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Thread: This is shocking
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05-02-2010, 06:57 PM #21
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05-03-2010, 01:24 AM #22
- Join Date
- Jan 2008
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- Northern California
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Thanked: 267Simply not supported by the facts. We have increased the debt every president since Johnson's term in office and at that time it was roughly $250 Billion since 1944. GWB and both houses spent money like it was water. They spent about $5 Trillion in 10 years more than they took in and that was supported by almost every Democrat in both houses. We voted them out! President O and both houses have spent over $3 Trillion more than they took in and that has only been 1 year. It also does not count the projected 10 Trillion for health care due in the future. It also does not include Social Security that both houses refused to fix which just by itself will bankrupt the country. Then there is Medicare which is just about ready to go hyper. Then there is the government printing money to the tune of $1.25 for every dollar in circulation. We are in deep DO-DO I don't care who is President. President O and both houses need to go.
Socialism and taking over car companies and stealing all the money from the shareholders and giving it to the Unions is crap. I will never buy another GM product as long as they are in existence.
Later,
Richard
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05-03-2010, 01:30 AM #23
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Thanked: 150
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05-03-2010, 01:41 AM #24
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05-03-2010, 01:58 AM #25
I saw it, looked to me like rationing of services and tax increases, very popular with the voters, but it only takes about 60% of them to get on board.
However since you mentioned grandchildren I wasn't sure whether you understand the scale of the numbers involved.
Who knows, now that americans got a whole new section on their credit card statements, may be they'll get used to the idea of paying debts.