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Author Topic: US Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP
CashCowMoo
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http://www.zerohedge.com/news/us-closes-2011-record-1522-trillion-debt-officiall y-1003-debtgdp


The debt was $10.626 trillion on the day Obama took office.

It's the most rapid increase in the debt under any U.S. president.

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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jordanreed
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maybe this will help you...


http://www.nytimes.com/2012/01/02/opinion/krugman-nobody-understands-debt.html?_ r=1&src=tp&smid=fb-share

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CashCowMoo
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wow, talk about spin. 15 TRILLION, no big, just add more to make it better.

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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T e x
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quote:
Originally posted by jordanreed:
maybe this will help you...


http://www.nytimes.com/2012/01/02/opinion/krugman-nobody-understands-debt.html?_ r=1&src=tp&smid=fb-share

Krugman is *still* trying to engage the dim-witted, hoping they will understand common sense.

Sorry to say, that chit ain't gonna happen...

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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glassman
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quote:
Originally posted by CashCowMoo:
http://www.zerohedge.com/news/us-closes-2011-record-1522-trillion-debt-officiall y-1003-debtgdp


The debt was $10.626 trillion on the day Obama took office.

It's the most rapid increase in the debt under any U.S. president.

cash, Reagan tripled the deficit in 8 years. in order to compete with him? The deficit would have to hit 31 trillion in his next term....


this deficit is due to entering two wars and cutting taxes at the same time....

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raybond
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Don't forget Bush never counted the wars in the national debt. Obama added them in as was the right thing to do. This showed America where we really are.

Don't look good does it

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T e x
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problem is, Obama doesn't explain this chit.

Like the latest vote on the "apprehend Americans bill" if anybody *looks like* a terrorist, etc....

We need a leader, a REAL LEADER, who is willing to put in the after-hours' effort to explain developments in light of the "new" 'Net model of communication.

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Nashoba Holba Chepulechi
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R1 Man
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I think all congress members look like terrorists. Bet if we lock them all up and throw away the key...that market might hit 20,000.

No but if you check into what we spend money on...its sick. Japan has ZERO WELFARE system. Want money...get a job. Want insurance...get a job. Want nice things...get a job. America...want to sit at home and collect money doing absolutely nothing...smuggle your ass into America. Sure wish they would set some rules on Welfare. Drug testing, 1-2 year limit, can't collect while having working people living with you rent free paid by tax payers. No tax return for welfare. America is screwed up trying to be politically correct. Also...America should have a charity law. Give what ever you want to help other countries when disasters happen...not just give them our money. Allow the people to give their money if they want to. Get rid of the FREE TRADE AGREEMENT. China is taxing American cars imported into China 10% now. Lets tax their asses for imports and see how many jobs come back to America.

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CashCowMoo
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http://obamalies.net/list-of-lies

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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glassman
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quote:
Originally posted by CashCowMoo:
http://obamalies.net/list-of-lies

what a waste of time reading that and chasing down the "facts"

just at random? Obama didn't say that the teacher was specifically out of work, he said, and i quote:

“In the last few years, he’s received three pink slips because of budget cuts. Why wouldn’t we want to pass a bill that puts somebody like Robert back in the classroom teaching our kids?”

that quote come right from the article critisizing Obama for being a LIAR.

the "thing" is? it's not a lie he told. this is why politics is getting so ****ed up. Read what Obama actually said, not what some media hype says he said. the words are differnt, and so is the meaning. "somebody like" Robert is not the same as Robert.. simple semantics. anybody with 1/4 brain can figger that chit out

i'm not likely to vote for Obama or any other politician in office. i'm sick of all of them. but i'm also sick of all the lies being put out by the BS media artists these days too.

the GOP held the reins completely for 6 years, they put US on this bankruptcy course firmly, YES! Obma has done almost nothing to fix the underlying problems, but hte only person even close to actually addressing what's wrong is Ron Paul, and the media makes fun of him even as he makes them look stupider every day.

point being? we deserve what we've got right now and until people wake up and recognise that we are going to have to pay for what we have and pay to keep what are used to having, we are going to have to raise taxes and cut WASTEFUL spending- nobody wants to pay, and that's the biggest lie we are all telling ourselves..

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glassman
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here's another:

USA producing more oil than ever before?


he's wrong, if you mean producing oil form the ground, but who cares?

well, interestingly, the oil co's do:

Oil boomlet sweeps U.S. as exports and production rise
By Wendy Koch, USA TODAY
Updated 12/19/2011 7:54 AM

The U.S. exported more oil-based fuels than it imported in the first nine months of this year, making it likely that 2011 will be the first time since 1949 that the nation is a net exporter of such goods, primarily diesel.

That's not all. The U.S. has reversed another decades-long trend. It began producing more crude oil in 2008 than the year before and accelerated that upswing 3% in the first nine months of this year compared with the same period in 2010. That production has helped reduce U.S. imports of crude oil by about 10% since 2006.


http://www.usatoday.com/money/industries/energy/story/2011-12-16/us-oil-boom/520 53236/1

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glassman
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anybody besides me beginning to wonder how the oil co's are keeping the prices so high?

