$59,504....

[Deleted member 21794]

That is your portion. Every man, woman and woman and child owes this much. How do you plan on paying your portion?

There are 43% more people on food stamps than when Barack Hussein Obama took office. While this is clearly a clear sign the economy is in horrible condition, how do you think the people on food stamps will pay for their portion of the debt. That's 45,000,000 people you'll probably have to pay up for.

Public debt has more than doubled under Barack Hussein Obama. Do you think Obama's having increased your portion of the public debt by over $19,000 has been worth it?

Yes liberals, it's time for you to talk about something, ANYTHING other than the disastrous effects of the Obama cartel. And we still have nine months left. And Obama means to take this country as far down as he can.

So how do you plan on paying off your nearly $60,000 share of the national debt?

 

[georgephillip]

That is your portion. Every man, woman and woman and child owes this much. How do you plan on paying your portion?

Maybe your question was answered three thousand years ago?
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 191)
"We are living today in a transition period much like that of Athens c. 330 BC when Aristotle wrote his Politics. Seeing inequality widen as his citystate became an empire, he described how wealthy families tend to emerge within democracies to become a financial oligarchy. Book V of Politics traces how these oligarchies indebt a rising proportion of the population to themselves, creating hereditary estates on which to found aristocratic dynasties."
Aristotle's eternal triangle of democracy, oligarchy, and aristocracy was hidden in plain sight for much of my 68 years.

For thousands of years every society has known debts that can't be paid, won't be paid. It's time for 21st century bankers and bondholders to pay up.

 

[Deleted member 21794]

Maybe your question was answered three thousand years ago?
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 191)
"We are living today in a transition period much like that of Athens c. 330 BC when Aristotle wrote his Politics. Seeing inequality widen as his citystate became an empire, he described how wealthy families tend to emerge within democracies to become a financial oligarchy. Book V of Politics traces how these oligarchies indebt a rising proportion of the population to themselves, creating hereditary estates on which to found aristocratic dynasties."
Aristotle's eternal triangle of democracy, oligarchy, and aristocracy was hidden in plain sight for much of my 68 years.

For thousands of years every society has known debts that can't be paid, won't be paid. It's time for 21st century bankers and bondholders to pay up.

Wow man, that's prophetic stuff- and from so long ago. Some things never change.

 

[georgephillip]

Wow man, that's prophetic stuff- and from so long ago. Some things never change.

I think that is exactly what the FIRE sector counts on. If you can find time to read about how the "magic of compound interest" manufactures debt faster than productive enterprises can pay it off...
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p.ii)
"My first job was as mundane as could be imagined: an economist for the Savings Banks Trust Company. No longer existing, it had been created by New York’s then-127 savings banks (now also extinct, having been grabbed, privatized and emptied out by commercial bankers).

"I was hired to write up how savings accrued interest and were recycled into new mortgage loans. My graphs of this savings upsweep looked like Hokusai’s 'Wave,' but with a pulse spiking like a cardiogram every three months on the day quarterly dividends were credited.

"The rise in savings was lent to homebuyers, helping fuel the post-World War II price rise for housing.

"This was viewed as a seemingly endless engine of prosperity endowing a middle class with rising net worth.

"The more banks lend, the higher prices rise for the real estate being bought on credit. And the more prices rise, the more banks are willing to lend – as long as more people keep joining what looks like a perpetual motion wealth creating machine."

I grew up during the years right after WWII (1947), and by the time I started working, that "perpetual motion wealth creating machine" was slowing down.

By the time I retired, it was gone.

Like most who didn't graduate from college, I had never heart of Aristotle's eternal triangle, but that doesn't mean it doesn't exist or that it isn't transforming the democracy I was born in into an oligarchy (or worse).

 

[RickWA]

That is your portion. Every man, woman and woman and child owes this much. How do you plan on paying your portion?

There are 43% more people on food stamps than when Barack Hussein Obama took office. While this is clearly a clear sign the economy is in horrible condition, how do you think the people on food stamps will pay for their portion of the debt. That's 45,000,000 people you'll probably have to pay up for.

