3rdnlng Posted June 17, 2012 Share Posted June 17, 2012 http://www.forbes.com/sites/peterferrara/2012/06/14/president-obama-the-biggest-government-spender-in-world-history/3/ I know, I'm just being partisan. Link to comment Share on other sites More sharing options...
BiggieScooby Posted June 17, 2012 Share Posted June 17, 2012 Wouldn't the biggest spenders be the US Private Sector with 235% Debt to GDP? US Govt is at 100% Debt to GDP. Link to comment Share on other sites More sharing options...
3rdnlng Posted June 17, 2012 Author Share Posted June 17, 2012 Wouldn't the biggest spenders be the US Private Sector with 235% Debt to GDP? US Govt is at 100% Debt to GDP. Can't trust your numbers since you were off by 18% in the Wisconsin recall vote. Then again, who cares about private debt when they are the only ones making money? If you are earning minimum wage (highly likely) and own a home, (highly unlikely) would your home have more debt than about $15000? Tell me some more BS. Link to comment Share on other sites More sharing options...
WorldTraveller Posted June 17, 2012 Share Posted June 17, 2012 I think someone has been tuning into drudge lately. Link to comment Share on other sites More sharing options...
UConn James Posted June 17, 2012 Share Posted June 17, 2012 Wouldn't the biggest spenders be the US Private Sector with 235% Debt to GDP? US Govt is at 100% Debt to GDP. Well, maybe if the biggest spender in world history weren't part of taxing the private sector to death.... Watching David Starkey's "Monarchy" series really opens ones' eyes up to how little anything has really changed WRT government, taxation, polling/unpopularity/opposition rising up, thirst for power and money.... Different faces, different places, but the song remains the same. Link to comment Share on other sites More sharing options...
Rob's House Posted June 17, 2012 Share Posted June 17, 2012 Wouldn't the biggest spenders be the US Private Sector with 235% Debt to GDP? US Govt is at 100% Debt to GDP. Except that the US private sector is millions of individuals and entities acting in their own interests with their own resources while the Federal Government is one monolithic entity allocating the resources of others. But yeah, other than that it's practically the same thing. Link to comment Share on other sites More sharing options...
/dev/null Posted June 17, 2012 Share Posted June 17, 2012 2 things: First, the OP left out one important word from the article title President Obama: The Biggest Government Spender In World History Second, this... Except that the US private sector is millions of individuals and entities acting in their own interests with their own resources while the Federal Government is one monolithic entity allocating the resources of others. But yeah, other than that it's practically the same thing. Link to comment Share on other sites More sharing options...
Nanker Posted June 17, 2012 Share Posted June 17, 2012 Third, to put it another way - the Federal debt is equal to the entire value of all goods and services that all Americans (those with jobs anyway) produce in an entire year. An entire year! Link to comment Share on other sites More sharing options...
/dev/null Posted June 17, 2012 Share Posted June 17, 2012 Wouldn't the biggest spenders be the US Private Sector with 235% Debt to GDP? US Govt is at 100% Debt to GDP. Gov't spending is roughly 20% of the economy. Private sector is roughly 80%. That's a ratio of 4 to 1 Yet the debt ratio is significantly less than 400% to 100% Link to comment Share on other sites More sharing options...
Rob's House Posted June 17, 2012 Share Posted June 17, 2012 Gov't spending is roughly 20% of the economy. Private sector is roughly 80%. That's a ratio of 4 to 1 Yet the debt ratio is significantly less than 400% to 100% You're just going to confuse him. Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted June 17, 2012 Share Posted June 17, 2012 Is he spending my money or your money... If it is your money, than that is okay. Hey, we are Americans right... Look out for number 1... Numero uno! It is all about the individual right? !@#$ the group! Link to comment Share on other sites More sharing options...
MARCELL DAREUS POWER Posted June 17, 2012 Share Posted June 17, 2012 out of the 15 tril, 10 is from bush. out of the other 5 under obama, half was from the recession... out of the 2.5, the bush tax cuts, medicare, medicaid, ss, and other structural deficits all written into law before obama. in reality, you can only say obama is responsible for 2.5 at most. which is still bad. you create a huge debt, then you blame the other party and go after ss and medicare. Link to comment Share on other sites More sharing options...
