If China is going to sell all the USA bonds is holding, then will be the economic collapse of USA.
WhatUwish4: Actually, the idiot in chief will destroy capitalism along with his other thug buddies and we will be in a world of hurt. Hope everyone is saving their shuckles because the USA won't be there to bail anyone out after this.
So it wasn't completely over your head. That's good. I was trying to relate to people who think communism is a social panacea and was shooting for "simple". Very, VERY simple.
deadbutwhyeast, Eastern Province Saudi Arabia1,295 posts
gardenhackle: So it wasn't completely over your head. That's good. I was trying to relate to people who think communism is a social panacea and was shooting for "simple". Very, VERY simple.
Your previous answer was filled with bias and falsities, and this one is offensive.
chris27292729: You are wrong,Obama on his inaguration, inherited a debt of $18 trillion, and G.W.Bush during his 8 years tenure, increased the debt by $5 trillion.-
"When President Barack Obama took the oath of office on Jan. 20, 2009, the total federal debt held by the public stood at 6.3073 trillion, according to the Bureau of the Public Debt, a division of the U.S. Treasury Department. As of Aug. 20, 2010, after the first nineteen months of President Obama’s 48-month term, the total federal debt held by the public had grown to a total of $8.8333 trillion, an increase of $2.5260 trillion.
In just the last four months (May through August), according to the CBO, the Obama administration has run cumulative deficits of $464 billion, more than the $458 billion deficit the Bush administration ran through the entirety of fiscal 2008.
The CBO predicted this week that the annual budget deficit for fiscal 2010, which ends on the last day of this month, will exceed $1.3 trillion.
The first two fiscal years in which Obama has served will see the two biggest federal deficits as a percentage of Gross Domestic Product since the end of World War II."
WhatUwish4: "When President Barack Obama took the oath of office on Jan. 20, 2009, the total federal debt held by the public stood at 6.3073 trillion, according to the Bureau of the Public Debt, a division of the U.S. Treasury Department. As of Aug. 20, 2010, after the first nineteen months of President Obama’s 48-month term, the total federal debt held by the public had grown to a total of $8.8333 trillion, an increase of $2.5260 trillion.
In just the last four months (May through August), according to the CBO, the Obama administration has run cumulative deficits of $464 billion, more than the $458 billion deficit the Bush administration ran through the entirety of fiscal 2008.
The CBO predicted this week that the annual budget deficit for fiscal 2010, which ends on the last day of this month, will exceed $1.3 trillion.
The first two fiscal years in which Obama has served will see the two biggest federal deficits as a percentage of Gross Domestic Product since the end of World War II."http://cnsnews.com/news/article/72404
He recalled troops from Iraq, did he not??? And was not G.W.Bush who sent troops to Afghanistan???.- Obama just sound them there, did he not???.-
WhatUwish4: You can't take care of anyone if you design a health care plan that falls on it's face. It's a disaster, don't you get it? It's not fiscally possible to do what he's proposing. Geesh!
And if Obama was such a peace dove, why aren't our boys home as he promised? Afghanistan, by the way, is HIS war.
Do you doubt it??? When the FED issue bonds,who do you is getting them??? the bank next door to White House??? The Cetral Banks of the countries,all over the world get them,and China is Holding the biggest bulk.-
deadbutwhy: Your previous answer was filled with bias and falsities, and this one is offensive.
We all have bias. You haven't elucidated or refuted the falsities you claim to exist. You insulted my intelligence with your original comment and now you're whining about "offensive". Physician, heal thyself.
chris27292729: He recalled troops from Iraq, did he not??? And was not G.W.Bush who sent troops to Afghanistan???.- Obama just sound them there, did he not???.-
Well yes, but he followed pretty much followed the exact timeline that Bush had given, which is also longer than he promised during the election (16 months of office). He also claimed Afghanistan was a "bad" war, but here were sit...
WhatUwish4: Well yes, but he followed pretty much followed the exact timeline that Bush had given, which is also longer than he promised during the election (16 months of office). He also claimed Afghanistan was a "bad" war, but here were sit...
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