NEW YORK (CNNMoney) -- The United States is awash in gasoline. So much so, in fact, that the country is exporting a record amount of it.
By Steve Hargreaves @CNNMoney December 5, 2011: 1:01 PM ET
The country exported 430,000 more barrels of gasoline a day than it imported in September, according to the U.S. Energy Information Administration. That is about twice the amount at the start of the year, and experts and industry insiders say the trend is here to stay.

The United States began exporting gas in late 2008. For decades prior, starting in 1960, the country used all the gas it produced here plus had to import gas from places in Europe.

But demand for gas has dropped nearly 10% in recent years. It went from a peak of 9.6 million barrels a day in 2007 to 8.8 million barrels today, according to the EIA.


http://money.cnn.com/2011/12/05/news/economy/gasoline_export/index.htm

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CashCowMoo
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We could actually export quality gasoline and use it as growth.

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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glassman
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quote:
Originally posted by CashCowMoo:
We could actually export quality gasoline and use it as growth.

yes, and you must note that we are able to do this becuase we are using less gasoline.

this is why we need good "green" tech growth. the sand oil in Canada will add to our productivity, but running the pipeline thru the Ogallala aquifer is stupid. the Ogalalla aquifer is one of the most critical water supplies for our food supply:

 -

you'll note that this supplies drought prone area and it is critical to "our bread-basket" or if you like our tortilla basket [Smile]

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CashCowMoo
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I dont see the Alaska pipeline destroying any water tables. Even the unions are for this project.

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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glassman
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quote:
Originally posted by CashCowMoo:
I dont see the Alaska pipeline destroying any water tables. Even the unions are for this project.

LOL... you don't? sheesh cash, i posted (and played mayself) three distinct good stock trades on alaska oil pipeline spills in the period between 2005 and 2009....

the "aquifer" in Alaska is protected by peramfrost. the Ogalalla is not

BP had another (from my pplays) big spill up there just about the same time as they lost eh well in the Gulf too... nothing is perfect, any engineer who does not look at problems is an idiot. the Ogalalla can be protected by rerouting the pipeline further east.

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glassman
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this aquifer is one of the great resources of our nation and cannot be risked. Millions of acres are irrigated by it because it is so easy to tap and it often has a high yeild. The ranchers and growers that use it are not "for" it being risked:

The Ogallala aquifer (pronounced OH-GA-LA-LA) is one of the largest aquifer systems in the world. It stretches across all or portions of eight states generally from north to south to include South Dakota, Nebraska, Wyoming, Colorado, Kansas, Oklahoma, New Mexico, and Texas and underlies about 174,000 square miles. N.H. Darton is credited with describing and naming the formation in 1899 after the town of Ogallala, Nebraska.

The Ogallala aquifer lies relatively near the land surface in most of the above-described area with a maximum thickness of about 1,000 feet with a few hundred feet more the norm. Even in those areas of only a few feet of thickness, the aquifer can almost always be counted on to yield water to a well drilled into it. Some wells yield only a few gallons of water per minute, while others yield 1,000 gallons of water per minute or more. The Ogallala aquifer not only includes the portion of the Ogallala that is saturated with water, but may also include saturated portions of the overlying and underlying formations that are hydraulically connected to the Ogallala. Water in the aquifer on the Southern High Plains flows from northwest to southeast at about 150 feet per year under natural conditions. This rate of movement can be altered by discharge from the aquifer by pumping wells.


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CashCowMoo
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There will always b a reason...

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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glassman
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here's who stopped it cash:


Many Americans hadn’t heard of Nebraska Governor Dave Heineman until his sparsely populated state blocked a $7 billion Canadian oil pipeline.

“We’ve certainly been getting a lot of national attention we don’t normally get,” said Heineman, a 63-year-old Republican.

In a series of maneuvers, Heineman managed to delay construction of the 1,661-mile (2,673-kilometer) Keystone XL pipeline -- and prompt its owner, Calgary-based TransCanada Corp. (TRP), to reroute the 15 percent that was to cross Nebraska and its environmentally sensitive Sandhills region.

A conservative stronghold that hasn’t been carried by a Democratic presidential candidate since 1964, Nebraska joined environmentalists, celebrities and scientists in opposing the pipeline. They expressed concern that an oil leak could foul the Sandhills or the Ogallala Aquifer that runs underneath and provides drinking water to 1.5 million people.

Heineman’s campaign against the closely watched project burnished his reputation as a maverick not afraid to embrace nontraditional causes. Wielding a mixture of fiscal conservatism and Prairie populism, the governor is also credited with helping his state emerge from the recession largely unscathed.

Nebraska had the nation’s second-lowest unemployment rate in September at 4.2 percent, behind only North Dakota, according the Bureau of Labor Statistics, when the national rate was 9.1 percent. As other states lost jobs, company headquarters and young families during the economic downturn, Heineman’s state retained them. Since he took office, Nebraska has the ninth- strongest state economy, according to Bloomberg Economic Evaluation of States index data


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raybond
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put it in your pipe and smoke it repubs. Some thing will happen soon its the way politics work in this country.

I saw a bunch of repbubs crying like a bunch of school girls about there pipeline. What a laugh.

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CashCowMoo
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What a laugh you have at those pipe fitters unions who were counting on those jobs in the "flyover states". You are sick.

What is California's unemployment rate? 11.3%? Its only going to get worse under your mentality. Porn and 1%ers. Great job.

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It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so.

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