France: We are now totally bankrupt.

Quote from AK Forty Seven:

The link to the gov site does not list the 2008-2010 numbers that you posted.Those numbers are wrong idiot
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Dumb shit you have to read the article to get all the numbers. Or you can look at the record or the chart from Federal Reserve excluding 2013 which IS in the document.

So don't be a horses ass just because they aren't painted on the inside of your eyeballs for you, fool
 
Quote from pspr:



Revenues: (red)
Expenditures: (blue)

<img src="http://www.washingtonpost.com/rf/image_606w/WashingtonPost/Content/Blogs/fact-checker/Images/fredgraph_new.jpg?uuid=27mtwJ9CEeG2Nc1lwnWh4g">
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Notice how revenues have come back close to the all time high under Bush.

If spending had stayed the same as when Bush was in office we would have a surplus.

How can it be said there is a revenue problem?
 
Quote from Mercor:

Notice how revenues have come back close to the all time high under Bush.

If spending had stayed the same as when Bush was in office we would have a surplus.

How can it be said there is a revenue problem?
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We should have frozen the budget after climbing out of the recession at 2008-09 levels. But, no. Somebody in washington had much more spending to do and nobody was willing to say that we should freeze everything and hang their job on it.
 
that blue line is a plague by Bush but it is a bigger plague by Obama.

That blue line is plague on every americans future and current standard of living. Except the cronies.




Quote from pspr:

Maybe that moron IQ-47 will understand things if he sees a picture. So, here it is dumb ass.

Notice that revenues were doing great, even starting to catch spending, after the Bush tax cuts until the Democrap housing crisis kicked in from their sub-prime lending to people like IQ-47 who couldn't really qualify. Also, notice how expenditures jump as Obama takes office and they continue to climb. On the other hand, revenues never recover because Obama has economic policies and regulation that stifle the economy keeping revenue on a slow growth track and the spending track is unsustainable.

Revenues: (red)
Expenditures: (blue)

<img src="http://www.washingtonpost.com/rf/image_606w/WashingtonPost/Content/Blogs/fact-checker/Images/fredgraph_new.jpg?uuid=27mtwJ9CEeG2Nc1lwnWh4g">
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Quote from jem:

that blue line is a plague by Bush but it is a bigger plague by Obama.

That blue line is plague on every americans future and current standard of living. Except the cronies.
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The gap was starting to close between spending and revenue before the financial collapse. But, now there is no way revenues can catch spending even if the economy starts growing faster.

It's obvious that not just the growth of spending needs to be reigned in but spending itself has to come down. Otherwise the debt service if eventually going to explode that gap wide open. Plus we have a big entitlement spending problem that absolutely has to be dealt with right away, too.

Like others have said here before, the politicians don't have the balls to deal with any of this. We'll just have to wait for the monster crash.
 
Quote from TGregg:

[horshack]Oh! Oh! Oh! I know this one![/horshack]

It's all Bush's fault.
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Sadly, it pretty much is G. W. Bush and Reagan together. But you would have to give honorable mention to Phil Gramm, and a failure to recognize that capitalism only works well when there is competition.
 
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