Things are so great, we need to monetize the debt (Reagan, Clinton)

[pghquest]

Yes people, while we were all watching the election results today, the feds are spending $600B MORE to buyup debt, and thats just a start..

So in total, the Fed will buy $850 billion to $900 billion, just about doubling the amount of Treasury debt it currently holds.

http://www.nytimes.com/2010/11/04/bu...omy/04fed.html





Is this just another lagging indicator of the fantastic economy we are in the middle of liberals? Do you even understand what this means?

[AuDiBelle]

It's like a backdoor tax on everyone. Total BS and we should ALL be appalled.

And, to make it worse, we are supposed to just believe what the Feds tell us since we aren't allowed to audit them. They could be doing much worse than that, this is only what they want us to know about.

[irishvanguard]

Wow. Yet another clueless corner of this administration.

[Winter_Sucks]

Just think how good of shape we would be in today if Reagan didn't triple the national debt and then have Bush double the national debt after that.

[irishvanguard]

Originally Posted by Winter_Sucks

Just think how good of shape we would be in today if Reagan didn't triple the national debt and then have Bush double the national debt after that.

So........Obama's stroke of genius was to double THAT!!?? Perfect logic!

[plwhit]

Originally Posted by Winter_Sucks

Just think how good of shape we would be in today if Reagan didn't triple the national debt and then have Bush double the national debt after that.

Ahhh, the blame it on Bush comment... Whenever the Dems look real bad that's the first words out of their mouths... yaknow, it was ok to bash Bush during the campaign but two years later? Lame, get over it.

Lemme see, which president made me feel proud to be an American?

Reagan or Clinton? Hmmmm

[pghquest]

Originally Posted by Winter_Sucks

Just think how good of shape we would be in today if Reagan didn't triple the national debt and then have Bush double the national debt after that.

They all managed to do it without monetizing the debt

btw, just so you know.. debt is MEANINGLESS.. But monetizing the debt is an indication that you cant PAY IT BACK.. Yes, before you proclaim that debt matters, its INCOME and DEFICITS that matter.. NOT debt..

Ooh I know.. you dont understand.. No surprise.. Here, let me try to explain it to you.. Who has more debt, you or Donald Trump? Who is richer? You see DEBT doesnt matter when you have the INCOME and ASSETS to go along with it.. Thanks to the last Trillion dollar stimulus, we dont

[Winter_Sucks]

Originally Posted by irishvanguard

So........Obama's stroke of genius was to double THAT!!?? Perfect logic!

So you're saying that our current national debt is 23 trillion dollars? Because when Obama took office, the national debt was over 11 trillion dollars and climbing because of unfunded wars, tax breaks for the richest Americans, and a sagging economy.

Obama didn't double the national debt.

[pghquest]

Originally Posted by Winter_Sucks

So you're saying that our current national debt is 23 trillion dollars? Because when Obama took office, the national debt was over 11 trillion dollars and climbing because of unfunded wars, tax breaks for the richest Americans, and a sagging economy.

Obama didn't double the national debt.

Obamas own figures show that he plans to double the debt..

If only the total was ONLY $11T..

U.S. National Debt Clock : Real Time

US Unfunded liabilities reach a total of $111 TRILLION..

Btw, the war spending is very little of our debt, less than 1% to be exact.. its ENTITLEMENTS..

And tax cuts for the rich INCREASED revenues, and DOUBLED capital gains tax revenues.. Another typical uneducated liberal...

[HappyTexan]

Originally Posted by whatyousay

It's like a backdoor tax on everyone. Total BS and we should ALL be appalled.

And, to make it worse, we are supposed to just believe what the Feds tell us since we aren't allowed to audit them. They could be doing much worse than that, this is only what they want us to know about.

The fact that the Fed is suing BofA over crap mortgages tells me alot about what is hiding in the closet of the Fed in the name of "collateral" for loans.