Public debt has more than doubled under Barack Hussein Obama. Do you think Obama's having increased your portion of the public debt by over $19,000 has been worth it?

Yes liberals, it's time for you to talk about something, ANYTHING other than the disastrous effects of the Obama cartel. And we still have nine months left. And Obama means to take this country as far down as he can.

So how do you plan on paying off your nearly $60,000 share of the national debt?

It's incredible to me that MORE than 1 in 5 Americans are on food stamps. It's ridiculous. What's even more so is when you look into the DURATIONS that the majority of recipients have been receiving that benefit. It's typically no mere 6 or 12 month plan. It's rarely that mythical "hand up". It's become a lifestyle for far too many.

This has largely exited the realm of good, kind, compassionate aid. Languishing in a dependent state year over year is no way to live, but it does foster a constituency.

 

[PhilFish]

That is your portion. Every man, woman and woman and child owes this much. How do you plan on paying your portion?

There are 43% more people on food stamps than when Barack Hussein Obama took office. While this is clearly a clear sign the economy is in horrible condition, how do you think the people on food stamps will pay for their portion of the debt. That's 45,000,000 people you'll probably have to pay up for.

Public debt has more than doubled under Barack Hussein Obama. Do you think Obama's having increased your portion of the public debt by over $19,000 has been worth it?

Yes liberals, it's time for you to talk about something, ANYTHING other than the disastrous effects of the Obama cartel. And we still have nine months left. And Obama means to take this country as far down as he can.

So how do you plan on paying off your nearly $60,000 share of the national debt?

I'm going to default. you know...like... let someone else pay for it..

 

[resident_evil]

That is your portion. Every man, woman and woman and child owes this much. How do you plan on paying your portion?

There are 43% more people on food stamps than when Barack Hussein Obama took office. While this is clearly a clear sign the economy is in horrible condition, how do you think the people on food stamps will pay for their portion of the debt. That's 45,000,000 people you'll probably have to pay up for.

Public debt has more than doubled under Barack Hussein Obama. Do you think Obama's having increased your portion of the public debt by over $19,000 has been worth it?

Yes liberals, it's time for you to talk about something, ANYTHING other than the disastrous effects of the Obama cartel. And we still have nine months left. And Obama means to take this country as far down as he can.

So how do you plan on paying off your nearly $60,000 share of the national debt?

I plan for America going broke and celebrating a jubilee year in the near future. I also plan on the Millenials crapping out on paying for Social Security because they are overwhelmingly whining, spineless, safe space weasel who have every right to tell Boomer and X'ers to drop dead.

 

[Spamature]

That is your portion. Every man, woman and woman and child owes this much. How do you plan on paying your portion?

There are 43% more people on food stamps than when Barack Hussein Obama took office. While this is clearly a clear sign the economy is in horrible condition, how do you think the people on food stamps will pay for their portion of the debt. That's 45,000,000 people you'll probably have to pay up for.

Public debt has more than doubled under Barack Hussein Obama. Do you think Obama's having increased your portion of the public debt by over $19,000 has been worth it?

Yes liberals, it's time for you to talk about something, ANYTHING other than the disastrous effects of the Obama cartel. And we still have nine months left. And Obama means to take this country as far down as he can.

So how do you plan on paying off your nearly $60,000 share of the national debt?

Sure is time to talk about the guy who left him the mess. You know when Clinton left office the govt was on a path to paying off the debt by 2012. Instead it was $11 trillion in debt by the time the guy who got the job left office.

The guy under who as you know the number of recipients went up even more than under Obama. That guy started with 17 million food stamp recipients and by the time he left there were 32 million food stamp recipients and tripled the cost of the program from $17 billion to $52 billion .

Or we could talk about the Republicans who still to this day fight as hard as they can to keep that debt climbing by holding hostages to keep tax cuts for the 1% in place. As they also fight to keep millions of working people at food stamp qualifying wages.

 

[Deleted member 21794]

Sure is time to talk about the guy who left him the mess. You know when Clinton left office the govt was on a path to paying off the debt by 2012. Instead it was $11 trillion in debt by the time the guy who got the job left office.

