also said she would not add one penny to the debt. That is a straight up lie unless we are going to have a budget surplus in 2017.
Not a chance in hell that happens. If we have a budget deficit in 2017, the debt will increase.
Maybe she doesn't understand finance.
i know! but realistically, i see debt as a deficit at this point. what i am getting at is that we had to print up the money to lower the deficit, so technically,,,we are still where we were in 2009.Learn the difference between the debt and the deficit. At this late date it is shameful to not know the difference.
Obama took credit for cutting the deficit. He did....after he tripled it. He established a new baseline in spending that kept raising the debt.
How dumb does she think we all are?
What Obama did was the same as doing a balance transfer on our credit cards while the interest just keeps piling on !!!
Whatever, what she said was true. The debt is worrisome but so many sovereign funds and hedge funds demand treasury bonds that it is not really possible to pay it off. We can sell every t-bill that we decide to auction and it still does not keep up with world wide demand. I bet you thought Obama gets on the phone to China and begs to borrow more, fact is the world's economy depends on our debt to stabilize their money.i know! but realistically, i see debt as a deficit at this point. what i am getting at is that we had to print up the money to lower the deficit, so technically,,,we are still where we were in 2009.Learn the difference between the debt and the deficit. At this late date it is shameful to not know the difference.
The DEFICIT is NOT the National DEBT, the budget deficit is how much more money we spend vs the revenue we take in each year, including what we take in Social security.
How dumb does she think we all are?
What Obama did was the same as doing a balance transfer on our credit cards while the interest just keeps piling on !!!
Your thread title exposes your ignorance. You don't know debt and deficit are different. Wow!
How dumb does she think we all are?
What Obama did was the same as doing a balance transfer on our credit cards while the interest just keeps piling on !!!
If Gingrich wasn't speaker her husband would have run up the deficit.
How dumb does she think we all are?
What Obama did was the same as doing a balance transfer on our credit cards while the interest just keeps piling on !!!
It was called Contract for America.If Gingrich wasn't speaker her husband would have run up the deficit.
I wish I could give this 1000 agrees.
This is spot on. Bill Clinton didn't balance the budget in a vacuum by himself n his garage with power tools. The Republican Congress passed the laws that drove the economy and limited spending.
Debt vs deficit.
How dumb does she think we all are?
What Obama did was the same as doing a balance transfer on our credit cards while the interest just keeps piling on !!!
Concentrate, the debt is a major stabilizing factor in the world's monetary system. If we paid it off and stopped being the currency reserve for the world there is a very real chance the global economy would collapse. America has never failed to pay a bond it has sold, and there is really no way to default on any bond ever unless the economically retarded republicans start trying to fuck with it.why cant we just print up 20 Trillion Dollars, and just pay off the debt? well, either that or just sell California/Oregon/Wash. to China for 20T.
Hillary Says Obama Cut The Deficit? The Deficit is 20 Trillion Dollars !!!
