Just a little something especially for those Obamahaters. Obama did not create $5 trillion in new debt http://www.examiner.com/article/gop-debunked-obama-did-not-create-5-trillion-new-debt
Thanks, I'll pass this on to the cons on another forum. Republican Louisiana Governor Booby Jindal admitted to the whole country that republicans are stupid. He said at GOP convention that the GOP needs to stop being the stupid party. With that kind of admission, the 2014 should be a cake walk for the dems. But then the dems areen't the sharpest tool in the shed either. http://http://www.csmonitor.com/USA...Is-GOP-s-concern-what-s-said-or-how-it-s-said
No one president can be blamed for the debt. It's the Federal Reserve that creates debt by printing money out of nothing. It's been going on long before Obama was in office. Obama is just a puppet and has next to nothing to do with the debt.
The fed doesn't do the spending, and they don't collect the revenue. Blaming the fed is like blaming your check book for your overdrafts.
Hmmm. I am anxiously awaiting for my checkbook to print me more money out of thin air. I'm broke but there's lots of stuff I want to buy.
Nah, I pay for the things I purchase. If I can't afford it I wait till I can. Never been too big a fan of this thing called debt
Didn't you know, the only way to get even with the government, is to die in debt? Of course, if you have kids, they have to pay it off. But kids are the best thing I never did,... that I know of.
letlovin The whole idea of capitalism is based on debt – to buy an investment or run and especially expand a business people need ‘capital’ e.g. the money to do so. And one of the mainstays of capitalism is that you can borrow the money to do so. That is what a house mortgage is. Unless someone is wealthy enough not to need one? For most people your idea would mean a person should only buy the house once they had raised all the money from their monthly paycheques. So that they would have to stay with there parents or rent for 20-30-40 or more years until they had the money saved. Same with businesses, if they can only get new equipment if they have raised the money first it means that if they have the chance at a contract they would have to turn it down because they hadn’t the money at hand to take it on.
I'm aware. A house and business would exceptions to my rule, but I am not in the position to pursue either. And I won't be for several years. A car/truck could also be an exception, but I've done alright so far by saving up and paying cash.
With interest rates at their lowest ever, and real estate back to reasonable, now is the time to jump in debt. We bought our first house for $50,000.00 in 93', sold it for $70k three years later, bought another in 98' for $60k, sold it for $80k a year later and bought another that same year for $80k and sold it for $100k in 2001, bought another $90k in 02' and sold it for $100k in 04', bought another that year for $139k and sold it for $190k in 2010, bought another the same year for $145k and it's worth $200k now. This one was a foreclosure, it's only 12 years old. And when it was built it sold for $285k. So as you can see, buying a home is a way to make money instead of wasting money on rent. The first one we bought was in Colorado, the second and third were Arizona, the fourth was in West Virginia, the fifth was in Albuquerque, and now we're back in WV, 80 miles west of DC.
Thought this article was going to shine some light on our current system. Show how both Republicans and Democrats are two sides of the same coin. Instead I see the same old regurgitated pity party for Obama.