The guy under who as you know the number of recipients went up even more than under Obama. That guy started with 17 million food stamp recipients and by the time he left there were 32 million food stamp recipients and tripled the cost of the program from $17 billion to $52 billion .

Or we could talk about the Republicans who still to this day fight as hard as they can to keep that debt climbing by holding hostages to keep tax cuts for the 1% in place. As they also fight to keep millions of working people at food stamp qualifying wages.

Or we could talk about the current president and the trillion dollar deficits the CBO says will return by 2022 on our current path set forth by the current president.

 

[Deleted member 21794]

I'm going to default. you know...like... let someone else pay for it..

I'm with you.... big government liberals keep telling us some other guy will pay for it all. It must be true.

 

[Deleted member 21794]

It's incredible to me that MORE than 1 in 5 Americans are on food stamps. It's ridiculous. What's even more so is when you look into the DURATIONS that the majority of recipients have been receiving that benefit. It's typically no mere 6 or 12 month plan. It's rarely that mythical "hand up". It's become a lifestyle for far too many.

This has largely exited the realm of good, kind, compassionate aid. Languishing in a dependent state year over year is no way to live, but it does foster a constituency.

And Rick, even if we're kind enough to take the pandering out of it, having people on unemployment for 99 weeks and food stamps forever literally destroys people. I wonder how many people's ethics as producers were withered away or destroyed by such a long supply of free stuff. Hunger and pain are wonderful motivators. Keeping people numb is rarely if ever a good idea.

 

[Deleted member 21794]

I plan for America going broke and celebrating a jubilee year in the near future. I also plan on the Millenials crapping out on paying for Social Security because they are overwhelmingly whining, spineless, safe space weasel who have every right to tell Boomer and X'ers to drop dead.

Poor Barack Obama, he hasn't been able to get the young people well-indoctrinated enough. They've spent too much time on "microagressions" and "safe spaces" at our universities and other minutia rather than training on hate and destruction of others getting in the way of more free stuff. This is one of many strategic errors Obama has made.

 

[middleview]

That is your portion. Every man, woman and woman and child owes this much. How do you plan on paying your portion?

There are 43% more people on food stamps than when Barack Hussein Obama took office. While this is clearly a clear sign the economy is in horrible condition, how do you think the people on food stamps will pay for their portion of the debt. That's 45,000,000 people you'll probably have to pay up for.

Public debt has more than doubled under Barack Hussein Obama. Do you think Obama's having increased your portion of the public debt by over $19,000 has been worth it?

Yes liberals, it's time for you to talk about something, ANYTHING other than the disastrous effects of the Obama cartel. And we still have nine months left. And Obama means to take this country as far down as he can.

So how do you plan on paying off your nearly $60,000 share of the national debt?

This is you being non-partisan? Nobody was on foodstamps....Obama took over and put people on foodstamps....is that right? There was no national debt....and Obama took over and just increased spending a lot....Is that right? The republicans were in charge of congress for most of his 7 years...but they really had no control of anything at all....Yeah, that is really objective of you.....Let's not address what actually caused the increase in foodstamp usage...let's blame Obama. Let's not talk about the deficits as a function of an increase in spending and a decrease in revenue....both brought on by a shitty economy handed to Obama in 2009....

 

[Deleted member 21794]

This is you being non-partisan? Nobody was on foodstamps....Obama took over and put people on foodstamps....is that right? There was no national debt....and Obama took over and just increased spending a lot....Is that right? The republicans were in charge of congress for most of his 7 years...but they really had no control of anything at all....Yeah, that is really objective of you.....Let's not address what actually caused the increase in foodstamp usage...let's blame Obama. Let's not talk about the deficits as a function of an increase in spending and a decrease in revenue....both brought on by a shitty economy handed to Obama in 2009....

You start your rant with strawmen. That means you know you've already lost the argument. But I'm happy to once again slap you around with the facts. Watching your hilarious party loyalty is really quite entertaining.

You've given me much to think about. Yes, you're right. Bush and Obama are very similar. Both presided over high food stamp increases. Of course, given the Bush economy was horrible and the Obama economy strong, one would think Obama's increase would be far smaller than Bush's.

