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*** Economic Doomsday: Obama reigns over $61.6 trillion debt ***

 
Anonymous Coward
User ID: 1417911
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06/07/2011 11:59 PM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
[link to www.usatoday.com]

...
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!
 Quoting: Comedian


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
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06/08/2011 12:00 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
$5.3 TRILLION in debt added in 2010 alone.

Coming up next: Total collapse.
 Quoting: Comedian


This is bullshit and you obviously don't have the slightest clue.
Anonymous Coward
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06/08/2011 12:01 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
[link to www.usatoday.com]

...
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!
 Quoting: Comedian


except they need the truth, because the US debt is 3+quadrillion.
 Quoting: Nobody in Particular


Where the fuck do you numbnut tardfuckers get this shit from?
Anonymous Coward
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06/08/2011 12:02 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
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 1419260


Already blew up and was controlled by the central bank. Now there are other problems do to the containment. Next.
Anonymous Coward
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06/08/2011 12:22 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
When the Economic numbers come in at the end of June, it's going to be game over for real. Get your shit in order, because it's right around the corner.
 Quoting: <FOCUS> 660580


Clif mentions around the 1st day of summer June 21
ScrumpTheTexanModerator
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06/08/2011 12:41 AM

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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
$5.3 TRILLION in debt added in 2010 alone.

Coming up next: Total collapse.
 Quoting: Comedian


:mmmmhmm:

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Anonymous Coward
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United States
06/08/2011 12:54 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
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 1419260





They will all just get on the Bus to MARS and leave.
Anonymous Coward
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Italy
06/08/2011 01:07 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
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.
Comedian  (OP)

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06/08/2011 10:34 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
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 1419260


If 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
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
[link to www.usatoday.com]

...
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!
 Quoting: Comedian


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.
 Quoting: Anonymous Coward 1417911


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
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06/08/2011 10:37 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
$5.3 TRILLION in debt added in 2010 alone.

Coming up next: Total collapse.
 Quoting: Comedian


This is bullshit and you obviously don't have the slightest clue.
 Quoting: Anonymous Coward 1417911


^ What a professional rebuttal! I am destroyed ^
1rof1

Last Edited by Comedian on 06/08/2011 10:37 AM
Don't run. You'll just die tired.
Comedian  (OP)

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06/08/2011 10:38 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
[link to www.usatoday.com]

...
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!
 Quoting: Comedian


except they need the truth, because the US debt is 3+quadrillion.
 Quoting: Nobody in Particular


Where the fuck do you numbnut tardfuckers get this shit from?
 Quoting: Anonymous Coward 1417911


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

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06/08/2011 10:41 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
[link to www.usatoday.com]

...
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!
 Quoting: Comedian


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)

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06/08/2011 10:41 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
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 1363474


At interest, you simpleton.
Don't run. You'll just die tired.
Comedian  (OP)

User ID: 1347355
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06/08/2011 10:42 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
[link to www.usatoday.com]

...
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!
 Quoting: Comedian


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!!
 Quoting: cg


clappa
Don't run. You'll just die tired.
Anonymous Coward
User ID: 1419478
France
06/08/2011 10:43 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
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?
arosebyanyothername

User ID: 1415639
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06/08/2011 10:43 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Dang! I thought it said reSigns
Anonymous Coward
User ID: 1249032
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06/08/2011 10:44 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Financially we're hosed, so they will now take us to war. Next stop is Iran. Don't know how they can take them on without a draft.
cg

User ID: 1119788
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06/08/2011 10:48 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
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 1363474


At interest, you simpleton.
 Quoting: Comedian


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
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06/08/2011 11:15 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
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)

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United States
06/08/2011 11:37 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
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 1419478


We 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)

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06/08/2011 11:39 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Wasn't this pinned??

It deserves a pin more than the 700 foot arrow on mars or the martian runways
 Quoting: cg


^ 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
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
"""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."""

Raise taxes by 80%, cut security spending by 80%. Problem solved.
Comedian  (OP)

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06/08/2011 11:51 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
"""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."""

Raise taxes by 80%, cut security spending by 80%. Problem solved.
 Quoting: galdur


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
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06/08/2011 11:55 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Hope and change, you dopey bastards!
 Quoting: Comedian


More like chains we can bereave in.

blackeye
galdur

User ID: 1316767
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06/08/2011 11:56 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
"""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."""

Raise taxes by 80%, cut security spending by 80%. Problem solved.
 Quoting: galdur


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.
 Quoting: Comedian


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

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Mexico
06/08/2011 11:59 AM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
bump
"In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot."
Mark Twain
galdur

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Iceland
06/08/2011 12:01 PM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Actually, the federal govt´s liabilities, including contingent liabilities (unfunded) come to about $120 TRILLION looking forward.
Anonymous Coward
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06/08/2011 12:06 PM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
Actually, the federal govt´s liabilities, including contingent liabilities (unfunded) come to about $120 TRILLION looking forward.
 Quoting: galdur


Aw, 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!

5a
NoSilence

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06/08/2011 12:09 PM
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Re: *** Economic Doomsday: Obama reigns over $61.6 trillion debt ***
bump
"In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot."
Mark Twain





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