*** Economic Doomsday: Obama reigns over $61.6 trillion debt *** | |
Anonymous Coward User ID: 1417911 United States 06/07/2011 11:59 PM Report Abusive Post Report Copyright Violation | [link to www.usatoday.com] Quoting: Comedian... The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises. Hope and change, you dopey bastards! Look I want Obama out, but he has absolutely nothing to do with those unfunded liabilities. In fact Republicans don't want to do anything about them either. Last poll I looked at only 25% of republicans supported the Paul Ryan budget on medicare. Also 90% opposed any reform for social security. So get real. |
Anonymous Coward User ID: 1417911 United States 06/08/2011 12:00 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1417911 United States 06/08/2011 12:01 AM Report Abusive Post Report Copyright Violation | [link to www.usatoday.com] Quoting: Comedian... The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises. Hope and change, you dopey bastards! except they need the truth, because the US debt is 3+quadrillion. Where the fuck do you numbnut tardfuckers get this shit from? |
Anonymous Coward User ID: 1417911 United States 06/08/2011 12:02 AM Report Abusive Post Report Copyright Violation | That's a pittance compared to the SIX HUNDRED TRILLION DOLLARS in unregulated derivatives the conservatard capitalists gave to us. When that blows up, Capitalist shills will be hanging from the light posts all over the world. Quoting: Anonymous Coward 1419260Already blew up and was controlled by the central bank. Now there are other problems do to the containment. Next. |
Anonymous Coward User ID: 1416541 United States 06/08/2011 12:22 AM Report Abusive Post Report Copyright Violation | |
ScrumpTheTexan
Forum Administrator User ID: 1415693 United States 06/08/2011 12:41 AM Report Abusive Post Report Copyright Violation | $5.3 TRILLION in debt added in 2010 alone. Quoting: ComedianComing up next: Total collapse. :mmmmhmm: :criticalsam: [link to www.godlikeproductions.com] ^^^^^^^^^^^^^^^^^^^^^^^^ I heard this figure on the radio today... I lol'd. We're so done. I am a Christian. Christian does not equal doormat or pushover "I Have Sworn upon the Altar of God... Eternal Hostility against every form of Tyranny over the mind of man." -Thomas Jefferson, Sep. 23, 1800 The Election of Donald John Trump: [link to www.godlikeproductions.com] For previous Newsletters, click 'Scrump's News Letters' @ [link to www.godlikeproductions.com] |
Anonymous Coward User ID: 1418031 United States 06/08/2011 12:54 AM Report Abusive Post Report Copyright Violation | That's a pittance compared to the SIX HUNDRED TRILLION DOLLARS in unregulated derivatives the conservatard capitalists gave to us. When that blows up, Capitalist shills will be hanging from the light posts all over the world. Quoting: Anonymous Coward 1419260They will all just get on the Bus to MARS and leave. |
Anonymous Coward User ID: 1363474 Italy 06/08/2011 01:07 AM Report Abusive Post Report Copyright Violation | |
Comedian
(OP) User ID: 1347355 United States 06/08/2011 10:34 AM Report Abusive Post Report Copyright Violation | That's a pittance compared to the SIX HUNDRED TRILLION DOLLARS in unregulated derivatives the conservatard capitalists gave to us. When that blows up, Capitalist shills will be hanging from the light posts all over the world. Quoting: Anonymous Coward 1419260If it wasn't for the Communist Obama taxpayer bailouts and assumption of responsibility for those private debts, it wouldn't matter. Don't run. You'll just die tired. |
Comedian
(OP) User ID: 1347355 United States 06/08/2011 10:36 AM Report Abusive Post Report Copyright Violation | [link to www.usatoday.com] Quoting: Comedian... The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises. Hope and change, you dopey bastards! Look I want Obama out, but he has absolutely nothing to do with those unfunded liabilities. In fact Republicans don't want to do anything about them either. Last poll I looked at only 25% of republicans supported the Paul Ryan budget on medicare. Also 90% opposed any reform for social security. So get real. I am "real". Those two facts are not mutually exclusive. Obama and the Democrat criminal have murdered us, and the complicity Republican cowards have done virtually nothing to stop it, they are therefore accomplices. Don't run. You'll just die tired. |