You're right about debt also. Both Bush and Obama accumulated record amounts of debt. Of course, Obama will win that contest when he leaves the White House and sticks us with the tab in 2017.

Control of Congress: Obama had it all for two years. True, Bush had it for longer, but still both had plenty of time to get done what they really wanted. Obviously, Obama really wanted to put us another $800 billion in debt and saddle us with a health care scam loaded with lies and broken promises.

Yes, I definitely agree. There are many similarities between Bush and Obama. Thanks for pointing the way to us at least discussing a few of them. Oh let's not forget Obama's war for oil in Libya. Of course, whether it was is a matter of opinion. On the other hand, it's also a matter of opinion whether Bush's war in Iraq was a war for oil. Oh and one last thing: Bush and Obama are both proponents of regime change. Oh and let's not leave out secrecy, as Obama is more secretive than Bush. Oh we certainly don't want to end the discussion without discussing how both Bush and Obama LOVE amassing executive power. Of course, Obama ran against that. But hey, all politicians lie so it's OK, right?

 

[middleview]

You start your rant with strawmen. That means you know you've already lost the argument. But I'm happy to once again slap you around with the facts. Watching your hilarious party loyalty is really quite entertaining.

You've given me much to think about. Yes, you're right. Bush and Obama are very similar. Both presided over high food stamp increases. Of course, given the Bush economy was horrible and the Obama economy strong, one would think Obama's increase would be far smaller than Bush's.

You're right about debt also. Both Bush and Obama accumulated record amounts of debt. Of course, Obama will win that contest when he leaves the White House and sticks us with the tab in 2017.

Control of Congress: Obama had it all for two years. True, Bush had it for longer, but still both had plenty of time to get done what they really wanted. Obviously, Obama really wanted to put us another $800 billion in debt and saddle us with a health care scam loaded with lies and broken promises.

Yes, I definitely agree. There are many similarities between Bush and Obama. Thanks for pointing the way to us at least discussing a few of them. Oh let's not forget Obama's war for oil in Libya. Of course, whether it was is a matter of opinion. On the other hand, it's also a matter of opinion whether Bush's war in Iraq was a war for oil. Oh and one last thing: Bush and Obama are both proponents of regime change. Oh and let's not leave out secrecy, as Obama is more secretive than Bush. Oh we certainly don't want to end the discussion without discussing how both Bush and Obama LOVE amassing executive power. Of course, Obama ran against that. But hey, all politicians lie so it's OK, right?

Your partisanship is simply dishonest....The foodstamp increase after Bush went back to Crawford was not caused by anything Obama did. It was caused by the shitty economy turned over to the new administration in 2009. Bush's deficits and debt were a product of his own tax cuts and wars carried off the books.....and when the economy tanked it made it worse. Obama's spending is largely due to the impact of the recession, TARP, Stimulus, continuing war in Iraq (until 2011), the war in Afghanistan and the ACA.

 

[Deleted member 21794]

Your partisanship is simply dishonest....The foodstamp increase after Bush went back to Crawford was not caused by anything Obama did. It was caused by the shitty economy turned over to the new administration in 2009. Bush's deficits and debt were a product of his own tax cuts and wars carried off the books.....and when the economy tanked it made it worse. Obama's spending is largely due to the impact of the recession, TARP, Stimulus, continuing war in Iraq (until 2011), the war in Afghanistan and the ACA.

So let's see.... Obama voted for TARP, he signed the stimulus, has continued the wars in Iraq and Afghanistan for seven years (or ended and restarted, take your pick) and signed ObamaScam into law. So yes, Obama is responsible. I'm glad we can agree on that.

 

[middleview]

So let's see.... Obama voted for TARP, he signed the stimulus, has continued the wars in Iraq and Afghanistan for seven years (or ended and restarted, take your pick) and signed ObamaScam into law. So yes, Obama is responsible. I'm glad we can agree on that.

Tarp was an important tool to stabilize the economy. You think it a failure, I think it a necessary evil.

The stimulus was made necessary by the Bush economy. If Obama had inherited the Clinton economy neither the stimulus nor tarp would have been needed.

