Obama borrowed 1.2 trillion every year he was in power.

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

Quote from: popcorn1 on July 17, 2018, 05:12:58 PM

Quote from: squatz1 on July 17, 2018, 04:25:59 PM

You do understand that practically every government has been borrowing money, including the more socialist leaning countries and even the countries that are far right. Borrowing money is something which has happened and will continue to happen until the end of time for countries. I also don't understand the fact that people will always blame the President in power during debt periods, as the President has little to no power when it comes to the budget negoiations -- as this is something that the Congress has a LARGE amount of power on.

Check out the world debt clock -- http://www.usdebtclock.org/world-debt-clock.html -- you'd see that even though America has the largest amount of debt, we're not the largest amount in debt when comparing our debt to our GDP. So our debt doesn't worry me as much as let's just say, Japan.

I am sorry but bad answer ..in all of history obama borrowed more money in 8 years in all of usa histories debt..only 10 trillion in all of usa history ..
he added 10 trillion more and was peoples lives better NO so what a joke ..

He and his cronies robbed everyone of the life's blood and he will say well you robbed Africa no but many black yanks now are in debt so are now slaves all over again
thanks to your black slave seller..

I don't know how you're able to read through my actual educated response and go 'bad answer' but so be it with that.

You're not able to blame the President for everything that ends up happening with the debt, the budget, and so on and so forth. While I personally am not a fan of Obama, nor was I a fan of him during his presidency -- I don't think it's fair to fully put the blame on him for congresses decisions. They should be held accountable as well.

Debt is a part of a capitalist society, it's not a horrid part.. God I don't know what you're trying to do here.

bigmelons25

member

Activity: 240

Merit: 10

The current system financial system is built on debt. Without debt the house of cards would all collapse. There are more debts than there are money to pay back the debts. This will continue forever until the financial system is completely changed. The majority of money is created by banks and fractional reserve lending.

Nicholson55

newbie

Activity: 76

Merit: 0

Quote from: yogg on July 18, 2018, 06:41:20 AM

THey can't do otherwise. This is how the system is built. Until we switch onto other solutions to transfer wealth, we're doomed to borrow more to repay more.

If you, as a president, want money in the economy, you have to borrow.
If every country repaid their date right now, there would be no more money left in people's pockets.

Yogg said it best. This is how the whole system is built. The government actually borrows money that is made out of thin air. They are charged interest on this money, which is literally impossible to pay back because the only way to get more money is to borrow it. As far as I know, there is not enough money in the world to pay back all "world debt". It's an absurd system really and it makes many people "rich" for doing next to nothing. I think that the fact that the US borrows so much money is one of the reasons they always make sure they have the strongest army. They've got to make sure that nobody would dare call them out on their ridiculous excessive behavior.

BADecker

legendary

Activity: 3906

Merit: 1373

Obama Attacks Wealthy For Big Houses Before Returning To His $8 Million Mansion

Quote from: http://dailycaller.com/2018/07/19/obama-house-rich/

"Right now, I'm actually surprised by how much money I got," Obama said of the more than $20 million he earned between 2005 and 2016.

Obama then chided wealthy individuals for excess, saying, "There's only so much you can eat. There's only so big a house you can have. There's only so many nice trips you can take. I mean, it's enough."

"We're going to have to worry about economics if we want to get democracy back on track," Obama continued "We're going to have to consider new ways of thinking about these problems, like a universal income, review of our workweek, how we retrain our young people, how we make everybody an entrepreneur at some level."

Read more at http://dailycaller.com/2018/07/19/obama-house-rich/.

Cool

TheBiochemist

jr. member

Activity: 134

Merit: 2

Vi veri veniversum vivus vici

Quote from: yogg on July 18, 2018, 06:41:20 AM

THey can't do otherwise. This is how the system is built. Until we switch onto other solutions to transfer wealth, we're doomed to borrow more to repay more.

If you, as a president, want money in the economy, you have to borrow.
If every country repaid their date right now, there would be no more money left in people's pockets.

I'm not surprised, and the one after Trump will borrow even more. This is what is going to happen.

They could demand zero interest from the FED and forbid fractional reserve lending, problem gone. This is how it use to be done and inflation never exceeded 5 % prior to allowing it or leaving the gold standard. If we also demand it to be backed up by resources like oil and gold, it would not be printable like this, inflation could not be hidden!

So we could fix this right away and just delete the corrupt dept like Iceland did, declare them illegal and now do the steps i mentioned in a night, fixed!