Comedian
(OP) User ID: 1347355 United States 06/08/2011 10:37 AM Report Abusive Post Report Copyright Violation | $5.3 TRILLION in debt added in 2010 alone. Quoting: ComedianComing up next: Total collapse. This is bullshit and you obviously don't have the slightest clue. ^ What a professional rebuttal! I am destroyed ^ Last Edited by Comedian on 06/08/2011 10:37 AM Don't run. You'll just die tired. |
Comedian
(OP) User ID: 1347355 United States 06/08/2011 10:38 AM Report Abusive Post Report Copyright Violation | [link to www.usatoday.com] Quoting: Comedian... The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises. Hope and change, you dopey bastards! except they need the truth, because the US debt is 3+quadrillion. Where the fuck do you numbnut tardfuckers get this shit from? From things called "books". You've seen them in stores and libraries, probably on your way to the peep show or Gamestop. Don't run. You'll just die tired. |
cg
User ID: 1119788 United States 06/08/2011 10:41 AM Report Abusive Post Report Copyright Violation | [link to www.usatoday.com] Quoting: Comedian... The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises. Hope and change, you dopey bastards! He'll NEVER resign, He's worse than a middle east dictator that way, In 2012 Sarah Palin will just clean the shit up. And so it shall come to pass Besides I didn't vote for him, though I knew he'd be president. And they got the change they deserved!! Let be be finale of seem The only emperor is the emperor of ice cream--Wallace Stevens I have seen the eternal footman hold my coat and snicker and in short I was afraid--T.S. Eliot [email protected] Back on twitter--follow me [email protected] |
Comedian
(OP) User ID: 1347355 United States 06/08/2011 10:41 AM Report Abusive Post Report Copyright Violation | |
Comedian
(OP) User ID: 1347355 United States 06/08/2011 10:42 AM Report Abusive Post Report Copyright Violation | [link to www.usatoday.com] Quoting: Comedian... The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises. Hope and change, you dopey bastards! He'll NEVER resign, He's worse than a middle east dictator that way, In 2012 Sarah Palin will just clean the shit up. And so it shall come to pass Besides I didn't vote for him, though I knew he'd be president. And they got the change they deserved!! Don't run. You'll just die tired. |
Anonymous Coward User ID: 1419478 France 06/08/2011 10:43 AM Report Abusive Post Report Copyright Violation | |
arosebyanyothername
User ID: 1415639 United States 06/08/2011 10:43 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1249032 United States 06/08/2011 10:44 AM Report Abusive Post Report Copyright Violation | |
cg
User ID: 1119788 United States 06/08/2011 10:48 AM Report Abusive Post Report Copyright Violation | You people don't have a clue how the U.S. Treasury works. The U.S. can simply borrow the 61.6 trillion dollars from China. Quoting: Anonymous Coward 1363474At interest, you simpleton. One option, run the printing press and damn the consequences, the good side to that is that is positively screws the rest of the world, bad side is it is hyper inflationary and the currency is a reflection of the country, as the reserve currency we have that right, and having overwhelming military control we can do as we damn well please Second option cut spending, good side, it is economically responsible, will strengthen currency and get investment going in things other than metals, Bad side, we will have to go through a painful recession, ala 1982 or way worse, to flush the debt and we will have to screw the seniors and the poor, by drastically cutting benefits, For medicare give tax credits to Dr. who take poor patients, that way they give the poor treatment and we make a trade, big pharma and dr's and hospital will never pay taxes again, but take care of old and poor population, We sweeten the pot by limiting malpractice, streamlining medical innovation and giving longer patents, perhaps forever on new meds, raises a class of billionaire dr's but cures cancer and hiv in a simple pill. probably good trades Let be be finale of seem The only emperor is the emperor of ice cream--Wallace Stevens I have seen the eternal footman hold my coat and snicker and in short I was afraid--T.S. Eliot [email protected] Back on twitter--follow me [email protected] |
