Stupid President says the dumbest things

[CrusaderFrank]

He's dumber that Dan Quayle. Without the 24/7 air support form the LMSM he'd be the punchline on every late night talk joke

 

[Soggy in NOLA]

Obama's a clueless buffoon... this is well established.

 

[Sallow]

Maybe the OP can explain, what is a Bond ... not exactly a new concept in a Capitalist society.

Maybe you can explain how that matters given the enormity of the debt we have, how fast and enormously it is growing and the crushing weight of the deficit under which we operate.

What's it "crushing"?

 

[Soggy in NOLA]

He's dumber that Dan Quayle. Without the 24/7 air support form the LMSM he'd be the punchline on every late night talk joke

Ain't that the truth...

 

[CrusaderFrank]

See, I don't believe he ever attended a class at Harvard, he just showed up for the class picture for hie "Presidency" of the Law Review

 

[The2ndAmendment]

Isn't that what Greece said to its people?

http://www.usmessageboard.com/politics/283372-the-national-debt-mortgaging-our-future.html

 

[Mr. Shaman]

Stupid President says the dumbest things

Absolutely!!!!​

"It's very interesting when you think about it, the slaves who left here to go to America, because of their steadfast and their religion and their belief in freedom, helped change America." - Dakar, Senegal, July 8, 2003

BUSHISMS - An American Tradition​

 

[The2ndAmendment]

Maybe the OP can explain, what is a Bond ... not exactly a new concept in a Capitalist society.

Maybe you can explain how that matters given the enormity of the debt we have, how fast and enormously it is growing and the crushing weight of the deficit under which we operate.

What's it "crushing"?

http://www.usmessageboard.com/politics/283372-the-national-debt-mortgaging-our-future.html

 

[Sallow]

Maybe you can explain how that matters given the enormity of the debt we have, how fast and enormously it is growing and the crushing weight of the deficit under which we operate.

What's it "crushing"?

http://www.usmessageboard.com/politics/283372-the-national-debt-mortgaging-our-future.html

Again..what's it crushing.

And who did you vote for in 2000 and 2004?

 

[Ernie S.]

And in the long list of absurd, ridiculous and stupid things muttered by Obama, this latest has GOT to be on a short list for one of the most asinine (even by his standards):

The IMBECILE in CHIEF is quoted as saying, now, that

“We don’t have an immediate crisis in terms of debt ” * * * “In fact, for the next 10 years, it’s gonna be in a sustainable place.”

President Obama: There Is No Debt Crisis - ABC News

What a bubbling tool.

He's right.

And he knows he can depend on fools like you to support whatever dumb-shit ideas he gets while buzzed.

Is he still doing coke?

 

[rightwinger]

And in the long list of absurd, ridiculous and stupid things muttered by Obama, this latest has GOT to be on a short list for one of the most asinine (even by his standards):

The IMBECILE in CHIEF is quoted as saying, now, that

“We don’t have an immediate crisis in terms of debt ” * * * “In fact, for the next 10 years, it’s gonna be in a sustainable place.”

President Obama: There Is No Debt Crisis - ABC News

What a bubbling tool.

What is the immediate crisis of our debt that we need to jeopardize the economic recovery?

 

[g5000]

And in the long list of absurd, ridiculous and stupid things muttered by Obama, this latest has GOT to be on a short list for one of the most asinine (even by his standards):

The IMBECILE in CHIEF is quoted as saying, now, that

“We don’t have an immediate crisis in terms of debt ” * * * “In fact, for the next 10 years, it’s gonna be in a sustainable place.”

President Obama: There Is No Debt Crisis - ABC News

What a bubbling tool.

It is not a stupid statement at all; it's an accurate depiction of reality. If some of you had any clue about economics you would understand that the only real deficit crisis we face is the one caused by long term liabilities due to future SS and Medicare spending. The vast majority of our current deficit is due to high unemployment. We are taking in much less than normal and paying out much more than normal all for the same reason, because so many people are out of work. The problem is that cutting taxes is not the answer to getting people back to work, because it will actually create bigger deficits and lead to less government spending, which is a good percentage of the economy.

If you look back at how Ronald Reagan worked us out of the recession in the 80's, you will see that a big part of his solution was to increase government spending, not to cut it. Maybe Reagan wasn't the ultra conservative you all thought he was.

The Deficit: Not as Bad as They Want You to Think - Bloomberg

The trick is not to increase spending at a rate which exceeds the growth of the economy.

Reagan succeeded, Obama is failing miserably.