The war in Iraq went on until 2011 because Bush signed an agreement that mandated a timetable for US withdrawal.

The current conflict in Iraq was not "restarted" by Obama. It was restarted by ISIS. We responded to a request from the Iraqi government for help.

The war in Afghanistan was so badly managed that Bush was forced to add 10,000 troops in 2008 to the 20,000 that were already there....the Taliban was taking ground and the Afghans and US troops were losing. Obama walked in the door and his military commanders advised him that they needed 60,000 troops. That was entirely because Bush/Rumsfeld had f*cked up.

Yes, Obama signed the ACA. I'm not sure how much of the design of the ACA should be laid at his feet. It could certainly have been better. Really too bad the republicans didn't try to help.

 

[resident_evil]

Poor Barack Obama, he hasn't been able to get the young people well-indoctrinated enough. They've spent too much time on "microagressions" and "safe spaces" at our universities and other minutia rather than training on hate and destruction of others getting in the way of more free stuff. This is one of many strategic errors Obama has made.

To bad for America that in the end he got more wins than losses when it comes to fundamental political transformation. Just look at the weak Republican Party we've go on our hands that Trump actually has to lead the charge. Trump!?!?

And it isn't like the party hasn't been a loser before that had to be rescued. Think Reagan.

 

[Deleted member 21794]

Tarp was an important tool to stabilize the economy. You think it a failure, I think it a necessary evil.

The stimulus was made necessary by the Bush economy. If Obama had inherited the Clinton economy neither the stimulus nor tarp would have been needed.

The war in Iraq went on until 2011 because Bush signed an agreement that mandated a timetable for US withdrawal.

The current conflict in Iraq was not "restarted" by Obama. It was restarted by ISIS. We responded to a request from the Iraqi government for help.

The war in Afghanistan was so badly managed that Bush was forced to add 10,000 troops in 2008 to the 20,000 that were already there....the Taliban was taking ground and the Afghans and US troops were losing. Obama walked in the door and his military commanders advised him that they needed 60,000 troops. That was entirely because Bush/Rumsfeld had f*cked up.

Yes, Obama signed the ACA. I'm not sure how much of the design of the ACA should be laid at his feet. It could certainly have been better. Really too bad the republicans didn't try to help.

No, TARP was the biggest scam in the history of mankind. Well, it's right up there with the stimulus. And of course the stimulus wasn't necessary. Not only that, the structure of it was silly and loaded with wasteful spending. Tattoo removal for gang members wasn't necessary. Putting shrimp on a treadmill wasn't necessary.

With regards to the war in Iraq, Obama could have changed whatever he wanted. He could have restructured, renegotiated.

As far as the war in Afghanistan, you should really avoid that. Obama tripled US troop death rates there.

At least you realize ObamaScam is a failure. I can only hope your business venture grows to over 50 employees. I think it would great for you to have such growth and would be happy for you. I think you also might feel differently about ObamaScam if you were to feel the weight of it.

 

[middleview]

No, TARP was the biggest scam in the history of mankind. Well, it's right up there with the stimulus. And of course the stimulus wasn't necessary. Not only that, the structure of it was silly and loaded with wasteful spending. Tattoo removal for gang members wasn't necessary. Putting shrimp on a treadmill wasn't necessary.

With regards to the war in Iraq, Obama could have changed whatever he wanted. He could have restructured, renegotiated.

As far as the war in Afghanistan, you should really avoid that. Obama tripled US troop death rates there.

At least you realize ObamaScam is a failure. I can only hope your business venture grows to over 50 employees. I think it would great for you to have such growth and would be happy for you. I think you also might feel differently about ObamaScam if you were to feel the weight of it.

1. Tarp was a success in that financial markets stabilized and recovered. It would not have been a success to let Wall Street shut down completely.
2. The stimulus helped but again, could have been better. About 1/3rd of it was tax cuts. That was the only way to get republican votes. I have not been able to find tatoo removal or shrimp on treadmills anywhere.

https://www.propublica.org/special/the-stimulus-plan-a-detailed-list-of-spending