cg
User ID: 1119788 United States 06/08/2011 11:15 AM Report Abusive Post Report Copyright Violation | Wasn't this pinned?? It deserves a pin more than the 700 foot arrow on mars or the martian runways Let be be finale of seem The only emperor is the emperor of ice cream--Wallace Stevens I have seen the eternal footman hold my coat and snicker and in short I was afraid--T.S. Eliot [email protected] Back on twitter--follow me [email protected] |
Comedian
(OP) User ID: 1347355 United States 06/08/2011 11:37 AM Report Abusive Post Report Copyright Violation | So... As I said the other day, when you start having to eat each other to survive, who'll be the first of you to sell me his house for a handful of euros? Quoting: Anonymous Coward 1419478We have guns. We'll take your Euros and watch your Frensh ass run screaming into the sunset. Don't run. You'll just die tired. |
Comedian
(OP) User ID: 1347355 United States 06/08/2011 11:39 AM Report Abusive Post Report Copyright Violation | Wasn't this pinned?? Quoting: cgIt deserves a pin more than the 700 foot arrow on mars or the martian runways ^ No shit ^ Mods are boycotting my useful threads because I keep calling them out on the ABSOLUTE BULLSHIT they keep pinning. Don't run. You'll just die tired. |
galdur
User ID: 1316767 Iceland 06/08/2011 11:43 AM Report Abusive Post Report Copyright Violation | |
Comedian
(OP) User ID: 1347355 United States 06/08/2011 11:51 AM Report Abusive Post Report Copyright Violation | """The government has promised pension and health benefits worth more than $700,000 per retired civil servant. The pension fund's key asset: federal IOUs.""" Quoting: galdurRaise taxes by 80%, cut security spending by 80%. Problem solved. Wrong. Raising taxes at all, considering we are now the 2nd highest tax rate on the planet, will be the final nail in the ooffin of any hope for economic recovery. And the debt is 90% entitlements (SS and Medicrap), so military or any other cuts are nothing more than symbolic. Don't run. You'll just die tired. |
Anonymous Coward User ID: 961432 United States 06/08/2011 11:55 AM Report Abusive Post Report Copyright Violation | |
galdur
User ID: 1316767 Iceland 06/08/2011 11:56 AM Report Abusive Post Report Copyright Violation | """The government has promised pension and health benefits worth more than $700,000 per retired civil servant. The pension fund's key asset: federal IOUs.""" Quoting: galdurRaise taxes by 80%, cut security spending by 80%. Problem solved. Wrong. Raising taxes at all, considering we are now the 2nd highest tax rate on the planet, will be the final nail in the ooffin of any hope for economic recovery. And the debt is 90% entitlements (SS and Medicrap), so military or any other cuts are nothing more than symbolic. So, what to do? Kill off those retirees before the begin receiving those entitlements? Remember, it´s an avalanche ahead, the entire baby boom generation will retire in the coming years. |
NoSilence
User ID: 1403452 Mexico 06/08/2011 11:59 AM Report Abusive Post Report Copyright Violation | |
galdur
User ID: 1316767 Iceland 06/08/2011 12:01 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 961432 United States 06/08/2011 12:06 PM Report Abusive Post Report Copyright Violation | Actually, the federal govt´s liabilities, including contingent liabilities (unfunded) come to about $120 TRILLION looking forward. Quoting: galdurAw, we can pay that off with a little more hope and change. The dollar is super elastic mega plastic and Bernanke can QE to infinity and beyond boldly printing where no printer has gone before! |
NoSilence
User ID: 1403452 Mexico 06/08/2011 12:09 PM Report Abusive Post Report Copyright Violation | |