 

[g5000]

And in the long list of absurd, ridiculous and stupid things muttered by Obama, this latest has GOT to be on a short list for one of the most asinine (even by his standards):

The IMBECILE in CHIEF is quoted as saying, now, that

“We don’t have an immediate crisis in terms of debt ” * * * “In fact, for the next 10 years, it’s gonna be in a sustainable place.”

President Obama: There Is No Debt Crisis - ABC News

What a bubbling tool.

What is the immediate crisis of our debt that we need to jeopardize the economic recovery?

The markets don't give you a warning before they start demanding higher interest on the loans they make. History shows that such changes are sudden and ferocious, and occur when debt to GDP exceeds 90 percent.

Guess where we are now.

And as someone pointed out, Obama said in 2008 our national debt was a threat to our national security.

Now that we are SIX TRILLION DOLLARS MORE IN DEBT than when he said that, how is our national security suddenly not threatened any more?

 

[Mr. Shaman]

And in the long list of absurd, ridiculous and stupid things muttered by Obama, this latest has GOT to be on a short list for one of the most asinine (even by his standards):

The IMBECILE in CHIEF is quoted as saying, now, that



President Obama: There Is No Debt Crisis - ABC News

What a bubbling tool.

He's right.

And he knows he can depend on fools like you to support whatever dumb-shit ideas he gets while buzzed.

Is he still doing coke?

 

[g5000]

It is very simple.

We can set the terms of our austerity today; or China, Japan, Brazil, and the United Kingdom will set the terms of our austerity tomorrow.

 

[g5000]

Maybe the OP can explain, what is a Bond ... not exactly a new concept in a Capitalist society.

I can tell you whatever you want to know about bonds, including that we are in a massive bond bubble right now.

So what would you like to know?

 

[IlarMeilyr]

He's right.

No. He's just saying what he wants to be true and he has not the foggiest notion if he's as "right" about that as he was when he assured us all that he'd close GITMO.

And he's wrong anyway. The problem is already effectively out of fucking control. It will get much more massive (especially under his "leadership"), and that is far from good or sustainable.

Well no he's right.

Additionally the deficit's been going down each year after 2009. And as long as you can service the debt..it's not a problem.

The "problem" is when you have folks threatening to default on payments.

THAT'S a problem.

Well, no. He's wrong.

The deficits add up and get added to the total debt and it is far too massive already.

Plus, if economists would stop using phony numbers, we'd probably all be better off. They tend to pretend that the unfunded mandates aren't a serious problem since we can -- they say -- simply legislate those debts away? It's not clear what they say in that regard, frankly. And it sure isn't clear how it would "work."

What IS known is that even without considering the unfunded and off-budget part of our national debt, that massive debt is now over 16 Trillion dollars and growing at roughly 1.5 trillion per year. And that kind of massive debt DOES have serious consequences. The value of the dollar drops to help defray the cost of repaying the debt. The interest payments are exorbitant. They are ravenous monsters who have to be fed. the tax dollars we collect cannot be spent on necessary programs. Instead, huge portions of it have to be expended to cover interests payments (and if, by magic, we have any left after other needed expenditures) possibly even to pay down principle.

I know I can find it later, but I also recall a warning about the MILITARY threat we confront ourselves with by having such an out of whack massive debt.

No. Obama is not just wrong, he is WAY the fuck wrong.

 

[g5000]

If you take the revenues collected, and then pay for non-discretionary spending, which are the entitlement programs and interest on the national debt, there is no money left over for anything else.

The money spent on national defense is deficit spending. The money spent on roads and bridges and studies of fat lesbians is deficit spending.

 

[rightwinger]

And in the long list of absurd, ridiculous and stupid things muttered by Obama, this latest has GOT to be on a short list for one of the most asinine (even by his standards):

The IMBECILE in CHIEF is quoted as saying, now, that



President Obama: There Is No Debt Crisis - ABC News

What a bubbling tool.

What is the immediate crisis of our debt that we need to jeopardize the economic recovery?

The markets don't give you a warning before they start demanding higher interest on the loans they make. History shows that such changes are sudden and ferocious, and occur when debt to GDP exceeds 90 percent.

Guess where we are now.

And as someone pointed out, Obama said in 2008 our national debt was a threat to our national security.

Now that we are SIX TRILLION DOLLARS MORE IN DEBT than when he said that, how is our national security suddenly not threatened any more?

Just curious..

What was the interest rate historically when debt to GDP exceeded 90% ?

Reagans debt was payable at a rate over 10% it is now around 1% interest

 

[Sallow]

It is very simple.

We can set the terms of our austerity today; or China, Japan, Brazil, and the United Kingdom will set the terms of our austerity tomorrow.

Actually..

That will happen if we don't invest in education, infrastructure and new tech.

They definitely will be eating our lunch.