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The-Hogs.net • View topic - National Debt

National Debt

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National Debt

Postby DarthMonk » Tue Aug 09, 2016 3:10 pm

Curious how people feel. On one hand, it has increased more under Obama than under any other Pres. In fact, it's grown more under him than all other Presidents combined. On the other hand, both events are not uncommon and he inherited an economic sinking ship.

Percent increase in national debt by term since WWII:

HST 28.9%
HST

IKE 10.5%
IKE

JFK 6.8%

LBJ 13.6%
LBJ

NIX 31.8%
NIX

FORD 35.4%

CARTER 46.3%

REAGAN 186.7%
REAGAN

GW1 56.2%

CLINTON 39.6%
CLINTON

GW2 76.7%
GW2

OBAMA 93.4%
OBAMA


By this metric (good or bad metric ??) Reagan was the worst, Obama next, and GWB next.


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Re: National Debt

Postby Burgundy&GoldForever » Tue Aug 09, 2016 8:48 pm

Congress raises the debt ceiling, not the President. Congress determines the budget, not the President.

It's intellectually dishonest to tie the debt to the executive branch administration.
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Re: National Debt

Postby DarthMonk » Wed Aug 10, 2016 9:40 am



Scalp 'em, Swamp 'em,
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Re: National Debt

Postby Burgundy&GoldForever » Wed Aug 10, 2016 10:58 am

“He was at that time the smartest player in the league. We did everything we could to try to eliminate him from the play. We knew if we didn’t neutralize him, then we had less of a chance of winning.” - John Hannah on Chris Hanburger
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Re: National Debt

Postby DarthMonk » Wed Aug 10, 2016 1:20 pm



Scalp 'em, Swamp 'em,
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Re: National Debt

Postby Burgundy&GoldForever » Wed Aug 10, 2016 2:23 pm

The budget is billed by the House Finance Committee and signed off on by the House Majority Leader before it ever sees the light of a House vote, much less the Senate or the President's desk.

When it sees the President's desk is when he asks for things. He says "I'm not signing this because ..." and offers his own version of the budget. The actual budget is always a compromise somewhere in the middle.

All else being equal, yes, McCain's or Romney's budgets would have been similar to Bush's. Presidents have special interests as well.

The primary reason for the Bush deficit was what? As an antiestalishmentarianism independent I cannot in good conscience assume September 11th was the fault of the Bush administration much as I'd like to do so. There is no evidence which suggests 9/11 would not have happened had a different individual been POTUS at the time. What likely would have been very different is the reaction to the intelligence and to the aftermath. Likewise, there is nothing which suggests the bank collapse would have been avoided under a different administration.

It's impossible to know for fact but I do not personally believe Gore would have bought into the "weapons of mass destruction" rhetoric without tangible substantive proof.

The Executive executes the law. That's his only Constitutional job. If you prefer to call that leading rather than execution I fail to see any point to a game of semantics over terminology.
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Re: National Debt

Postby DarthMonk » Wed Aug 10, 2016 4:28 pm



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Re: National Debt

Postby Deadskins » Thu Aug 11, 2016 11:11 am

You guys act like Bush was something more than just a puppet.
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Re: National Debt

Postby Burgundy&GoldForever » Thu Aug 11, 2016 11:27 am

“He was at that time the smartest player in the league. We did everything we could to try to eliminate him from the play. We knew if we didn’t neutralize him, then we had less of a chance of winning.” - John Hannah on Chris Hanburger
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Re: National Debt

Postby welch » Wed Aug 24, 2016 1:32 pm

I don't take the national debt very seriously. It's not clear -- not to me -- what is a proper amount of national debt measured against Gross Domestic Product.

I am pretty sure that traditional Democratic and Republican desires to "balance the budget" hurt recovery from the Great Depression. About 1936, FDR saw that the economy was improving; efforts to return to a balanced budget kicked off a recession that has been called "The Second Great Depression". In my family, it was lived as just one long depression. (Dad joined the Navy Reserves, at fifteen, just for the extra 25 cents a week and active duty every summer.) I suspect almost everyone felt that way.
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Re: National Debt

Postby Countertrey » Thu Aug 25, 2016 7:49 pm

"That's a clown question, bro"
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Re: National Debt

Postby Countertrey » Thu Aug 25, 2016 7:50 pm

"That's a clown question, bro"
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That he didn't, didn't already have"
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Re: National Debt

Postby Burgundy&GoldForever » Thu Aug 25, 2016 9:05 pm

“He was at that time the smartest player in the league. We did everything we could to try to eliminate him from the play. We knew if we didn’t neutralize him, then we had less of a chance of winning.” - John Hannah on Chris Hanburger
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Re: National Debt

Postby HEROHAMO » Thu Nov 17, 2016 7:00 am

You guys really are unaware of how our country is in so much debt.

The "federal" reserve is a privately owned entity. There are a very private few stockholders who own the fed. These few elite own stock on the interest of our national debt. These few are the secret trillionaires of this world. The federal reserve act was a scheme cooked up by bankers. One of them J.P. Morgan.
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Re: National Debt

Postby HEROHAMO » Thu Nov 17, 2016 7:10 am

Most countries Governments rely on a central bank. We call ours the fed.

The federal reserve act was created in 1913. John F. Kennedy tried to get rid of the fed and was killed. Lyndon B. Johnson quickly put it back in place.
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Re: National Debt

Postby HEROHAMO » Thu Nov 17, 2016 7:21 am

The Boston tea party was caused by Patriots who did not want to be taxed.

The Father's of this County wrote the Constitution. In the original constitution there was no income tax. An amendment was put in later by Congress.

Just think about it logically. A sales tax alone on all goods generates trillions.
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Re: National Debt

Postby TexasCowboy » Thu Nov 17, 2016 4:18 pm

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Re: National Debt

Postby Burgundy&GoldForever » Thu Nov 17, 2016 5:25 pm

“He was at that time the smartest player in the league. We did everything we could to try to eliminate him from the play. We knew if we didn’t neutralize him, then we had less of a chance of winning.” - John Hannah on Chris Hanburger
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Re: National Debt

Postby TexasCowboy » Thu Nov 17, 2016 11:39 pm

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