Obama: 'Trillion-Dollar Deficits For Years'

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Is that the best you've got...over the last 8 years the Replublicans spent more money than ever before. Bush has spent billions on war...one of them trumped up. Thousands of lives lost and for what? So, he can get up and say on national tv that "well we haven't been attacked since 9/11". What a joke.

He spent at least 1.5 TRILLION on Fannie and Freddie alone....+ another trillion or better on Iraq + a conservative 700billion on bailouts and you are talking about socialism with Obama...

Lets see since bush came to office we are almost shunned in the world stage, of course you xenophobes probably think thats good.

What good has come of the bush II presidency? Better economy, no, better world relations, no, better conditions for the American people, no, world a safer place...no

Neo of GA 8:10AM January 16, 2009

plus or minus,

Was not the last 'rebate' the people received averaged in at 1,000 and cost the very same taxpayers 50 billion? If we are to continue in the pattern that our leaders are legislating us into, pehaps some interesting mathematical derivations are in order:

Let us suppose that 'we', 'the people', do hereby authorize and guarantee by what methods necessary the payment to each the amount of 50,000 dollars and the reparations to the treasury in the amount of Two point Five (2.5) Trillion Dollars:

(50 x 1000 would require 50 times 50 billion)

i.e. 1 billion per 'state', equal to some states current budget legislated deficits.

i.e. equal to the current so-labeled "Bailouts" and what "Stimulus" now being proposed for multiple years...

i.e with fifty thousand... Would a cash strapped, empty job opportunity portfolio of a young college student pay off his/her loans, eliminating the so called "debt crisis"? Would you pay down or off your personal debts, freeing your monthly payments for purchaces, thus "jump Start" the process in "consumption" based 'economy'?

i.e. Maybe I might purchase a home I can realistically afford or have the buffer I might need in order to get into a start-up of my own!

i.e. A LOT of us suddenly 'consuming' or perhaps even 'SAVEing' will certainly "Do More" to "Stimulate" the economy than the re-creation of CCCorps when just more than the majority of us find ourselves working directly from public funds, i.e., ouselves. Soon we should realize we can then afford to purchase that new gas saving car within a year or two of what's left in the car industry that make them.

JP of PA 6:53PM January 08, 2009

that hope and change now?

of GA 8:08PM January 06, 2009

A trillion here, a trillion there...pretty soon it adds up to real money.

New term to learn:

http://dictionary.reference.com/search?r=1&q=quadrillion#dict_header

quad⋅ril⋅lion

   /kwɒˈdrɪlyən/ [kwo-dril-yuhn]

noun, plural -lions, (as after a numeral) -lion, adjective

–noun

1. a cardinal number represented in the U.S. by 1 followed by 15 zeros, and in Great Britain by 1 followed by 24 zeros.

–adjective

2. amounting to one quadrillion in number.

Origin:

1665–75; quadr- + -illion (as in million)

Luther of IL 5:42PM January 06, 2009

Of course. What an easy excuse to establish a socialist state. Has anyone mentioned spending cuts? Actually, it's kind of interesting watching a committed Marxist like Obama playing with Hamiltonian economics.

bill of CA 5:41PM January 06, 2009

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Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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