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<blockquote data-quote="vantexan" data-source="post: 1033145" data-attributes="member: 24302"><p>The national debt stood at $10.6 Trillion when Obama took office. It now stands at over $16 Trillion and growing. His administration has far outspent any other. Projected to be over $20 Trillion and growing by 2016. People like to point out that Bush left the economy in shambles but Obama's stimulus plan was for $1 Trillion. Where has the rest gone? He has rewarded supporters such as several solar panel companies with huge contracts, one for half a billion and it went bankrupt. He has grown the Federal Gov't to unprecedented levels. There are now 10's of thousands in Washington making over $150k a year when that number was a small fraction of what it is now. We now have over 47 million on food stamps, close to 5 million on disability, with incentives to keep them on gov't programs. This is all being paid for by selling bonds to foreign gov'ts, especially China, and paying the interest on the debt by printing money. If other govt's stop buying bonds this house of cards collapses. And as they print money it becomes worth less which gives those gov'ts an incentive to stop buying. The Chinese have already lectured us on this. They see their investment coming back to them worth less than what they were promised in interest. At the same time Obama has closed down drilling on Federal land and in the Gulf. He has severely hampered coal production. If he's reelected and manages to get the House of Representatives back his next goal is to implement his cap-and-trade program. He said in an interview that I watched that it would cause our electric rates to skyrocket. Trying to wean us off fossil fuels but there is no viable alternative. FedEx lives on fossil fuels. Don't like your pay now wait until that happens. Obama is a far left extremist pretending to be a centrist to get reelected. The only reason he hasn't tried to ram through other programs like cap-and-trade after he got Obamacare is that the Repubs won the House in 2010. And I'm beginning to wonder if enough people are worried about losing their gov't handouts that they'll vote for Obama and give the Dems the House back. We are literally at the edge and it won't be granny thrown off the cliff but literally everyone if we don't get the spending under control.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1033145, member: 24302"] The national debt stood at $10.6 Trillion when Obama took office. It now stands at over $16 Trillion and growing. His administration has far outspent any other. Projected to be over $20 Trillion and growing by 2016. People like to point out that Bush left the economy in shambles but Obama's stimulus plan was for $1 Trillion. Where has the rest gone? He has rewarded supporters such as several solar panel companies with huge contracts, one for half a billion and it went bankrupt. He has grown the Federal Gov't to unprecedented levels. There are now 10's of thousands in Washington making over $150k a year when that number was a small fraction of what it is now. We now have over 47 million on food stamps, close to 5 million on disability, with incentives to keep them on gov't programs. This is all being paid for by selling bonds to foreign gov'ts, especially China, and paying the interest on the debt by printing money. If other govt's stop buying bonds this house of cards collapses. And as they print money it becomes worth less which gives those gov'ts an incentive to stop buying. The Chinese have already lectured us on this. They see their investment coming back to them worth less than what they were promised in interest. At the same time Obama has closed down drilling on Federal land and in the Gulf. He has severely hampered coal production. If he's reelected and manages to get the House of Representatives back his next goal is to implement his cap-and-trade program. He said in an interview that I watched that it would cause our electric rates to skyrocket. Trying to wean us off fossil fuels but there is no viable alternative. FedEx lives on fossil fuels. Don't like your pay now wait until that happens. Obama is a far left extremist pretending to be a centrist to get reelected. The only reason he hasn't tried to ram through other programs like cap-and-trade after he got Obamacare is that the Repubs won the House in 2010. And I'm beginning to wonder if enough people are worried about losing their gov't handouts that they'll vote for Obama and give the Dems the House back. We are literally at the edge and it won't be granny thrown off the cliff but literally everyone if we don't get the spending under control. [/QUOTE]
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