Dante Posted June 17, 2012 Share Posted June 17, 2012 (edited) Wouldn't the biggest spenders be the US Private Sector with 235% Debt to GDP? US Govt is at 100% Debt to GDP. Aren't you missing the point? The private sectors money is their own. The governments money is the private sectors. That's why its such a big deal you see. Edited June 17, 2012 by Dante Link to comment Share on other sites More sharing options...
/dev/null Posted June 17, 2012 Share Posted June 17, 2012 out of the 15 tril, 10 is from bush. link? Link to comment Share on other sites More sharing options...
B-Man Posted June 17, 2012 Share Posted June 17, 2012 out of the 15 tril, 10 is from bush. out of the other 5 under obama, half was from the recession... out of the 2.5, the bush tax cuts, medicare, medicaid, ss, and other structural deficits all written into law before obama. in reality, you can only say obama is responsible for 2.5 at most. which is still bad. you create a huge debt, then you blame the other party and go after ss and medicare. 100% wrong to no ones surprise. . Link to comment Share on other sites More sharing options...
Rob's House Posted June 17, 2012 Share Posted June 17, 2012 link? It has to do with infinite interest and state sponsored theft via capital ownership. It's over our heads. Link to comment Share on other sites More sharing options...
RI Bills Fan Posted June 17, 2012 Share Posted June 17, 2012 link? He's still wrong, but... There's plenty of blame to go around. There aren't any Politicians whose hands are clean in the deficit issue. More info. Link to comment Share on other sites More sharing options...
C.Biscuit97 Posted June 17, 2012 Share Posted June 17, 2012 Judging by his other articles, this guy's agenda's pretty clear. He doesn't like Obama and is a hardcore Republican. Good for him, but what does this prove? Would it be any more meaningful to post attack ads on Romney from Democrats? Also, he's a handsome man. For some reason, all the crazy right wing political guys (Rush, Beck, Drudge) are all studs. I'm surprised they would be loud and bitter. That said, I represent the fact they got rich off the money of mindless zombies who can't form their own opinions. I think someone has been tuning into drudge lately. I love that people actually pay attention to someone with a resume like this: http://en.wikipedia.org/wiki/Matt_Drudge Matthew Drudge was raised in Takoma Park, Maryland, near Washington, DC. His parents are Reform Jewish Democrats who both worked for the federal government, and he is their only child.[2] His father, Robert Drudge, a former social worker who owns the reference site www.refdesk.com,[2] and his mother, a former staff attorney for U.S. Senator Ted Kennedy,[3] divorced when he was six. Drudge went to live with his mother.[2] He had few friends and was an avid news reader and radio talk show fan.[2][4] In his book Drudge Manifesto, Drudge says that he "failed his Bar Mitzvah", and graduated 341st out of a class of 355 from Northwood High School in 1984, giving himself, in his words, a "more than adequate curriculum vitae for a post at 7-Eleven".[2]In the 1980s, Drudge worked as a telemarketer for Time-Life Books. Link to comment Share on other sites More sharing options...
UConn James Posted June 17, 2012 Share Posted June 17, 2012 Third, to put it another way - the Federal debt is equal to the entire value of all goods and services that all Americans (those with jobs anyway) produce in an entire year. An entire year! Maybe we can get debt forgiveness from the same countries we've done that for time and time and time again. Oh wait. That's different. Link to comment Share on other sites More sharing options...
3rdnlng Posted June 17, 2012 Author Share Posted June 17, 2012 (edited) Judging by his other articles, this guy's agenda's pretty clear. He doesn't like Obama and is a hardcore Republican. Good for him, but what does this prove? Would it be any more meaningful to post attack ads on Romney from Democrats? Also, he's a handsome man. For some reason, all the crazy right wing political guys (Rush, Beck, Drudge) are all studs. I'm surprised they would be loud and bitter. That said, I represent the fact they got rich off the money of mindless zombies who can't form their own opinions. I love that people actually pay attention to someone with a resume like this: http://en.wikipedia.org/wiki/Matt_Drudge Who cares what he did before, Mr Wikipedia. What's wrong with the Drudge Report? You do know that he isn't posting articles he authored, don't you? Edited June 18, 2012 by 3rdnlng Link to comment Share on other sites More sharing options...
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