But yeah, there are hinders, humans that do not see this as clear as they should and blame presidents or what ever, they do not run anything. We the population agrees upon this system, we pay our taxes and build the prisons, weapons and banks used to suppress us. We are being used against our selves, no one else is to blame then the tax paying populations!!

yogg

legendary

Activity: 2464

Merit: 3158

THey can't do otherwise. This is how the system is built. Until we switch onto other solutions to transfer wealth, we're doomed to borrow more to repay more.

If you, as a president, want money in the economy, you have to borrow.
If every country repaid their date right now, there would be no more money left in people's pockets.

I'm not surprised, and the one after Trump will borrow even more. This is what is going to happen.

TheBiochemist

jr. member

Activity: 134

Merit: 2

Vi veri veniversum vivus vici

Yeah that guy sure robbed the tax payers blind. Wounder if they every think about the dept and that they are responsible for paying it.
It´s only logical thou they did sponsor ISIS and those weapons and transports costs $$$
All the new military projects and surveillance initiatives against his own population also costs shit loads not to mention the prolonged war situation in the middle east.

But some stands to gain big! The weapon companies and manufacturers of military vehicles as well as support companies that brings services to the military at the front are going rich as fuck.

The U.S budgett under trump signals no change, even more boost to military and more cuts from health and environmental protection programs, the companies have taken control over our goverments long ago. They dont give a fuck about Chicago or Detriot or any citizens really, very few are seen as a threat to their larger agenda.

He is not the guilty really, he just speaks for others and where bribed into power with their money, he is bought and just a puppet!

Arevalor

copper member

Activity: 16

Merit: 0

It surprises me how he is NOT perceived as someone that was in the pocket of big business throughout his campaign and presidency.

popcorn1

legendary

Activity: 1218

Merit: 1027

Quote from: squatz1 on July 17, 2018, 04:25:59 PM

You do understand that practically every government has been borrowing money, including the more socialist leaning countries and even the countries that are far right. Borrowing money is something which has happened and will continue to happen until the end of time for countries. I also don't understand the fact that people will always blame the President in power during debt periods, as the President has little to no power when it comes to the budget negoiations -- as this is something that the Congress has a LARGE amount of power on.

Check out the world debt clock -- http://www.usdebtclock.org/world-debt-clock.html -- you'd see that even though America has the largest amount of debt, we're not the largest amount in debt when comparing our debt to our GDP. So our debt doesn't worry me as much as let's just say, Japan.

I am sorry but bad answer ..in all of history obama borrowed more money in 8 years in all of usa histories debt..only 10 trillion in all of usa history ..
he added 10 trillion more and was peoples lives better NO so what a joke ..

He and his cronies robbed everyone of the life's blood and he will say well you robbed Africa no but many black yanks now are in debt so are now slaves all over again
thanks to your black slave seller..

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

You do understand that practically every government has been borrowing money, including the more socialist leaning countries and even the countries that are far right. Borrowing money is something which has happened and will continue to happen until the end of time for countries. I also don't understand the fact that people will always blame the President in power during debt periods, as the President has little to no power when it comes to the budget negoiations -- as this is something that the Congress has a LARGE amount of power on.

Check out the world debt clock -- http://www.usdebtclock.org/world-debt-clock.html -- you'd see that even though America has the largest amount of debt, we're not the largest amount in debt when comparing our debt to our GDP. So our debt doesn't worry me as much as let's just say, Japan.

popcorn1

legendary

Activity: 1218

Merit: 1027

To the USA you say you don't like socialism but under the same rules I.E getting free money you borrow of children that are not even born yet SO basically your bumming of people like socialism no different ..

I think that President Obama raised the national debt by ...
https://www.quora.com/I-think-that-President-Obama-raised-the...
On January 21st 2009 the US national debt was at $10.6 trillion dollars. ... Obama did rack up 9.3 trillion dollars ... given loans actually had the money ..

Obama 10 trillion in 8 years Shocked

.. And Detroit still was and still is a shit hole even though Obama borrowed 10 trillion and Chicago still a shit dump full of shooting in mass numbers..

More than 30 shot, 6 fatally, in most violent weekend of 2018
www.chicagotribune.com/news/...shootings-violence-20180122-story.html
22/01/2018 · More than 30 shot, 6 fatally, in most violent weekend of 2018. Armando L. Sanchez / Chicago Tribune. ... For more on crime in the Chicago area, .

The black democratic leaders are like black African slave sellers .. FACT scum of the earth ..
You say get a black guy in and they will do loads for our black peoples MY FOOT..LIARS GREEDY BUMS see just the same as white peoples greedy bums like all humans are .. LIE LIE LIE FOR MONIES ..

Topic: Obama borrowed 1.2 trillion every year he was in power. (Read 174 times)